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Nonprofiteer
← VALIANT CROSS ACADEMY

Form 990 for tax year 2022

Filed by VALIANT CROSS ACADEMY.

Totals

Total revenue
$2,822,271
Total expenses
$2,652,344
Contributions and grants received
$1,528,464
Grants paid
$0
Program service revenue
$1,114,802
Investment income
$439
Other revenue
$178,566
Total assets, end of year
$4,100,345
Total liabilities, end of year
$200,000
Net assets or fund balances, end of year
$3,900,345
Program services expenses (Part IX)
$2,617,343
Management and general expenses
$0
Fundraising expenses
$35,001
Program service expenses (Part III)
$2,617,343

Program services were 98.7% 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

    $217,378

  • 1e · Government grants (contributions)

    $170,000

  • 1f · All other contributions, gifts and grants

    $1,141,086

  • 2a · Program service revenue: AAA SCHOLARSHIPS

    total $914,293 · related or exempt $914,293

  • 2b · Program service revenue: TUITION

    total $179,034 · related or exempt $179,034

  • 2c · Program service revenue: ATHLETICS REVENUE

    total $21,475 · related or exempt $21,475

  • 3 · Investment income

    total $157 · related or exempt $157

  • 7a · Gross sales of assets other than inventory

    securities $282

  • 7c · Gain or loss

    securities $282

  • 7d · Net gain or loss

    total $282 · related or exempt $282

  • 8a · Fundraising events: contributions included on line 1c

    $217,378

  • 11a · Other revenue: TAX REFUNDS

    total $178,566 · excluded $178,566

  • 11e · Other revenue, total

    $178,566

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,568,650 · program services $1,568,650

  • 9 · Other employee benefits

    total $64,940 · program services $64,940

  • 10 · Payroll taxes

    total $114,657 · program services $114,657

  • 11c · Fees: accounting

    total $46,950 · program services $46,950

  • 11g · Fees: other

    total $43,541 · program services $43,541

  • 12 · Advertising and promotion

    total $425 · program services $425

  • 13 · Office expenses

    total $38,191 · program services $38,191

  • 14 · Information technology

    total $265 · program services $265

  • 16 · Occupancy

    total $53,496 · program services $53,496

  • 17 · Travel

    total $2,855 · program services $2,855

  • 22 · Depreciation, depletion and amortization

    total $108,724 · program services $108,724

  • 23 · Insurance

    total $121,466 · program services $121,466

  • 24a · Other expenses: CURRICULUM

    total $94,046 · program services $94,046

  • 24b · Other expenses: RENT

    total $87,200 · program services $87,200

  • 24c · Other expenses: ATHLETICS EXPENSE

    total $61,323 · program services $61,323

  • 24d · Other expenses: 5101 FOOD EXPENSE

    total $40,271 · program services $40,271

  • 24e · All other expenses

    total $205,344 · program services $170,343 · fundraising $35,001

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $87,868 · end of year $96,458

  • 2 · Savings and temporary cash investments

    beginning of year $386,417 · end of year $382,124

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

    $4,251,825

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

    $649,251

  • 10c · Land, buildings and equipment, net

    beginning of year $3,253,657 · end of year $3,602,574

  • 11 · Investments: publicly traded securities

    beginning of year $4,622 · end of year $4,189

  • 15 · Other assets

    beginning of year $15,000 · end of year $15,000

  • 25 · Other liabilities

    beginning of year $17,146 · end of year $200,000

  • 31 · Retained earnings, endowment or other funds

    beginning of year $3,730,418 · end of year $3,900,345

Mission and programs · 2022

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.

    Expenses $2,617,343

  • 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.

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

Listed in Part VII

  • Anthony Brock

    HEAD OF SCHO

    Total calculated
    $185,331
    From this org
    $185,331
    From related orgs
    $0
    Other
    $0

    Schedule J breakdown matched by us

    Base
    $185,331
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $185,331

  • Frederick Brock

    DIRECTOR

    Total calculated
    $182,881
    From this org
    $182,881
    From related orgs
    $0
    Other
    $0

    Schedule J breakdown matched by us

    Base
    $182,881
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $182,881

  • Kimberly Baker

    DIRECTOR

    Total calculated
    $132,831
    From this org
    $132,831
    From related orgs
    $0
    Other
    $0

  • Pastor Ken Austin

    DIRECTOR

    Total calculated
    $0

  • Jonathan Avant

    TREASURER

    Total calculated
    $0

  • Ben Blanchard

    CHAIRMAN

    Total calculated
    $0

  • Dr Jay D Cooper

    DIRECTOR

    Total calculated
    $0

  • Kendall Dunson

    DIRECTOR

    Total calculated
    $0

  • Tod Etheredge

    PRESIDENT

    Total calculated
    $0

  • Chase Fisher

    DIRECTOR

    Total calculated
    $0

  • Judge Pamela Higgins

    VICE PRESIDE

    Total calculated
    $0

  • Edward V Welch Jr

    DIRECTOR

    Total calculated
    $0

  • John Ed Mathison

    DIRECTOR

    Total calculated
    $0

  • Judge Steven Reed

    DIRECTOR

    Total calculated
    $0

  • Winston Wilson Reese

    DIRECTOR

    Total calculated
    $0

  • Leslie Sanders

    SECRETARY

    Total calculated
    $0

  • General William Sparrow

    DIRECTOR

    Total calculated
    $0

  • Judge Todd Strange

    DIRECTOR

    Total calculated
    $0

  • Tonya Terry

    DIRECTOR

    Total calculated
    $0

  • Dr Jay Wolf

    DIRECTOR

    Total calculated
    $0

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

None.

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
2022
Filed
27 March 2024
IRS schema version
2022v5.0
Source object
202411009349301146

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