Valor Collegiate Academies
Fiscal Year
Fiscal Year Start
07/01/2023
Fiscal Year End
06/30/2024
Projected Revenue
$39,272,989.00
Projected Expenses
$37,538,030.00
Organizational Budgets and Other Documents
| FY24 Board Approved Budget | 2024 |
| FY23 Board Approved Budget | 2023 |
| FY22 Board Approved Budget | 2022 |
| FY21 Board Approved Budget | 2021 |
| FY2020 Budget | 2020 |
| Valor FY19 Budget | 2019 |
IRS Letter of Exemption
| Valor Collegiate Acadamies IRS Letter |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $35,249,973.00 | $33,685,362.00 | $29,376,935.00 |
| Total Expenses | $33,731,164.00 | $29,564,439.00 | $23,286,997.00 |
| Revenue Less Expenses | $1,518,809.00 | $4,120,923.00 | $6,089,938.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | $0.00 |
| Government - Federal | $0.00 | $0.00 | $0.00 |
| Government - State | $0.00 | $0.00 | $0.00 |
| Government - Local | $0.00 | $0.00 | $0.00 |
| Government - Unspecified | $32,396,224.00 | $31,748,695.00 | $24,975,279.00 |
| Contributions, Gifts, and Grants | $759,577.00 | $1,192,821.00 | $4,040,732.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $1,825,460.00 | $690,761.00 | $290,942.00 |
| Investment Income, Net of Losses | $261,530.00 | $28,160.00 | $24,489.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $0.00 | $0.00 | $0.00 |
| Revenue In-Kind | $0.00 | $0.00 | $0.00 |
| Other | $7,182.00 | $24,925.00 | $45,853.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $30,097,762.00 | $26,440,689.00 | $18,811,357.00 |
| Administration Expense | $3,640,800.00 | $3,168,326.00 | $4,399,270.00 |
| Fundraising Expense | $-7,398.00 | $-44,576.00 | $76,370.00 |
| Total Revenue/Total Expenses | 105% | 114% | 126% |
| Program Expense/Total Expenses | 89% | 89% | 81% |
| Fundraising Expense/Contributed Revenue | -0% | -0% | 0% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Government Grants $32,396,224.00 | Government Grants $31,748,695.00 | Government Grants $24,975,279.00 |
| Second Highest Funding Source & Dollar Amount | Program Revenue $1,825,460.00 | Contributions, Gifts, and Grants $1,192,821.00 | Contributions, Gifts, Grants $4,040,732.00 |
| Third Highest Funding Source & Dollar Amount | Contributions, Gifts, and Grants $759,577.00 | Program Revenue $690,761.00 | Program Revenue $290,942.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $53,385,701.00 | $51,710,214.00 | $48,008,126.00 |
| Current Assets | $16,176,131.00 | $14,265,993.00 | $10,823,183.00 |
| Long-Term Liabilities | $32,554,235.00 | $29,579,700.00 | $30,361,474.00 |
| Current Liabilities | $1,164,722.00 | $3,982,579.00 | $3,619,640.00 |
| Total Net Assets | $19,666,744.00 | $18,147,935.00 | $14,027,012.00 |
Endowment Info
Do you have an endowment?
No
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
No
Solicitation Permit Info
State Charitable Solicitations Permit
Exempt
Solicitations Permit
Form 990s
| FY2023 990 | 2023 |
| FY22 990 | 2022 |
| FY21 990 | 2021 |
| FY 19-20 Form 990 | 2020 |
| FY2019 990 | 2019 |
| FY2018 990 | 2018 |
| FY2017 990 | 2017 |
| FY 2016 990 | 2016 |
| Form 990 | 2015 |
| Valor Collegiate Academies 2014 990 | 2014 |
Audit Documents
| FY23 Audited Financials | 2023 |
| FY22 Audited Financials | 2022 |
| FY21 Audited Financials | 2021 |
| Valor FY2020 Audit | 2020 |
| Valor FY2019 Audit | 2019 |
| VCA FY2018 Audit | 2018 |
| VCA FY2017 Audit | 2017 |
| VCA Audit | 2016 |
| VCA Board Conclusion Letter | 2016 |
| Board Conclusion Letter | 2015 |
| Financial Statements-Audit | 2015 |
Foundation Staff Comments
| Financial figures taken from Form 990 only. Form 990 was prepared by Cherry Bekaert LLP. Comments made by Hayley Sulfridge 4/9/24. |
