Skip to content
Nonprofiteer
← VANGUARD SCHOOL OF LAKE WALES FLORIDA INC

Form 990 for tax year 2023

Filed by VANGUARD SCHOOL OF LAKE WALES FLORIDA INC.

Totals

Total revenue
$5,143,872
Total expenses
$5,817,257
Contributions and grants received
$658,137
Grants paid
$1,339,146
Program service revenue
$4,185,826
Investment income
$286,766
Other revenue
$13,143
Total assets, end of year
$8,471,747
Total liabilities, end of year
$1,313,558
Net assets or fund balances, end of year
$7,158,189
Program services expenses (Part IX)
$4,621,485
Management and general expenses
$1,126,599
Fundraising expenses
$69,173
Program service expenses (Part III)
$4,621,485

Program services were 79.4% 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

    $658,137

  • 1g · Noncash contributions included above

    $1,005

  • 2a · Program service revenue: TUITION & STUDENT FEES

    total $4,108,365 · related or exempt $4,108,365

  • 2b · Program service revenue: SUMMER SCHOOL REVENUE

    total $77,461 · related or exempt $77,461

  • 3 · Investment income

    total $221 · excluded $221

  • 6a · Gross rents

    real property $550

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $550

  • 6d · Net rental income or loss

    total $550 · excluded $550

  • 7a · Gross sales of assets other than inventory

    securities $400,000

  • 7b · Less cost or other basis and sales expenses

    securities $113,455

  • 7c · Gain or loss

    securities $286,545

  • 7d · Net gain or loss

    total $286,545 · excluded $286,545

  • 11a · Other revenue: INSURANCE CLAIMS

    total $9,366 · excluded $9,366

  • 11b · Other revenue: THANKSGIVING STAY

    total $2,900 · related or exempt $2,900

  • 11c · Other revenue: CONCESSIONS

    total $327 · excluded $327

  • 11e · Other revenue, total

    $12,593

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $100 · program services $100

  • 2 · Grants to domestic individuals

    total $1,339,046 · program services $1,339,046

  • 5 · Compensation of officers, directors and key employees

    total $396,567 · program services $276,192 · management and general $108,479 · fundraising $11,896

  • 7 · Other salaries and wages

    total $1,575,650 · program services $1,097,375 · management and general $431,005 · fundraising $47,270

  • 8 · Pension plan contributions

    total $39,410 · program services $27,448 · management and general $10,780 · fundraising $1,182

  • 9 · Other employee benefits

    total $161,324 · program services $101,717 · management and general $55,601 · fundraising $4,006

  • 10 · Payroll taxes

    total $160,632 · program services $111,874 · management and general $43,939 · fundraising $4,819

  • 11b · Fees: legal

    total $7,650 · management and general $7,650

  • 11c · Fees: accounting

    total $58,353 · management and general $58,353

  • 11f · Fees: investment management

    total $9,084 · management and general $9,084

  • 11g · Fees: other

    total $586,666 · program services $513,259 · management and general $73,407

  • 12 · Advertising and promotion

    total $82,163 · management and general $82,163

  • 13 · Office expenses

    total $119,687 · program services $95,871 · management and general $23,816

  • 14 · Information technology

    total $56,378 · program services $26,703 · management and general $29,675

  • 16 · Occupancy

    total $231,367 · program services $208,230 · management and general $23,137

  • 17 · Travel

    total $30,477 · program services $30,477

  • 19 · Conferences, conventions and meetings

    total $70,059 · management and general $70,059

  • 20 · Interest

    total $20,820 · program services $18,738 · management and general $2,082

  • 22 · Depreciation, depletion and amortization

    total $391,357 · program services $352,221 · management and general $39,136

  • 23 · Insurance

    total $358,426 · program services $322,583 · management and general $35,843

  • 24a · Other expenses: REPAIRS

    total $102,367 · program services $92,130 · management and general $10,237

  • 24b · Other expenses: ATHLETICS EXPENSES

    total $7,521 · program services $7,521

  • 24c · Other expenses: EQUIPMENT RENTAL

    total $6,384 · management and general $6,384

  • 24d · Other expenses: GRADUATION EXPENSES

    total $1,308 · management and general $1,308

  • 24e · All other expenses

    total $4,461 · management and general $4,461

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $81,067 · end of year $76,212

  • 2 · Savings and temporary cash investments

    beginning of year $387,318 · end of year $547,598

  • 4 · Accounts receivable

    beginning of year $8,244 · end of year $14,687

  • 9 · Prepaid expenses and deferred charges

    beginning of year $213,832 · end of year $210,485

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

    $12,849,038

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

    $7,492,152

  • 10c · Land, buildings and equipment, net

    beginning of year $5,659,685 · end of year $5,356,886

  • 11 · Investments: publicly traded securities

    beginning of year $2,274,460 · end of year $2,265,879

  • 17 · Accounts payable and accrued expenses

    beginning of year $274,407 · end of year $306,370

  • 19 · Deferred revenue

    beginning of year $101,465 · end of year $534,262

  • 24 · Unsecured notes and loans payable

    beginning of year $489,477 · end of year $472,926

  • 27 · Net assets without donor restrictions

    beginning of year $7,446,560 · end of year $6,828,938

  • 28 · Net assets with donor restrictions

    beginning of year $312,697 · end of year $329,251

Mission and programs · 2023

Mission

THE VANGUARD SCHOOL IS AN INDEPENDENT, CO-EDUCATIONAL, BOARDING AND DAY SCHOOL FOR STUDENTS WHO LEARN DIFFERENTLY. VANGUARD STRIVES TO ENSURE EACH STUDENT ASPIRES TO HIGHER EDUCATIONAL OPPORTUNITIES AND INDEPENDENT LIFE.

Activities or mission (Part I)

AN INDEPENDENT, CO-EDUCATIONAL, BOARDING AND DAY SCHOOL FOR STUDENTS WHO LEARN DIFFERENTLY

  • VANGUARD OPENED ITS DOORS ON FEBRUARY 1, 1966, IN LAKE WALES, FLORIDA, TO A CLASS OF SIX STUDENTS. VANGUARD HAS GROWN INTO AN INTERNATIONALLY RECOGNIZED AND FULLY ACCREDITED INSTITUTION WITH A MAXIMUM ENROLLMENT OF 140 STUDENTS IN GRADES 6-12. WE STARTED WITH JUST ONE BUILDING, AND HAVE GROWN TO A 77-ACRE CAMPUS WITH FOUR DORMS, THREE SCHOOL BUILDINGS, A MEDIA CENTER/LIBRARY, CAFETERIA, GYM, FITNESS CENTER, PERFORMING ARTS CENTER AND MUCH MORE. SINCE 1966, THE VANGUARD SCHOOL HAS SPECIALIZED IN EDUCATING STUDENTS WITH A VARIETY OF LEARNING DIFFERENCES, IN AN ENVIRONMENT THAT ACKNOWLEDGES THEIR DIFFERENCES, CELEBRATES THEIR STRENGTHS AND SUPPORTS THEM IN OVERCOMING THEIR CHALLENGES. WE UNDERSTAND THAT EACH CHILD LEARNS DIFFERENTLY AND WE PROVIDE AN INDIVIDUALIZED EDUCATIONAL ENVIRONMENT FOR STUDENTS TO LEARN.

    Expenses $4,621,485 · Grants $1,339,146 · Revenue $4,188,726

As filed on the 2023 return.

Listed in Part VII

  • Charles Baldwin

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5

  • Victor Story

    VICE CHAIRMAN AND TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Susan Craig

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Robert Fine

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Lois Harrison

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Rebekah Jahna

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Mike Murphy

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Kate Rutledge

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Amy Stettner

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Pat Weber

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Shannon Graves

    HEAD OF SCHOOL

    Total calculated
    $300,513
    From this org
    $238,155
    From related orgs
    $0
    Other
    $62,358
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $237,375
    Bonus
    $0
    Other
    $780
    Deferred
    $9,500
    Nontaxable benefits
    $52,858
    Filer's total
    $300,513

  • Tamika Smith

    CFO - THRU 8/2023

    Total calculated
    $61,871
    From this org
    $51,340
    From related orgs
    $0
    Other
    $10,531
    Hours/week
    50

  • Tim Knavel

    CFO - AS OF 8/2023

    Total calculated
    $41,688
    From this org
    $35,337
    From related orgs
    $0
    Other
    $6,351
    Hours/week
    50

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

  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 2 · Substantiation required before reimbursing expenses
  • 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

The filer's explanations (Part III)

PART I, LINE 1A
AS A CONDITION OF EMPLOYMENT, VANGUARD SCHOOL-OWNED HOUSING IS PROVIDED TO THE HEAD OF SCHOOL FOR THE CONVENIENCE OF THE SCHOOL. THIS BENEFIT WAS NOT CONSIDERED TAXABLE, AND THE VALUE OF THE HOUSING BENEFIT OF $24,000 IS INCLUDED IN SCHEDULE J, PART II, COLUMN (D).
PART I, LINE 1B
THE VANGUARD SCHOOL OF LAKE WALES DOES NOT REIMBURSE THE HEAD OF SCHOOL FOR ANY EXPENSES. ALL BENEFITS PROVIDED TO THE HEAD OF SCHOOL ARE PAID FOR DIRECTLY BY THE VANGUARD SCHOOL.

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
9 May 2025
IRS schema version
2023v6.0
Source object
202511299349303136

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.