Frederick Douglass Mastery Charter School

“The form 990 is prepared by an independent accounting firm. The ceo and board of directors review the form 990 before it is submitted to the internal revenue service.”

“Employees and covered persons must adhere to the conflict of interest policy. Employees unsure as to whether a certain transaction, activity, or relationship constitutes a conflict of interest should discuss it with their immediate supervisor, or human resources, for clarification. Any exceptions to the policy must be approved in writing by the ceo. Failure to adhere to this policy, including failure to disclose any conflicts or to seek an exception, may result in disciplinary action, up to and including termination. Covered persons include board members and administrators (defined as those who (a) take or recommend official action which is "non-ministerial", that is, the action is discretionary or (b) who exercise management or operational oversight). All covered persons shall file annually a statement of financial interest with the school at which they are employed or on which board they serve. Any covered person who believes himself to have a conflict should seek advice of counsel and, if so advised, should recuse himself from participation in the action creating the potential conflict. If the covered person is a member of the board and, if advised by counsel, he should also disclose the potential conflict at the meeting of the board. Subject to the provisions of the pennsylvania public official and employee ethics act, contracts between a mastery school and a business in which the covered person or his spouse or child is associated are prohibited.”

“The principal's compensation is reviewed and approved annually by the board of directors. The compensation committee uses survey data and information from comparable organizations' form 990 to analyze and compare compensation and make recommendations to the board for its approval. The deliberation by the compensation committee and approval by the board is documented in each committee's minutes. Form 990, part vi, section b, line 15b: the school does not have any other compensated individuals that meet the internal revenue service definition of officer or key employee.”

“Fregerick douglas mastery charter school makes its governing documents, conflict of interest policy and financial statements available upon request.”

“Consultant services: program service expenses 287,130. Management and general expenses 22,613. Fundraising expenses 0. Total expenses 309,743. Substitute teachers: program service expenses 63,627. Management and general expenses 0. Fundraising expenses 0. Total expenses 63,627. K-7 alternative pupil support: program service expenses 256,591. Management and general expenses 0. Fundraising expenses 0. Total expenses 256,591. Greentree program (emotional support): program service expenses 12,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,000. Professional services special education-cora/elwyn: program service expenses 305,136. Management and general expenses 0. Fundraising expenses 0. Total expenses 305,136. Paraprofessionals / 1:1 aides: program service expenses 25,666. Management and general expenses 0. Fundraising expenses 0. Total expenses 25,666. Maps fees: program service expenses 162,139. Management and general expenses 0. Fundraising expenses 0. Total expenses 162,139. Special education:approved private schools: program service expenses 196,262. Management and general expenses 0. Fundraising expenses 0. Total expenses 196,262. Other purchased services: program service expenses 5,293. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,293. Tuition assistance program fees: program service expenses 25,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 25,000. Placement/search fees: program service expenses 0. Management and general expenses 7,500. Fundraising expenses 0. Total expenses 7,500.”

“Restatement for july 1, 2017 opeb (other postemployment benefits) liabilities-gasb 75 -342,000.”