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Nonprofiteer
← VICTORY FAMILY SCHOOL

Form 990 for tax year 2024

Filed by VICTORY FAMILY SCHOOL.

Totals

Total revenue
$1,878,713
Total expenses
$1,317,167
Contributions and grants received
$154,068
Grants paid
$0
Program service revenue
$1,693,612
Investment income
$25,879
Other revenue
$5,154
Total assets, end of year
$1,632,903
Total liabilities, end of year
$892,184
Net assets or fund balances, end of year
$740,719
Program services expenses (Part IX)
$1,158,790
Management and general expenses
$154,110
Fundraising expenses
$4,267
Program service expenses (Part III)
$1,158,790

Program services were 88.0% 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

    $154,068

  • 2a · Program service revenue: tuition and fees

    total $1,638,106 · related or exempt $1,638,106

  • 2b · Program service revenue: lunch

    total $55,506 · related or exempt $55,506

  • 3 · Investment income

    total $25,879 · excluded $25,879

  • 8a · Fundraising events: gross income

    $6,422

  • 8b · Fundraising events: direct expenses

    $1,552

  • 8c · Net income from fundraising events

    total $4,870 · excluded $4,870

  • 10a · Gross sales of inventory

    $3,187

  • 10b · Cost of goods sold

    $2,903

  • 10c · Net income from sales of inventory

    total $284 · related or exempt $284

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $833,322 · program services $749,990 · management and general $83,332

  • 9 · Other employee benefits

    total $145,937 · program services $131,343 · management and general $14,594

  • 10 · Payroll taxes

    total $66,523 · program services $59,871 · management and general $6,652

  • 11b · Fees: legal

    total $3,046 · management and general $3,046

  • 11c · Fees: accounting

    total $825 · management and general $825

  • 11e · Fees: professional fundraising services

    total $3,838 · fundraising $3,838

  • 11g · Fees: other

    total $70,294 · program services $60,822 · management and general $9,472

  • 12 · Advertising and promotion

    total $4,514 · management and general $4,085 · fundraising $429

  • 13 · Office expenses

    total $8,566 · management and general $8,566

  • 14 · Information technology

    total $8,874 · program services $6,548 · management and general $2,326

  • 16 · Occupancy

    total $1,023 · management and general $1,023

  • 17 · Travel

    total $390 · management and general $390

  • 22 · Depreciation, depletion and amortization

    total $1,616 · program services $1,029 · management and general $587

  • 23 · Insurance

    total $1,791 · management and general $1,791

  • 24a · Other expenses: curriculum and programs

    total $126,739 · program services $126,739

  • 24b · Other expenses: dues and subscriptions

    total $21,673 · program services $8,449 · management and general $13,224

  • 24c · Other expenses: staff training

    total $9,046 · program services $9,046

  • 24d · Other expenses: events

    total $4,953 · program services $4,953

  • 24e · All other expenses

    total $4,197 · management and general $4,197

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $333,133 · end of year $595,223

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

    $1,024,614

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

    $1,029

  • 10c · Land, buildings and equipment, net

    end of year $1,023,585

  • 14 · Intangible assets

    end of year $14,095

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,182 · end of year $19,009

  • 19 · Deferred revenue

    beginning of year $152,778 · end of year $160,675

  • 23 · Secured mortgages and notes payable

    end of year $712,500

  • 27 · Net assets without donor restrictions

    beginning of year $105,400 · end of year $615,137

  • 28 · Net assets with donor restrictions

    beginning of year $73,773 · end of year $125,582

Mission and programs · 2024

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 $1,158,790

As filed on the 2024 return.

Listed in Part VII

  • Tara Jett

    Secretary

    Total calculated
    $0
    Hours/week
    1
  • Shane Voegele

    Director

    Total calculated
    $0
    Hours/week
    1
  • Felipe Lopez

    President

    Total calculated
    $0
    Hours/week
    5
  • Tim Smith

    Director

    Total calculated
    $0
    Hours/week
    1
  • Robyn Estrada

    Director

    Total calculated
    $0
    Hours/week
    1
  • Mick Dow

    Director

    Total calculated
    $0
    Hours/week
    1
  • Caitlyn Melton

    Head of School

    Total calculated
    $0
    Hours/week
    40

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
2024
Filed
21 October 2025
IRS schema version
2024v5.2
Source object
202503219349320435

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