Aspen Public Schools Incorporated

“The organization does not have committees with authority to act on behalf of the governing body.”

“The form 990 is prepared by the organization's outside public accounting firm based on information provided by management. Once the draft of the return is available, it is reviewed by management with any changes or revisions incorporated into the filing. The revised return is then submitted to the board of directors for their review and approval prior to submitting to the irs.”

“Monitoring is performed regularly by the officers to identify potential conflicts of interest. An interested person is any of the corporation's directors, officers, or employees who have a direct or indirect financial interest. A person has financial interest if the person has, directly or indirectly, through business, investment, or family: an ownership or investment interest in any entity with which the corporation has entered into or proposes to enter any transaction or arrangement; a compensation arrangement with the corporation or with any entity or individual with which the corporation has entered into or proposes to enter into any transaction or arrangement; or a potential ownership or investment interest in, or compensation arrangement with, any entity or individual with which the corporation entered into or proposes to enter into any transaction or arrangement. Any questions of a conflict are addressed with the interested person, who is required to disclose the existence of any financial interest and be afforded the opportunity to disclose the existence of any financial interest and be afforded the opportunity to disclose all material facts to the board and executive director. If a conflict of interest is identified, the appropriate action is taken, including limitations to the individual's influence on related business matters.”

“The compensation review and approval process for the executive director is performed during a board meeting in a closed session when the director is asked to leave. The executive director's pay is determined based on data provided by external charter management organizations and through comparison studies of other charter schools. The process described here was last completed in 2024.”

“Governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

“Other fees for services: program service expenses 294,078. Management and general expenses 173,478. Fundraising expenses 0. Total expenses 467,556. Other educational consultants: program service expenses 800,871. Management and general expenses 0. Fundraising expenses 0. Total expenses 800,871. General consulting: program service expenses 470,132. Management and general expenses 0. Fundraising expenses 0. Total expenses 470,132. Substitute teacher: program service expenses 224,814. Management and general expenses 0. Fundraising expenses 0. Total expenses 224,814.”

“The process for oversight and selection of an independent accountant has not changed from the prior year.”