Aurora Public Schools Foundation

“Process to Review the Form 990: The 990 is prepared by a cpa and first forwarded to the executive director of the foundation for review and approval. It is then forwarded to the foundation's finance committee which reviews it and approves it. Upon that approval, the form 990 is distributed to the other board members.”

“Review of CEO or Top Mgmt Official Compensation: The executive director's salary is paid for by aurora public schools, aurora, Colorado. The foundation reimbursed aurora public schools for a portion of the executive director's salary. The district provides a supervisory function over the executive director's performance and determines the appropriate salary based upon its survey of comparable positions in the metropolitan area.”

“Review of Other Officer or Key Employees Compensation: The executive director conducts a review of appropriate salaries for other officers and staff based upon market studies of comparable positions in the metropolitan area.”

“Governing Documents Available to the Public: The organization's financial statements are available on their website. The governing documents, conflict of interest policy, and financial statements are also made available upon request.”

“Delegation of control to a Management Company or Other Person: members of the Aurora Public Schools Education Foundation Board are independent of the School Board and the School District. As part of the Foundation's advocacy for high quality public education for all children in the District, the Foundation accepts an in-kind donation of certain services from the District and pays for a portion of the services provided by the district. Those services primarily include personnel dedicated to the Foundation as well as office space and other support services. The Executive Director and other assigned staff are supervised by the District's Superintendent and the Superintendent's delegates. The District's Superintendent or his delegate attends Foundation Board meetings but is not a voting member of the Board. The Foundation is a separate legal entity and the District is not financially accountable for the Foundation. The Foundation's financial statements are included as part of the District's financial reporting entity because of the nature and significance of the relationship between the primary government and the Foundation.”

“Program Service accomplishments - cont. APSF serves a richly diverse student population: - aps students come from 131 different countries and speak 133 different languages. - 36% of students speak english as a second language; of these, 82% are native spanish speakers. - 71% of our APS students receive free and reduced lunch. - 10% of our students attend special education programs. APSF has administered hundreds of scholarships to aps students attending colleges and vocational schools nationwide since it began in 1987. Form 990, Part VI, Section A, Line 4 Changes to Organizational Documents since Prior 990: The articles of incorporation were amended in September 2014 to reflect the updated name of aurora public schools foundation.”