Long Valley Charter School EIN 68-0460434 Form 990 (PDF) Claim this org

Long Valley Charter School

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Empowers rural students with essential 21st-century reading, writing, speaking, and math skills for global participation. For fiscal year 2025 it reported $7.6M in revenue, $0 in expenses, and $296K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Doyle, CA
Website
www.longvalleycs.org
Filings
6 on file (2020–2025)
Revenue
$7.6MFY2025
Expenses
$0
Net assets
$296K
People
11
Filings
6
Updates
0
More identity details & actions ⌄
EIN  68-0460434 Public charity (501(c)(3)) Doyle, CA
Form 990 (PDF)
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Size
$1–10M
What they do
Empowers rural students with essential 21st-century reading, writing, speaking, and math skills for global participation.
Leadership
Sherri Morgan · Executive Di · $137K
Money in and out
$7.6M revenue, $0 expenses
Bottom line
+100% surplus margin
Where the money goes · FY2025
Total revenue
$7.6M
Pt VIII · Ln 12
Total expenses
$0
Pt IX · Ln 25
Net assets
$296K
Pt X · Ln 32
Surplus margin
+100%
revenue over expenses, this year▲ ×22 vs prior filing year
Revenue trend
+12%
avg. annual growth over 5 years▼ -9% vs prior filing year
Donor-funded
0%
of revenue is gifts & grants▼ -100% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$7.6M
FY2025▲ +7%
Expenses
$0
FY2025▼ -100%
Total assets
$296K
FY2025▼ -97%
Total liabilities
$0
FY2025▼ -100%
Total revenue
$7.6M
Pt VIII · Ln 12
Total expenses
$0
Pt IX · Ln 25
Net assets
$296K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$7.6M
Total assetsPt X · Ln 16$296K
Program-expense ratioPt IX · col B
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

2 program services, described in the organization's own filed words · FY2024.
01

Provide public charter school education to approximatley 400 k-12 students.

Pt IX · col B
02

Provide public charter school education to approximatley 400 k-12 students.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLong Valley Charter School
EINHdr · item D68-0460434
Principal addressHdr · item CDoyle, CA
WebsiteHdr · item Jwww.longvalleycs.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B29)
Ruling yearIRS BMFJan 2003

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Di
$136,771Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Sherri Morgan’s $137K as Executive Di is at the 96th percentile of top reported officer pay among 144 <$100K 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 · 1 named individual · Part VII

NameFY2025FY2023FY2022FY2021FY2020
Sherri Morgan$136,771$108,774$114,869$110,408$112,616

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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Statement of Revenue

Part VIII
Other revenue100%$7.6M
— government grantsLn 1e$6.5M
Total revenueLn 12$7.6M

Balance Sheet

Part X · end of year
CashLn 1$2.5M
Total assetsLn 16$296K
Total liabilitiesLn 26$0
Total net assetsLn 32$296K

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.5M · Operating expenses/yr $0
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $0 · Total expenses $0
Management & General
Management & general $0 · Total expenses $0
Fundraising
Fundraising $0 · Total expenses $0
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $653K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $7.6M
0%
Government reliance
Government grants $6.5M · Total revenue $7.6M
85%
Earned-income share
Program service revenue $0 · Total revenue $7.6M
0%
Investment reliance
Investment income $0 · Total revenue $7.6M
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $0
Growth & trend
Revenue growth (YoY)
This year $7.6M · Prior year $7.1M
+7%
Revenue CAGR
FY2019 $4.4M · FY2024 $7.6M
+12%
Net-asset trend (YoY)
End of year $296K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $7.6M · Expenses $0
+100%
Liabilities-to-Assets
Total liabilities — · Total assets $296K
Net-asset ratio
Net assets $296K · Total assets $296K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $296K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Sherri Morgan · Reported title EXECUTIVE DI · Highest reported compensation $137K · Total expenses $0
Total expenses not reported — showing dollar figure only
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $5.0M · Total expenses $0
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth 7%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$93

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$7.6M revenue · viewing · ⤓ 990 PDF
FY2024$7.1M revenue · ⤓ 990 PDF
FY2023$6.8M revenue · ⤓ 990 PDF
FY2022$5.5M revenue · ⤓ 990 PDF
FY2021$5.9M revenue · ⤓ 990 PDF
FY2020$4.4M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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