Friends Of California Virtual Education
- Assets
- $5.0m
- Revenue
- $9.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Ripon, CA
- Founding
- Data as of
- 06/2017
- EIN
- 45-3970141
Organization Overview
Friends Of California Virtual Education is located in Ripon, CA. Friends Of California Virtual Education 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 06/2017, Friends Of California Virtual Education generated $9.5m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $9.5m during the year ending 06/2017. While expenses have increased by 5.7% per year over the past 3 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF CALIFORNIA CONNECTIONS ACADEMY SCHOOLS IS TO LEVERAGE 21ST CENTURY EDUCATION RESOURCES ON BEHALF OF STUDENTS WHO NEED A MORE PERSONALIZED APPROACH TO LEARNING TO MAXIMIZE THESE STUDENTS' POTENTIAL AND MEET THE HIGHEST PERFORMANCE STANDARDS.THE MISSION IS ACCOMPLISHED THROUGH A UNIQUELY INDIVIDUALIZED LEARNING PROGRAM THAT COMBINES THE BEST IN VIRTUAL EDUCATION WITH REAL CONNECTIONS AMONG STUDENTS, FAMILY, TEACHERS, AND THE COMMUNITY TO PROMOTE ACADEMIC AND EMOTIONAL SUCCESS FOR EVERY LEARNER. THE CHARTER SCHOOL PROGRAM PROVIDES A HIGH-QUALITY, HIGH-TECH, HIGH-INTERACTION VIRTUAL "SCHOOL WITHOUT WALLS" THAT BRINGS AN ACCREDITED TUITION FREE PUBLIC EDUCATIONAL PROGRAM DIRECTLY INTO THE HOMES OF STUDENTS IN GRADES K-12.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A CHARTER SCHOOL PROVIDING EDUCATIONAL OPPORTUNITIES TO THE SURROUNDING COMMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Savage School Leader | Officer | 9 | $39,292 |
Franci Sassin Dir. Of Bus Srvcs | Officer | 9 | $27,527 |
Michael Henjum Board President | OfficerTrustee | 1 | $0 |
Elaine Pavlich Board Secretary | OfficerTrustee | 1 | $0 |
Paul Hedrick Board Member | Trustee | 1 | $0 |
Veronica Schreiver Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,359,385 |
| Investment income | $3,778 |
| 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 | $9,470,000 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $2,971,691 |
| Pension plan accruals and contributions | $329,277 |
| Other employee benefits | $727,775 |
| Payroll taxes | $79,186 |
| Fees for services: Management | $810,198 |
| Fees for services: Legal | $11,260 |
| Fees for services: Accounting | $199,394 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $856,557 |
| Advertising and promotion | $90,352 |
| Office expenses | $93,185 |
| Information technology | $1,214,396 |
| Royalties | $0 |
| Occupancy | $134,155 |
| Travel | $103,084 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $37,602 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,962 |
| All other expenses | $0 |
| Total functional expenses | $9,460,601 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,114 |
| Savings and temporary cash investments | $1,602,837 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,348,677 |
| 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 | $7,584 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,018,212 |
| Accounts payable and accrued expenses | $4,996,605 |
| 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 | $0 |
| Total liabilities | $4,996,605 |
| Net assets without donor restrictions | -$53,393 |
| Net assets with donor restrictions | $75,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $21,607 |
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