Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 2018.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
76 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
9 people listed on the 990; $217K paid to officers and key staff.
Rachelle Hulet’s $217K as Executive Director is at the 43rd percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 5 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Rachelle Hulet | $217,163 | $142,470 | $123,344 | $113,110 | $51,280 |
| Sarah Barlow | $141,070 | $114,938 | $106,022 | $103,900 | — |
| Nikolos Hulet | $114,003 | — | — | — | — |
| Lisa Cates | $105,392 | — | — | — | — |
| Sabrina Carrington | $103,858 | — | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Teaches students academic skills, knowledge, and culture for success, exposing them to great art and ideas.
Questions for Nevada Charter Academies
Your first name shows with your question. Nevada Charter Academies answers here, for everyone.
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Amplus academy operates as a free public charter school that welcomes and honors all. Our intent is that our students acquire knowledge and skills to become esteemed, distinguished, and productive citizens who preserve the pillars of a free and just society.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $5.3M | $10.0M |
| Land, buildings, equipmentLn 10c | $45.3M | $42.2M |
| Total assetsLn 16 | $56.8M | $65.7M |
| LiabilitiesLn 26 | $57.3M | $67.3M |
| Net assetsLn 32 | −$525K | −$1.6M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $165K | $165K | ||
| Other salaries and wagesLn 7 | $8.6M | $6.9M | $1.8M | |
| Pension plan contributionsLn 8 | $1.9M | $1.6M | $306K | |
| Other employee benefitsLn 9 | $690K | $587K | $103K | |
| Payroll taxesLn 10 | $271K | $225K | $45K | |
| Legal feesLn 11b | $113K | $113K | ||
| Accounting feesLn 11c | $34K | $34K | ||
| Other fees for servicesLn 11g | $342K | $342K | ||
| Office expensesLn 13 | $383K | $383K | ||
| Information technologyLn 14 | $294K | $230K | $65K | |
| OccupancyLn 16 | $639K | $79K | $560K | |
| TravelLn 17 | $40K | $40K | ||
| Conferences, conventions and meetingsLn 19 | $27K | $22K | $5K | |
| InterestLn 20 | $2.4M | $2.3M | $120K | |
| Depreciation, depletion and amortizationLn 22 | $1.6M | $1.5M | $162K | |
| InsuranceLn 23 | $143K | $143K | ||
| Other expenses (24a–d)Ln 24 | $2.6M | $1.7M | $886K | |
| Total functional expensesLn 25 | $20.3M | $15.4M | $4.9M | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $27.2M | $27.5M | −$317K | −$4.1M | 990 PDF |
| FY2024 | $26.3M | $25.9M | $375K | −$3.8M | 990 PDF |
| FY2023 | $20.3M | $22.9M | −$2.6M | −$4.1M | 990 PDF |
| FY2022 Viewing | $19.3M | $20.3M | −$1.0M | −$1.6M | 990 PDF |
| FY2021 | $18.3M | $16.6M | $1.8M | −$525K | 990 PDF |
| FY2020 | $12.6M | $13.8M | −$1.2M | −$2.3M | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $19,275,599 revenue, 12 lines filed
Part VI · Governance 7 of 7 board members independent, no flags
Part VIII · Statement of revenue $19,275,599 across 6 lines filed
Part IX · Statement of functional expenses $20,319,294 across 17 lines filed
Part X · Balance sheet $65,745,290 assets, 16 lines filed
Part XI · Reconciliation of net assets −$1,568,338 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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