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Nonprofiteer
← NEVADA CHARTER ACADEMIES

Form 990 for tax year 2024

Filed by NEVADA CHARTER ACADEMIES.

Totals

Total revenue
$27,177,439
Total expenses
$27,494,632
Contributions and grants received
$25,905,563
Grants paid
$0
Program service revenue
$834,292
Investment income
$437,584
Other revenue
$0
Total assets, end of year
$70,476,414
Total liabilities, end of year
$74,556,790
Net assets or fund balances, end of year
-$4,080,376
Program services expenses (Part IX)
$20,486,377
Management and general expenses
$7,008,255
Fundraising expenses
$0
Program service expenses (Part III)
$20,486,377

Program services were 74.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $25,713,435

  • 1f · All other contributions, gifts and grants

    $192,128

  • 2a · Program service revenue: PROGRAM SERVICE REVENUE

    total $834,292 · related or exempt $834,292

  • 3 · Investment income

    total $437,584 · excluded $437,584

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $272,815 · management and general $272,815

  • 7 · Other salaries and wages

    total $11,949,280 · program services $9,491,783 · management and general $2,457,497

  • 8 · Pension plan contributions

    total $4,208,990 · program services $3,347,862 · management and general $861,128

  • 9 · Other employee benefits

    total $990,484 · program services $839,062 · management and general $151,422

  • 10 · Payroll taxes

    total $392,668 · program services $285,462 · management and general $107,206

  • 11a · Fees: management

    total $92,854 · management and general $92,854

  • 11g · Fees: other

    total $1,383,726 · program services $463,029 · management and general $920,697

  • 12 · Advertising and promotion

    total $60,011 · program services $60,011

  • 13 · Office expenses

    total $1,178,566 · program services $55,717 · management and general $1,122,849

  • 14 · Information technology

    total $670,108 · program services $374,493 · management and general $295,615

  • 16 · Occupancy

    total $689,430 · program services $620,487 · management and general $68,943

  • 17 · Travel

    total $34,968 · program services $19,050 · management and general $15,918

  • 20 · Interest

    total $2,337,690 · program services $2,103,921 · management and general $233,769

  • 22 · Depreciation, depletion and amortization

    total $2,136,431 · program services $1,922,788 · management and general $213,643

  • 23 · Insurance

    total $190,254 · management and general $190,254

  • 24a · Other expenses: SUPPLIES

    total $528,985 · program services $525,340 · management and general $3,645

  • 24b · Other expenses: PROF EDUCATION SERVICES

    total $377,372 · program services $377,372

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,591,984 · end of year $341,911

  • 2 · Savings and temporary cash investments

    beginning of year $5,099,253 · end of year $13,464,274

  • 3 · Pledges and grants receivable

    beginning of year $2,797,242 · end of year $428,499

  • 9 · Prepaid expenses and deferred charges

    beginning of year $129,741 · end of year $285,870

  • 10a · Land, buildings and equipment: cost or other basis

    $51,798,640

  • 10b · Land, buildings and equipment: accumulated depreciation

    $7,401,455

  • 10c · Land, buildings and equipment, net

    beginning of year $43,326,718 · end of year $44,397,185

  • 14 · Intangible assets

    beginning of year $92,300 · end of year $42,826

  • 15 · Other assets

    beginning of year $10,673,269 · end of year $11,515,849

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,416,370 · end of year $2,484,935

  • 20 · Tax-exempt bond liabilities

    beginning of year $49,490,105 · end of year $48,869,766

  • 23 · Secured mortgages and notes payable

    beginning of year $116,587 · end of year $59,639

  • 25 · Other liabilities

    beginning of year $20,450,628 · end of year $23,142,450

  • 27 · Net assets without donor restrictions

    beginning of year -$8,862,436 · end of year -$9,448,973

  • 28 · Net assets with donor restrictions

    beginning of year $5,099,253 · end of year $5,368,597

Mission and programs · 2024

Mission

AMPLUS ACADEMY OPERATES AS A FREE PUBLIC CHARTER SCHOOL THAT WELCOMES AND HONORS ALL. OUR INTENT IS THAT OUR STUDENTS ACQUIRE KNOWLEDGE AND SKILLS TO BECOME ESTEEMED, DISTINGUISHED, AND PRODUCTIVE CITIZENS WHO PRESERVE THE PILLARS OF A FREE AND JUST SOCIETY.

  • AMPLUS ACADEMY OPERATES AS A FREE PUBLIC CHARTER SCHOOL THAT WELCOMES AND HONORS ALL. OUR INTENT IS THAT OUR STUDENTS ACQUIRE KNOWLEDGE AND SKILLS TO BECOME ESTEEMED, DISTINGUISHED, AND PRODUCTIVE CITIZENS WHO PRESERVE THE PILLARS OF A FREE AND JUST SOCIETY.

    Expenses $20,486,377 · Revenue $834,292

As filed on the 2024 return.

Listed in Part VII

  • Rachelle Hulet

    EXECUTIVE DIRECTOR

    Total calculated
    $272,815
    From this org
    $217,163
    From related orgs
    $0
    Other
    $55,652
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $217,163
    Bonus
    not reported
    Other
    not reported
    Deferred
    $38,003
    Nontaxable benefits
    $17,649
    Filer's total
    $272,815

  • Sarah Barlow

    PRINCIPAL

    Total calculated
    $199,123
    From this org
    $141,070
    From related orgs
    $0
    Other
    $58,053
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,070
    Bonus
    not reported
    Other
    not reported
    Deferred
    $47,258
    Nontaxable benefits
    $10,795
    Filer's total
    $199,123

  • Lisa Cates

    ELEMENTARY PRINCIPAL

    Total calculated
    $145,612
    From this org
    $105,392
    From related orgs
    $0
    Other
    $40,220
    Hours/week
    40

  • Sabrina Carrington

    SECONDARY PRINCIPAL

    Total calculated
    $143,327
    From this org
    $103,858
    From related orgs
    $0
    Other
    $39,469
    Hours/week
    40

  • Nikolos Hulet

    DIRECTOR OF STUDENT SUPPORT

    Total calculated
    $138,994
    From this org
    $114,003
    From related orgs
    $0
    Other
    $24,991
    Hours/week
    40

  • Ernie Elliott

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Candy Farthing

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ruby Farthing

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Steve Torrance

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Melissa St Jean

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Derrick Price

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Nav Singh

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • CHARTER SCHOOL SUPPORT FOUNDATION

    HOLDS TITLE TO SCHOOLS FACILITIES · UT

Provenance

Return type
form_990
Tax year
2024
Filed
3 March 2026
IRS schema version
2024v5.2
Source object
202600629349301805

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