Value Schools

“There are no committees that have 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 determine based on data provided by external charter management organizations and through comparison studies of other charter schools. The process described here was last completed in 2023.”

“The governing documents, conflict of interest policy are made available to the public upon request. All board of directors' meeting agendas and minutes, along with financial statements and copporate documents are available on the organization's website.”

“Substitutes: program service expenses 921,994. Management and general expenses 0. Fundraising expenses 0. Total expenses 921,994. Special education: program service expenses 1,350,823. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,350,823. All other services: program service expenses 1,236,852. Management and general expenses 741,160. Fundraising expenses 0. Total expenses 1,978,012.”

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