NORTH CAROLINA LEARNS INC: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- NORTH CAROLINA LEARNS INC (EIN 47-4549510)
- Tax period
- 2022-07-01 to 2023-06-30
- Filed
- 2024-05-14
- IRS object ID
- 202411359349305946
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-05-14T13:45:21-04:00 | ReturnTs |
| Tax Period End | 2023-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 844233121 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SHARPE PATEL CPA | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 325 ARLINGTON AVE STE 630 | AddressLine1Txt |
| City | CHARLOTTE | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28203 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 474549510 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NORTH CAROLINA LEARNS INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | NORT | BusinessNameControlTxt |
| Phone | 9193460121 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4220 NC HWY 55 STE 130 | AddressLine1Txt |
| City | DURHAM | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27713 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SARA STRUHS | PersonNm |
| Person Title | EXECUTIVE DIRECTOR | PersonTitleTxt |
| Phone | 9193460121 | PhoneNum |
| Signature | 2024-05-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | SARAH | PersonFirstNm |
| Person Last | STRUHS | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MEGAN A RIDGLEY CPA | PreparerPersonNm |
| PTIN | P01317611 | PTIN |
| Phone | 7044993893 | PhoneNum |
| Preparation | 2024-05-14 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NC VIRTUAL ACADEMY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | SARA STRUHS | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4220 NC HIGHWAY 55 STE 130 | AddressLine1Txt |
| City | DURHAM | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27713 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $26,443,841 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.NCVA.K12.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2012 | FormationYr |
| Legal Domicile State | NC | LegalDomicileStateCd |
| Activity Or 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. | ActivityOrMissionDesc |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 7 | VotingMembersIndependentCnt |
| Total Employee | 223 | TotalEmployeeCnt |
| Total Volunteers | 15 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $27,496,668 | PYContributionsGrantsAmt |
| CY Contributions Grants | $25,904,155 | CYContributionsGrantsAmt |
| CY Program Service Revenue | $3,318 | CYProgramServiceRevenueAmt |
| CY Investment Income | $6,450 | CYInvestmentIncomeAmt |
| PY Other Revenue | $28,796 | PYOtherRevenueAmt |
| CY Other Revenue | $529,918 | CYOtherRevenueAmt |
| PY Total Revenue | $27,525,464 | PYTotalRevenueAmt |
| CY Total Revenue | $26,443,841 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $10,326,206 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $10,872,422 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $15,147,692 | PYOtherExpensesAmt |
| CY Other Expenses | $14,553,634 | CYOtherExpensesAmt |
| PY Total Expenses | $25,473,898 | PYTotalExpensesAmt |
| CY Total Expenses | $25,426,056 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $2,051,566 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,017,785 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $7,560,116 | TotalAssetsBOYAmt |
| Total Assets EOY | $9,119,531 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $243,340 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,525,752 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $7,316,776 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $7,593,779 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| 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. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $24,917,544 | ExpenseAmt |
| Revenue | $3,318 | RevenueAmt |
| Desc | PROVIDED EDUCATION TO APPROXIMATELY 3,300 STUDENTS IN A VIRTUAL SETTING FOR THE FISCAL YEAR ENDED 6/30/23. | Desc |
| Total Program Service Expenses | $24,917,544 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (true) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 34 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 223 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Form8899 Filedind | false | Form8899Filedind |
| Form1098 C Filed | false | Form1098CFiledInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 7 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 7 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | Yes (true) | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | K-12 VIRTUAL SCHOOLS LLC | PersonNm |
| Phone | 5713537793 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11720 PLAZA AMERICA DR 9TH FLOOR | AddressLine1Txt |
| City | RESTON | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 20190 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (7 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd |
|---|---|---|---|---|---|---|
| CHRIS FARRELL | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| MARK FLEMING | ||||||
| SECRETARY | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| WALTER MARTIN | ||||||
| VICE CHAIR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| DR STEVEN PETERS | ||||||
| TREASURER | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| BRENDA ROBERTSON | ||||||
| CHAIR OF THE | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| SARA STRUHS | ||||||
| EXECUTIVE DI | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| NATALIE WRIGHT | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| K-12 VIRTUAL SCHOOLS LLC | |||||
| 11720 PLAZA AMERICA DR 9TH FLOOR | RESTON | VA | 20190 | MANAGEMENT SVCS | $12,851,629 |
| VARSITY TUTORS LLC | |||||
| 101 S HANLEY RD SUITE 300 | ST LOUIS | MO | 63105 | TUTORS | $430,000 |
| GLOBAL TELETHERAPY | |||||
| 1777 REISTERSTOWN RD SUITE 165-R | PIKESVILLE | MD | 21208 | THERAPY | $242,294 |
| THERAPY SOURCE INC | |||||
| 5215 MILITIA HILL ROAD | PLYMOUTH MEETING | PA | 19462 | THERAPY | $171,805 |
| BST LIVE LLC | |||||
| PO BOX 812127 | BOCA RATON | FL | 33481 | THERAPY | $123,339 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $25,844,155 | GovernmentGrantsAmt |
| All Other Contributions | $60,000 | AllOtherContributionsAmt |
| Total Contributions | $25,904,155 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | STUDENT ACTIVITIES | Desc |
| Business | 611710 | BusinessCd |
| Total Revenue Column | $3,318 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $3,318 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $3,318 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $6,450 | TotalRevenueColumnAmt |
| Exclusion | $6,450 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|---|
| SALES TAX REFUND | 900099 | $528,650 | $528,650 | |
| MISCELLANEOUS REVENUE | 900099 | $1,268 | $1,268 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $529,918 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $26,443,841 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $4,586 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $535,100 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,362,234 | TotalAmt |
| Program Services | $8,194,989 | ProgramServicesAmt |
| Management And General | $167,245 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $98,940 | TotalAmt |
| Program Services | $96,961 | ProgramServicesAmt |
| Management And General | $1,979 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,796,335 | TotalAmt |
| Program Services | $1,760,408 | ProgramServicesAmt |
| Management And General | $35,927 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $614,913 | TotalAmt |
| Program Services | $602,615 | ProgramServicesAmt |
| Management And General | $12,298 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $43,000 | TotalAmt |
| Program Services | $42,140 | ProgramServicesAmt |
| Management And General | $860 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $26,675 | TotalAmt |
| Program Services | $26,141 | ProgramServicesAmt |
| Management And General | $534 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,772,411 | TotalAmt |
| Program Services | $12,516,963 | ProgramServicesAmt |
| Management And General | $255,448 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $514 | TotalAmt |
| Program Services | $514 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $40,979 | TotalAmt |
| Program Services | $40,159 | ProgramServicesAmt |
| Management And General | $820 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $433,980 | TotalAmt |
| Program Services | $425,300 | ProgramServicesAmt |
| Management And General | $8,680 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $350,602 | TotalAmt |
| Program Services | $343,590 | ProgramServicesAmt |
| Management And General | $7,012 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $178,792 | TotalAmt |
| Program Services | $175,216 | ProgramServicesAmt |
| Management And General | $3,576 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $144,671 | TotalAmt |
| Program Services | $141,778 | ProgramServicesAmt |
| Management And General | $2,893 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $981 | TotalAmt |
| Program Services | $961 | ProgramServicesAmt |
| Management And General | $20 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $79,894 | TotalAmt |
| Program Services | $78,296 | ProgramServicesAmt |
| Management And General | $1,598 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| SALES & USE TAX | $243,223 | $238,359 | $4,864 |
| SUPPLIES & MATERIALS | $99,980 | $97,980 | $2,000 |
| ADMINISTRATIVE | $90,756 | $88,941 | $1,815 |
| MEMBERSHIP DUES & FEES | $20,785 | $20,369 | $416 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $26,391 | TotalAmt |
| Program Services | $25,864 | ProgramServicesAmt |
| Management And General | $527 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $25,426,056 | TotalAmt |
| Program Services | $24,917,544 | ProgramServicesAmt |
| Management And General | $508,512 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,322,870 | BOYAmt |
| EOY | $5,824,301 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $500,000 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $124,451 | BOYAmt |
| EOY | $506,223 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $101,933 | BOYAmt |
| EOY | $68,597 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $7,844 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $7,844 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,549 | BOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $1,500,000 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,313 | BOYAmt |
| EOY | $720,410 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,560,116 | BOYAmt |
| EOY | $9,119,531 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $243,340 | BOYAmt |
| EOY | $664,989 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $860,763 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $243,340 | BOYAmt |
| EOY | $1,525,752 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,316,776 | BOYAmt |
| EOY | $7,593,779 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,316,776 | BOYAmt |
| EOY | $7,593,779 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,560,116 | BOYAmt |
| EOY | $9,119,531 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $1,017,785 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$5,823 | NetUnrlzdGainsLossesInvstAmt |
| Prior Period Adjustments | -$665,829 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | -$69,130 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (true) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (true) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $17,473,684 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $20,254,513 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $23,817,988 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $27,496,668 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $25,904,155 | CurrentTaxYearAmt |
| Total | $114,947,008 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $17,473,684 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $20,254,513 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $23,817,988 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $27,496,668 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $25,904,155 | CurrentTaxYearAmt |
| Total | $114,947,008 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $18,981,066 | SubstantialContributorsTotAmt |
| Public Support Total170 | $95,965,942 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | $6,450 | CurrentTaxYearAmt |
| Total | $6,450 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | $528,650 | CurrentTaxYearAmt |
| Total | $528,650 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $115,482,108 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $33,382 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.83100 | PublicSupportCY170Pct |
| Public Support PY170 | 1.00000 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $7,844 | OtherCostOrOtherBasisAmt |
| Depreciation | $7,844 | DepreciationAmt |
Other Assets Org OtherAssetsOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| LEASED ASSET | $712,097 |
| SECURITY DEPOSIT | $8,313 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $720,410 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| LEASE LIABILITY | $745,414 |
| ACCRUED SALARIES AND PAYROLL WITHHOL | $115,108 |
| DUE TO OTHER GOVERNMENTS | $241 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $860,763 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $26,438,018 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$5,823 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | -$5,823 | RevenueNotReportedAmt |
| Revenue Subtotal | $26,443,841 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $26,443,841 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $25,495,186 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $136,921 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $136,921 | ExpensesNotReportedAmt |
| Expenses Subtotal | $25,358,265 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $67,791 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $67,791 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $25,426,056 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE D, PAGE 4, PART XII, LINE 2D | GASB 87 LEASE AMORTIZATION EXPENSE 110,976 GASB 87 LEASE INTEREST 25,945 |
| SCHEDULE D, PAGE 4, PART XII, LINE 4B | BUILDING RENTAL & LEASES 67,791 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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. |
| 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. |
| FORM 990, PART IX, LINE 11G | 12,516,963 255,448 0 |
| FORM 990, PART XI, LINE 9 | GASB 87 LEASE AMORTIZATION EXPENSE -110,976 GASB 87 LEASE INTEREST -25,945 BUILDING RENTAL & LEASES 67,791 TOTAL -69,130 |
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