Invictus Academy Inc

“There are no committees with the authority to act on behalf of the governing body.”

“The form 990 is prepared by the organization's outside public accounting firm based on information provided by management. Once a draft of the return is available, it is reviewed by management with any changes or revisions incorporated into the filing. The revised return is then submitted to the board of directors for their review prior to submitting to the irs.”

“All employees, officers, and directors are covered under the organization's conflict of interest policy. All designated employees and common directors are required to annually disclose potential conflicts, as well as when they arise. Monitoring is performed regularly by the officers to identify potential conflicts of interest. The board or designated committee reviews any conflicts presented by interested parties. The chairperson appoints a disinterested person or committee to investigate the transaction in question and report findings to the board. Alternatives to the proposed transaction are identified and compared to the proposed transaction. Any questions of a conflict are addressed with the designated employee, who is required to disclose the existence of any material financial interest and be afforded the opportunity to disclose all material facts to the board and executive director. The board votes on the most beneficial option for the organization. If the board has reason to believe an interested person has failed to disclose the potential conflict, the board will investigate further and if necessary, take appropriate disciplinary and corrective action. If a conflict of interest is identified, the organization will not enter into any contract or transaction in which a designated employee has a material interest or there will be limitations to the individual's influence on related business matters within discussion and voting. All deliberation and decisions are recorded in meeting minutes.”

“The executive director's pay is determined based on data provided by external charter management organizations and through comparison studies of other charter schools. The board must vote to approve the executive director's compensation as a direct action. The officers and key employees' pay is determined based on data provided by external charter management organizations and through comparison studies of other charter schools. The board must vote to approve the officers and key employees' compensation as a direct action.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available upon request.”

“Other fees: program service expenses 0. Management and general expenses 289,336. Fundraising expenses 0. Total expenses 289,336. Other professional service fees: program service expenses 901,506. Management and general expenses 7,966. Fundraising expenses 0. Total expenses 909,472.”