Civic Intelligence

South Carolina Virtual Charter School

990 • Fiscal year 2015 • EIN 26-1966189

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 08, 2016

Organization ProfileWWW.SCVCS.ORG
140 Stoneridge Dr No 420Columbia, SC 29210

(803) 253-6222

Siviq Scores

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

Liabilities / Assets

98th percentile

1.36x

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

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Liabilities / Revenue

58th percentile

0.43x

Higher debt load relative to revenue than 58% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Net Margin

65th percentile

9.3%

Higher net margin than 65% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Top Officer Pay

14th percentile

$117,149

Higher top officer pay than 14% of similar nonprofits.

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

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Asset Growth

34th percentile

-1.3%

Faster asset growth than 34% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Revenue Growth

78th percentile

18%

Faster revenue growth than 78% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$8,101,209

Down $105,972 (-1.3%) from 2014

Net Assets

Down

-$2,878,008

Down $6,021,976 (-192%) from 2014

Liabilities

Up

$10,979,217

Up $5,916,004 (+117%) from 2014

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin65th percentile

Revenue

Up

$25,349,703

Up $3,824,224 (+18%) from 2014

Expenses

Up

$22,999,421

Up $1,939,348 (+9.2%) from 2014

Net Income

Up

$2,350,282

Up $1,884,876 (+405%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth34th 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

2015

Assets$8,101,209
Liabilities$10,979,217
Net Assets-$2,878,008
Open 2015 Filing

Operations Trend

Revenue Growth78th 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

2015

Revenue$25,349,703
Expenses$22,999,421
Net Income$2,350,282
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 8, 2016
Return Version
2014v6.0
Gross Receipts
$25,349,703
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

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$4,664,886$7,590,713▲ $2,925,827
Accounts Receivable$3,523,016$86,104▼ $3,436,912
Prepaid Expenses and Deferred Charges$13,400$22,317▲ $8,917
Land, Buildings, and Equipment, Net$5,879$3,546▼ $2,333
Total Assets$8,207,181$8,101,209▼ $105,972
Other Assets Total-$398,529-
Liabilities
Other Liabilities$166$8,462,173▲ $8,462,007
Accounts Payable and Accrued Expenses$5,060,042$2,411,184▼ $2,648,858
Deferred Revenue$3,005$105,860▲ $102,855
Total Liabilities$5,063,213$10,979,217▲ $5,916,004
Net Assets / Fund Balance
Unrestricted Net Assets$3,143,968$-2,878,008▼ $6,021,976
Total Net Assets Fund Balance$3,143,968$-2,878,008▼ $6,021,976
Total Liabilities and Net Assets / Fund Balance$8,207,181$8,101,209▼ $105,972

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,546$75,577-
Compensation and Service Providers
Top Officer Pay14th percentile

Employees

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

Board Members and Trustees

NameTitle
Peggy HoganChairperson
Clara HeinsohnVice-chairpe
Julie Anne KornahrensTrustee
Lyn MuellerTrustee
Victoria Dixon-mokebaTrustee
Julie ArmstrongSecretary
Emeriel HubbardTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
K-12 Management INCEd. Curriculum2300 CORPORATE DRIVE, Herndon, VA 20171$13,373,597
Atrium Holdings LLCReal EstatePO BOX 3546, Little Rock, AR 72203$109,215
Revenue and Support

Revenue Composition

Contributions and Grants
$25,297,353
Program Service Revenue
$52,350
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$2,350,282

Audited Revenue Reconciliation

Revenue per Audited Statements
$25,349,703
Total Revenue per Audited Statements
$25,349,703
Total Revenue per Form 990
$25,349,703
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$15,505,708
Salaries, Compensation, and Employee Benefits$7,493,713
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Information Technology$8,430,137$94,611-$8,524,748
Other Salaries and Wages$5,154,144$260,955-$5,415,099
Fees for Services Management$3,097,959$485,474-$3,583,433
Pension Plan Contributions$814,511$46,345-$860,856
Other Employee Benefits$692,244$281-$692,525
Payroll Taxes$387,820$20,264-$408,084
Office Expenses$244,635$7,048-$251,683
Travel$165,699$53,374-$219,073
Occupancy$198,455--$198,455
Current Officers, Directors, Trustees, and Key Employees$117,149--$117,149
Insurance$83,586--$83,586
Fees for Services Lobbying-$30,000-$30,000
Fees for Services Accounting$17,000--$17,000
Fees for Services Legal-$13,946-$13,946
Fees for Services Other$11,112--$11,112
Depreciation Depletion$7,601--$7,601
Other Expenses$7,423$9,765-$7,423
All Other Expenses$996$4,049-$5,045
Payment Travel Entrtnmnt Publicly Ofcl$2,733--$2,733
Total Functional Expenses$21,932,194$1,067,227$0$22,999,421

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$23,028,747
Expenses per Audited Statements$22,999,421
Total Expenses per Form 990$22,999,421
Expenses Not Reported on Form 990$29,326
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$8,462,173
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 DR NO 420, COLUMBIA, SC 29210

Signing Officer

Name
Dr L Cherry Daniel
Title
Head of School
Phone
8032536222
Signed
2016-02-08

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 -29,326”

Form 990, Part XI, Line 9

“The prior period adjustment relates to the adoption of gasb statement number 68 and 71 that require the charter school to recognize a net pension liability, deferred outflows of resources and deferred inflows of resources for its participation in the south carolina retirement system, cost-sharing multiple-employer defined benefit pension plans, on financial statements prepared on the economic resources measurement focus and accrual basis of accounting.”

Financial Statement Notes

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

“Change in net pension liability 29,326”

Raw XML AppendixShowing 400 of 429 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
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IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt03143968
IRS990/NetAssetsOrFundBalancesEOYAmt0-2878008
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0198455
IRS990/OccupancyGrp/TotalAmt0198455
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt07048
IRS990/OfficeExpensesGrp/ProgramServicesAmt0244635
IRS990/OfficeExpensesGrp/TotalAmt0251683
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt0398529
IRS990/OtherChangesInNetAssetsAmt0-29326
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0281
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0692244
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0692525
IRS990/OtherExpensesGrp/Desc0MATERIALS
IRS990/OtherExpensesGrp/Desc1STUDENT SERVICES
IRS990/OtherExpensesGrp/Desc2INSTRUCTION/TESTING SERV
IRS990/OtherExpensesGrp/Desc3BANK FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt041115
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt19765
IRS990/OtherExpensesGrp/ProgramServicesAmt02281779
IRS990/OtherExpensesGrp/ProgramServicesAmt1130093
IRS990/OtherExpensesGrp/ProgramServicesAmt287118
IRS990/OtherExpensesGrp/ProgramServicesAmt37423
IRS990/OtherExpensesGrp/TotalAmt02322894
IRS990/OtherExpensesGrp/TotalAmt1130093
IRS990/OtherExpensesGrp/TotalAmt296883
IRS990/OtherExpensesGrp/TotalAmt37423
IRS990/OtherLiabilitiesGrp/BOYAmt0166
IRS990/OtherLiabilitiesGrp/EOYAmt08462173
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0260955
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt05154144
IRS990/OtherSalariesAndWagesGrp/TotalAmt05415099
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt020264
IRS990/PayrollTaxesGrp/ProgramServicesAmt0387820
IRS990/PayrollTaxesGrp/TotalAmt0408084
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt046345
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0814511
IRS990/PensionPlanContributionsGrp/TotalAmt0860856
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt013400
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt022317
IRS990/PrincipalOfficerNm0DR L CHERRY DANIEL
IRS990/PriorPeriodAdjustmentsAmt0-8342932
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0SCHOOL TUITION
IRS990/ProgramServiceRevenueGrp/Desc1MISC INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt037900
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt114450
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt037900
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt114450
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt021489294
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt02733
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt02733
IRS990/PYOtherExpensesAmt014643500
IRS990/PYProgramServiceRevenueAmt036185
IRS990/PYRevenuesLessExpensesAmt0465406
IRS990/PYSalariesCompEmpBnftPaidAmt06416573
IRS990/PYTotalExpensesAmt021060073
IRS990/PYTotalRevenueAmt021525479
IRS990/ReconcilationRevenueExpnssAmt02350282
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt052350
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearAmt01500
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus1Amt01516
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/TotalAmt03016
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearAmt06000
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus1Amt06062
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/TotalAmt012062
IRS990ScheduleC/GrassrootsCeilingAmt04524
IRS990ScheduleC/GrassrootsNontaxableGrp/FilingOrganizationsTotalAmt01500
IRS990ScheduleC/LobbyingCeilingAmt018093
IRS990ScheduleC/LobbyingNontaxableAmountGrp/FilingOrganizationsTotalAmt06000
IRS990ScheduleC/OtherExemptPurposeExpendGrp/FilingOrganizationsTotalAmt030000
IRS990ScheduleC/TotalExemptPurposeExpendGrp/FilingOrganizationsTotalAmt030000
IRS990ScheduleD/EquipmentGrp/BookValueAmt03546
IRS990ScheduleD/EquipmentGrp/DepreciationAmt075577
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt079123
IRS990ScheduleD/ExpensesNotReportedAmt029326
IRS990ScheduleD/ExpensesSubtotalAmt022999421
IRS990ScheduleD/OtherExpensesIncludedAmt029326
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt08462173
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET PENSION LIABILITY
IRS990ScheduleD/RevenueSubtotalAmt025349703
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CHANGE IN NET PENSION LIABILITY 29,326
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03546
IRS990ScheduleD/TotalExpensesPerForm990Amt022999421
IRS990ScheduleD/TotalLiabilityAmt08462173
IRS990ScheduleD/TotalRevenuePerForm990Amt025349703
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt025349703
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt023028747
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 -29,326
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE PRIOR PERIOD ADJUSTMENT RELATES TO THE ADOPTION OF GASB STATEMENT NUMBER 68 AND 71 THAT REQUIRE THE CHARTER SCHOOL TO RECOGNIZE A NET PENSION LIABILITY, DEFERRED OUTFLOWS OF RESOURCES AND DEFERRED INFLOWS OF RESOURCES FOR ITS PARTICIPATION IN THE SOUTH CAROLINA RETIREMENT SYSTEM, COST-SHARING MULTIPLE-EMPLOYER DEFINED BENEFIT PENSION PLANS, ON FINANCIAL STATEMENTS PREPARED ON THE ECONOMIC RESOURCES MEASUREMENT FOCUS AND ACCRUAL BASIS OF ACCOUNTING.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0SC
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt08101209
IRS990/TotalAssetsGrp/BOYAmt08207181
IRS990/TotalAssetsGrp/EOYAmt08101209
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt025297353
IRS990/TotalEmployeeCnt0149
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01067227
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt021932194
IRS990/TotalFunctionalExpensesGrp/TotalAmt022999421
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05063213
IRS990/TotalLiabilitiesEOYAmt010979217
IRS990/TotalLiabilitiesGrp/BOYAmt05063213
IRS990/TotalLiabilitiesGrp/EOYAmt010979217
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03143968
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-2878008
IRS990/TotalProgramServiceExpensesAmt021932194
IRS990/TotalProgramServiceRevenueAmt052350
IRS990/TotalReportableCompFromOrgAmt0117149
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt052350
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt025349703
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt08207181
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt08101209
IRS990/TravelGrp/ManagementAndGeneralAmt053374
IRS990/TravelGrp/ProgramServicesAmt0165699
IRS990/TravelGrp/TotalAmt0219073
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt03143968
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-2878008
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0140 STONERIDGE DR STE 420
IRS990/USAddress/CityNm0COLUMBIA
IRS990/USAddress/StateAbbreviationCd0SC
IRS990/USAddress/ZIPCd029210
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.SCVCS.ORG

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,101,209
Liabilities
$10,979,217
Net assets
-$2,878,008
Revenue
$25,349,703
Expenses
$22,999,421
Net income
$2,350,282
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