Covenant Preparatory School Inc.

“Dale Crisp a voting member of the Board of Directors is the Spouse of William Crisp the Treasurer for the Board of Directors. Rueben Jensen the Highest paid instructor and Curriculum Director is the brother-in-law of Jacob Skogen the Chairman of the Board.”

“A new Board of Directors was elected which required a change in the Organizational Documents”

“The members of the Board of Directors are granted voting rights and all members vote on the appointment of the governing body. The titled members are required to sit on the Board of Directors: Chairman, Treasurer, and Secretary. The Board meets monthly to discuss new business and annually to vote on the governing body.No Stock has been issued to this organization, therefore, no member owns any shares. There is only one class of member and that is a voting member.”

“All members of the Board of Directors have the right to vote on all matters brought before the board, including the right to vote in additional members to the board of directors”

“All members of the Board have the right to vote on all governing body decisions.”

“Members of the board meet on the first Sunday of each month. In order for any matters to be brought before the board a minimum of a quarum of the board members must be present. All matters brought before the board must have a majority vote to be passed and must be recorded in the meeting minutes in order to be ratified. All policies have been brought before the board and have been ratified, these include Conflict of Interest, Anti Discrimination, and Employee policies All meetings are recorded by the Secretary and are kept in a Binder for reference and ratification.”

“Committees are established, directed and governed by the Board of Directors. Budgets are then established with the assistance of the Board prior to any purchases being made. All receipts are required for reimbursement and each committee must stay within designated budget amounts. Any excess purchases must be approved before expenditure is made. If they are not approved the expense will then be at the cost to the purchaser.”

“The 990 was emailed to the governing body by Advantage Accounting & Tax Service for their review and approval prior to the return being efiled.Jacob Skogen, Chairman, Approved the 900 for submissionWilliam Crisp, Treasurer, Approved the 990 for submissionRyan Consie, Secretary, Approved the 990 for submission”

“Conflict of Interest Statement: Any person who servies on the Board of Directos or Covenant Preparatory School Inc., or in any position of leadership, may not hav any other postition which conflicts in any way with them serving in the best interest of Covenant Preparatory School. If such a situation should arise, they agree to immediately make it known to the remainer of the board members and tender their resignation.”

“Compensation for top management officials was based on the budget and was determined by potential board members that the governing body would receive no compensation for their service on the board of directors.”

“Compensation for Key management positions was determined based on the budgeted funds available for the different levels of management the school year.”

“Governing documents for Covenant Preparatory School are available to the public on the Secretary of State website. Other policies and governing documents are available upon request to the Headmaster at Covenant Preparatory School.”

“Adjustments were made to net income due to the changes in student attendance and refunds applied to those accounts after the year closed.”

“Functional Expenses: OtherScholarship Expenses 10,020Curriculum 1,480Print/Reproduction 211School Supplies 322Outside Contractor 625Tutor 350Substitutes 315Total Other Expenses 13,323 Functinal Expenses: Other ManagerialLicense & Permits 15Dues & Subscriptions 1,577Bank Charges Tuition Process Fees 5,199Teacher Appreciation 30Late Fees 24Bank Service Charges 46Total Other Expenses 6,895”