Village Tech Schools
- Assets
- $32.3m
- Revenue
- $14.8m
- Investments
- $0.0
- Employees
- 167
- Location
- Duncanville, TX
- Founding
- 10/2012
- Data as of
- 08/2022
- EIN
- 45-5607359
Organization Overview
Village Tech Schools is located in Duncanville, TX. The organization was established in 2012. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 08/2022, Village Tech Schools employed 167 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Village Tech 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 08/2022, Village Tech Schools generated $14.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $14.0m during the year ending 08/2022. While expenses have increased by 13.1% 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
EDUCATE BY CREATING AN ACTIVE AND IMMERSIVE LEARNING ENVIRONMENT THAT EMPOWERS STUDENTS TO BECOME CREATIVE, PROBLEM-SOLVING LEADERS OF CHARACTER WHO ARE PREPARED TO TAKE ON REAL-WORLD CHALLENGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATIONS OF SCHOOLS FOR THE EDUCATION OF STUDENTS USING INDIVIDUALIZED CURRICULUM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David L Williams Ceo/super | Officer | 50 | $129,275 |
Robert G Johansen Asst Super | Officer | 50 | $115,583 |
Justin R Gobert Vice Chairman | OfficerTrustee | 1 | $0 |
Joshua Nason Chairman | OfficerTrustee | 1 | $0 |
Martha Fernandez Secretary | OfficerTrustee | 1 | $0 |
Joli Angel Robinson Asst. Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mobile Modular Modular Buildings | 8/30/22 | $602,909 |
Dynamic Support Solutions Financial Services | 8/30/22 | $255,670 |
Preferred Meals Systems Food Service | 8/30/22 | $168,068 |
Enriched Schools Substitute Teachers | 8/30/22 | $175,395 |
Renaissance Institute It Support | 8/30/22 | $125,941 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,487,769 |
| 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 | $14,487,769 |
| Total Program Service Revenue | $297,604 |
| Investment income | $0 |
| 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 | $14,785,373 |
| 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. | $255,899 |
| Compensation of current officers, directors, key employees. | $179,129 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,461,785 |
| Pension plan accruals and contributions | $281,962 |
| Other employee benefits | $324,399 |
| Payroll taxes | $102,265 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $40,434 |
| Fees for services: Accounting | $19,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,524,827 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $991,590 |
| Travel | $55,814 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,540,164 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $756,817 |
| Insurance | $122,547 |
| All other expenses | $0 |
| Total functional expenses | $13,982,239 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,902,917 |
| Savings and temporary cash investments | $1,525,397 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,624,100 |
| 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 | $44,391 |
| Net Land, buildings, and equipment | $25,194,117 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $32,290,922 |
| Accounts payable and accrued expenses | $1,141,708 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $26,082,928 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $471,113 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $27,695,749 |
| Net assets without donor restrictions | $1,109,382 |
| Net assets with donor restrictions | $3,485,791 |
| 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 | $32,290,922 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Village Tech Schools has recieved totaling $64,358.
| Awarding Organization | Amount |
|---|---|
Bellwether Education Partners Inc Sudbury, MA PURPOSE: TO COMPENSATE ORGANIZATIONS, IN PART, FOR THE TIME THEIR STAFF WILL NEED TO DEDICATE TO ENGAGE IN THE TEA CHARTER SCHOOL INCUBATOR REPLICATION/EXPANSION PROGRAM | $40,000 |
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $23,803 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $480 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $75 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Education Service Center Region Xii Of Texas Waco, TX | $21,686,581 | $37,093,935 |
New Meridian Corporation Austin, TX | $22,335,966 | $20,374,244 |
Belle Chasse Academy Inc Belle Chasse, LA | $29,416,847 | $17,545,847 |
Village Tech Schools Duncanville, TX | $32,290,922 | $14,785,373 |
Bexar County Performing Arts Center Foundation San Antonio, TX | $183,646,136 | $8,087,390 |
Leading Educators Inc New Orleans, LA | $10,160,201 | $9,461,961 |
Hispanic Association Of Colleges And Universities San Antonio, TX | $14,909,180 | $14,551,149 |
Passages America Israel Inc Allen, TX | $8,997,691 | $7,060,714 |
Extend-A-Care Inc Austin, TX | $4,350,683 | $9,102,758 |
Educate Girls Austin, TX | $42,960,470 | $14,126,525 |
Evolution Acadamy Richardson, TX | $15,542,643 | $6,925,248 |
Oklahoma Public School Resource Center Inc Oklahoma City, OK | $4,660,216 | $8,536,647 |