PENNSYLVANIA VIRTUAL CHARTER SCHOOL

EIN: 233075231 501(c)(3) Education

KING OF PRUSSIA, PA

Total Revenue
$63,422,840
Total Expenses
$51,102,483
Total Assets
$50,733,158
Net Assets
$41,945,565
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
PA
Principal Officer
DR DEBRA HEATH-THORNTON
Phone
6102758500
Tax Period
2023-07-01 to 2024-06-30

PENNSYLVANIA VIRTUAL CHARTER SCHOOL, founded in 2001, is a mid-sized nonprofit in the Education sector that reported $63.4M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $12.3M, a strong 19% operating margin.

Mission

TO PROVIDE PENNSYLVANIA PUBLIC K-12 STUDENTS ASUPERIOR CYBER CHARTER OPTION, CONTINUOUSLYIMPROVING BY USING INNOVATIVE TECHNOLOGIES,WELL-ROUNDED CURRICULA, AND INDIVIDUALIZEDEDUCATIONAL DELIVERY IN SAFE LEARNINGENVIRONMENTS. PA VIRTUAL SEEKS TO EQUIP OURSTUDENTS WITH EXCELLENT ACADEMIC EDUCATION,SOCIAL SKILLS, AND CHARACTER DEVELOPMENT FORTHEIR LIVES AS PRODUCTIVE 21ST-CENTURY CITIZENS.

Program Service Accomplishments

Program 1
Expenses: $24,885,543

DURING THE 2023-2024 SCHOOL YEAR, THE ORGANIZATION'S SEVENTEENTH YEAR OF INDEPENDENT OPERATION, PAVCS BILLED FOR 3,738 STUDENTS IN KINDERGARTEN THROUGH 12TH GRADES. THESE STUDENTS EMANATE FROM...

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DURING THE 2023-2024 SCHOOL YEAR, THE ORGANIZATION'S SEVENTEENTH YEAR OF INDEPENDENT OPERATION, PAVCS BILLED FOR 3,738 STUDENTS IN KINDERGARTEN THROUGH 12TH GRADES. THESE STUDENTS EMANATE FROM DIVERSE ETHNIC, RACIAL, AND SOCIO-ECONOMIC BACKGROUNDS FROM ACROSS PENNSYLVANIA. THIS SCHOOL YEAR, PAVCS HAD STUDENTS ENROLLED FROM 412 OF THE 500 SCHOOL DISTRICTS IN THE COMMONWEALTH.

Program 2
Expenses: $1,533,034

FEDERAL TITLE PROGRAMS (TITLE I, II, IV). TITLE I IS AUTHORIZED BY THE NO CHILD LEFT BEHIND ACT OF 2001, WHICH IS THE LARGEST FEDERALLY FUNDED EDUCATIONAL PROGRAM. THE PURPOSE OF THIS TITLE IS TO...

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FEDERAL TITLE PROGRAMS (TITLE I, II, IV). TITLE I IS AUTHORIZED BY THE NO CHILD LEFT BEHIND ACT OF 2001, WHICH IS THE LARGEST FEDERALLY FUNDED EDUCATIONAL PROGRAM. THE PURPOSE OF THIS TITLE IS TO ENSURE THAT ALL CHILDREN HAVE A FAIR, EQUAL, AND SIGNIFICANT OPPORTUNITY TO OBTAIN A HIGH-QUALITY EDUCATION AND REACH, AT A MINIMUM, PROFICIENCY ON CHALLENGING STATE ACADEMIC ACHIEVEMENT STANDARDS AND STATE ACADEMIC ASSESSMENTS. THIS PROGRAM AUTHORIZED BY CONGRESS, PROVIDES SUPPLEMENTAL FUNDS TO SCHOOL DISTRICTS AND DESIGNED TO ASSIST STUDENTS IN MEETING STATE CONTENT AND PERFORMANCE STANDARDS IN READING, LANGUAGE ARTS, AND MATHEMATICS (BASIC PROGRAMS). TITLE II PROVIDES FUNDING FOR PROFESSIONAL DEVELOPMENT TO SUPPORT ACHIEVEMENT AND MAINTAIN A HIGHLY QUALIFIED TEACHING STAFF. TITLE IV'S PURPOSE IS TO SUPPORT PROGRAMS THAT PREVENT VIOLENCE IN AND AROUND SCHOOLS; THAT PREVENT THE ILLEGAL USE OF ALCOHOL, TOBACCO, AND DRUGS; THAT INVOLVE PARENTS AND COMMUNITIES; AND THAT ARE COORDINATED WITH RELATED FEDERAL, STATE, SCHOOL, AND COMMUNITY EFFORTS AND RESOURCES TO FOSTER A SAFE AND DRUG-FREE LEARNING ENVIRONMENT THAT SUPPORTS STUDENT ACADEMIC ACHIEVEMENT

Program 3
Expenses: $711,792

IDEA - THE AMENDMENTS TO THE INDIVIDUALS WITH DISABILITIES EDUCATION IMPROVEMENT ACT (IDEIA) OF 2004 AND PENNSYLVANIA REGULATIONS MANDATE THAT EVERY CHARTER SCHOOL IN THE STATE DEVELOP A SYSTEM TO...

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IDEA - THE AMENDMENTS TO THE INDIVIDUALS WITH DISABILITIES EDUCATION IMPROVEMENT ACT (IDEIA) OF 2004 AND PENNSYLVANIA REGULATIONS MANDATE THAT EVERY CHARTER SCHOOL IN THE STATE DEVELOP A SYSTEM TO IDENTIFY CHILDREN WITH DISABILITIES WHO ARE ENROLLED IN THE SCHOOL. PAVCS WILL LOCATE, IDENTIFY, AND EVALUATE CHILDREN WHO ENROLL IN PAVCS IN ACCORDANCE WITH ALL FEDERAL REGULATIONS AND STATE STANDARDS. IN ADDITION PAVCS SHALL PROVIDE AN ELIGIBLE CHILD AND HIS/HER PARENT/GUARDIAN WITH SAFEGUARDS, AS REQUIRED BY APPLICABLE LAW. PAVCS INCURRED EXPENSES FOR PHYSICAL SUPPORT SERVICES, PSYCHOLOGICAL TESTING, AND SPEECH SUPPORT SERVICES WHILE CARRYING OUT ITS PROGRAM FOR STUDENTS WITH DISABILITIES.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $62,215,181
Program Service Revenue $0
Investment Income $699,768
Other Revenue $507,891
TOTAL REVENUE $63,422,840

Expense Breakdown

Grants Paid $0
Salaries & Benefits $34,801,051
Fundraising Expenses $0
Program Expenses $31,589,619
Other Expenses $16,301,432
TOTAL EXPENSES $51,102,483

Year-over-Year Comparison

2023 2022 Change
Revenue $63,422,840 $56,437,458 +0.1%
Expenses $51,102,483 $52,758,439 0.0%
Net Income $12,320,357 $3,679,019 +2.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
6
Independent Members
6
Employees
334
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
6
$0
Key Employees
1
$196,900
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BONNIE M SCHAEFER PRESIDENT 1.00
Officer Director
$0 $0 $0
BRENDA SACHLEBEN VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
SOPHIA LEWIS SECRETARY 0.50
Officer Director
$0 $0 $0
VICTOR VALENTINE TREASURER 0.50
Officer Director
$0 $0 $0
CARL SCHWARTZ BOARD MEMBER 0.50
Director
$0 $0 $0
STEPHANIE HAMEL BOARD MEMBER 0.50
Director
$0 $0 $0
DR DEBRA HEATH-THORNTON CHIEF EXECUTIVE OFFICER 40.00
Key Emp
$190,723 $6,177 $196,900
MELISSA PARIS CHIEF FINANCIAL OFFICER 40.00
Highest
$105,000 $2,500 $107,500
SHERRI TATE CHIEF HR & MARKETING OFFIC 40.00
Highest
$189,944 $6,364 $196,308
STEVEN SCHUTT PRINCIPAL, ELEMENTARY 40.00
Highest
$132,008 $4,991 $136,999
SHAIKHA BUALI CHIEF ACADEMIC OFFICER 40.00
Highest
$141,087 $5,310 $146,397
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $63,422,840 $51,102,483 $50,733,158 $12,320,357
2023 $56,437,458 $52,758,439 $39,631,620 $3,679,019
2022 $56,299,619 $49,814,584 $30,548,587 $6,485,035
2021 $49,068,085 $41,080,451 $24,898,829 $7,987,634
2020 $33,358,734 $34,260,343 $20,663,827 $-901,609
2019 $31,706,702 $32,772,684 $17,193,971 $-1,065,982
2018 $31,080,925 $31,868,911 $18,165,889 $-787,986
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