Victory Project
- Assets
- $1.6m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 76
- Location
- Dayton, OH
- Founding
- 10/2008
- Data as of
- 12/2022
- EIN
- 26-2243366
Organization Overview
Victory Project is located in Dayton, OH. The organization was established in 2008. According to its NTEE Classification (I40) the organization is classified as: Rehabilitation Services for Offenders, under the broad grouping of Crime & Legal-Related and related organizations. As of 12/2022, Victory Project employed 76 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Victory Project 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 12/2022, Victory Project generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.3% each year . All expenses for the organization totaled $906.2k during the year ending 12/2022. While expenses have increased by 14.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
EMPOWER YOUTH TO DISCOVER THE LIFE GOD INTENDED BY MASTERING SELF-AWARENESS, SELF-SUFFICIENCY AND SELFLESS SERVICE WHILE TEARING DOWN THE PILLARS OF POVERTY, ALL WITHOUT GOVERNMENT FUNDING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE VICTORY PROJECT CURRICULUM IS BASED ON THE 3E CURRICULUM: EDUCATION - THIS PIECE OF THE CURRICULUM INVOLVES DAILY ACCESS AND REVIEW OF STUDENTS' SCHOOL RECORDS AND WORK, WEEKLY HOMEWORK, AND STUDY HALL ASSISTANCE. THE VICTORY PROJECT BECOMES AN EDUCATIONAL ADVOCATE AND ACCOUNTABILITY PARTNER FOR STUDENTS, PARENTS, AND TEACHERS. ENTREPRENEURSHIP - STUDENTS GET WORK EXPERIENCE AND LEARN THE VALUE OF EARNING MONEY BY WORKING AT THE VICTORY PROJECT'S SMALL BUSINESS, VICTORY IMPROVEMENT PROJECTS (VIP), BUT LEARNING ABOUT WORK IS A REWARD. STUDENTS MUST HIT CERTAIN GOALS TO BE ELIGIBLE TO WORK. WORK-ETHIC DEVELOPMENT PRECEDES WORKFORCE DEVELOPMENT. ENLIGHTENMENT - VICTORY PROJECT PROVIDES 'OVERALL GENTLEMEN' CHARACTER DEVELOPMENT COURSES, BIBLE STUDY, WORSHIP, RECREATION, AND NIGHTLY DINNERS. THE VICTORY PROJECT IS OPEN YEAR-ROUND, EVEN ON HOLIDAYS, EARNING IT THE PRIVILEGE OF BEING HEARD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bud Hauser Board President | OfficerTrustee | 2 | $0 |
Bethany Sibbitt Board Secretary | OfficerTrustee | 2 | $0 |
Staci Morris Board Treasurer | OfficerTrustee | 2 | $0 |
Tim Ko Board Member | Trustee | 2 | $0 |
Genya Devoe Board Member | Trustee | 2 | $0 |
William Allen Board Member | Trustee | 2 | $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 | $1,227,670 |
| Noncash contributions included in lines 1a–1f | $64,938 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,227,670 |
| Total Program Service Revenue | $46,754 |
| Investment income | $126 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$764 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,273,786 |
| 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. | $142,276 |
| Compensation of current officers, directors, key employees. | $24,187 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $190,684 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $32,529 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,214 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $466 |
| Advertising and promotion | $19,598 |
| Office expenses | $9,593 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $69,716 |
| Travel | $17,925 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,215 |
| Interest | $405 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,463 |
| Insurance | $21,283 |
| All other expenses | $23,959 |
| Total functional expenses | $906,216 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $509,705 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $1,097,010 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,606,715 |
| Accounts payable and accrued expenses | $21,778 |
| 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 | $0 |
| Total liabilities | $21,778 |
| Net assets without donor restrictions | $1,450,066 |
| Net assets with donor restrictions | $134,871 |
| 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 | $1,606,715 |