California Virtual Academy At Sutter 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 Academy At Sutter employed 82 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. California Virtual Academy At Sutter 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 Academy At Sutter generated $17.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $16.8m during the year ending 06/2022. While expenses have increased by 10.7% 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 |
---|---|---|---|
Susan Heumphreus President | OfficerTrustee | 1 | $0 |
Aimee Roha Secretary (left 11/2021) | OfficerTrustee | 1 | $0 |
Marie Kay Treasurer (left 9/2022) | OfficerTrustee | 1 | $0 |
Ashlee Chen Board Member (left 6/2022) | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $17,634,192 |
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 | $17,634,192 |
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 | $17,646,143 |
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 | $5,809,765 |
Pension plan accruals and contributions | $718,833 |
Other employee benefits | $359,234 |
Payroll taxes | $479,306 |
Fees for services: Management | $0 |
Fees for services: Legal | $9,466 |
Fees for services: Accounting | $44,811 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $2,581,760 |
Advertising and promotion | $0 |
Office expenses | $125,730 |
Information technology | $3,819,604 |
Royalties | $0 |
Occupancy | $0 |
Travel | $9,381 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $53,286 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $19,671 |
Insurance | $19,155 |
All other expenses | $0 |
Total functional expenses | $16,833,402 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $3,404,796 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $2,759,522 |
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 | $20,983 |
Net Land, buildings, and equipment | $55,684 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $6,240,985 |
Accounts payable and accrued expenses | $769,091 |
Grants payable | $0 |
Deferred revenue | $525,462 |
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 | $4,133,691 |
Total liabilities | $5,428,244 |
Net assets without donor restrictions | $53,134 |
Net assets with donor restrictions | $759,607 |
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 | $6,240,985 |