Nevada Virtual Academy
- Assets
- $12.4m
- Revenue
- $18.4m
- Investments
- $0.0
- Employees
- 134
- Location
- Las Vegas, NV
- Founding
- Data as of
- 06/2022
- EIN
- 20-5837609
Organization Overview
Nevada Virtual Academy is located in Las Vegas, NV. 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, Nevada Virtual Academy employed 134 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nevada Virtual Academy 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, Nevada Virtual Academy generated $18.4m in total revenue. The organization has seen a slow decline revenue. Over the past 2 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $16.8m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 2 years. 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
THE SCHOOL IS A FREE PUBLIC CHARTER SCHOOL WHICH USES THE STRIDE/K12 CURRICULUM TO OFFER NEVADA STUDENTS IN 6TH THROUGH 12TH GRADE AN EXCEPTIONAL EDUCATION. THE SCHOOL'S MISSION IS TO PROMOTE STUDENT ACHIEVEMENT BY PREPARING EVERY STUDENT FOR COLLEGE AND CAREER READINESS EVERY DAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS A PUBLICLY FUNDED CHARTER SCHOOL, WE PROVIDE STUDENTS AND FAMILIES WITH A COMPLETE CURRICULUM PROVIDED BY K12 AND HIGHLY QUALIFIED NEVADA-LICENSED TEACHER INSTRUCTION IN EVERY COURSE. WE HAVE EVERYTHING YOUR CHILD NEEDS FOR A SUCCESSFUL EDUCATIONAL EXPERIENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mrs Samantha Morris President | OfficerTrustee | 8 | $0 |
Mrs Shannon Barry Vice Preside | OfficerTrustee | 2 | $0 |
Mrs Shannon Dangl Treasurer | OfficerTrustee | 2 | $0 |
Mr Jordan Sommaggio Member | Trustee | 1 | $0 |
Mr Glen Curry Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $18,350,080 |
| 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 | $18,350,080 |
| Total Program Service Revenue | $22,336 |
| 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 | $18,372,416 |
| 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 | $6,002,594 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $741,213 |
| Payroll taxes | $0 |
| Fees for services: Management | $2,274,227 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $358,147 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $394,107 |
| Royalties | $0 |
| Occupancy | $233,168 |
| Travel | $105,278 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $66,540 |
| Insurance | $48,727 |
| All other expenses | $12,389 |
| Total functional expenses | $16,783,857 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,735,148 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,686,653 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,944,505 |
| Total assets | $12,366,306 |
| Accounts payable and accrued expenses | $1,176,374 |
| Grants payable | $0 |
| Deferred revenue | $1,000 |
| 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 | $17,889,272 |
| Total liabilities | $19,066,646 |
| Net assets without donor restrictions | -$6,700,340 |
| Net assets with donor restrictions | $0 |
| 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 | $12,366,306 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Nevada Virtual Academy has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Dollar General Literacy Foundation Goodlettsville, TN PURPOSE: YOUTH LITERACY | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Utah Charter Academies Draper, UT | $87,193,817 | $47,458,045 |
Lifelong Learning Administration Corporation Lancaster, CA | $25,266,460 | $53,959,766 |
Wonderful College Prep Academy Delano, CA | $24,794,533 | $50,280,007 |
California Virtual Academies At Los Angeles Simi Valley, CA | $29,684,011 | $46,331,896 |
Cabrillo Point Academy Poway, CA | $23,203,988 | $48,389,829 |
Vaughn Next Century Learning Center San Fernando, CA | $201,824,802 | $53,063,832 |
Pacific Coast Academy Poway, CA | $20,772,611 | $44,078,486 |
Birmingham Community Charter High School Van Nuys, CA | $42,319,173 | $47,098,171 |
Education For Change Oakland, CA | $46,722,136 | $44,379,557 |
Mojave River Academy Schools Oro Grande, CA | $19,432,116 | $42,903,299 |
Isana Los Angeles, CA | $25,748,660 | $48,465,580 |
Legacy Traditional Schools - Nevada Inc Chandler, AZ | $98,471,077 | $39,227,732 |