Civic Intelligence

Cyber Village Academy Inc.

990 • Fiscal year 2010 • EIN 41-1890992

Jul 01, 2009 to Jun 30, 2010 • Filed on Feb 16, 2011

768 Hamline Avenue South55116
Siviq Scores

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

Liabilities / Assets

84th percentile

0.77x

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

2010 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2010

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2010

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2010

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2010

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2010

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

$423,260

No earlier filing loaded for comparison.

Net Assets

$96,649

No earlier filing loaded for comparison.

Liabilities

$326,611

No earlier filing loaded for comparison.

Revenue

-

No earlier filing loaded for comparison.

Expenses

$1,176,012

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

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 2010: $423,260Liabilities 2010: $326,611Net Assets 2010: $96,6492010Assets 2011: $485,652Liabilities 2011: $397,784Net Assets 2011: $87,8682011Assets 2012: $609,397Liabilities 2012: $466,315Net Assets 2012: $143,0822012Assets 2013: $402,359Liabilities 2013: $187,229Net Assets 2013: $215,1302013Assets 2014: $516,229Liabilities 2014: $165,394Net Assets 2014: $350,8352014Assets 2015: $970,106Liabilities 2015: $1,226,103Net Assets 2015: -$255,9972015Assets 2016: $1,320,509Liabilities 2016: $1,472,579Net Assets 2016: -$152,0702016Assets 2017: $4,571,671Liabilities 2017: $5,378,026Net Assets 2017: -$806,3552017Assets 2018: $4,586,693Liabilities 2018: $6,386,104Net Assets 2018: -$1,799,4112018Assets 2019: $4,075,447Liabilities 2019: $5,336,168Net Assets 2019: -$1,260,7212019Assets 2020: $3,756,184Liabilities 2020: $5,269,766Net Assets 2020: -$1,513,5822020Assets 2021: $3,346,101Liabilities 2021: $4,478,079Net Assets 2021: -$1,131,9782021Assets 2022: $3,839,295Liabilities 2022: $5,234,055Net Assets 2022: -$1,394,7602022Assets 2023: $2,511,956Liabilities 2023: $3,648,582Net Assets 2023: -$1,136,6262023Assets 2024: $2,530,641Liabilities 2024: $3,340,231Net Assets 2024: -$809,5902024

Highlighted filing

2010

Assets$423,260
Liabilities$326,611
Net Assets$96,649

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,176,0122010Revenue 2011: $1,277,929Expenses 2011: $1,286,710Net Income 2011: -$8,7812011Expenses 2012: $1,415,9462012Expenses 2013: $1,640,8582013Revenue 2014: $1,798,497Expenses 2014: $1,662,792Net Income 2014: $135,7052014Revenue 2015: $2,250,822Expenses 2015: $1,908,164Net Income 2015: $342,6582015Revenue 2016: $2,714,003Expenses 2016: $2,610,076Net Income 2016: $103,9272016Revenue 2017: $3,209,560Expenses 2017: $3,863,845Net Income 2017: -$654,2852017Revenue 2018: $3,523,658Expenses 2018: $4,516,714Net Income 2018: -$993,0562018Revenue 2019: $3,383,030Expenses 2019: $2,844,340Net Income 2019: $538,6902019Revenue 2020: $3,710,573Expenses 2020: $3,963,434Net Income 2020: -$252,8612020Revenue 2021: $4,590,580Expenses 2021: $4,208,976Net Income 2021: $381,6042021Revenue 2022: $4,354,380Expenses 2022: $4,617,162Net Income 2022: -$262,7822022Revenue 2023: $4,035,431Expenses 2023: $3,777,297Net Income 2023: $258,1342023Revenue 2024: $4,672,999Expenses 2024: $4,345,963Net Income 2024: $327,0362024

Highlighted filing

2010

Revenue-
Expenses$1,176,012
Net Income-
Jump To
Filing Snapshot
Filing Period
Jul 1, 2009 to Jun 30, 2010
Signed
Feb 16, 2011
Return Version
2009v1.7
Gross Receipts
$1,224,855
Mission and Program Overview

Mission

Cyber Village Academy prepares students to meet the challenge of a rapidly changing world with confidence by helping them to become inquiring, knowledgeable, caring and active citizens who value academic rigor, integrity, self reliance and compassion.

Filing and Contact Details

Filer

EIN
41-1890992
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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0The Academy is exempt from federal and state income taxes under Internal Revenue Code 501(c)(3). Both are subject to tax on income from any unrelated business. On July 1, 2009, the Academy adopted the recognition requirements for uncertain income tax positions as required by the Financial Accounting Standards Board (FASB) ASC 740-10 (formerly known as FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes), with no cumulative effect adjustment required. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more likely-than-not be sustained upon examination by taxing authorities. The Academy have analyzed tax positions taken for filing with the Internal Revenue Service and state jurisdiction where they operate. The Academy Company believe that income tax filing positions will be sustained upon examination and do not anticipate any adjustments that would result in a material adverse affect on their respective financial condition, results of operation or cash flows. Accordingly, the Academy have not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at June 30, 2010.
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IRS990ScheduleE/GovtFinancialAidExplanation0The School receives aids through the State of Minnesota for the purpose of providing educational services to its students.
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IRS990ScheduleE/PubViaBroadcastMediaExpln0Cyber Village Academy does not advertise or market itself. The Academy's admissions policies, including nondiscrimination policy are published on the school's website and as such are readily available to the public.
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IRS990ScheduleL/Form990ScheduleLPartIV/DescriptionOfTransaction0Cyber Village Academy has contracted with Designs for Learning for accounting, payroll, audit, special education and director services.
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IRS990ScheduleO/GeneralExplanation/Explanation0The school director's duties are normally an internal function of a charter school. Cyber Village outsources these duties to Designs for Learning.
IRS990ScheduleO/GeneralExplanation/Explanation1The bylaws of the Academy were changed in 2010 to ensure compliance with changes in MN statutes.
IRS990ScheduleO/GeneralExplanation/Explanation2There are no committees with the authority to act on behalf of governing body.
IRS990ScheduleO/GeneralExplanation/Explanation3The return is reviewed and signed by the School's Director prior to filing.
IRS990ScheduleO/GeneralExplanation/Explanation4The Board receives training and information from MDE, Designs for Learning and MACS about required policies and procedures. Every year the board completes conflict of interest questionnaires and files them with Designs for Learning.
IRS990ScheduleO/GeneralExplanation/Explanation5Officers of the Board receive their regular salary whether or not they serve on the Board - in other words, Board membership or Board Officer status have no impact on salary. The school's director is not an employee, and the contract amount paid for his services was established when he was hired in August 2007 as the same amount of his predecessor, the founding director of the school, was paid as an employee. The Director prepares a school budget, including salaries and benefits budgets, which the board approves. In the past several years, because of the school's financial situation, salaries have remained flat. In the future, compensation issues might be addressed by engaging the services of an HR consultant, forming a compensation (or salary review) committee made up of a majority of non-teacher board members and/or community members.
IRS990ScheduleO/GeneralExplanation/Explanation6The organization makes its 990 information, governing documents, conflict of interest policy and financial statements available upon request.
IRS990ScheduleO/GeneralExplanation/Explanation7The Board assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant annually. This process has not changed from the prior year.
IRS990ScheduleO/GeneralExplanation/Explanation8Made an effort to obtain information on compensation, if any, was paid from a related organization. No response received and no transactions noted.
IRS990ScheduleO/GeneralExplanation/Explanation9Several members of the board are teachers at the School. Minnesota State Statute 124D.10 Subd. 4.(g) requires the board to have at least one employed or contracted teacher.
IRS990ScheduleO/GeneralExplanation/Identifier0Form 990, Part VI, Section A, line 3
IRS990ScheduleO/GeneralExplanation/Identifier1Form 990, Part VI, Section A, line 4
IRS990ScheduleO/GeneralExplanation/Identifier2Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/GeneralExplanation/Identifier3Form 990, Part VI, Section B, line 11
IRS990ScheduleO/GeneralExplanation/Identifier4Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/GeneralExplanation/Identifier5Form 990, Part VI, Section B, line 15b
IRS990ScheduleO/GeneralExplanation/Identifier6Form 990, Part VI, Section C, line 19
IRS990ScheduleO/GeneralExplanation/Identifier7Form 990. Part XI, line 2c.
IRS990ScheduleO/GeneralExplanation/Identifier8Form 990. Part VI, Section A, line 1b:
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IRS990/TotalExpensesPriorYear01090354
IRS990/TotalFunctionalExpenses/Fundraising00
IRS990/TotalFunctionalExpenses/ManagementAndGeneral0195572
IRS990/TotalFunctionalExpenses/ProgramServices0980440
IRS990/TotalFunctionalExpenses/Total01176012
IRS990/TotalFundrsngExpCurrentYear00
IRS990/TotalGrossUBI01066
IRS990/TotalLiabilities/BOY084184
IRS990/TotalLiabilitiesBOY084184
IRS990/TotalLiabilities/EOY0326611
IRS990/TotalLiabilitiesEOY0326611
IRS990/TotalLiabNetAssetsFundBalances/BOY0131990
IRS990/TotalLiabNetAssetsFundBalances/EOY0423260
IRS990/TotalNbrEmployees018
IRS990/TotalNbrVolunteers00
IRS990/TotalNetAssetsFundBalances/BOY047806
IRS990/TotalNetAssetsFundBalances/EOY096649
IRS990/TotalOtherCompensation043200
IRS990/TotalProfFundrsngExpCY00
IRS990/TotalProgramServiceExpense0980440
IRS990/TotalProgramServiceRevenue01005846
IRS990/TotalReportableCompFrmRltdOrgs00
IRS990/TotalReportableCompFromOrg0255845
IRS990/TotalRevenueCurrentYear01224855
IRS990/TotalRevenue/ExclusionAmount012
IRS990/TotalRevenuePriorYear01163399
IRS990/TotalRevenue/RelatedOrExemptFunctionIncome01005846
IRS990/TotalRevenue/TotalRevenueColumn01224855
IRS990/TotalRevenue/UnrelatedBusinessRevenue01066
IRS990/TransfersToExemptNonChrtblOrg00
IRS990/Travel/ProgramServices0857
IRS990/Travel/Total0857
IRS990/TypeOfOrganizationCorporation0X
IRS990/UnrelatedBusinessIncome00
IRS990/UponRequest0X
IRS990/WebSite0cva.k12.mn.us
IRS990/WhistleblowerPolicy00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.53$3.34$0.81$4.67$4.35$0.33
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.51$3.65$1.14$4.04$3.78$0.26
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.84$5.23$1.39$4.35$4.62$0.26
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.35$4.48$1.13$4.59$4.21$0.38
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.76$5.27$1.51$3.71$3.96$0.25
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.08$5.34$1.26$3.38$2.84$0.54
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.59$6.39$1.80$3.52$4.52$0.99
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.57$5.38$0.81$3.21$3.86$0.65
2016Detailed filing. Detailed filing data is available for this year.$1.32$1.47$0.15$2.71$2.61$0.10
2015Detailed filing. Detailed filing data is available for this year.$0.97$1.23$0.26$2.25$1.91$0.34
2014Detailed filing. Detailed filing data is available for this year.$0.52$0.17$0.35$1.80$1.66$0.14
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.40$0.19$0.22$1.64
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.61$0.47$0.14$1.42
2011Summary only. Only limited summary data is available for this year.$0.49$0.40$0.09$1.28$1.29$0.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.42$0.33$0.10$1.18