Legacy Traditional School - West Surprise

“State disclosure: educational organizations exempt under ars section 43-1201(4) are not required to file a copy of their federal form 990 with the state of arizona.”

“Delegation of management duties: the school has a management services agreement with vertex education, llc. In accordance with the management service agreement, vertex education provides assistance with the operations and management of the school in the areas of school development, financial services, human resources, information systems, facilities management and food services. The school also has an agreement with vertex education for reimbursements for advertising, marketing, and public relation expenses. The school has a community education services agreement with vertex education, in which vertex provides assistance with program of instruction, licensing, policies and procedures, training of program staff, enrollment and registration, billings and collections, and communication with parents, related to programs such as lkc, pre-school, keep, and clubs. Management fees incurred under this agreement for the year ended june 30, 2024 was $2,101,685.”

“Committee: the organization does not have any committee with authority to act on behalf of the governing body.”

“The organization review process: the form 990 is emailed to each of the organization's governing board members for review prior to being filed.”

“Organization compliance and enforcement of policies: each officer, director, trustee, or key employee must annually sign a statement that affirms that such person has received a copy of the conflict of interest policy, has read and understands the policy and has agreed to comply with the policy. If any person who is a director or officer is aware that the organization is about to enter into any business transaction directly or indirectly with such person, any member of that person's family, or any entity in which that person has any legal, equitable or fiduciary interest or position, such person shall (a) immediately inform those charged with approving the transaction on behalf of the organization of such person's interest or position, (b) aid the persons charged with making the decision by disclosing any material facts within such person's knowledge that bear on the advisability of such transaction from the standpoint of the organization, and (c) not be entitled to vote on the decision to enter into such transaction. A copy of the conflict of interest policy will be maintained in the corporate records, and the board will review that policy on an annual basis.”

“Governing douments: some of the organization's governing documents are available to the public through websites of state government agencies. The organization considers specific requests for its governing documents, conflict of interest policy, and financial statements on a case-by-case basis.”

“Audit oversight: the school board has been delegated oversight and acts as an audit committee. No changes have been made to the oversight process or the selection process from the prior year.”