Civic Intelligence

Knova Learning Oregon Knova Reynolds Public Charter School

990 • Fiscal year 2020 • EIN 26-4822611

Jul 01, 2019 to Jun 30, 2020 • Filed on Dec 15, 2020

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

1.53x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

85th percentile

1.02x

Higher debt load relative to revenue than 85% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

32nd percentile

-2.2%

Higher net margin than 32% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

77th percentile

$122,308

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 4.4% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

79th percentile

30%

Faster asset growth than 79% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

34th percentile

-9.0%

Faster revenue growth than 34% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,880,053

Up $432,144 (+30%) from 2019

Net Assets

Down

-$987,654

Down $61,026 (-6.6%) from 2019

Liabilities

Up

$2,867,707

Up $493,170 (+21%) from 2019

Revenue

Down

$2,798,728

Down $276,660 (-9.0%) from 2019

Expenses

Up

$2,859,754

Up $170,650 (+6.3%) from 2019

Net Income

Down

-$61,026

Down $447,310 (-116%) from 2019

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

2020

Assets$1,880,053
Liabilities$2,867,707
Net Assets-$987,654

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

2020

Revenue$2,798,728
Expenses$2,859,754
Net Income-$61,026
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Dec 15, 2020
Return Version
2019v5.1
Gross Receipts
$2,798,728
Mission and Program Overview

Mission

Operation of a public charter school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$24,481$524,545▲ $500,064
Cash and Non-Interest-Bearing Accounts$251,745$487,486▲ $235,741
Prepaid Expenses and Deferred Charges$62,932$35,178▼ $27,754
Land, Buildings, and Equipment, Net$24,664$25,314▲ $650
Accounts Receivable$225,721$2,932▼ $222,789
Total Assets$1,447,909$1,880,053▲ $432,144
Other Assets Total$858,366$804,598▼ $53,768
Liabilities
Other Liabilities$2,230,510$2,345,034▲ $114,524
Mortgage Notes Payable Secured by Investment Property-$330,929-
Accounts Payable and Accrued Expenses$144,027$147,304▲ $3,277
Deferred Revenue-$44,440-
Total Liabilities$2,374,537$2,867,707▲ $493,170
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-926,628$-987,654▼ $61,026
Total Net Assets Fund Balance$-926,628$-987,654▼ $61,026
Total Liabilities and Net Assets / Fund Balance$1,447,909$1,880,053▲ $432,144

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$25,314$16,749$42,063
Other Assets Org$28,893--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
John NelsonExecutive DirectorFT$92,252$30,056$122,308
Danielle BarnardPrincipal Grades 3-6FT$55,300$24,233$79,533
MARIA McCOLLUMPrincipal Grades K-2FT$54,500$23,972$78,472

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,777,570
Program Service Revenue
$78
Investment Income
$0
Other Revenue
$21,080
All Other Contributions
$7,500
Change in Net Assets
$-61,026

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,798,728
Total Revenue per Audited Statements
$2,798,728
Total Revenue per Form 990
$2,798,728
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,896,793
Other Expenses$962,961
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$716,438$199,243-$915,681
Occupancy-$566,754-$566,754
Pension Plan Contributions$297,271$98,132-$395,403
Current Officers, Directors, Trustees, and Key Employees-$353,020-$353,020
Other Employee Benefits$109,593$19,340-$128,933
Payroll Taxes$61,233$42,523-$103,756
Fees for Services Accounting-$55,824-$55,824
Office Expenses-$53,047-$53,047
Information Technology-$20,719-$20,719
Insurance-$19,032-$19,032
Fees for Services Legal-$16,872-$16,872
Other Expenses$65,990$8,526-$8,526
All Other Expenses$369$7,225-$7,594
Advertising-$6,135-$6,135
Travel-$255-$255
Total Functional Expenses$1,333,299$1,526,455$0$2,859,754

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,859,754
Total Expenses per Audited Statements$2,859,754
Total Expenses per Form 990$2,859,754
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Pension Liability$2,013,254
Pension Related Deferrals$286,780
Other Liabilities$45,000
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 35% controlled entity
No
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

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 3 to 5 business days before it is signed and submitted to the internal revenue service. Each board member is notified prior to filing to the irs, 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
Rockwood Preparatory Academy

Signing Officer

Name
Dr Jerome Fladoos
Title
Board Chair
Phone
5039071023
Signed
2020-12-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Jerome Fladoos
Formed
2009
Legal Domicile
Or
Voting Board Members
6
Independent Board Members
6
Employees
49
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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IRS990/ProgramServiceRevenueGrp/Desc0CHARGES FOR SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt078
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt078
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt02942203
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0945244
IRS990/PYOtherRevenueAmt028
IRS990/PYProgramServiceRevenueAmt0133157
IRS990/PYRevenuesLessExpensesAmt0386284
IRS990/PYSalariesCompEmpBnftPaidAmt01743860
IRS990/PYTotalExpensesAmt02689104
IRS990/PYTotalRevenueAmt03075388
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-61026
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt024481
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0524545
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt025314
IRS990ScheduleD/EquipmentGrp/DepreciationAmt016749
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt042063
IRS990ScheduleD/ExpensesSubtotalAmt02859754
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0775705
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt128893
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0PENSION RELATED DEFERRALS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RENT DEPOSIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02013254
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1286780
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt245000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PENSION RELATED DEFERRALS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2OTHER LIABILITIES
IRS990ScheduleD/RevenueSubtotalAmt02798728
IRS990ScheduleD/TotalBookValueLandBuildingsAmt025314
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0804598
IRS990ScheduleD/TotalExpensesPerForm990Amt02859754
IRS990ScheduleD/TotalLiabilityAmt02345034
IRS990ScheduleD/TotalRevenuePerForm990Amt02798728
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02798728
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02859754
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
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IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
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)
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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/ExplanationTxt1A COPY OF THE DRAFT OF THE 990 IS AVAILABLE FOR ALL VOTING MEMBERS OF THE BOARD TO REVIEW BETWEEN 3 TO 5 BUSINESS DAYS BEFORE IT IS SIGNED AND SUBMITTED TO THE INTERNAL REVENUE SERVICE. EACH BOARD MEMBER IS NOTIFIED PRIOR TO FILING TO THE IRS, AND AN ELECTRONIC COPY IS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATIONS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE GENERALLY NOT AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Committee meeting documentation Part VI line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0OR
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01447909
IRS990/TotalAssetsEOYAmt01880053
IRS990/TotalAssetsGrp/BOYAmt01447909
IRS990/TotalAssetsGrp/EOYAmt01880053
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt02777570
IRS990/TotalEmployeeCnt049
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01526455
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01333299
IRS990/TotalFunctionalExpensesGrp/TotalAmt02859754
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02374537
IRS990/TotalLiabilitiesEOYAmt02867707
IRS990/TotalLiabilitiesGrp/BOYAmt02374537
IRS990/TotalLiabilitiesGrp/EOYAmt02867707
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-926628
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-987654
IRS990/TotalOtherCompensationAmt078261
IRS990/TotalProgramServiceExpensesAmt01333299
IRS990/TotalProgramServiceRevenueAmt078
IRS990/TotalReportableCompFromOrgAmt0202052
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt021158
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02798728
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt025
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01447909
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01880053
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0255
IRS990/TravelGrp/TotalAmt0255
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.ROCKWOODPREP.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DR JEROME FLADOOS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum05039071023
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-12-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0KNOVA LEARNING OREGON
ReturnHeader/Filer/BusinessNameControlTxt0KNOV
ReturnHeader/Filer/EIN0264822611
ReturnHeader/Filer/USAddress/AddressLine1Txt0740 SE 182ND AVE
ReturnHeader/Filer/USAddress/CityNm0Portland
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OR
ReturnHeader/Filer/USAddress/ZIPCd097223
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PAULY ROGERS AND CO PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt012700 SW 72ND AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Portland

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