Virtual Learning Academy Charter School

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To operate a New Hampshire public charter school in accordance with Chapter 194B of the NH RSA and to provide other educational opportunities using new and distance learning technologies.

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
Run by 7 volunteers and 364 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $1.1M a year · 8% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$714K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 2.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $20K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$8.8M
131% of total assets
Concern: liabilities are 131% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$14.8M
+13% vs prior year
Spent
$14.2M
To programs
94%
Net assets
−$2.1M
By yearFY2021–FY2025
Revenue
$14.8M
FY2025▲ +13%
Tap a bar for its year
Revenue by fiscal year
FY2021$15.3M
FY2022$12.0M
FY2023$12.5M
FY2024$13.1M
FY2025$14.8M
Expenses
$14.2M
FY2025▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2021$18.2M
FY2022$13.1M
FY2023$13.7M
FY2024$13.9M
FY2025$14.2M
Net assets
−$2.1M
FY2025▲ +24%
Tap a bar for its year
Net assets by fiscal year
FY2021$4.4M
FY2022$3.7M
FY2023−$2.1M
FY2024−$2.7M
FY2025−$2.1M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2009.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $13.3M Management & general 6% · $915K

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

13 people listed on the 990; $714K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Di
$173,404Pt VII · Sec A
Chief Oper.
$114,851Pt VII · Sec A
Dir of Ptnrs
$112,748Pt VII · Sec A
Director of
$105,347Pt VII · Sec A
Chief Exp. O
$105,051Pt VII · Sec A
Director of
$102,604Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A

Steve Kossakoski’s $173K as Executive Di is at the 26th 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 · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Steve Kossakoski$173,404$166,393$152,367——
Steve Koosakoski———$165,737$162,626
Natalie Berger$114,851————
Julie Reece$112,748————
Anthony Baldasaro$105,051——$111,545—
Tony Baldasaro————$106,634
William Prescott$105,347————
Carey Glines$102,604————

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

Operates a New Hampshire public charter school and offers educational opportunities via new technologies.

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Provided by the organization

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1 program · $13.3M · in their own filed words · FY2024
01

Operated a State Charter School Whereby the School

(a) used new and emerging distance learning technology to provide any time any place access to a rigorous personalized education that helped students learn today, graduate tomorrow and prepare for the future: (b) provided all students with the opportunity to personalize their education by combining rigourous academic study with the…

$13.3Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$20K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$14.8M
Ln 12
Gifts and grantsLn 1h$14.3M
Fees for servicesLn 2g$397K
Investment incomeLn 3$89K
Money outPt IX
$14.2M
Ln 25
Programscol B$13.3M
Managementcol C$915K
Owns and owesPt X
−$2.1M
net assets · Ln 32
Cash and savingsLn 1–2$2.7M
Total assetsLn 16$6.7M
LiabilitiesLn 26$8.8M
PeoplePt VI, VII
13
listed · VII A
PaidVII A6
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$14.3M
Government grantsLn 1e$14.3M
Fees for servicesLn 2g$397K
Investment incomeLn 3$89K
Total revenueLn 12$14.8M
Assets in detailPt X, end of year
CashLn 1$2.2M
SavingsLn 2$510K
Cash and savings togetherLn 1–2$2.7M
Land, buildings, equipmentLn 10c$908K
Other assetsLn 15$1.2M
Total assetsLn 16$6.7M
LiabilitiesLn 26$8.8M
Net assetsLn 32−$2.1M
OperationsPt I, VI
EmployeesI 5364
VolunteersI 67
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$2.6M$2.7M
Land, buildings, equipmentLn 10c$1.0M$908K
Total assetsLn 16$6.0M$6.7M
LiabilitiesLn 26$8.8M$8.8M
Net assetsLn 32−$2.7M−$2.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$173K$87K$87K
Other salaries and wagesLn 7$9.1M$8.7M$438K
Pension plan contributionsLn 8$1.1M$1.0M$28K
Other employee benefitsLn 9$531K$502K$30K
Payroll taxesLn 10$710K$669K$40K
Legal feesLn 11b$22K$22K
Accounting feesLn 11c$17K$17K
Other fees for servicesLn 11g$743K$699K$45K
Advertising and promotionLn 12$243K$228K$15K
Office expensesLn 13$45K$45K
Information technologyLn 14$583K$548K$35K
OccupancyLn 16$80K$16K$64K
TravelLn 17$46K$43K$3K
Depreciation, depletion and amortizationLn 22$113K$106K$7K
InsuranceLn 23$30K$28K$2K
Other expenses (24a–d)Ln 24$628K$591K$38K
Total functional expensesLn 25$14.2M$13.3M$915K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $14.8M$14.2M$659K−$2.1M 990 PDF
FY2024 $13.1M$13.9M−$734K−$2.7M 990 PDF
FY2023 $12.5M$13.7M−$1.2M−$2.1M 990 PDF
FY2022 $12.0M$13.1M−$1.1M$3.7M 990 PDF
FY2021 $15.3M$18.2M−$2.9M$4.4M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $14,832,848 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $12,841,499$14,346,619
I-9 Program service revenuePrior year $170,016$397,094
I-10 Investment incomePrior year $114,391$89,135
I-11 Other revenue$0
I-12 Total revenuePrior year $13,125,906$14,832,848
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $11,395,910$11,622,799
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $2,464,031$2,551,001
I-18 Total expensesPrior year $13,859,941$14,173,800
I-19 Revenue less expensesPrior year −$734,035$659,048
Part VI · Governance 7 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $14,832,848 across 6 lines filed
VIII-1e Government grants$14,339,004
VIII-1f All other contributions, gifts and grants$7,615
VIII-1h Total contributions, gifts and grants$14,346,619
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $397,094$397,094
VIII-3 Investment incomeExcluded from tax $89,135$89,135
VIII-12 Total revenueRelated to mission $397,094 · Excluded from tax $89,135$14,832,848
Part IX · Statement of functional expenses $14,173,800 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $86,702 · Management $86,702$173,404
IX-7 Other salaries and wagesPrograms $8,706,194 · Management $438,233$9,144,427
IX-8 Pension plan contributionsPrograms $1,035,835 · Management $28,149$1,063,984
IX-9 Other employee benefitsPrograms $501,532 · Management $29,941$531,473
IX-10 Payroll taxesPrograms $669,353 · Management $40,158$709,511
IX-11b Legal feesManagement $22,415$22,415
IX-11c Accounting feesManagement $17,000$17,000
IX-11g Other fees for servicesPrograms $698,772 · Management $44,603$743,375
IX-12 Advertising and promotionPrograms $228,254 · Management $14,569$242,823
IX-13 Office expensesManagement $45,063$45,063
IX-14 Information technologyPrograms $547,958 · Management $34,976$582,934
IX-16 OccupancyPrograms $15,978 · Management $63,914$79,892
IX-17 TravelPrograms $43,328 · Management $2,766$46,094
IX-22 Depreciation, depletion and amortizationPrograms $106,466 · Management $6,796$113,262
IX-23 InsurancePrograms $27,933 · Management $1,783$29,716
IX-24 Other expenses (24a–d)Programs $590,722 · Management $37,705$628,427
IX-25 Total functional expensesPrograms $13,259,027 · Management $914,773 · Fundraising $0$14,173,800
Part X · Balance sheet $6,744,962 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $2,591,001$2,157,618
X-2 Savings and temporary cash investmentsStart of year $823$509,509
X-3 Pledges and grants receivableStart of year $197,729$1,704,726
X-4 Accounts receivable$600
X-9 Prepaid expenses and deferred chargesStart of year $206,555$227,464
X-10c Land, buildings and equipment, netStart of year $1,021,375$908,113
X-15 Other assetsStart of year $1,996,470$1,236,932
X-16 Total assetsStart of year $6,013,953$6,744,962
X-17 Accounts payable and accrued expensesStart of year $692,263$1,340,420
X-25 Other liabilitiesStart of year $8,059,184$7,482,988
X-26 Total liabilitiesStart of year $8,751,447$8,823,408
X-27 Net assets without donor restrictionsStart of year −$2,737,494−$2,078,446
X-32 Total net assets or fund balancesStart of year −$2,737,494−$2,078,446
X-33 Total liabilities and net assetsStart of year $6,013,953$6,744,962
Part XI · Reconciliation of net assets −$2,078,446 net assets at year end
XI-1 Total revenue$14,832,848
XI-2 Total expenses$14,173,800
XI-3 Revenue less expenses$659,048
XI-4 Net assets at start of year−$2,737,494
XI-10 Net assets at end of year−$2,078,446

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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