Central Florida Virtual Charter School Board Inc
Nonprofit profile at a glance
- EIN
- 452920611
- IRS 990 coverage
- 2014–2024
- Forms available
- Form 990 2024, Form 990-N 2012
- Location
- Jacksonville, FL, USA
- Phone
- 9547604939
- Rating
- 90
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Charter Schools
Reported finances
- Revenue
- $8,584,545
- Expenses
- $8,584,545
- Assets
- $1,136,701
- Liabilities
- $1,136,701
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
People named in this filing
- CHRISTOPHER CALABUCCI (CHAIRMAN)
- LARRY WILLIAMS (VICE CHAIRMAN)
- NATALIE FORD (MEMBER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
It is the mission of fl cyber charter academies, fka, fl virtual academies to provide a high-quality, online public charter school, that will build a community of students, families, educators, and a governing board dedicated to providing a high quality learning environment that will be accountable for developing each students full potential by utilizing research-based technology applications, meaningful teacher/student/parent involvement, and engaging, individual learning. Our goal is to produce exemplary levels of student achievement,
What it reported doing in 2024
It is the mission of fl cyber charter academies, fka, fl virtual academies to provide a high-quality, online public charter school, that will build a community of students, families, educators, and a governing board dedicated to providing a high quality learning environment that will be accountable for developing each students full potential by utilizing research-based technology applications, meaningful teacher/student/parent involvement, and engaging, individual learning. Our goal is to produce exemplary levels of student achievement, equipping every student with the academic and nonacademic foundations needed for any post-secondary opportunity they wish to pursue.
Operating model
- Revenue model
- Earned-program. 89% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 100
- Accountability: 94
- Sustainability: 28
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 98.9%; rating input score 99
- Program expense ratio: 98.9%; rating input score 99
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 7 controls in place; rating input score 86
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 0%; rating input score 33; 33rd percentile among comparable filings
- Total-asset coverage ratio: 0.13; rating input score 4; 4th percentile among comparable filings
- Liabilities to assets ratio: 1; rating input score 5; 5th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings
Growth
- Program expense growth: 15.6% per year; rating input score 100; 79th percentile among comparable filings
- Revenue growth: 14.8% per year; rating input score 100; 81st percentile among comparable filings
- Asset growth: 8.9% per year; rating input score 100; 54th percentile among comparable filings
Details
- Where the money goes: 98.9% of revenue deployed · 98.9% of spending went to programs
- Governance: 5 of 5 board members independent · 6 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $8.5M in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Highest-paid contractors: 2 contractors listed · $5.5M reported
- Consistency: 13 of 13 current checks pass
- Schedules: 4 filed schedules
- Filing history: 11 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Operating margin scored 33/100.
- High — Sustainability: Total-asset coverage ratio scored 4/100.
- Review — Accountability: Governance controls: Whistleblower policy not reported.
- High — Sustainability: Liabilities to assets ratio scored 5/100.