Eagle Ridge Academy

“The membership of the academy shall include all parents or legal guardians of the enrolled students, and employees of the academy.”

“Each member of the school has one vote to elect school board members.”

“Each board member receives a public disclosure copy of the 990 prior to filing. The board of directors has granted authority to the executive director to sign and submit the 990 to the irs.”

“Conflict of interest forms are completed annually and verified by the board and school authorizer.”

“The contracts for all employees are written and approved by the school board.”

“The governing documents, conflicts of interest policies, and/or financial statements are made available upon request for the same period of disclosure as set forth in section 6104(d) at the academy.”

“Per mn statute 124e.07, charter schools are required to have licensed teachers as members of the board of directors. Clare murray, anne bartow, betsy bixby, and erik edin are board members but received compensation for their services as teachers.”

“Transportation: program service expenses 1,179,647. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,179,647. Food service: program service expenses 892,184. Management and general expenses 0. Fundraising expenses 0. Total expenses 892,184. Other outside services: program service expenses 709,454. Management and general expenses 36,657. Fundraising expenses 0. Total expenses 746,111.”

“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.”

“Pension expense relating to net pension liabilities 277,323.”