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PROFESSIONAL_SERVICESAPPROVED

Bronx Preparatory Charter School Charter Impact, LLC Agreement May 2026

Democracy Prep engages Charter Impact for financial management

1.25% of revenue per reporting unit; $79 per employee per month; expedited check fee $75 per check; monthly expenses capped at $500 without prior written approval; one-time $5,000 implementation fee waived; additional services billed at hourly rates ($100–$250/hour)Bronx Preparatory Charter SchoolCHARTER IMPACT LLCMay 1, 2026

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

Democracy Prep at the Agassi Campus enters into an Independent Consultant Services Agreement with Charter Impact, LLC to provide comprehensive business management, accounting, payroll, HR, and compliance support. Compensation is based on 1.25% of revenue per reporting unit plus per-employee payroll fees, with additional hourly services and capped reimbursable expenses over a base term from May 1, 2026 through June 30, 2029 and automatic one-year renewals thereafter.

Contract Details

Contract Amount

1.25% of revenue per reporting unit; $79 per employee per month; expedited check fee $75 per check; monthly expenses capped at $500 without prior written approval; one-time $5,000 implementation fee waived; additional services billed at hourly rates ($100–$250/hour)

Vendor

CHARTER IMPACT LLC

Agency

Bronx Preparatory Charter School, NY

Contract Type

PROFESSIONAL_SERVICES

Document Date

May 1, 2026

Contract Term

Beginning May 1, 2026 and ending June 30, 2029; automatically renewed for successive one-year terms unless either party gives at least 60 days’ notice before expiration of any term

Renewal Date

2029-06-30

Renewal Info

Initial term runs May 1, 2026 through June 30, 2029 and renews automatically for successive one-year terms unless either party provides at least 60 days’ written notice of intent not to renew before the expiration of any term. Pricing may be increased upon renewal and CI may pass through third-party cost increases during the term.

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