Civic Intelligence

Portable Practical Educational Preparation Inc - California

990 • Fiscal year 2016 • EIN 26-1096561

Jul 01, 2015 to Jun 30, 2016 • Filed on May 15, 2017

Organization ProfileOLINACADEMY.ORG
2600 Foothill Blvd 301LA Crescenta, CA 91214

(800) 985-0770

Siviq Scores

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

Liabilities / Assets

99th percentile

3.78x

Higher debt load relative to assets than 99% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

87th percentile

1.24x

Higher debt load relative to revenue than 87% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

12th percentile

-26%

Higher net margin than 12% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

89th percentile

$193,480

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 7.2% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

1st percentile

-71%

Faster asset growth than 1% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

80th percentile

24%

Faster revenue growth than 80% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$878,579

Down $2,158,039 (-71%) from 2015

Net Assets

Down

-$2,442,704

Down $894,058 (-58%) from 2015

Liabilities

Down

$3,321,283

Down $1,263,981 (-28%) from 2015

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin12th percentile

Revenue

Up

$2,673,812

Up $526,034 (+24%) from 2015

Expenses

Down

$3,379,031

Down $868,879 (-20%) from 2015

Net Income

Up

-$705,219

Up $1,394,913 (+66%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

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

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MAssets 2012: $2,683,015Liabilities 2012: $1,855,382Net Assets 2012: $827,6332012Assets 2013: $3,810,921Liabilities 2013: $2,815,033Net Assets 2013: $995,8882013Assets 2015: $3,036,618Liabilities 2015: $4,585,264Net Assets 2015: -$1,548,6462015Assets 2016: $878,579Liabilities 2016: $3,321,283Net Assets 2016: -$2,442,7042016Assets 2017: $284,511Liabilities 2017: $3,545,440Net Assets 2017: -$3,260,9292017

Highlighted filing

2016

Assets$878,579
Liabilities$3,321,283
Net Assets-$2,442,704
Open 2016 Filing

Operations Trend

Revenue Growth80th percentile

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

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MExpenses 2012: $2,837,0482012Expenses 2013: $3,997,5532013Revenue 2015: $2,147,778Expenses 2015: $4,247,910Net Income 2015: -$2,100,1322015Revenue 2016: $2,673,812Expenses 2016: $3,379,031Net Income 2016: -$705,2192016Revenue 2017: $1,100,256Expenses 2017: $1,918,481Net Income 2017: -$818,2252017

Highlighted filing

2016

Revenue$2,673,812
Expenses$3,379,031
Net Income-$705,219
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 15, 2017
Return Version
2015v3.0
Gross Receipts
$2,673,812
Mission and Program Overview

Mission

Olin virtual academy unites expertise in online learning with cutting edge technology to provide a quality educational option for california families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,547,794--
Cash and Non-Interest-Bearing Accounts$19,161$492,739▲ $473,578
Accounts Receivable$418,771$288,044▼ $130,727
Prepaid Expenses and Deferred Charges$50,892$64,537▲ $13,645
Land, Buildings, and Equipment, Net-$33,259-
Total Assets$3,036,618$878,579▼ $2,158,039
Liabilities
Accounts Payable and Accrued Expenses$4,531,969$3,216,732▼ $1,315,237
Deferred Revenue$53,295$104,551▲ $51,256
Total Liabilities$4,585,264$3,321,283▼ $1,263,981
Net Assets / Fund Balance
Unrestricted Net Assets$-1,548,646$-2,442,704▼ $894,058
Total Net Assets Fund Balance$-1,548,646$-2,442,704▼ $894,058
Total Liabilities and Net Assets / Fund Balance$3,036,618$878,579▼ $2,158,039

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$33,259$1,232$34,491
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Ramon MiramontesPresidentFT$193,480$193,480
Jose SalasPrincipalFT$128,975$128,975
Jackie ContrerasMember-$11,202$11,202
Tara Gomez HamptonSecretary-$4,000$4,000

Board Members and Trustees

NameTitle
Alexander KeledjianBoard Presid
Kimberly FairburnPrincipal
Revenue and Support

Revenue Composition

Contributions and Grants
$2,673,008
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$804
Change in Net Assets
$-705,219

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,673,812
Total Revenue per Audited Statements
$2,673,812
Total Revenue per Form 990
$2,673,812
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,115,270
Other Expenses$1,263,761
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,379,980$71,733-$1,451,713
Current Officers, Directors, Trustees, and Key Employees-$303,649-$303,649
Other Employee Benefits$158,575$43,121-$201,696
Fees for Services Other$191,669$6,845-$198,514
Fees for Services Legal-$192,402-$192,402
Payroll Taxes$124,388$33,824-$158,212
Occupancy$158,124--$158,124
Fees for Services Management-$92,940-$92,940
Advertising-$81,347-$81,347
Office Expenses$17,387$58,277-$75,664
Information Technology$57,509--$57,509
Travel$49,594--$49,594
Other Expenses$40,335--$40,335
Insurance-$35,967-$35,967
Fees for Services Accounting-$18,928-$18,928
Conferences and Meetings$6,983--$6,983
Depreciation Depletion$1,232--$1,232
Total Functional Expenses$2,439,998$939,033$0$3,379,031

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,379,031
Total Expenses per Audited Statements$3,379,031
Total Expenses per Form 990$3,379,031
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
Backup withholding compliance
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
No
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, Page 6, Part VI, Line 11B

“The 990 return is reviewed by the board prior to filing the return.”

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

“In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the board of directors meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board members shall decide if a conflict of interest exists.”

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

“The legal counsel performs appropriate industry research and submits recommendations directly to the board. The board discusses and votes on the compensation.”

Form 990, Page 6, Part VI, Line 19

“The school provides its governing documents, conflict of interest policy and financial statements to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Olin Virtual Academy
EIN
26-1096561
Phone
8009850770
Address
2600 FOOTHILL BLVD 301, LA CRESCENTA, CA 91214

Signing Officer

Name
Alexander Keledjian
Title
Board President
Phone
9096241600
Signed
2017-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alexander Keledjian
Formed
2007
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
2
Employees
69

Preparer

Firm
Vicenti Lloyd & Stutzman
Address
2210 E ROUTE 66 STE 100, GLENDORA, CA 91740-4676
Preparer
Wade Mcmullen CPA
Phone
6268577300
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“Academy is a non-profit entity exempt from the payment of income taxes under internal revenue code section 501(c)(3) and california revenue and taxation code section 23701d. Accordingly, no provision has been made for income taxes. Management has determined that all income tax positions are more likely than not of being sustained upon potential audit or examination; therefore, no disclosures of uncertain income tax positions are required. Academy files informational returns in the u.s. Federal jurisdiction, and the state of california. The statute of limitations for federal and california state purposes is generally three and four years, respectively.”

Raw XML Appendix366 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt04531969
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt03216732
IRS990/AccountsReceivableGrp/BOYAmt0418771
IRS990/AccountsReceivableGrp/EOYAmt0288044
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0OLIN VIRTUAL ACADEMY UNITES EXPERTISE IN ONLINE LEARNING WITH CUTTING EDGE TECHNOLOGY TO PROVIDE A QUALITY EDUCATIONAL OPTION FOR CALIFORNIA FAMILIES.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt081347
IRS990/AdvertisingGrp/TotalAmt081347
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0ORGANIZATION
IRS990/BooksInCareOfDetail/PhoneNum08009850770
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02600 FOOTHILL BLVD 301
IRS990/BooksInCareOfDetail/USAddress/CityNm0LA CRESCENTA
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd091214
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt019161
IRS990/CashNonInterestBearingGrp/EOYAmt0492739
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0303649
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0303649
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt06983
IRS990/ConferencesMeetingsGrp/TotalAmt06983
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt02673008
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt01263761
IRS990/CYOtherRevenueAmt0804
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-705219
IRS990/CYSalariesCompEmpBnftPaidAmt02115270
IRS990/CYTotalExpensesAmt03379031
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02673812
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt053295
IRS990/DeferredRevenueGrp/EOYAmt0104551
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt01232
IRS990/DepreciationDepletionGrp/TotalAmt01232
IRS990/Desc0A CHARTER SCHOOL PROVIDING EDUCATION OPPORTUNITIES TO THE SURROUNDING COMMUNITY.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt069
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt02439998
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt018928
IRS990/FeesForServicesAccountingGrp/TotalAmt018928
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt0192402
IRS990/FeesForServicesLegalGrp/TotalAmt0192402
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt092940
IRS990/FeesForServicesManagementGrp/TotalAmt092940
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt06845
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0191669
IRS990/FeesForServicesOtherGrp/TotalAmt0198514
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt14.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt24.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt340.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt440.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0RAMON MIRAMONTES
IRS990/Form990PartVIISectionAGrp/PersonNm1JACKIE CONTRERAS
IRS990/Form990PartVIISectionAGrp/PersonNm2TARA GOMEZ HAMPTON
IRS990/Form990PartVIISectionAGrp/PersonNm3ALEXANDER KELEDJIAN
IRS990/Form990PartVIISectionAGrp/PersonNm4JOSE SALAS
IRS990/Form990PartVIISectionAGrp/PersonNm5KIMBERLY FAIRBURN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0193480
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt111202
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt24000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt4128975
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD PRESID
IRS990/Form990PartVIISectionAGrp/TitleTxt4PRINCIPAL
IRS990/Form990PartVIISectionAGrp/TitleTxt5PRINCIPAL
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02007
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GovernmentGrantsAmt02673008
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt02673812
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt02
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt057509
IRS990/InformationTechnologyGrp/TotalAmt057509
IRS990/InsuranceGrp/ManagementAndGeneralAmt035967
IRS990/InsuranceGrp/TotalAmt035967
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt025
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01232
IRS990/LandBldgEquipBasisNetGrp/EOYAmt033259
IRS990/LandBldgEquipCostOrOtherBssAmt034491
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0OLIN VIRTUAL ACADEMY UNITES EXPERTISE IN ONLINE LEARNING WITH CUTTING EDGE TECHNOLOGY TO PROVIDE A QUALITY EDUCATIONAL OPTION FOR CALIFORNIA FAMILIES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0-1548646
IRS990/NetAssetsOrFundBalancesEOYAmt0-2442704
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0158124
IRS990/OccupancyGrp/TotalAmt0158124
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt058277
IRS990/OfficeExpensesGrp/ProgramServicesAmt017387
IRS990/OfficeExpensesGrp/TotalAmt075664
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt043121
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0158575
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0201696
IRS990/OtherExpensesGrp/Desc0INSTRUCTIONAL MATERIALS
IRS990/OtherExpensesGrp/Desc1OTHER EXPENSES
IRS990/OtherExpensesGrp/ProgramServicesAmt0254222
IRS990/OtherExpensesGrp/ProgramServicesAmt140335
IRS990/OtherExpensesGrp/TotalAmt0254222
IRS990/OtherExpensesGrp/TotalAmt140335
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0804
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0804
IRS990/OtherRevenueTotalAmt0804
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt071733
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01379980
IRS990/OtherSalariesAndWagesGrp/TotalAmt01451713
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt033824
IRS990/PayrollTaxesGrp/ProgramServicesAmt0124388
IRS990/PayrollTaxesGrp/TotalAmt0158212
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt050892
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt064537
IRS990/PrincipalOfficerNm0ALEXANDER KELEDJIAN
IRS990/PriorPeriodAdjustmentsAmt0-188839
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01846477
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt01688737
IRS990/PYOtherRevenueAmt0301301
IRS990/PYRevenuesLessExpensesAmt0-2100132
IRS990/PYSalariesCompEmpBnftPaidAmt02559173
IRS990/PYTotalExpensesAmt04247910
IRS990/PYTotalRevenueAmt02147778
IRS990/ReconcilationRevenueExpnssAmt0-705219
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02547794
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt033259
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01232
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt034491
IRS990ScheduleD/ExpensesSubtotalAmt03379031
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueSubtotalAmt02673812
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACADEMY IS A NON-PROFIT ENTITY EXEMPT FROM THE PAYMENT OF INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND CALIFORNIA REVENUE AND TAXATION CODE SECTION 23701D. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. MANAGEMENT HAS DETERMINED THAT ALL INCOME TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION; THEREFORE, NO DISCLOSURES OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED. ACADEMY FILES INFORMATIONAL RETURNS IN THE U.S. FEDERAL JURISDICTION, AND THE STATE OF CALIFORNIA. THE STATUTE OF LIMITATIONS FOR FEDERAL AND CALIFORNIA STATE PURPOSES IS GENERALLY THREE AND FOUR YEARS, RESPECTIVELY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt033259
IRS990ScheduleD/TotalExpensesPerForm990Amt03379031
IRS990ScheduleD/TotalRevenuePerForm990Amt02673812
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02673812
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03379031
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0false
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL PUBLICIZES ITS POLICY IN ITS REGISTRATION MATERIALS AND DOCUMENTS USED TO SOLICIT STUDENTS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1N/A- RECORDS DOCUMENTING THAT SCHOLARSHIPS AND OTHER FINANCIAL ASSISTANCE AWARDED ARE MAINTAINED AS THE SCHOOL PROVIDES NO SCHOLARSHIPS OR FINANCIAL ASSISTANCE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION IS A PUBLIC CHARTER SCHOOL PRINCIPALLY FUNDED BY CALIFORNIA AND FEDERAL MONIES RECEIVED THROUGH THE CALIFORNIA DEPARTMENT OF EDUCATION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, LINE 6
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0193480
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0RAMON MIRAMONTES
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0193480
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 RETURN IS REVIEWED BY THE BOARD PRIOR TO FILING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE BOARD OF DIRECTORS MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE LEGAL COUNSEL PERFORMS APPROPRIATE INDUSTRY RESEARCH AND SUBMITS RECOMMENDATIONS DIRECTLY TO THE BOARD. THE BOARD DISCUSSES AND VOTES ON THE COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE SCHOOL PROVIDES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03036618
IRS990/TotalAssetsEOYAmt0878579
IRS990/TotalAssetsGrp/BOYAmt03036618
IRS990/TotalAssetsGrp/EOYAmt0878579
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt02673008
IRS990/TotalEmployeeCnt069
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0939033
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02439998
IRS990/TotalFunctionalExpensesGrp/TotalAmt03379031
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04585264
IRS990/TotalLiabilitiesEOYAmt03321283
IRS990/TotalLiabilitiesGrp/BOYAmt04585264
IRS990/TotalLiabilitiesGrp/EOYAmt03321283
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1548646
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-2442704
IRS990/TotalProgramServiceExpensesAmt02439998
IRS990/TotalReportableCompFromOrgAmt0337657
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0804
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02673812
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03036618
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0878579
IRS990/TravelGrp/ProgramServicesAmt049594
IRS990/TravelGrp/TotalAmt049594
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-1548646
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-2442704
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02600 FOOTHILL BLVD 301
IRS990/USAddress/CityNm0LA CRESCENTA
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd091214
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0OLINACADEMY.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ALEXANDER KELEDJIAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09096241600
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OLIN VIRTUAL ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0OLIN
ReturnHeader/Filer/EIN0261096561
ReturnHeader/Filer/PhoneNum08009850770
ReturnHeader/Filer/USAddress/AddressLine1Txt02600 FOOTHILL BLVD 301
ReturnHeader/Filer/USAddress/CityNm0LA CRESCENTA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd091214
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0952242818
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0VICENTI LLOYD & STUTZMAN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02210 E ROUTE 66 STE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GLENDORA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0917404676
ReturnHeader/PreparerPersonGrp/PhoneNum06268577300
ReturnHeader/PreparerPersonGrp/PreparationDt02017-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WADE MCMULLEN CPA
ReturnHeader/ReturnTs02017-05-15T08:35:18-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

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
$878,579
Liabilities
$3,321,283
Net assets
-$2,442,704
Revenue
$2,673,812
Expenses
$3,379,031
Net income
-$705,219
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2017Detailed filing. Detailed filing data is available for this year.$0.28$3.55$3.26$1.10$1.92$0.82
2016Detailed filing. Detailed filing data is available for this year.$0.88$3.32$2.44$2.67$3.38$0.71
2015Detailed filing. Detailed filing data is available for this year.$3.04$4.59$1.55$2.15$4.25$2.10
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.81$2.82$1.00$4.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.68$1.86$0.83$2.84