Valley Life Charter Schools
- Assets
- $4.1m
- Revenue
- $8.3m
- Investments
- $0.0
- Employees
- 157
- Location
- Visalia, CA
- Founding
- 11/2011
- Data as of
- 06/2022
- EIN
- 45-1511137
Organization Overview
Valley Life Charter Schools is located in Visalia, CA. The organization was established in 2011. 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 Life Charter Schools employed 157 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley Life Charter Schools 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 Life Charter Schools generated $8.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $8.3m during the year ending 06/2022. While expenses have increased by 7.1% 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
EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING EDUCATION FOR STUDENTS THROUGH PUBLIC CHARTER SCHOOL PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori Lackey Superintendent | Officer | 40 | $117,283 |
David Humerickhouse DDS Vice President | OfficerTrustee | 2 | $0 |
Vanessa Bailey Member | Trustee | 2 | $0 |
Terri Martindale President | OfficerTrustee | 2 | $0 |
Alicia Zayas Member | Trustee | 2 | $0 |
Jessica Gocke Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,276,357 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,276,357 |
| Total Program Service Revenue | $2,518 |
| Investment income | -$71,910 |
| 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 | $8,329,350 |
| 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. | $124,993 |
| Compensation of current officers, directors, key employees. | $124,993 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,104,948 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $874,248 |
| Payroll taxes | $942,404 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $692,148 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,749 |
| Interest | $617 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,815 |
| Insurance | $52,747 |
| All other expenses | $402,107 |
| Total functional expenses | $8,273,013 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,774,731 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,037,208 |
| 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 | $308,358 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,120,297 |
| Accounts payable and accrued expenses | $1,368,293 |
| 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 | $99,981 |
| Total liabilities | $1,468,274 |
| Net assets without donor restrictions | $2,259,725 |
| Net assets with donor restrictions | $392,298 |
| 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 | $4,120,297 |