Civic Intelligence

Chicago Virtual Charter School

990 • Fiscal year 2016 • EIN 01-0863627

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 07, 2017

Organization ProfileWWW.CHICAGOVCS.ORG
38 South Peoria StreetChicago, IL 60607-2628

(312) 267-4486

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

92nd percentile

1.00x

Higher debt load relative to assets than 92% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

53rd percentile

0.21x

Higher debt load relative to revenue than 53% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

28th percentile

-4.3%

Higher net margin than 28% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

4th percentile

-24%

Faster asset growth than 4% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

29th percentile

-5.0%

Faster revenue growth than 29% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Down

$1,503,872

Down $462,175 (-24%) from 2015

Net Assets

Down

$1

Down $309,373 (-100%) from 2015

Liabilities

Down

$1,503,871

Down $152,802 (-9.2%) from 2015

Revenue And Expenses
Liabilities / Revenue53rd percentileNet Margin28th percentile

Revenue

Down

$7,238,504

Down $382,662 (-5.0%) from 2015

Expenses

Down

$7,547,877

Down $73,135 (-1.0%) from 2015

Net Income

Down

-$309,373

Down $309,527 (-200992%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth4th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $757,817Liabilities 2010: $505,719Net Assets 2010: $252,0982010Assets 2011: $790,866Liabilities 2011: $560,093Net Assets 2011: $230,7732011Assets 2012: $1,130,235Liabilities 2012: $899,312Net Assets 2012: $230,9232012Assets 2013: $929,167Liabilities 2013: $698,095Net Assets 2013: $231,0722013Assets 2014: $1,242,291Liabilities 2014: $933,071Net Assets 2014: $309,2202014Assets 2015: $1,966,047Liabilities 2015: $1,656,673Net Assets 2015: $309,3742015Assets 2016: $1,503,872Liabilities 2016: $1,503,871Net Assets 2016: $12016Assets 2017: $1,313,616Liabilities 2017: $1,029,762Net Assets 2017: $283,8542017Assets 2018: $1,774,789Liabilities 2018: $1,774,788Net Assets 2018: $12018Assets 2019: $1,978,402Liabilities 2019: $844,353Net Assets 2019: $1,134,0492019Assets 2020: $3,313,930Liabilities 2020: $1,063,695Net Assets 2020: $2,250,2352020

Highlighted filing

2016

Assets$1,503,872
Liabilities$1,503,871
Net Assets$1
Open 2016 Filing

Operations Trend

Revenue Growth29th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2010: $4,879,7912010Expenses 2011: $4,713,1262011Expenses 2012: $4,990,2602012Revenue 2013: $5,564,892Expenses 2013: $5,564,743Net Income 2013: $1492013Revenue 2014: $6,619,899Expenses 2014: $6,541,751Net Income 2014: $78,1482014Revenue 2015: $7,621,166Expenses 2015: $7,621,012Net Income 2015: $1542015Revenue 2016: $7,238,504Expenses 2016: $7,547,877Net Income 2016: -$309,3732016Revenue 2017: $7,228,931Expenses 2017: $6,945,078Net Income 2017: $283,8532017Revenue 2018: $8,083,769Expenses 2018: $8,367,622Net Income 2018: -$283,8532018Revenue 2019: $7,893,666Expenses 2019: $6,756,202Net Income 2019: $1,137,4642019Revenue 2020: $7,688,889Expenses 2020: $6,572,703Net Income 2020: $1,116,1862020

Highlighted filing

2016

Revenue$7,238,504
Expenses$7,547,877
Net Income-$309,373
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 7, 2017
Return Version
2015v3.0
Gross Receipts
$7,238,504
Mission and Program Overview

Mission

The Chicago Virtual Charter School was formed in 2006 as a tuition-free, public charter school that provides an individualized, high-quality education where parents parter with certified teacher.

The chicago virtual charter school was formed in 2006 as a tuition-free, public charter school that provides an individualized, high-quality education where parents partner with certified teachers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,397,047$671,048▼ $725,999
Accounts Receivable$290,804$560,226▲ $269,422
Savings and Temporary Cash Investments$241,931$242,028▲ $97
Prepaid Expenses and Deferred Charges$25,248$22,070▼ $3,178
Land, Buildings, and Equipment, Net$2,517$0▼ $2,517
Total Assets$1,966,047$1,503,872▼ $462,175
Other Assets Total$8,500$8,500→ $0
Liabilities
Accounts Payable and Accrued Expenses$1,656,673$1,503,871▼ $152,802
Total Liabilities$1,656,673$1,503,871▼ $152,802
Net Assets / Fund Balance
Unrestricted Net Assets$309,374$1▼ $309,373
Total Net Assets Fund Balance$309,374$1▼ $309,373
Total Liabilities and Net Assets / Fund Balance$1,966,047$1,503,872▼ $462,175

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$421,117$421,117
Compensation and Service Providers
Top Officer Pay19th percentile

Board Members and Trustees

NameTitle
Angela W Richardson-bryantPresident
Michael LucciPresident - Term
La Shone KellyvICE PRESIDENT
Dr Seth harkinsboarD MEMBER
Dr renee nashboarD MEMBER
austin bergboARD MEMBER
David QuBoard Member - Term
Woodger FaugasBoard Member - Term
Richard LebronHead of School
Elizabeth RothInterim Head of School - Term
lashonda miltonseCRETARY/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
K12 Classroom LLCManagement Serivces2300 CORPORATE PARK DRIVE SUITE 20, Herndon, VA 20171$4,017,634
Revenue and Support

Revenue Composition

Contributions and Grants
$7,236,901
Program Service Revenue
$0
Investment Income
$1,603
Other Revenue
$0
Change in Net Assets
$-309,373

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,238,504
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$69,525
Total Revenue per Audited Statements
$7,308,029
Total Revenue per Form 990
$7,238,504
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,566,034
Salaries, Compensation, and Employee Benefits$2,981,843
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,071,367--$2,071,367
Other Employee Benefits$910,476--$910,476
Information Technology$843,891--$843,891
Fees for Services Management-$711,522-$711,522
Fees for Services Other$223,186$58,153-$281,339
Occupancy$221,964--$221,964
Office Expenses$207,991$140-$208,131
Other Expenses$75,142--$75,142
All Other Expenses$74,154--$74,154
Insurance$23,519--$23,519
Travel$19,796--$19,796
Conferences and Meetings$4,408--$4,408
Depreciation Depletion$2,517--$2,517
Total Functional Expenses$6,778,062$769,815$0$7,547,877

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$7,617,402
Expenses per Audited Statements$7,547,877
Total Expenses per Form 990$7,547,877
Expenses Not Reported on Form 990$69,525
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, line 3

“The school has contracted with k12, inc., through its subsidiary, k12 classroom llc (collectively referred to as k12) to manage the school and provide educational and administrative services. The costs paid to k12 include computer leases, curriculum, educational materials, management fees, performance incentive fees, technology fees, and temporary teaching resources. Certain positions at the school are held by k12 employees, including the head of school, and may include individuals who received more than $100,000 in reportable compensation.”

Form 990, Part VI, Section B, line 11

“Management assists in preparing and then reviews a draft copy of form 990 prepared by the school's cpa firm. An electronic copy of form 990 is provided to all board members prior to filing with the irs.”

Form 990, Part VI, Section B, line 12C

“All employees of the school are given an employee handbook each year which discusses various policies, including conflict of interest. Management deals with any issues on a case by case basis as they arise. Board members also disclose annually interests that could give rise to conflicts. The school regularly and consistently monitors and enforces compliance with its conflict of interest policy.”

Form 990, Part VI, Section B, line 15

“The board of directors annually review compensation levels for all employees, including comparing to comparable positions at comparable organizations.”

Form 990, Part VI, Section C, line 19

“The school makes this information available upon request.”

Filing and Contact Details

Filer

Filer Name
Chicago Virtual Charter School
EIN
01-0863627
Phone
3122674486
Address
38 SOUTH PEORIA STREET, CHICAGO, IL 60607-2628

Signing Officer

Name
Angela W Richardson-Bryant
Title
Board President
Phone
3122674486
Signed
2017-02-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Angela W Richardson-Brya
Formed
2006
Legal Domicile
Il
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
9

Preparer

Firm
Ostrow Reisin Berk & Abrams Ltd
Address
455 N Cityfront Plaza Dr Suite 1500, Chicago, IL 60611
Preparer
James G Quaid
Phone
3126707444
Supplemental Narrative

Additional Explanations

Form 990 Part V, Line 2A

“The school contracts insperity, a professional employer organization, to perform certain duties such as processing payroll and producing related annual information returns such as form w-2. No forms w-2 are issued under the school's ein.”

FORM 990 PART IX #9 AND #10

“The school has contracted with insperity, a professional employer organization, to provide human resources services. The school pays insperity a service fee that includes both payroll taxes and employee benefits. A breakout between these amounts can not be determined.”

Financial Statement Notes

Part X, Line 2:

“The school is a tax-exempt organization as described in section 501(c)(3) of the internal revenue code (the code) and is exempt from federal income taxes on related income pursuant to section 501(a) of the code. In addition, the internal revenue service has determined that the school is not a private foundation within the meaning of section 509(a) of the code. The school has adopted the requirements for accounting for uncertain tax positions and management has determined that the school was not required to record a liability related to uncertain tax positions as of june 30, 2016 and 2015.”

Raw XML AppendixShowing 400 of 442 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1vICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2seCRETARY/treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3boARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4boarD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5boarD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6PRESIDENT - TERM
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER - TERM
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER - TERM
IRS990/Form990PartVIISectionAGrp/TitleTxt9HEAD OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt10INTERIM HEAD OF SCHOOL - TERM
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IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt08500
IRS990/OtherAssetsTotalGrp/EOYAmt08500
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0910476
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0910476
IRS990/OtherExpensesGrp/Desc0CURRICULUM
IRS990/OtherExpensesGrp/Desc1EDUCATIONAL MATERIALS
IRS990/OtherExpensesGrp/Desc2cps - admin fee
IRS990/OtherExpensesGrp/Desc3SPECIAL EDUCATION SVCS
IRS990/OtherExpensesGrp/ProgramServicesAmt01277824
IRS990/OtherExpensesGrp/ProgramServicesAmt1623239
IRS990/OtherExpensesGrp/ProgramServicesAmt2198588
IRS990/OtherExpensesGrp/ProgramServicesAmt375142
IRS990/OtherExpensesGrp/TotalAmt01277824
IRS990/OtherExpensesGrp/TotalAmt1623239
IRS990/OtherExpensesGrp/TotalAmt2198588
IRS990/OtherExpensesGrp/TotalAmt375142
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02071367
IRS990/OtherSalariesAndWagesGrp/TotalAmt02071367
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt025248
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt022070
IRS990/PrincipalOfficerNm0Angela W Richardson-Brya
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt07620298
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0868
IRS990/PYOtherExpensesAmt04934981
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0154
IRS990/PYSalariesCompEmpBnftPaidAmt02686031
IRS990/PYTotalExpensesAmt07621012
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07621166
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-309373
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0241931
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0242028
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt07236901
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt07620298
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt06541753
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt05472399
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt04983204
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt031854555
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01603
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0868
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0146
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0286
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0357
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt03260
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt078000
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt092207
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt06849
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0177056
IRS990ScheduleA/PublicSupportCY170Pct00.99440
IRS990ScheduleA/PublicSupportPY170Pct00.99410
IRS990ScheduleA/PublicSupportTotal170Amt031854555
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt07236901
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt07620298
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt06541753
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt05472399
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt04983204
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt031854555
IRS990ScheduleA/TotalSupportAmt032034871
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt069525
IRS990ScheduleD/DonatedServicesUseFcltsAmt069525
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0421117
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0421117
IRS990ScheduleD/ExpensesNotReportedAmt069525
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt07547877
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt069525
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt07238504
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL IS A TAX-EXEMPT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. IN ADDITION, THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE SCHOOL IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE CODE. THE SCHOOL HAS ADOPTED THE REQUIREMENTS FOR ACCOUNTING FOR UNCERTAIN TAX POSITIONS AND MANAGEMENT HAS DETERMINED THAT THE SCHOOL WAS NOT REQUIRED TO RECORD A LIABILITY RELATED TO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2016 AND 2015.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt07547877
IRS990ScheduleD/TotalRevenuePerForm990Amt07238504
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07308029
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07617402
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL FULLY DISCLOSES ITS NONDISCRIMINATORY POLICY TO ALL POTENTIAL STUDENTS. COPIES OF THIS POLICY CAN BE OBTAINED UPON REQUEST.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECEIVES FEDERAL AND STATE GRANTS THROUGH VARIOUS GOVERNMENTAL AGENCIES, INCLUDING CHICAGO PUBLIC SCHOOLS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL CONTRACTS INSPERITY, A PROFESSIONAL EMPLOYER ORGANIZATION, TO PERFORM CERTAIN DUTIES SUCH AS PROCESSING PAYROLL AND PRODUCING RELATED ANNUAL INFORMATION RETURNS SUCH AS FORM W-2. NO FORMS W-2 ARE ISSUED UNDER THE SCHOOL'S EIN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL HAS CONTRACTED WITH K12, INC., THROUGH ITS SUBSIDIARY, K12 CLASSROOM LLC (COLLECTIVELY REFERRED TO AS K12) TO MANAGE THE SCHOOL AND PROVIDE EDUCATIONAL AND ADMINISTRATIVE SERVICES. THE COSTS PAID TO K12 INCLUDE COMPUTER LEASES, CURRICULUM, EDUCATIONAL MATERIALS, MANAGEMENT FEES, PERFORMANCE INCENTIVE FEES, TECHNOLOGY FEES, AND TEMPORARY TEACHING RESOURCES. CERTAIN POSITIONS AT THE SCHOOL ARE HELD BY K12 EMPLOYEES, INCLUDING THE HEAD OF SCHOOL, AND MAY INCLUDE INDIVIDUALS WHO RECEIVED MORE THAN $100,000 IN REPORTABLE COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MANAGEMENT ASSISTS IN PREPARING AND THEN REVIEWS A DRAFT COPY OF FORM 990 PREPARED BY THE SCHOOL'S CPA FIRM. AN ELECTRONIC COPY OF FORM 990 IS PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL EMPLOYEES OF THE SCHOOL ARE GIVEN AN EMPLOYEE HANDBOOK EACH YEAR WHICH DISCUSSES VARIOUS POLICIES, INCLUDING CONFLICT OF INTEREST. MANAGEMENT DEALS WITH ANY ISSUES ON A CASE BY CASE BASIS AS THEY ARISE. BOARD MEMBERS ALSO DISCLOSE ANNUALLY INTERESTS THAT COULD GIVE RISE TO CONFLICTS. THE SCHOOL REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS ANNUALLY REVIEW COMPENSATION LEVELS FOR ALL EMPLOYEES, INCLUDING COMPARING TO COMPARABLE POSITIONS AT COMPARABLE ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE SCHOOL MAKES THIS INFORMATION AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE SCHOOL HAS CONTRACTED WITH INSPERITY, A PROFESSIONAL EMPLOYER ORGANIZATION, TO PROVIDE HUMAN RESOURCES SERVICES. THE SCHOOL PAYS INSPERITY A SERVICE FEE THAT INCLUDES BOTH PAYROLL TAXES AND EMPLOYEE BENEFITS. A BREAKOUT BETWEEN THESE AMOUNTS CAN NOT BE DETERMINED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 PART V, LINE 2A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990 PART IX #9 AND #10
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01966047
IRS990/TotalAssetsEOYAmt01503872
IRS990/TotalAssetsGrp/BOYAmt01966047
IRS990/TotalAssetsGrp/EOYAmt01503872
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt07236901
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0769815
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt06778062
IRS990/TotalFunctionalExpensesGrp/TotalAmt07547877
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01656673
IRS990/TotalLiabilitiesEOYAmt01503871
IRS990/TotalLiabilitiesGrp/BOYAmt01656673
IRS990/TotalLiabilitiesGrp/EOYAmt01503871
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0309374
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt06778062
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt01603
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt07238504
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01966047
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01503872
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt019796
IRS990/TravelGrp/TotalAmt019796

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,503,872
Liabilities
$1,503,871
Net assets
$1
Revenue
$7,238,504
Expenses
$7,547,877
Net income
-$309,373
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$3.31$1.06$2.25$7.69$6.57$1.12
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.98$0.84$1.13$7.89$6.76$1.14
2018Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.77$1.77$0.00$8.08$8.37$0.28
2017Detailed filing. Detailed filing data is available for this year.$1.31$1.03$0.28$7.23$6.95$0.28
2016Detailed filing. Detailed filing data is available for this year.$1.50$1.50$0.00$7.24$7.55$0.31
2015Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.97$1.66$0.31$7.62$7.62$0.00
2014Detailed filing. Detailed filing data is available for this year.$1.24$0.93$0.31$6.62$6.54$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.93$0.70$0.23$5.56$5.56$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.13$0.90$0.23$4.99
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.79$0.56$0.23$4.71
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.76$0.51$0.25$4.88