Vanguard School Of Lake Wales Florida Inc
- Assets
- $8.2m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 67
- Location
- Lake Wales, FL
- Founding
- 10/1983
- Data as of
- 06/2022
- EIN
- 59-2298398
Organization Overview
Vanguard School Of Lake Wales Florida Inc is located in Lake Wales, FL. The organization was established in 1983. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Vanguard School Of Lake Wales Florida Inc employed 67 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vanguard School Of Lake Wales Florida 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 06/2022, Vanguard School Of Lake Wales Florida Inc generated $6.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $5.6m during the year ending 06/2022. While expenses have increased by 0.9% per year over the past 7 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
AN INDEPENDENT, CO-EDUCATIONAL, BOARDING AND DAY SCHOOL FOR STUDENTS WHO LEARN DIFFERENTLYVANGUARD STRIVES TO ENSURE EACH STUDENT ASPIRES TO HIGHER EDUCATIONAL OPPORTUNITIES AND INDEPENDENT LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Phillips Chair | OfficerTrustee | 0.5 | $0 |
Charles Baldwin Vice Chair | OfficerTrustee | 0.5 | $0 |
Susan Craig Secretary | OfficerTrustee | 0.5 | $0 |
Victor Story Treasurer | OfficerTrustee | 0.5 | $0 |
George Andrews Trustee | Trustee | 0.5 | $0 |
Robert Fine Trustee | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sage Dining Services Food Service | 6/29/20 | $472,073 |
Hunt Contruction Building Renovations | 6/29/20 | $196,958 |
Capo Security Security System Install | 6/29/20 | $107,140 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $839,256 |
| Government grants | $35,781 |
| All other contributions, gifts, grants, and similar amounts not included above | $591,955 |
| Noncash contributions included in lines 1a–1f | $464,256 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,466,992 |
| Total Program Service Revenue | $4,494,406 |
| Investment income | $129 |
| 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 | $5,976,343 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,354,347 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $224,667 |
| Compensation of current officers, directors, key employees. | $51,674 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,775,455 |
| Pension plan accruals and contributions | $45,634 |
| Other employee benefits | $182,346 |
| Payroll taxes | $160,616 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $170 |
| Fees for services: Accounting | $44,186 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,787 |
| Fees for services: Other | $428,210 |
| Advertising and promotion | $76,712 |
| Office expenses | $48,546 |
| Information technology | $107,637 |
| Royalties | $0 |
| Occupancy | $363,486 |
| Travel | $37,591 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $33,168 |
| Interest | $18,215 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $430,949 |
| Insurance | $162,866 |
| All other expenses | $17,451 |
| Total functional expenses | $5,569,888 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,672 |
| Savings and temporary cash investments | $281,318 |
| Pledges and grants receivable | $250,000 |
| Accounts receivable, net | $0 |
| 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 | $84,666 |
| Net Land, buildings, and equipment | $5,345,988 |
| Investments—publicly traded securities | $2,201,634 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,238,278 |
| Accounts payable and accrued expenses | $271,024 |
| Grants payable | $0 |
| Deferred revenue | $208,404 |
| 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 | $24,815 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $393 |
| Total liabilities | $504,636 |
| Net assets without donor restrictions | $7,272,561 |
| Net assets with donor restrictions | $461,081 |
| 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 | $8,238,278 |