Totals
- Total revenue
- $3,638,662
- Total expenses
- $2,744,782
- Contributions and grants received
- $2,126,008
- Grants paid
- $2,000
- Program service revenue
- $1,449,592
- Investment income
- $34,260
- Other revenue
- $28,802
- Total assets, end of year
- $4,846,370
- Total liabilities, end of year
- $217,728
- Net assets or fund balances, end of year
- $4,628,642
- Program services expenses (Part IX)
- $2,718,539
- Management and general expenses
- $10,743
- Fundraising expenses
- $15,500
- Program service expenses (Part III)
- $2,718,539
Program services were 99.0% 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.
-
1c · Fundraising events
$556,150
-
1e · Government grants (contributions)
$39,000
-
1f · All other contributions, gifts and grants
$1,530,858
-
2a · Program service revenue: TUITION
total $758,063 · related or exempt $758,063
-
2b · Program service revenue: AAA SCHOLARSHIP REVENU
total $487,027 · related or exempt $487,027
-
2c · Program service revenue: LUNCH REVENUE
total $179,175 · related or exempt $179,175
-
2d · Program service revenue: ATHLETICS REVENUE
total $25,327 · related or exempt $25,327
-
3 · Investment income
total $234 · excluded $234
-
7a · Gross sales of assets other than inventory
securities $34,026
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $34,026
-
7d · Net gain or loss
total $34,026 · excluded $34,026
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$556,150
-
8b · Fundraising events: direct expenses
$2,885
-
8c · Net income from fundraising events
total -$2,885 · excluded -$2,885
-
11a · Other revenue: MISCELLANEOUS REVENUE
total $31,687 · related or exempt $31,687
-
11e · Other revenue, total
$31,687
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $2,000 · program services $2,000
-
7 · Other salaries and wages
total $1,592,709 · program services $1,592,709
-
9 · Other employee benefits
total $117,448 · program services $117,448
-
10 · Payroll taxes
total $108,845 · program services $108,845
-
11c · Fees: accounting
total $10,743 · management and general $10,743
-
11g · Fees: other
total $28,081 · program services $28,081
-
12 · Advertising and promotion
total $10,900 · program services $10,900
-
13 · Office expenses
total $68,541 · program services $68,541
-
14 · Information technology
total $439 · program services $439
-
16 · Occupancy
total $149,142 · program services $149,142
-
17 · Travel
total $26,652 · program services $26,652
-
20 · Interest
total $12,669 · program services $12,669
-
22 · Depreciation, depletion and amortization
total $157,676 · program services $157,676
-
23 · Insurance
total $111,816 · program services $111,816
-
24a · Other expenses: FOOD/LUNCHROOM
total $110,433 · program services $110,433
-
24b · Other expenses: ATHLETICS EXPENSE
total $65,599 · program services $65,599
-
24c · Other expenses: REPAIRS & MAINTENANCE
total $52,169 · program services $52,169
-
24d · Other expenses: CURRICULUM
total $41,913 · program services $41,913
-
24e · All other expenses
total $77,007 · program services $61,507 · fundraising $15,500
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $96,458 · end of year $1,011,475
-
2 · Savings and temporary cash investments
beginning of year $382,124 · end of year $66,852
-
9 · Prepaid expenses and deferred charges
beginning of year $0 · end of year $4,706
-
10a · Land, buildings and equipment: cost or other basis
$4,528,588
-
10b · Land, buildings and equipment: accumulated depreciation
$806,928
-
10c · Land, buildings and equipment, net
beginning of year $3,602,574 · end of year $3,721,660
-
11 · Investments: publicly traded securities
beginning of year $4,189
-
15 · Other assets
beginning of year $15,000 · end of year $41,677
-
17 · Accounts payable and accrued expenses
beginning of year $0 · end of year $59,191
-
23 · Secured mortgages and notes payable
beginning of year $200,000 · end of year $158,537
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $3,900,345 · end of year $4,628,642
Mission and programs · 2023
Mission
ESTABLISH, MAINTAIN, AND OPERATE A MODERN PRIVATE SCHOOL IN WHICH PUPILS WILL BE TAUGHT AND TRAINED IN ALL PROPER AND REQUIRED SCHOLASTIC, ACADEMIC, LITERARY AND SCIENTIFIC SUBJECTS FROM GRADE 6 THOUGH GRADE 12. VALIANT CROSS ACADEMY WILL PROVIDE EDUCATION SERVICES THAT WILL INCLUDE: ACADEMIC INSTRUCTION AND EVALUATION, EXPOSURE TO THE ARTS, COMMUNITY INVOLVEMENT AND ATHLETIC TRAINING.
-
ESTABLISH, MAINTAIN, AND OPERATE A MODERN PRIVATE SCHOOL IN WHICH PUPILS WILL BE TAUGHT AND TRAINED IN ALL PROPER AND REQUIRED SCHOLASTIC, ACADEMIC, LITERARY AND SCIENTIFIC SUBJECTS FROM GRADE 6 THOUGH GRADE 12. VALIANT CROSS ACADEMY WILL PROVIDE EDUCATION SERVICES THAT WILL INCLUDE: ACADEMIC INSTRUCTION AND EVALUATION, EXPOSURE TO THE ARTS, COMMUNITY INVOLVEMENT AND ATHLETIC TRAINING.RECEIVE AND ADMINISTER FUNDS FOR SCIENTIFIC, EDUCATIONAL, AND CHARITABLE PURPOSES AND TO THAT END TAKE AND HOLD BY BEQUEST, DEVISE, GIFT, GRANT, PURCHASE, LEASE OR OTHERWISE, EITHER ABSOLUTELY OR JOINTLY WITH ANY OTHER PERSON, PERSONS, OR CORPORATION, ANY PROPERTY, REAL, PERSONAL, TANGIBLE, OR INTANGIBLE, OR ANY UNDIVIDED INTEREST THEREIN, WITHOUT LIMITATION AS TO AMOUNT OR VALUE. APPLY FROM TIME TO TIME THE PRINCIPAL THEREOF AND THE INCOME THEREFROM EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, SCIENTIFIC, LITERARY, CULTURAL, OR EDUCATIONAL PURPOSES BY SUCH AGENCIES.
Expenses $2,718,539 · Grants $2,000 · Revenue $1,481,279
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Tod EtheredgeTOD ETHEREDGE
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0.6
-
Judge Pamela HigginsJUDGE PAMELA HIGGINS
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0.15
-
Jonathan AvantJONATHAN AVANT
TREASURER
- Total calculated
- $0
- Hours/week
- 0.6
-
Leslie SandersLESLIE SANDERS
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.15
-
Ben BlanchardBEN BLANCHARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.15
-
Pastor Ken AustinPASTOR KEN AUSTIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.15
-
Dr Jay D CooperDR JAY D COOPER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.15
-
Kendall DunsonKENDALL DUNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.15
-
Conrad BellCONRAD BELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.15
-
Edward V Welch JrEDWARD V WELCH JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.6
-
John Ed MathisonJOHN ED MATHISON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.15
-
Judge Steven ReedJUDGE STEVEN REED
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.15
-
Sheyanne Webb-ChristburgSHEYANNE WEBB-CHRISTBURG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.15
-
General William SparrowGENERAL WILLIAM SPARROW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.15
-
Judge Todd StrangeJUDGE TODD STRANGE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.15
-
Tonya TerryTONYA TERRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.15
-
Dr Jay WolfDR JAY WOLF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.15
-
Anthony BrockANTHONY BROCK
HEAD OF SCHOOL
- Total calculated
- $191,331
- From this org
- $185,331
- From related orgs
- $0
- Other
- $6,000
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $185,331
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $6,000
- Filer's total
- $191,331
-
Frederick BrockFREDERICK BROCK
DIRECTOR OF OPERATIONS
- Total calculated
- $188,881
- From this org
- $182,881
- From related orgs
- $0
- Other
- $6,000
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $182,881
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $6,000
- Filer's total
- $188,881
-
Kimberly BakerKIMBERLY BAKER
DIRECTOR OF DEVELOPMENT
- Total calculated
- $132,831
- From this org
- $132,831
- From related orgs
- $0
- Other
- $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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 17 June 2025
- IRS schema version
- 2023v6.0
- Source object
- 202521699349300932
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