Civic Intelligence

Victory Ridge Charitable Fund Inc.

990 • Fiscal year 2020 • EIN 45-4007009

Jul 01, 2019 to Jun 30, 2020 • Filed on Feb 12, 2021

Organization ProfileVICTORYRIDGE.ORG
501 Burns AvenueLake Wales, FL 33853

(863) 679-3338

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

83rd percentile

0.68x

Higher debt load relative to assets than 83% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

99th percentile

69.34x

Higher debt load relative to revenue than 99% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

95th percentile

69%

Higher net margin than 95% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

59th percentile

9.8%

Faster asset growth than 59% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

2nd percentile

-77%

Faster revenue growth than 2% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Up

$6,352,341

Up $567,181 (+9.8%) from 2019

Net Assets

Up

$2,053,673

Up $42,781 (+2.1%) from 2019

Liabilities

Up

$4,298,668

Up $524,400 (+14%) from 2019

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin95th percentile

Revenue

Down

$61,992

Down $203,298 (-77%) from 2019

Expenses

Down

$19,211

Down $67,925 (-78%) from 2019

Net Income

Down

$42,781

Down $135,373 (-76%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth59th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2013: $1,988,341Liabilities 2013: $0Net Assets 2013: $1,988,3412013Assets 2014: $1,953,214Liabilities 2014: $0Net Assets 2014: $1,953,2142014Assets 2015: $1,942,828Liabilities 2015: $10,000Net Assets 2015: $1,932,8282015Assets 2016: $1,882,569Liabilities 2016: $0Net Assets 2016: $1,882,5692016Assets 2017: $1,781,070Liabilities 2017: $0Net Assets 2017: $1,781,0702017Assets 2018: $1,811,187Liabilities 2018: $0Net Assets 2018: $1,811,1872018Assets 2019: $5,785,160Liabilities 2019: $3,774,268Net Assets 2019: $2,010,8922019Assets 2020: $6,352,341Liabilities 2020: $4,298,668Net Assets 2020: $2,053,6732020Assets 2021: $6,073,922Liabilities 2021: $4,194,278Net Assets 2021: $1,879,6442021Assets 2022: $5,929,636Liabilities 2022: $4,215,959Net Assets 2022: $1,713,6772022Assets 2023: $10,891,317Liabilities 2023: $9,316,267Net Assets 2023: $1,575,0502023

Highlighted filing

2020

Assets$6,352,341
Liabilities$4,298,668
Net Assets$2,053,673
Open 2020 Filing

Operations Trend

Revenue Growth2nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2013: $1,765,599Expenses 2013: $340,236Net Income 2013: $1,425,3632013Revenue 2014: $89,101Expenses 2014: $124,228Net Income 2014: -$35,1272014Revenue 2015: $27,593Expenses 2015: $47,979Net Income 2015: -$20,3862015Revenue 2016: $757Expenses 2016: $51,016Net Income 2016: -$50,2592016Revenue 2017: $17,553Expenses 2017: $119,052Net Income 2017: -$101,4992017Revenue 2018: $98,042Expenses 2018: $67,925Net Income 2018: $30,1172018Revenue 2019: $265,290Expenses 2019: $87,136Net Income 2019: $178,1542019Revenue 2020: $61,992Expenses 2020: $19,211Net Income 2020: $42,7812020Revenue 2021: -$116,665Expenses 2021: $57,364Net Income 2021: -$174,0292021Revenue 2022: -$76,833Expenses 2022: $89,134Net Income 2022: -$165,9672022Revenue 2023: -$120,729Expenses 2023: $17,898Net Income 2023: -$138,6272023

Highlighted filing

2020

Revenue$61,992
Expenses$19,211
Net Income$42,781
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Feb 12, 2021
Return Version
2019v5.0
Gross Receipts
$523,825
Mission and Program Overview

Mission

Victory ridge charitable fund (vrcf) is a supporting organization whose sole beneficiary is our children's academy. The supported organization is a public charter schools under contract with the polk county school board. Occf engages in fundraising and public relations on behalf of the school.

Victory ridge charitable fund (vrcf) is a supporting organization whose sole beneficiary is victory ridge academy. The supported organization is a public charter schools under contract with the polk county school board. Vrcf engages in fundraising and public relations on behalf of the school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$497,469$5,613,114▲ $5,115,645
Cash and Non-Interest-Bearing Accounts$278,311$514,062▲ $235,751
Pledges and Grants Receivable$100,000$50,000▼ $50,000
Total Assets$5,785,160$6,352,341▲ $567,181
Other Assets Total$4,909,380$175,165▼ $4,734,215
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,646,948$4,140,587▲ $493,639
Other Liabilities$127,320$158,081▲ $30,761
Total Liabilities$3,774,268$4,298,668▲ $524,400
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,697,386$1,740,167▲ $42,781
Net Assets With Donor Restrictions$313,506$313,506→ $0
Total Net Assets Fund Balance$2,010,892$2,053,673▲ $42,781
Total Liabilities and Net Assets / Fund Balance$5,785,160$6,352,341▲ $567,181

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$5,613,114$294,168$5,907,282
Compensation and Service Providers
Top Officer Pay21st percentile

Board Members and Trustees

NameTitle
Vic StoryChair
Erin FloydVice Chairma
Steve WhitakerExecutive Di
Charles WittmanMember
Gannon OlmertMember
Revenue and Support

Revenue Composition

Contributions and Grants
$213,640
Program Service Revenue
$0
Investment Income
$31
Other Revenue
$-151,679
Change in Net Assets
$42,781

Audited Revenue Reconciliation

Revenue per Audited Statements
$61,992
Total Revenue per Audited Statements
$61,992
Total Revenue per Form 990
$61,992
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$19,211
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$8,342--$8,342
Fees for Services Accounting$5,500--$5,500
Occupancy$2,542--$2,542
Fees for Services Other$1,724--$1,724
Office Expenses$1,103--$1,103
Total Functional Expenses$19,211$0$0$19,211

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$19,211
Total Expenses per Audited Statements$19,211
Total Expenses per Form 990$19,211
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$44,689
Fundraising Direct Expenses$11,365
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Skeet Shoot$44,689$44,689$11,365$33,324
Total Events$44,689$44,689$11,365$33,324
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Victory Ridge Academy$158,081
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Form 990 is provided to board and executive director prior to filing. Preparer provided contact information to board members and was available to answer questions.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Victory Ridge Charitable Fundinc
EIN
45-4007009
Phone
8636793338
Address
501 BURNS AVENUE, LAKE WALES, FL 33853

Signing Officer

Name
Steve Whitaker
Title
Executive Director
Phone
8636793338
Signed
2021-02-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Whitaker
Formed
2011
Legal Domicile
Fl
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
20

Preparer

Firm
Mccrady & Associates Pllc
Address
107 WATER OAK LN, ALTAMONTE SPRINGS, FL 32714
Preparer
Stacy Mccrady
Phone
4079604429
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Victory ridge charitable fund (vrcf) is a supporting organization whose sole beneficiary is victory ridge academy. The supported organization is a public charter schools under contract with the polk county school board. Vrcf engages in fundraising and public relations on behalf of the school.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt011365
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt011365
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0VICTORY RIDGE CHARITABLE FUND (VRCF) IS A SUPPORTING ORGANIZATION WHOSE SOLE BENEFICIARY IS VICTORY RIDGE ACADEMY. THE SUPPORTED ORGANIZATION IS A PUBLIC CHARTER SCHOOLS UNDER CONTRACT WITH THE POLK COUNTY SCHOOL BOARD. VRCF ENGAGES IN FUNDRAISING AND PUBLIC RELATIONS ON BEHALF OF THE SCHOOL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS PROVIDED TO BOARD AND EXECUTIVE DIRECTOR PRIOR TO FILING. PREPARER PROVIDED CONTACT INFORMATION TO BOARD MEMBERS AND WAS AVAILABLE TO ANSWER QUESTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/USAddress/CityNm0LAKE WALES
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IRS990/USAddress/ZIPCd033853
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0STEVE WHITAKER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08636793338
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-02-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VICTORY RIDGE CHARITABLE FUNDINC
ReturnHeader/Filer/BusinessNameControlTxt0VICT
ReturnHeader/Filer/EIN0454007009
ReturnHeader/Filer/PhoneNum08636793338
ReturnHeader/Filer/USAddress/AddressLine1Txt0501 BURNS AVENUE
ReturnHeader/Filer/USAddress/CityNm0LAKE WALES
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0822180420
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MCCRADY & ASSOCIATES PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0107 WATER OAK LN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ALTAMONTE SPRINGS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd032714
ReturnHeader/PreparerPersonGrp/PhoneNum04079604429
ReturnHeader/PreparerPersonGrp/PreparationDt02021-02-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STACY MCCRADY
ReturnHeader/ReturnTs02021-02-12T08:45:23-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,352,341
Liabilities
$4,298,668
Net assets
$2,053,673
Revenue
$61,992
Expenses
$19,211
Net income
$42,781
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$10.9$9.32$1.58$0.12$0.02$0.14
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.93$4.22$1.71$0.08$0.09$0.17
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.07$4.19$1.88$0.12$0.06$0.17
2020Detailed filing. Detailed filing data is available for this year.$6.35$4.30$2.05$0.06$0.02$0.04
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.79$3.77$2.01$0.27$0.09$0.18
2018Summary only. Only limited summary data is available for this year.$1.81$0.00$1.81$0.10$0.07$0.03
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.78$0.00$1.78$0.02$0.12$0.10
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.88$0.00$1.88$0.00$0.05$0.05
2015Detailed filing. Detailed filing data is available for this year.$1.94$0.01$1.93$0.03$0.05$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.95$0.00$1.95$0.09$0.12$0.04
2013Summary only. Only limited summary data is available for this year.$1.99$0.00$1.99$1.77$0.34$1.43