Civic Intelligence

Chicago Virtual Charter School

990 • Fiscal year 2020 • EIN 01-0863627

Jul 01, 2019 to Jun 30, 2020 • Filed on May 15, 2021

Organization Profilecvcschool.org
38 South Peoria StreetChicago, IL 60607

(312) 267-4486

Siviq Scores

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

Liabilities / Assets

64th percentile

0.32x

Higher debt load relative to assets than 64% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

38th percentile

0.14x

Higher debt load relative to revenue than 38% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

69th percentile

15%

Higher net margin than 69% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

92nd percentile

68%

Faster asset growth than 92% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

39th percentile

-2.6%

Faster revenue growth than 39% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets64th percentile

Assets

Up

$3,313,930

Up $1,335,528 (+68%) from 2019

Net Assets

Up

$2,250,235

Up $1,116,186 (+98%) from 2019

Liabilities

Up

$1,063,695

Up $219,342 (+26%) from 2019

Revenue And Expenses
Liabilities / Revenue38th percentileNet Margin69th percentile

Revenue

Down

$7,688,889

Down $204,777 (-2.6%) from 2019

Expenses

Down

$6,572,703

Down $183,499 (-2.7%) from 2019

Net Income

Down

$1,116,186

Down $21,278 (-1.9%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth92nd 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

2020

Assets$3,313,930
Liabilities$1,063,695
Net Assets$2,250,235
Open 2020 Filing

Operations Trend

Revenue Growth39th 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

2020

Revenue$7,688,889
Expenses$6,572,703
Net Income$1,116,186
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 15, 2021
Return Version
2019v5.1
Gross Receipts
$7,688,889
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,651,110$2,989,468▲ $1,338,358
Land, Buildings, and Equipment, Net$308,609$183,972▼ $124,637
Accounts Receivable$10,183$131,990▲ $121,807
Total Assets$1,978,402$3,313,930▲ $1,335,528
Other Assets Total$8,500$8,500→ $0
Liabilities
Accounts Payable and Accrued Expenses$844,353$1,063,695▲ $219,342
Total Liabilities$844,353$1,063,695▲ $219,342
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,134,049$2,250,235▲ $1,116,186
Total Net Assets Fund Balance$1,134,049$2,250,235▲ $1,116,186
Total Liabilities and Net Assets / Fund Balance$1,978,402$3,313,930▲ $1,335,528

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$183,972$660,287$844,259
Other Assets Org$8,500--
Compensation and Service Providers
Top Officer Pay21st percentile

Board Members and Trustees

NameTitle
Carolyn LevysteinAcademic Chair
Roy HamiltonPresident
Brent HabliebSecretary
Lori LypsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$7,601,636
Program Service Revenue
$0
Investment Income
$495
Other Revenue
$86,758
Change in Net Assets
$1,116,186

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,688,889
Total Revenue per Audited Statements
$7,688,889
Total Revenue per Form 990
$7,688,889
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,471,905
Other Expenses$2,100,798
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,503,749--$3,503,749
Other Employee Benefits$968,156--$968,156
All Other Expenses$129,725$168,560-$298,285
Occupancy$271,267--$271,267
Other Expenses$179,195$403,801-$179,195
Depreciation Depletion$129,681--$129,681
Information Technology$29,242--$29,242
Insurance$26,907--$26,907
Office Expenses$23,153--$23,153
Conferences and Meetings-$21,424-$21,424
Total Functional Expenses$5,978,918$593,785$0$6,572,703

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,572,703
Total Expenses per Audited Statements$6,572,703
Total Expenses per Form 990$6,572,703
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 35% controlled entity
No
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
No

Governance Explanations

Form 990 governing body review Part VI line 11

“The governing body reviews and approves the return prior to submission.”

Conflict of interest policy compliance Part VI line 12C

“All employees of the School are given an employe handbook each year which dicusses 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.”

CEO executive director top management comp Part VI line 15A

“The Board of Directors annual review compensation levels for all employees including comparing to comparable positions at comparable organizations.”

Other officer or key employee compensation Part VI line 15B

“The Board of Directors annual review compensation levels for all employees including comparing to comparable positions at comparable organizations.”

Form 990 availability to public Part VI line 18

“The School makes this information available upon request.”

Governing documents etc available to public Part VI line 19

“The School makes this information available upon request.”

Filing and Contact Details

Filer

Filer Name
Chicago Virtual Charter School
EIN
01-0863627
Address
38 South Peoria Street, Chicago, IL 60607

Signing Officer

Name
Vikki Stokes
Title
President
Phone
3122674486
Signed
2021-05-15
Discuss with paid preparer
No

Organization Details

Formed
2006
Legal Domicile
Il
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Benford Brown & Associates LLC
Address
8334 South Stony Island Ave, Chicago, IL 60617
Preparer
Marcus Gulley
Phone
7737311300
Supplemental Narrative

Additional Explanations

Audited by an independent accountant Part XII line 2B

“Books are audited by an independent auditor.”

Raw XML Appendix335 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The governing body reviews and approves the return prior to submission.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All employees of the School are given an employe handbook each year which dicusses 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/ExplanationTxt2The Board of Directors annual review compensation levels for all employees including comparing to comparable positions at comparable organizations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Board of Directors annual review compensation levels for all employees including comparing to comparable positions at comparable organizations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The School makes this information available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The School makes this information available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Books are audited by an independent auditor.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990 availability to public Part VI line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Audited by an independent accountant Part XII line 2b
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IRS990/TotalAssetsGrp/BOYAmt01978402
IRS990/TotalAssetsGrp/EOYAmt03313930
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt07601636
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0593785
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt05978918
IRS990/TotalFunctionalExpensesGrp/TotalAmt06572703
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0844353
IRS990/TotalLiabilitiesEOYAmt01063695
IRS990/TotalLiabilitiesGrp/BOYAmt0844353
IRS990/TotalLiabilitiesGrp/EOYAmt01063695
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01134049
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02250235
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt05978918
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt087253
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt07688889
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01978402
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03313930
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0cvcschool.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Vikki Stokes
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum03122674486
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Chicago Virtual Charter School
ReturnHeader/Filer/BusinessNameControlTxt0CHIC
ReturnHeader/Filer/EIN0010863627
ReturnHeader/Filer/USAddress/AddressLine1Txt038 South Peoria Street
ReturnHeader/Filer/USAddress/CityNm0Chicago
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060607
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0364124699
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Benford Brown & Associates LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt08334 South Stony Island Ave
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Chicago
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060617
ReturnHeader/PreparerPersonGrp/PhoneNum07737311300
ReturnHeader/PreparerPersonGrp/PreparationDt02021-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Marcus Gulley
ReturnHeader/ReturnTs02021-05-15T16:46:26-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,313,930
Liabilities
$1,063,695
Net assets
$2,250,235
Revenue
$7,688,889
Expenses
$6,572,703
Net income
$1,116,186
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
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • 501(c)3 • $5M-$10M nonprofits