Civic Intelligence

Idaho Virtual Education Partners Incorporated

990 • Fiscal year 2016 • EIN 26-3814847

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

1st 6th Street NorthNampa, ID 83687

(208) 287-3668

Siviq Scores

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

Liabilities / Assets

56th percentile

0.15x

Higher debt load relative to assets than 56% of similar nonprofits.

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

Liabilities / Revenue

55th percentile

0.14x

Higher debt load relative to revenue than 55% of similar nonprofits.

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

Net Margin

39th percentile

-0.6%

Higher net margin than 39% of similar nonprofits.

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

Top Officer Pay

81st percentile

$139,450

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 7.8% of source-year revenue.

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

Asset Growth

52nd percentile

1.8%

Faster asset growth than 52% of similar nonprofits.

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

Revenue Growth

33rd percentile

-3.8%

Faster revenue growth than 33% of similar nonprofits.

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

Assets

Up

$1,664,103

Up $29,628 (+1.8%) from 2015

Net Assets

Down

$1,419,831

Down $9,967 (-0.7%) from 2015

Liabilities

Up

$244,272

Up $39,595 (+19%) from 2015

Revenue

Down

$1,794,821

Down $71,657 (-3.8%) from 2015

Expenses

Up

$1,804,788

Up $340,144 (+23%) from 2015

Net Income

Down

-$9,967

Down $411,801 (-102%) from 2015

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $1,227,856Liabilities 2011: $989,111Net Assets 2011: $238,7452011Assets 2012: $623,942Liabilities 2012: $326,499Net Assets 2012: $297,4432012Assets 2013: $861,758Liabilities 2013: $117,097Net Assets 2013: $744,6612013Assets 2014: $1,185,492Liabilities 2014: $157,528Net Assets 2014: $1,027,9642014Assets 2015: $1,634,475Liabilities 2015: $204,677Net Assets 2015: $1,429,7982015Assets 2016: $1,664,103Liabilities 2016: $244,272Net Assets 2016: $1,419,8312016Assets 2017: $1,705,250Liabilities 2017: $144,901Net Assets 2017: $1,560,3492017Assets 2018: $1,536,918Liabilities 2018: $160,463Net Assets 2018: $1,376,4552018Assets 2019: $1,839,902Liabilities 2019: $305,548Net Assets 2019: $1,534,3542019Assets 2020: $2,442,920Liabilities 2020: $338,437Net Assets 2020: $2,104,4832020Assets 2021: $2,697,130Liabilities 2021: $353,600Net Assets 2021: $2,343,5302021Assets 2022: $2,036,199Liabilities 2022: $223,794Net Assets 2022: $1,812,4052022

Highlighted filing

2016

Assets$1,664,103
Liabilities$244,272
Net Assets$1,419,831

Operations Trend

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

$4.0M$2.0M$0-$2.0MExpenses 2011: $1,627,4672011Expenses 2012: $1,060,8252012Expenses 2013: $1,006,8452013Revenue 2014: $1,532,103Expenses 2014: $1,248,800Net Income 2014: $283,3032014Revenue 2015: $1,866,478Expenses 2015: $1,464,644Net Income 2015: $401,8342015Revenue 2016: $1,794,821Expenses 2016: $1,804,788Net Income 2016: -$9,9672016Revenue 2017: $2,054,987Expenses 2017: $1,914,469Net Income 2017: $140,5182017Revenue 2018: $1,963,982Expenses 2018: $2,147,876Net Income 2018: -$183,8942018Revenue 2019: $2,644,904Expenses 2019: $2,487,005Net Income 2019: $157,8992019Revenue 2020: $3,245,276Expenses 2020: $2,675,147Net Income 2020: $570,1292020Revenue 2021: $3,161,795Expenses 2021: $2,922,748Net Income 2021: $239,0472021Revenue 2022: $3,090,250Expenses 2022: $3,621,375Net Income 2022: -$531,1252022

Highlighted filing

2016

Revenue$1,794,821
Expenses$1,804,788
Net Income-$9,967
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Jan 30, 2017
Return Version
2015v3.0
Gross Receipts
$1,794,821
Mission and Program Overview

Mission

To harness the power of a flexible learning environment and modern educational technology to serve learners with diverse backgrounds and goals who seek an education alternative that stimulates and supports independent learning. Through the strength and flexibility of its standards-based online curriculum, combined with superior individualized support, we will create a learning environment that empowers students to rise to the challenge of independent, self-directed learning.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$867,896$1,140,787▲ $272,891
Savings and Temporary Cash Investments$240,591$240,760▲ $169
Prepaid Expenses and Deferred Charges$198,287$144,019▼ $54,268
Accounts Receivable$327,701$138,537▼ $189,164
Total Assets$1,634,475$1,664,103▲ $29,628
Liabilities
Accounts Payable and Accrued Expenses$204,677$244,272▲ $39,595
Total Liabilities$204,677$244,272▲ $39,595
Net Assets / Fund Balance
Unrestricted Net Assets$1,395,028$1,370,249▼ $24,779
Temporarily Rstr Net Assets$34,770$49,582▲ $14,812
Total Net Assets Fund Balance$1,429,798$1,419,831▼ $9,967
Total Liabilities and Net Assets / Fund Balance$1,634,475$1,664,103▲ $29,628
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Vickie McculloughSuperintendentFT$110,872$28,578$139,450

Board Members and Trustees

NameTitle
David HighPresident
Collette WilkesDirector
Jack McmahonDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$1,778,395
Program Service Revenue
$16,169
Investment Income
$257
Other Revenue
$0
Change in Net Assets
$-9,967

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,794,821
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,794,821
Total Revenue per Form 990
$1,794,821
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,362,646
Other Expenses$442,142
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$870,236--$870,236
Other Employee Benefits$150,290--$150,290
Current Officers, Directors, Trustees, and Key Employees$141,355--$141,355
Pension Plan Contributions$113,484--$113,484
Fees for Services Other$96,018$267-$96,285
Fees for Services Accounting-$90,000-$90,000
Payroll Taxes$87,204$77-$87,281
Information Technology$79,021$7,320-$86,341
Occupancy$46,757--$46,757
Office Expenses$14,277$228-$14,505
Travel$7,368$1,812-$9,180
Insurance-$7,810-$7,810
Other Expenses$820--$820
Fees for Services Legal$175--$175
Advertising$165--$165
Total Functional Expenses$1,697,274$107,514$0$1,804,788

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,804,788
Total Expenses per Audited Statements$1,804,788
Total Expenses per Form 990$1,804,788
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
No
Audit committee
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, Part VI, Section A, Line 8B

There were no formal committee meetings held during the tax year.

Form 990, Part VI, Section B, Line 11

The superintendent will review the form 990 prior to filing and send it to the board of directors. The superintendent will solicit questions regarding the return.

Form 990, Part VI, Section B, Line 12C

There is a general awareness and limited ability for conflicts.

Form 990, Part VI, Section B, Line 15A

The board determines an appropriate salary for the superintendent annually at one of its regular meetings.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy, and financial statements of the organization are available upon request at the organization's office.

Filing and Contact Details

Filer

Filer Name
Idaho Virtual Education Partners
EIN
26-3814847
Phone
2082873668
Address
1ST 6TH STREET NORTH, NAMPA, ID 83687
Doing Business As
Idaho Connects Online School

Signing Officer

Name
Dave High
Title
President
Phone
2082873668
Signed
2017-01-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dave High
Formed
2008
Legal Domicile
Id
Voting Board Members
3
Independent Board Members
3
Employees
32
Volunteers
0

Preparer

Firm
Harris & Co Pllc
Address
2289 S BONITO WAY STE 100, MERIDIAN, ID 83642
Preparer
Josh Tyree
Phone
2083338965
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Uncertain tax positions the accounting standard on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under that guidance, the charter may recognize tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. There were no unrecognized tax benefits identified or recorded as liabilities for fiscal year 2016. The charter files form 990 in the u.s. Federal jurisdiction. The charter is generally no longer subject to examination by the internal revenue service for years before 2012.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalExpensesPerForm990Amt01804788
IRS990ScheduleD/TotalRevenuePerForm990Amt01794821
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01794821
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01804788
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL IS A STATE CHARTERED PUBLIC SCHOOL AND RECEIVES SUBSTANTIALLY ALL OF ITS SUPPORT FROM THE IDAHO STATE DEPARTMENT OF EDUCATION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE WERE NO FORMAL COMMITTEE MEETINGS HELD DURING THE TAX YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE SUPERINTENDENT WILL REVIEW THE FORM 990 PRIOR TO FILING AND SEND IT TO THE BOARD OF DIRECTORS. THE SUPERINTENDENT WILL SOLICIT QUESTIONS REGARDING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THERE IS A GENERAL AWARENESS AND LIMITED ABILITY FOR CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD DETERMINES AN APPROPRIATE SALARY FOR THE SUPERINTENDENT ANNUALLY AT ONE OF ITS REGULAR MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS OF THE ORGANIZATION ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt034770
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt049582
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01634475
IRS990/TotalAssetsEOYAmt01664103
IRS990/TotalAssetsGrp/BOYAmt01634475
IRS990/TotalAssetsGrp/EOYAmt01664103
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01778395
IRS990/TotalEmployeeCnt032
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0107514
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01697274
IRS990/TotalFunctionalExpensesGrp/TotalAmt01804788
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0204677
IRS990/TotalLiabilitiesEOYAmt0244272
IRS990/TotalLiabilitiesGrp/BOYAmt0204677
IRS990/TotalLiabilitiesGrp/EOYAmt0244272
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01429798
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01419831
IRS990/TotalOtherCompensationAmt028578
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt016169
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt016169
IRS990/TotalProgramServiceExpensesAmt01697274
IRS990/TotalProgramServiceRevenueAmt016169
IRS990/TotalReportableCompFromOrgAmt0110872
IRS990/TotalRevenueGrp/ExclusionAmt0257
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt016169
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01794821
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01634475
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01664103
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt01812
IRS990/TravelGrp/ProgramServicesAmt07368
IRS990/TravelGrp/TotalAmt09180
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01395028
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01370249
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01ST 6TH STREET NORTH
IRS990/USAddress/CityNm0NAMPA
IRS990/USAddress/StateAbbreviationCd0ID
IRS990/USAddress/ZIPCd083687
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.ICONSCHOOL.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVE HIGH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02082873668
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-01-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IDAHO VIRTUAL EDUCATION PARTNERS
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0INCORPORATED
ReturnHeader/Filer/BusinessNameControlTxt0IDAH
ReturnHeader/Filer/EIN0263814847
ReturnHeader/Filer/PhoneNum02082873668
ReturnHeader/Filer/USAddress/AddressLine1Txt01ST 6TH STREET NORTH
ReturnHeader/Filer/USAddress/CityNm0NAMPA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0ID
ReturnHeader/Filer/USAddress/ZIPCd083687
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0264022510
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HARRIS & CO PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02289 S BONITO WAY STE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MERIDIAN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0ID
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd083642
ReturnHeader/PreparerPersonGrp/PhoneNum02083338965
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOSH TYREE
ReturnHeader/ReturnTs02017-02-15T16:50:34-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

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