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← VICTORY FAMILY SCHOOL

Form 990 for tax year 2023

Filed by VICTORY FAMILY SCHOOL.

Totals

Total revenue
$1,007,268
Total expenses
$1,200,074
Contributions and grants received
$98,658
Grants paid
$0
Program service revenue
$897,687
Investment income
$9,258
Other revenue
$1,665
Total assets, end of year
$322,720
Total liabilities, end of year
$153,960
Net assets or fund balances, end of year
$168,760
Program services expenses (Part IX)
$1,000,512
Management and general expenses
$98,861
Fundraising expenses
$100,701
Program service expenses (Part III)
$1,000,512

Program services were 83.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $98,658

  • 2a · Program service revenue: tuition and fees

    total $822,017 · related or exempt $822,017

  • 2b · Program service revenue: lunch

    total $75,670 · related or exempt $75,670

  • 3 · Investment income

    total $9,258 · related or exempt $9,258

  • 10a · Gross sales of inventory

    $6,094

  • 10b · Cost of goods sold

    $4,429

  • 10c · Net income from sales of inventory

    total $1,665 · related or exempt $1,665

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $57,750 · management and general $57,750

  • 7 · Other salaries and wages

    total $689,278 · program services $689,278

  • 9 · Other employee benefits

    total $101,947 · program services $93,509 · management and general $8,438

  • 10 · Payroll taxes

    total $59,310 · program services $54,401 · management and general $4,909

  • 11c · Fees: accounting

    total $9,075 · management and general $9,075

  • 11e · Fees: professional fundraising services

    total $97,669 · fundraising $97,669

  • 11g · Fees: other

    total $70,441 · program services $70,441

  • 12 · Advertising and promotion

    total $3,032 · fundraising $3,032

  • 13 · Office expenses

    total $4,520 · program services $4,344 · management and general $176

  • 14 · Information technology

    total $1,429 · management and general $1,429

  • 16 · Occupancy

    total $119 · program services $119

  • 23 · Insurance

    total $14,099 · program services $14,099

  • 24a · Other expenses: curriculum and supplies

    total $61,058 · program services $61,058

  • 24b · Other expenses: dues and subscriptions

    total $3,578 · program services $3,578

  • 24c · Other expenses: staff training

    total $7,219 · program services $7,219

  • 24d · Other expenses: events

    total $2,466 · program services $2,466

  • 24e · All other expenses

    total $17,084 · management and general $17,084

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $523,113 · end of year $322,720

  • 4 · Accounts receivable

    beginning of year $733

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,502 · end of year $1,182

  • 19 · Deferred revenue

    beginning of year $152,778 · end of year $152,778

  • 27 · Net assets without donor restrictions

    beginning of year $361,566 · end of year $94,987

  • 28 · Net assets with donor restrictions

    end of year $73,773

Mission and programs · 2023

Mission

education

  • School was in session for 180 school days of the academic year. The goal of VFS is to instill a love of learning in our children. We believe that providing a caring and nurturing environment is the best way to encourage and develop this love. Love for others, and specifically a loving, nurturing attitude conveyed to our children by our teachers, is consistent with and a reflection of our command to reflect Christs grace and sacrifice. At VFS, we assist families by providing excellence in academics while imparting Biblical principles in students lives so that they might impact the world for Christ.

    Expenses $1,000,512

As filed on the 2023 return.

Listed in Part VII

  • Caitlyn Melton

    Head of School

    Total calculated
    $58,575
    From this org
    $58,575
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Tim Smith

    Director

    Total calculated
    $0
    Hours/week
    1
  • Felipe Lopez

    Director

    Total calculated
    $0
    Hours/week
    5
  • Tara Jett

    Director

    Total calculated
    $0
    Hours/week
    1
  • Nick Lawson

    Director

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
8 November 2024
IRS schema version
2023v5.1
Source object
202403209349303880

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