Totals
- Total revenue
- $37,932,459
- Total expenses
- $38,455,881
- Contributions and grants received
- $37,907,143
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $25,316
- Total assets, end of year
- $4,168,028
- Total liabilities, end of year
- $2,870,213
- Net assets or fund balances, end of year
- $1,297,815
- Program services expenses (Part IX)
- $27,479,413
- Management and general expenses
- $10,976,468
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $27,479,413
Program services were 71.5% 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)
$37,907,143
-
11a · Other revenue: MISC REVENUE
total $25,316 · related or exempt $25,316
-
11e · Other revenue, total
$25,316
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $8,599,856 · program services $8,462,742 · management and general $137,114
-
8 · Pension plan contributions
total $1,288,764 · program services $1,255,779 · management and general $32,985
-
9 · Other employee benefits
total $504,809 · program services $501,471 · management and general $3,338
-
10 · Payroll taxes
total $616,268 · program services $606,645 · management and general $9,623
-
11a · Fees: management
total $3,532,362 · management and general $3,532,362
-
11b · Fees: legal
total $5,523 · management and general $5,523
-
11c · Fees: accounting
total $23,000 · management and general $23,000
-
11g · Fees: other
total $1,377,945 · program services $1,375,637 · management and general $2,308
-
13 · Office expenses
total $289,793 · program services $65,474 · management and general $224,319
-
14 · Information technology
total $1,867,878 · program services $302,765 · management and general $1,565,113
-
16 · Occupancy
total $101,439 · program services $11,455 · management and general $89,984
-
17 · Travel
total $133,117 · program services $127,420 · management and general $5,697
-
23 · Insurance
total $111,743 · management and general $111,743
-
24a · Other expenses: TEXTBOOKS
total $11,497,372 · program services $11,497,372
-
24b · Other expenses: FACILITIES ACQUISITION
total $5,213,900 · management and general $5,213,900
-
24c · Other expenses: EQUIPMENT RENTAL AND MA
total $2,108,788 · program services $2,089,329 · management and general $19,459
-
24d · Other expenses: PROFESSIONAL DEVELOPMEN
total $520,633 · program services $520,633
-
24e · All other expenses
total $662,691 · program services $662,691
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,715,323 · end of year $3,413,312
-
4 · Accounts receivable
beginning of year $637,018 · end of year $754,716
-
17 · Accounts payable and accrued expenses
beginning of year $3,531,104 · end of year $2,870,213
-
27 · Net assets without donor restrictions
beginning of year $776,661 · end of year $776,661
-
28 · Net assets with donor restrictions
beginning of year $1,044,576 · end of year $521,154
Mission and programs · 2022
Mission
SEE SCHEDULE OARKANSAS VIRTUAL ACADEMY WILL SUPPORT, GUIDE, AND ASSIST FAMILIES AND COLLEAGUES IN A POSITIVE WAY THROUGH TEAMWORK TO PROMOTE ACADEMIC GROWTH THAT LEADS TO HIGH ACHIEVEMENT FOR THE ENTIRE ARKANSAS VIRTUAL ACADEMY COMMUNITY. WE WILL DO THIS BY KEEPING SIGHT OF OUR VISION AND EMBRACING CHANGE THROUGH TEAMWORK AND GOOD COMMUNICATION TO ENSURE FAMILY COMMITMENT TO ACCOMPLISH OUR PURPOSE.
Activities or mission (Part I)
TO SUPPORT, GUIDE, AND ASSIST FAMILIES AND COLLEAGUES IN A POSITIVE WAY THROUGH TEAMWORK TO PROMOTE ACADEMIC GROWTH THAT LEADS TO HIGH ACHIEVEMENT FOR THE ENTIRE ARKANSAS VIRTUAL ACADEMY COMMUNITY.
-
OPERATED AN ONLINE CHARTER SCHOOL FOR GRADES K-12. DURING THE YEAR CHILDREN WERE EDUCATED IN LANGUAGE, MATH, SCIENCE, HISTORY, MUSIC, AND OTHER GRADE LEVEL APPROPRIATE COURSES.
Expenses $27,479,413
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Gary McHenryGARY MCHENRY
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Jess Askew IIIJESS ASKEW III
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Paige GormanPAIGE GORMAN
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Dana KellyDANA KELLY
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Joel EdelJOEL EDEL
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Rodney NagelRODNEY NAGEL
MEMBER
- Total calculated
- $0
- Hours/week
- 2
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 26 March 2024
- IRS schema version
- 2022v5.0
- Source object
- 202400889349301345
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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