ClassWallet April Newsletter – Busy Month, SOC 2 Type II Compliance


From the CEO


The past several weeks have been busy for ClassWallet as we have been chosen to partner with several states in helping them deploy emergency relief funds for a variety of programs.

    • New Hampshire’s Department of Education selected ClassWallet to administer a program to fund summer camp programming for students (read more here).
    • ClassWallet signed agreements with South Carolina, Florida, and Arkansas, to administer the distribution of some $270 million of Emergency Assistance for Nonpublic Schools (EANS) funding.

In addition, we’ve seen our footprint expand in new and existing states. Public education is facing unprecedented challenges. ClassWallet is honored to partner with these agencies as they prepare for the months and years ahead.

CEO, ClassWallet

Exciting News

ClassWallet Is Now An Accredited SOC 2 Type II Compliant Service Provider

SOC stands for “System and Organization Controls.” It is a series of standards designed to measure how well a given service organization conducts and regulates clients’ data regarding services, operations, and compliance. The AICPA (American Institute of CPAs) defines and manages the standards that comprise SOC. A SOC 2 audit report shows the trustworthiness of the services ClassWallet provides and the presence of proper and robust internal controls and security processes both in design and implementation. Read more to learn how this accreditation is important to you!

New Customers

ClassWallet would like to welcome the following new customers since our last newsletter. Thank you for choosing us to be your partner.
    • Golden Plains Unified (CA)
    • West Feliciana Parish School Board (LA)
    • Chavez Huerta K12 Preparatory Academy (CO)
    • Chavez Huerta K12 Preparatory Academy (CO)
    • Clay County Board of Education (AL)
    • South Sanpete School District (UT)
    • South Carolina Department of Education
    • Florida Department of Education
    • Arkansas Department of Education
    • Hawaii Kids Can (HI)
    • New Hampshire Department of Education (NH)

Upcoming Events

Alabama ASBO 2021 Annual Conference

Dates: 05/04/2021 – 05/07/2021 Location: Perdido Beach Resort, Orange Beach, AL

Midwest Facility Masters 2021 Conference

Dates: 06/10/2021 – 06/11/2021 Location: Kalahari (1305 Kalahari Drive, Wisconsin Dells, WI 53965) & Virtual

ClassWallet addresses the pain of managing checks, reimbursements, paper receipts, and the paperwork associated with tracking expenditures for school systems. The platform makes the accounting and audit trail very easy and helps reduce administrative costs.