Civic Intelligence

Victory Ridge Charitable Fund Inc.

990 • Fiscal year 2021 • EIN 45-4007009

Jul 01, 2020 to Jun 30, 2021 • Filed on May 13, 2022

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

86th percentile

0.69x

Higher debt load relative to assets than 86% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2021

Net Margin

100th percentile

149%

Higher net margin than 100% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

12th percentile

-4.4%

Faster asset growth than 12% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets86th percentile

Assets

Down

$6,073,922

Down $278,419 (-4.4%) from 2020

Net Assets

Down

$1,879,644

Down $174,029 (-8.5%) from 2020

Liabilities

Down

$4,194,278

Down $104,390 (-2.4%) from 2020

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin100th percentile

Revenue

Down

-$116,665

Down $178,657 (-288%) from 2020

Expenses

Up

$57,364

Up $38,153 (+199%) from 2020

Net Income

Down

-$174,029

Down $216,810 (-507%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth12th 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

2021

Assets$6,073,922
Liabilities$4,194,278
Net Assets$1,879,644
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

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

2021

Revenue-$116,665
Expenses$57,364
Net Income-$174,029
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 13, 2022
Return Version
2020v4.0
Gross Receipts
$362,029
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$5,613,114$5,533,317▼ $79,797
Cash and Non-Interest-Bearing Accounts$514,062$540,605▲ $26,543
Pledges and Grants Receivable$50,000--
Total Assets$6,352,341$6,073,922▼ $278,419
Other Assets Total$175,165--
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,140,587$4,040,197▼ $100,390
Other Liabilities$158,081$154,081▼ $4,000
Total Liabilities$4,298,668$4,194,278▼ $104,390
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,740,167$1,766,138▲ $25,971
Net Assets With Donor Restrictions$313,506$113,506▼ $200,000
Total Net Assets Fund Balance$2,053,673$1,879,644▼ $174,029
Total Liabilities and Net Assets / Fund Balance$6,352,341$6,073,922▼ $278,419

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$5,358,152$545,129$5,903,281
Land$175,165-$175,165
Compensation and Service Providers
Top Officer Pay22nd percentile

Board Members and Trustees

NameTitle
Vic StoryChair
Erin FloydVice Chairma
Steve WhitakerExecutive Di
Bill CostelloMember
Charles WittmanMember
Debra JohnsonMember
Susan HardingMember
Gannon OlmertSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$18,937
Program Service Revenue
$0
Investment Income
$52
Other Revenue
$-135,654
Change in Net Assets
$-174,029

Audited Revenue Reconciliation

Revenue per Audited Statements
$-116,665
Total Revenue per Audited Statements
$-116,665
Total Revenue per Form 990
$-116,665
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$57,364
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$50,000--$50,000
Fees for Services Accounting$7,000--$7,000
Fees for Services Other$364--$364
Total Functional Expenses$57,364$0$0$57,364

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$57,364
Total Expenses per Audited Statements$57,364
Total Expenses per Form 990$57,364
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$45,425
Fundraising Direct Expenses$11,582
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Skeet Shoot$45,425$45,425$11,582$33,843
Total Events$45,425$45,425$11,582$33,843
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$154,081
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
2022-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Whitaker
Formed
2011
Legal Domicile
Fl
Voting Board Members
7
Independent Board Members
7
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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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.
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ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,073,922
Liabilities
$4,194,278
Net assets
$1,879,644
Revenue
-$116,665
Expenses
$57,364
Net income
-$174,029
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
2021Detailed filing. Detailed filing data is available for this year.$6.07$4.19$1.88$0.12$0.06$0.17
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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