Pim Arts High School

“As per mn statute 124e.07, staff members employees at the school, members of the board of directors, and all parents or legal guardians of children enrolled in the school are the voters eligible to elect the members of the school's board of directors.”

“Form 990 is reviewed by the executive director and the financial manager for review before it is signed and filed with the irs. The entire board does not review the 990 prior to being filed.”

“Board members sign a conflict of interest statement annually. The board also reviews the conflict of interest policy annually and makes changes as necessary.”

“A salary survey was done to determine alignment of salary schedules with comparable positions in surrounding districts and charter schools.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request for the same period of disclosure as set forth in section 6104(d).”

“Per mn statute 124e.07, charter schools are required to have a licensed teacher as a member of the board of directors. Paul johnson, karis sloss, aaron kvale, james petry, emily weber, and danielle ricci are board members, but received compensation for services as teachers.”

“Misc. Contracted services: program service expenses 343,739. Management and general expenses 30,427. Fundraising expenses 0. Total expenses 374,166. Student transportation: program service expenses 342,640. Management and general expenses 0. Fundraising expenses 0. Total expenses 342,640. Food services: program service expenses 160,064. Management and general expenses 0. Fundraising expenses 0. Total expenses 160,064.”

“Pension liabilities, deferred outflows & inflows pension: as a charter school in the state of minnesota, participation in two multiple-employer, cost-sharing defined benefit pension plans is statutorily required. The school's contributions to the plans are also regulated by statute and are based on a percentage of salaries and wages earned by current employees. Therefore, while the net pension liability, deferred outflows and inflows, are reported on the school's statement of net position, the school is not in a position to directly control the liabilities or the subsequent liquidation of the liabilities.”

“Gasb 68 - pension adjustment 33,031.”