Civic Intelligence

Knova Learning Oregon Knova Reynolds Public Charter School

990 • Fiscal year 2019 • EIN 26-4822611

Jul 01, 2018 to Jun 30, 2019 • Filed on Oct 23, 2019

740 SE 182nd AvePortland, OR 97223

(503) 708-9687

Siviq Scores

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

Liabilities / Assets

97th percentile

1.64x

Higher debt load relative to assets than 97% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

84th percentile

0.77x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

69th percentile

13%

Higher net margin than 69% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

74th percentile

$113,192

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 3.7% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

91st percentile

52%

Faster asset growth than 91% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

66th percentile

12%

Faster revenue growth than 66% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$1,447,909

Up $492,286 (+52%) from 2018

Net Assets

Up

-$926,628

Up $386,284 (+29%) from 2018

Liabilities

Up

$2,374,537

Up $106,002 (+4.7%) from 2018

Revenue

Up

$3,075,388

Up $336,354 (+12%) from 2018

Expenses

Down

$2,689,104

Down $196,063 (-6.8%) from 2018

Net Income

Up

$386,284

Up $532,417 (+364%) from 2018

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

2019

Assets$1,447,909
Liabilities$2,374,537
Net Assets-$926,628

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

2019

Revenue$3,075,388
Expenses$2,689,104
Net Income$386,284
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Oct 23, 2019
Return Version
2018v3.1
Gross Receipts
$3,075,388
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$48,742$251,745▲ $203,003
Accounts Receivable$43,309$225,721▲ $182,412
Prepaid Expenses and Deferred Charges$62,019$62,932▲ $913
Land, Buildings, and Equipment, Net-$24,664-
Savings and Temporary Cash Investments$34,514$24,481▼ $10,033
Total Assets$955,623$1,447,909▲ $492,286
Other Assets Total$767,039$858,366▲ $91,327
Liabilities
Other Liabilities$2,027,390$2,230,510▲ $203,120
Accounts Payable and Accrued Expenses$137,842$144,027▲ $6,185
Mortgage Notes Payable Secured by Investment Property$103,303--
Total Liabilities$2,268,535$2,374,537▲ $106,002
Net Assets / Fund Balance
Unrestricted Net Assets$-1,312,912$-926,628▲ $386,284
Total Net Assets Fund Balance$-1,312,912$-926,628▲ $386,284
Total Liabilities and Net Assets / Fund Balance$955,623$1,447,909▲ $492,286

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$24,664$33,820$58,484
Other Land Buildings-$43,502$43,502
Other Assets Org$858,366--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Arielle HammondPrincipalFT$81,400$31,792$113,192
John NelsonExecutive DirectorFT$77,000$30,385$107,385

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,942,203
Program Service Revenue
$133,157
Investment Income
$0
Other Revenue
$28
All Other Contributions
$11,000
Change in Net Assets
$386,284

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,075,388
Total Revenue per Audited Statements
$3,075,388
Total Revenue per Form 990
$3,075,388
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,743,860
Other Expenses$945,244
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$687,195$256,993-$944,188
Occupancy-$476,694-$476,694
Pension Plan Contributions$223,983$113,441-$337,424
Current Officers, Directors, Trustees, and Key Employees-$226,687-$226,687
Other Employee Benefits$103,485$28,537-$132,022
Payroll Taxes$60,423$43,116-$103,539
Fees for Services Accounting-$54,363-$54,363
Fees for Services Other$18,199$30,573-$48,772
Office Expenses-$47,160-$47,160
Insurance-$21,565-$21,565
Other Expenses$88,094$9,344-$9,344
Information Technology-$7,513-$7,513
Advertising-$5,475-$5,475
All Other Expenses-$4,746-$4,746
Interest-$4,475-$4,475
Fees for Services Legal-$4,240-$4,240
Travel-$3,418-$3,418
Total Functional Expenses$1,193,227$1,495,877$0$2,689,104

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,689,104
Total Expenses per Audited Statements$2,689,104
Total Expenses per Form 990$2,689,104
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$107,779
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Pension Liability$1,915,896
Pension Related Deferrals$314,614
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

Officer directors etc family relationship Part VI line 2

Two of the board members are senior executives of knova learnings largest lendor, exalt.

Committee meeting documentation Part VI line 8B

THE GOVERNING BODY DID NOT DELEGATE AUTHORITY TO ACT ON ITS BEHALF TO AN EXECUTIVE COMMITTEE OR SIMILAR COMMITTEE At ANY TIME DURING THE ORGANIZATIONS TAX YEAR.

Form 990 governing body review Part VI line 11

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.

Governing documents etc available to public Part VI line 19

The organizations 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
Address
740 SE 182ND AVE, Portland, OR 97223
Doing Business As
Knova Reynolds Public Charter

Signing Officer

Name
Jerry Fladoos
Title
Board Chair
Phone
5039071023
Signed
2019-10-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jerry Fladoos
Formed
2009
Legal Domicile
Or
Voting Board Members
7
Independent Board Members
7
Employees
50
Volunteers
25

Preparer

Firm
Pauly Rogers and Co Pc
Address
12700 SW 72ND AVE, Portland, OR 97223
Preparer
Roy R Rogers
Phone
5036202632
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt033820
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt058484
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0858366
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0PENSION RELATED DEFERRALS
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt043502
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt043502
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01915896
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1314614
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PENSION RELATED DEFERRALS
IRS990ScheduleD/RevenueSubtotalAmt03075388
IRS990ScheduleD/TotalBookValueLandBuildingsAmt024664
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0858366
IRS990ScheduleD/TotalExpensesPerForm990Amt02689104
IRS990ScheduleD/TotalLiabilityAmt02230510
IRS990ScheduleD/TotalRevenuePerForm990Amt03075388
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IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
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IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
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IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL RECEIVED ASSISTANCE 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 0F INQUIRY.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Governmental Agency Financial Aid (Questions 6a and 6b)
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of nondiscriminatory policy (Question 3)
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IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0BEN LINDQUIST (FORMER KNOVA BOARD MEMBER) IS THE CEO OF THE SCHOOLS LARGEST LENDOR, EXALT. TINA LONG (KNOVA BOARD MEMBER) IS DIRECTOR OF ACADEMIC PROGRAMS OF EXALT.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0Supplemental Information for Schedule L
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TWO OF THE BOARD MEMBERS ARE SENIOR EXECUTIVES OF KNOVA LEARNINGS LARGEST LENDOR, EXALT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE GOVERNING BODY DID NOT DELEGATE AUTHORITY TO ACT ON ITS BEHALF TO AN EXECUTIVE COMMITTEE OR SIMILAR COMMITTEE At ANY TIME DURING THE ORGANIZATIONS TAX YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A 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/ExplanationTxt3THE ORGANIZATIONS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE GENERALLY NOT AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Committee meeting documentation Part VI line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TotalGrossUBIAmt00
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-926628
IRS990/TotalOtherCompensationAmt062177
IRS990/TotalProgramServiceExpensesAmt01193227
IRS990/TotalProgramServiceRevenueAmt0133157
IRS990/TotalReportableCompFromOrgAmt0158400
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0133185
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03075388
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt025
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0955623
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01447909
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt03418
IRS990/TravelGrp/TotalAmt03418
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-1312912
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-926628
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.KNOVALEARNING.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JERRY FLADOOS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum05039071023
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-10-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0KNOVA LEARNING OREGON
ReturnHeader/Filer/BusinessNameControlTxt0KNOV
ReturnHeader/Filer/EIN0264822611

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