Civic Intelligence

North Carolina Learns Inc.

990 • Fiscal year 2020 • EIN 47-4549510

Jul 01, 2019 to Jun 30, 2020 • Filed on Apr 17, 2021

Organization ProfileWWW.NCVA.K12.COM

View Organization Page

4220 NC Hwy 55 Ste 130Durham, NC 27713

(919) 346-0121

Siviq Scores

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

Liabilities / Assets

35th percentile

0.17x

Higher debt load relative to assets than 35% of similar nonprofits.

2020 filings • NTEE B • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

14th percentile

0.03x

Higher debt load relative to revenue than 14% of similar nonprofits.

2020 filings • NTEE B • $10M-$25M nonprofits • Source year 2020

Net Margin

58th percentile

5.2%

Higher net margin than 58% of similar nonprofits.

2020 filings • NTEE B • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

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

2020 filings • NTEE B • $10M-$25M nonprofits • Source year 2020

Asset Growth

89th percentile

53%

Faster asset growth than 89% of similar nonprofits.

2020 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

76th percentile

16%

Faster revenue growth than 76% of similar nonprofits.

2020 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets35th percentile

Assets

Up

$3,621,682

Up $1,254,592 (+53%) from 2019

Net Assets

Up

$2,991,711

Up $1,069,697 (+56%) from 2019

Liabilities

Up

$629,971

Up $184,895 (+42%) from 2019

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin58th percentile

Revenue

Up

$20,522,998

Up $2,801,250 (+16%) from 2019

Expenses

Up

$19,453,301

Up $2,485,318 (+15%) from 2019

Net Income

Up

$1,069,697

Up $315,932 (+42%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth89th percentile

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

$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

2020

Assets$3,621,682
Liabilities$629,971
Net Assets$2,991,711
Open 2020 Filing

Operations Trend

Revenue Growth76th percentile

Revenue, expenses, and net income across loaded years, with this 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

2020

Revenue$20,522,998
Expenses$19,453,301
Net Income$1,069,697
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Apr 17, 2021
Return Version
2019v5.0
Gross Receipts
$20,522,998
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,040,691$3,501,489▲ $1,460,798
Accounts Receivable$232,027$111,880▼ $120,147
Prepaid Expenses and Deferred Charges$94,372--
Total Assets$2,367,090$3,621,682▲ $1,254,592
Other Assets Total-$8,313-
Liabilities
Accounts Payable and Accrued Expenses$445,076$629,971▲ $184,895
Total Liabilities$445,076$629,971▲ $184,895
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,922,014$2,991,711▲ $1,069,697
Total Net Assets Fund Balance$1,922,014$2,991,711▲ $1,069,697
Total Liabilities and Net Assets / Fund Balance$2,367,090$3,621,682▲ $1,254,592
Compensation and Service Providers
Top Officer Pay22nd percentile

Board Members and Trustees

NameTitle
Steve MoodyBoard Chair
Sara StruhsVice Chair
Dr Ann FuerstDirector
Dr Ronald KantorDirector
Dr Steven PetersDirector
Mark FlemmingDirector
Walter MartinDirector
Brenda RobertsonSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
K-12 Virtual Schools LLCManagement Svcs2300 CORPORATE PARKE DR STE 200, Herndon, VA 20171$9,027,640
K-12 Virtual Schools LLCSales Tax2300 CORPORATE PARKE DR STE 200, Herndon, VA 20171$381,015
Global TeletherapyTherapy Svcs2528 SUMMERSON RD, Baltimore, MD 21209$296,649
K-12 Virtual Schools LLCPayroll2300 CORPORATE PARKE DR STE 200, Herndon, VA 20171$271,196
Revenue and Support

Revenue Composition

Contributions and Grants
$20,254,513
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$268,485
All Other Contributions
$164
Change in Net Assets
$1,069,697

Audited Revenue Reconciliation

Revenue per Audited Statements
$20,522,998
Total Revenue per Audited Statements
$20,522,998
Total Revenue per Form 990
$20,522,998
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$13,336,744
Salaries, Compensation, and Employee Benefits$6,109,557
Grants and Similar Amounts Paid$7,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,492,421$251,532-$4,743,953
Fees for Services Management$2,200,559$2,336,677-$4,537,236
Fees for Services Other$1,369,609$42,040-$1,411,649
Other Employee Benefits$794,464$50,710-$845,174
Information Technology$234,107$191,543-$425,650
Payroll Taxes$366,708$23,407-$390,115
Other Expenses$502,632$250,249-$250,249
Occupancy$47,588$129,153-$176,741
Conferences and Meetings$125,358$7,221-$132,579
All Other Expenses$95,742$20,340-$116,082
Office Expenses$67,120$37,492-$104,612
Insurance-$92,506-$92,506
Current Officers, Directors, Trustees, and Key Employees-$78,284-$78,284
Travel$44,892$11,177-$56,069
Pension Plan Contributions$48,909$3,122-$52,031
Fees for Services Legal-$20,325-$20,325
Grants to Domestic Individuals$7,000--$7,000
Fees for Services Accounting-$6,612-$6,612
Total Functional Expenses$15,812,211$3,641,090$0$19,453,301

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$19,453,301
Total Expenses per Audited Statements$19,453,301
Total Expenses per Form 990$19,453,301
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$2,336
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

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

Form 990, Page 6, Part VI, Line 11B

“The finance committee reviews the 990 and it is provided to the board of directors for final approval prior to submission.”

Form 990, Page 6, Part VI, 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 said matter. There are three different policies adopted by the board to cover conflicts of interest.”

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

“Top management official's compensation is reviewed and approved by the board of directors. Organization policy dictates that comparability data and deliberation of decisions are used to determine salary.”

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

“Organization policy dictates that comparability data and deliberation of decisions are used to determine salaries for key employees. 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, plus a comparison with other similarly situated public schools. Board members use that information to determine salaries offered.”

Form 990, Page 6, Part VI, Line 19

“Governing documents, school policies, and financial statements are available for viewing by the public 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
Steve Moody
Title
Board Chair
Phone
8575263547
Signed
2021-04-17

Organization Details

Principal Officer
Steve Moody
Formed
2012
Legal Domicile
Nc
Voting Board Members
8
Independent Board Members
8
Employees
166
Volunteers
8

Preparer

Firm
Petway Mills & Pearson Pa
Address
PO BOX 1036, ZEBULON, NC 27597-1036
Preparer
James a Ridoutt
Phone
9192697405
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S 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.”

Raw XML AppendixShowing 400 of 427 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0445076
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0629971
IRS990/AccountsReceivableGrp/BOYAmt0232027
IRS990/AccountsReceivableGrp/EOYAmt0111880
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0NORTH 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.
IRS990/AllOtherContributionsAmt0164
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt020340
IRS990/AllOtherExpensesGrp/ProgramServicesAmt095742
IRS990/AllOtherExpensesGrp/TotalAmt0116082
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0K-12 VIRTUAL SCHOOLS LLC
IRS990/BooksInCareOfDetail/PhoneNum05713537793
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02300 CORPORATE PARK DRIVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0HERDON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd020171
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt02040691
IRS990/CashNonInterestBearingGrp/EOYAmt03501489
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt04
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt078284
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt078284
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt07221
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt0125358
IRS990/ConferencesMeetingsGrp/TotalAmt0132579
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractorCompensationGrp/CompensationAmt09027640
IRS990/ContractorCompensationGrp/CompensationAmt1381015
IRS990/ContractorCompensationGrp/CompensationAmt2296649
IRS990/ContractorCompensationGrp/CompensationAmt3271196
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt02300 CORPORATE PARKE DR STE 200
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt12300 CORPORATE PARKE DR STE 200
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt22528 SUMMERSON RD
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt32300 CORPORATE PARKE DR STE 200
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0HERNDON
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1HERNDON
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2BALTIMORE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm3HERNDON
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0VA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1VA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2MD
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd3VA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd020171
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd120171
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd221209
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd320171
IRS990/ContractorCompensationGrp/ContractorName/PersonNm0K-12 VIRTUAL SCHOOLS LLC
IRS990/ContractorCompensationGrp/ContractorName/PersonNm1K-12 VIRTUAL SCHOOLS LLC
IRS990/ContractorCompensationGrp/ContractorName/PersonNm2GLOBAL TELETHERAPY
IRS990/ContractorCompensationGrp/ContractorName/PersonNm3K-12 VIRTUAL SCHOOLS LLC
IRS990/ContractorCompensationGrp/ServicesDesc0MANAGEMENT SVCS
IRS990/ContractorCompensationGrp/ServicesDesc1SALES TAX
IRS990/ContractorCompensationGrp/ServicesDesc2THERAPY SVCS
IRS990/ContractorCompensationGrp/ServicesDesc3PAYROLL
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt020254513
IRS990/CYGrantsAndSimilarPaidAmt07000
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt013336744
IRS990/CYOtherRevenueAmt0268485
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt01069697
IRS990/CYSalariesCompEmpBnftPaidAmt06109557
IRS990/CYTotalExpensesAmt019453301
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt020522998
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0true
IRS990/Desc0PROVIDED EDUCATION TO APPROXIMATELY 3,300 STUDENTS IN A VIRTUAL SETTING FOR THE FISCAL YEAR ENDED 6/30/20.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DoingBusinessAsName/BusinessNameLine1Txt0NC VIRTUAL ACADEMY
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt0166
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt015812211
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt06612
IRS990/FeesForServicesAccountingGrp/TotalAmt06612
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt020325
IRS990/FeesForServicesLegalGrp/TotalAmt020325
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt02336677
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt02200559
IRS990/FeesForServicesManagementGrp/TotalAmt04537236
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt042040
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt01369609
IRS990/FeesForServicesOtherGrp/TotalAmt01411649
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.75
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.75
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.75
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.75
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.75
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0STEVE MOODY
IRS990/Form990PartVIISectionAGrp/PersonNm1SARA STRUHS
IRS990/Form990PartVIISectionAGrp/PersonNm2BRENDA ROBERTSON
IRS990/Form990PartVIISectionAGrp/PersonNm3WALTER MARTIN
IRS990/Form990PartVIISectionAGrp/PersonNm4DR RONALD KANTOR
IRS990/Form990PartVIISectionAGrp/PersonNm5DR STEVEN PETERS
IRS990/Form990PartVIISectionAGrp/PersonNm6DR ANN FUERST
IRS990/Form990PartVIISectionAGrp/PersonNm7MARK FLEMMING
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02012
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingGrossIncomeAmt02336
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GovernmentGrantsAmt020254349
IRS990/GrantAmt07000
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt07000
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt07000
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt020522998
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt08
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0191543
IRS990/InformationTechnologyGrp/ProgramServicesAmt0234107
IRS990/InformationTechnologyGrp/TotalAmt0425650
IRS990/InsuranceGrp/ManagementAndGeneralAmt092506
IRS990/InsuranceGrp/TotalAmt092506
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt012
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0NORTH 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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01922014
IRS990/NetAssetsOrFundBalancesEOYAmt02991711
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt02336
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01922014
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02991711
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt0129153
IRS990/OccupancyGrp/ProgramServicesAmt047588
IRS990/OccupancyGrp/TotalAmt0176741
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt037492
IRS990/OfficeExpensesGrp/ProgramServicesAmt067120
IRS990/OfficeExpensesGrp/TotalAmt0104612
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt08313
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt050710
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0794464
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0845174
IRS990/OtherExpensesGrp/Desc0CURRICULUM
IRS990/OtherExpensesGrp/Desc1MATERIALS
IRS990/OtherExpensesGrp/Desc2SUPPLIES
IRS990/OtherExpensesGrp/Desc3SALES & USE TAX
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt088700
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1250249
IRS990/OtherExpensesGrp/ProgramServicesAmt02832289
IRS990/OtherExpensesGrp/ProgramServicesAmt12582813
IRS990/OtherExpensesGrp/ProgramServicesAmt2502632
IRS990/OtherExpensesGrp/TotalAmt02832289
IRS990/OtherExpensesGrp/TotalAmt12582813
IRS990/OtherExpensesGrp/TotalAmt2591332
IRS990/OtherExpensesGrp/TotalAmt3250249
IRS990/OtherRevenueMiscGrp/Desc0SALES TAX REVENUE
IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0259725
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt16424
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0259725
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt16424
IRS990/OtherRevenueTotalAmt0266149
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0251532
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt04492421
IRS990/OtherSalariesAndWagesGrp/TotalAmt04743953
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt023407
IRS990/PayrollTaxesGrp/ProgramServicesAmt0366708
IRS990/PayrollTaxesGrp/TotalAmt0390115
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt03122
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt048909
IRS990/PensionPlanContributionsGrp/TotalAmt052031
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt094372
IRS990/PrincipalOfficerNm0STEVE MOODY
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt017473684
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt010000
IRS990/PYOtherExpensesAmt011926192
IRS990/PYOtherRevenueAmt0248064
IRS990/PYRevenuesLessExpensesAmt0753765
IRS990/PYSalariesCompEmpBnftPaidAmt05031791
IRS990/PYTotalExpensesAmt016967983
IRS990/PYTotalRevenueAmt017721748
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt01069697
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt020254513
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt017473684
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt013770167
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt011245237
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt09008808
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt071752409
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt018
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt018
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0552839
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt071752409
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt020254513
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt017473684
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt013770167
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt011245237
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt09008808
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt071752409
IRS990ScheduleA/TotalSupportAmt071752427
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/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesSubtotalAmt019453301
IRS990ScheduleD/RevenueSubtotalAmt020522998
IRS990ScheduleD/TotalExpensesPerForm990Amt019453301
IRS990ScheduleD/TotalRevenuePerForm990Amt020522998
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt020522998
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt019453301
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt07000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt02
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0SCHOLARSHIP FUNDS ARE STRICKLY MONITORED BY THE BOARD. THE SCHOLARSHIPS ARE AWARDED TO SENIORS WITH HIGH ACADEMIC ACHIEVEMENT AND SIGNIFICANT COMMUNITY SERVICE ENDEAVORS. SCHOLARSHIPS ARE GIVEN SPECIFICALLY TO STUDENTS WHO HAVE NOT RECEIVED ANY ADDITIONAL OUTSIDE SCHOLARSHP FUNDS FOR HIGHER EDUCATION. GRANTS ARE PAID DIRECTLY TO THE SCHOOL THE STUDENTS WILL BE ATTENDING, AND STUDENT'S ARE REQUIRED TO PROVIDE PROOF ON ENROLLMENT.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NORTH 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1K-12 VIRTUAL SCHOOLS,LLC ADMINISTRATION & MANAGEMENT SERVICES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FINANCE COMMITTEE REVIEWS THE 990 AND IT IS PROVIDED TO THE BOARD OF DIRECTORS FOR FINAL APPROVAL PRIOR TO SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3POTENTIAL 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 SAID MATTER. THERE ARE THREE DIFFERENT POLICIES ADOPTED BY THE BOARD TO COVER CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TOP MANAGEMENT OFFICIAL'S COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. ORGANIZATION POLICY DICTATES THAT COMPARABILITY DATA AND DELIBERATION OF DECISIONS ARE USED TO DETERMINE SALARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ORGANIZATION POLICY DICTATES THAT COMPARABILITY DATA AND DELIBERATION OF DECISIONS ARE USED TO DETERMINE SALARIES FOR KEY EMPLOYEES. 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, PLUS A COMPARISON WITH OTHER SIMILARLY SITUATED PUBLIC SCHOOLS. BOARD MEMBERS USE THAT INFORMATION TO DETERMINE SALARIES OFFERED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOVERNING DOCUMENTS, SCHOOL POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE FOR VIEWING BY THE PUBLIC 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/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02367090
IRS990/TotalAssetsEOYAmt03621682
IRS990/TotalAssetsGrp/BOYAmt02367090
IRS990/TotalAssetsGrp/EOYAmt03621682
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt020254513
IRS990/TotalEmployeeCnt0166
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03641090
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt015812211
IRS990/TotalFunctionalExpensesGrp/TotalAmt019453301
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0445076
IRS990/TotalLiabilitiesEOYAmt0629971
IRS990/TotalLiabilitiesGrp/BOYAmt0445076
IRS990/TotalLiabilitiesGrp/EOYAmt0629971
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01922014
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02991711
IRS990/TotalProgramServiceExpensesAmt015812211
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0266149
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt020522998
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02367090
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03621682
IRS990/TravelGrp/ManagementAndGeneralAmt011177
IRS990/TravelGrp/ProgramServicesAmt044892
IRS990/TravelGrp/TotalAmt056069
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04220 NC HIGHWAY 55 STE 130
IRS990/USAddress/CityNm0DURHAM
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027713
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.NCVA.K12.COM
IRS990/WhistleblowerPolicyInd0true

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,621,682
Liabilities
$629,971
Net assets
$2,991,711
Revenue
$20,522,998
Expenses
$19,453,301
Net income
$1,069,697
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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • 501(c)3 • $10M-$25M nonprofits