Aurora Public Schools Foundation

“Members of the aurora public schools foundation board are independent of the school board and the school district. As a part of the foundation's advocacy for high quality education, 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 is supervised by the foundation board of directors in partnership with the superintendent or his/her delegate. The superintendent and his/her delegate attends foundation board meetings as non-voting members. 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.”

“The articles of incorporation were amended in september 2014 to reflect the updated name of aurora public schools foundation.”

“The 990 is prepared by a cpa and forwarded to the executive director for review. The return is then forwarded to the finance committee for their review and comments. Once the finance committee is satisfied with the draft, it is presented to the full board for review and approval. After approval, the 990 is submitted to the irs.”

“The executive director's salary is paid by aurora public schools (aps), aurora, colorado. The foundation reimburses by aps 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.”

“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.”

“The organization's financial statements are available on its' website at www.educateaurora.org. The governing documents, conflict of interest policy and quarterly financial statements are also made available upon request.”

“Generosity of individuals, families and organizations throughout our community. Apsf services a diverse student population by providing scholarships and prgrams to assist with their success after high school. Apsf has administered hundreds of scholarships to aps students attending colleges an dvacational schools nationwide, and has luanched three college and career centers in aps high schools. The college and career centers have successfully made college and careers more affordable and accessible by providing resources, guidance and support for high school students. The demographics at aps are as follows: - aps students come from more than 130 countries and speak 130 different languages, - 39% of aps students speak english as a second language, and - 68% of students are on free and reduced lunch.”