Vanguard School Of Lake Wales Florida Inc
- Assets
- $9.3m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 56
- Location
- Lake Wales, FL
- Founding
- 10/1983
- Data as of
- 06/2021
- EIN
- 59-2298398
Organization Overview
Vanguard School Of Lake Wales Florida Inc is located in Lake Wales, FL. The organization was established in 1983. 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 06/2021, Vanguard School Of Lake Wales Florida Inc employed 56 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vanguard School Of Lake Wales Florida Inc 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 06/2021, Vanguard School Of Lake Wales Florida Inc generated $4.7m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $5.2m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
AN INDEPENDENT, CO-EDUCATIONAL, BOARDING AND DAY SCHOOL FOR STUDENTS WHO LEARN DIFFERENTLY. VANGUARD STRIVES TO ENSURE EACH STUDENT ASPIRES TO HIGHER EDUCATIONAL OPPORTUNITIES AND INDEPENDENT LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VANGUARD OPENED ITS DOORS ON FEBRUARY 1, 1966, IN LAKE WALES, FLORIDA, TO A CLASS OF SIX STUDENTS. VANGUARD HAS GROWN INTO AN INTERNATIONALLY RECOGNIZED AND FULLY ACCREDITED INSTITUTION WITH A MAXIMUM ENROLLMENT OF 140 STUDENTS IN GRADES 6-12. WE STARTED WITH JUST ONE BUILDING, AND HAVE GROWN TO A 77-ACRE CAMPUS WITH FOUR DORMS, THREE SCHOOL BUILDINGS, A MEDIA CENTER/LIBRARY, CAFETERIA, GYM, FITNESS CENTER, PERFORMING ARTS CENTER AND MUCH MORE. SINCE 1966, THE VANGUARD SCHOOL HAS SPECIALIZED IN EDUCATING STUDENTS WITH A VARIETY OF LEARNING DIFFERENCES, IN AN ENVIRONMENT THAT ACKNOWLEDGES THEIR DIFFERENCES, CELEBRATES THEIR STRENGTHS AND SUPPORTS THEM IN OVERCOMING THEIR CHALLENGES. WE UNDERSTAND THAT EACH CHILD LEARNS DIFFERENTLY AND WE PROVIDE AN INDIVIDUALIZED EDUCATIONAL ENVIRONMENT FOR STUDENTS TO LEARN.
VANGUARD OPENED ITS DOORS ON FEBRUARY 1, 1966, IN LAKE WALES, FLORIDA, TO A CLASS OF SIX STUDENTS. VANGUARD HAS GROWN INTO AN INTERNATIONALLY RECOGNIZED AND FULLY ACCREDITED INSTITUTION WITH A MAXIMUM ENROLLMENT OF 140 STUDENTS IN GRADES 6-12. WE STARTED WITH JUST ONE BUILDING, AND HAVE GROWN TO A 77-ACRE CAMPUS WITH FOUR DORMS, THREE SCHOOL BUILDINGS, A MEDIA CENTER/LIBRARY, CAFETERIA, GYM, FITNESS CENTER, PERFORMING ARTS CENTER AND MUCH MORE. SINCE 1966, THE VANGUARD SCHOOL HAS SPECIALIZED IN EDUCATING STUDENTS WITH A VARIETY OF LEARNING DIFFERENCES, IN AN ENVIRONMENT THAT ACKNOWLEDGES THEIR DIFFERENCES, CELEBRATES THEIR STRENGTHS AND SUPPORTS THEM IN OVERCOMING THEIR CHALLENGES. WE UNDERSTAND THAT EACH CHILD LEARNS DIFFERENTLY AND WE PROVIDE AN INDIVIDUALIZED EDUCATIONAL ENVIRONMENT FOR STUDENTS TO LEARN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harold Maready Former Head Of School | Officer | 40 | $183,191 |
Lu Shannon Graves Head Of School | Officer | 40 | $102,880 |
Victor Story Jr Treasurer | OfficerTrustee | 1 | $0 |
Charles Baldwin Vice Chair | OfficerTrustee | 1 | $0 |
Peter Phillips Chair | OfficerTrustee | 1 | $0 |
Violeta Salud Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hunt Contruction Building Renovations | 6/29/20 | $196,958 |
Capo Security Security System Install | 6/29/20 | $107,140 |
Hunt Contruction Building Renovations | 6/29/20 | $196,958 |
Sage Dining Services Food Service | 6/29/20 | $472,073 |
Sage Dining Services Food Service | 6/29/20 | $472,073 |
Capo Security Security System Install | 6/29/20 | $107,140 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $348,045 |
| Government grants | $58,259 |
| All other contributions, gifts, grants, and similar amounts not included above | $319,863 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $726,167 |
| Total Program Service Revenue | $3,740,102 |
| Investment income | $81 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $400 |
| Net Gain/Loss on Asset Sales | $228,938 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,695,688 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $830,286 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $195,396 |
| Compensation of current officers, directors, key employees. | $78,158 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,753,206 |
| Pension plan accruals and contributions | $51,094 |
| Other employee benefits | $272,910 |
| Payroll taxes | $189,289 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $44,461 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,318 |
| Fees for services: Other | $459,470 |
| Advertising and promotion | $82,364 |
| Office expenses | $44,549 |
| Information technology | $34,078 |
| Royalties | $0 |
| Occupancy | $235,257 |
| Travel | $15,858 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $21,356 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $433,375 |
| Insurance | $137,339 |
| All other expenses | $0 |
| Total functional expenses | $5,167,464 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $401,560 |
| Savings and temporary cash investments | $345,362 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $49,843 |
| 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 | $92,428 |
| Net Land, buildings, and equipment | $5,637,948 |
| Investments—publicly traded securities | $2,769,270 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,296,411 |
| Accounts payable and accrued expenses | $324,059 |
| Grants payable | $0 |
| Deferred revenue | $727,152 |
| 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 | $539,414 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,184 |
| Total liabilities | $1,594,809 |
| Net assets without donor restrictions | $7,579,574 |
| Net assets with donor restrictions | $122,028 |
| 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 | $9,296,411 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Vanguard School Of Lake Wales Florida Inc has recieved totaling $108,542.
| Awarding Organization | Amount |
|---|---|
Denver Foundation Denver, CO PURPOSE: FENCE APT. UPDATE | $81,000 |
Mountain Lake Community Service Inc Lake Wales, FL PURPOSE: Charitable support | $20,000 |
Community Foundation Of New Jersey Morristown, NJ PURPOSE: GENERAL SUPPORT | $7,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $42 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Canterbury School Corporation Fort Myers, FL | $32,236,169 | $23,638,435 |
Brookstone School Inc Columbus, GA | $71,035,506 | $24,481,396 |
The Masters Academy Of Central Florida Inc Oviedo, FL | $26,482,967 | $18,246,673 |
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 |
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 |
Episcopal Day Private School Of Manatee County Inc Bradenton, FL | $25,876,327 | $15,435,458 |
St Francis Day School Inc Roswell, GA | $35,555,718 | $15,564,442 |