2026-05-13T15:25:06-05:00 2025-06-30 844233121 SHARPE PATEL CPA 5510 SIX FORKS ROAD SUITE 140 RALEIGH NC 27609 990 2024-07-01 474549510 NORTH CAROLINA LEARNS INC NORT 9193460121 4220 NC HWY 55 STE 130 DURHAM NC 27713 SARA STRUHS EXECUTIVE DIRECTOR 9193460121 2026-05-13 1 1 REBECCA FISHER P01690017 7044993893 2026-05-07 2024 2025-03-06 01:10:19Z NC VIRTUAL ACADEMY SARA STRUHS 4220 NC HWY 55 STE 130 DURHAM NC 27713 38147825 0 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, TECHNOLOGY-RICH INSTRUCTIONAL PRACTICES. THE ACADEMY IS COMMITTED TO DEVELOPING EACH STUDENT'S FULL POTENTIAL FOR ACADEMIC AND POST-SECONDARY SUCCESS. 6 6 229 6 0 0 31326597 37685271 1250 0 121391 193841 114655 268713 31563893 38147825 0 0 0 0 11355047 14675025 0 0 0 15454724 19298748 26809771 33973773 4754122 4174052 13318031 17847684 967689 1324970 12350342 16522714 X NORTH CAROLINA VIRTUAL ACADEMY IS A COMMUNITY OF STUDENTS, FAMILIES, AND EDUCATORS DEDICATED TO EXPANDING EDUCATIONAL CHOICE THROUGH INNOVATIVE, TECHNOLOGY-RICH INSTRUCTIONAL PRACTICES. THE ACADEMY IS COMMITTED TO DEVELOPING EACH STUDENT'S FULL POTENTIAL FOR ACADEMIC AND POST-SECONDARY SUCCESS. 0 0 31130591 268713 PROVIDED EDUCATION TO APPROXIMATELY 3,618 STUDENTS IN A VIRTUAL SETTING FOR THE FISCAL YEAR ENDED JUNE 30, 2025. 31130591 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 32 0 229 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X K-12 VIRTUAL SCHOOLS LLC 5713537793 11720 PLAZA AMERICA DR 9TH FLOOR RESTON VA 20190 WALTER MARTIN CHAIR 3.00 X X 0 0 0 CHRIS FARRELL VICE CHAIR 3.00 X X 0 0 0 DR STEVE MOODY TREASURER 3.00 X X 0 0 0 NATALIE WRIGHT SECRETARY 3.00 X X 0 0 0 MARK FLEMING BOARD MEMBER 3.00 X 0 0 0 MARCIA SIMMONS BOARD MEMBER 3.00 X 0 0 0 SARA STRUHS EXECUTIVE DIRECTOR 40.00 X 130729 0 0 130729 0 0 1 0 0 0 0 37685271 37685271 193841 193841 SALES TAX REFUND 900099 268144 268144 MISCELLANEOUS REVENUE 900099 569 569 268713 38147825 268713 0 193841 X 130729 119789 10940 11495804 10533748 962056 226634 207668 18966 1925735 1764575 161160 896123 821129 74994 23500 21533 1967 23437 21476 1961 17328827 15878620 1450207 2860 2621 239 116023 106313 9710 300194 275071 25123 4036 3698 338 85043 77926 7117 223497 204793 18704 20265 18569 1696 220176 201750 18426 120436 110357 10079 ADMIN 281507 257948 23559 SALES & USE TAX 274264 251312 22952 NON-CAP EQUIPMENT 158245 145002 13243 TEXTBOOKS & SUPPLIES 57873 53030 4843 58565 53663 4902 33973773 31130591 2843182 0 7361618 12376978 4124445 476694 97352 199840 121517 553844 117044 546000 436800 4316579 609434 498458 13318031 17847684 302383 765519 665306 559451 967689 1324970 X 12350342 16522714 12350342 16522714 13318031 17847684 4174052 -1680 0 X 0 1 X 1 1 1 X 23817988 27496668 25904155 31326597 37685271 146230679 23817988 27496668 25904155 31326597 37685271 146230679 146230679 6450 121391 193841 321682 528650 114655 268713 912018 147464379 149287 0.99160 0.99400 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 553844 117044 436800 436800 LEASE LIABILITY 559451 559451 38146145 -1680 -1680 38147825 0 38147825 33973773 0 33973773 0 33973773 FORM 990, PART VI, SECTION A, LINE 3 K-12 VIRTUAL SCHOOLS, LLC ADMINISTRATION & MANAGEMENT SERVICES FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE REVIEWS FORM 990, WHICH IS THEN PROVIDED TO THE BOARD OF DIRECTORS FOR FINAL APPROVAL BEFORE SUBMISSION. FORM 990, PART VI, SECTION B, 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 THE MATTER. THE BOARD HAS ADOPTED THREE DIFFERENT POLICIES TO ADDRESS CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 TOP MANAGEMENT OFFICIALS' COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. ORGANIZATION POLICY DICTATES THAT COMPARABILITY DATA AND DELIBERATION OF DECISIONS ARE USED TO DETERMINE SALARIES. 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 AND OTHER SIMILARLY SITUATED PUBLIC SCHOOLS. BOARD MEMBERS USE THAT INFORMATION TO DETERMINE THE SALARIES OFFERED. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, SCHOOL POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC VIEWING 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 OTHER CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 1,532,734. MANAGEMENT AND GENERAL EXPENSES 139,986. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,672,720. STRIDE SERVICES: PROGRAM SERVICE EXPENSES 12,499,091. MANAGEMENT AND GENERAL EXPENSES 1,141,552. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 13,640,643. STRIDE CHARGEBACKS: PROGRAM SERVICE EXPENSES 1,846,795. MANAGEMENT AND GENERAL EXPENSES 168,669. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,015,464.