Civic Intelligence

Knova Learning Oregon Knova Reynolds Public Charter School

990 • Fiscal year 2022 • EIN 26-4822611

Jul 01, 2021 to Jun 30, 2022 • Filed on Mar 13, 2023

740 SE 182nd AvePortland, OR 97233

(503) 708-9687

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.96x

Higher debt load relative to assets than 93% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

90th percentile

1.86x

Higher debt load relative to revenue than 90% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

62nd percentile

13%

Higher net margin than 62% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$99,223

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

96th percentile

139%

Faster asset growth than 96% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

35th percentile

-3.5%

Faster revenue growth than 35% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Assets

Up

$6,407,195

Up $3,731,555 (+139%) from 2021

Net Assets

Up

$248,845

Up $439,145 (+231%) from 2021

Liabilities

Up

$6,158,350

Up $3,292,410 (+115%) from 2021

Revenue

Down

$3,314,708

Down $121,364 (-3.5%) from 2021

Expenses

Up

$2,875,563

Up $223,375 (+8.4%) from 2021

Net Income

Down

$439,145

Down $344,739 (-44%) from 2021

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

2022

Assets$6,407,195
Liabilities$6,158,350
Net Assets$248,845

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

2022

Revenue$3,314,708
Expenses$2,875,563
Net Income$439,145
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Mar 13, 2023
Return Version
2021v4.2
Gross Receipts
$3,314,708
Mission and Program Overview

Mission

Operation of a public charter school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$244,494$4,729,932▲ $4,485,438
Savings and Temporary Cash Investments$993,623$298,248▼ $695,375
Accounts Receivable$116,882$245,808▲ $128,926
Cash and Non-Interest-Bearing Accounts$189,805$91,232▼ $98,573
Prepaid Expenses and Deferred Charges$109,374$62,589▼ $46,785
Total Assets$2,675,640$6,407,195▲ $3,731,555
Other Assets Total$1,021,462$979,386▼ $42,076
Liabilities
Mortgage Notes Payable Secured by Investment Property-$3,575,000-
Other Liabilities$2,744,187$2,488,265▼ $255,922
Accounts Payable and Accrued Expenses$121,753$95,085▼ $26,668
Total Liabilities$2,865,940$6,158,350▲ $3,292,410
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-202,601$248,845▲ $451,446
Net Assets With Donor Restrictions$12,301--
Total Net Assets Fund Balance$-190,300$248,845▲ $439,145
Total Liabilities and Net Assets / Fund Balance$2,675,640$6,407,195▲ $3,731,555

Asset Categories

AssetBook ValueDepreciationBasis
Land$2,701,000-$2,701,000
Buildings$1,807,932-$1,807,932
Equipment$221,000$79,711$300,711
Other Assets Org$8,688--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
John NelsonExecutive DirectorPT$93,607$5,616$99,223

Board Members and Trustees

NameTitle
Dr Jerome FladoosBoard Chair
Ana Matos-weaklandDirector
Jeff ReynoldsDirector
Preston SalamiDirector
Tina LongDirector
Catherine NicewoodSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$3,311,205
Program Service Revenue
$2,805
Investment Income
$698
Other Revenue
$0
All Other Contributions
$9,587
Change in Net Assets
$439,145

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,314,708
Total Revenue per Audited Statements
$3,314,708
Total Revenue per Form 990
$3,314,708
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,765,952
Other Expenses$1,109,611
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$972,170$268,352-$1,240,522
Occupancy-$577,419-$577,419
Pension Plan Contributions$112,553$50,844-$163,397
Other Employee Benefits$107,671$26,860-$134,531
Payroll Taxes$91,591$32,303-$123,894
Current Officers, Directors, Trustees, and Key Employees-$103,608-$103,608
Depreciation Depletion-$81,449-$81,449
Fees for Services Accounting-$78,384-$78,384
Information Technology-$61,811-$61,811
Fees for Services Legal-$48,569-$48,569
Insurance-$29,922-$29,922
Interest-$15,728-$15,728
Office Expenses-$12,568-$12,568
Other Expenses$7,710$115-$7,825
All Other Expenses-$5,258-$5,258
Advertising-$2,050-$2,050
Travel-$49-$49
Total Functional Expenses$1,423,864$1,451,699$0$2,875,563

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,875,563
Total Expenses per Audited Statements$2,875,563
Total Expenses per Form 990$2,875,563
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 - Pers$1,220,825
Pension Related Deferrals - Pers$1,217,563
Current Lease Liability$24,387
Accrued Interest Expense$15,420
Long Term Lease Liability$10,070
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 97233
Doing Business As
Rockwood Preparatory Academy

Signing Officer

Name
John Nelson
Title
Executive Direc
Phone
5039071023
Signed
2023-03-13
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
35
Volunteers
20

Preparer

Firm
Pauly Rogers and Co Pc
Address
12700 SW 72ND AVE, TIGARD, OR 97223
Preparer
Roy R Rogers
Phone
5036202632
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt0298248
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IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01807932
IRS990ScheduleD/EquipmentGrp/BookValueAmt0221000
IRS990ScheduleD/EquipmentGrp/DepreciationAmt079711
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0300711
IRS990ScheduleD/ExpensesSubtotalAmt02875563
IRS990ScheduleD/LandGrp/BookValueAmt02701000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02701000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt071500
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt134852
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2864346
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt38688
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0LONG TERM OBLIGATIONS LOAN ORIGINAT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RIGHT TO USE ASSET NET OF AMORTIZAT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2PENSION RELATED DEFERRALS - PERS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3OPEB RELATED DEFERRALS - RHIA
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01220825
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11217563
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt224387
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt310070
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt415420
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET PENSION LIABILITY - PERS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PENSION RELATED DEFERRALS - PERS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2CURRENT LEASE LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3LONG TERM LEASE LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4ACCRUED INTEREST EXPENSE
IRS990ScheduleD/RevenueSubtotalAmt03314708
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04729932
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0979386
IRS990ScheduleD/TotalExpensesPerForm990Amt02875563
IRS990ScheduleD/TotalLiabilityAmt02488265
IRS990ScheduleD/TotalRevenuePerForm990Amt03314708
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03314708
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02875563
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IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
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IRS990ScheduleE/MaintainScholarshipsRecsInd0true
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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 OF 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/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt03311205
IRS990/TotalEmployeeCnt035
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01451699
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01423864
IRS990/TotalFunctionalExpensesGrp/TotalAmt02875563
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02865940
IRS990/TotalLiabilitiesEOYAmt06158350
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IRS990/TotalLiabilitiesGrp/EOYAmt06158350
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0248845
IRS990/TotalOtherCompensationAmt05616
IRS990/TotalProgramServiceExpensesAmt01423864
IRS990/TotalProgramServiceRevenueAmt02805
IRS990/TotalReportableCompFromOrgAmt093607
IRS990/TotalRevenueGrp/ExclusionAmt0698
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02805
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03314708
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02675640
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06407195
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt049
IRS990/TravelGrp/TotalAmt049
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.ROCKWOODPREP.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN NELSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIREC
ReturnHeader/BusinessOfficerGrp/PhoneNum05039071023
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-03-13
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/ZIPCd097233

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