2024-05-14T13:45:21-04:00 2023-06-30 844233121 SHARPE PATEL CPA 325 ARLINGTON AVE STE 630 CHARLOTTE NC 28203 990 2022-07-01 474549510 NORTH CAROLINA LEARNS INC NORT 9193460121 4220 NC HWY 55 STE 130 DURHAM NC 27713 SARA STRUHS EXECUTIVE DIRECTOR 9193460121 2024-05-13 true SARAH STRUHS 999009999 true MEGAN A RIDGLEY CPA P01317611 7044993893 2024-05-14 2022 2023-04-26 12:10:37Z NC VIRTUAL ACADEMY SARA STRUHS 4220 NC HIGHWAY 55 STE 130 DURHAM NC 27713 26443841 false X WWW.NCVA.K12.COM X 2012 NC NORTH CAROLINA VIRTUAL ACADEMY IS A COMMUNITY OF STUDENTS, FAMILIES AND EDUCATORS DEDICATED TO EXPANDING EDUCATIONAL CHOICE THROUGH INNOVATIVE AND TECHNOLOGY RICH INSTRUCTIONAL PRACTICES, AND IS ACCOUNTABLE FOR DEVELOPING EACH STUDENT'S FULL POTENTIAL FOR ACADEMIC AND POST-SECONDARY SUCCESS. 7 7 223 15 0 27496668 25904155 3318 6450 28796 529918 27525464 26443841 0 0 10326206 10872422 0 0 15147692 14553634 25473898 25426056 2051566 1017785 7560116 9119531 243340 1525752 7316776 7593779 X NORTH CAROLINA VIRTUAL ACADEMY IS A COMMUNITY OF STUDENTS, FAMILIES AND EDUCATORS DEDICATED TO EXPANDING EDUCATIONAL CHOICE THROUGH INNOVATIVE AND TECHNOLOGY RICH INSTRUCTIONAL PRACTICES, AND IS ACCOUNTABLE FOR DEVELOPING EACH STUDENT'S FULL POTENTIAL FOR ACADEMIC AND POST-SECONDARY SUCCESS. false false 24917544 3318 PROVIDED EDUCATION TO APPROXIMATELY 3,300 STUDENTS IN A VIRTUAL SETTING FOR THE FISCAL YEAR ENDED 6/30/23. 24917544 true true false false false false false false false false true false false true true false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 34 0 223 true false false false false false false false false false false false false false false X 7 7 false true false false false false false true true false false true true true true true true true true false X K-12 VIRTUAL SCHOOLS LLC 5713537793 11720 PLAZA AMERICA DR 9TH FLOOR RESTON VA 20190 X CHRIS FARRELL DIRECTOR 1.00 X 0 0 0 MARK FLEMING SECRETARY 1.00 X X 0 0 0 WALTER MARTIN VICE CHAIR 1.00 X 0 0 0 DR STEVEN PETERS TREASURER 1.00 X X 0 0 0 BRENDA ROBERTSON CHAIR OF THE 1.00 X X 0 0 0 SARA STRUHS EXECUTIVE DI 1.00 X X 0 0 0 NATALIE WRIGHT DIRECTOR 1.00 X 0 0 0 false false false K-12 VIRTUAL SCHOOLS LLC 11720 PLAZA AMERICA DR 9TH FLOOR RESTON VA 20190 MANAGEMENT SVCS 12851629 VARSITY TUTORS LLC 101 S HANLEY RD SUITE 300 ST LOUIS MO 63105 TUTORS 430000 GLOBAL TELETHERAPY 1777 REISTERSTOWN RD SUITE 165-R PIKESVILLE MD 21208 THERAPY 242294 THERAPY SOURCE INC 5215 MILITIA HILL ROAD PLYMOUTH MEETING PA 19462 THERAPY 171805 BST LIVE LLC PO BOX 812127 BOCA RATON FL 33481 THERAPY 123339 5 25844155 60000 25904155 STUDENT ACTIVITIES 611710 3318 3318 3318 6450 6450 SALES TAX REFUND 900099 528650 528650 MISCELLANEOUS REVENUE 900099 1268 1268 529918 26443841 4586 535100 X 8362234 8194989 167245 98940 96961 1979 1796335 1760408 35927 614913 602615 12298 43000 42140 860 26675 26141 534 12772411 12516963 255448 514 514 40979 40159 820 433980 425300 8680 350602 343590 7012 178792 175216 3576 144671 141778 2893 981 961 20 79894 78296 1598 SALES & USE TAX 243223 238359 4864 SUPPLIES & MATERIALS 99980 97980 2000 ADMINISTRATIVE 90756 88941 1815 MEMBERSHIP DUES & FEES 20785 20369 416 26391 25864 527 25426056 24917544 508512 0 7322870 5824301 500000 124451 506223 101933 68597 7844 7844 2549 1500000 8313 720410 7560116 9119531 243340 664989 860763 243340 1525752 X 7316776 7593779 7316776 7593779 7560116 9119531 X 1017785 -5823 -665829 -69130 X false true X true true true X 17473684 20254513 23817988 27496668 25904155 114947008 17473684 20254513 23817988 27496668 25904155 114947008 18981066 95965942 6450 6450 528650 528650 115482108 33382 0.83100 1.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7844 7844 LEASED ASSET 712097 SECURITY DEPOSIT 8313 720410 LEASE LIABILITY 745414 ACCRUED SALARIES AND PAYROLL WITHHOL 115108 DUE TO OTHER GOVERNMENTS 241 860763 26438018 -5823 -5823 26443841 26443841 25495186 136921 136921 25358265 67791 67791 25426056 SCHEDULE D, PAGE 4, PART XII, LINE 2D GASB 87 LEASE AMORTIZATION EXPENSE 110,976 GASB 87 LEASE INTEREST 25,945 SCHEDULE D, PAGE 4, PART XII, LINE 4B BUILDING RENTAL & LEASES 67,791 FORM 990 - ORGANIZATION'S MISSION NORTH CAROLINA VIRTUAL ACADEMY IS A COMMUNITY OF STUDENTS, FAMILIES AND EDUCATORS DEDICATED TO EXPANDING EDUCATIONAL CHOICE THROUGH INNOVATIVE AND TECHNOLOGY RICH INSTRUCTIONAL PRACTICES, AND IS ACCOUNTABLE FOR DEVELOPING EACH STUDENT'S FULL POTENTIAL FOR ACADEMIC AND POST-SECONDARY SUCCESS. FORM 990, PAGE 6, PART VI, LINE 3 K-12 VIRTUAL SCHOOLS,LLC ADMINISTRATION & MANAGEMENT SERVICES FORM 990, PAGE 6, PART VI, LINE 11B THE FINANCE COMMITTEE REVIEWS THE 990 AND IT IS PROVIDED TO THE BOARD OF DIRECTORS FOR FINAL APPROVAL PRIOR TO SUBMISSION. FORM 990, PAGE 6, PART VI, LINE 12C POTENTIAL CONFLICTS OF INTEREST ARE REVIEWED AND RESOLVED BY THE BOARD OF DIRECTORS. BOARD MEMBERS WITH ANY POTENTIAL CONFLICT OF INTEREST ARE FORBIDDEN FROM VOTING ON SAID MATTER. THERE ARE THREE DIFFERENT POLICIES ADOPTED BY THE BOARD TO COVER CONFLICTS OF INTEREST. FORM 990, PAGE 6, PART VI, LINE 15A TOP MANAGEMENT OFFICIAL'S COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. ORGANIZATION POLICY DICTATES THAT COMPARABILITY DATA AND DELIBERATION OF DECISIONS ARE USED TO DETERMINE SALARY. FORM 990, PAGE 6, PART VI, LINE 15B ORGANIZATION POLICY DICTATES THAT COMPARABILITY DATA AND DELIBERATION OF DECISIONS ARE USED TO DETERMINE SALARIES FOR KEY EMPLOYEES. SPECIFICALLY, AS THE HIRING SEASON BEGINS, THE HEAD OF SCHOOL PROVIDES THE BOARD WITH A RATIONALE FOR THE SALARY RANGES BY COMPARING THEM TO THE STATE AVERAGE TEACHER SALARY, PLUS A COMPARISON WITH OTHER SIMILARLY SITUATED PUBLIC SCHOOLS. BOARD MEMBERS USE THAT INFORMATION TO DETERMINE SALARIES OFFERED. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS, SCHOOL POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE FOR VIEWING BY THE PUBLIC AT THE ORGANIZATION'S OFFICE UPON REQUEST. MINUTES OF BOARD MEETINGS ARE POSTED ON THE SCHOOL'S WEBSITE, IN COMPLIANCE WITH NORTH CAROLINA'S PUBLIC RECORDS ACT. FORM 990, PART IX, LINE 11G 12,516,963 255,448 0 FORM 990, PART XI, LINE 9 GASB 87 LEASE AMORTIZATION EXPENSE -110,976 GASB 87 LEASE INTEREST -25,945 BUILDING RENTAL & LEASES 67,791 TOTAL -69,130