A State-Approved California Public School
Ross Valley Charter was incorporated under California Law in 2014 as a Nonprofit Public Benefit Corporation and has 501c3 status with the IRS as a charitable and educational institution.
RVC is authorized by the California State Board of Education and its oversight agency is the Charter Schools Division of the California Department of Education. RVC’s board meetings are held in public, and agendas and supplementary materials, including historical financial reports, can be found at the Board Meeting link below.
In the interest of complete transparency, our 3-year line item budget can be found here and the accompanying narrative here. After three years, the budget, has an ending reserve of $485,330. The budget and narrative make clear that RVC has no affiliation or ongoing contracts with any charter management entities or any private companies or individuals, other than its legal counsel Young, Minney & Corr, and service providers for items such as software, accounting services, special education, and communications. For more information see the Finances section in this page.
Ross Valley Charter is a nonprofit organization with 501c3 status. It is authorized by the California State Board of Education. This authorization must be reviewed and renewed every five years.
The school opened in August of 2017 with 124 students and has grown steadily to 170 students in March of 2019 in its second year.
Three year budgets, budget narratives, and two year cash flow projections are approved at the last regular board meeting in June every year. Revisions to these budgets are made twice a year, first at the December regular meeting and again at the March regular board meeting. Financial statements and balance sheet for the periods ending in October and January are also published at the December and March meetings, respectively. Unaudited financial income and balance sheet statements for the previous school year (ending June 30) are approved at the September regular board meeting each year. All of these can be found at the board meeting web site. https://sites.google.com/a/rossvalleycharter.org/rvc-board-docs/home
Since beginning operations in the fall of 2017, RVC has been funded primarily by per pupil revenue from the CDE under the state’s Local Control Funding Formula and Special Education funding through the El Dorado County Charter SELPA.