Ofl Capistrano Inc.

“Propel a charter management group, inc. Manages secondary charter schools and other educationally oriented nonprofit organizations, providing to ofl schools, among other services, the education program for independent study based instruction and program management.”

“The authorizing district has the right to appoint a district representative to the board; however, this right has not been exercised.”

“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 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 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.”

“Since the corporation is a public agency, all governing documents, board policies, meeting minutes, agendas, meeting packages of backup materials, etc, are public records and an electronic copy of each is kept as well as paper copies at the school site. There is a public records policy (policy available upon request) regarding how to and from whom to make a request of these documents.”

“Service fees: program service expenses 946,872. Management and general expenses 463,388. Fundraising expenses 0. Total expenses 1,410,260. Consulting: program service expenses 645,478. Management and general expenses 0. Fundraising expenses 0. Total expenses 645,478. District admin fees: program service expenses 69,240. Management and general expenses 0. Fundraising expenses 0. Total expenses 69,240. Student services: program service expenses 9,774. Management and general expenses 0. Fundraising expenses 0. Total expenses 9,774.”

“Llc distribution -119,678.”

“The process has not been changed from prior year.”

“990n was filed previously after year-end. Subsequently the organization received contribution of net assets from ofl-c, llc due to organizational restructure that requires to file 990 due to the transferring activities.”