Leadership Education Foundation DBA Arrow Academy

“The Foundation has contracted with a management company to perform a number of duties for the charter school. Arrow Academy, LLC is paid a fee of $815 per enrolled student to provide management services. The services include accounting duties, curriculum management, staff training, marketing, compliance reporting and other operations related consulting. Top Officials of the Foundation are compensated through this arrangement as follows:Superintendent, Jim Christianson $190,902CFO, Curt Mackey $70,574”

“The organization, specifically the financial officer, prepares an informational checklist for submission to a paid tax preparer. Once the return is prepared by the paid tax preparer, it is reviewed in detail by the financial officer and also reviewed by the Superintendent and all board directors prior to filing with the IRS.”

“The conflict of interest policy applies to directors and officers of the organization. A disclosure form is prepared annually and must be submitted to the Texas Education Agency. An officer or director with a conflict of interest must excuse themselves from any formal board discussion regarding policies related to the conflict of interest and may not participate in a board vote related to any item considered a conflict of interest.”

“The organization obtains public information related to salaries for similar positions in similar sized institutions when possible. This service was performed in 2012 upon hiring the Superintendent/Executive Director, Cassandra Dyson.”

“The Superintendent and Chief Financial Officer that perform a substantial amount of duties for the organization are employees of a management company that is paid management fees to perform those services. A review of Texas school salaries is used to determine staff are fairly compensated in comparison to peers at other schools.”

“The organization is subject to the Texas Open Records Act and, by law, must make these documents available to the public upon request.”