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Venture Preparatory

Tax-deductible

Austin, TX501(c)(3)Education EIN 99-4478045Revenue $247K in FY2025Latest return filed Apr 11, 2026

On file with the IRSventureprepatx.comAustin, TXTax-exempt since Nov 2024School — 170(b)(1)(A)(ii)

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Lead students towards a deeper love of christ and obedience in god's word. We strive to be christ-like in all our works to live out god's plan for our lives.

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 99-4478045) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Spent on programs
85%
of spending
85% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
6.5 mo
of spending, in cash
6.5 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $75K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$58K
54% of total assets
Liabilities are 54% of assets.
Pt X · Ln 26
Independent board members
1
of 3 voting members
1 of 3 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$247K
Spent
$197K
To programs
85%
Net assets
$50K

From the FY2025 Form 990 (year ending May 2025) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2024.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $167K Management & general 15% · $30K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
Graham Frey
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Loren Sack
President
$0Pt VII · Sec A
See Venture Preparatory executive salaries →

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

Inspires students to love Christ and obey God's Word.

Questions for Venture Preparatory

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1 program · $167K · in their own filed words · FY2024
01

Venture prep is a non profit, nondenominational christian private school in driftwood, texas that offers classical academics in a joyful, nuturing and flexible environment.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 99-4478045) · Dispute this line
$167Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
The Lebherz Family FoundationFY2024$75K
Total grants receivedfrom 1 funder$75K

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$247K
Ln 12
Gifts and grantsLn 1h$166K
Fees for servicesLn 2g$81K
Money outPt IX
$197K
Ln 25
Programscol B$167K
Managementcol C$30K
Owns and owesPt X
$50K
net assets · Ln 32
Cash and savingsLn 1–2$106K
Total assetsLn 16$108K
LiabilitiesLn 26$58K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$166K
Fees for servicesLn 2g$81K
Total revenueLn 12$247K
Assets in detailPt X, end of year
CashLn 1$106K
Cash and savings togetherLn 1–2$106K
Accounts receivableLn 4$2K
Total assetsLn 16$108K
LiabilitiesLn 26$58K
Net assetsLn 32$50K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderMay
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
LineStart FY25End FY25
Cash and savingsLn 1–2$106K
Total assetsLn 16$0$108K
LiabilitiesLn 26$0$58K
Net assetsLn 32$0$50K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$129K$114K$15K
Advertising and promotionLn 12$26K$26K
Office expensesLn 13$21K$10K$10K
Information technologyLn 14$1K$1K
OccupancyLn 16$13K$13K
TravelLn 17$10$10
InsuranceLn 23$643$643
Other expenses (24a–d)Ln 24$500$500
Total functional expensesLn 25$197K$167K$30K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Apr 11, 2026 $247K$197K$50K$50K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2025 990
Part I · Summary $246,531 revenue, 12 lines filed
I-8 Contributions and grants$165,500
I-9 Program service revenue$81,031
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$246,531
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$196,980
I-18 Total expenses$196,980
I-19 Revenue less expenses$49,551
Part VI · Governance 1 of 3 board members independent, 2 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members1
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $246,531 across 4 lines filed
VIII-1f All other contributions, gifts and grants$165,500
VIII-1h Total contributions, gifts and grants$165,500
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $81,031$81,031
VIII-12 Total revenueRelated to mission $81,031$246,531
Part IX · Statement of functional expenses $196,980 across 10 lines filed
IX-11b Legal feesManagement $2,591$2,591
IX-11c Accounting feesManagement $2,750$2,750
IX-11g Other fees for servicesPrograms $114,066 · Management $14,700$128,766
IX-12 Advertising and promotionPrograms $26,217$26,217
IX-13 Office expensesPrograms $10,384 · Management $10,387$20,771
IX-14 Information technologyPrograms $1,400$1,400
IX-16 OccupancyPrograms $13,332$13,332
IX-17 TravelPrograms $10$10
IX-23 InsurancePrograms $643$643
IX-24 Other expenses (24a–d)Programs $500$500
IX-25 Total functional expensesPrograms $166,552 · Management $30,428 · Fundraising $0$196,980
Part X · Balance sheet $107,577 assets, 9 lines filed
X-1 Cash, non-interest-bearing$106,077
X-4 Accounts receivable$1,500
X-16 Total assetsStart of year $0$107,577
X-17 Accounts payable and accrued expenses$38,526
X-19 Deferred revenue$19,500
X-26 Total liabilitiesStart of year $0$58,026
X-27 Net assets without donor restrictions$49,551
X-32 Total net assets or fund balancesStart of year $0$49,551
X-33 Total liabilities and net assetsStart of year $0$107,577
Part XI · Reconciliation of net assets $49,551 net assets at year end
XI-1 Total revenue$246,531
XI-2 Total expenses$196,980
XI-3 Revenue less expenses$49,551
XI-10 Net assets at end of year$49,551

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

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