Valor Christian Schools: Nonprofit Profile, Financials & Form 990 (EIN 20-3168449)

Revenue by fiscal year
FY2020	$30.7M
FY2021	$35.6M

Expenses by fiscal year
FY2020	$29.5M
FY2021	$31.7M

Net assets by fiscal year
FY2020	$83.6M
FY2021	$88.4M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2021. IRS ruling in Apr 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

84 cents of each dollar spent went to programs.

84%

14%

Program services 84% · $26.7M Management & general 14% · $4.4M Fundraising 2% · $586K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990; $1.3M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII

Kurt Unruh

Head of School/CEO - Thru 12/31/20

$556,193Pt VII · Sec A

Gary Fisher

Head of School/CEO

$203,539Pt VII · Sec A

Jody Goff

Dir. of Finance & Ops/CFO

$172,161Pt VII · Sec A

Arie Ringnalda

Dir. of Arts & Media

$117,147Pt VII · Sec A

Rebecca Thomas

Academic Dean

$115,491Pt VII · Sec A

Zach Gautier

Dean of Academic Services

$103,907Pt VII · Sec A

Kevin McVaney

Director

$0Pt VII · Sec A

Scott Lowery

Vice-Chair

$0Pt VII · Sec A

Kurt Unruh’s $556K as Head of School/CEO - Thru 12/31/20 is at the 92nd percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 6 named individuals · Part VII

Name	FY2021	FY2020
Kurt Unruh	$556,193	$481,462
Gary Fisher	$203,539	$163,406
Jody Goff	$172,161	$159,671
Arie Ringnalda	$117,147	$114,742
Rebecca Thomas	$115,491	$102,209
Zach Gautier	$103,907	—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Prepares students for college in a Christ-centered environment.

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Provided by the organization

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1 program · $26.7M · in their own filed words · FY2020

01

See schedule ovalor christian high school is a christian faith community that provides an independent, college-preparatory school located in highlands ranch, colorado. Valor accomplishes its mission primarily by bringing together groups of individuals (staff, students and volunteers) to engage in bible-centered devotional and educational…

$26.7Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2025

The Ayco Charitable FoundationFY2025$19K

Total grants receivedfrom 1 funder$19K

Grants paid · 2 grants · $4.8M · 2019–2020

Unitemized GrantFY2020$2,591,651

Unitemized GrantFY2019$2,241,036

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$35.6M

Ln 12

Fees for servicesLn 2g$29.8M

Gifts and grantsLn 1h$5.7M

Other incomeLn 4–11$67K

Money outPt IX

$31.7M

Ln 25

Programscol B$26.7M

Managementcol C$4.4M

Fundraisingcol D$586K

Owns and owesPt X

$88.4M

net assets · Ln 32

Cash and savingsLn 1–2$23.1M

Total assetsLn 16$100.1M

LiabilitiesLn 26$11.7M

PeoplePt VI, VII

15

listed · VII A

PaidVII A6

Voting boardVI 1a9

IndependentVI 1b9

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$5.7M

Government grantsLn 1e$3.2M

Fees for servicesLn 2g$29.8M

Investment incomeLn 3$56K

Other incomeLn 4–11$67K

Gains on assetsLn 7$26K

Total revenueLn 12$35.6M

Assets in detailPt X, end of year

CashLn 1$8.9M

SavingsLn 2$14.2M

Cash and savings togetherLn 1–2$23.1M

Land, buildings, equipmentLn 10c$76.5M

Other assetsLn 15$185K

Total assetsLn 16$100.1M

LiabilitiesLn 26$11.7M

Net assetsLn 32$88.4M

OperationsPt I, VI

EmployeesI 5462

VolunteersI 6300

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$16.8M	$23.1M
Land, buildings, equipmentLn 10c	$79.0M	$76.5M
Total assetsLn 16	$96.4M	$100.1M
LiabilitiesLn 26	$12.7M	$11.7M
Net assetsLn 32	$83.6M	$88.4M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$2.6M	$2.6M
Pay of current officers, directors and key staffLn 5	$778K		$496K	$281K
Other salaries and wagesLn 7	$13.3M	$11.3M	$1.9M	$117K
Pension plan contributionsLn 8	$552K	$456K	$88K	$8K
Other employee benefitsLn 9	$2.1M	$1.7M	$328K	$44K
Payroll taxesLn 10	$1.0M	$834K	$175K	$28K
Legal feesLn 11b	$37K		$37K
Accounting feesLn 11c	$39K		$39K
Other fees for servicesLn 11g	$936K	$292K	$616K	$28K
Advertising and promotionLn 12	$132K	$132K
Office expensesLn 13	$102K	$7K	$91K	$3K
Information technologyLn 14	$665K	$618K	$47K
OccupancyLn 16	$1.5M	$1.2M	$282K
Conferences, conventions and meetingsLn 19	$19K	$11K	$3K	$5K
InterestLn 20	$6K		$6K
Depreciation, depletion and amortizationLn 22	$3.5M	$3.3M	$245K
Other expenses (24a–d)Ln 24	$4.1M	$4.1M	$10K	$28K
All other expensesLn 24e	$270K	$208K	$17K	$44K
Total functional expensesLn 25	$31.7M	$26.7M	$4.4M	$586K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2021 Latest Viewing	$35.6M	$31.7M	$4.0M	$88.4M	990 PDF
FY2020	$30.7M	$29.5M	$1.2M	$83.6M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations

See the full FY2021 990 (6 parts)

Part I · Summary $35,639,062 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $3,937,209$5,694,980

I-9 Program service revenuePrior year $26,611,941$29,821,359

I-10 Investment incomePrior year $93,021$55,637

I-11 Other revenuePrior year $90,682$67,086

I-12 Total revenuePrior year $30,732,853$35,639,062

I-13 Grants and similar amounts paidPrior year $2,241,036$2,591,651

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $17,013,612$17,728,788

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $10,287,458$11,331,911

I-18 Total expensesPrior year $29,542,106$31,652,350

I-19 Revenue less expensesPrior year $1,190,747$3,986,712

Part VI · Governance 9 of 9 board members independent, no flags

VI-1a Voting members of the governing body9

VI-1b Independent voting members9

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $35,639,062 across 9 lines filed

Lines not itemized here account for $14,599 of total revenue; see the IRS return.

VIII-1e Government grants$3,178,300

VIII-1f All other contributions, gifts and grants$2,516,680

VIII-1h Total contributions, gifts and grants$5,694,980

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $29,821,359$29,821,359

VIII-3 Investment incomeExcluded from tax $29,637$29,637

VIII-6 Net rental income or lossExcluded from tax $18,221$18,221

VIII-7 Net gain or loss on sales of assetsExcluded from tax $26,000$26,000

VIII-8 Net income from fundraising eventsExcluded from tax $34,266$34,266

VIII-12 Total revenueRelated to mission $29,821,359 · Unrelated business $0 · Excluded from tax $122,723$35,639,062

Part IX · Statement of functional expenses $31,652,350 across 18 lines filed

IX-2 Grants to domestic individualsPrograms $2,591,651$2,591,651

IX-5 Pay of current officers, directors and key staffManagement $496,151 · Fundraising $281,374$777,525

IX-7 Other salaries and wagesPrograms $11,276,374 · Management $1,910,153 · Fundraising $116,855$13,303,382

IX-8 Pension plan contributionsPrograms $455,971 · Management $88,170 · Fundraising $7,571$551,712

IX-9 Other employee benefitsPrograms $1,686,727 · Management $327,534 · Fundraising $44,153$2,058,414

IX-10 Payroll taxesPrograms $834,323 · Management $175,457 · Fundraising $27,975$1,037,755

IX-11b Legal feesManagement $37,125$37,125

IX-11c Accounting feesManagement $38,706$38,706

IX-11g Other fees for servicesPrograms $292,423 · Management $615,873 · Fundraising $27,868$936,164

IX-12 Advertising and promotionPrograms $131,581$131,581

IX-13 Office expensesPrograms $7,442 · Management $90,835 · Fundraising $3,450$101,727

IX-14 Information technologyPrograms $618,388 · Management $46,545$664,933

IX-16 OccupancyPrograms $1,242,930 · Management $281,674$1,524,604

IX-19 Conferences, conventions and meetingsPrograms $10,561 · Management $3,157 · Fundraising $5,222$18,940

IX-20 InterestManagement $5,664$5,664

IX-22 Depreciation, depletion and amortizationPrograms $3,258,639 · Management $245,274$3,503,913

IX-24 Other expenses (24a–d)Programs $4,061,786 · Management $9,544 · Fundraising $27,541$4,098,871

IX-24e All other expensesPrograms $208,404 · Management $17,472 · Fundraising $43,807$269,683

IX-25 Total functional expensesPrograms $26,677,200 · Management $4,389,334 · Fundraising $585,816$31,652,350

Part X · Balance sheet $100,135,509 assets, 16 lines filed

X-1 Cash, non-interest-bearingStart of year $2,186,121$8,902,969

X-2 Savings and temporary cash investmentsStart of year $14,609,162$14,167,312

X-4 Accounts receivableStart of year $114,904$125,184

X-8 Inventories for sale or useStart of year $157,807$114,697

X-9 Prepaid expenses and deferred chargesStart of year $120,954$171,437

X-10c Land, buildings and equipment, netStart of year $79,009,721$76,468,760

X-15 Other assetsStart of year $184,650$185,150

X-16 Total assetsStart of year $96,383,319$100,135,509

X-17 Accounts payable and accrued expensesStart of year $1,487,431$2,050,115

X-19 Deferred revenueStart of year $8,069,679$9,679,032

X-25 Other liabilitiesStart of year $3,178,300$0

X-26 Total liabilitiesStart of year $12,735,410$11,729,147

X-27 Net assets without donor restrictionsStart of year $80,912,641$86,304,998

X-28 Net assets with donor restrictionsStart of year $2,735,268$2,101,364

X-32 Total net assets or fund balancesStart of year $83,647,909$88,406,362

X-33 Total liabilities and net assetsStart of year $96,383,319$100,135,509

Part XI · Reconciliation of net assets $88,406,362 net assets at year end

XI-1 Total revenue$35,639,062

XI-2 Total expenses$31,652,350

XI-3 Revenue less expenses$3,986,712

XI-4 Net assets at start of year$83,647,909

XI-5 Net unrealized gains (losses) on investments$771,741

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$88,406,362

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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