Civic Intelligence

National Education Solutions

EIN 06-1703957 • 501(c)3 • Lakewood, CO

Profile

To engage and inspire all students to innovate, achieve, and succeed in a safe and supportive environment by ensuring high quality instruction in every classroom, every day.

1526 Cole Blvd No 200Lakewood, CO 80401

www.coloradovirtualacademy.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

62nd percentile

0.06x

Higher debt load relative to assets than 62% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

100th percentile

66.52x

Higher debt load relative to revenue than 100% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

1st percentile

-32141%

Higher net margin than 1% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

11th percentile

-28%

Faster asset growth than 11% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

17th percentile

-20%

Faster revenue growth than 17% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Down

$990,952

Down $383,388 (-28%) from 2015

Liabilities

Down

$58,070

Down $102,798 (-64%) from 2015

Net Assets

Down

$932,882

Down $280,590 (-23%) from 2015

Revenue

Down

$873

Down $224 (-20%) from 2015

Expenses

Down

$281,463

Down $479,371 (-63%) from 2015

Net Income

Up

-$280,590

Up $479,147 (+63%) from 2015

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $6,483,629Liabilities 2011: $3,567,604Net Assets 2011: $2,916,0252011Assets 2012: $6,683,840Liabilities 2012: $3,648,382Net Assets 2012: $3,035,4582012Assets 2013: $6,863,872Liabilities 2013: $3,799,877Net Assets 2013: $3,063,9952013Assets 2014: $6,916,086Liabilities 2014: $4,942,877Net Assets 2014: $1,973,2092014Assets 2015: $1,374,340Liabilities 2015: $160,868Net Assets 2015: $1,213,4722015Assets 2016: $990,952Liabilities 2016: $58,070Net Assets 2016: $932,8822016

Highlighted filing

2016

Assets$990,952
Liabilities$58,070
Net Assets$932,882

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$40M$30M$20M$10M$0-$10MExpenses 2011: $30,798,7122011Expenses 2012: $28,798,0512012Revenue 2013: $27,645,807Expenses 2013: $27,617,270Net Income 2013: $28,5372013Revenue 2014: $16,370,163Expenses 2014: $17,460,949Net Income 2014: -$1,090,7862014Revenue 2015: $1,097Expenses 2015: $760,834Net Income 2015: -$759,7372015Revenue 2016: $873Expenses 2016: $281,463Net Income 2016: -$280,5902016

Highlighted filing

2016

Revenue$873
Expenses$281,463
Net Income-$280,590

Filings

Latest Detailed Filing

The latest 2016 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2014 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 28, 2015
Return Version
2013v4.0
Gross Receipts
$16,370,163
Mission and Program Overview

Mission

To engage and inspire all students to innovate, achieve, and succeed in a safe, supportive and high quality educational environment.

The colorado virtual academy gives colorado kids in grades k-12 the chance to learn in the ways that are right for them.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$6,809,510$6,683,674▼ $125,836
Accounts Receivable-$135,119-
Cash and Non-Interest-Bearing Accounts$45,000$45,000→ $0
Land, Buildings, and Equipment, Net$9,362$31,115▲ $21,753
Prepaid Expenses and Deferred Charges-$21,178-
Total Assets$6,863,872$6,916,086▲ $52,214
Liabilities
Accounts Payable and Accrued Expenses$3,575,220$4,912,513▲ $1,337,293
Other Liabilities$224,657$30,364▼ $194,293
Total Liabilities$3,799,877$4,942,877▲ $1,143,000
Net Assets / Fund Balance
Unrestricted Net Assets$1,073,832$1,184,980▲ $111,148
Temporarily Rstr Net Assets$1,990,163$788,229▼ $1,201,934
Total Net Assets Fund Balance$3,063,995$1,973,209▼ $1,090,786
Total Liabilities and Net Assets / Fund Balance$6,863,872$6,916,086▲ $52,214

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$27,667$5,533$33,200
Equipment$3,448$14,293$17,741
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ron BentonCEOFT$60,000$15,379$75,379

Board Members and Trustees

NameTitle
Brian BissellPresident
Dave FosterDirector
Lew TaylorDirector
Caitlin AlexanderTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
K-12 IncManagement Services-$11,651,728
Revenue and Support

Revenue Composition

Contributions and Grants
$16,361,844
Program Service Revenue
$0
Investment Income
$8,319
Other Revenue
$0
Change in Net Assets
$-1,090,786

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,721,854
Revenue Not Reported on Financial Statements
$648,309
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$648,309
Total Revenue per Audited Statements
$15,721,854
Total Revenue per Form 990
$16,370,163
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$13,617,752
Salaries, Compensation, and Employee Benefits$3,843,197
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$8,596,548$3,406,683-$12,003,231
Other Salaries and Wages$2,561,173$314,682-$2,875,855
Other Employee Benefits$725,267$166,696-$891,963
Fees for Services Legal-$457,475-$457,475
Information Technology$270,005--$270,005
All Other Expenses-$147,149-$147,149
Insurance$101,361$27,212-$128,573
Occupancy-$102,096-$102,096
Travel$87,107--$87,107
Current Officers, Directors, Trustees, and Key Employees$60,303$15,076-$75,379
Other Expenses$57,985$52,730-$52,730
Depreciation Depletion-$11,448-$11,448
Office Expenses-$3,359-$3,359
Total Functional Expenses$12,663,582$4,797,367$0$17,460,949

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$17,460,949
Expenses per Audited Statements$16,812,640
Total Expenses per Audited Statements$16,812,640
Expenses Not Reported on Financial Statements$648,309
Other Expense Adjustments$648,309
Expenses Not Reported on Form 990$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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Reserve for State Equalization Payable$30,364
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Other officer compensation reviewed
No
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 2

All of our board members are also directors or officers of other schools and/or are engaged in businesses related to or compatible with the education and youth services industries. As such, they frequently conduct business with each other and on the same terms and conditions as they conduct business with others.

Form 990, Part VI, Section A, Line 3

The organization delegates control over management duties to k12, inc.

Form 990, Part VI, Section B, Line 11

The treasurer reviews the form 990 in detail. The board members are provided a copy and asked to review and provide feedback before filing.

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

Annually, any conflicts are written in a disclosure statement and signed and kept on file.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available upon request.

Filing and Contact Details

Filer

EIN
06-1703957
Phone
8663396814

Signing Officer

Name
Caitlin Alexander
Title
Treasurer
Phone
3032554650
Signed
2015-05-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Caitlin Alexander
Formed
2008
Legal Domicile
Co
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
5

Preparer

Preparer
Ve Shoup CPA
Phone
3037795710
Supplemental Narrative

Additional Explanations

FORM 990, PAGE 5, LINE 2A:

The organization's payroll is paid by adams 12 five star schools who issues the w-2's. Since the organization does not issue any w-2's, it has reported 0 on line 2a.

Form 990, Part IX, Line 11G

Professional and technical services: program service expenses 1,777,796. Management and general expenses 18,310. Fundraising expenses 0. Total expenses 1,796,106. Professional educational services: program service expenses 6,811,270. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,811,270. Other services: program service expenses 7,482. Management and general expenses 147,283. Fundraising expenses 0. Total expenses 154,765. Professional administrative services: program service expenses 0. Management and general expenses 3,241,090. Fundraising expenses 0. Total expenses 3,241,090.

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Operating grants reported as reduction in expenses on financial statements 648,309.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Operating grants reported as reduction in expenses on financial statements 648,309.

Raw XML Appendix387 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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IRS990ScheduleD/TotalExpensesPerForm990Amt017460949
IRS990ScheduleD/TotalLiabilityAmt030364
IRS990ScheduleD/TotalRevenuePerForm990Amt016370163
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt015721854
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt016812640
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/ExplanationTxt0TELEVISION, RADIO AND NEWSPAPERS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1COVCS, INC. RECEIVES MONIES FROM ADAMS 12 FIVE STAR SCHOOL DISTRICT.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S PAYROLL IS PAID BY ADAMS 12 FIVE STAR SCHOOLS WHO ISSUES THE W-2'S. SINCE THE ORGANIZATION DOES NOT ISSUE ANY W-2'S, IT HAS REPORTED 0 ON LINE 2A.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL OF OUR BOARD MEMBERS ARE ALSO DIRECTORS OR OFFICERS OF OTHER SCHOOLS AND/OR ARE ENGAGED IN BUSINESSES RELATED TO OR COMPATIBLE WITH THE EDUCATION AND YOUTH SERVICES INDUSTRIES. AS SUCH, THEY FREQUENTLY CONDUCT BUSINESS WITH EACH OTHER AND ON THE SAME TERMS AND CONDITIONS AS THEY CONDUCT BUSINESS WITH OTHERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION DELEGATES CONTROL OVER MANAGEMENT DUTIES TO K12, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE TREASURER REVIEWS THE FORM 990 IN DETAIL. THE BOARD MEMBERS ARE PROVIDED A COPY AND ASKED TO REVIEW AND PROVIDE FEEDBACK BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ANNUALLY, ANY CONFLICTS ARE WRITTEN IN A DISCLOSURE STATEMENT AND SIGNED AND KEPT ON FILE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PROFESSIONAL AND TECHNICAL SERVICES: PROGRAM SERVICE EXPENSES 1,777,796. MANAGEMENT AND GENERAL EXPENSES 18,310. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,796,106. PROFESSIONAL EDUCATIONAL SERVICES: PROGRAM SERVICE EXPENSES 6,811,270. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,811,270. OTHER SERVICES: PROGRAM SERVICE EXPENSES 7,482. MANAGEMENT AND GENERAL EXPENSES 147,283. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 154,765. PROFESSIONAL ADMINISTRATIVE SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 3,241,090. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,241,090.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 5, LINE 2A:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt01990163
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0788229
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt06863872
IRS990/TotalAssetsEOYAmt06916086
IRS990/TotalAssetsGrp/BOYAmt06863872
IRS990/TotalAssetsGrp/EOYAmt06916086
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt016361844
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt04797367
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt012663582
IRS990/TotalFunctionalExpensesGrp/TotalAmt017460949
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03799877
IRS990/TotalLiabilitiesEOYAmt04942877
IRS990/TotalLiabilitiesGrp/BOYAmt03799877
IRS990/TotalLiabilitiesGrp/EOYAmt04942877
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03063995
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01973209
IRS990/TotalOtherCompensationAmt015379
IRS990/TotalProgramServiceExpensesAmt012663582
IRS990/TotalReportableCompFromOrgAmt060000
IRS990/TotalRevenueGrp/ExclusionAmt08319
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt016370163
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06863872
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06916086
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt087107
IRS990/TravelGrp/TotalAmt087107
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01073832
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01184980
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine101526 COLE BLVD NO 200
IRS990/USAddress/City0LAKEWOOD
IRS990/USAddress/State0CO
IRS990/USAddress/ZIPCode080401
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.COLORADOVIRTUALACADEMY.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CAITLIN ALEXANDER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03032554650
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-05-28
ReturnHeader/Filer/BusinessName/BusinessNameLine10COVCS INC
ReturnHeader/Filer/BusinessNameControlTxt0COVC
ReturnHeader/Filer/EIN0061703957
ReturnHeader/Filer/PhoneNum08663396814
ReturnHeader/Filer/USAddress/AddressLine101526 COLE BLVD NO 200
ReturnHeader/Filer/USAddress/City0LAKEWOOD
ReturnHeader/Filer/USAddress/State0CO
ReturnHeader/Filer/USAddress/ZIPCode080401
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0410746749
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10CLIFTON GUNDERSON LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine108390 E CRESCENT PARKWAY SUITE 600
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0GREENWOOD VILLAGE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode080111
ReturnHeader/PreparerPersonGrp/PhoneNum03037795710
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0VE SHOUP CPA
ReturnHeader/ReturnTs02015-05-28T10:52:32-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-07-01
ReturnHeader/TaxPeriodEndDt02014-06-30
ReturnHeader/TaxYr02013

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