Overview
What is Virtual Learning Academy Charter School?
Virtual Learning Academy Charter School is a New Hampshire-based charter institution committed to delivering personalized education through advanced technology. The organization, with a staff of 364 employees, operates under Chapter 194B of the NH RSA, offering students flexible learning opportunities that combine rigorous academics and the benefits of distance learning. Students engage in a range of educational experiences, including projects, teams, adult education, and learning through experience. This innovative approach aims to foster 21st-century skills in students, such as self-directed learning, problem-solving, and time management. The school's mission is to provide a high-quality, technology-driven education that prepares students for the future.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58% (One-Star out of Four Stars)
Virtual Learning Academy Charter School has received a One-Star rating from Charity Navigator, indicating concerns regarding its accountability and finance practices. While the organization boasts a fully independent board, it struggles with financial transparency, as evidenced by the absence of financial statements and the missing tax form on its website.
The school demonstrates some strengths, particularly in its program expense ratio, which is quite high at 93.65%. This suggests that a significant portion of its expenditures is directed toward programs rather than administrative costs. The organization also has effective policies in place for conflict of interest and has shown no material diversion of assets, contributing positively to its governance structure.
However, the lack of critical documents such as a whistleblower policy, document retention policy, and financial statements raises red flags regarding its overall accountability. Additionally, the liabilities to assets ratio of 129.13% indicates potential financial instability, which could affect the organization's ability to sustain its operations effectively in the long term.
This AI summary has been generated from information found on Charity Navigator.
Is Virtual Learning Academy Charter School legitimate?
Virtual Learning Academy Charter School is a legitimate nonprofit organization registered as a 501(c)(3) entity. Virtual Learning Academy Charter School submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $138,916
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,739,470
For more financial information, click here
What is the mission statement of Virtual Learning Academy Charter School?
Virtual Learning Academy Charter School aims to operate a New Hampshire public charter school in accordance with state regulations and provide educational opportunities utilizing new and distance learning technologies. The school offers students a personalized education experience by combining rigorous academic study with the flexibility of any time and any place learning. This approach caters to a diverse range of students and fosters essential 21st-century skills such as self-directed learning, problem-solving, time management, and global awareness. Additionally, students have the option to learn through various methods, including projects, teams, and adult education.
Who is the CEO of Virtual Learning Academy Charter School?
Steve Kossakoski is the Chair of Virtual Learning Academy Charter School. The CEO's salary of Virtual Learning Academy Charter School is $165,737 and their total compensation is $165,737.
What is the revenue of Virtual Learning Academy Charter School?
Virtual Learning Academy Charter School's revenue in 2022 was $12,032,123.
Who are the executives of Virtual Learning Academy Charter School and what are their salaries?
The average compensation at Virtual Learning Academy Charter School during 2022 was $24,391. There are 364 employees and 7 volunteers at Virtual Learning Academy Charter School.
Here are 9 key members and their salaries (Virtual Learning Academy Charter School's CEO's salary is $165,737 and their total compensation is $165,737):
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- Compensation: $165,737
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Where can I find the form 990 for Virtual Learning Academy Charter School?
Virtual Learning Academy Charter School's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Virtual Learning Academy Charter School
Virtual Learning Academy Charter School, a New Hampshire-based educational institution, is dedicated to delivering a rigorous and personalized learning experience to students through innovative new and distance learning technologies. In alignment with Chapter 194B of the NH RSA, the school operates as a public charter school, providing access to education that is both flexible and effective.
At Virtual Learning Academy Charter School, students benefit from a wide range of opportunities designed to engage them in their studies and help them develop essential 21st-century skills. The use of technology enables students to learn at their own pace, both at home and on the go. With a strong emphasis on personalization, students can tailor their education to suit their unique needs and interests, combining rigorous academic study with the freedom that comes with distance learning.
Moreover, Virtual Learning Academy Charter School caters to a diverse student body, ensuring that each individual's educational journey is customized to their specific requirements. The school fosters the development of crucial skills, such as self-directed learning, information and communications technology literacy, problem-solving abilities, time management, and personal responsibility. By offering a variety of educational options, including experiential learning, projects, teams, and adult education opportunities, Virtual Learning Academy Charter School empowers students to become global citizens prepared for the future.
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Impact
October, 2024
Virtual Learning Academy Charter School (VLACS) has made a significant impact in the educational landscape of New Hampshire by providing innovative and accessible learning opportunities tailored to a diverse range of students. By leveraging new and emerging distance learning technologies, VLACS has created an educational environment where students can engage in rigorous personalized education anytime and anywhere. This flexibility allows students to blend academic study with their individual needs and interests, fostering a deeper learning experience.
The school addresses the diverse requirements of its student population, catering to various learning styles and preferences. By promoting 21st-century skills such as global awareness, self-directed learning, and critical problem-solving abilities, VLACS prepares students not just for graduation but for success in a rapidly changing world.
Additionally, VLACS offers a variety of educational options, including experiential learning projects and team collaborations. This multifaceted approach empowers students to take charge of their education, enhances their time management skills, and instills personal responsibility. Overall, VLACS plays a pivotal role in redefining traditional education, ensuring that all students have the tools and opportunities they need to succeed in their academic journeys and beyond.
This information is meant to be a general summary of Virtual Learning Academy Charter School. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,651
- Program Service Revenue: $162,067
- Gross Receipts: $12,032,123
Assets and Liabilities:
- Total Assets: $4,364,365
- Total Liabilities: $623,947
- Net Assets: $3,740,418
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tuition
Revenue
$162,067
Organization Details
Founding Year
2007
Phone
(603) 778-2500Principal Officer
Steve Kossakoski
Main Address
30 Linden Street, Exeter, NH, 03833
NTEE Category
Code: B29 - Education
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