Victory Ridge Academy Inc
- Assets
- $9.5m
- Revenue
- $8.2m
- Investments
- $0.0
- Employees
- 158
- Location
- Lake Wales, FL
- Founding
- 08/2010
- Data as of
- 06/2021
- EIN
- 20-4976804
Organization Overview
Victory Ridge Academy Inc is located in Lake Wales, FL. The organization was established in 2010. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Victory Ridge Academy Inc employed 158 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Victory Ridge Academy Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Victory Ridge Academy Inc generated $8.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $8.2m during the year ending 06/2021. While expenses have increased by 11.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
VICTORY RIDGE ACADEMY IS A SPECIALIZED CHARTER SCHOOL OPERATED UNDER CONTRACT WITH THE POLK COUNTY(FL) SCHOOL BOARD, WHICH SERVES A 100% ESE STUDENT POPULATION FROM PRE-K TO 12TH GRADE. PUPILS ARE TREATED AS BOTH PATIENTS AND STUDENTS UNDER A DUAL MEDICAL/EDUCATIONAL MODEL, RECEIVING FREQUENT SPEECH, PHYSICAL AND OCCUPATIONAL THERAPY ON SITE AND IN CLASSROOMS AS WELL AS INDIVIDUALIZED EDUCATIONAL INSTRUCTION FROM CERTIFIED ESE INSTRUCTORS. THE SCHOOL IS OPEN TO ALL RESIDENTS OF THE LOCAL COMMUNITY, AND ALL SERVICES ARE PROVIDED FREE OF CHARGE TO ITS STUDENT POPULATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VICTORY RIDGE ACADEMY PROVIDES CHILDREN WITH PHYSICAL, OCCUPATIONAL AND SPEECH THERAPY DURING SCHOOL HOURS AS WELL AS SPECIALIZED INDIVIDUAL EDUCATION PROGRAMS DESIGNED TO MEET EACH CHILD'S SPECIFIC NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Thronton Board Member | OfficerTrustee | 0.5 | $0 |
Jeff Bachelder Board Member | Trustee | 0.5 | $0 |
Larry Bossarte Board Member | Trustee | 0.5 | $0 |
Scott Gearhart Board Member | Trustee | $0 | |
Allison Cain Board Member | Trustee | 0.5 | $0 |
Shirley Goldstein Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $459,159 |
| All other contributions, gifts, grants, and similar amounts not included above | $62,021 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $521,180 |
| Total Program Service Revenue | $7,525,433 |
| Investment income | $632 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,207,224 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,100,340 |
| Pension plan accruals and contributions | $893,957 |
| Other employee benefits | $513,973 |
| Payroll taxes | $373,738 |
| Fees for services: Management | $84,187 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,052 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $99,965 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $535,776 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $21,137 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $101,735 |
| Insurance | $173,426 |
| All other expenses | $207,961 |
| Total functional expenses | $8,175,283 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,649,823 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $296,961 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,168,281 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,100 |
| Net Land, buildings, and equipment | $777,890 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,569,677 |
| Total assets | $9,468,732 |
| Accounts payable and accrued expenses | $515,073 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,351,303 |
| Total liabilities | $8,866,376 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $777,890 |
| Retained earnings, endowment, accumulated income, or other funds | -$175,534 |
| Total liabilities and net assets/fund balances | $9,468,732 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Victory Ridge Academy Inc has recieved totaling $60,058.
| Awarding Organization | Amount |
|---|---|
Homer And Annette Thompson Foundation Wilmington, DE PURPOSE: ELC CLASSROOM AND FLEXIBLE SEATING OPTIONS | $60,058 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Foundation For Osceola Education Inc Kissimmee, FL | $17,231,201 | $18,787,939 |
Lake Technical College Inc Eustis, FL | $17,510,446 | $18,253,168 |
Northstar Academies Inc Fort Lauderdale, FL | $8,255,029 | $17,151,740 |
Global Outreach Charter Academys Jacksonville, FL | $28,025,971 | $16,215,591 |
Coastal Plains Education Center Inc Metter, GA | $21,944,449 | $17,839,473 |
National Ben Gamla Charter Schoolfoundation Inc Miami, FL | $11,814,149 | $15,804,589 |
Lincoln Marti Charter Schools Inc Miami, FL | $12,862,040 | $15,316,634 |
Ridgeview Global Studies Academy Inc Davenport, FL | $23,553,699 | $16,444,024 |
Wesley International Academy Inc Atlanta, GA | $9,201,005 | $14,194,787 |
City Of Belle Isle Charter Schools Inc Miami, FL | $12,550,374 | $14,274,361 |
Sarasota Military Academy Inc Sarasota, FL | $22,680,421 | $14,952,313 |
Minneola Charter Schools Inc Minneola, FL | $14,329,481 | $14,463,653 |