Elite Academic Academy - Mountain Empire

“The organization does not have any committees that 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 and approval prior to submitting to the irs.”

“Monitoring is performed regularly by the officers to identify potential conflicts of interest. Any question of a conflict is addressed with the interested person, who is required to disclose the existence of any financial interest and be afforded the opportunity to disclose all material facts to the board and executive director. If a conflict of interest is identified, the appropriate action is taken, including limitations to the individual's influence on related business matters.”

“The ceo'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 determine 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 discussion and compensation decision is documented contemporaneously.”

“The school's governing documents are available upon request.”

“Educational services: program service expenses 445,099. Management and general expenses 448,496. Fundraising expenses 0. Total expenses 893,595. District oversight fees: program service expenses 37,143. Management and general expenses 37,426. Fundraising expenses 0. Total expenses 74,569. Back office fees: program service expenses 433,336. Management and general expenses 436,643. Fundraising expenses 0. Total expenses 869,979.”

“The process has not changed from prior year.”