Civic Intelligence

Nevada Charter Academies

990 • Fiscal year 2021 • EIN 46-4706892

Jul 01, 2020 to Jun 30, 2021 • Filed on Jan 05, 2022

8377 W Patrick LnLas Vegas, NV 89113

(702) 970-6800

Siviq Scores

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

Liabilities / Assets

94th percentile

1.01x

Higher debt load relative to assets than 94% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Liabilities / Revenue

90th percentile

3.13x

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

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Net Margin

46th percentile

9.6%

Higher net margin than 46% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Top Officer Pay

7th percentile

$62,260

Higher top officer pay than 7% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Asset Growth

26th percentile

3.2%

Faster asset growth than 26% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2020 to 2021

Revenue Growth

78th percentile

46%

Faster revenue growth than 78% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2020 to 2021

Assets

Up

$56,770,215

Up $1,786,915 (+3.2%) from 2020

Net Assets

Up

-$524,643

Up $1,764,043 (+77%) from 2020

Liabilities

Up

$57,294,858

Up $22,872 (+0.0%) from 2020

Revenue

Up

$18,333,797

Up $5,759,726 (+46%) from 2020

Expenses

Up

$16,569,754

Up $2,792,812 (+20%) from 2020

Net Income

Up

$1,764,043

Up $2,966,914 (+247%) from 2020

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0-$20MAssets 2018: $38,946,350Liabilities 2018: $38,666,291Net Assets 2018: $280,0592018Assets 2019: $37,377,022Liabilities 2019: $38,462,837Net Assets 2019: -$1,085,8152019Assets 2020: $54,983,300Liabilities 2020: $57,271,986Net Assets 2020: -$2,288,6862020Assets 2021: $56,770,215Liabilities 2021: $57,294,858Net Assets 2021: -$524,6432021Assets 2022: $65,745,290Liabilities 2022: $67,313,628Net Assets 2022: -$1,568,3382022Assets 2023: $67,768,966Liabilities 2023: $71,907,022Net Assets 2023: -$4,138,0562023Assets 2024: $68,710,507Liabilities 2024: $72,473,690Net Assets 2024: -$3,763,1832024Assets 2025: $70,476,414Liabilities 2025: $74,556,790Net Assets 2025: -$4,080,3762025

Highlighted filing

2021

Assets$56,770,215
Liabilities$57,294,858
Net Assets-$524,643

Operations Trend

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

$30M$20M$10M$0-$10MRevenue 2018: $13,161,153Expenses 2018: $12,027,792Net Income 2018: $1,133,3612018Revenue 2019: $12,068,191Expenses 2019: $13,434,065Net Income 2019: -$1,365,8742019Revenue 2020: $12,574,071Expenses 2020: $13,776,942Net Income 2020: -$1,202,8712020Revenue 2021: $18,333,797Expenses 2021: $16,569,754Net Income 2021: $1,764,0432021Revenue 2022: $19,275,599Expenses 2022: $20,319,294Net Income 2022: -$1,043,6952022Revenue 2023: $20,319,330Expenses 2023: $22,889,048Net Income 2023: -$2,569,7182023Revenue 2024: $26,319,355Expenses 2024: $25,944,482Net Income 2024: $374,8732024Revenue 2025: $27,177,439Expenses 2025: $27,494,632Net Income 2025: -$317,1932025

Highlighted filing

2021

Revenue$18,333,797
Expenses$16,569,754
Net Income$1,764,043
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Jan 5, 2022
Return Version
2020v4.0
Gross Receipts
$18,333,797
Mission and Program Overview

Mission

Amplus academy operates as a free public charter school that welcomes and honors all. Our intent is that our students acquire knowledge and skills to become esteemed, distinguished, and productive citizens who preserve the pillars of a free and just society.

A public charter schools intent is that our students acquire knowledge and skills to become esteemed, distinguished, and productive citizens who preserve the pillars of a free and just society.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$45,928,700$45,288,626▼ $640,074
Cash and Non-Interest-Bearing Accounts$4,030,045$5,270,355▲ $1,240,310
Pledges and Grants Receivable$1,007,401$1,736,409▲ $729,008
Prepaid Expenses and Deferred Charges$28,951$85,410▲ $56,459
Total Assets$54,983,300$56,770,215▲ $1,786,915
Other Assets Total$3,988,203$4,389,415▲ $401,212
Liabilities
Other Liabilities$56,252,607$55,832,917▼ $419,690
Accounts Payable and Accrued Expenses$1,019,379$1,461,941▲ $442,562
Total Liabilities$57,271,986$57,294,858▲ $22,872
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-2,288,686$-524,643▲ $1,764,043
Total Net Assets Fund Balance$-2,288,686$-524,643▲ $1,764,043
Total Liabilities and Net Assets / Fund Balance$54,983,300$56,770,215▲ $1,786,915

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$44,280,811$3,549,189$47,830,000
Leasehold Improvements$836,676$342,626$1,179,302
Equipment$77,637$488,710$566,347
Other Land Buildings$93,502$85,591$179,093
Other Assets Org$213,015--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rachelle HuletManaging DirectorFT$51,280$10,980$62,260

Board Members and Trustees

NameTitle
Lee IglodyPresident
Candy FarthingBoard Member
Ernie ElliotBoard Member
Melissa St JeanSecretary
Jon GardnerTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Education Staffing Solutions LLCEducation Mgmt-$279,575
Revenue and Support

Revenue Composition

Contributions and Grants
$18,048,065
Program Service Revenue
$285,683
Investment Income
$49
Other Revenue
$0
Change in Net Assets
$1,764,043

Audited Revenue Reconciliation

Revenue per Audited Statements
$18,333,797
Total Revenue per Audited Statements
$18,333,797
Total Revenue per Form 990
$18,333,797
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$9,477,346
Other Expenses$7,092,408
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,084,798$1,752,726-$6,837,524
Interest$2,186,359$115,072-$2,301,431
Pension Plan Contributions$1,367,548$387,811-$1,755,359
Depreciation Depletion$1,329,386$147,710-$1,477,096
Information Technology$840,338$69,452-$909,790
Other Employee Benefits$487,932$117,984-$605,916
Office Expenses-$507,055-$507,055
Occupancy$369,263$19,435-$388,698
Payroll Taxes$148,776$78,491-$227,267
Other Expenses$200,198$352,304-$200,198
Fees for Services Legal-$182,078-$182,078
Insurance-$70,445-$70,445
Current Officers, Directors, Trustees, and Key Employees-$51,280-$51,280
Conferences and Meetings$18,785$23,884-$42,669
Fees for Services Accounting-$32,110-$32,110
Travel$7,099--$7,099
Total Functional Expenses$12,661,917$3,907,837$0$16,569,754

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$16,569,754
Total Expenses per Audited Statements$16,569,754
Total Expenses per Form 990$16,569,754
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
Capital Leases$47,574,669
Net Pension Liability$7,710,477
Deferred Inflows of Resources$547,771
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
Yes
Other officer compensation reviewed
Yes
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, Page 6, Part VI, Line 11B

The form 990 is provided to board members for feedback prior to filing with the internal revenue service.

Form 990, Page 6, Part VI, Line 12C

Enforcement of conflicts policy is addressed annually, with each board member affirming compliance with the conflict of interest policy. It is additionally enforced as provisioned by our charter and board bylaws.

Form 990, Page 6, Part VI, Line 15A

The board determines and approves compensation for key employees of the organization.

Form 990, Page 6, Part VI, Line 15B

The board determines and approves compensation for key employees of the organization.

Form 990, Page 6, Part VI, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Nevada Charter Academies
EIN
46-4706892
Phone
7029706800
Address
8377 W PATRICK LN, LAS VEGAS, NV 89113
Doing Business As
Amplus Academy

Signing Officer

Name
Rachelle Hulet
Title
Managing Director
Phone
7029706800
Signed
2022-01-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rachelle Hulet
Formed
2017
Legal Domicile
Nv
Voting Board Members
5
Independent Board Members
5
Employees
220
Volunteers
75

Preparer

Firm
Ellsworth & Stout Cpas
Address
7881 W CHARLESTON BLVD STE 155, LAS VEGAS, NV 89117-8326
Preparer
Jeff a Stout CPA
Phone
7028712727
Raw XML Appendix390 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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IRS990ScheduleD/ExpensesSubtotalAmt016569754
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0836676
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0342626
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01179302
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt04176400
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1213015
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS OF RESOURCES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REFUNDABLE DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt093502
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt085591
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0179093
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt047574669
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt17710477
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2547771
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL LEASES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NET PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DEFERRED INFLOWS OF RESOURCES
IRS990ScheduleD/RevenueSubtotalAmt018333797
IRS990ScheduleD/TotalBookValueLandBuildingsAmt045288626
IRS990ScheduleD/TotalBookValueOtherAssetsAmt04389415
IRS990ScheduleD/TotalExpensesPerForm990Amt016569754
IRS990ScheduleD/TotalLiabilityAmt055832917
IRS990ScheduleD/TotalRevenuePerForm990Amt018333797
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt018333797
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt016569754
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE POLICY IS PUBLISHED ON THE ORGANIZATIONS WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION IS PRIMARILY FUNDED THROUGH STATE DISTRIBUTIONS, IN ADDITION TO CERTAIN FEDERAL GRANTS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS PROVIDED TO BOARD MEMBERS FOR FEEDBACK PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ENFORCEMENT OF CONFLICTS POLICY IS ADDRESSED ANNUALLY, WITH EACH BOARD MEMBER AFFIRMING COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. IT IS ADDITIONALLY ENFORCED AS PROVISIONED BY OUR CHARTER AND BOARD BYLAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD DETERMINES AND APPROVES COMPENSATION FOR KEY EMPLOYEES OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD DETERMINES AND APPROVES COMPENSATION FOR KEY EMPLOYEES OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt054983300
IRS990/TotalAssetsEOYAmt056770215
IRS990/TotalAssetsGrp/BOYAmt054983300
IRS990/TotalAssetsGrp/EOYAmt056770215
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt018048065
IRS990/TotalEmployeeCnt0220
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03907837
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt012661917
IRS990/TotalFunctionalExpensesGrp/TotalAmt016569754
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt057271986
IRS990/TotalLiabilitiesEOYAmt057294858
IRS990/TotalLiabilitiesGrp/BOYAmt057271986
IRS990/TotalLiabilitiesGrp/EOYAmt057294858
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-2288686
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-524643
IRS990/TotalOtherCompensationAmt010980
IRS990/TotalProgramServiceExpensesAmt012661917
IRS990/TotalProgramServiceRevenueAmt0285683
IRS990/TotalReportableCompFromOrgAmt051280
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0285732
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt018333797
IRS990/TotalVolunteersCnt075
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt054983300
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt056770215
IRS990/TravelGrp/ProgramServicesAmt07099
IRS990/TravelGrp/TotalAmt07099
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt08377 W PATRICK LN
IRS990/USAddress/CityNm0LAS VEGAS
IRS990/USAddress/StateAbbreviationCd0NV
IRS990/USAddress/ZIPCd089113
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0AMPLUS.ACADEMY
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-05-20 13:21:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RACHELLE HULET
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGING DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07029706800
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-01-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NEVADA CHARTER ACADEMIES
ReturnHeader/Filer/BusinessNameControlTxt0NEVA
ReturnHeader/Filer/EIN0464706892
ReturnHeader/Filer/PhoneNum07029706800
ReturnHeader/Filer/USAddress/AddressLine1Txt08377 W PATRICK LN
ReturnHeader/Filer/USAddress/CityNm0LAS VEGAS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NV
ReturnHeader/Filer/USAddress/ZIPCd089113
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0261629859
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ELLSWORTH & STOUT CPAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07881 W CHARLESTON BLVD STE 155
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LAS VEGAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NV
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0891178326
ReturnHeader/PreparerPersonGrp/PhoneNum07028712727
ReturnHeader/PreparerPersonGrp/PreparationDt02022-01-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFF A STOUT CPA
ReturnHeader/ReturnTs02022-01-05T13:30:58-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0RACHELLE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HULET
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

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