Multicultural Learning Center

“There are no committees with the authority to act on behalf of the governing board.”

“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.”

“Monitoring is performed regularly by the officers to identify potential conflicts of interest. Any question of a conflict is addressed with the board members, officers, employees, etc., who are required to disclose the existence of any financial interest and be afforded the opportunity to disclose all material facts to the board and executive director. If a conflict of interest is identified, the appropriate action is taken, including limitations to the individual's influence on related business matters.”

“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 officers and key employees' 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 officers and key employees' compensation as a direct action. The process described here was last completed in 2021 and will be redone in 2025.”

“The organization's governing documents, conflict of interest policy, and financial statements are available upon request.”

“Consulting - instructional: program service expenses 987,695. Management and general expenses 0. Fundraising expenses 0. Total expenses 987,695. Special education instructors: program service expenses 251,740. Management and general expenses 0. Fundraising expenses 0. Total expenses 251,740. Other fees for services: program service expenses 403,021. Management and general expenses 133,646. Fundraising expenses 0. Total expenses 536,667. Consulting - noninstructional: program service expenses 0. Management and general expenses 496,463. Fundraising expenses 0. Total expenses 496,463. Food services: program service expenses 345,437. Management and general expenses 0. Fundraising expenses 0. Total expenses 345,437. Subsitutes: program service expenses 168,702. Management and general expenses 0. Fundraising expenses 0. Total expenses 168,702.”

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