Valley Inquiry Charter School
- Assets
- $917.8k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 23
- Location
- Salem, OR
- Founding
- 09/2005
- Data as of
- 06/2022
- EIN
- 38-3709149
Organization Overview
Valley Inquiry Charter School is located in Salem, OR. 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 06/2022, Valley Inquiry Charter School employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley Inquiry Charter 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 06/2022, Valley Inquiry Charter School generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $1.8m during the year ending 06/2022. While expenses have increased by 8.8% 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
TO PROVIDE A PRIMARY SCHOOL WHERE CHILDREN OF ALL BACKGROUNDS AND ABILITIES CAN SHARE IN THE JOY OF DISCOVERY EACH DAY; ACQUIRE THE SKILLS TO APPROACH NEW PROBLEMS THOUGHTFULLY AND CREATIVELY; DEVELOP AN APPRECIATION AND UNDERSTANDING OF OTHER CULTURES AND TRADITIONS; AND BE ACTIVELY ENGAGED IN THEIR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VALLEY INQUIRY CHARTER SCHOOL IS AN AUTHORIZED IB WORLD SCHOOL, OFFERING A UNIQUE, INNOVATIVE, AND INQUIRY-BASED LEARNING EXPERIENCE FOR 208 STUDENTS IN GRADES K-6. ITS STAFF INCLUDES 11 TEACHERS AND 4 EDUCATIONAL ASSISTANTS WHO WORK TO CHALLENGE OUR STUDENTS TO BE PRINCIPLED, CARING, AND THINKERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Rohse Board President & Chair | OfficerTrustee | 1.5 | $0 |
Bj Foster Vice Chair | OfficerTrustee | 1.5 | $0 |
James Carter Treasurer | OfficerTrustee | 1.5 | $0 |
Carol Topaz Ending 52022 Secretary | OfficerTrustee | 1 | $0 |
Ken Slough Member-At-Large | Trustee | 0.5 | $0 |
Matthew Reynolds Member-At-Large | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $351,125 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,745 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $354,870 |
| Total Program Service Revenue | $1,688,905 |
| Investment income | $1,503 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$195,744 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,849,534 |
| 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. | $163,922 |
| Compensation of current officers, directors, key employees. | $163,922 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $347,624 |
| Pension plan accruals and contributions | $80,530 |
| Other employee benefits | $0 |
| Payroll taxes | $30,943 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $894,204 |
| Advertising and promotion | $0 |
| Office expenses | $40,722 |
| Information technology | $35,288 |
| Royalties | $0 |
| Occupancy | $48,737 |
| Travel | $1,629 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,926 |
| Insurance | $9,731 |
| All other expenses | $8,827 |
| Total functional expenses | $1,806,381 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $706,335 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $122,461 |
| 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 | $15,270 |
| Net Land, buildings, and equipment | $73,756 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $917,822 |
| Accounts payable and accrued expenses | $27,658 |
| 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 | $27,658 |
| Net assets without donor restrictions | $0 |
| 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 | $73,756 |
| Retained earnings, endowment, accumulated income, or other funds | $816,408 |
| Total liabilities and net assets/fund balances | $917,822 |