The Villages Charter School Inc
- Assets
- $234.6m
- Revenue
- $292.9m
- Investments
- $0.0
- Employees
- 732
- Location
- The Villages, FL
- Founding
- Data as of
- 06/2023
- EIN
- 59-3597803
Organization Overview
The Villages Charter School Inc is located in The Villages, FL. 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 06/2023, Villages Charter School Inc employed 732 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Villages Charter School 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 06/2023, Villages Charter School Inc generated $292.9m in total revenue. All expenses for the organization totaled $65.4m during the year ending 06/2023. While expenses have increased by 27.7% per year over the past 2 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
OUR MISSION IS TO PROVIDE QUALITY LEARNING OPPORTUNITIES THAT PROMOTE PERSONAL RESPONSIBILITY AND INSPIRE CHILDREN'S THIRST FOR KNOWLEDGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE VILLAGES CHARTER SCHOOL, INC. (THE "SCHOOL") IS A PUBLIC CHARTER SCHOOL PROVIDING EDUCATIONAL OPPORTUNITIES FOR STUDENTS OF SEVERAL COUNTIES IN FLORIDA. THE SCHOOL'S TECHNOLOGY RICH CURRICULUM HAS EQUIPPED A GENERATION OF STUDENTS TO SUCCEED IN THE 21ST CENTURY AND PURSUE PATHS OF LIFELONG LEARNING. SINCE ITS FOUNDING IN 1999, THE SCHOOL HAS GROWN FROM AN ELEMENTARY SCHOOL SERVING ABOUT 350 STUDENTS TO A COMPREHENSIVE K-12 SYSTEM SERVING OVER 3,400 STUDENTS. OUTSIDE OF THE CLASSROOM, THE SCHOOL OFFERS INTERSCHOLASTIC SPORTS AT BOTH THE HIGH SCHOOL AND MIDDLE SCHOOL LEVELS, BEFORE- AND AFTER-SCHOOL AND VACATION PROGRAMS, AND A WIDE VARIETY OF EXTRACURRICULAR OPPORTUNITIES AT ALL GRADE LEVELS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Randy Mcdaniel Dir Of Educa | Officer | 40 | $132,950 |
Gina Ritch Dir Of Acct | Officer | 40 | $79,543 |
Patricia Francis Director | Trustee | 1 | $0 |
Dr Gary Lester Chairman | OfficerTrustee | 1 | $0 |
Scott Stephens Director | Trustee | 1 | $0 |
Dr John Theeck Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
American Janitorial Inc Custodial | 6/29/23 | $1,280,392 |
United Refrigeration Inc Hvac Repair | 6/29/23 | $473,405 |
Asg Solutions Llc Landscaping | 6/29/23 | $842,093 |
A&d Corp Gen'l Maint. | 6/29/23 | $418,007 |
Sumter Co Board Of Co Commissioners School Resource | 6/29/23 | $297,762 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $16,623 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,869,760 |
| All other contributions, gifts, grants, and similar amounts not included above | $251,402,593 |
| Noncash contributions included in lines 1a–1f | $225,798,623 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $257,288,976 |
| Total Program Service Revenue | $28,866,997 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,673,944 |
| 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 | -$11,086 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $292,859,541 |
| 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. | $212,493 |
| Compensation of current officers, directors, key employees. | $212,493 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,942,235 |
| Pension plan accruals and contributions | $830,090 |
| Other employee benefits | $4,389,366 |
| Payroll taxes | $1,615,350 |
| Fees for services: Management | $231,565 |
| 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 | $1,559,883 |
| Advertising and promotion | $0 |
| Office expenses | $1,050,752 |
| Information technology | $807,705 |
| Royalties | $0 |
| Occupancy | $7,323,803 |
| Travel | $46,924 |
| 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 | $3,873,475 |
| Insurance | $328,697 |
| All other expenses | $630,837 |
| Total functional expenses | $65,435,911 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,441,865 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $671,098 |
| Accounts receivable, net | $588,849 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $23,875 |
| Prepaid expenses and deferred charges | $107,216 |
| Net Land, buildings, and equipment | $225,733,002 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $234,565,905 |
| Accounts payable and accrued expenses | $2,588,906 |
| Grants payable | $0 |
| Deferred revenue | $712,929 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $70,721 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $50,703 |
| Total liabilities | $3,423,259 |
| 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 | $231,142,646 |
| Total liabilities and net assets/fund balances | $234,565,905 |