Valor Preparatory Academy FY2021 filing

Tax-deductible

Waco, TX501(c)(3)Since 2013EducationEIN 46-3834044

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The mission of Valor Preparatory Academy is to partner with families to provide excellent education and develop passionate disiples of jesus, who are prepared to courageously influence culture for the glory of god.

501(c)(3) charity; gifts are tax-deductible.
63¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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 6
filings with a surplus
Average surplus $498K a year · 9% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
63%
of spending
Worth a look: 63% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 4.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $585K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$755K
36% of total assets
Looks good: liabilities are 36% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.0M
+36% vs prior year
Spent
$1.6M
To programs
63%
Net assets
$1.3M
By yearFY2020–FY2025
Revenue
$2.0M
FY2021▲ +36%
Revenue by fiscal year
FY2020$1.5M
FY2021$2.0M
FY2022$3.1M
FY2023$2.7M
FY2024$3.2M
FY2025$21.6M
Expenses
$1.6M
FY2021▲ +31%
Expenses by fiscal year
FY2020$1.2M
FY2021$1.6M
FY2022$1.9M
FY2023$2.7M
FY2024$3.4M
FY2025$20.2M
Net assets
$1.3M
FY2021▲ +42%
Net assets by fiscal year
FY2020$934K
FY2021$1.3M
FY2022$2.5M
FY2023$2.5M
FY2024$2.2M
FY2025$3.6M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2015.

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

Where the money goes

63 cents of each dollar spent went to programs.

Program services 63% · $1000K Management & general 37% · $593K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Valor Preparatory Academy 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Educates students in faith, preparing them to influence culture for God's glory.

Provided by the organization

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1 program service account for $1000K of program spending, described in the organization's own filed words · FY2020.
01

Valor preparatory academy is a christian, classical, university-model school serving pre-k through 10TH grade students and their families.

$1000Kprogram expense

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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 · FY2024
See all 7 funders →
Grants paid · 1 grant · $584K · 2024–2024
Vpa Properties INCTX · FY2024$583,581

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$2.0M
Ln 12
Fees for servicesLn 2g$1.4M
Gifts and grantsLn 1h$559K
Investment incomeLn 3$9
Money outPt IX
$1.6M
Ln 25
Programscol B$1000K
Managementcol C$593K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$647K
Total assetsLn 16$2.1M
LiabilitiesLn 26$755K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$559K
Government grantsLn 1e$139K
Fees for servicesLn 2g$1.4M
Investment incomeLn 3$9
Total revenueLn 12$2.0M
Assets in detailPt X, end of year
CashLn 1$541K
SavingsLn 2$106K
Cash and savings togetherLn 1–2$647K
Land, buildings, equipmentLn 10c$1.4M
Total assetsLn 16$2.1M
LiabilitiesLn 26$755K
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 557
VolunteersI 6109
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$564K$647K
Land, buildings, equipmentLn 10c$956K$1.4M
Total assetsLn 16$1.5M$2.1M
LiabilitiesLn 26$597K$755K
Net assetsLn 32$934K$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$67K$67K
Other salaries and wagesLn 7$903K$561K$342K
Other employee benefitsLn 9$70K$44K$26K
Payroll taxesLn 10$75K$54K$22K
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$60$60
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$33K$33K
OccupancyLn 16$39K$39K
Conferences, conventions and meetingsLn 19$4K$4K
InterestLn 20$33K$33K
Depreciation, depletion and amortizationLn 22$17K$17K
InsuranceLn 23$26K$26K
Other expenses (24a–d)Ln 24$180K$145K$35K
All other expensesLn 24e$138K$109K$29K
Total functional expensesLn 25$1.6M$1000K$593K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $21.6M$20.2M$1.4M$3.6M 990 PDF
FY2024 $3.2M$3.4M−$239K$2.2M 990 PDF
FY2023 $2.7M$2.7M−$20K$2.5M 990 PDF
FY2022 $3.1M$1.9M$1.2M$2.5M 990 PDF
FY2021 Viewing $2.0M$1.6M$395K$1.3M 990 PDF
FY2020 $1.5M$1.2M$246K$934K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $1,987,450 across 6 lines filed
VIII-1e Government grants$139,200
VIII-1f All other contributions, gifts and grants$419,461
VIII-1h Total contributions, gifts and grants$558,661
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,428,780$1,428,780
VIII-3 Investment incomeRelated to mission $9$9
VIII-12 Total revenueRelated to mission $1,428,789$1,987,450
Part IX · Statement of functional expenses $1,592,739 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $66,723$66,723
IX-7 Other salaries and wagesPrograms $560,924 · Management $342,302$903,226
IX-9 Other employee benefitsPrograms $43,938 · Management $26,431$70,369
IX-10 Payroll taxesPrograms $53,573 · Management $21,617$75,190
IX-11b Legal feesManagement $4,185$4,185
IX-11c Accounting feesManagement $60$60
IX-12 Advertising and promotionManagement $3,025$3,025
IX-13 Office expensesManagement $32,619$32,619
IX-16 OccupancyManagement $38,865$38,865
IX-19 Conferences, conventions and meetingsPrograms $3,829$3,829
IX-20 InterestManagement $33,285$33,285
IX-22 Depreciation, depletion and amortizationPrograms $16,942$16,942
IX-23 InsuranceManagement $26,251$26,251
IX-24 Other expenses (24a–d)Programs $145,138 · Management $35,032$180,170
IX-24e All other expensesPrograms $108,729 · Management $29,271$138,000
IX-25 Total functional expensesPrograms $999,796 · Management $592,943 · Fundraising $0$1,592,739
Part X · Balance sheet $2,077,724 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $513,547$541,281
X-2 Savings and temporary cash investmentsStart of year $50,546$106,183
X-4 Accounts receivableStart of year $10,541$5,602
X-10c Land, buildings and equipment, netStart of year $955,767$1,424,658
X-16 Total assetsStart of year $1,530,401$2,077,724
X-17 Accounts payable and accrued expensesStart of year $49,175$57,166
X-26 Total liabilitiesStart of year $596,769$755,116
X-27 Net assets without donor restrictionsStart of year $933,632$1,322,608
X-32 Total net assets or fund balancesStart of year $933,632$1,322,608
X-33 Total liabilities and net assetsStart of year $1,530,401$2,077,724
Part XI · Reconciliation of net assets $1,322,608 net assets at year end
XI-1 Total revenue$1,987,450
XI-2 Total expenses$1,592,739
XI-3 Revenue less expenses$394,711
XI-4 Net assets at start of year$933,632
XI-9 Other changes in net assets−$5,735
XI-10 Net assets at end of year$1,322,608

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

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