Vanguard College Preparatory School
- Assets
- $4.4m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 36
- Location
- Waco, TX
- Founding
- 04/1975
- Data as of
- 07/2021
- EIN
- 74-1815978
Organization Overview
Vanguard College Preparatory School is located in Waco, TX. The organization was established in 1975. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 07/2021, Vanguard College Preparatory School employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vanguard College Preparatory School 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 07/2021, Vanguard College Preparatory School generated $4.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $3.8m during the year ending 07/2021. While expenses have increased by 0.2% 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
VANGUARD COLLEGE PREPARATORY SCHOOL IS A NON-PAROCHIAL, INDEPENDENT SCHOOL THAT PREPARES STUDENTS FOR ACADEMIC SUCCESS AND FULFILLING LIVES. THE FOUNDATION OF THE VANGUARD EXPERIENCE IS BASED ON THE CORE VALUES-RIGOR, RESPONSIBILITY AND RESPECT. THE COMMUNITY OF VANGUARD STUDENTS, FACULTY, ADMINISTRATORS AND PARENTS IS COMMITTED TO A PERSONALIZED LEARNING EXPERIENCE THAT PREPARES EACH STUDENT TO EXCEL AT THE COLLEGIATE LEVEL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF COLLEGE PREPATORY SCHOOL FOR GRADES 7 THROUGH 12. DURING THE 2020-2021 SCHOOL YEAR, VANGUARD PROVIDED EDUCATIONAL SERVICES TO 242 STUDENTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Borg Head Of School | Officer | 40 | $141,211 |
Christy Holze Vice Chairman | OfficerTrustee | 2 | $0 |
Matt Morrison Treasurer | OfficerTrustee | 2 | $0 |
Mike Raymond Past Chairperson | OfficerTrustee | 2 | $0 |
Shanna Mattson Chairperson | OfficerTrustee | 2 | $0 |
Susan Dossett Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $37,380 |
| Related organizations | $0 |
| Government grants | $316,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $110,752 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $464,132 |
| Total Program Service Revenue | $3,759,977 |
| Investment income | $1,440 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $200 |
| Net Gain/Loss on Asset Sales | $4,515 |
| Net Income from Fundraising Events | $57,633 |
| Net Income from Gaming Activities | $1,873 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,289,770 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,077,640 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $141,211 |
| Compensation of current officers, directors, key employees. | $141,211 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,392,119 |
| Pension plan accruals and contributions | $96,536 |
| Other employee benefits | $3,308 |
| Payroll taxes | $113,440 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,955 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $591 |
| Advertising and promotion | $17,448 |
| Office expenses | $0 |
| Information technology | $59,117 |
| Royalties | $0 |
| Occupancy | $139,150 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $62,842 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $154,175 |
| Insurance | $0 |
| All other expenses | $68,504 |
| Total functional expenses | $3,812,471 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $948,345 |
| Savings and temporary cash investments | $119,064 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $97,851 |
| 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 | $18,907 |
| Net Land, buildings, and equipment | $3,094,184 |
| Investments—publicly traded securities | $17,766 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $86,120 |
| Total assets | $4,382,237 |
| Accounts payable and accrued expenses | $125,266 |
| Grants payable | $0 |
| Deferred revenue | $925,222 |
| 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 | $1,456,153 |
| Unsecured mortgages and notes payable | $45,000 |
| Other liabilities | $12,093 |
| Total liabilities | $2,563,734 |
| Net assets without donor restrictions | $1,818,503 |
| 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 | $4,382,237 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Vanguard College Preparatory School has recieved totaling $1,100.
| Awarding Organization | Amount |
|---|---|
Margaret C B & S Spencer N Brown Foundation Inc Temple, TX PURPOSE: CHARITABLE CONTRIBUTION TO PUBLIC CHARITY | $1,100 |
Endowment Analysis
| Beg. Balance | $69,302 |
| Earnings | $17,409 |
| Admin Expense | $591 |
| Ending Balance | $86,120 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Santa Fe Preparatory School Santa Fe, NM | $79,113,849 | $36,111,805 |
Thaden School Bentonville, AR | $79,028,915 | $15,891,102 |
Academics Plus Charter Schools Inc Maumelle, AR | $7,409,476 | $15,799,644 |
Marine Military Academy Inc Harlingen, TX | $47,303,872 | $14,319,783 |
South Texas Educational Technologies Inc Weslaco, TX | $17,267,724 | $15,758,985 |
Akibayavneh Academy Dallas, TX | $13,685,007 | $15,057,848 |
Navajo Preparatory School Inc Farmington, NM | $37,567,327 | $9,309,197 |
Student Alternatives Program Incorporated San Antonio, TX | $19,593,024 | $15,118,019 |
Braination Inc San Antonio, TX | $31,349,196 | $17,109,722 |
Bosque School Albuquerque, NM | $33,698,643 | $13,258,557 |
The Academy Fayetteville, AR | $10,084,024 | $11,745,768 |
Winfree Academy Charter School Carrollton, TX | $12,943,663 | $11,352,122 |