Civic Intelligence

South Carolina Virtual Charter School

990 • Fiscal year 2016 • EIN 26-1966189

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 21, 2016

Organization ProfileWWW.SCVCS.ORG
140 Stoneridge Drive Suite 420Columbia, SC 29210

(803) 253-6222

Siviq Scores

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

Liabilities / Assets

96th percentile

1.23x

Higher debt load relative to assets than 96% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

67th percentile

0.51x

Higher debt load relative to revenue than 67% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

54th percentile

3.6%

Higher net margin than 54% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

28th percentile

$117,149

Higher top officer pay than 28% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

89th percentile

28%

Faster asset growth than 89% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

34th percentile

-2.0%

Faster revenue growth than 34% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets96th percentile

Assets

Up

$10,329,494

Up $2,228,285 (+28%) from 2015

Net Assets

Up

-$2,370,933

Up $507,075 (+18%) from 2015

Liabilities

Up

$12,700,427

Up $1,721,210 (+16%) from 2015

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin54th percentile

Revenue

Down

$24,842,369

Down $507,334 (-2.0%) from 2015

Expenses

Up

$23,951,986

Up $952,565 (+4.1%) from 2015

Net Income

Down

$890,383

Down $1,459,899 (-62%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth89th percentile

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

$60M$40M$20M$0-$20MAssets 2011: $3,071,392Liabilities 2011: $3,071,392Net Assets 2011: $02011Assets 2012: $2,570,108Liabilities 2012: $2,570,108Net Assets 2012: $02012Assets 2013: $4,497,267Liabilities 2013: $1,818,705Net Assets 2013: $2,678,5622013Assets 2014: $8,207,181Liabilities 2014: $5,063,213Net Assets 2014: $3,143,9682014Assets 2015: $8,101,209Liabilities 2015: $10,979,217Net Assets 2015: -$2,878,0082015Assets 2016: $10,329,494Liabilities 2016: $12,700,427Net Assets 2016: -$2,370,9332016Assets 2017: $13,808,195Liabilities 2017: $15,184,665Net Assets 2017: -$1,376,4702017Assets 2018: $15,335,471Liabilities 2018: $16,935,349Net Assets 2018: -$1,599,8782018Assets 2019: $8,986,364Liabilities 2019: $17,243,283Net Assets 2019: -$8,256,9192019Assets 2020: $8,924,453Liabilities 2020: $17,746,239Net Assets 2020: -$8,821,7862020Assets 2021: $14,646,057Liabilities 2021: $20,103,039Net Assets 2021: -$5,456,9822021Assets 2022: $26,912,937Liabilities 2022: $43,418,380Net Assets 2022: -$16,505,4432022Assets 2023: $32,536,227Liabilities 2023: $42,786,284Net Assets 2023: -$10,250,0572023Assets 2024: $34,950,330Liabilities 2024: $43,257,396Net Assets 2024: -$8,307,0662024

Highlighted filing

2016

Assets$10,329,494
Liabilities$12,700,427
Net Assets-$2,370,933
Open 2016 Filing

Operations Trend

Revenue Growth34th percentile

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

$40M$20M$0-$20MExpenses 2011: $10,847,4132011Expenses 2012: $18,791,7182012Expenses 2013: $18,163,3282013Revenue 2014: $21,525,479Expenses 2014: $21,060,073Net Income 2014: $465,4062014Revenue 2015: $25,349,703Expenses 2015: $22,999,421Net Income 2015: $2,350,2822015Revenue 2016: $24,842,369Expenses 2016: $23,951,986Net Income 2016: $890,3832016Revenue 2017: $26,826,758Expenses 2017: $24,979,136Net Income 2017: $1,847,6222017Revenue 2018: $27,029,240Expenses 2018: $27,252,648Net Income 2018: -$223,4082018Revenue 2019: $24,613,988Expenses 2019: $30,074,920Net Income 2019: -$5,460,9322019Revenue 2020: $25,262,136Expenses 2020: $24,773,340Net Income 2020: $488,7962020Revenue 2021: $37,851,009Expenses 2021: $33,647,486Net Income 2021: $4,203,5232021Revenue 2022: $37,235,602Expenses 2022: $33,948,361Net Income 2022: $3,287,2412022Revenue 2023: $30,772,423Expenses 2023: $23,072,350Net Income 2023: $7,700,0732023Revenue 2024: $25,957,752Expenses 2024: $22,963,048Net Income 2024: $2,994,7042024

Highlighted filing

2016

Revenue$24,842,369
Expenses$23,951,986
Net Income$890,383
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 21, 2016
Return Version
2015v2.1
Gross Receipts
$24,842,369
Mission and Program Overview

Mission

Uses the k12 curriculum to offer south carolina students in grades k-12 an exceptional learning experience with individualized learning approaches, the south carolina virtual charter school and k12 provide the tools kids need to succeed - in school and beyond

Uses the k12 curriculum to offer south carolina students in grades k-12 an exceptional learning experience with individualized learning approaches, the south carolina virtual charter school and k12 provide the tools kids need to succeed- in school and beyond

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$7,590,713$8,092,922▲ $502,209
Accounts Receivable$86,104$90,204▲ $4,100
Prepaid Expenses and Deferred Charges$22,317$58,880▲ $36,563
Land, Buildings, and Equipment, Net$3,546$994▼ $2,552
Total Assets$8,101,209$10,329,494▲ $2,228,285
Other Assets Total$398,529$2,086,494▲ $1,687,965
Liabilities
Other Liabilities$8,462,173$10,476,648▲ $2,014,475
Accounts Payable and Accrued Expenses$2,411,184$2,137,801▼ $273,383
Deferred Revenue$105,860$85,978▼ $19,882
Total Liabilities$10,979,217$12,700,427▲ $1,721,210
Net Assets / Fund Balance
Unrestricted Net Assets$-2,878,008$-2,370,933▲ $507,075
Total Net Assets Fund Balance$-2,878,008$-2,370,933▲ $507,075
Total Liabilities and Net Assets / Fund Balance$8,101,209$10,329,494▲ $2,228,285

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$994$78,129-
Other Assets Org$365,412--
Compensation and Service Providers
Top Officer Pay28th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Dr L Cherry DanielHead of SchoFT$117,149$117,149

Board Members and Trustees

NameTitle
Julie Anne KornahrensBoard Chairp
Janet ThompsonVice-chairpe
Cathy BonnerTrustee
Clara HeinsohnTrustee
Dr Lyn MuellerTrustee
Julie ArmstrongTrustee
Emeriel HubbardTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
K-12 Management INCEd. Curriculum2300 CORPORATE DRIVE, Herndon, VA 20171$13,231,271
Atrium Holdings LLCReal EstatePO BOX 3546, Little Rock, AR 72203$143,540
Revenue and Support

Revenue Composition

Contributions and Grants
$24,792,802
Program Service Revenue
$49,567
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$890,383

Audited Revenue Reconciliation

Revenue per Audited Statements
$24,842,369
Total Revenue per Audited Statements
$24,842,369
Total Revenue per Form 990
$24,842,369
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$15,731,130
Salaries, Compensation, and Employee Benefits$8,220,856
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Information Technology$8,430,085$2,762-$8,432,847
Other Salaries and Wages$5,558,968$299,050-$5,858,018
Fees for Services Management$3,632$3,592,256-$3,595,888
Pension Plan Contributions$951,487$47,453-$998,940
Other Employee Benefits$773,869$10,544-$784,413
Payroll Taxes$439,331$23,005-$462,336
Office Expenses$277,423$11,233-$288,656
Occupancy$238,773$46,097-$284,870
Travel$168,151$51,095-$219,246
Current Officers, Directors, Trustees, and Key Employees$117,149--$117,149
Insurance$95,290--$95,290
Fees for Services Other$23,082$24,039-$47,121
Fees for Services Accounting$36,550--$36,550
Fees for Services Lobbying-$30,000-$30,000
All Other Expenses$1,570$5,686-$7,256
Other Expenses$5,744$295-$6,039
Depreciation Depletion$2,552--$2,552
Fees for Services Legal$100$1,147-$1,247
Total Functional Expenses$19,760,210$4,191,776$0$23,951,986

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$24,335,294
Expenses per Audited Statements$23,951,986
Total Expenses per Form 990$23,951,986
Expenses Not Reported on Form 990$383,308
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
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Pension Liability$10,457,946
Deferred Pension Credits$18,702
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
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, Page 6, Part VI, Line 11B

“The review is completed by the business operations manager, school's accountant, and reviewed by adminstration.”

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

“If a conflict or concern were to be disclosed, the school's attorney would be consulted to review the issue or concern”

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

“The school board sets the compensation for the head of school. They take into consideration salaries of other comparable positions in sc public schools.”

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

“The school board sets the compensation for the head of school. They take into consideration salaries of other comparable positions in sc public schools.”

Form 990, Page 6, Part VI, Line 19

“Governing documents, conflict of interest policy, and financial statement are available upon request from the south carolina public charter school district.”

Filing and Contact Details

Filer

Filer Name
South Carolina Virtual Charter
EIN
26-1966189
Phone
8032536222
Address
140 STONERIDGE DRIVE SUITE 420, COLUMBIA, SC 29210

Signing Officer

Name
Dr L Cherry Daniel
Title
Head of School
Phone
8664675184
Signed
2016-11-21

Organization Details

Principal Officer
Dr L Cherry Daniel
Formed
2007
Legal Domicile
Sc
Voting Board Members
7
Independent Board Members
7
Employees
149

Preparer

Firm
Greene Finney & Horton Llp
Address
800 E WASHINGTON ST STE D, GREENVILLE, SC 29601-3054
Preparer
Francis H Horton Iii CPA
Phone
8642325204
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Uses the k12 curriculum to offer south carolina students in grades k-12 an exceptional learning experience with individualized learning approaches, the south carolina virtual charter school and k12 provide the tools kids need to succeed - in school and beyond”

Form 990, Part XI, Line 9

“Change in net pension liability -383,308 total -383,308”

Financial Statement Notes

Schedule D, Page 4, Part XII, Line 2D

“Change in net pension liability 383,308”

Raw XML AppendixShowing 400 of 435 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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IRS990/MissionDesc0USES THE K12 CURRICULUM TO OFFER SOUTH CAROLINA STUDENTS IN GRADES K-12 AN EXCEPTIONAL LEARNING EXPERIENCE WITH INDIVIDUALIZED LEARNING APPROACHES, THE SOUTH CAROLINA VIRTUAL CHARTER SCHOOL AND K12 PROVIDE THE TOOLS KIDS NEED TO SUCCEED - IN SCHOOL AND BEYOND
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0-2878008
IRS990/NetAssetsOrFundBalancesEOYAmt0-2370933
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt046097
IRS990/OccupancyGrp/ProgramServicesAmt0238773
IRS990/OccupancyGrp/TotalAmt0284870
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt011233
IRS990/OfficeExpensesGrp/ProgramServicesAmt0277423
IRS990/OfficeExpensesGrp/TotalAmt0288656
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0398529
IRS990/OtherAssetsTotalGrp/EOYAmt02086494
IRS990/OtherChangesInNetAssetsAmt0-383308
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt010544
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0773869
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0784413
IRS990/OtherExpensesGrp/Desc0MATERIALS
IRS990/OtherExpensesGrp/Desc1STUDENT SERVICES
IRS990/OtherExpensesGrp/Desc2INSTRUCTION/TESTING SERV
IRS990/OtherExpensesGrp/Desc3BANK FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt026139
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt120975
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2295
IRS990/OtherExpensesGrp/ProgramServicesAmt02397031
IRS990/OtherExpensesGrp/ProgramServicesAmt1159780
IRS990/OtherExpensesGrp/ProgramServicesAmt279643
IRS990/OtherExpensesGrp/ProgramServicesAmt35744
IRS990/OtherExpensesGrp/TotalAmt02423170
IRS990/OtherExpensesGrp/TotalAmt1159780
IRS990/OtherExpensesGrp/TotalAmt2100618
IRS990/OtherExpensesGrp/TotalAmt36039
IRS990/OtherLiabilitiesGrp/BOYAmt08462173
IRS990/OtherLiabilitiesGrp/EOYAmt010476648
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0299050
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt05558968
IRS990/OtherSalariesAndWagesGrp/TotalAmt05858018
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt023005
IRS990/PayrollTaxesGrp/ProgramServicesAmt0439331
IRS990/PayrollTaxesGrp/TotalAmt0462336
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt047453
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0951487
IRS990/PensionPlanContributionsGrp/TotalAmt0998940
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt022317
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt058880
IRS990/PrincipalOfficerNm0DR L CHERRY DANIEL
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0SCHOOL TUITION
IRS990/ProgramServiceRevenueGrp/Desc1MISC INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt032150
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt117417
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt032150
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt117417
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt025297353
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt015505708
IRS990/PYProgramServiceRevenueAmt052350
IRS990/PYRevenuesLessExpensesAmt02350282
IRS990/PYSalariesCompEmpBnftPaidAmt07493713
IRS990/PYTotalExpensesAmt022999421
IRS990/PYTotalRevenueAmt025349703
IRS990/ReconcilationRevenueExpnssAmt0890383
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt049567
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearAmt01500
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus1Amt01500
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus2Amt01516
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/TotalAmt04516
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearAmt06000
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus1Amt06000
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus2Amt06062
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/TotalAmt018062
IRS990ScheduleC/GrassrootsCeilingAmt06774
IRS990ScheduleC/GrassrootsNontaxableGrp/FilingOrganizationsTotalAmt01500
IRS990ScheduleC/LobbyingCeilingAmt027093
IRS990ScheduleC/LobbyingNontaxableAmountGrp/FilingOrganizationsTotalAmt06000
IRS990ScheduleC/OtherExemptPurposeExpendGrp/FilingOrganizationsTotalAmt030000
IRS990ScheduleC/TotalExemptPurposeExpendGrp/FilingOrganizationsTotalAmt030000
IRS990ScheduleD/EquipmentGrp/BookValueAmt0994
IRS990ScheduleD/EquipmentGrp/DepreciationAmt078129
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt079123
IRS990ScheduleD/ExpensesNotReportedAmt0383308
IRS990ScheduleD/ExpensesSubtotalAmt023951986
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01721082
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1365412
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0NET DEFERRED OUTFLOW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DUE FROM OTHER GOV'T
IRS990ScheduleD/OtherExpensesIncludedAmt0383308
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt010457946
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt118702
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED PENSION CREDITS
IRS990ScheduleD/RevenueSubtotalAmt024842369
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CHANGE IN NET PENSION LIABILITY 383,308
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0994
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02086494
IRS990ScheduleD/TotalExpensesPerForm990Amt023951986
IRS990ScheduleD/TotalLiabilityAmt010476648
IRS990ScheduleD/TotalRevenuePerForm990Amt024842369
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt024842369
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt024335294
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE POLICY IS DISPLAYED ON THE SC VIRTUAL CHARTER SCHOOL WEBSITE AND STATES: "THE SOUTH CAROLINA PUBLIC CHARTER SCHOOL DISTRICT AND SOUTH CAROLINA VIRTUAL CHARTER SCHOOL DO NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, NATIONAL ORIGIN, SEX, DISABILITY, AGE, RELIGION, OR IMMIGRANT STATUS IN ITS PROGRAMS AND ACTIVITIES AND PROVIDES EQUAL ACCESS TO THE BOY SCOUTS AND OTHER DESIGNATED YOUTH GROUPS."
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0USES THE K12 CURRICULUM TO OFFER SOUTH CAROLINA STUDENTS IN GRADES K-12 AN EXCEPTIONAL LEARNING EXPERIENCE WITH INDIVIDUALIZED LEARNING APPROACHES, THE SOUTH CAROLINA VIRTUAL CHARTER SCHOOL AND K12 PROVIDE THE TOOLS KIDS NEED TO SUCCEED - IN SCHOOL AND BEYOND
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE REVIEW IS COMPLETED BY THE BUSINESS OPERATIONS MANAGER, SCHOOL'S ACCOUNTANT, AND REVIEWED BY ADMINSTRATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IF A CONFLICT OR CONCERN WERE TO BE DISCLOSED, THE SCHOOL'S ATTORNEY WOULD BE CONSULTED TO REVIEW THE ISSUE OR CONCERN
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE SCHOOL BOARD SETS THE COMPENSATION FOR THE HEAD OF SCHOOL. THEY TAKE INTO CONSIDERATION SALARIES OF OTHER COMPARABLE POSITIONS IN SC PUBLIC SCHOOLS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE SCHOOL BOARD SETS THE COMPENSATION FOR THE HEAD OF SCHOOL. THEY TAKE INTO CONSIDERATION SALARIES OF OTHER COMPARABLE POSITIONS IN SC PUBLIC SCHOOLS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENT ARE AVAILABLE UPON REQUEST FROM THE SOUTH CAROLINA PUBLIC CHARTER SCHOOL DISTRICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CHANGE IN NET PENSION LIABILITY -383,308 TOTAL -383,308
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0SC
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt08101209
IRS990/TotalAssetsEOYAmt010329494
IRS990/TotalAssetsGrp/BOYAmt08101209
IRS990/TotalAssetsGrp/EOYAmt010329494
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt024792802
IRS990/TotalEmployeeCnt0149
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt04191776
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt019760210
IRS990/TotalFunctionalExpensesGrp/TotalAmt023951986
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt010979217
IRS990/TotalLiabilitiesEOYAmt012700427
IRS990/TotalLiabilitiesGrp/BOYAmt010979217
IRS990/TotalLiabilitiesGrp/EOYAmt012700427
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-2878008
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-2370933
IRS990/TotalProgramServiceExpensesAmt019760210
IRS990/TotalProgramServiceRevenueAmt049567
IRS990/TotalReportableCompFromOrgAmt0117149
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt049567
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt024842369
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt08101209
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt010329494
IRS990/TravelGrp/ManagementAndGeneralAmt051095
IRS990/TravelGrp/ProgramServicesAmt0168151
IRS990/TravelGrp/TotalAmt0219246
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-2878008
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-2370933
IRS990/UponRequestInd0X

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
$10,329,494
Liabilities
$12,700,427
Net assets
-$2,370,933
Revenue
$24,842,369
Expenses
$23,951,986
Net income
$890,383
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.0$43.3$8.31$26.0$23.0$2.99
2023Detailed filing. Detailed filing data is available for this year.$32.5$42.8$10.3$30.8$23.1$7.70
2022Detailed filing. Detailed filing data is available for this year.$26.9$43.4$16.5$37.2$33.9$3.29
2021Detailed filing. Detailed filing data is available for this year.$14.6$20.1$5.46$37.9$33.6$4.20
2020Detailed filing. Detailed filing data is available for this year.$8.92$17.7$8.82$25.3$24.8$0.49
2019Detailed filing. Detailed filing data is available for this year.$8.99$17.2$8.26$24.6$30.1$5.46
2018Detailed filing. Detailed filing data is available for this year.$15.3$16.9$1.60$27.0$27.3$0.22
2017Detailed filing. Detailed filing data is available for this year.$13.8$15.2$1.38$26.8$25.0$1.85
2016Detailed filing. Detailed filing data is available for this year.$10.3$12.7$2.37$24.8$24.0$0.89
2015Detailed filing. Detailed filing data is available for this year.$8.10$11.0$2.88$25.3$23.0$2.35
2014Detailed filing. Detailed filing data is available for this year.$8.21$5.06$3.14$21.5$21.1$0.47
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.50$1.82$2.68$18.2
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.57$2.57$0.00$18.8
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.07$3.07$0.00$10.8