On December 18, 2023, NASCO reported on a settlement entered into by Gateway Stem Academy in an article titled, “Attorney General Ellison reaches settlement with charter school over misuse of funds by three former leaders.” For more information regarding this matter, please see NASCO article.
For more information about our alerts methodology, see here.
Total Revenue Amount | Expectation to Receive Credit |
$2 million or higher and 40% or higher donor support | Expected to complete an audit and have an audit oversight committee |
$1 million or higher | Expected to complete an audit |
$500,000 - $1 million | Expected to complete an audit, review, or compilation |
Less than $500,000 | No expectation (removed from scoring methodology) |