Victory Charter School K-5 Inc is located in Kissimmee, FL. Victory Charter School K-5 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, Victory Charter School K-5 Inc generated $3.0m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $3.1m during the year ending 06/2023. While expenses have increased by 2.0% 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
TO IMPLEMENT AN INNOVATIVE AND CREATIVE, STUDENT-CENTERED LEARNINGENVIRONMENT WHERE STUDENTS AND TEACHERS UTILIZE THE LATEST TECHNOLOGY IN THE ACQUISITION OF KNOWLEDGE AND SKILLS TO SUCCEDD IN A COMPETITIVEGLOBAL ECONOMY. WE ARE COMMITTED TO PROVIDING STUDENTS WITH THE ENVIRONMENT WHERE STUDENTS AND TEACHERS UTILIZE THE LATEST TECHNOLOGY IN THE ACQUISITION OF KNOWLEDGE AND SKILLS TO SUCCEDD IN A COMPETITIVE GLOBAL ECONOMY. WE ARE COMMITTED TO PROVIDING STUDENTS WITH THE TEACHERS UTILIZE THE LATEST TECHNOLOGY IN THE ACQUISITION OF KNOWLEDGE AND SKILLS TO SUCCEED IN A COMPETITIVE GLOBAL ECONOMY. WE ARE COMMITTED TO PROVIDING STUDENTS WITH THE HIGHEST QUALITY EDUCATIONAL PROGRAM POSSIBLE IN A STATE OF THE ART FACILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VICTORY CHARTER SCHOOL K-5 PROVIDES EDUCATION SERVICES TO STUDENTS FROMGRADES KINDERGARTEN TO 5TH GRADES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dr Elaine Perez Chair | OfficerTrustee | 1 | $0 |
Erin Anding Member | Trustee | 1 | $0 |
Antonio Cejas Treasurer | OfficerTrustee | 1 | $0 |
Nabin Timilsina Vice-Chair | OfficerTrustee | 1 | $0 |
Karilyn Bacallao Member | Trustee | 1 | $0 |
Veronica Mele Parent Contact | Trustee | 1 | $0 |
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 | $2,884,754 |
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 | $2,966,871 |
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 | $1,525,933 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $165,574 |
Payroll taxes | $112,157 |
Fees for services: Management | $238,275 |
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 | $138,978 |
Advertising and promotion | $0 |
Office expenses | $227,800 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $336,765 |
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 | $176,707 |
Insurance | $87,173 |
All other expenses | $0 |
Total functional expenses | $3,055,310 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $149,357 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $187,066 |
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 | $170,766 |
Net Land, buildings, and equipment | $20,352 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $20,823,370 |
Total assets | $21,350,911 |
Accounts payable and accrued expenses | $419,044 |
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 | $21,100,401 |
Total liabilities | $21,519,445 |
Net assets without donor restrictions | -$168,534 |
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 | $21,350,911 |