Vanguard College Preparatory School
- Assets
- $6.4m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 40
- Location
- Waco, TX
- Founding
- 04/1975
- Data as of
- 07/2023
- EIN
- 74-1815978
Organization Overview
Vanguard College Preparatory School is located in Waco, TX. The organization was established in 1975. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 07/2023, Vanguard College Preparatory School employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vanguard College Preparatory School 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 07/2023, Vanguard College Preparatory School generated $6.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $5.1m during the year ending 07/2023. While expenses have increased by 4.4% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
VANGUARD COLLEGE PREPARATORY SCHOOL IS A NON-PAROCHIAL, INDEPENDENT SCHOOL THAT PREPARES STUDENTS FOR ACADEMIC SUCCESS AND FULFILLING LIVES. THE FOUNDATION OF THE VANGUARD EXPERIENCE IS BASED ON THE CORE VALUES-RIGOR, RESPONSIBILITY AND RESPECT. THE COMMUNITY OF VANGUARD STUDENTS, FACULTY, ADMINISTRATORS AND PARENTS IS COMMITTED TO A PERSONALIZED LEARNING EXPERIENCE THAT PREPARES EACH STUDENT TO EXCEL AT THE COLLEGIATE LEVEL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF COLLEGE PREPATORY SCHOOL FOR GRADES 7 THROUGH 12. DURING THE 2022-2023 SCHOOL YEAR, VANGUARD PROVIDED EDUCATIONAL SERVICES TO 273 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shanna Mattson Past Chairman | OfficerTrustee | 2 | $0 |
Emily Offill Secretary | OfficerTrustee | 2 | $0 |
Matt Morrison Vice-Chair,treasurer | OfficerTrustee | 2 | $0 |
Christy Holze Chairman | OfficerTrustee | 2 | $0 |
Jed Cole Board Trustee | Trustee | 2 | $0 |
Darin Davis Board Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $103,365 |
| Related organizations | $0 |
| Government grants | $6,966 |
| All other contributions, gifts, grants, and similar amounts not included above | $993,732 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,104,063 |
| Total Program Service Revenue | $4,918,719 |
| Investment income | $6,022 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,784 |
| Net Income from Fundraising Events | -$20,657 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,006,363 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,239,010 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $158,414 |
| Compensation of current officers, directors, key employees. | $158,414 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,725,116 |
| Pension plan accruals and contributions | $29,185 |
| Other employee benefits | $93,778 |
| Payroll taxes | $143,950 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,018 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $588 |
| Advertising and promotion | $41,218 |
| Office expenses | $0 |
| Information technology | $60,841 |
| Royalties | $0 |
| Occupancy | $322,721 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $82,963 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $176,484 |
| Insurance | $0 |
| All other expenses | $188,210 |
| Total functional expenses | $5,102,262 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,639,525 |
| Savings and temporary cash investments | $154,247 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $41,819 |
| 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 | $2,728 |
| Net Land, buildings, and equipment | $4,370,880 |
| Investments—publicly traded securities | $15,605 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $164,098 |
| Total assets | $6,388,902 |
| Accounts payable and accrued expenses | $438,547 |
| Grants payable | $0 |
| Deferred revenue | $1,343,029 |
| 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 | $1,432,922 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $91,239 |
| Total liabilities | $3,305,737 |
| Net assets without donor restrictions | $3,083,165 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $6,388,902 |