Civic Intelligence

Oklahoma Skynet Inc.

990 • Fiscal year 2016 • EIN 45-2682519

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 14, 2017

Organization ProfileWWW.K12.COM/OVCA/HOME
1160 S Douglas BlvdMidwest City, OK 73130

(405) 259-9478

Siviq Scores

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

Liabilities / Assets

91st percentile

0.98x

Higher debt load relative to assets than 91% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

42nd percentile

0.18x

Higher debt load relative to revenue than 42% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

37th percentile

-0.1%

Higher net margin than 37% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

2nd percentile

-32%

Faster asset growth than 2% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

62nd percentile

7.0%

Faster revenue growth than 62% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets91st percentile

Assets

Down

$2,282,067

Down $1,090,756 (-32%) from 2015

Net Assets

Down

$49,218

Down $11,655 (-19%) from 2015

Liabilities

Down

$2,232,849

Down $1,079,101 (-33%) from 2015

Revenue And Expenses
Liabilities / Revenue42nd percentileNet Margin37th percentile

Revenue

Up

$12,109,954

Up $787,228 (+7.0%) from 2015

Expenses

Up

$12,121,609

Up $788,829 (+7.0%) from 2015

Net Income

Down

-$11,655

Down $1,601 (-16%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth2nd percentile

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

$6.0M$4.0M$2.0M$0Assets 2012: $717,386Liabilities 2012: $717,386Net Assets 2012: $02012Assets 2013: $2,868,734Liabilities 2013: $2,868,734Net Assets 2013: $02013Assets 2014: $1,480,782Liabilities 2014: $1,409,855Net Assets 2014: $70,9272014Assets 2015: $3,372,823Liabilities 2015: $3,311,950Net Assets 2015: $60,8732015Assets 2016: $2,282,067Liabilities 2016: $2,232,849Net Assets 2016: $49,2182016Assets 2017: $2,624,604Liabilities 2017: $2,596,329Net Assets 2017: $28,2752017Assets 2018: $1,996,661Liabilities 2018: $1,992,601Net Assets 2018: $4,0602018Assets 2019: $2,093,467Liabilities 2019: $2,087,147Net Assets 2019: $6,3202019Assets 2020: $2,583,789Liabilities 2020: $2,562,482Net Assets 2020: $21,3072020Assets 2021: $2,376,480Liabilities 2021: $2,360,573Net Assets 2021: $15,9072021Assets 2022: $2,705,940Liabilities 2022: $2,695,900Net Assets 2022: $10,0402022Assets 2023: $4,695,688Liabilities 2023: $4,664,108Net Assets 2023: $31,5802023Assets 2024: $4,152,979Liabilities 2024: $3,897,779Net Assets 2024: $255,2002024Assets 2025: $3,091,772Liabilities 2025: $2,672,413Net Assets 2025: $419,3592025

Highlighted filing

2016

Assets$2,282,067
Liabilities$2,232,849
Net Assets$49,218
Open 2016 Filing

Operations Trend

Revenue Growth62nd percentile

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

$30M$20M$10M$0-$10MExpenses 2012: $1,900,5652012Revenue 2013: $10,303,924Expenses 2013: $10,303,924Net Income 2013: $02013Revenue 2014: $12,157,736Expenses 2014: $12,086,809Net Income 2014: $70,9272014Revenue 2015: $11,322,726Expenses 2015: $11,332,780Net Income 2015: -$10,0542015Revenue 2016: $12,109,954Expenses 2016: $12,121,609Net Income 2016: -$11,6552016Revenue 2017: $11,969,106Expenses 2017: $11,990,049Net Income 2017: -$20,9432017Revenue 2018: $11,459,494Expenses 2018: $11,483,709Net Income 2018: -$24,2152018Revenue 2019: $15,645,446Expenses 2019: $15,643,186Net Income 2019: $2,2602019Revenue 2020: $16,866,315Expenses 2020: $16,851,328Net Income 2020: $14,9872020Revenue 2021: $23,209,561Expenses 2021: $23,214,961Net Income 2021: -$5,4002021Revenue 2022: $22,911,561Expenses 2022: $22,917,428Net Income 2022: -$5,8672022Revenue 2023: $26,343,968Expenses 2023: $26,322,428Net Income 2023: $21,5402023Revenue 2024: $28,937,390Expenses 2024: $28,713,770Net Income 2024: $223,6202024Revenue 2025: $29,443,971Expenses 2025: $29,279,812Net Income 2025: $164,1592025

Highlighted filing

2016

Revenue$12,109,954
Expenses$12,121,609
Net Income-$11,655
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 14, 2017
Return Version
2015v3.0
Gross Receipts
$12,109,954
Mission and Program Overview

Mission

Oklahoma virtual charter academy, a public charter school, uses the k12.com curriculum to offer oklahoma students in grades k-12 an exceptional learning experience.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$3,372,823$2,282,067▼ $1,090,756
Total Assets$3,372,823$2,282,067▼ $1,090,756
Liabilities
Other Liabilities$3,311,950$2,232,849▼ $1,079,101
Total Liabilities$3,311,950$2,232,849▼ $1,079,101
Net Assets / Fund Balance
Unrestricted Net Assets$60,873$49,218▼ $11,655
Total Net Assets Fund Balance$60,873$49,218▼ $11,655
Total Liabilities and Net Assets / Fund Balance$3,372,823$2,282,067▼ $1,090,756
Compensation and Service Providers
Top Officer Pay12th percentile

Board Members and Trustees

NameTitle
Kristi GiffordPresident
Lisa LangeVice President
Pat JordanClerk
Terry HopperMember
Vickie HinkleMember
Revenue and Support

Revenue Composition

Contributions and Grants
$12,076,854
Program Service Revenue
$32,348
Investment Income
$0
Other Revenue
$752
Change in Net Assets
$-11,655

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,109,954
Total Revenue per Audited Statements
$12,109,954
Total Revenue per Form 990
$12,109,954
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$12,121,609
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$4,880,257$778,830-$5,659,087
Occupancy$4,499,519$13,741-$4,513,260
Travel$93,761$8,462-$102,223
Information Technology$96,997$2,619-$99,616
Insurance-$58,830-$58,830
Other Expenses$11,176$3,677-$11,176
Fees for Services Accounting-$10,350-$10,350
Office Expenses$425$181-$606
Advertising-$164-$164
Total Functional Expenses$11,201,206$920,403$0$12,121,609

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$12,121,609
Total Expenses per Audited Statements$12,121,609
Total Expenses per Form 990$12,121,609
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
Encumbrances$2,227,505
Funds Held for School Orgs$3,165
Warrants Payable$2,179
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
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 governing body review Part VI line 11

“The form 990 was provided electronically to each board member with sufficient time to review and provide feedback prior to filing with the irs.”

Conflict of interest policy compliance Part VI line 12C

“An annual disclosure policy is included in the board policies, and states: annual disclosure form: all affected persons shall complete and file a conflict of interest disclosure statement, in the form attached to this policy, to the secretary of the board annually within thirty days of the start of the fiscal year. The secretary shall review the forms in conjunction with the chair and vice chair and is responsible for ensuring compliance with this policy as to all matters that come before the board. The secretary shall inform the chair and vice chair in writing of those individuals who fail to timely furnish the annual disclosure form.”

CEO executive director top management comp Part VI line 15A

“The organizations top administrative official is paid as part of the organizations services agreement with the management company, which is an independent entity from the organization that is filing this form 990. Compensation of the top administrative official of the organization is established by the vice president of operations in conjunction with human resources, after reviewing comparability data.”

Governing documents etc available to public Part VI line 19

“Conflict of interest policies were discussed and signed during public meetings, financial documents were filed with the county clerk, audit documents are posted on the state of oklahomas website. Board policies and governing documents were discussed and adopted during a public meeting.”

Filing and Contact Details

Filer

Filer Name
Oklahoma Skynet Inc
EIN
45-2682519
Address
1160 S DOUGLAS BLVD, MIDWEST CITY, OK 73130
Doing Business As
Oklahoma Virtual Charter Acade

Signing Officer

Name
Sheryl Tatum
Title
Head of Schools
Phone
4052599478
Signed
2017-02-14
Discuss with paid preparer
No

Organization Details

Formed
2011
Legal Domicile
Ok
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Jenkins and Kemper CPA PC
Address
116 W Breckenridge Ave, BIXBY, OK 74008
Preparer
Michael Kemper CPA
Phone
9183664440
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

“Line 11g consists of fees paid for services relating to the curriculum and software used by the virtual school.”

Raw XML Appendix346 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 WAS PROVIDED ELECTRONICALLY TO EACH BOARD MEMBER WITH SUFFICIENT TIME TO REVIEW AND PROVIDE FEEDBACK PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AN ANNUAL DISCLOSURE POLICY IS INCLUDED IN THE BOARD POLICIES, AND STATES: ANNUAL DISCLOSURE FORM: ALL AFFECTED PERSONS SHALL COMPLETE AND FILE A CONFLICT OF INTEREST DISCLOSURE STATEMENT, IN THE FORM ATTACHED TO THIS POLICY, TO THE SECRETARY OF THE BOARD ANNUALLY WITHIN THIRTY DAYS OF THE START OF THE FISCAL YEAR. THE SECRETARY SHALL REVIEW THE FORMS IN CONJUNCTION WITH THE CHAIR AND VICE CHAIR AND IS RESPONSIBLE FOR ENSURING COMPLIANCE WITH THIS POLICY AS TO ALL MATTERS THAT COME BEFORE THE BOARD. THE SECRETARY SHALL INFORM THE CHAIR AND VICE CHAIR IN WRITING OF THOSE INDIVIDUALS WHO FAIL TO TIMELY FURNISH THE ANNUAL DISCLOSURE FORM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATIONS TOP ADMINISTRATIVE OFFICIAL IS PAID AS PART OF THE ORGANIZATIONS SERVICES AGREEMENT WITH THE MANAGEMENT COMPANY, WHICH IS AN INDEPENDENT ENTITY FROM THE ORGANIZATION THAT IS FILING THIS FORM 990. COMPENSATION OF THE TOP ADMINISTRATIVE OFFICIAL OF THE ORGANIZATION IS ESTABLISHED BY THE VICE PRESIDENT OF OPERATIONS IN CONJUNCTION WITH HUMAN RESOURCES, AFTER REVIEWING COMPARABILITY DATA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONFLICT OF INTEREST POLICIES WERE DISCUSSED AND SIGNED DURING PUBLIC MEETINGS, FINANCIAL DOCUMENTS WERE FILED WITH THE COUNTY CLERK, AUDIT DOCUMENTS ARE POSTED ON THE STATE OF OKLAHOMAS WEBSITE. BOARD POLICIES AND GOVERNING DOCUMENTS WERE DISCUSSED AND ADOPTED DURING A PUBLIC MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4LINE 11G CONSISTS OF FEES PAID FOR SERVICES RELATING TO THE CURRICULUM AND SOFTWARE USED BY THE VIRTUAL SCHOOL.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4List of other fees for services expenses Part IX line 11g
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IRS990/WebsiteAddressTxt0WWW.K12.COM/OVCA/HOME
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0SHERYL TATUM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0HEAD OF SCHOOLS
ReturnHeader/BusinessOfficerGrp/PhoneNum04052599478
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-02-14
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ReturnHeader/Filer/USAddress/AddressLine1Txt01160 S DOUGLAS BLVD
ReturnHeader/Filer/USAddress/CityNm0MIDWEST CITY
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ReturnHeader/Filer/USAddress/ZIPCd073130
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0731514558
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Jenkins and Kemper CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0116 W Breckenridge Ave
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BIXBY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd074008
ReturnHeader/PreparerPersonGrp/PhoneNum09183664440
ReturnHeader/PreparerPersonGrp/PreparationDt02017-02-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Michael Kemper CPA
ReturnHeader/ReturnTs02017-02-21T10:44:54-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,282,067
Liabilities
$2,232,849
Net assets
$49,218
Revenue
$12,109,954
Expenses
$12,121,609
Net income
-$11,655
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.09$2.67$0.42$29.4$29.3$0.16
2024Detailed filing. Detailed filing data is available for this year.$4.15$3.90$0.26$28.9$28.7$0.22
2023Detailed filing. Detailed filing data is available for this year.$4.70$4.66$0.03$26.3$26.3$0.02
2022Detailed filing. Detailed filing data is available for this year.$2.71$2.70$0.01$22.9$22.9$0.01
2021Detailed filing. Detailed filing data is available for this year.$2.38$2.36$0.02$23.2$23.2$0.01
2020Detailed filing. Detailed filing data is available for this year.$2.58$2.56$0.02$16.9$16.9$0.01
2019Detailed filing. Detailed filing data is available for this year.$2.09$2.09$0.01$15.6$15.6$0.00
2018Detailed filing. Detailed filing data is available for this year.$2.00$1.99$0.00$11.5$11.5$0.02
2017Detailed filing. Detailed filing data is available for this year.$2.62$2.60$0.03$12.0$12.0$0.02
2016Detailed filing. Detailed filing data is available for this year.$2.28$2.23$0.05$12.1$12.1$0.01
2015Detailed filing. Detailed filing data is available for this year.$3.37$3.31$0.06$11.3$11.3$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.48$1.41$0.07$12.2$12.1$0.07
2013Summary only. Only limited summary data is available for this year.$2.87$2.87$0.00$10.3$10.3$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.72$0.72$0.00$1.90