Four Lakes Education Inc
- Assets
- $21.2m
- Revenue
- $36.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Mcfarland, WI
- Founding
- 02/2011
- Data as of
- 06/2023
- EIN
- 26-4055721
Organization Overview
Four Lakes Education Inc, operating under the name Wisconsin Virtual Academy, is located in Mcfarland, WI. The organization was established in 2011. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wisconsin 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 06/2023, Wisconsin Virtual Academy generated $36.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $37.1m during the year ending 06/2023. While expenses have increased by 14.0% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE PUBLIC CHARTER SCHOOL EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WISCONSIN VIRTUAL ACADEMY'S PURPOSE IS TO UTILIZE RESEARCH-BASED TECHNOLOGY APPLICATIONS AND MEANINGFUL TEACHER/STUDENT/PARENT INVOLVEMENT, TO PROVIDE A NEW INNOVATIVE MODEL OF PUBLIC CHARTER SCHOOL EDUCATION CHOICE ADAPTED TO THE NEEDS OF ELEMENTARY, MIDDLE, AND HIGH SCHOOL STUDENTS, TO PROMOTE MASTERY OF THE WISCONSIN MODEL ACADEMIC STANDARDS STATEWIDE IN WISCONSIN.
DESTINATIONS CAREER ACADEMY OF WISCONSIN'S PURPOSE IS TO PROVIDE AN INNOVATIVE ONLINE SCHOOL THAT COMBINES TRADITIONAL ACADEMICS WITH CAREER TECHNICAL EDUCATION, GIVING STUDENTS IN GRADES 9-12 A HEAD START ON THEIR COLLEGE AND CAREER GOALS.
INSIGHT SCHOOL OF WISONSIN HIGH SCHOOL IS AN AT RISK DESIGNATED SCHOOL IN WHICH ITS PURPOSE IS TO PROVIDE EDUCATION SERVICES TO AT RISK STUDENTS. THE ORGANIZATION IS LARGELY FUNDED THROUGH A CHARTER SCHOOL CONTRACT WITH THE SCHOOL DISTRICT OF MCFARLAND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerard J Deschane President | OfficerTrustee | 0.5 | $2,720 |
Laura Cataldo Vice Preside | OfficerTrustee | 0.5 | $2,720 |
Nick Cochart Secretary | OfficerTrustee | 0.5 | $2,720 |
Robb Kahl Treasurer | OfficerTrustee | 0.5 | $2,720 |
Dean Gille Member | Trustee | 0.5 | $2,720 |
Amy Sue Vruwink Member | Trustee | 0.5 | $2,720 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
K12 Virtual Schools Llc Mgmt Services | 6/29/23 | $7,632,089 |
Devon Health Care Spec Ed Service | 6/29/23 | $410,241 |
Virtual Technologies Group Technology | 6/29/23 | $134,249 |
Comm-core Technology | 6/29/23 | $102,212 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $35,462,480 |
| Investment income | $386,355 |
| 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 | $35,963,192 |
| 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. | $16,320 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $6,818,304 |
| Fees for services: Legal | $50,007 |
| Fees for services: Accounting | $17,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,641,675 |
| Advertising and promotion | $0 |
| Office expenses | $357,307 |
| Information technology | $2,711,279 |
| Royalties | $0 |
| Occupancy | $349,218 |
| Travel | $214,069 |
| 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 | $61,836 |
| Insurance | $53,017 |
| All other expenses | $31,044 |
| Total functional expenses | $37,076,459 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $19,066,851 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $394,167 |
| 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 | $52,875 |
| Net Land, buildings, and equipment | $1,660,252 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,174,145 |
| Accounts payable and accrued expenses | $13,623,019 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,573,673 |
| Total liabilities | $15,196,692 |
| Net assets without donor restrictions | $5,977,453 |
| 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 | $21,174,145 |