Hellenic Classical Charter Schools - Staten Island

“The form 990 is prepared by an outside accounting firm and then reviewed by management. The form 990 is then distributed to the executive committee and the board before it is filed with the irs.”

“Hellenic classical charter school has in place a conflict of interest policy which is annually monitored and enforced. This policy shall be reviewed annually by each member of the board of directors. Annually each director and officer shall complete a conflict of interest policy. Directors and officers annually sign a conflict of interest policy. Any trustee, officer, employee, or committee member having an interest in a contract, other transaction or program presented to or discussed by the board or board committee for authorization, approval, or ratification shall make a prompt, full and frank disclosure of his or her interest to the board or committee prior to its acting on such contract or transaction. Such disclosure shall include all relevant and material facts known to such person about the contract or transaction that reasonably be construed to be adverse to the corporation's interest. The body to which such disclosure is made shall thereupon determine, by majority vote, whether the disclosure shows that a conflict of interest exists or can reasonably be construed to exist. If a conflict is deemed to exist, such person shall not vote on, nor use his or her personal influence on, nor be present during the discussion or deliberations with respect to, such contract or transaction (other than to present factual information or to respond to questions prior to the discussion). The minutes of the board meetings shall contain: 1. Regular annual statements from trustees, officers and employees to disclose existing and potential conflicts of interest; and 2. Corrective and disciplinary actions with respect to transgressions of such policies. For the purpose of this section, a person shall be deemed to have an interest in a contract or other transaction if he or she is the party (or one of the parties) or family member of one of the parties contracting or dealing with the corporation, or is a director, trustee or officer of, or has a significant financial or influential interest in the entity contracting or dealing with the corporation.”

“The organization uses comparable data and refers to other non-profit compensation schedules across the non-profit sector as a whole. The board of directors based on comparable data determine the salaries for the top management and officers. Compensation for the top management and officers is approved by the board and documented in the minutes of the board. This process was last conducted in june 2022.”

“The school makes its governing documents, conflict of interest policy, and financial statements available to the public upon a written request to the director of operations.”

“The organization contracted with a professional employer organization (peo) for services, including but not limited to, payroll, timekeeping, employee benefits, hr administration and workforce regulatory compliance needs. As the employer of record for tax purposes, forms w-2 and w-3 are issued by the peo and filed under the peo's federal ein. In this co-employment arrangement, the organization is the common law employer and, accordingly, compensation is reported on form 990, part vii, section a and part ix, lines 5-10.”

“The organization has a committee that assumes responsibility for the oversight of the audit of its financial statements and the selection of an independent accountant. The process has not changed from the prior year.”