Valor Collegiate Academies
- Assets
- $51.7m
- Revenue
- $33.7m
- Investments
- $0.0
- Employees
- 269
- Location
- Nashville, TN
- Founding
- 06/2014
- Data as of
- 06/2022
- EIN
- 46-1413472
Organization Overview
Valor Collegiate Academies is located in Nashville, TN. The organization was established in 2014. 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, Valor Collegiate Academies employed 269 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valor Collegiate Academies 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, Valor Collegiate Academies generated $33.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.0% each year . All expenses for the organization totaled $29.6m during the year ending 06/2022. While expenses have increased by 26.8% 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
WE EXIST TO EMPOWER OUR DIVERSE COMMUNITY TO LIVE INSPIRED, PURPOSEFUL LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VALOR COLLEGIATE ACADEMIES OPERATES TWO CHARTER SCHOOLS IN SOUTH NASHVILLE, VALOR FLAGSHIP ACADEMY AND VALOR VOYAGER ACADEMY. FOR THE 2021-2022 SCHOOL YEAR, VALOR SERVED APPROXIMATELY 1,900 5TH THROUGH 12TH GRADE SCHOLARS. VALOR BELIEVES THAT IN ORDER TO LIVE INSPIRED, PURPOSEFUL LIVES SCHOLARS MUST DEVELOP SHARP MINDS, BIG HEARTS, A NOBLE PURPOSE, AND ALIGNED ACTIONS. BY HARNESSING THE POWER OF DIVERSITY, VALOR TEACHES SCHOLARS ABOUT THE VALUE OF PERSPECTIVE, REGARDLESS OF BACKGROUND THROUGH A BALANCE OF ACADEMIC RIGOR SOCIAL-EMOTIONAL DEVELOPMENT, FROM THE 1:1 LAPTOP TECHNOLOGY PROGRAM TO EXPEDITIONS TO MENTOR GROUPS TO USE THE VALOR COMPASS THROUGHOUT, VALOR TEACHERS AND STAFF GUIDE SCHOLARS TO ACHIEVEMENT IN ALL SUBJECT AREAS, AND TOWARD LIVING PURPOSEFUL, INSPIRED LIVES. VALOR TEACHERS AND STAFF ARE THE BEST OF THE BEST - COMMITTED TO CONSTANTLY REFINING THEIR OWN SKILLS AND MEETING SCHOLARS WHERE THEY ARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brandi Kellett Chair | OfficerTrustee | 2 | $0 |
Michael Harmon Secretary | OfficerTrustee | 2 | $0 |
Matt Nicholson Treasurer | OfficerTrustee | 2 | $0 |
Justin Testerman Treasurer | OfficerTrustee | 2 | $0 |
Samar Ali Director | Trustee | 2 | $0 |
Malika Anderson Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gray Lines Of Tennessee School Bus Transportation | 6/29/22 | $424,208 |
Transcend Inc Curriculum/programming | 6/29/22 | $289,000 |
Interstate Ac Service Maintenance | 6/29/22 | $272,055 |
University Of Virginia Research And Development | 6/29/22 | $207,311 |
Assigned To Shine Janitorial Services | 6/29/22 | $238,752 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $31,748,695 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,192,821 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,941,516 |
| Total Program Service Revenue | $690,761 |
| Investment income | $28,160 |
| 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 | $33,685,362 |
| 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. | $410,872 |
| Compensation of current officers, directors, key employees. | $39,435 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,031,212 |
| Pension plan accruals and contributions | $264,595 |
| Other employee benefits | $2,127,311 |
| Payroll taxes | $1,139,039 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $119,993 |
| Fees for services: Accounting | $174,091 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,063,883 |
| Advertising and promotion | $37,577 |
| Office expenses | $0 |
| Information technology | $313,148 |
| Royalties | $0 |
| Occupancy | $403,304 |
| Travel | $114,982 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,481,673 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,462,035 |
| Insurance | $178,164 |
| All other expenses | $2,086,179 |
| Total functional expenses | $29,564,439 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,729 |
| Savings and temporary cash investments | $9,068,561 |
| Pledges and grants receivable | $3,171,441 |
| Accounts receivable, net | $1,876,589 |
| 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 | $57,673 |
| Net Land, buildings, and equipment | $33,429,132 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,015,089 |
| Total assets | $51,710,214 |
| Accounts payable and accrued expenses | $1,061,306 |
| Grants payable | $0 |
| Deferred revenue | $945 |
| 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 | $29,579,700 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,920,328 |
| Total liabilities | $33,562,279 |
| Net assets without donor restrictions | $13,251,884 |
| Net assets with donor restrictions | $4,896,051 |
| 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 | $51,710,214 |