Civic Intelligence

Virtual Learning Academy Charter School

990 • Fiscal year 2023 • EIN 56-2668724

Jul 01, 2022 to Jun 30, 2023 • Filed on May 06, 2023

Organization ProfileWWW.VLACS.ORG
19 Hampton Road Bldg B Ste 11Exeter, NH 03833

(603) 778-2500

Siviq Scores

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

Liabilities / Assets

97th percentile

1.29x

Higher debt load relative to assets than 97% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

75th percentile

0.73x

Higher debt load relative to revenue than 75% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

20th percentile

-10.0%

Higher net margin than 20% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$152,367

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

92nd percentile

62%

Faster asset growth than 92% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

46th percentile

3.8%

Faster revenue growth than 46% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets97th percentile

Assets

Flat

$7,084,622

Flat from 2023

Net Assets

Flat

-$2,064,606

Flat from 2023

Liabilities

Flat

$9,149,228

Flat from 2023

Revenue And Expenses
Liabilities / Revenue75th percentileNet Margin20th percentile

Revenue

Flat

$12,484,597

Flat from 2023

Expenses

Flat

$13,727,495

Flat from 2023

Net Income

Flat

-$1,242,898

Flat from 2023

Historical Trend

Balance Sheet Trend

Asset Growth92nd percentile

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

$10M$5.0M$0-$5.0MAssets 2011: $729,880Liabilities 2011: $187,416Net Assets 2011: $542,4642011Assets 2012: $702,489Liabilities 2012: $298,024Net Assets 2012: $404,4652012Assets 2013: $550,107Liabilities 2013: $22,296Net Assets 2013: $527,8112013Assets 2014: $1,544,657Liabilities 2014: $854,495Net Assets 2014: $690,1612014Assets 2015: $1,145,910Liabilities 2015: $752,330Net Assets 2015: $393,5802015Assets 2016: $839,759Liabilities 2016: $530,483Net Assets 2016: $309,2762016Assets 2017: $1,102,005Liabilities 2017: $715,943Net Assets 2017: $386,0622017Assets 2018: $2,202,410Liabilities 2018: $884,945Net Assets 2018: $1,317,4642018Assets 2019: $2,922,189Liabilities 2019: $1,045,562Net Assets 2019: $1,876,6272019Assets 2020: $3,604,420Liabilities 2020: $1,197,598Net Assets 2020: $2,406,8222020Assets 2021: $5,140,860Liabilities 2021: $747,830Net Assets 2021: $4,393,0302021Assets 2022: $4,364,365Liabilities 2022: $623,947Net Assets 2022: $3,740,4182022Assets 2023: $7,084,622Liabilities 2023: $9,149,228Net Assets 2023: -$2,064,6062023Assets 2023: $7,084,622Liabilities 2023: $9,149,228Net Assets 2023: -$2,064,6062023

Highlighted filing

2023

Assets$7,084,622
Liabilities$9,149,228
Net Assets-$2,064,606
Open 2023 Filing

Operations Trend

Revenue Growth46th percentile

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

$20M$10M$0-$10MRevenue 2011: $3,048,557Expenses 2011: $2,786,729Net Income 2011: $261,8282011Revenue 2012: $3,296,868Expenses 2012: $3,423,172Net Income 2012: -$126,3042012Revenue 2013: $3,878,722Expenses 2013: $4,165,106Net Income 2013: -$286,3842013Revenue 2014: $5,861,968Expenses 2014: $5,318,371Net Income 2014: $543,5972014Revenue 2015: $6,304,036Expenses 2015: $6,600,617Net Income 2015: -$296,5812015Revenue 2016: $7,073,140Expenses 2016: $7,163,044Net Income 2016: -$89,9042016Revenue 2017: $7,640,874Expenses 2017: $7,564,087Net Income 2017: $76,7872017Revenue 2018: $9,025,733Expenses 2018: $8,094,331Net Income 2018: $931,4022018Revenue 2019: $9,616,300Expenses 2019: $9,057,138Net Income 2019: $559,1622019Revenue 2020: $10,345,878Expenses 2020: $9,815,683Net Income 2020: $530,1952020Revenue 2021: $15,254,520Expenses 2021: $18,160,315Net Income 2021: -$2,905,7952021Revenue 2022: $12,032,123Expenses 2022: $13,125,345Net Income 2022: -$1,093,2222022Revenue 2023: $12,484,597Expenses 2023: $13,727,495Net Income 2023: -$1,242,8982023Revenue 2023: $12,484,597Expenses 2023: $13,727,495Net Income 2023: -$1,242,8982023

Highlighted filing

2023

Revenue$12,484,597
Expenses$13,727,495
Net Income-$1,242,898
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 6, 2023
Return Version
2022v5.0
Gross Receipts
$12,484,597
Mission and Program Overview

Mission

To operate a new hampshire public charter school.

To operate a new hampshire public charter school in accordance with chapter 194b of nh rsa and to provide other educational opportunities using new and distance learning technologies.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$860,948$2,225,552▲ $1,364,604
Accounts Receivable$1,506,756--
Pledges and Grants Receivable-$866,508-
Land, Buildings, and Equipment, Net$101,458$861,210▲ $759,752
Prepaid Expenses and Deferred Charges$360,442$180,387▼ $180,055
Savings and Temporary Cash Investments$1,534,761$109▼ $1,534,652
Total Assets$4,364,365$7,084,622▲ $2,720,257
Other Assets Total-$2,950,856-
Liabilities
Other Liabilities-$8,360,024-
Accounts Payable and Accrued Expenses$623,947$789,204▲ $165,257
Total Liabilities$623,947$9,149,228▲ $8,525,281
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,740,418$-2,064,606▼ $5,805,024
Total Net Assets Fund Balance$3,740,418$-2,064,606▼ $5,805,024
Total Liabilities and Net Assets / Fund Balance$4,364,365$7,084,622▲ $2,720,257

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$2,950,856--
Compensation and Service Providers
Top Officer Pay39th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Steve KossakoskiExceutive DiFT$152,367$152,367
Steve KossakoskiExceutive Director-$152,367$152,367

Board Members and Trustees

NameTitle
Kent ChamberlinChair
Kimberly CaseyVice Chair
Nathan LunneyTrustee
Wilfrido ArveloTrustee
Dr Mark JoyceSecretary/cl
Matthew TreamerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$12,218,292
Program Service Revenue
$207,203
Investment Income
$59,102
Other Revenue
$0
All Other Contributions
$55,881
Change in Net Assets
$-1,242,898
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$11,514,503
Other Expenses$2,212,992
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$8,200,122$530,844-$8,730,966
Pension Plan Contributions$1,367,522$28,308-$1,395,830
Information Technology$790,337$50,447-$840,784
Payroll Taxes$632,782$46,438-$679,220
Other Employee Benefits$518,119$38,001-$556,120
Fees for Services Other$310,319$19,808-$330,127
Current Officers, Directors, Trustees, and Key Employees$76,184$76,183-$152,367
Advertising$115,672$7,383-$123,055
Depreciation Depletion$72,407$5,143-$77,550
Occupancy$14,317$57,266-$71,583
Office Expenses-$66,212-$66,212
Insurance$34,401$2,196-$36,597
Fees for Services Legal-$18,787-$18,787
Fees for Services Accounting-$12,250-$12,250
Other Expenses$10,874$694-$11,568
Travel$3,033$194-$3,227
Total Functional Expenses$12,730,066$997,429$0$13,727,495
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
Pension Liabilities$8,171,783
Defered Inflows$188,241
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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 distributed before a regular meeting of the board of trustees and is reviewed at the meeting.”

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

“Compensation is determined by independent trustees based on comparable nh school data and availability of funds.”

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

“Compensation is determined by independent trustees based on comparable nh school data and availability of funds.”

Form 990, Page 6, Part VI, Line 18

“The organization makes its governing documents, conflict of interest policy and financial statements available upon request.”

Form 990, Page 6, Part VI, Line 19

“AVAILABLE UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Virtual Learning Academy Charter
EIN
56-2668724
Phone
6037782500
Address
19 HAMPTON ROAD BLDG B STE 11, EXETER, NH 03833

Signing Officer

Name
Steve Kossakoski
Title
Exceutive Director
Phone
6037782500
Signed
2023-05-06

Organization Details

Principal Officer
Kent Chamberlin
Formed
2007
Legal Domicile
Nh
Voting Board Members
6
Independent Board Members
6
Employees
345

Preparer

Firm
Vachon Clukay & Company Pc
Address
608 CHESTNUT ST, MANCHESTER, NH 03104
Preparer
Gary G Boisvert
Phone
6036227070
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

“Operated a state charter school whereby the school: (a) used new and emerging distance learning technology to provide any time any place access to a rigorous personalized education that helped students learn today, graduate tomorrow and prepare for the future: (b) provided all students with the opportunity to personalize their education by combining rigourous academic study with the flexibility that is inherent in the any time any place philosophy: and (c) met the need of a wide variety of students and fostered 21st century skills such as global awareness, self-directed learning skills, information and communications technology, literacy, problem-solving skills, time management and personal responsibility. Students aso had educational options including learning through experience, projects, teams and adult education options.”

Raw XML Appendix395 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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IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
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IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0false
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IRS990ScheduleE/MaintainScholarshipsRecsInd0false
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0VLACS IS OPEN TO ALL STUDENTS ON AN ONGOING BASIS, AND THEREFORE, WE DO NOT HAVE A SOLICITATION PERIOD. WE DO,HOWEVER, PUBLISH OUR NON-DISCRIMINATION STATEMENT ON OUR WEBSITE WHERE IT IS VISIBLE TO ALL STUDENTS WHEN READING ABOUT OUR SCHOOL OR ENROLLING IN OUR PROGRAMS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1VLACS DOES NOT SOLICIT CONTRIBUTIONS
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE SCHOOL RECEIVES AID FROM THE NH DEPARTMENT OF EDUCATION UNDER THE EQUITABLE AID PROGRAM.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, LINE 6
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OPERATED A STATE CHARTER SCHOOL WHEREBY THE SCHOOL: (A) USED NEW AND EMERGING DISTANCE LEARNING TECHNOLOGY TO PROVIDE ANY TIME ANY PLACE ACCESS TO A RIGOROUS PERSONALIZED EDUCATION THAT HELPED STUDENTS LEARN TODAY, GRADUATE TOMORROW AND PREPARE FOR THE FUTURE: (B) PROVIDED ALL STUDENTS WITH THE OPPORTUNITY TO PERSONALIZE THEIR EDUCATION BY COMBINING RIGOUROUS ACADEMIC STUDY WITH THE FLEXIBILITY THAT IS INHERENT IN THE ANY TIME ANY PLACE PHILOSOPHY: AND (C) MET THE NEED OF A WIDE VARIETY OF STUDENTS AND FOSTERED 21ST CENTURY SKILLS SUCH AS GLOBAL AWARENESS, SELF-DIRECTED LEARNING SKILLS, INFORMATION AND COMMUNICATIONS TECHNOLOGY, LITERACY, PROBLEM-SOLVING SKILLS, TIME MANAGEMENT AND PERSONAL RESPONSIBILITY. STUDENTS ASO HAD EDUCATIONAL OPTIONS INCLUDING LEARNING THROUGH EXPERIENCE, PROJECTS, TEAMS AND ADULT EDUCATION OPTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS DISTRIBUTED BEFORE A REGULAR MEETING OF THE BOARD OF TRUSTEES AND IS REVIEWED AT THE MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION IS DETERMINED BY INDEPENDENT TRUSTEES BASED ON COMPARABLE NH SCHOOL DATA AND AVAILABILITY OF FUNDS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION IS DETERMINED BY INDEPENDENT TRUSTEES BASED ON COMPARABLE NH SCHOOL DATA AND AVAILABILITY OF FUNDS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
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 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0STEVE KOSSAKOSKI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXCEUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06037782500
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VIRTUAL LEARNING ACADEMY CHARTER
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0SCHOOL
ReturnHeader/Filer/BusinessNameControlTxt0VIRT
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ReturnHeader/Filer/PhoneNum06037782500
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0VACHON CLUKAY & COMPANY PC
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MANCHESTER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NH
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ReturnHeader/PreparerPersonGrp/PhoneNum06036227070
ReturnHeader/PreparerPersonGrp/PreparationDt02024-05-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GARY G BOISVERT
ReturnHeader/ReturnTs02024-05-07T12:55:16-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0STEVE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0KOSSAKOSKI
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,084,622
Liabilities
$9,149,228
Net assets
-$2,064,606
Revenue
$12,484,597
Expenses
$13,727,495
Net income
-$1,242,898
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$7.08$9.15$2.06$12.5$13.7$1.24
2023Summary only. Only limited summary data is available for this year.$7.08$9.15$2.06$12.5$13.7$1.24
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.36$0.62$3.74$12.0$13.1$1.09
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.14$0.75$4.39$15.3$18.2$2.91
2020Summary only. Only limited summary data is available for this year.$3.60$1.20$2.41$10.3$9.82$0.53
2019Summary only. Only limited summary data is available for this year.$2.92$1.05$1.88$9.62$9.06$0.56
2018Summary only. Only limited summary data is available for this year.$2.20$0.88$1.32$9.03$8.09$0.93
2017Summary only. Only limited summary data is available for this year.$1.10$0.72$0.39$7.64$7.56$0.08
2016Summary only. Only limited summary data is available for this year.$0.84$0.53$0.31$7.07$7.16$0.09
2015Summary only. Only limited summary data is available for this year.$1.15$0.75$0.39$6.30$6.60$0.30
2014Summary only. Only limited summary data is available for this year.$1.54$0.85$0.69$5.86$5.32$0.54
2013Summary only. Only limited summary data is available for this year.$0.55$0.02$0.53$3.88$4.17$0.29
2012Summary only. Only limited summary data is available for this year.$0.70$0.30$0.40$3.30$3.42$0.13
2011Summary only. Only limited summary data is available for this year.$0.73$0.19$0.54$3.05$2.79$0.26