Civic Intelligence

Evergreen Virtual Academy

990 • Fiscal year 2022 • EIN 26-1168995

Jul 01, 2021 to Jun 30, 2022 • Filed on Mar 16, 2023

400 Virginia Ave Ste 114North Bend, OR 97459

(541) 751-8060

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.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

73rd percentile

0.66x

Higher debt load relative to revenue than 73% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

15th percentile

-12%

Higher net margin than 15% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

32nd percentile

$130,000

Higher top officer pay than 32% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

6th percentile

-19%

Faster asset growth than 6% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

9th percentile

-40%

Faster revenue growth than 9% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Assets

Down

$9,316,053

Down $2,153,589 (-19%) from 2021

Net Assets

Down

-$3,585,153

Down $2,407,871 (-205%) from 2021

Liabilities

Up

$12,901,206

Up $254,282 (+2.0%) from 2021

Revenue

Down

$19,637,699

Down $12,936,287 (-40%) from 2021

Expenses

Down

$22,045,570

Down $7,757,631 (-26%) from 2021

Net Income

Down

-$2,407,871

Down $5,178,656 (-187%) from 2021

Historical Trend

Balance Sheet Trend

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

$20M$10M$0-$10MAssets 2012: $1,373,621Liabilities 2012: $1,373,621Net Assets 2012: $02012Assets 2014: $1,198,980Liabilities 2014: $1,198,980Net Assets 2014: $02014Assets 2015: $1,594,413Liabilities 2015: $1,594,413Net Assets 2015: $02015Assets 2016: $2,435,482Liabilities 2016: $2,435,482Net Assets 2016: $02016Assets 2017: $6,362,116Liabilities 2017: $8,614,733Net Assets 2017: -$2,252,6172017Assets 2018: $5,636,224Liabilities 2018: $7,928,751Net Assets 2018: -$2,292,5272018Assets 2019: $6,428,233Liabilities 2019: $9,049,065Net Assets 2019: -$2,620,8322019Assets 2020: $6,085,526Liabilities 2020: $10,033,593Net Assets 2020: -$3,948,0672020Assets 2021: $11,469,642Liabilities 2021: $12,646,924Net Assets 2021: -$1,177,2822021Assets 2022: $9,316,053Liabilities 2022: $12,901,206Net Assets 2022: -$3,585,1532022Assets 2023: $9,087,279Liabilities 2023: $13,368,905Net Assets 2023: -$4,281,6262023Assets 2024: $12,548,713Liabilities 2024: $15,509,030Net Assets 2024: -$2,960,3172024Assets 2025: $14,506,503Liabilities 2025: $16,943,035Net Assets 2025: -$2,436,5322025

Highlighted filing

2022

Assets$9,316,053
Liabilities$12,901,206
Net Assets-$3,585,153

Operations Trend

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

$40M$30M$20M$10M$0-$10MExpenses 2012: $8,459,8092012Revenue 2014: $12,428,588Expenses 2014: $12,428,588Net Income 2014: $02014Revenue 2015: $13,544,064Expenses 2015: $13,544,064Net Income 2015: $02015Revenue 2016: $14,356,251Expenses 2016: $14,356,251Net Income 2016: $02016Revenue 2017: $17,371,444Expenses 2017: $18,014,930Net Income 2017: -$643,4862017Revenue 2018: $19,275,466Expenses 2018: $19,315,376Net Income 2018: -$39,9102018Revenue 2019: $17,911,991Expenses 2019: $18,240,296Net Income 2019: -$328,3052019Revenue 2020: $19,114,795Expenses 2020: $20,442,030Net Income 2020: -$1,327,2352020Revenue 2021: $32,573,986Expenses 2021: $29,803,201Net Income 2021: $2,770,7852021Revenue 2022: $19,637,699Expenses 2022: $22,045,570Net Income 2022: -$2,407,8712022Revenue 2023: $15,224,147Expenses 2023: $15,920,620Net Income 2023: -$696,4732023Revenue 2024: $14,575,516Expenses 2024: $13,254,207Net Income 2024: $1,321,3092024Revenue 2025: $14,006,682Expenses 2025: $13,294,562Net Income 2025: $712,1202025

Highlighted filing

2022

Revenue$19,637,699
Expenses$22,045,570
Net Income-$2,407,871
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Mar 16, 2023
Return Version
2021v4.2
Gross Receipts
$19,637,699
Mission and Program Overview

Mission

The oregon virtual academy uses the k12, inc. Curriculum to offer oregon students in grades k-12 an exceptional learning experience. With individualized learning approcaches, the oregon virtual academy and k12 provide the tools kids need to succeed in school and beyond.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$6,305,636$1,795,769▼ $4,509,867
Land, Buildings, and Equipment, Net$128,640$1,488,407▲ $1,359,767
Prepaid Expenses and Deferred Charges$226,644$859,482▲ $632,838
Accounts Receivable$114,541$221,157▲ $106,616
Total Assets$11,469,642$9,316,053▼ $2,153,589
Other Assets Total$4,694,181$4,951,238▲ $257,057
Liabilities
Other Liabilities$10,765,800$10,469,123▼ $296,677
Accounts Payable and Accrued Expenses$1,881,124$2,432,083▲ $550,959
Total Liabilities$12,646,924$12,901,206▲ $254,282
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,177,282$-3,585,153▼ $2,407,871
Total Net Assets Fund Balance$-1,177,282$-3,585,153▼ $2,407,871
Total Liabilities and Net Assets / Fund Balance$11,469,642$9,316,053▼ $2,153,589

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,440,158$148,538$1,588,696
Other Land Buildings$48,249-$48,249
Other Assets Org$13,664--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jamie StilesExecutive DirectorFT$130,000$130,000

Board Members and Trustees

NameTitle
Barry JahnChair
Franklin RobertsCurrent Treasurer
Megan TrowMember
Mj SandallMember
Steven IssacsMember
Myk HerndonPast Treasurer
Paul TannahillSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Bst LiveSpecial EducationPO BOX 812127, Boca Raton, FL 33481$240,070
Revenue and Support

Revenue Composition

Contributions and Grants
$19,629,630
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$8,069
All Other Contributions
$1,183,546
Change in Net Assets
$-2,407,871

Audited Revenue Reconciliation

Revenue per Audited Statements
$19,637,699
Total Revenue per Audited Statements
$19,637,699
Total Revenue per Form 990
$19,637,699
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$12,234,923
Other Expenses$9,810,647
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,892,316$2,118,832-$8,011,148
Pension Plan Contributions$1,224,350$495,741-$1,720,091
Other Employee Benefits$1,095,612$426,071-$1,521,683
Payroll Taxes$621,695$230,306-$852,001
Current Officers, Directors, Trustees, and Key Employees-$130,000-$130,000
Fees for Services Legal-$124,570-$124,570
Occupancy-$58,975-$58,975
Insurance-$58,462-$58,462
Depreciation Depletion-$54,647-$54,647
All Other Expenses-$49,556-$49,556
Other Expenses$58,083$38,205-$38,205
Fees for Services Accounting-$26,250-$26,250
Information Technology-$22,366-$22,366
Total Functional Expenses$16,807,769$5,237,801$0$22,045,570

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$22,045,570
Total Expenses per Audited Statements$22,045,570
Total Expenses per Form 990$22,045,570
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
Proportionate Share of Net Pension$5,968,571
Pers Pension$4,484,508
Pers Rhia$16,044
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Committee meeting documentation Part VI line 8B

No committee had authority to act on behalf of the governing body.

Form 990 governing body review Part VI line 11

No review was or will be conducted.

Governing documents etc available to public Part VI line 19

Governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Oregon Virtual Academy
EIN
26-1168995
Address
400 VIRGINIA AVE STE 114, NORTH BEND, OR 97459
Doing Business As
Evergreen Virtual Academy

Signing Officer

Name
Franklin Roberts
Title
Current Treasur
Phone
5417518060
Signed
2023-03-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Franklin Roberts
Formed
2008
Legal Domicile
Or
Voting Board Members
7
Independent Board Members
7
Employees
183
Volunteers
7

Preparer

Firm
Pauly Rogers and Co Pc
Address
12700 SW 72ND AVE, TIGARD, OR 97223
Preparer
Roy R Rogers
Phone
5036848421
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IRS990/PayrollTaxesGrp/TotalAmt0852001
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IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01224350
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt0148538
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01588696
IRS990ScheduleD/ExpensesSubtotalAmt022045570
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt052791
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt14884783
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt213664
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc1PERS PERSION
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IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt048249
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL RECEIVED ASSISTANCE FROM THE STATE DEPARTMENT OF EDUCATION.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1ORVA IS COMMITTED TO A POLICY OF EDUCATION EQUALITY. ACCORDINGLY, THE PROGRAM ADMITS STUDENTS AND CONDUCTS ALL EDUCATIONAL PROGRAMS, ACTIVITIES, AND EMPLOYMENT PRACTICES WITHOUT REGARD TO RACE, NATIONAL ORIGIN, SEX, HANDICAP, MARITAL STATUS, COLOR, RELIGION, AGE, OR ANY OTHER LEGALITY PROTECTED CLASSIFICATION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Governmental Agency Financial Aid (Questions 6a and 6b)
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of nondiscriminatory policy (Question 3)
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO COMMITTEE HAD AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Committee meeting documentation Part VI line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
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IRS990/TotalEmployeeCnt0183
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt016807769
IRS990/TotalFunctionalExpensesGrp/TotalAmt022045570
IRS990/TotalGrossUBIAmt00
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-3585153
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IRS990/TotalReportableCompFromOrgAmt0130000
IRS990/TotalRevenueGrp/ExclusionAmt00
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt019637699
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
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IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0HTTP://WWW.K12.COM/ORVA
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0FRANKLIN ROBERTS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CURRENT TREASUR
ReturnHeader/BusinessOfficerGrp/PhoneNum05417518060
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-03-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OREGON VIRTUAL ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0OREG
ReturnHeader/Filer/EIN0261168995
ReturnHeader/Filer/USAddress/AddressLine1Txt0400 VIRGINIA AVE STE 114
ReturnHeader/Filer/USAddress/CityNm0NORTH BEND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OR
ReturnHeader/Filer/USAddress/ZIPCd097459
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PAULY ROGERS AND CO PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt012700 SW 72ND AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0TIGARD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OR

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