California Virtual Academies At Los Angeles is located in Simi Valley, CA. The organization was established in 2009. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, California Virtual Academies At Los Angeles employed 503 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. California Virtual Academies At Los Angeles is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, California Virtual Academies At Los Angeles generated $73.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $72.6m during the year ending 06/2022. While expenses have increased by 11.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE TUITION-FREE VIRTUAL EDUCATION THROUGH TECHNOLOGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAVA (CALIFORNIA VIRTUAL ACADEMY) PROGRAMS BLEND INNOVATIVE NEW INSTRUCTIONAL TECHNOLOGY WITH A TRADITIONAL CURRICULUM FOR STUDENTS ALL ACROSS CALIFORNIA. CAVA USES THE K12 CURRICULUM TO OFFER CALIFORNIA STUDENTS IN GRADES K-12 AN EXCEPTIONAL LEARNING EXPERIENCE. WITH INDIVIDUALIZED LEARNING APPROACHES, CAVA AND K12 PROVIDE THE TOOLS KIDS NEED TO SUCCEED IN SCHOOL AND BEYOND.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
John Bodenschatz President | OfficerTrustee | 1 | $0 |
Frank Wilson CFO | OfficerTrustee | 1 | $0 |
Stephanie Hansen-Sturm Secretary | OfficerTrustee | 1 | $0 |
Dezi Waterhouse Board Member | Trustee | 1 | $0 |
Mike Seaman Resigned 022022 District Representative | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $73,829,149 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $73,829,149 |
Total Program Service Revenue | $0 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $73,867,132 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $26,314,807 |
Pension plan accruals and contributions | $2,843,486 |
Other employee benefits | $953,749 |
Payroll taxes | $2,170,972 |
Fees for services: Management | $0 |
Fees for services: Legal | $80,061 |
Fees for services: Accounting | $42,994 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $11,251,681 |
Advertising and promotion | $0 |
Office expenses | $420,920 |
Information technology | $14,924,304 |
Royalties | $0 |
Occupancy | $0 |
Travel | $27,979 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $63,216 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $197,833 |
Insurance | $76,904 |
All other expenses | $0 |
Total functional expenses | $72,634,843 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $7,722,294 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $13,151,900 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $80,463 |
Net Land, buildings, and equipment | $456,085 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $21,410,742 |
Accounts payable and accrued expenses | $7,290,596 |
Grants payable | $0 |
Deferred revenue | $3,811,878 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $9,075,979 |
Total liabilities | $20,178,453 |
Net assets without donor restrictions | -$1,541,821 |
Net assets with donor restrictions | $2,774,110 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $21,410,742 |