Victory College Prep Inc
- Assets
- $19.2m
- Revenue
- $18.0m
- Investments
- $0.0
- Employees
- 142
- Location
- Indianapolis, IN
- Founding
- 02/2005
- Data as of
- 06/2023
- EIN
- 20-1738905
Organization Overview
Victory College Prep Inc, operating under the name Victory College Prep, is located in Indianapolis, IN. The organization was established in 2005. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2023, Victory College Prep employed 142 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Victory College Prep 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 06/2023, Victory College Prep generated $18.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $14.7m during the year ending 06/2023. While expenses have increased by 3.1% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR APPROACH IS TO ENSURE ACADEMIC SUCCESS BY INCREASING INSTRUCTIONAL TIME, SMALL CLASS SIZES, AND PROVIDING AN ACADEMIC FOUNDATION. OUR CORE VALUES ARE PERSEVERANCE, COMMUNICATION, COLLABORATION, AND CRITICAL THINKING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VCP WAS 1 OF 3 SCHOOLS IN CENTER TOWNSHIP TO INCREASE ELA PROFICIENCY ON ILEARN 5% OR MORE 2 YEARS IN A ROW, AND 1 OF 11 SCHOOLS TO INCREASE MATH PROFICIENCY ON ILEARN 5% OR MORE 2 YEARS IN A ROW.
VCP IS RANKED 12TH OF ALL 22 SCHOOLS IN CENTER TOWNSHIP FOR SAT SCORES, HAS A 98% GRADUATION RATE, AND 100% OF GRADUATES HAVE CCR DESIGNATION.
SCORES ON ILEARN SHOW VCP HAS THE 3RD HIGHEST EL STUDENT PROFICIENCY, 6TH HIGHEST HISPANIC STUDENT PROFICIENCY, 7TH HIGHEST BLACK STUDENT PROFICIENCY, AND THE 8TH HIGHEST FREE-AND-REDUCED-LUNCH STUDENT PROFICIENCY IN CENTER TOWNSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Gall Executive Director | Officer | 40 | $172,919 |
Kim Randall K-6 Principal | 40 | $121,281 | |
Jess Monk Chief Operating Officer | Officer | 40 | $110,379 |
Chelsea Easter 7-12 Principal | 40 | $107,439 | |
Molly Craft President | OfficerTrustee | 1 | $0 |
Kara Masterson Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Yojan Carpet Cleaning Carpet Cleaning And Installation | 6/29/22 | $161,275 |
Lavinia Group Education Services | 6/29/22 | $120,096 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $17,738,491 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,648 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,766,139 |
| Total Program Service Revenue | $112,889 |
| Investment income | $58,514 |
| 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 | $17,997,642 |
| 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. | $540,638 |
| Compensation of current officers, directors, key employees. | $78,666 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,138,345 |
| Pension plan accruals and contributions | $206,204 |
| Other employee benefits | $849,125 |
| Payroll taxes | $559,085 |
| Fees for services: Management | $57,175 |
| Fees for services: Legal | $6,837 |
| Fees for services: Accounting | $84,649 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $273,436 |
| Advertising and promotion | $19,337 |
| Office expenses | $387,621 |
| Information technology | $140,319 |
| Royalties | $0 |
| Occupancy | $799,175 |
| Travel | $4,865 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $633,196 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $689,680 |
| Insurance | $0 |
| All other expenses | $185,676 |
| Total functional expenses | $14,716,919 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,222,661 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $504,047 |
| 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 | $0 |
| Net Land, buildings, and equipment | $10,352,497 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,102,026 |
| Total assets | $19,181,231 |
| Accounts payable and accrued expenses | $1,009,782 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $12,796,131 |
| 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 | $809,875 |
| Total liabilities | $14,615,788 |
| Net assets without donor restrictions | $4,565,443 |
| 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 | $19,181,231 |