Victory Academy is a classical christian college preparatory school dedicated to nurturing and challenging the whole person - body, mind and spirit to the glory of god.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Run by 2 volunteers and 21 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $98K a year · 14% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$77K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Plus $244K in investments, Pt X · Ln 11–13
Fine: 1.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $40
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$7K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$876K
+5% vs prior year
Spent
$868K
To programs
91%
Net assets
$477K
By yearFY2020–FY2025
Revenue
$876K
FY2025▲ +5%
Tap a bar for its year
Revenue by fiscal year
FY2020$345K
FY2021$863K
FY2022$519K
FY2024$834K
FY2025$876K
Expenses
$868K
FY2025▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2020$315K
FY2021$384K
FY2022$597K
FY2024$783K
FY2025$868K
Net assets
$477K
FY2025▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020−$2K
FY2021$477K
FY2022$399K
FY2024$470K
FY2025$477K

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2014.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $787K Management & general 9% · $81K

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

6 people listed on the 990; $77K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President
$42,456Pt VII · Sec A
Secretary Tr
$34,480Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Carey V Jones’s $42K as President is at the 33rd percentile of top reported officer pay among 1613 $100K–1M 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 · 4 named individuals · Part VII

NameFY2025FY2024FY2022FY2021FY2020
Carey V Jones$42,456$42,414$32,861——
Dianne Van Fleet$34,480$38,024$33,486$13,622$12,729
Matt Overfelt————$23,120
Matthew Overfelt—$5,940———

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.

See Victory Academy Ocala INC executive salaries →

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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 15aNo

Programs and updates

Educates students in classical Christian academics, nurturing mind, body, and spirit.

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Provided by the organization

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1 program · $787K · in their own filed words · FY2024
01

Victory academy maintained pre k through 8TH grade classes to provide a christ centered education for students

$787Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$40
Grants paid · 1 grant · $10K · 2021–2021
Ocala United INCFL · FY2021$10,000

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$876K
Ln 12
Fees for servicesLn 2g$796K
Other incomeLn 4–11$64K
Investment incomeLn 3$12K
Money outPt IX
$868K
Ln 25
Programscol B$787K
Managementcol C$81K
Owns and owesPt X
$477K
net assets · Ln 32
Cash and savingsLn 1–2$107K
Total assetsLn 16$484K
LiabilitiesLn 26$7K
PeoplePt VI, VII
6
listed · VII A
PaidVII A2
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5K
Fees for servicesLn 2g$796K
Investment incomeLn 3$12K
Other incomeLn 4–11$64K
Total revenueLn 12$876K
Assets in detailPt X, end of year
CashLn 1$60K
SavingsLn 2$47K
Cash and savings togetherLn 1–2$107K
InvestmentsLn 11–13$244K
Land, buildings, equipmentLn 10c$67K
Other assetsLn 15$571
Total assetsLn 16$484K
LiabilitiesLn 26$7K
Net assetsLn 32$477K
OperationsPt I, VI
EmployeesI 521
VolunteersI 62
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$88K$107K
InvestmentsLn 11–13$266K$244K
Land, buildings, equipmentLn 10c$68K$67K
Total assetsLn 16$474K$484K
LiabilitiesLn 26$5K$7K
Net assetsLn 32$470K$477K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$524K$472K$52K
Other employee benefitsLn 9$778$700$78
Payroll taxesLn 10$40K$36K$4K
Accounting feesLn 11c$15K$13K$1K
Other fees for servicesLn 11g$9K$8K$857
Advertising and promotionLn 12$3K$3K$346
Office expensesLn 13$18K$17K$2K
Information technologyLn 14$26K$26K
OccupancyLn 16$159K$143K$16K
Conferences, conventions and meetingsLn 19$4K$3K$359
Depreciation, depletion and amortizationLn 22$9K$9K
InsuranceLn 23$6K$6K$617
Other expenses (24a–d)Ln 24$43K$41K$2K
All other expensesLn 24e$12K$11K$993
Total functional expensesLn 25$868K$787K$81K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $876K$868K$8K$477K 990 PDF
FY2024 $834K$783K$51K$470K 990 PDF
FY2023 Not on file
FY2022 $519K$597K−$78K$399K 990 PDF
FY2021 $863K$384K$479K$477K 990 PDF
FY2020 $345K$315K$31K−$2K 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 O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $876,404 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $18,703$4,540
I-9 Program service revenuePrior year $797,165$795,569
I-10 Investment incomePrior year $3,688$12,156
I-11 Other revenuePrior year $14,382$64,139
I-12 Total revenuePrior year $833,938$876,404
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $505,057$564,745
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $277,617$303,634
I-18 Total expensesPrior year $782,674$868,379
I-19 Revenue less expensesPrior year $51,264$8,025
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $876,404 across 7 lines filed
Lines not itemized here account for $9,029 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$4,540
VIII-1h Total contributions, gifts and grants$4,540
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $786,869$786,869
VIII-3 Investment incomeExcluded from tax $12,156$12,156
VIII-8 Net income from fundraising events$16,533
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $47,277$47,277
VIII-12 Total revenueRelated to mission $843,175 · Excluded from tax $12,156$876,404
Part IX · Statement of functional expenses $868,379 across 14 lines filed
IX-7 Other salaries and wagesPrograms $471,598 · Management $52,399$523,997
IX-9 Other employee benefitsPrograms $700 · Management $78$778
IX-10 Payroll taxesPrograms $35,973 · Management $3,997$39,970
IX-11c Accounting feesPrograms $13,209 · Management $1,468$14,677
IX-11g Other fees for servicesPrograms $7,714 · Management $857$8,571
IX-12 Advertising and promotionPrograms $3,114 · Management $346$3,460
IX-13 Office expensesPrograms $16,591 · Management $1,844$18,435
IX-14 Information technologyPrograms $25,868$25,868
IX-16 OccupancyPrograms $142,861 · Management $15,874$158,735
IX-19 Conferences, conventions and meetingsPrograms $3,232 · Management $359$3,591
IX-22 Depreciation, depletion and amortizationPrograms $8,823$8,823
IX-23 InsurancePrograms $5,548 · Management $617$6,165
IX-24 Other expenses (24a–d)Programs $40,793 · Management $2,440$43,233
IX-24e All other expensesPrograms $11,083 · Management $993$12,076
IX-25 Total functional expensesPrograms $787,107 · Management $81,272 · Fundraising $0$868,379
Part X · Balance sheet $484,437 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $86,469$60,220
X-2 Savings and temporary cash investmentsStart of year $1,079$46,920
X-4 Accounts receivableStart of year $53,287$65,794
X-10c Land, buildings and equipment, netStart of year $68,039$66,785
X-11 Publicly traded securitiesStart of year $265,537$244,147
X-15 Other assets$571
X-16 Total assetsStart of year $474,411$484,437
X-19 Deferred revenueStart of year $4,800$7,260
X-25 Other liabilitiesStart of year $11$14
X-26 Total liabilitiesStart of year $4,811$7,274
X-27 Net assets without donor restrictionsStart of year $469,600$477,163
X-32 Total net assets or fund balancesStart of year $469,600$477,163
X-33 Total liabilities and net assetsStart of year $474,411$484,437
Part XI · Reconciliation of net assets $477,163 net assets at year end
XI-1 Total revenue$876,404
XI-2 Total expenses$868,379
XI-3 Revenue less expenses$8,025
XI-4 Net assets at start of year$469,600
XI-5 Net unrealized gains (losses) on investments−$462
XI-10 Net assets at end of year$477,163

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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