Civic Intelligence

Nevada Virtual Charter School

990 • Fiscal year 2023 • EIN 20-5837609

Jul 01, 2022 to Jun 30, 2023 • Filed on Jan 30, 2024

Organization ProfileWWW.NVVA.K12.COM

View Organization Page

8645 S Eastern Ave Ste 100Las Vegas, NV 89123

(702) 407-1825

Siviq Scores

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

Liabilities / Assets

98th percentile

1.38x

Higher debt load relative to assets than 98% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

79th percentile

0.96x

Higher debt load relative to revenue than 79% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

64th percentile

10%

Higher net margin than 64% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

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

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

38th percentile

2.5%

Faster asset growth than 38% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

37th percentile

-0.6%

Faster revenue growth than 37% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets98th percentile

Assets

Flat

$12,671,629

Flat from 2023

Net Assets

Flat

-$4,831,280

Flat from 2023

Liabilities

Flat

$17,502,909

Flat from 2023

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin64th percentile

Revenue

Flat

$18,269,961

Flat from 2023

Expenses

Flat

$16,400,901

Flat from 2023

Net Income

Flat

$1,869,060

Flat from 2023

Historical Trend

Balance Sheet Trend

Asset Growth38th percentile

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

$20M$10M$0-$10MAssets 2021: $7,528,139Liabilities 2021: $15,817,038Net Assets 2021: -$8,288,8992021Assets 2022: $12,366,306Liabilities 2022: $19,066,646Net Assets 2022: -$6,700,3402022Assets 2023: $12,671,629Liabilities 2023: $17,502,909Net Assets 2023: -$4,831,2802023Assets 2023: $12,671,629Liabilities 2023: $17,502,909Net Assets 2023: -$4,831,2802023

Highlighted filing

2023

Assets$12,671,629
Liabilities$17,502,909
Net Assets-$4,831,280
Open 2023 Filing

Operations Trend

Revenue Growth37th percentile

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

$20M$15M$10M$5.0M$0Revenue 2021: $18,544,943Expenses 2021: $17,439,807Net Income 2021: $1,105,1362021Revenue 2022: $18,372,416Expenses 2022: $16,783,857Net Income 2022: $1,588,5592022Revenue 2023: $18,269,961Expenses 2023: $16,400,901Net Income 2023: $1,869,0602023Revenue 2023: $18,269,961Expenses 2023: $16,400,901Net Income 2023: $1,869,0602023

Highlighted filing

2023

Revenue$18,269,961
Expenses$16,400,901
Net Income$1,869,060
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Jan 30, 2024
Return Version
2022v5.0
Gross Receipts
$18,269,961
Mission and Program Overview

Mission

At nevada virtual charter school, we will make a difference by meeting the unique needs of our diverse students, preparing them for college and carerr in the 21st century through high quality instruction in our virtual platform.

The school is a free public charter school which uses the stride/k12 curriculum to offer nevada students in 6th through 12th grade an exceptional education. The school's mission is to promote student achievement by preparing every student for college and career readiness every day.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$3,735,148$4,561,168▲ $826,020
Pledges and Grants Receivable$1,686,653$465,835▼ $1,220,818
Prepaid Expenses and Deferred Charges-$156,331-
Total Assets$12,366,306$12,671,629▲ $305,323
Other Assets Total$6,944,505$7,488,295▲ $543,790
Liabilities
Other Liabilities$17,889,272$16,230,366▼ $1,658,906
Accounts Payable and Accrued Expenses$1,176,374$1,264,590▲ $88,216
Deferred Revenue$1,000$7,953▲ $6,953
Total Liabilities$19,066,646$17,502,909▼ $1,563,737
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-6,700,340$-4,831,280▲ $1,869,060
Total Net Assets Fund Balance$-6,700,340$-4,831,280▲ $1,869,060
Total Liabilities and Net Assets / Fund Balance$12,366,306$12,671,629▲ $305,323

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements-$459,270$459,270
Equipment-$138,461$138,461
Other Assets Org$71,350--
Compensation and Service Providers
Top Officer Pay14th percentile

Board Members and Trustees

NameTitle
Mrs Samantha MorrisPresident
Mr Jordan SommaggioMember
Ms Elizabeth McfaddenMember
Mrs Shannon DanglTreasurer
Mrs Shannon BarryVice Preside

Highest Paid Contractors

ContractorServicesLocationCompensation
Sagenet LLCRent2764 LAKE SAHARA DR STE 115, Las Vegas, NV 89117$316,970
-Network SolutioPO BOX 843553, Kansas City, MO 64184-3553$251,892
Revenue and Support

Revenue Composition

Contributions and Grants
$18,173,701
Program Service Revenue
$96,260
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$1,869,060

Audited Revenue Reconciliation

Revenue per Audited Statements
$18,269,961
Total Revenue per Audited Statements
$18,269,961
Total Revenue per Form 990
$18,269,961
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$9,697,496
Other Expenses$6,703,405
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$7,254,381--$7,254,381
Other Employee Benefits$2,443,115--$2,443,115
Depreciation Depletion-$533,164-$533,164
Information Technology$372,746--$372,746
Fees for Services Other$326,461--$326,461
Fees for Services Management-$129,916-$129,916
Travel$107,843--$107,843
Occupancy-$98,032-$98,032
Insurance-$57,831-$57,831
Other Expenses$316,077$52,354-$52,354
Total Functional Expenses$15,073,706$1,327,195$0$16,400,901

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$16,400,901
Total Expenses per Audited Statements$16,400,901
Total Expenses per Form 990$16,400,901
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
Net Pension Liability$13,379,381
Deferred Inflows of Resources$1,200,285
Lease Liability$1,196,882
Due to Related Party$453,818
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
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

“Nevada virtual academy contracted with k12 inc. As its sole curriculum provider. K12 also provides management and technology services as well as accounting, operations, and record keeping services to the school.”

Form 990, Page 6, Part VI, Line 11B

“The form 990 will be provided to the governing board and will be approved by the board president and the director of finance before submission.”

Form 990, Page 6, Part VI, Line 12C

“The policy is published in the organizations manual of procedures internal control systems structure and grant expenditures, instructions & requirements manual.”

Form 990, Page 6, Part VI, Line 15A

“The majority of key employees are employees of k12 inc. (the management company) and are compensated accordingly to job market.”

Form 990, Page 6, Part VI, Line 15B

“The majority of key employees are employees of k12 inc. (the management company) and are compensated accordingly to job market.”

Form 990, Page 6, Part VI, Line 19

“AVAILABLE UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Nevada Virtual Academy
EIN
20-5837609
Phone
7024071825
Address
8645 S EASTERN AVE STE 100, LAS VEGAS, NV 89123

Signing Officer

Name
Mrs Samantha Morris
Title
President
Phone
7024071825
Signed
2024-01-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mrs Samantha Morris
Formed
2019
Legal Domicile
Nv
Voting Board Members
5
Independent Board Members
5
Employees
127

Preparer

Firm
Ellsworth & Stout Cpas
Address
7881 W CHARLESTON BLVD STE 155, LAS VEGAS, NV 89117-8326
Preparer
Jeff a Stout CPA
Phone
7028712727
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The school is a free public charter school which uses the stride/k12 curriculum to offer nevada students in 6th through 12th grade an exceptional education. The school's mission is to promote student achievement by preparing every student for college and career readiness every day.”

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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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IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
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IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0false
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0NON-DISCRIMINATION POLICY IS ALWAYS POSTED ON THE SCHOOL WEBSITE, HTTPS://NVVA.K12.COM/TITLE-IX-NON-DISCRIMINATION.HTML. THIS POLICY IS ALSO WRITTEN INTO OUR STUDENT/PARENT AND EMPLOYEE HANDBOOKS. STUDENT/PARENT HANDBOOK IS ALSO SHARED DURING ENROLLMENT AND SENT OUT TO FAMILIES ANNUALLY.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt14A - NOT APPLICABLE. SCHOOL IS A TUITION FREE CHARTER SCHOOL 4D - NOT APPLICABLE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION IS PRIMARILY FUNDED THROUGH STATE DISTRIBUTIONS, IN ADDITION TO CERTAIN FEDERAL GRANTS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL IS A FREE PUBLIC CHARTER SCHOOL WHICH USES THE STRIDE/K12 CURRICULUM TO OFFER NEVADA STUDENTS IN 6TH THROUGH 12TH GRADE AN EXCEPTIONAL EDUCATION. THE SCHOOL'S MISSION IS TO PROMOTE STUDENT ACHIEVEMENT BY PREPARING EVERY STUDENT FOR COLLEGE AND CAREER READINESS EVERY DAY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NEVADA VIRTUAL ACADEMY CONTRACTED WITH K12 INC. AS ITS SOLE CURRICULUM PROVIDER. K12 ALSO PROVIDES MANAGEMENT AND TECHNOLOGY SERVICES AS WELL AS ACCOUNTING, OPERATIONS, AND RECORD KEEPING SERVICES TO THE SCHOOL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 WILL BE PROVIDED TO THE GOVERNING BOARD AND WILL BE APPROVED BY THE BOARD PRESIDENT AND THE DIRECTOR OF FINANCE BEFORE SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE POLICY IS PUBLISHED IN THE ORGANIZATIONS MANUAL OF PROCEDURES INTERNAL CONTROL SYSTEMS STRUCTURE AND GRANT EXPENDITURES, INSTRUCTIONS & REQUIREMENTS MANUAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE MAJORITY OF KEY EMPLOYEES ARE EMPLOYEES OF K12 INC. (THE MANAGEMENT COMPANY) AND ARE COMPENSATED ACCORDINGLY TO JOB MARKET.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE MAJORITY OF KEY EMPLOYEES ARE EMPLOYEES OF K12 INC. (THE MANAGEMENT COMPANY) AND ARE COMPENSATED ACCORDINGLY TO JOB MARKET.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt012671629
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IRS990/TotalAssetsGrp/EOYAmt012671629
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt018173701
IRS990/TotalEmployeeCnt0127
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01327195
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt015073706
IRS990/TotalFunctionalExpensesGrp/TotalAmt016400901
IRS990/TotalGrossUBIAmt00
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-4831280
IRS990/TotalProgramServiceExpensesAmt015073706
IRS990/TotalProgramServiceRevenueAmt096260
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt096260
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt018269961
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt012671629
IRS990/TravelGrp/ProgramServicesAmt0107843
IRS990/TravelGrp/TotalAmt0107843
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt08645 S EASTERN AVE STE 100
IRS990/USAddress/CityNm0LAS VEGAS
IRS990/USAddress/StateAbbreviationCd0NV
IRS990/USAddress/ZIPCd089123
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.NVVA.K12.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MRS SAMANTHA MORRIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07024071825
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-01-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NEVADA VIRTUAL ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0NEVA
ReturnHeader/Filer/EIN0205837609
ReturnHeader/Filer/PhoneNum07024071825
ReturnHeader/Filer/USAddress/AddressLine1Txt08645 S EASTERN AVE STE 100
ReturnHeader/Filer/USAddress/CityNm0LAS VEGAS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NV
ReturnHeader/Filer/USAddress/ZIPCd089123
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0261629859
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ELLSWORTH & STOUT CPAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07881 W CHARLESTON BLVD STE 155
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LAS VEGAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NV
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0891178326
ReturnHeader/PreparerPersonGrp/PhoneNum07028712727
ReturnHeader/PreparerPersonGrp/PreparationDt02024-01-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFF A STOUT CPA
ReturnHeader/ReturnTs02024-01-30T13:18:11-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SAMANTHA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MORRIS
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$12,671,629
Liabilities
$17,502,909
Net assets
-$4,831,280
Revenue
$18,269,961
Expenses
$16,400,901
Net income
$1,869,060
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$12.7$17.5$4.83$18.3$16.4$1.87
2023Summary only. Only limited summary data is available for this year.$12.7$17.5$4.83$18.3$16.4$1.87
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.4$19.1$6.70$18.4$16.8$1.59
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.53$15.8$8.29$18.5$17.4$1.11