Civic Intelligence

Knova Learning Oregon Knova Reynolds Public Charter School

990 • Fiscal year 2017 • EIN 26-4822611

Jul 01, 2016 to Jun 30, 2017 • Filed on Feb 07, 2018

740 SE 182nd AvePortland, OR 97233

(503) 907-1023

Siviq Scores

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

Liabilities / Assets

98th percentile

1.76x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

84th percentile

0.86x

Higher debt load relative to revenue than 84% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

60th percentile

6.8%

Higher net margin than 60% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

37th percentile

$9,332

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

98th percentile

235%

Faster asset growth than 98% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

55th percentile

6.8%

Faster revenue growth than 55% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$1,535,196

Up $1,076,663 (+235%) from 2016

Net Assets

Up

-$1,166,779

Up $215,051 (+16%) from 2016

Liabilities

Up

$2,701,975

Up $861,612 (+47%) from 2016

Revenue

Up

$3,151,201

Up $201,097 (+6.8%) from 2016

Expenses

Down

$2,936,150

Down $865,433 (-23%) from 2016

Net Income

Up

$215,051

Up $1,066,530 (+125%) from 2016

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0-$5.0MAssets 2013: $895,390Liabilities 2013: $1,189,181Net Assets 2013: -$293,7912013Assets 2014: $466,360Liabilities 2014: $878,624Net Assets 2014: -$412,2642014Assets 2015: $695,942Liabilities 2015: $1,209,802Net Assets 2015: -$513,8602015Assets 2016: $458,533Liabilities 2016: $1,840,363Net Assets 2016: -$1,381,8302016Assets 2017: $1,535,196Liabilities 2017: $2,701,975Net Assets 2017: -$1,166,7792017Assets 2018: $955,623Liabilities 2018: $2,268,535Net Assets 2018: -$1,312,9122018Assets 2019: $1,447,909Liabilities 2019: $2,374,537Net Assets 2019: -$926,6282019Assets 2020: $1,880,053Liabilities 2020: $2,867,707Net Assets 2020: -$987,6542020Assets 2021: $2,675,640Liabilities 2021: $2,865,940Net Assets 2021: -$190,3002021Assets 2022: $6,407,195Liabilities 2022: $6,158,350Net Assets 2022: $248,8452022Assets 2023: $7,958,166Liabilities 2023: $6,533,161Net Assets 2023: $1,425,0052023Assets 2024: $8,194,578Liabilities 2024: $6,214,017Net Assets 2024: $1,980,5612024

Highlighted filing

2017

Assets$1,535,196
Liabilities$2,701,975
Net Assets-$1,166,779

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2013: $2,061,5262013Revenue 2014: $2,736,274Expenses 2014: $2,854,747Net Income 2014: -$118,4732014Revenue 2015: $2,730,667Expenses 2015: $2,201,221Net Income 2015: $529,4462015Revenue 2016: $2,950,104Expenses 2016: $3,801,583Net Income 2016: -$851,4792016Revenue 2017: $3,151,201Expenses 2017: $2,936,150Net Income 2017: $215,0512017Revenue 2018: $2,739,034Expenses 2018: $2,885,167Net Income 2018: -$146,1332018Revenue 2019: $3,075,388Expenses 2019: $2,689,104Net Income 2019: $386,2842019Revenue 2020: $2,798,728Expenses 2020: $2,859,754Net Income 2020: -$61,0262020Revenue 2021: $3,436,072Expenses 2021: $2,652,188Net Income 2021: $783,8842021Revenue 2022: $3,314,708Expenses 2022: $2,875,563Net Income 2022: $439,1452022Revenue 2023: $7,647,357Expenses 2023: $6,471,197Net Income 2023: $1,176,1602023Revenue 2024: $5,913,073Expenses 2024: $5,357,517Net Income 2024: $555,5562024

Highlighted filing

2017

Revenue$3,151,201
Expenses$2,936,150
Net Income$215,051
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Feb 7, 2018
Return Version
2016v3.0
Gross Receipts
$3,151,201
Mission and Program Overview

Mission

Operation of a public charter school.

Operation of a charter school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$9,654$217,752▲ $208,098
Prepaid Expenses and Deferred Charges$61,631$60,427▼ $1,204
Savings and Temporary Cash Investments$35,031$34,542▼ $489
Accounts Receivable$39,259$22,899▼ $16,360
Land, Buildings, and Equipment, Net$5,705$0▼ $5,705
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$458,533$1,535,196▲ $1,076,663
Other Assets Total$307,253$1,199,576▲ $892,323
Liabilities
Other Liabilities$1,561,046$2,374,307▲ $813,261
Unsecured Notes Loans Payable$198,586$198,586→ $0
Accounts Payable and Accrued Expenses$80,731$129,082▲ $48,351
Total Liabilities$1,840,363$2,701,975▲ $861,612
Net Assets / Fund Balance
Temporarily Rstr Net Assets$5,705--
Unrestricted Net Assets$-1,387,535$-1,166,779▲ $220,756
Total Net Assets Fund Balance$-1,381,830$-1,166,779▲ $215,051
Total Liabilities and Net Assets / Fund Balance$458,533$1,535,196▲ $1,076,663

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$77,322$77,322
Other Assets Org$1,199,576--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
John NelsonExecutive DirectorFT$7,292$2,040$9,332

Board Members and Trustees

NameTitle
Jerry FladoosBoard Chair
Cindy FloresMember
Jeff ReynoldsMember
Roy PittmanMember
Theresa DavisMember
Tina LongMember
Revenue and Support

Revenue Composition

Contributions and Grants
$2,780,019
Program Service Revenue
$165,913
Investment Income
$0
Other Revenue
$205,269
Change in Net Assets
$215,051

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,151,201
Total Revenue per Audited Statements
$3,151,201
Total Revenue per Form 990
$3,151,201
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,725,570
Other Expenses$1,210,580
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$810,108$301,475-$1,111,583
Occupancy-$512,158-$512,158
Pension Plan Contributions$227,677$88,007-$315,684
Other Employee Benefits$133,663$40,249-$173,912
Fees for Services Other$76,494$24,618-$101,112
Payroll Taxes$59,897$27,169-$87,066
Other Expenses$63,678$51,732-$51,732
Office Expenses-$45,229-$45,229
All Other Expenses$32,557$8,212-$40,769
Current Officers, Directors, Trustees, and Key Employees-$37,325-$37,325
Fees for Services Accounting-$33,020-$33,020
Interest-$19,748-$19,748
Insurance-$17,916-$17,916
Depreciation Depletion-$5,705-$5,705
Advertising-$1,979-$1,979
Fees for Services Legal-$1,530-$1,530
Total Functional Expenses$1,573,910$1,362,240$0$2,936,150

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,936,150
Total Expenses per Audited Statements$2,936,150
Total Expenses per Form 990$2,936,150
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
ExaltDual TdokesPaying Off LoanNo$88,031

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Pension Liability$2,025,365
Pension Related Deferrals$348,942
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
No
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, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

Two of the board members are senior executives of knova learning's largest lendor, exalt.

Form 990, Part VI, Line 11B: Form 990 Review Process

A copy of the draft of the 990 is available for all voting members of the board to review between three to five business days before it is signed and submitted to the internal revenue service. Each board member is notified and an electronic copy is available upon request.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The organization's governing documents, conflict of interest policy, and financial statements are generally not available to the public.

Filing and Contact Details

Filer

Filer Name
Knova Learning Oregon
EIN
26-4822611
Phone
5039071023
Address
740 SE 182ND AVE, PORTLAND, OR 97233

Signing Officer

Name
Jerry Fladoos
Title
Board Chair
Signed
2018-02-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jerry Fladoos
Formed
2009
Legal Domicile
Or
Voting Board Members
6
Independent Board Members
6
Employees
101
Volunteers
16

Preparer

Firm
Ras Groupllc
Address
7148 SW Gonzaga St, TIGARD, OR 97223
Preparer
Roy R Rogers
Phone
5036848421
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0810108
IRS990/OtherSalariesAndWagesGrp/TotalAmt01111583
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt027169
IRS990/PayrollTaxesGrp/ProgramServicesAmt059897
IRS990/PayrollTaxesGrp/TotalAmt087066
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt088007
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0227677
IRS990/PensionPlanContributionsGrp/TotalAmt0315684
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt061631
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt060427
IRS990/PrincipalOfficerNm0JERRY FLADOOS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0CHARGES FOR SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0165913
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0165913
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt02763626
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01121189
IRS990/PYOtherRevenueAmt09834
IRS990/PYProgramServiceRevenueAmt0176644
IRS990/PYRevenuesLessExpensesAmt0-851479
IRS990/PYSalariesCompEmpBnftPaidAmt02680394
IRS990/PYTotalExpensesAmt03801583
IRS990/PYTotalRevenueAmt02950104
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0215051
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt035031
IRS990/SavingsAndTempCashInvstGrp/EOYAmt034542
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt02936150
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01199576
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0PENSION RELATED DEFERRALS
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt077322
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt077322
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02025365
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1348942
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PENSION RELATED DEFERRALS
IRS990ScheduleD/RevenueSubtotalAmt03151201
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01199576
IRS990ScheduleD/TotalExpensesPerForm990Amt02936150
IRS990ScheduleD/TotalLiabilityAmt02374307
IRS990ScheduleD/TotalRevenuePerForm990Amt03151201
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03151201
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02936150
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/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL RECEIVED ASSISSTANCE FROM THE STATE DEPARTMENT OF EDUCATION.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1KNOVA LEARNING SCHOOL HAS A HANDBOOK THAT THEY HAND OUT AT REGISTRATION AND TO THE GENERAL PUBLIC AT TIME OF INQUIRY.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental Agency
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc3Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0EXALT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0DUAL TDOKES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt088031
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0PAYING OFF LOAN
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0BEN LINDQUIST (FORMER KNOVA BOARD MEMBER) IS THE CEO OF THE SCHOOL'S LARGEST LENDOR, EXALT. TINA LONG (KNOVA BOARD MEMBER) IS DIRECTOR OF ACADEMIC PROGRAMS OF EXALT.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule L, Part V Supplemental Information
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TWO OF THE BOARD MEMBERS ARE SENIOR EXECUTIVES OF KNOVA LEARNING'S LARGEST LENDOR, EXALT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE DRAFT OF THE 990 IS AVAILABLE FOR ALL VOTING MEMBERS OF THE BOARD TO REVIEW BETWEEN THREE TO FIVE BUSINESS DAYS BEFORE IT IS SIGNED AND SUBMITTED TO THE INTERNAL REVENUE SERVICE. EACH BOARD MEMBER IS NOTIFIED AND AN ELECTRONIC COPY IS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE GENERALLY NOT AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0OR
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt05705
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0458533
IRS990/TotalAssetsEOYAmt01535196
IRS990/TotalAssetsGrp/BOYAmt0458533
IRS990/TotalAssetsGrp/EOYAmt01535196
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt02780019
IRS990/TotalEmployeeCnt0101
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01362240
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01573910
IRS990/TotalFunctionalExpensesGrp/TotalAmt02936150
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01840363
IRS990/TotalLiabilitiesEOYAmt02701975
IRS990/TotalLiabilitiesGrp/BOYAmt01840363
IRS990/TotalLiabilitiesGrp/EOYAmt02701975
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1381830
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1166779
IRS990/TotalOtherCompensationAmt02040
IRS990/TotalProgramServiceExpensesAmt01573910
IRS990/TotalProgramServiceRevenueAmt0165913
IRS990/TotalReportableCompFromOrgAmt07292
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0371182
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03151201
IRS990/TotalVolunteersCnt016
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0458533
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01535196
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00

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