Ofl William S Hart 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 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 in 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 organization's governing documents, conflict of interest policy, and recent federal income tax returns are made availbale for public inspection at the organization's principal office during normal business hours.”

“Service fees: program service expenses 2,866,256. Management and general expenses 801,364. Fundraising expenses 0. Total expenses 3,667,620. Consulting: program service expenses 1,635,734. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,635,734. District admin fees: program service expenses 190,067. Management and general expenses 0. Fundraising expenses 0. Total expenses 190,067. Student services: program service expenses 33,605. Management and general expenses 0. Fundraising expenses 0. Total expenses 33,605.”

“Transfer of net assets received from ofl-wsh llc 3,947,454.”

“The organization has not changed its process from the prior year.”

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