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Excel Academy Rhode Island

Finance Committee Meeting

Published on February 18, 2026 at 12:55 PM EST

Date and Time

Thursday April 25, 2024 at 6:30 PM EDT

Location

Excel Academy Rhode Island

622 Woonasquatucket Ave.

North Providence, RI 02911

Meeting Notice Posted Publicly: 4/23/24

 

Please note: All items listed on the agenda are subject to a possible vote by the Board of Trustees or its subcommittees.

Agenda

Section Number Topic Number Details Purpose Presenter Time
I. Opening Items 6:30 PM
  A. Record Attendance Discuss Arthur Kaynor
  B. Call the Meeting to Order Discuss Chiv Heng 1 m
  C. Public Comment Discuss Arthur Kaynor
  D. Approve Minutes for 4.27.23 Finance Committee Meeting Approve Minutes Arthur Kaynor 1 m
II. Finance 6:32 PM
  A. Approve 990 tax return Vote Arthur Kaynor 3 m
   

Notes:

  • As a 501(c)3 non-profit, XLRI files a 990 tax return each year with the IRS, which is due by 5/15/24.
  • This 990 tax return has been reviewed by our Director of Accounting, our Chief Financial Officer, and our auditors.
  • While the format is different, the 990 contains financial and compliance information similar to what was already reviewed and approved by the Board as part of the annual audit earlier this school year.
  • At the 4/25/24 Board of meeting, we recommend a vote by the Board to delegate to the Finance Committee to approve the 990 tax return each year. Given that this is the first time the XLRI Board is approving a 990, we also sent it to the full Board in advance, in order to give everyone a chance to review first and ask questions.
  
  B. Update on FY24 budget trending and FY25 draft budget Discuss Aaron Stelson 20 m
  C. Update on long-term financial model Discuss Aaron Stelson 20 m
III. Other Business
 

N/A - No discussion or voting topics for this meeting

  
IV. Closing Items
  A. Adjourn Meeting Vote Chiv Heng

The public is welcome to attend any meeting of the Board of Trustees or its subcommittees. If communication assistance (readers/ interpreters/captions) or any other accommodations are needed to ensure equal participation, please contact Arthur Kaynor at 781.526.6927 at least two (2) business days prior to the meeting. Any changes in the agenda will be posted on Excel Academy Charter School’s website, Excel’s principal place of business, and will be electronically filed with the Secretary of State at least forty-eight (48) hours in advance of the meeting. If you would like to attend a Board meeting and provide public comment, please sign up 48 hours in advance here: https://forms.gle/7315BJ7v1bHGGh2Q9.

 

Excel Academy does not discriminate on the basis of race or color, religion, sex, sexual orientation, gender identity or expression, disability, age, country of ancestral origin, or veteran status in administration of its admissions or educational policies, curricular programs, other school-administered programs, or in its hiring and employment practices in accordance with applicable federal, Massachusetts, and Rhode Island laws and regulations.