Avant Garde Academy Inc
- Assets
- $933.2k
- Revenue
- $6.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Kissimmee, FL
- Founding
- 08/2014
- Data as of
- 06/2023
- EIN
- 46-2354815
Organization Overview
Avant Garde Academy Inc, operating under the name Victory Charter School (6-12), is located in Kissimmee, FL. The organization was established in 2014. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Victory Charter School (6-12) 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 06/2023, Victory Charter School (6-12) generated $6.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.7%) each year. All expenses for the organization totaled $6.7m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (9.2%) per year over the past 8 years. 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
VICTORY CHARTER SCHOOLS WILL PROVIDE A STUDENT-CENTERED LEARNING ENVIRONMENT THAT DEVELOPS THE WHOLE CHILD AND PROVIDES THEM WITH THE 21ST-CENTURY SKILLS TO BECOME RESPONSIBLE LEADERS IN THEIR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VICTORY CHARTER SCHOOLS PROVIDES EDUCATION SERVICES TO STUDENTS FROMGRADES 6TH THROUGH 12TH GRADE IN OSCEOLA COUNTY.
VICTORY CHARTER SCHOOLS PROVIDES EDUCATION SERVICES TO STUDENTS FROMSIXTH THROUGH TWELFTH GRADE IN BROWARD COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elaine Perez Chair | OfficerTrustee | 1 | $0 |
Antonio Cejas Treasurer | OfficerTrustee | 1 | $0 |
Nabin Timilsina Vice Chair | OfficerTrustee | 1 | $0 |
Erin Anding Member | Trustee | 1 | $0 |
Yesenia Clauia Parent Contact | Trustee | 1 | $0 |
Mark Viera Principal | Officer | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mg3 Dixie Llc Lease/landlord | 6/29/20 | $2,409,492 |
Kingsbridge Holdings Llc Leasing Services | 6/29/20 | $173,619 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $6,299,372 |
| 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 | $6,397,636 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,287,930 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $383,913 |
| Payroll taxes | $242,055 |
| 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 | $934,401 |
| Advertising and promotion | $0 |
| Office expenses | $412,970 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $228,778 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $15,282 |
| All other expenses | $0 |
| Total functional expenses | $6,655,353 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $192,978 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $358,638 |
| 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 | $366,998 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,635 |
| Total assets | $933,249 |
| Accounts payable and accrued expenses | $250,241 |
| 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 | $273,659 |
| Total liabilities | $523,900 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $409,349 |
| Total liabilities and net assets/fund balances | $933,249 |