The charter under which a charter school operates is a contract between the sponsor and the governing board of the school. The governing board of a charter school is a non-profit organization that is responsible for the academic and financial success of the school. Each school’s governing board operates under the conditions set out in its Articles of Incorporation and Bylaws.
Current Governing Board members KIPP Endeavor Academy are:
Clyde Irvin President
Linda Edgely Secretary
Blaine Clark Treasurer
Mark C. Tolbert
The Governing Board meets monthly–in person every three months and online the alternate months.
The board is responsible for approving the annual budget, approving monthly financial statements and expenditures, approving school policies, and monitoring the performance of the school on an ongoing basis.
A charter school must operate in a fiscally sound manner. The State of Missouri requires that a charter school maintain at least a 3% fund balance. Additionally, a charter school must use standard accounting practices and have adequate internal controls in all financial and procurement procedures.
Lee A Tolbert Academy complies with these requirements. Links to the current Audit and Annual Secretary of the Board Report are provided below.
Charter schools operate under a charter, or agreement, that details their program and expected outcomes. Following are links to the charter and other documents under which Lee A Tolbert Community Academy operates.
Performance Contract (page 51 of Charter above)