Civic Intelligence

North Carolina Learns Inc

EIN 47-4549510 • 501(c)3 • Durham, NC

View Organization Page

Profile

North carolina virtual academy is a community of students, families and educators dedicated to expanding educational choice through innovative and technology rich instructional practices, and is accountable for developing each student's full potential for academic and post-secondary success.

4220 NC Hwy 55 Ste 130Durham, NC 27713

www.ncva.k12.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

32nd percentile

0.07x

Higher debt load relative to assets than 32% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

12th percentile

0.03x

Higher debt load relative to revenue than 12% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

70th percentile

15%

Higher net margin than 70% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

93rd percentile

46%

Faster asset growth than 93% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

72nd percentile

19%

Faster revenue growth than 72% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets32nd percentile

Assets

Up

$13,318,031

Up $4,198,500 (+46%) from 2023

Liabilities

Down

$967,689

Down $558,063 (-37%) from 2023

Net Assets

Up

$12,350,342

Up $4,756,563 (+63%) from 2023

Operations
Liabilities / Revenue12th percentileNet Margin70th percentile

Revenue

Up

$31,563,893

Up $5,120,052 (+19%) from 2023

Expenses

Up

$26,809,771

Up $1,383,715 (+5.4%) from 2023

Net Income

Up

$4,754,122

Up $3,736,337 (+367%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth93rd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2016: $873,038Liabilities 2016: $565,143Net Assets 2016: $307,8952016Assets 2017: $1,215,595Liabilities 2017: $71,824Net Assets 2017: $1,143,7712017Assets 2018: $1,590,355Liabilities 2018: $422,106Net Assets 2018: $1,168,2492018Assets 2019: $2,367,090Liabilities 2019: $445,076Net Assets 2019: $1,922,0142019Assets 2020: $3,621,682Liabilities 2020: $629,971Net Assets 2020: $2,991,7112020Assets 2021: $5,388,982Liabilities 2021: $123,772Net Assets 2021: $5,265,2102021Assets 2022: $7,560,116Liabilities 2022: $243,340Net Assets 2022: $7,316,7762022Assets 2023: $9,119,531Liabilities 2023: $1,525,752Net Assets 2023: $7,593,7792023Assets 2024: $13,318,031Liabilities 2024: $967,689Net Assets 2024: $12,350,3422024

Highlighted filing

2024

Assets$13,318,031
Liabilities$967,689
Net Assets$12,350,342
Open 2024 Filing

Operations Trend

Revenue Growth72nd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$40M$30M$20M$10M$0Revenue 2016: $9,017,348Expenses 2016: $8,709,453Net Income 2016: $307,8952016Revenue 2017: $11,257,375Expenses 2017: $10,421,499Net Income 2017: $835,8762017Revenue 2018: $13,785,797Expenses 2018: $13,761,319Net Income 2018: $24,4782018Revenue 2019: $17,721,748Expenses 2019: $16,967,983Net Income 2019: $753,7652019Revenue 2020: $20,522,998Expenses 2020: $19,453,301Net Income 2020: $1,069,6972020Revenue 2021: $24,131,838Expenses 2021: $21,858,339Net Income 2021: $2,273,4992021Revenue 2022: $27,525,464Expenses 2022: $25,473,898Net Income 2022: $2,051,5662022Revenue 2023: $26,443,841Expenses 2023: $25,426,056Net Income 2023: $1,017,7852023Revenue 2024: $31,563,893Expenses 2024: $26,809,771Net Income 2024: $4,754,1222024

Highlighted filing

2024

Revenue$31,563,893
Expenses$26,809,771
Net Income$4,754,122
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$13,318,031
Liabilities
$967,689
Net assets
$12,350,342
Revenue
$31,563,893
Expenses
$26,809,771
Net income
$4,754,122
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$13.3$0.97$12.4$31.6$26.8$4.75
2023Detailed filing. Detailed filing data is available for this year.$9.12$1.53$7.59$26.4$25.4$1.02
2022Detailed filing. Detailed filing data is available for this year.$7.56$0.24$7.32$27.5$25.5$2.05
2021Detailed filing. Detailed filing data is available for this year.$5.39$0.12$5.27$24.1$21.9$2.27
2020Detailed filing. Detailed filing data is available for this year.$3.62$0.63$2.99$20.5$19.5$1.07
2019Detailed filing. Detailed filing data is available for this year.$2.37$0.45$1.92$17.7$17.0$0.75
2018Detailed filing. Detailed filing data is available for this year.$1.59$0.42$1.17$13.8$13.8$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.22$0.07$1.14$11.3$10.4$0.84
2016Summary only. Only limited summary data is available for this year.$0.87$0.57$0.31$9.02$8.71$0.31
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 3, 2025
Return Version
2023v6.0
Gross Receipts
$31,563,893
Mission and Program Overview

Mission

North carolina virtual academy is a community of students, families and educators dedicated to expanding educational choice through innovative and technology rich instructional practices, and is accountable for developing each student's full potential for academic and post-secondary success.

North carolina virtual academy is a community of students, families, and educators dedicated to expanding educational choice through innovative, technology-rich instructional practices. The academy is committed to developing each student's full potential for academic and post-secondary success.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$5,824,301$7,361,618▲ $1,537,317
Savings and Temporary Cash Investments$500,000$4,124,445▲ $3,624,445
Investments in Publicly Traded Securities$1,500,000$0▼ $1,500,000
Land, Buildings, and Equipment, Net$0$546,000▲ $546,000
Accounts Receivable$506,223$476,694▼ $29,529
Prepaid Expenses and Deferred Charges$68,597$199,840▲ $131,243
Total Assets$9,119,531$13,318,031▲ $4,198,500
Other Assets Total$720,410$609,434▼ $110,976
Liabilities
Other Liabilities$860,763$665,306▼ $195,457
Accounts Payable and Accrued Expenses$664,989$302,383▼ $362,606
Total Liabilities$1,525,752$967,689▼ $558,063
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,593,779$12,350,342▲ $4,756,563
Total Net Assets Fund Balance$7,593,779$12,350,342▲ $4,756,563
Total Liabilities and Net Assets / Fund Balance$9,119,531$13,318,031▲ $4,198,500

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$546,000$7,844$553,844
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Sara StruhsExecutive DirectorFT$114,411$114,411

Board Members and Trustees

NameTitle
Brenda RobertsonChairman
Chris FaerrellMember
Dr Steve MoodyMember
Marcia SimmonsMember
Natalie WrightMember
Mark FlemingSecretary
Dr Steven PetersTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$31,326,597
Program Service Revenue
$1,250
Investment Income
$121,391
Other Revenue
$114,655
All Other Contributions
$213
Change in Net Assets
$4,754,122

Audited Revenue Reconciliation

Revenue per Audited Statements
$31,563,893
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$2,441
Total Revenue per Audited Statements
$31,566,334
Total Revenue per Form 990
$31,563,893
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$15,454,724
Salaries, Compensation, and Employee Benefits$11,355,047
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$8,228,388$737,393-$8,965,781
Fees for Services Other$7,696,612$689,738-$8,386,350
Other Employee Benefits$1,335,013$119,638-$1,454,651
Payroll Taxes$625,699$56,072-$681,771
Occupancy$276,580$24,786-$301,366
Office Expenses$270,539$24,245-$294,784
Other Expenses$222,041$19,898-$241,939
Conferences and Meetings$140,782$12,616-$153,398
Information Technology$133,113$11,929-$145,042
Pension Plan Contributions$127,048$11,385-$138,433
Current Officers, Directors, Trustees, and Key Employees$105,001$9,410-$114,411
Insurance$102,387$9,176-$111,563
Depreciation Depletion$101,849$9,127-$110,976
Travel$101,038$9,055-$110,093
All Other Expenses$51,597$4,624-$56,221
Fees for Services Accounting$23,357$2,093-$25,450
Fees for Services Legal$21,558$1,932-$23,490
Interest$20,950$1,877-$22,827
Advertising$1,039$93-$1,132
Total Functional Expenses$24,604,794$2,204,977$0$26,809,771

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$26,809,771
Total Expenses per Audited Statements$26,809,771
Total Expenses per Form 990$26,809,771
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Lease Liability$665,306
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“K-12 virtual schools, llc administration & management services”

Form 990, Part VI, Section B, Line 11B

“The finance committee reviews form 990, which is then provided to the board of directors for final approval before submission.”

Form 990, Part VI, Section B, Line 12C

“Potential conflicts of interest are reviewed and resolved by the board of directors. Board members with any potential conflict of interest are forbidden from voting on the matter. The board has adopted three different policies to address conflicts of interest.”

Form 990, Part VI, Section B, Line 15

“Top management officials' compensation is reviewed and approved by the board of directors. Organization policy dictates that comparability data and deliberation of decisions are used to determine salaries. Specifically, as the hiring season begins, the head of school provides the board with a rationale for the salary ranges by comparing them to the state average teacher salary and other similarly situated public schools. Board members use that information to determine the salaries offered.”

Form 990, Part VI, Section C, Line 19

“Governing documents, school policies, and financial statements are available for public viewing at the organization's office upon request. Minutes of board meetings are posted on the school's website in compliance with north carolina's public records act.”

Filing and Contact Details

Filer

Filer Name
North Carolina Learns Inc
EIN
47-4549510
Phone
9193460121
Address
4220 NC HWY 55 STE 130, DURHAM, NC 27713
Doing Business As
Nc Virtual Academy

Signing Officer

Name
Sara Struhs
Title
Executive Director
Phone
9193460121
Signed
2025-05-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sara Struhs
Formed
2012
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
188
Volunteers
7

Preparer

Firm
Sharpe Patel CPA
Address
5510 SIX FORKS ROAD SUITE 140, RALEIGH, NC 27609
Preparer
Rebecca Fisher
Phone
7044993893
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Other contracted services: program service expenses 7,696,612. Management and general expenses 689,738. Fundraising expenses 0. Total expenses 8,386,350.”

Raw XML AppendixShowing 400 of 451 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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IRS990/NetAssetsOrFundBalancesBOYAmt07593779
IRS990/NetAssetsOrFundBalancesEOYAmt012350342
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt02441
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt07593779
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt012350342
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt024786
IRS990/OccupancyGrp/ProgramServicesAmt0276580
IRS990/OccupancyGrp/TotalAmt0301366
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt024245
IRS990/OfficeExpensesGrp/ProgramServicesAmt0270539
IRS990/OfficeExpensesGrp/TotalAmt0294784
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0720410
IRS990/OtherAssetsTotalGrp/EOYAmt0609434
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0119638
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01335013
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01454651
IRS990/OtherExpensesGrp/Desc0TEXTBOOKS & SUPPLIES
IRS990/OtherExpensesGrp/Desc1NON-CAP EQUIPMENT
IRS990/OtherExpensesGrp/Desc2SALES & USE TAX
IRS990/OtherExpensesGrp/Desc3ADMIN
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0378602
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt149139
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt222149
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt319898
IRS990/OtherExpensesGrp/ProgramServicesAmt04224725
IRS990/OtherExpensesGrp/ProgramServicesAmt1548325
IRS990/OtherExpensesGrp/ProgramServicesAmt2247153
IRS990/OtherExpensesGrp/ProgramServicesAmt3222041
IRS990/OtherExpensesGrp/TotalAmt04603327
IRS990/OtherExpensesGrp/TotalAmt1597464
IRS990/OtherExpensesGrp/TotalAmt2269302
IRS990/OtherExpensesGrp/TotalAmt3241939
IRS990/OtherLiabilitiesGrp/BOYAmt0860763
IRS990/OtherLiabilitiesGrp/EOYAmt0665306
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0SALES TAX REFUND
IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0106466
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt18189
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0106466
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt18189
IRS990/OtherRevenueTotalAmt0114655
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0737393
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt08228388
IRS990/OtherSalariesAndWagesGrp/TotalAmt08965781
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt056072
IRS990/PayrollTaxesGrp/ProgramServicesAmt0625699
IRS990/PayrollTaxesGrp/TotalAmt0681771
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt011385
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0127048
IRS990/PensionPlanContributionsGrp/TotalAmt0138433
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt068597
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0199840
IRS990/PrincipalOfficerNm0SARA STRUHS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0STUDENT ACTIVITIES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01250
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01250
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt025904155
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt06450
IRS990/PYOtherExpensesAmt014553634
IRS990/PYOtherRevenueAmt0529918
IRS990/PYProgramServiceRevenueAmt03318
IRS990/PYRevenuesLessExpensesAmt01017785
IRS990/PYSalariesCompEmpBnftPaidAmt010872422
IRS990/PYTotalExpensesAmt025426056
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt026443841
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt04754122
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0115905
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0500000
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04124445
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt031326597
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt025904155
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt027496668
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt023817988
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt020254513
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0128799921
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0121391
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt06450
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0127841
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0149287
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0114655
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0528650
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0643305
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99400
IRS990ScheduleA/PublicSupportPY170Pct00.83100
IRS990ScheduleA/PublicSupportTotal170Amt0128799921
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt031326597
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt025904155
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt027496668
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt023817988
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt020254513
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0128799921
IRS990ScheduleA/TotalSupportAmt0129571067
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0546000
IRS990ScheduleD/EquipmentGrp/DepreciationAmt07844
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0553844
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt026809771
IRS990ScheduleD/NetUnrealizedGainsInvstAmt02441
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0665306
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LEASE LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt02441
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt031563893
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0546000
IRS990ScheduleD/TotalExpensesPerForm990Amt026809771
IRS990ScheduleD/TotalLiabilityAmt0665306
IRS990ScheduleD/TotalRevenuePerForm990Amt031563893
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt031566334
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt026809771
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0K-12 VIRTUAL SCHOOLS, LLC ADMINISTRATION & MANAGEMENT SERVICES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FINANCE COMMITTEE REVIEWS FORM 990, WHICH IS THEN PROVIDED TO THE BOARD OF DIRECTORS FOR FINAL APPROVAL BEFORE SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2POTENTIAL CONFLICTS OF INTEREST ARE REVIEWED AND RESOLVED BY THE BOARD OF DIRECTORS. BOARD MEMBERS WITH ANY POTENTIAL CONFLICT OF INTEREST ARE FORBIDDEN FROM VOTING ON THE MATTER. THE BOARD HAS ADOPTED THREE DIFFERENT POLICIES TO ADDRESS CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TOP MANAGEMENT OFFICIALS' COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. ORGANIZATION POLICY DICTATES THAT COMPARABILITY DATA AND DELIBERATION OF DECISIONS ARE USED TO DETERMINE SALARIES. SPECIFICALLY, AS THE HIRING SEASON BEGINS, THE HEAD OF SCHOOL PROVIDES THE BOARD WITH A RATIONALE FOR THE SALARY RANGES BY COMPARING THEM TO THE STATE AVERAGE TEACHER SALARY AND OTHER SIMILARLY SITUATED PUBLIC SCHOOLS. BOARD MEMBERS USE THAT INFORMATION TO DETERMINE THE SALARIES OFFERED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS, SCHOOL POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC VIEWING AT THE ORGANIZATION'S OFFICE UPON REQUEST. MINUTES OF BOARD MEETINGS ARE POSTED ON THE SCHOOL'S WEBSITE IN COMPLIANCE WITH NORTH CAROLINA'S PUBLIC RECORDS ACT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5OTHER CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 7,696,612. MANAGEMENT AND GENERAL EXPENSES 689,738. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,386,350.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt09119531
IRS990/TotalAssetsEOYAmt013318031
IRS990/TotalAssetsGrp/BOYAmt09119531
IRS990/TotalAssetsGrp/EOYAmt013318031
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt031326597
IRS990/TotalEmployeeCnt0188
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02204977
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt024604794
IRS990/TotalFunctionalExpensesGrp/TotalAmt026809771
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01525752
IRS990/TotalLiabilitiesEOYAmt0967689
IRS990/TotalLiabilitiesGrp/BOYAmt01525752
IRS990/TotalLiabilitiesGrp/EOYAmt0967689
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07593779
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt012350342
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt024604794
IRS990/TotalProgramServiceRevenueAmt01250
IRS990/TotalReportableCompFromOrgAmt0114411
IRS990/TotalRevenueGrp/ExclusionAmt0121391

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