Romero Academy

“The form 990 is prepared by the external accountants and reviewed by management as instructed by the board. Once all revisions are made as necessary for irs filing, a copy is sent to all board members.”

“Each year the organization's conflict of interest policy is provided to all officers, directors, and key employees. These people are asked to review the policy and sign a statement indicating that they understand the policy, have reported all potential conflicts during the past year in accordance with the policy and will report all potential conflicts during the coming year. All potential conflicts are evaluated by the board to determine if a conflict actually exists. In those instances where the potential transaction is a conflict, the board examines the transaction and a vote is taken (with those involved recusing themselves) as to whether the organization will enter into a transaction.”

“Annually the board conducts a perfomance review and evaluation of the managing director. The review also establishes the individual's compensation for the following year. This process involves the evaluation of the individual, and a review of compensation of comparable positions obtained from the form 990 of similar organizations. The board's deliberation and decision is noted in the minutes of the meeting. Compensation process for officers the managing director establishes the compensation of the senior management team and reviews the performance evaluations and recommended compensation with the board. The evaluations and compensation are discussed by the board although no vote or approval of the managing director's decision is required.”

“The organization makes its governing documents (articles of incorporation and by-laws), its conflict of interest policy and financial statements available upon request. The organization will mail copies upon request or provide copies to those who come to the administrative office during normal business hours. The organization charges for the copies in accordance with irs regulations.”

“Board development: program service expenses 0. Management and general expenses 213. Fundraising expenses 0. Total expenses 213. Professional and contracted services: program service expenses 576,355. Management and general expenses 5,472. Fundraising expenses 0. Total expenses 581,827. Professional development: program service expenses 15,366. Management and general expenses 2,911. Fundraising expenses 0. Total expenses 18,277. Student recruitment: program service expenses 33,164. Management and general expenses 8. Fundraising expenses 0. Total expenses 33,172. Student services: program service expenses 329,916. Management and general expenses 82. Fundraising expenses 0. Total expenses 329,998. Staff recruitment: program service expenses 8,333. Management and general expenses 554. Fundraising expenses 0. Total expenses 8,887. School culture: program service expenses 12,039. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,039. State auxillary funding: program service expenses 311,237. Management and general expenses 0. Fundraising expenses 0. Total expenses 311,237.”