Village Tech Schools
- Assets
- $33.6m
- Revenue
- $14.7m
- Investments
- $0.0
- Employees
- 190
- Location
- Duncanville, TX
- Founding
- 10/2012
- Data as of
- 08/2023
- 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 08/2023, Village Tech Schools employed 190 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 08/2023, Village Tech Schools generated $14.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $14.6m during the year ending 08/2023. While expenses have increased by 12.0% 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
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 | $133,841 |
Robert G Johansen Asst Super | Officer | 50 | $117,667 |
Justin R Gobert Vice Chairman | OfficerTrustee | 1 | $0 |
Joshua Nason Chairman | OfficerTrustee | 1 | $0 |
Kendall Hill Board Member | Trustee | 1 | $0 |
Amanda Wyatt Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mobile Modular Modular Buildings | 8/30/23 | $760,299 |
Wra Architects Architect Services | 8/30/23 | $488,796 |
Dynamic Support Solutions Financial Services | 8/30/23 | $261,500 |
Clean It Fix It Build It Janitorial Services | 8/30/23 | $263,256 |
Renaissance Institute It Support | 8/30/23 | $159,002 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,167,636 |
| 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 | $14,167,636 |
| Total Program Service Revenue | $484,980 |
| 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 | $14,652,616 |
| 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. | $286,114 |
| Compensation of current officers, directors, key employees. | $200,280 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,396,809 |
| Pension plan accruals and contributions | $400,566 |
| Other employee benefits | $386,958 |
| Payroll taxes | $119,814 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $51,054 |
| 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 | $1,450,796 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $884,655 |
| Travel | $38,552 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,570,277 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $763,104 |
| Insurance | $166,007 |
| All other expenses | $0 |
| Total functional expenses | $14,628,997 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,841,766 |
| Savings and temporary cash investments | $1,635,236 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,167,422 |
| 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 | $96,805 |
| Net Land, buildings, and equipment | $24,790,953 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $80,371 |
| Total assets | $33,612,553 |
| Accounts payable and accrued expenses | $821,734 |
| Grants payable | $0 |
| Deferred revenue | $20,388 |
| Tax-exempt bond liabilities | $25,625,947 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $442,413 |
| Unsecured mortgages and notes payable | $2,000,000 |
| Other liabilities | $83,279 |
| Total liabilities | $28,993,761 |
| Net assets without donor restrictions | $1,594,362 |
| Net assets with donor restrictions | $3,024,430 |
| 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 | $33,612,553 |