Pennsylvania Virtual Charter School

Organization Overview

Pennsylvania Virtual Charter School is located in King Of Prussia, PA. The organization was established in 2003. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, Pennsylvania Virtual Charter School employed 372 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pennsylvania Virtual Charter School 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, Pennsylvania Virtual Charter School generated $56.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $49.8m during the year ending 06/2022. While expenses have increased by 7.9% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF PA VIRTUAL IS TO PROVIDE PENNSYLVANIA STUDENTS WITH AN EXCELLENT EDUCATION, GROUNDED IN HIGH ACADEMIC STANDARDS, WHICH WILL HELP THEM ACHIEVE THEIR FULL ACADEMIC AND SOCIAL POTENTIAL.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DURING THE 2021-2022 SCHOOL YEAR, THE ORGANIZATION'S SIXTEENTH YEAR OF INDEPENDENT OPERATION, PAVCS BILLED FOR 3,160 STUDENTS IN KINDERGARTEN THROUGH 12TH GRADES. THESE STUDENTS EMANATE FROM DIVERSE ETHNIC, RACIAL, AND SOCIO-ECONOMIC BACKGROUNDS FROM ACROSS PENNSYLVANIA. THIS SCHOOL YEAR, PAVCS HAD STUDENTS ENROLLED FROM 423 OF THE 500 SCHOOL DISTRICTS IN THE COMMONWEALTH.


FEDERAL TITLE PROGRAMS (TITLE I, II, IV). TITLE I IS AUTHORIZED BY THE NO CHILD LEFT BEHIND ACT OF 2001, WHICH IS THE LARGEST FEDERALLY FUNDED EDUCATIONAL PROGRAM. THE PURPOSE OF THIS TITLE IS TO ENSURE THAT ALL CHILDREN HAVE A FAIR, EQUAL, AND SIGNIFICANT OPPORTUNITY TO OBTAIN A HIGH-QUALITY EDUCATION AND REACH, AT A MINIMUM, PROFICIENCY ON CHALLENGING STATE ACADEMIC ACHIEVEMENT STANDARDS AND STATE ACADEMIC ASSESSMENTS. THIS PROGRAM AUTHORIZED BY CONGRESS, PROVIDES SUPPLEMENTAL FUNDS TO SCHOOL DISTRICTS AND DESIGNED TO ASSIST STUDENTS IN MEETING STATE CONTENT AND PERFORMANCE STANDARDS IN READING, LANGUAGE ARTS, AND MATHEMATICS (BASIC PROGRAMS). TITLE II PROVIDES FUNDING FOR PROFESSIONAL DEVELOPMENT TO SUPPORT ACHIEVEMENT AND MAINTAIN A HIGHLY QUALIFIED TEACHING STAFF. TITLE IV'S PURPOSE IS TO SUPPORT PROGRAMS THAT PREVENT VIOLENCE IN AND AROUND SCHOOLS; THAT PREVENT THE ILLEGAL USE OF ALCOHOL, TOBACCO, AND DRUGS; THAT INVOLVE PARENTS AND COMMUNITIES; AND THAT ARE COORDINATED WITH RELATED FEDERAL, STATE, SCHOOL, AND COMMUNITY EFFORTS AND RESOURCES TO FOSTER A SAFE AND DRUG-FREE LEARNING ENVIRONMENT THAT SUPPORTS STUDENT ACADEMIC ACHIEVEMENT


IDEA - THE AMENDMENTS TO THE INDIVIDUALS WITH DISABILITIES EDUCATION IMPROVEMENT ACT (IDEIA) OF 2004 AND PENNSYLVANIA REGULATIONS MANDATE THAT EVERY CHARTER SCHOOL IN THE STATE DEVELOP A SYSTEM TO IDENTIFY CHILDREN WITH DISABILITIES WHO ARE ENROLLED IN THE SCHOOL. PAVCS WILL LOCATE, IDENTIFY, AND EVALUATE CHILDREN WHO ENROLL IN PAVCS IN ACCORDANCE WITH ALL FEDERAL REGULATIONS AND STATE STANDARDS. IN ADDITION PAVCS SHALL PROVIDE AN ELIGIBLE CHILD AND HIS/HER PARENT/GUARDIAN WITH SAFEGUARDS, AS REQUIRED BY APPLICABLE LAW. PAVCS INCURRED EXPENSES FOR PHYSICAL SUPPORT SERVICES, PSYCHOLOGICAL TESTING, AND SPEECH SUPPORT SERVICES WHILE CARRYING OUT ITS PROGRAM FOR STUDENTS WITH DISABILITIES.


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Board, Officers & Key Employees

Name (title)Compensation
Bonnie M Schaefer
President
$0
Brenda Sachleben
Vice President
$0
Sophia Lewis
Secretary
$0
Victor Valentine
Treasurer
$0
Carl Schwartz
Board Member
$0
Jason Billups
Chief Financial Officer
$176,500

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Rxbenefits Inc - Lockbox
Benefits
$1,754,462
Veris Benefits Consortium
Benefits
$1,176,122
Metropolitan Life Insurance Co
Benefits
$461,501
Jigsaw Interactive
Curriculum And Materials
$171,408
Mckenna Snyder Llc
Legal Services
$164,226
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $56,279,537
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$56,279,537
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 -$9,744
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $56,299,619

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