Classical Charter Schools of America

“Management delegated - Classical Charters of America has agreements with Roger Bacon Academy, Inc., to manage the schools under the control of the board of trustees. On July 18, 2001, Classical Charter Schools of America formerly Charter Day School entered into an agreement with Roger Bacon Academy for management, and faculty services. Roger Bacon Academy provides supervision and administration services for the management, operation, and maintenance of the schools in accordance with the educatinoal program as adopted by the board and included in its operational documents. The board sets the budget annually within which the schools are managed. Any documents or policies adpoted by the board may be modified from time to time at the sole and absolute discretion of the board. Roger Bacon Academy is entitled to compensation for its services based on 16 of revenues, as defined in the management agreement. The agreement was approved by teh board of Classical Charters of America, the NC State Board of Education and the Internal Revenue Service.”

“Organizations process to review form 990 - Form 990 is prepared by the Companys auditors based on information in the financial statements of its annual local government commission audit. The no-findings financial statements were reviewed and unanimously approved by the board. The form 990 is reviewed by the treasurer of the corporation and the management company. The 990 is emailed to all board members several days before filing asking for comments and/or corrections.”

“The board of directors reviews the policy annually. If any conflicts arise they are resolved by the board of directors.”

“Top management official is provided by the management company, Roger Bacon Academy, and receive no compensation directly from the Classical Charters Schools of America, Inc.”

“The officers of the Classical Charter Schools of America board of trustees volunteer their service and receive no compensation. Key employees are provided by the management company, Roger Bacon Academy, and receive no compensation directly from Classical Charter Schools of America, Inc.”

“Governing documents, school policies, and financial statements are by request. Requested documents can be transmitted electronically or viewed at teh headquarters of the management company, Classical Charter Schools of America, Inc.”

“Organizations Mission - Our understandings of humankind and our universe are expressed and communicated through all of our arts and sciences. Each method of expression - language, painting, music, mathematics, and science - has rules and techniques for effectively communicating these ideas and understandings. These rules and techniques are the bridges over which ideas must be communicated from one generation to the next. Thus, the mission of Classical Charters of America, through the Roger Bacon Academy is, for the next generation, to teach the rules and techniques for effective expressioin and communicatino in the arts and sciences, to communicate, by these arts and scienses, our understandings of the universe and our role in it, and to instill a love of learning and discovery, justifying a life-long dedication to health, truth and virtue.”