Valiant Cross Academy
- Assets
- $669.4k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 10
- Location
- Montgomery, AL
- Founding
- 06/2016
- Data as of
- 08/2018
- EIN
- 47-4610443
Organization Overview
Valiant Cross Academy is located in Montgomery, AL. The organization was established in 2016. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 12/2016, Valiant Cross Academy employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valiant Cross Academy 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 08/2018, Valiant Cross Academy generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 35.1% each year . All expenses for the organization totaled $1.1m during the year ending 08/2018. While expenses have increased by 40.6% per year over the past 4 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
ESTABLISH, MAINTAIN, AND OPERATE A MODERN PRIVATE SCHOOL IN WHICH PUPILS WILL BE TAUGHT AND TRAINED IN ALL PROPER AND REQUIRED SCHOLASTIC, ACADEMIC, LITERARY AND SCIENTIFIC SUBJECTS FROM GRADE 6 THROUGH GRADE 12. VALIANT CROSS ACADEMY WILL PROVIDE EDUCATION SERVICES THAT INCLUDE: ACADEMIC INSTRUCTION AND EVALUATION, EXPOSURE TO THE ARTS, COMMUNITY INVOLVEMENT AND ATHLETIC TRAINING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ESTABLISH, MAINTAIN, AND OPERATE A MODERN PRIVATE SCHOOL IN WHICH PUPILS WILL BE TAUGHT AND TRAINED IN ALL PROPER AND REQUIRED SCHOLASTIC, ACADEMIC, LITERARY AND SCIENTIFIC SUBJECTS FROM GRADE 6 THROUGH GRADE 12. VALIANT CROSS ACADEMY WILL PROVIDE EDUCATION SERVICES THAT INCLUDE: ACADEMIC INSTRUCTION AND EVALUATION, EXPOSURE TO THE ARTS, COMMUNITY INVOLVEMENT AND ATHLETIC TRAINING.
RECEIVE AND ADMINISTER FUNDS FOR SCIENTIFIC, EDUCATIONAL, AND CHARITABLE PURPOSES AND TO THAT END TO TAKE AND HOLD BY BEQUEST, DEVISE, GIFT, GRANT, PURCHASE, LEASE OR OTHERWISE, EITHER ABSOLUTELY OR JOINTLY WITH ANY OTHER PERSON, PERSONS, OR CORPORATION, ANY PROPERTY, REAL, PERSONAL, TANGIBLE, OR INTANGIBLE, OR ANY UNDIVIDED INTEREST THEREIN, WITHOUT LIMITATION AS TO AMOUNT OR VALUE. APPLY FROM TIME TO TIME THE PRINCIPAL THEREOF AND THE INCOME THEREFROM EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, SCIENTIFIC, LITERARY, CULTURAL, OR EDUCATIONAL PURPOSES BY SUCH AGENCIES.
APPLY FROM TIME TO TIME THE PRINCIPAL THEREOF AND THE INCOME THEREFROM EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, SCIENTIFIC, LITERARY, CULTURAL, OR EDUCATIONAL PURPOSES BY SUCH AGENCIES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Welch Jr President | OfficerTrustee | 1 | $0 |
Chase Fisher Vice President | OfficerTrustee | 1 | $0 |
Benjamin Blanchard Secretary | OfficerTrustee | 1 | $0 |
Wa Williamson Jr Director | Trustee | 1 | $0 |
Laurie Jean Weil Director | Trustee | 1 | $0 |
Marvin D Smith Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $938,298 |
| Investment income | $34 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $299 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,437,334 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $724,038 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $71,409 |
| Payroll taxes | $54,200 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,144 |
| Advertising and promotion | $10,268 |
| Office expenses | $12,900 |
| Information technology | $12,783 |
| Royalties | $0 |
| Occupancy | $29,374 |
| Travel | $784 |
| 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 | $41,198 |
| Insurance | $14,729 |
| All other expenses | $41,982 |
| Total functional expenses | $1,109,687 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $165,790 |
| Savings and temporary cash investments | $254,676 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 |
| Investments—publicly traded securities | $1,065 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $669,397 |
| Accounts payable and accrued expenses | $427 |
| 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 | $0 |
| Total liabilities | $427 |
| 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 |
| Total liabilities and net assets/fund balances | $668,970 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Valiant Cross Academy has recieved totaling $36,634.
| Awarding Organization | Amount |
|---|---|
Education Freedom Alabama Birmingham, AL PURPOSE: Provide access to quality education | $36,634 |
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|---|---|---|
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Savannah Christian Preparatory School Inc Savannah, GA | $28,769,990 | $18,697,901 |
Saint Edwards School Vero Beach, FL | $54,149,022 | $17,250,987 |
Capstone Education Group Inc Memphis, TN | $24,521,664 | $20,250,688 |
Republic Schools Inc Jackson, MS | $19,525,941 | $20,988,573 |
Strong Rock Christian School Inc Locust Grove, GA | $18,179,980 | $18,285,975 |
Fellowship Christian School Inc Roswell, GA | $48,536,188 | $18,034,878 |
St Pauls Episcopal School Mobile, AL | $26,189,566 | $16,422,172 |
Dubois Integrity Academy Inc Riverdale, GA | $36,435,666 | $18,797,787 |
William Monroe Rowlett Academy For Arts And Communication Bradenton, FL | $11,754,381 | $15,312,169 |