Collective Learning Academy Inc.

“The board of directors receives a copy of the form 990 before it is filed.”

“Written annual statements are required from all directors, principal officers, and board committee members, as well as it is the ongoing responsibility of these members to disclose potential conflicts such that the board may determine if a conflict of interest exists.”

“Periodic reviews of compensation arrangements and benefits are required by the conflict of interest policy to determine reasonableness based on competent survey information and arm's length bargaining.”

“Governing documents and internal policies are available within the organization to those who fall under their covenants, but as proprietary information, they and the financial statements are not made directly available to the general public.”

“Whistleblower and document retention policies were adopted by the board of directors on may 09, 2019.”

“Collective learning academy, inc. Was approved as a 501(c)(3) as of june 17, 2019 back to november 3, 2018, but effective operations will not begin until january 1, 2019. Through december 2018 the collective academy of atlanta school operated under the name collective learning academy, llc, and for 2018 (jan. 1 thru dec. 31) filed a form 1065 tax return showing all operations of the organization. Transference of all assets to collective learning academy, inc. Was effective at the end of the day december 31, 2018. 2018 gross receipts for collective learning academy, llc. Were $215,978. As such and in anticipation that gross receipts will remain above the $200,000 gross receipts limitation for filing a form 990-ez in the future, a form 990 has been filed for this short year versus using another form of the 990 return.”

“Collective learning academy, inc. Did not have any operations for 2018, and did not file any w-2s or 1099s with the irs for 2018.”

“Net assets transferred to organization upon acceptance of 501(c)(3) status 3,902.”