Brick Buffalo Academy Charter School

“The school utilizes an outside charter management organization (cmo) service to perform day to day accounting and daily managerial and financial duties of an executive director that would have normally been performed by an employee of the school. Antwan barlow is an employee of the cmo agency and was not paid directly by the school for work performed.”

“The finance committee reviews the draft 990 before it is filed. The entire form 990 is emailed to all board members prior to filing with the irs.”

“The conflict of interest policy is distributed to officers, board members and key employees annually. After reviewing, board members and key employees fill out annual conflict of interest certification forms in which they disclose any conflicts of interest and prohibited excess benefit transactions. The executive assistant to the executive director is responsible for ensuring that all board members and key employees complete their forms and for reviewing the executed forms for any problematic conflict of interest.”

“The board of trustees approves the salary for principals. The compensation for these position must take into consideration the candidate or employee's years of experience and his or her ability to meet the standards set by brick buffalo academy charter school for the position. Once the salary is set, subsequent increases generally follow increases afforded to the rest of the staff. Acknowledgement of extraordinary performance are recognized through bonuses.”

“Documents are available at the organization's main office upon request during normal business hours.”

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

“Other professional services: program service expenses 222,802. Management and general expenses 56,395. Fundraising expenses 0. Total expenses 279,197.”

“The audit committee meets annually to review their process for selecting an independent auditor to assist with the presentation of the organization's financial information. In addition, their oversight process helps maintain internal controls to prevent financial misstatement, ensuring that the financial statements are free from material errors, and present a clear and appropriate communication of the organization's financial position and activities for the year. What is currently on the draft is applicable in future years.”