Camino Nuevo Charter Academy

“Pueblo nuevo education and development group (pnedg) is the sole corporate member of the organization.”

“Pnedg as the sole statutory member has the rights set forth in section 5056 of the california nonprofit corporation law and to approve any amendment to the organization's bylaws which would affect the rights of the sole statutory member.”

“The organization does not have any committee with 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.”

“Each director, officer and key employee shall annually sign a statement, which affirms that such person has received a copy of the camino nuevo charter academy (cnca) conflict of interest policy. The statement is distributed for signature and collected by the cnca board secretary during the initial board meeting of each fiscal year. Monitoring is performed regularly by the officers to identify potential conflicts of interest. Any question of a conflict is addressed with the interested person, who is 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 process includes the following elements: (1) review and approval by the board of directors, (2) use of data as to comparable compensation; and (3)contemporaneous documentation and recordkeeping. The compensation of the person is reviewed and approved by the board of directors provided that persons with conflicts of interest with regard to the compensation arrangement at issue are not involved in this review or approval. Comparable compensation data for similarly qualified persons in functionally comparable positions at similary situated organizations are used in determining compensation. The process described here was last completed in 2024.”

“Binders containing governance policies, board agendas, minutes, and financial reports are all available at the cnca home support office located at 3435 w. Temple st. Los angeles, ca 90026.”

“Special education services: program service expenses 3,084,040. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,084,040. Other fees for services: program service expenses 3,298,107. Management and general expenses 986,944. Fundraising expenses 0. Total expenses 4,285,051. Other student instructional services: program service expenses 3,681,033. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,681,033.”

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