Form 990, Page 6, Part VI, Line 11B
“A member of management, an outside accounting firm unrelated to the firm preparing the form 990, and a member of the board of directors review the return for accuracy.”
990 • Fiscal year 2017 • EIN 86-1017522
Scores are not available for this record yet.
Assets
Flat$46,525,577
Flat from 2017
Net Assets
Flat$46,474,390
Flat from 2017
Liabilities
Flat$51,187
Flat from 2017
Revenue
Flat$1,282,257
Flat from 2017
Expenses
Flat$1,203,468
Flat from 2017
Net Income
Flat$78,789
Flat from 2017
To build and manage the highest quality, nationwide schools, delivering rigorous education in a virtual learning environment that creates a sustainable, positive impact on a student's life.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments in Publicly Traded Securities | $31,291,739 | $31,631,201 | ▲ $339,462 |
| Land, Buildings, and Equipment, Net | $8,637,009 | $9,769,711 | ▲ $1,132,702 |
| Cash and Non-Interest-Bearing Accounts | $1,696,386 | $4,048,401 | ▲ $2,352,015 |
| Receivable From Disqualified Prsn | $2,442,721 | - | - |
| Other Notes and Loans Receivable, Net | $762,188 | $1,076,264 | ▲ $314,076 |
| Prepaid Expenses and Deferred Charges | $37,536 | - | - |
| Total Assets | $44,867,579 | $46,525,577 | ▲ $1,657,998 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $323,257 | $48,687 | ▼ $274,570 |
| Other Liabilities | $2,500 | $2,500 | → $0 |
| Total Liabilities | $325,757 | $51,187 | ▼ $274,570 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $44,541,822 | $46,474,390 | ▲ $1,932,568 |
| Total Net Assets Fund Balance | $44,541,822 | $46,474,390 | ▲ $1,932,568 |
| Total Liabilities and Net Assets / Fund Balance | $44,867,579 | $46,525,577 | ▲ $1,657,998 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $7,822,499 | $2,245,052 | $10,067,551 |
| Land | $1,842,655 | - | $1,842,655 |
| Other Land Buildings | $84,056 | $152,825 | $236,881 |
| Equipment | $20,501 | $68,402 | $88,903 |
| Name | Title | Base | Total |
|---|---|---|---|
| Jeremy Ferrell | Executive Di | $168,180 | $168,180 |
| Jeremy Ferrell | Executive Director | $168,180 | $168,180 |
| Name | Title |
|---|---|
| Michael Steck | Director |
| Scott Barker | Director |
| Troy Wallin | Director |
| Damian Creamer | CEO |
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| Chasse Building Team | Construction | 2400 W BROADWAY ROAD, Mesa, AZ 85202 | $2,003,753 |
| Cable Solutions LLC | Construction | 2461 N ARIZONA AVENUE, Chandler, AZ 85225 | $149,879 |
| Line Item | Amount |
|---|---|
| Other Expenses | $1,134,997 |
| Salaries, Compensation, and Employee Benefits | $68,471 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Depreciation Depletion | - | $615,075 | - | $615,075 |
| Fees for Services Legal | - | $187,090 | - | $187,090 |
| Office Expenses | - | $133,249 | - | $133,249 |
| Insurance | - | $77,320 | - | $77,320 |
| Other Salaries and Wages | - | $61,902 | - | $61,902 |
| Fees for Services Other | - | $54,429 | - | $54,429 |
| Interest | - | $27,033 | - | $27,033 |
| Fees for Services Accounting | - | $25,025 | - | $25,025 |
| Occupancy | - | $9,996 | - | $9,996 |
| Payroll Taxes | - | $5,043 | - | $5,043 |
| Other Employee Benefits | - | $1,526 | - | $1,526 |
| Other Expenses | - | $1,300 | - | $1,300 |
| Total Functional Expenses | $0 | $1,203,468 | $0 | $1,203,468 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Interested Party | Relationship | Description | Shared Revenue | Amount |
|---|---|---|---|---|
| Damian Creamer | Officer | See Part V | No | $2,470,000 |
| American Virtual Academy | Same Management | See Part V | No | $362,435 |
| Flipswitch | Same Management | See Part V | No | $7,920 |
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Receivables from Disqualified Persons | $2,442,721 | - | - |
| Liability | Amount |
|---|---|
| Security Deposit | $2,500 |
“A member of management, an outside accounting firm unrelated to the firm preparing the form 990, and a member of the board of directors review the return for accuracy.”
“The school's finance department consistently monitors compliance with the policy.”
“The school's contracted accountant determined the market rate for the ceo based on comparable data with other organizations of similar size.”
“The school's contracted accountant determined the market rate for the ceo and other key employees based on comparable data with other organizations of similar size.”
“Governing documents, policies, and financial statements are available to the public from the secretary at the school's main office upon request.”
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/SupplementalInformationDetail/ExplanationTxt | 0 | THE SCHOOL'S POLICY ON RACIAL NONDISCRIMINATION IS DESCRIBED IN ITS STUDENT HANDBOOK, WHICH IS AVAILABLE ONLINE TO THE GENERAL PUBLIC AS WELL AS TO ALL CURRENT AND PROSPECTIVE STUDENTS. |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 1 | THE ORGANIZATION DID NOT SOLICIT OR ENGAGE STUDENTS DURING THE REPORTING YEAR BECAUSE IT WAS IN TRANSITION AND WORKING TOWARD BUILDING AND MANAGING A NETWORK OF SCHOOLS, INCLUDING PURSUING THE ACQUISITION OF EXISTING SCHOOLS AND OBTAINING CHARTERS IN MULTIPLE STATES. THE NETWORK OF SCHOOLS SHALL BE OPERATED IN A NONDISCRIMINATORY MANNER. THERE WILL BE A RACIAL NONDISCRIMINATION POLICY THAT WILL BE PUBLISHED IN STUDENT HANDBOOKS, ONLINE AND OTHER MATERIALS PROVIDED TO CURRENT AND PROSPECTIVE STUDENTS. |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE E, LINE 3 |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | SCHEDULE E, LINE 6 |
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| IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd | 0 | false |
| IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd | 0 | false |
| IRS990ScheduleJ/EquityBasedCompArrngmInd | 0 | false |
| IRS990ScheduleJ/Form990OfOtherOrganizationsInd | 0 | X |
| IRS990ScheduleJ/IndependentConsultantInd | 0 | X |
| IRS990ScheduleJ/InitialContractExceptionInd | 0 | false |
| IRS990/ScheduleJRequiredInd | 0 | true |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 0 | JEREMY FERRELL |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 0 | EXECUTIVE DIRECTOR |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt | 0 | 168180 |
| IRS990ScheduleJ/SeverancePaymentInd | 0 | false |
| IRS990ScheduleJ/SupplementalNonqualRtrPlanInd | 0 | false |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm | 0 | DAMIAN CREAMER |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm | 1 | FLIPSWITCH |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm | 2 | AMERICAN VIRTUAL ACADEMY |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt | 0 | OFFICER |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt | 1 | SAME MANAGEMENT |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt | 2 | SAME MANAGEMENT |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd | 0 | false |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd | 1 | false |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd | 2 | false |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt | 0 | 2470000 |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt | 1 | 7920 |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt | 2 | 362435 |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc | 0 | SEE PART V |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc | 1 | SEE PART V |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc | 2 | SEE PART V |
| IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt | 0 | DURING THE FISCAL PERIOD, PRIMAVERA TECHNICAL LEARNING CENTER WAS WORKING TOWARDS PURCHASING A FLIGHT SCHOOL AND FORMED NORTHERN LIGHTS AVIATION LLC WHICH THE SCHOOL WOULD BE OPERATED UNDER. THROUGH THE WHOLLY OWNED COMPANY, PRIMAVERA TECHNICAL LEARNING CENTER PURCHASED AN AIRCRAFT & ADDITIONAL PREPAID ASSETS RELATED TO THE AQUISITION OF THE FLIGHT SCHOOL. THE PURCHASE OF THE FLIGHT SCHOOL WAS PUT ON HOLD AFTER DISCOVERING A LAW SUIT IN PROGRESS AND SUBSEQUENTLY CHOSE TO SELL THE ENTIRE INTEREST TO OFFICER DAMIAN CREAMER AT FAIR MARKET VALUE FOR 2,470,000. FLIPSWITCH LEASED THE AIRCRAFT DESCRIBED ABOVE DURING THE FISCAL PERIOD FOR A TOTAL OF 7,920. AMERICAN VIRTUAL ACADEMY LEASES TWO BUILDINGS FROM PRIMAVERA TECHNICAL LEARNING CENTER AT MARKET RATES. |
| IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE L, PART V |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | A MEMBER OF MANAGEMENT, AN OUTSIDE ACCOUNTING FIRM UNRELATED TO THE FIRM PREPARING THE FORM 990, AND A MEMBER OF THE BOARD OF DIRECTORS REVIEW THE RETURN FOR ACCURACY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE SCHOOL'S FINANCE DEPARTMENT CONSISTENTLY MONITORS COMPLIANCE WITH THE POLICY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE SCHOOL'S CONTRACTED ACCOUNTANT DETERMINED THE MARKET RATE FOR THE CEO BASED ON COMPARABLE DATA WITH OTHER ORGANIZATIONS OF SIMILAR SIZE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE SCHOOL'S CONTRACTED ACCOUNTANT DETERMINED THE MARKET RATE FOR THE CEO AND OTHER KEY EMPLOYEES BASED ON COMPARABLE DATA WITH OTHER ORGANIZATIONS OF SIMILAR SIZE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC FROM THE SECRETARY AT THE SCHOOL'S MAIN OFFICE UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 15B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 19 |
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| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TempOrPermanentEndowmentsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 44867579 |
| IRS990/TotalAssetsEOYAmt | 0 | 46525577 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 44867579 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 46525577 |
| IRS990/TotalCompGreaterThan150KInd | 0 | true |
| IRS990/TotalEmployeeCnt | 0 | 2 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 1203468 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 1203468 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 325757 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 51187 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 325757 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 51187 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 44541822 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 46474390 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 168180 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 1274337 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 7920 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 1282257 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 44867579 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 46525577 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/UnrestrictedNetAssetsGrp/BOYAmt | 0 | 44541822 |
| IRS990/UnrestrictedNetAssetsGrp/EOYAmt | 0 | 46474390 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 2471 N ARIZONA AVENUE |
| IRS990/USAddress/CityNm | 0 | CHANDLER |
| IRS990/USAddress/StateAbbreviationCd | 0 | AZ |
| IRS990/USAddress/ZIPCd | 0 | 85225 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 3 |
| IRS990/VotingMembersIndependentCnt | 0 | 0 |
| IRS990/WebsiteAddressTxt | 0 | WWW.PRIMAVERATECH.ORG |
| IRS990/WhistleblowerPolicyInd | 0 | true |
| ReturnHeader/BuildTS | 0 | 2018-06-14 16:35:46Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | DAMIAN CREAMER |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | CEO |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 4804566678 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2018-05-10 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | PRIMAVERA TECHNICAL LEARNING CENTER |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | PRIM |
| ReturnHeader/Filer/EIN | 0 | 861017522 |
| ReturnHeader/Filer/PhoneNum | 0 | 4804566678 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 2471 N ARIZONA AVE |
| ReturnHeader/Filer/USAddress/CityNm | 0 | CHANDLER |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | AZ |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 85225 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | 858E0A2FF852EDFAF6362ECFA0D3E45E4F7FDC7D |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | D80BCF17124C8E8BEEB8B26AEC702F2ED6C8E60E |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 860540978 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | JOHNSON GOFF & COMPANY PLLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 8777 E VIA DE VENTURA STE 245 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | SCOTTSDALE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | AZ |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 852583345 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 4809480060 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2018-05-14 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | MARIA E KREY CPA |
| ReturnHeader/ReturnTs | 0 | 2018-05-14T12:41:35-07:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2016-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2017-06-30 |
| ReturnHeader/TaxYr | 0 | 2016 |
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Displayed year
2017 • Form 990Detailed filing. Detailed filing data is available for this year.