Skip to content
Nonprofiteer
← VICTORY CHARTER SCHOOL K-5 INC

Form 990 for tax year 2022

Filed by VICTORY CHARTER SCHOOL K-5 INC.

Totals

Total revenue
$2,966,871
Total expenses
$3,055,310
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,884,754
Investment income
$0
Other revenue
$82,117
Total assets, end of year
$21,350,911
Total liabilities, end of year
$21,519,445
Net assets or fund balances, end of year
-$168,534
Program services expenses (Part IX)
$2,472,762
Management and general expenses
$582,548
Fundraising expenses
$0
Program service expenses (Part III)
$2,472,762

Program services were 80.9% 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.

  • 2a · Program service revenue: GOVERNMENT AGENCY

    total $2,884,754 · related or exempt $2,884,754

  • 11a · Other revenue: OTHER INCOME

    total $82,117 · related or exempt $82,117

  • 11e · Other revenue, total

    $82,117

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,525,933 · program services $1,425,690 · management and general $100,243

  • 9 · Other employee benefits

    total $165,574 · program services $156,661 · management and general $8,913

  • 10 · Payroll taxes

    total $112,157 · program services $106,229 · management and general $5,928

  • 11a · Fees: management

    total $238,275 · program services $119,138 · management and general $119,137

  • 11g · Fees: other

    total $138,978 · program services $91,195 · management and general $47,783

  • 13 · Office expenses

    total $227,800 · program services $211,359 · management and general $16,441

  • 16 · Occupancy

    total $336,765 · program services $136,722 · management and general $200,043

  • 22 · Depreciation, depletion and amortization

    total $176,707 · program services $150,201 · management and general $26,506

  • 23 · Insurance

    total $87,173 · program services $74,097 · management and general $13,076

  • 24a · Other expenses: DUES & FEES

    total $29,545 · program services $1,470 · management and general $28,075

  • 24b · Other expenses: REPAIR & MAINTENANCE

    total $16,131 · management and general $16,131

  • 24c · Other expenses: TELEPHONE

    total $272 · management and general $272

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $122,451 · end of year $149,357

  • 4 · Accounts receivable

    beginning of year $218,507 · end of year $187,066

  • 9 · Prepaid expenses and deferred charges

    beginning of year $16,005 · end of year $170,766

  • 10a · Land, buildings and equipment: cost or other basis

    $78,983

  • 10b · Land, buildings and equipment: accumulated depreciation

    $58,631

  • 10c · Land, buildings and equipment, net

    beginning of year $43,085 · end of year $20,352

  • 15 · Other assets

    beginning of year $20,977,343 · end of year $20,823,370

  • 17 · Accounts payable and accrued expenses

    beginning of year $206,720 · end of year $419,044

  • 25 · Other liabilities

    beginning of year $21,254,671 · end of year $21,100,401

  • 27 · Net assets without donor restrictions

    beginning of year -$84,000 · end of year -$168,534

Mission and programs · 2022

Mission

TO IMPLEMENT AN INNOVATIVE AND CREATIVE, STUDENT-CENTERED LEARNINGENVIRONMENT WHERE STUDENTS AND TEACHERS UTILIZE THE LATEST TECHNOLOGY IN THE ACQUISITION OF KNOWLEDGE AND SKILLS TO SUCCEDD IN A COMPETITIVEGLOBAL ECONOMY. WE ARE COMMITTED TO PROVIDING STUDENTS WITH THE ENVIRONMENT WHERE STUDENTS AND TEACHERS UTILIZE THE LATEST TECHNOLOGY IN THE ACQUISITION OF KNOWLEDGE AND SKILLS TO SUCCEDD IN A COMPETITIVE GLOBAL ECONOMY. WE ARE COMMITTED TO PROVIDING STUDENTS WITH THE TEACHERS UTILIZE THE LATEST TECHNOLOGY IN THE ACQUISITION OF KNOWLEDGE AND SKILLS TO SUCCEED IN A COMPETITIVE GLOBAL ECONOMY. WE ARE COMMITTED TO PROVIDING STUDENTS WITH THE HIGHEST QUALITY EDUCATIONAL PROGRAM POSSIBLE IN A STATE OF THE ART FACILITY.

  • VICTORY CHARTER SCHOOL K-5 PROVIDES EDUCATION SERVICES TO STUDENTS FROMGRADES KINDERGARTEN TO 5TH GRADES.

    Expenses $2,472,762 · Revenue $2,966,871

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dr Elaine Perez

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Erin Anding

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Antonio Cejas

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Nabin Timilsina

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Karilyn Bacallao

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Veronica Mele

    PARENT CONTACT

    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
2022
Filed
16 February 2024
IRS schema version
2022v5.0
Source object
202410479349300411

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.