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        <ExplanationTxt>NISN IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ON ALL INCOME EXCEPT UNRELATED BUSINESS INCOME. NISN EVALUATES UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH ASC 450, ACCOUNTING FOR CONTINGENCIES, WHEREBY THE EFFECT OF THE UNCERTAINTIES IN TAX POSITIONS WOULD BE RECORDED IF THE OUTCOME WAS CONSIDERED PROBABLE AND REASONABLY ESTIMABLE. NISN BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. NISN'S OPEN AUDIT PERIODS ARE FISCAL YEAR 2021 AND THEREAFTER.</ExplanationTxt>
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        <ExplanationTxt>NISN MAINTAINS DETAILED RECORDS OF ALL AWARDS TO INDIVIDUALS, EACH APPLICANT IS REQUIRED TO COMPLETE AN APPLICATION PROCESS THAT ALSO REQUIRES COMMITTEE APPROVAL.</ExplanationTxt>
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        <ExplanationTxt>NISN'S MISSION IS TO TRANSFORM INDIGENOUS EDUCATION BY ENGAGING COMMUNITIES, BUILDING NETWORKED SCHOOLS OF ACADEMIC EXCELLENCE AND CULTURAL RELEVANCE, AND SERVING INDIGENOUS STUDENTS FROM EARLY LEARNING TO ADULTHOOD SO THAT THEY ARE SECURE IN THEIR IDENTITY, HEALTHY, AND HOLISTICALLY PREPARED AS LIFELONG LEARNERS AND LEADERS IN THEIR COMMUNITIES.</ExplanationTxt>
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        <ExplanationTxt>THE BOARD REVIEWED EXTERNAL SALARY DATA OF THE OTHER LARGE CHARTER NETWORKS, LOCAL SUPERINTENDENTS, AND LOCAL STATE ADMINISTRATORS. THE EXECUTIVE DIRECTOR'S SALARY WAS ADJUSTED BASED ON THE DATA REVIEWED.</ExplanationTxt>
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        <ExplanationTxt>DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST AND CAN BE ACCESSED ON CERTAIN WEBSITES.</ExplanationTxt>
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