[{"_1":2,"_124":-5,"_125":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,76,88,100,112],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},"mediaId",6534024,"mediaKeyId","3640462-4b9ada45b4554d740eea9b9aa36728e6","parentId",3640462,"title","Do and B Arts Academy approved to open K–8 with conditions including June deadlines for enrollment, lease and budget","audioSeconds",2605,"startMs",2770000,"endMs",5375000,"viewUrl","/Search/View?dp=1&key=3640462-4b9ada45b4554d740eea9b9aa36728e6&start=2770&end=5375","thumbnailUrl","https://assets.pipeline.soar.com/3640462-4b9ada45b4554d740eea9b9aa36728e6/thumbnail_2770000.jpg","articleUrl","/articles/6534024/Nevada/Do-and-B-Arts-Academy-approved-to-open-K8-with-conditions-including-June-deadlines-for-enrollment-lease-and-budget","mediaUrl","https://secure.pipeline.soar.com/6534024-7a5ab47061fb45af0ef9b6735d2a3055/orig.mp4?Expires=1770515814&Signature=c72hgkC~D8-rsg58nC-5VUAo2MsbL9aPJqH1yTD1EnWtHKt0Bi7vCvCGxp-OC5kR5FQIgCY~-Kgb9Nz9AAffDRj8X73rm2HEfIso~7~SQw4eH-qg2u3YJU51Gn79t0twEPjHfu0w2uM6kWg7Hm1XWeBt-Ugiik~2JO6vJqJ-EKPGXbQvp6iQsskBAIohsEcprrSKpPxJiWW57xzAWDDpPUI2-dEUIJykZSvnv2dFGBwztNwQzc3BBmuWuq4zyaftaf8MbN-~ovtrpvfH5OJYNIXM5hlMRayVC0HLUsWgKdvUvVE4jW0V0A4xcmnfzFJwfUjT1ECxOLuX4PDgRIRDGA__&Key-Pair-Id=KUT5TJCACFTXG","author","Nevada State Public Charter School Authority","date","2025-05-30T22:04:22.89Z","article","The State Public Charter School Authority voted May 30 to grant a good-cause exemption and approve Do and B Arts Academy of Excellence’s amendment to open with kindergarten through eighth grade, subject to a set of conditions the school must meet in the first week of June.

SPCSA staff had recommended approval based on the original charter approval and recent public comment supporting the school’s capacity to fill the additional seats. Shambrian Trego, a school representative, told the authority the school had already enrolled 161 students and had roughly 222 applications in process; she said many applications were pending documentation such as IDs and would likely convert to fully enrolled seats.

The board’s conditional approval requires the school to submit by June 1 evidence of at least 60 fully enrolled students for the 2025–26 year and a fully executed lease for the facility to meet the school’s needs for the coming year. The school must also provide a board-approved final budget that reflects confirmed enrollment and the cost of the identified facility by June 8, and must complete SPCSA’s preopening process for new charter schools.

Board members voiced support for the expansion but emphasized the short, nonnegotiable timelines. The motion to approve was moved by Member Shontay Rosales and seconded by Member Iverdaba; the board approved the motion by voice vote.

Why it matters: The school’s decision to open more grade levels changes enrollment planning, staffing and facilities needs for the coming school year. The June deadlines establish near-term checkpoints for SPCSA staff to confirm the school’s readiness.","mediaType","Video","parentTitle","SPCSA Board Meeting - May 30, 2025","oneSentenceSummary","The SPCSA approved Do and B Arts Academy of Excellence’s request to open with additional grade levels (K–8) and imposed conditions including evidence of 60 fully enrolled students and a fully executed lease by early June, plus a board-approved final budget by June 8.","taxTitle","STATE-SPONSORED CHARTER SCHOOLS, School Districts, Nevada","taxId",78400,"location","Nevada","headline","","shortSummary",{"_33":77,"_35":36,"_37":38,"_39":78,"_41":79,"_43":80,"_45":81,"_47":82,"_49":83,"_51":84,"_53":85,"_55":56,"_57":58,"_59":86,"_61":62,"_63":64,"_65":87,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6534029,"Nevada Facilities Fund reports $100 million revolving loan capacity; lease-guarantee pilot aims to help early-stage charters",591,2498000,3089000,"/Search/View?dp=1&key=3640462-4b9ada45b4554d740eea9b9aa36728e6&start=2498&end=3089","https://assets.pipeline.soar.com/3640462-4b9ada45b4554d740eea9b9aa36728e6/thumbnail_2498000.jpg","/articles/6534029/Nevada/Nevada-Facilities-Fund-reports-100-million-revolving-loan-capacity-lease-guarantee-pilot-aims-to-help-early-stage-charters","https://secure.pipeline.soar.com/6534029-b1d51c4ca571e1126f94b053b997e59c/orig.mp4?Expires=1770515814&Signature=ieJill7YUABeVVlFla2vyH~xbosznMBvwy6t-At~58cYmD8O5rtNqKf6TmRhu07goyujSR3a73~oY6oKZVrC2uAN5wqxMnxigLHsP8bLo~1XknUaN~aXLBDs75PfgAnQZXJqWTrFMKrXBr9YvLVv0kpVjR0XYJyBbZIYGhXp1l7gFVPthCM5pv9qF2krEJWqvNgvbt8R-Acnz02JU7B~xHFpfemnehccehrEb3SX16ubgNEI-UqwcDS2cKy3rrUTe52aKelY2rJAR9THYEH2MPGn2G-CV0EyI7GkO13PsTvlt1f4p7iTMLEUfyKfrok2LC18L~zENYIqoDxW5wvARA__&Key-Pair-Id=KUT5TJCACFTXG","Opportunity 180 gave the SPCSA an update on May 30 about the Nevada Facilities Fund, explaining how the program has closed several school facility loans and launched a lease-guarantee pilot aimed at reducing facility costs for charters.

Ray Frazier, managing director of operations at Opportunity 180, said the Nevada Facilities Fund is a $100 million revolving loan resource created in October 2023 through a public–private partnership with the Nevada State Infrastructure Bank. The fund’s capital stack includes a $15 million loan from the State Infrastructure Bank, $5 million in local philanthropic support, a $12 million federal credit enhancement grant, and approximately $80 million of national philanthropic and bond investments. The loans are designed to cover 100% of project costs for qualified charter school facility projects and to recycle repayments so the fund can support multiple deals over time.

Frazier highlighted three closed loans that are already serving students: Futuro Academy (a $12.2 million loan expected to save roughly $130,000 per year in facility expenses), Mariposa Language and Learning Academy (purchase and expansion in Reno), and Beacon Academy of Nevada (a loan enabling enrollment growth to roughly 600 students). Equitable Facilities Fund (EFF) underwrites loans and evaluates financial covenants, Frazier said; EFF requires schools to meet covenants such as minimum cash-on-hand and debt-service coverage ratios.

Opportunity 180 also described a lease-guarantee program under the federal credit enhancement grant. The program can guarantee up to $500,000 over three years for early-stage charters to secure better lease terms or to build a track record that allows them to access longer-term financing, including the Nevada Facilities Fund. Frazier described examples in which the presence of the facility fund and related credit support attracted other financing that enabled purchase or improved terms for early-stage schools.

Frazier said Opportunity 180 maintains an active pipeline of projects and is working with schools across Clark County, Washoe County, Carson City and Nye County. He said the fund prioritizes nonprofit charter organizations that serve under-resourced communities and can demonstrate current financial performance and academic results.

Why it matters: Lower-cost facility financing and lease guarantees can materially reduce annual facility expenses and free up per-pupil dollars for classroom operations. For lenders and schools, the presence of the fund can change the feasibility of purchasing or improving school facilities.","Opportunity 180 reported progress on the Nevada Facilities Fund: a $100 million revolving loan backed by multiple sources, closed loans enabling facility purchases, and a lease-guarantee program that can provide up to $500,000 over three years to help new charters secure better leases or bridge to permanent facilities.",{"_33":89,"_35":36,"_37":38,"_39":90,"_41":91,"_43":92,"_45":93,"_47":94,"_49":95,"_51":96,"_53":97,"_55":56,"_57":58,"_59":98,"_61":62,"_63":64,"_65":99,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6534034,"Closing administrator: Teach Las Vegas and Eagle wind-down faces payroll, creditor issues; final unsecured payments expected in June",315,1998000,2313000,"/Search/View?dp=1&key=3640462-4b9ada45b4554d740eea9b9aa36728e6&start=1998&end=2313","https://assets.pipeline.soar.com/3640462-4b9ada45b4554d740eea9b9aa36728e6/thumbnail_1998000.jpg","/articles/6534034/Nevada/Closing-administrator-Teach-Las-Vegas-and-Eagle-wind-down-faces-payroll-creditor-issues-final-unsecured-payments-expected-in-June","https://secure.pipeline.soar.com/6534034-544e24bc4b987329cebd3bafa5e1d676/orig.mp4?Expires=1770515814&Signature=Bq1Ra8wPXl-pdEy3SMUntIeZsEPJNxBGroSAIZhqt8TXYDXNMDkJ0UMHnplh-gE2RIK-9XEIMCHxOeelh9WEfJpAxS3mhw8tAz-CibBYV4DSIImwpHe0pBdrt7UIz1-JM-CivqM7Cat~fjZ93E28RwWBNx8sNDMqsDx-VPioob9AbUDw90y6NskslRIvQnx6~tdm7P8Mv4xSG7UdjiGaKOtFJo85ylkMboB~gwtz8kQ1yuNTiSJzwniI7puxBE3z6jup0K0A-wQ7TIwf6sfbl6dDwVZ3Dr~jH-SbnznolF65B2KAYHNowtCUQ-Xf2SZHnWoa1yqlKitnrR81mUzNCw__&Key-Pair-Id=KUT5TJCACFTXG","Josh Kern, the closing administrator for Teach Las Vegas and Eagle Charter Schools of Nevada, told the State Public Charter School Authority on May 30 that both closures have been delayed by incomplete and inaccurate financial records and complex creditor-priority questions.

Kern said staff discovered systemic payroll errors while reconstructing records for Eagle Charter Schools: some former employees had no wages reported on earlier W-2s, others had incorrect wage entries and incorrect withholdings, and some employees were improperly marked exempt from Social Security and Medicare. Kern said his team recalculated wages and withholdings for the majority of the schools’ employees to prepare corrected W-2 forms so former employees could file federal tax returns. Corrected W-2s were issued in February, Kern said.

A separate, major issue was correctly identifying secured and priority creditors. Kern said it was recently resolved that the Nevada Department of Education (NDE) will be treated as a general unsecured creditor for Eagle rather than having priority status; that resolution mattered because if NDE’s $800,000 overpayment had been treated as a priority claim it could have consumed all available funds for general unsecured creditors at Eagle. With the priority-creditor question resolved, Kern said both Teach and Eagle will have “some remaining funds” to pay general unsecured creditors and he expected those payments to be made in June. He said he plans to deliver a final wind-down audit and compliance report to SPCSA by September that will document whether any liabilities remain.

Kern told the board that the closings remain \"complex and dynamic,\" acknowledged the time burden and apologized for the length of the process, and said his final report will include recommendations to streamline future closures. Board members asked about tax-filing implications for former employees; Kern said corrected W-2s were issued before the April filing deadline and he believed employees had the correct information in time to file.

Why it matters: The wind-downs affect former employees, vendors and creditors, and resolving the order of creditor payments is a legal and practical prerequisite before any distributions can be made to unsecured creditors.","The board heard an update on the wind-down of Teach Las Vegas and Eagle Charter Schools of Nevada: incomplete records required reconstruction of payroll and W-2s, priority-creditor questions were resolved, and limited funds remain to pay a small percentage to general unsecured creditors next month.",{"_33":101,"_35":36,"_37":38,"_39":102,"_41":103,"_43":104,"_45":105,"_47":106,"_49":107,"_51":108,"_53":109,"_55":56,"_57":58,"_59":110,"_61":62,"_63":64,"_65":111,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6534039,"Board keeps Nevada Prep under heightened financial monitoring after public supporters urge second chance",10455,296000,10751000,"/Search/View?dp=1&key=3640462-4b9ada45b4554d740eea9b9aa36728e6&start=296&end=10751","https://assets.pipeline.soar.com/3640462-4b9ada45b4554d740eea9b9aa36728e6/thumbnail_296000.jpg","/articles/6534039/Nevada/Board-keeps-Nevada-Prep-under-heightened-financial-monitoring-after-public-supporters-urge-second-chance","https://secure.pipeline.soar.com/6534039-acf614a261e0a4397423beb2007d6fae/orig.mp4?Expires=1770515814&Signature=Bf08d1AeI4xa4z2OUncNpWa9QF14sueIHynHupaZL-RLqH6jQe5J7AQtMCql5NQQqr~d9Y926l6U3tbVtJ1vl87e~PvMo2NyZWcCNlj4q6tGaWCDIkdB881e77Qh2nN6WyJ3cLZCHMLwGYVlbcKg0Y1W6fmFMRuAXnEXZKey0PCGll5Scd3eeot~25V-XzTF-LiM2gG-xcPfFZaTL0hPpPPmdb2D37VXlsQ4-vlalafHx6c~rGqGJ9ZznR2vnu23jWdQtERbApsfjF8HOcNOv75xoCAdY4MsBVc7SCcb9yu6Hrtw4iWpEzcboJp4yic7HfV7CeCNJ5E80SZfTgAcMA__&Key-Pair-Id=KUT5TJCACFTXG","Members of the community urged the State Public Charter School Authority on May 30 to give Nevada Prep more time and tools to stabilize while financial and facilities proposals are pursued. The authority instead continued an existing Financial Notice of Concern for the school and placed it under heightened monitoring.

Public comments before the vote focused on the school’s turnaround efforts and enrollment prospects. Jeff McAlpine, academic director at Nevada Prep, and Freddie Rosser, the school’s principal, told the authority they had recruited additional students and described steps toward financial and academic improvement. McAlpine said he has compiled historical school data and is writing a book documenting the school’s turnaround work; Rosser said the school’s enrollment trajectory was “on a great trajectory” and reported current enrollment approaching the school’s target.

Raymond James, represented during public comment by Wes Olsen, and other lenders and technical-assistance organizations also addressed the board earlier in the meeting about facility financing and the importance of nuanced application of the intervention ladder so some schools can access low-cost capital. SPCSA staff, represented by Katie Broughton, said the board’s oversight decision should be based on Nevada Prep’s audited FY2024 performance; staff found significant concerns in the FY2024 audit and noted that while the school provided additional FY2025/FY2026 materials, staff’s recommendation was to keep the notice in place and escalate if required.

SPCSA’s heightened monitoring requires Nevada Prep to submit monthly budget-to-actual reports, evidence of monthly PERS payments (with paperwork that correctly credits individual employees), and to provide immediate access to accounting records and other financial documents when requested. The school must also reply to SPCSA inquiries within three business days. Staff said continued failure to provide documents or timely responses would trigger a recommendation to elevate the notice to a breach.

From the meeting record: the board motion to continue the notice of concern was made by Member Patricia Haddad Bennett and seconded by Member Ivan Iberdaba; the board approved the motion by voice vote.

Why it matters: SPCSA oversight and monitoring timelines matter for schools’ access to financing, vendor payments and staff retention. Lenders and local facility funds explicitly told the board that designations such as a notice of breach can disqualify schools from low-cost capital, while monitored schools may still be eligible for loans if their authorizer designation permits it.","Public commenters, school leaders and a financial adviser described efforts to stabilize Nevada Prep; SPCSA staff warned of FY2024 weaknesses and the board voted to continue a Notice of Concern with heightened reporting requirements.",{"_33":113,"_35":36,"_37":38,"_39":114,"_41":115,"_43":116,"_45":117,"_47":118,"_49":119,"_51":120,"_53":121,"_55":56,"_57":58,"_59":122,"_61":62,"_63":64,"_65":123,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6534043,"SPCSA continues heightened monitoring for two charters, approves one charter amendment and consent agenda",4087,1168000,5255000,"/Search/View?dp=1&key=3640462-4b9ada45b4554d740eea9b9aa36728e6&start=1168&end=5255","https://assets.pipeline.soar.com/3640462-4b9ada45b4554d740eea9b9aa36728e6/thumbnail_1168000.jpg","/articles/6534043/Nevada/SPCSA-continues-heightened-monitoring-for-two-charters-approves-one-charter-amendment-and-consent-agenda","https://secure.pipeline.soar.com/6534043-8e1064d1ba5de7ddbe7ab254140c48af/orig.mp4?Expires=1770515814&Signature=NmdRBUbouMIhvxLAdYZ79aks69OuNtrMtbhTEdprVf8jpCMP3959rBH2LlNvcTMGsaXhZyBl6Yr9HDOiAETUKiBAnS-rRcEhluAyZqRB3GyZHlPWXxG5VrI2DBueU3wzCtWACJi3u4~7rO~J4gWfhq-YPZGAdmD0ZaRhpnW1deBRDoh7Fjm29O6me8qrGVQ7fLz0tGWUL28RP9U2K7g8ekHwBKeJYX0j6S7wxKcv4uBMue9z-GL21SKym9kX6EY8SpKDTuxBNtnzO6pDwtqYo09MbHzxJTVNDNNLAm~uRf9063P0AkA5SXAhVoC29T7f~F6djo6DyCkfO5B1Y5qrcw__&Key-Pair-Id=KUT5TJCACFTXG","The State Public Charter School Authority on May 30 approved its consent agenda and approved a charter amendment for Do and B Arts Academy of Excellence, while continuing financial notices of concern with heightened monitoring for Nevada Prep Charter School and Sage Collegiate Public Charter School.

The authority voted to approve the consent agenda, which included the April action minutes and the charter contract amendment for Sage Collegiate Public Charter School. The board then considered a request from Do and B Arts Academy of Excellence (DBAE) to expand its initial grade offerings; the board granted the requested good-cause exemption and approved DBAE’s request to open with grades K–8, subject to conditions the school must meet in early June.

On separate agenda items staff reviewed audited FY2024 financial performance for Nevada Prep and Sage Collegiate and recommended escalation to a notice of breach. After discussion the board instead voted in both cases to continue each school’s existing financial notice of concern but to require heightened monitoring. The monitoring requires monthly budget-to-actual reports, evidence of monthly PERS payments (with paperwork demonstrating correct employee allocation), rapid responses to staff inquiries, and ready access to accounting records. SPCSA staff said a failure to meet the new reporting deadlines or to answer information requests within three business days would trigger a return to the board with a recommendation to escalate to a notice of breach.

Votes at a glance
- Consent agenda (minutes and Sage Collegiate contract amendment): Approved by voice vote.
- Do and B Arts Academy of Excellence (contract amendment to open K–8): Approved; conditions include 60 fully enrolled students and a fully executed lease by specified June dates and a board-approved final budget.
- Nevada Prep Charter School (financial oversight): Board continued notice of concern and placed the school under heightened financial monitoring; staff to report back if monitoring requirements are not met.
- Sage Collegiate Public Charter School (financial oversight): Board continued notice of concern and placed the school under heightened financial monitoring; staff to report back if monitoring requirements are not met.

The board and staff emphasized that the heightened monitoring will require substantial, ongoing cooperation from the schools and that late or incomplete responses will not be tolerated.","At its May 30 meeting the State Public Charter School Authority approved a consent agenda, granted a charter amendment for Do and B Arts Academy of Excellence with conditions, and voted to continue financial notices of concern with heightened monitoring for Nevada Prep and Sage Collegiate.","actionData","errors"]

Article not found

Do and B Arts Academy approved to open K–8 with conditions including June deadlines for enrollment, lease and budget

Nevada Facilities Fund reports $100 million revolving loan capacity; lease-guarantee pilot aims to help early-stage charters

Closing administrator: Teach Las Vegas and Eagle wind-down faces payroll, creditor issues; final unsecured payments expected in June

Board keeps Nevada Prep under heightened financial monitoring after public supporters urge second chance

SPCSA continues heightened monitoring for two charters, approves one charter amendment and consent agenda