2015-05-09T13:02:59-05:00 2014-06-30 952648289 VAVRINEKTRINEDAY & CO LLP 8270 ASPEN STREET RANCHO CUCAMONGA CA 91730 990 2013-07-01 320079174 NOVA ACADEMY NOVA 7145435437 2130 E FOURTH ST SANTA ANA CA 92705 RENEE LANCASTER EXECUTIVE DIRECTOR 7145435437 2015-05-08 1 CATHERINE L GRAY P01294460 9094664410 2013 2016-02-25 16:41:14Z RENEE LANCASTER 2130 E FOURTH ST SANTA ANA CA 92705 6633760 0 X WWW.NOVA-ACADEMY.ORG X 2002 CA TO EDUCATE AND PREPARE ALL STUDENTS TO BE SUCCESSFUL IN COLLEGE, CAREER AND LIFE. NOVA ACADEMY IS DEDICATED TO THE VISION OF PROVIDING UNDERREPRESENTED STUDENTS ACCESS TO AN ACADEMICALLY RIGOROUS, BLENDED HIGH SCHOOL/COLLEGE CURRICULUM, 6 6 71 210 0 0 1118001 6633428 4135239 0 0 332 69777 0 5323017 6633760 2894187 0 0 0 0 3375752 0 0 0 2055909 1998796 4950096 5374548 372921 1259212 2362438 2718504 1315404 412258 1047034 2306246 X TO INSPIRE, EDUCATE AND PREPARE ALL STUDENTS TO BE SUCCESSFUL IN COLLEGE, CAREER AND IN LIFE. PROVIDING STUDENTS WITH THE OPPORTUNITY TO ATTEND COLLEGE CLASSES IN HIGH SCHOOL AND TO SUCCESSFULLY TRANSITION INTO A HIGHER EDUCATION AND IS DEDICATED TO THE VISION OF PROVIDING UNDERREPRESENTED STUDENTS ACCESS TO AN ACADEMICALLY RIGOROUS, BLENDED HIGH SCHOOL/COLLEGE CURRICULUM. 0 0 3941985 NOVA ACADEMY PROVIDES EDUCATION AT AN EARLY COLLEGE LEVEL FOR HIGH SCHOOL STUDENTS IN GRADES 9-12. THE ORGANIZATION OPERATES TWO CHARTER SCHOOLS THAT WORK IN PARTNERSHIP WITH THEIR RESPECTIVE SCHOOL DISTRICTS AND COMMUNITY COLLEGES. THE CHARTER SCHOOL LOCATED IN SANTA ANA PROVIDES STUDENTS THE OPPORTUNITY TO ENROLL IN COURSES AT SANTA ANA COLLEGE. THE CHARTER SCHOOL LOCATED IN COACHELLA PROVIDES STUDENTS THE OPPORTUNITY TO ENROLL IN COURSES AT THE COLLEGE OF THE DESERT. AT BOTH LOCATIONS STUDENTS ARE ABLE TO ENROLL IN COMMUNITY COLLEGE COURSES CONCURRENTLY WITH CLASSES AT THE CHARTER SCHOOL IN ORDER TO ASSIST THE STUDENTS IN A SUCCESSFUL TRANSITION INTO HIGHER EDUCATION AFTER HIGH SCHOOL. 3941985 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 14 0 1 71 1 0 0 0 0 0 0 0 0 0 0 X 6 6 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 CA X X THE ORGANIZATION 7145435437 2130 E FOURTH ST SANTA ANA CA 92705 DARREL ANDERSON PRESIDENT 1.00 X X 0 0 0 SANFORD OTSUJI CHAIR 1.00 X X 0 0 0 SUSAN GARRETT SECRETARY 1.00 X X 0 0 0 DAVID SHEA TREASURER 1.00 X X 0 0 0 BRENDA GONZALES DIRECTOR 1.00 X 0 0 0 SANDRA SALAS DIRECTOR 1.00 X 0 0 0 RENEE LANCASTER EXECUTIVE DIRECTOR OF EDUCATION 40.00 X 130138 0 2148 DORON ZINGER DIRECTOR OF CHARTER SCHOOL 40.00 X 92796 0 13855 DR DONALD VERLEUR PRESIDENT & FOUNDER 40.00 X 158472 0 0 381406 0 16003 2 0 1 0 0 5858057 775371 6633428 332 332 6633760 0 0 332 X 381406 381406 2346295 2346295 317520 289302 28218 330531 300425 30106 721888 45665 676223 646692 646692 51951 51951 163 163 35590 35590 57403 57403 STUDENT NUTRITION 224178 158543 65635 INSTRUCTIONAL MATERIALS 152669 107904 44765 EQUIPMENT 66808 47159 19649 COMMUNICATIONS 22088 22088 19366 19366 5374548 3941985 1432563 0 12184 845606 2140477 1308096 54079 71577 276088 133551 89448 142537 297576 66250 53112 2362438 2718504 106078 396130 16128 1209326 0 1315404 412258 X 990784 2306246 56250 0 1047034 2306246 2362438 2718504 1259212 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 276088 133551 142537 142537 COUNTY TREASURY INVESTMENT POOL 297576 F 297576 X 6633760 0 6633760 0 6633760 5374548 0 5374548 0 5374548 PART X, LINE 2: THE ORGANIZATION HAS ADOPTED FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC 740 THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN AND PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN BE RECOGNIZED IN THE FINANCIAL STATEMENTS ONLY IF, BASED ON ITS MERITS, THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON AUDIT BY THE TAXING AUTHORITIES. MANAGEMENT BELIEVES THAT ALL TAX POSITIONS TAKEN TO DATE ARE HIGHLY CERTAIN, AND, ACCORDINGLY, NO ACCOUNTING ADJUSTMENTS HAS BEEN MADE TO THE FINANCIAL STATEMENTS. 1 1 1 1 0 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 IN THE NOVA ACADEMY RECRUITMENT MATERIAL IT STATES "NOVA ACADEMY EARLY COLLEGE HIGH SCHOOL WILL NOT DISCRIMINATE ON THE BASIS OF RACE,ETHNICITY,GENDER, NATIONAL ORIGIN, RELIGION, DISABILITY, OR ANY OTHER CLASS PROTECTED BY STATE OR FEDERAL LAW OR LOCAL ORDINANCE IN THE ADMINISTRATION OF ITS PROGRAMS, ADMISSION POLICIES, AND ALL OTHER OPERATIONS." SCHEDULE E, PART I, LINE 4 NO FINANCIAL ASSISTANCE AWARDED CALIFORNIA PUBLIC CHARTER SCHOOL SCHEDULE E, PART I, LINE 6 CALIFORNIA STATE APPORTIONMENT REVENUE BASED ON STUDENT ATTENDANCE 1 X X X 0 0 0 0 0 0 0 0 0 DR DONALD VERLEUR PRESIDENT & FOUNDER 158472 0 0 0 0 0 0 0 0 0 158472 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 DONALD A VERLEUR, PRESIDENT AND FOUNDER OF APPROACH LEARNING CENTER, IS THE FATHER OF DONAD A VERLEUR II, THE CEO OF THE OLIVE CREST; LOIS VERLEUR, THE CO-FOUNDER OF OLIVE CREST, IS THE MOTHER OF DONALD A VERLEUR II. DONALD A VERLEUR, PRESIDENT AND FOUNDER OF NOVA ACADEMY,IS THE FATHER OF RENEE LANCASTER, EXECUTIVE DIRECTOR OF NOVA ACADEMY. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY THE ORGANIZATION'S EXECUTIVE DIRECTOR AND CHIEF BUSINESS OFFICER. THE FORM IS ALSO PRESENTED AND PROVIDED TO THE BOARD MEMBERS AT THE FIRST FORMAL BOARD MEETING FOLLOWING THE COMPLETION OF THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR THE BOARD OF DIRECTORS REVIEWS THE WRITTEN CONFLICT OF INTEREST POLICY. THE BOARD IS ASKED TO CERTIFY THAT THERE ARE NO INTRESTS THAT WOULD CONFLICT WITH THEIR ABILITY TO SERVE AS A BOARD MEMBER. THE CERTIFICATION IS DOCUMENTED IN THE BOARD MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION PERFORMS A STUDY EACH YEAR LOOKING AT COMPARABLE INDUSTRY STANDARD FOR SALARIES AND APPLIED THOSE STANDARDS ACROSS THE POSITIONS IT HAS. THE SALARIES OF THE KEY EMPLOYEES ARE INCLUDED IN THE BUDGET PRESENTED TO THE BOARD PRIOR TO THE BEGINNING OF THE FISCAL YEAR. THE BOARD OF DIRECTORS HAS THE ABILITY TO MODIFY OR CHANGE THE COMPENSATIONS THROUGH A MAJORITY VOTE. FORM 990, PART VI, SECTION C, LINE 19 THE REQUIRED DOCUMENTS ARE AVAILABLE AT THE BUSINESS ADDRESS DURING NORMAL BUSINESS HOURS UPON REQUEST. FORM 990, PART IX, LINE 11G EDUCATIONAL CONSULTANTS: PROGRAM SERVICE EXPENSES 45,665. MANAGEMENT AND GENERAL EXPENSES 676,223. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 721,888. OLIVE CREST USA 2130 E 4TH ST SANTA ANA CA 92705 800830541 SUPPORT CA 501(C)(3) LINE 11A, I OLIVE CREST 0 OLIVE CREST ABUSED CHILDREN'S FOUNDATION 2130 E 4TH ST SANTA ANA CA 92705 330367975 FUND DEVELOPMENT CA 501(C)(3) LINE 11A, I OLIVE CREST 0 APPROACH LEARNING & ASSESSMENT 2130 E 4TH ST SANTA ANA CA 92705 953717718 EDUCATION CA 501(C)(3) LINE 7 OLIVE CREST 0 OLIVE CREST 2130 E 4TH ST SANTA ANA CA 92705 952877102 TREATMENT CA 501(C)(3) LINE 7 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 OLIVE CREST K 232800 ACTUAL AMOUNT OLIVE CREST P 236041 ACTUAL AMOUNT PART II TAX-EXEMPT ORGANIZATIONS THE ORGANIZATION IS ASSOCIATED WITH FOUR ORGANIZATIONS, OLIVE CREST, APPROACH LEARNING AND ASSESSMENT CENTERS, ABUSED CHILDREN'S FOUNDATION, AND OLIVE CREST USA. DUE TO THE NATURE OF THE OPERATION, THE ASSOCIATED ORGANIZATIONS REGULARLY INCUR EXPENSES AND RECEIVE FUNDS FOR THE OTHER ORGANIZATIONS, WHICH ARE RECORDED IN THE CORRECT ORGANIZATIONS ACCOUNTING RECORDS, WITH OFFSETTING ENTRIES TO THE DUE TO OR FROM PARTNERS ACCOUNTS. OLIVE CREST HAS PURCHASED VEHICLES AND INCURRED DEBT ON BEHALF OF THE SCHOOL, BUT DOES NOT POSSESS OR USE THE ASSETS. OLIVE CREST HAS ACTED AS A FINANCING COMPANY (MIDDLEMAN) BETWEEN THE SCHOOL AND THIRD PARTIES, TO ENABLE THE SCHOOL TO PURCHASE VEHICLES. THE SCHOOL POSSESS THE ASSETS AND MAKES THE PAYMENTS ON THE DEBT, AND THE CORRESPONDING ASSETS AND LIABILITIES ARE SHOWN ON THE SCHOOLS STATEMENT OF FINANCIAL POSITION. OLIVE CREST USA PROVIDES ADMINISTRATIVE SERVICES TO THE ORGANIZATION.