2024-08-07T16:39:14-04:00 2023-06-30 522212837 GREENE FINNEY CAULEY LLP 908 N MAIN ST ANDERSON SC 29621 990 2022-07-01 261966189 SOUTH CAROLINA VIRTUAL CHARTER SCHOOL SOUT 8032536222 2023 PLATT SPRINGS ROAD WEST COLUMBIA SC 29169 ANITA LATHAM HEAD OF SCHOOL 8037260170 2024-08-05 true false CHRISTOPHER S CAULEY P00534004 8642258713 2024-08-05 2022 2024-08-08 14:25:15Z ANITA LATHAM 2023 PLATT SPRINGS ROAD WEST COLUMBIA SC 29169 30772423 false X WWW.SCVCS.ORG X 2007 SC SOUTH CAROLINA VIRTUAL CHARTER SCHOOL EXISTS TO OFFER SC STUDENTS IN GRADES K-12 AN EXCEPTIONAL LEARNING EXPERIENCE WITH INDIVIDUALIZED LEARNING PLANS TO PROVIDE STUDENTS THE TOOLS NEEDED TO SUCCEED IN SCHOOL AND BEYOND. 7 7 206 0 37150843 30141347 59332 105446 25427 525630 0 37235602 30772423 0 0 13772884 17928679 0 0 20175477 5143671 33948361 23072350 3287241 7700073 26912937 32536227 43418380 42786284 -16505443 -10250057 OUR MISSION IS TO IMPROVE STUDENT EDUCATIONAL ACHIEVEMENT THROUGH THE PROVISION OF AN INDIVIDUALIZED, RIGOROUS, STANDARDS-BASED VIRTUAL EDUCATION TO STUDENTS IN THE STATE OF SC. false false 19613134 105446 THE SOUTH CAROLINA VIRTUAL CHARTER SCHOOL IS A STATEWIDE PUBLIC CHARTER SCHOOL SERVING STUDENTS IN GRADES KINDERGARTEN THROUGH 12TH GRADE. THE SCHOOL HAS THE SAME RESPONSIBILITIES AND OBLIGATIONS AS ANY OTHER CHARTER SCHOOLS IN THE STATE INCLUDING PROVIDING STATE-APPROVED STANDARDS-BASED CURRICULUM, MONITORING ATTENDANCE AND TRUANCY, AND ADMINISTERING REQUIRED STANDARDIZED TESTING. HOWEVER, ANY STUDENT RESIDING IN THE STATE MAY ATTEND THE SCHOOL, AND THESE STUDENTS ATTEND SCHOOL REMOTELY. DURING FY23, AVERAGE ENROLLMENT WAS 3,076 STUDENTS. 19613134 true false false true false false false false false false true false false true true false false true true false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 29 0 true 206 true false false false false false false false false false false false false X 7 7 false false false false false false false true false false false false true false false false false true true false SC X TORI SMITH 8032536222 2023 PLATT SPRINGS ROAD WEST COLUMBIA SC 29169 DR CHERRY DANIEL HEAD OF SCHO 37.50 1.00 X 182770 0 47714 ANITA LATHAM DEP. HEAD OF 37.50 X 147073 0 41644 TORI SMITH FINANCE DIRE 37.50 X 113102 0 30320 COURTNEY SUBER CHAIR 0.50 X X 1829 0 0 VICKIE WISEMAN VICE CHAIR 0.50 X X 350 0 0 TIL MORISEY TREASURER/SE 0.50 X X 955 0 0 SUSAN GASTON DIRECTOR 0.50 X 1200 0 0 JACQUELINE KENNEDY DIRECTOR 0.50 X 800 0 0 DIANNE OLIVER DIRECTOR 0.50 X 600 0 0 JANET THOMPSON DIRECTOR 0.50 X X 850 0 0 449529 119678 3 false true false CANTEY TECHNOLOGY CONSULTING LLC 2702 AZALEA DRIVE NORTH CHARLESTON SC 29405 IT SUPPORT 1037032 1 30141347 30141347 STUDENT ACTIVITIES AND FEES 611600 95046 95046 SUMMER SCHOOL TUITION 611600 10400 10400 105446 525630 525630 30772423 105446 525630 385928 385928 12451686 10974996 1476690 2593561 2303042 290519 1551525 1428980 122545 945979 807271 138708 599327 599327 17897 831 17066 40150 40150 48297 33632 14665 331566 331566 38642 12054 26588 1952965 1894201 58764 273311 273311 323872 225383 98489 29935 29935 483455 483455 139196 139196 COMMUNICATIONS 285631 259357 26274 RENTAL 199279 180962 18317 STUDENT SERVICES 198559 198559 MATERIALS AND SUPPLIES 192634 192634 -11045 -17035 5990 23072350 19613134 3459216 0 X 452044 147251 4961301 8977718 205968 32188 293246 26408 26408 1133 7239392 11597952 899850 13759853 10881268 26912937 32536227 3307632 1922587 277376 205500 39833372 40658197 43418380 42786284 X -16505443 -10250057 -16505443 -10250057 26912937 32536227 X 7700073 -1444687 X false true X false true true X 24252311 24252311 1000000 250000 7642 5108 1000000 1000000 2012750 3019125 1911 1277 250000 250000 503188 754782 26408 26408 DEFERRED POSTEMPLOYMENT CHARGES 6517198 DEFERRED PENSION CHARGES 4239045 DUE FROM OTHER GOV'T 125025 10881268 NET PENSION LIABILITY 18782567 NET POSTEMPLOYMENT LIABILITY 14895435 DEFERRED POSTEMPLOYMENT CREDITS 6257381 SUBSCRIPTION LIABILITY 572629 DEFERRED PENSION CREDITS 150185 40658197 true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 THE POLICY IS DISPLAYED ON THE SC VIRTUAL CHARTER SCHOOL WEBSITE. SCHEDULE E, LINE 6 THE SCHOOL RECEIVES FUNDING FROM FEDERAL AND STATE SOURCES. X false false false false false false false false false DR CHERRY DANIEL HEAD OF SCHOOL 164995 17775 37946 9768 230484 ANITA LATHAM DEP. HEAD OF SCHOOL 133213 13860 31352 10292 188717 FORM 990, PAGE 6, PART VI, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PAGE 6, PART VI, LINE 11B THE REVIEW OF THE FORM 990 IS COMPLETED BY THE BUSINESS OPERATIONS MANAGER, THE SCHOOL'S FINANCE DIRECTOR, AND SCHOOL ADMINISTRATION. A COPY OF THE RETURN IS PROVIDED TO THE BOARD AFTER THE FILING DUE TO TIMING. FORM 990, PAGE 6, PART VI, LINE 15A THE SCHOOL BOARD SETS THE COMPENSATION FOR THE HEAD OF SCHOOL TAKING INTO CONSIDERATION SALARIES OF OTHER COMPARABLE POSITIONS IN SC PUBLIC SCHOOLS. FORM 990, PAGE 6, PART VI, LINE 15B THE HEAD OF SCHOOL SETS ALL OTHER OFFICER SALARIES. THE HEAD OF SCHOOL CONSIDERS THE STATE MINIMUM SALARY SCHEDULE AND OTHER DISTRICT SALARY SCHEDULES WHEN SETTING COMPENSATION. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST FROM THE SOUTH CAROLINA PUBLIC CHARTER SCHOOL DISTRICT. FORM 990, PART X THE CHARTER SCHOOL IMPLEMENTED GOVERNMENTAL ACCOUNTING STANDARDS BOARD STATEMENT NO. 96, SUBSCRIPTION-BASED INFORMATION TECHNOLOGY ARRANGEMENTS, IN THE YEAR ENDED JUNE 30, 2023. THE CHARTER SCHOOL HAS SEVERAL SOFTWARE ARRANGEMENTS THAT REQUIRE RECOGNITION UNDER GASB 96. THE CHARTER SCHOOL NOW RECOGNIZES A SUBSCRIPTION-BASED INFORMATION TECHNOLOGY ARRANGEMENTS (SBITA) LIABILITY AND AN INTANGIBLE RIGHT-TO-USE ASSET FOR THESE SOFTWARE ARRANGEMENTS, WHICH TOTALED APPROXIMATELY 1,353,000 AND 1,382,000, RESPECTIVELY, WITH AN IMPACT TO NET POSITION OF APPROXIMATELY 29,000 AS OF JULY 1, 2022. THE LIABILITY IS REDUCED AS THE CHARTER SCHOOL MAKES REQUIRED PAYMENTS TO THE SOFTWARE PROVIDERS, WHILE THE INTANGIBLE RIGHT-TO-USE ASSET IS AMORTIZED ON A STRAIGHT-LINE BASIS OVER THE VARIOUS AGREEMENT TERMS. THERE ARE NO RESIDUAL VALUE GUARANTEES IN THE ARRANGEMENT PROVISIONS. FOR THE YEAR ENDED JUNE 30, 2023, THE CHARTER SCHOOL RECOGNIZED AMORTIZATION EXPENSE OF THE INTANGIBLE RIGHT-TO-USE ASSET OF APPROXIMATELY 480,000 AND INTEREST EXPENSE RELATED TO THE SBITA LIABILITY OF APPROXIMATELY 30,000. FORM 990, PART XI, LINE 9 CHANGE IN ACCOUNTING PRINCIPLE - GASB 96 28,520 CHANGE IN PRINCIPLE - PURCHASE METHOD -293,246 CHANGE IN NET PENSION LIABILITY -527,036 CHANGE IN NET OPEB LIABILITY -652,925 TOTAL -1,444,687 SOUTH CAROLINA VIRTUAL EDUCATION FD 2023 PLATT SPRINGS ROAD WEST COLUMBIA SC 29169 833342225 FACILITIES SC 501C3 10 N/A false false false false false false false false false false false true false false false false false true false false SC VIRTUAL EDUCATION FOUNDATION K 240000 CASH