Victory Academy Ocala Inc
- Assets
- $408.1k
- Revenue
- $518.9k
- Investments
- $0.0
- Employees
- 23
- Location
- Ocala, FL
- Founding
- 10/2014
- Data as of
- 07/2022
- EIN
- 45-5409146
Organization Overview
Victory Academy Ocala Inc is located in Ocala, FL. The organization was established in 2014. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 07/2022, Victory Academy Ocala Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Victory Academy Ocala 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 07/2022, Victory Academy Ocala Inc generated $518.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $596.7k during the year ending 07/2022. While expenses have increased by 13.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
VICTORY ACADEMY IS A CLASSICAL CHRISTIAN COLLEGE PREPARATORY SCHOOL DEDICATED TO NURTURING AND CHALLENGING THE WHOLE PERSON - BODY, MIND AND SPIRIT TO THE GLORY OF GOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VICTORY ACADEMY MAINTAINED PRE K THROUGH 8TH GRADE CLASSES TO PROVIDE A CHRIST CENTERED EDUCATION FOR STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dianne Van Fleet Secretary/tr | OfficerTrustee | 30 | $33,486 |
Carey V Jones President | OfficerTrustee | 30 | $32,861 |
Dean Aschliman Board Member | Trustee | 2 | $0 |
Matt Overfelt Vice Preside | OfficerTrustee | 2 | $0 |
Pat Stanley Board Member | Trustee | 7 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $32,023 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,023 |
| Total Program Service Revenue | $461,535 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,200 |
| Net Gain/Loss on Asset Sales | -$44,186 |
| Net Income from Fundraising Events | $10,682 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $518,898 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| 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 | $345,413 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $27,219 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $400 |
| Fees for services: Accounting | $2,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,192 |
| Advertising and promotion | $0 |
| Office expenses | $14,529 |
| Information technology | $2,996 |
| Royalties | $0 |
| Occupancy | $119,251 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,241 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,830 |
| Insurance | $6,999 |
| All other expenses | $10,258 |
| Total functional expenses | $596,731 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $338,189 |
| Savings and temporary cash investments | $21,679 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,493 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $41,748 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $408,109 |
| Accounts payable and accrued expenses | $5,530 |
| Grants payable | $0 |
| Deferred revenue | $3,300 |
| 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 | $34 |
| Total liabilities | $8,864 |
| Net assets without donor restrictions | $399,245 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $408,109 |