Bridges Preparatory Academy

“The organization does not have any committees with the authority to act on behalf of the governing body.”

“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.”

“The organization has adopted and follows a written conflict of interest policy that complies with california education code section 47604.1 and applicable state and federal requirements. For purposes of the policy, interested persons are defined as members of the governing board and employees of the organization. The policy requires all interested persons to disclose any actual or potential conflicts of interest on an annual basis and to update such disclosures as circumstances change. Disclosures include financial interests and relationships that could reasonably be expected to give rise to a conflict. When a potential conflict of interest is identified, the interested person is required to recuse themselves from discussion, deliberation, and voting on the matter. The governing board reviews disclosed conflicts in accordance with the policy and determines whether any transaction is fair, reasonable, and in the best interests of the organization. If a conflict of interest is identified, the appropriate action is taken, including limitations to the individual's influence on related business matters. Compliance with the conflict of interest policy is monitored by the governing board, and disclosures, recusals, and related determinations are documented in the organization's records.”

“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 organization posts their governing documents, conflict of interest policy, and audited financial statements on the organization's website.”

“Special education services: program service expenses 26,398. Management and general expenses 37,244. Fundraising expenses 0. Total expenses 63,642. Pd consultants & tuition: program service expenses 30,055. Management and general expenses 42,403. Fundraising expenses 0. Total expenses 72,458. All other consultants & services: program service expenses 79,646. Management and general expenses 112,370. Fundraising expenses 0. Total expenses 192,016.”

“The process for oversight and selection of an independent accountant has not changed from the prior year.”