Teach Inc

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

“Assemble a review team: include the back office finance team, executive director, cfo, and external accountant. Gather documentation: collect audited financials, grants, payroll, donor records, and policy documents. Draft preparation: work with a tax preparer to align the form with financial statements and classify revenue (e.g., grants as contributions or program revenue). Detailed review: verify program accomplishments, revenue/expense allocations, compensation, and reconciliation with financials. Finance committee review: present the draft to the finance committee and board for feedback and approval. Final review and submission: double-check for accuracy, include all schedules, and e-file the form. Post-filing: share the approved 990 with stakeholders and ensure public accessibility.”

“Monitoring is performed regularly by the officers to identify potential conflicts of interest. There are eight different interested persons categories which each category having different financial interest requirements and disclosures regarding their level and responsibilities. The board or designated committee reviews any conflicts presented by interested parties. The chairperson appoints a disinterested person or committee to investigate the transaction in question and report findings to the board. Alternatives to the proposed transaction are identified and compared to the proposed transaction. The board votes on the most beneficial option for the organization. If the board has reason to believe an interest person has failed to disclose the potential conflict, the board will investigate further and if necessary, take appropriate disciplinary and corrective action.”

“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 board must vote to approve the officers and key employees' compensation. The process described here was last completed in 2024.”

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

“Food services: program service expenses 1,243,348. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,243,348. Special education: program service expenses 1,140,703. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,140,703. Selpa fees: program service expenses 753,447. Management and general expenses 0. Fundraising expenses 0. Total expenses 753,447. Substitute teacher: program service expenses 655,514. Management and general expenses 0. Fundraising expenses 0. Total expenses 655,514. Other fees for services: program service expenses 1,077,596. Management and general expenses 92,087. Fundraising expenses 0. Total expenses 1,169,683.”

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