Civic Intelligence

Victory Academy Ocala Inc.

990 • Fiscal year 2020 • EIN 45-5409146

Aug 01, 2019 to Jul 31, 2020 • Filed on Jan 28, 2020

Organization ProfileWWW.VICTORYACADEMYOCALA.COM
5124 NE 7th PlaceOcala, FL 34470

(352) 622-4410

Siviq Scores

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

Liabilities / Assets

94th percentile

1.02x

Higher debt load relative to assets than 94% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

88th percentile

0.34x

Higher debt load relative to revenue than 88% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

56th percentile

8.9%

Higher net margin than 56% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

84th percentile

$23,120

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 6.7% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

91st percentile

142%

Faster asset growth than 91% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

54th percentile

-9.6%

Faster revenue growth than 54% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets94th percentile

Assets

Up

$116,827

Up $68,527 (+142%) from 2019

Net Assets

Up

-$2,127

Up $30,640 (+94%) from 2019

Liabilities

Up

$118,954

Up $37,887 (+47%) from 2019

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin56th percentile

Revenue

Down

$345,319

Down $36,700 (-9.6%) from 2019

Expenses

Down

$314,679

Down $84,838 (-21%) from 2019

Net Income

Up

$30,640

Up $48,138 (+275%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth91st percentile

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

$600K$400K$200K$0-$200KAssets 2015: $29,295Liabilities 2015: $677Net Assets 2015: $28,6182015Assets 2016: $24,804Liabilities 2016: $21,9872016Assets 2017: $60,205Liabilities 2017: $44,091Net Assets 2017: $16,1142017Assets 2018: $31,618Liabilities 2018: $46,887Net Assets 2018: -$15,2692018Assets 2019: $48,300Liabilities 2019: $81,067Net Assets 2019: -$32,7672019Assets 2020: $116,827Liabilities 2020: $118,954Net Assets 2020: -$2,1272020Assets 2021: $561,259Liabilities 2021: $84,181Net Assets 2021: $477,0782021Assets 2022: $408,109Liabilities 2022: $8,864Net Assets 2022: $399,2452022Assets 2024: $474,411Liabilities 2024: $4,811Net Assets 2024: $469,6002024Assets 2025: $484,437Liabilities 2025: $7,274Net Assets 2025: $477,1632025

Highlighted filing

2020

Assets$116,827
Liabilities$118,954
Net Assets-$2,127
Open 2020 Filing

Operations Trend

Revenue Growth54th percentile

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

$1.0M$500K$0-$500KRevenue 2015: $112,183Expenses 2015: $91,673Net Income 2015: $20,5102015Revenue 2016: $153,995Expenses 2016: $179,796Net Income 2016: -$25,8012016Revenue 2017: $286,044Expenses 2017: $272,747Net Income 2017: $13,2972017Revenue 2018: $330,946Expenses 2018: $362,329Net Income 2018: -$31,3832018Revenue 2019: $382,019Expenses 2019: $399,517Net Income 2019: -$17,4982019Revenue 2020: $345,319Expenses 2020: $314,679Net Income 2020: $30,6402020Revenue 2021: $862,856Expenses 2021: $383,651Net Income 2021: $479,2052021Revenue 2022: $518,898Expenses 2022: $596,731Net Income 2022: -$77,8332022Revenue 2024: $833,938Expenses 2024: $782,674Net Income 2024: $51,2642024Revenue 2025: $876,404Expenses 2025: $868,379Net Income 2025: $8,0252025

Highlighted filing

2020

Revenue$345,319
Expenses$314,679
Net Income$30,640
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2019 to Jul 31, 2020
Signed
Jan 28, 2020
Return Version
2019v5.0
Gross Receipts
$355,844
Mission and Program Overview

Mission

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$6,508$49,273▲ $42,765
Accounts Receivable$20,870$38,793▲ $17,923
Savings and Temporary Cash Investments$4,600$25,090▲ $20,490
Loans From Officers Directors$35,290$22,394▼ $12,896
Land, Buildings, and Equipment, Net$16,322$1,395▼ $14,927
Total Assets$48,300$116,827▲ $68,527
Other Assets Total-$2,276-
Liabilities
Other Liabilities$7,852$64,740▲ $56,888
Deferred Revenue$37,925$31,820▼ $6,105
Total Liabilities$81,067$118,954▲ $37,887
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-32,767$-2,127▲ $30,640
Total Net Assets Fund Balance$-32,767$-2,127▲ $30,640
Total Liabilities and Net Assets / Fund Balance$48,300$116,827▲ $68,527
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Matt OverfeltVice PresideFT$23,120$23,120
Dianne Van FleetSecretary/trFT$12,729$12,729

Board Members and Trustees

NameTitle
Carey V JonesPresident
Pat StanleyBoard Member
Robert Van FleetBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$7,620
Program Service Revenue
$319,228
Investment Income
$0
Other Revenue
$18,471
All Other Contributions
$7,620
Change in Net Assets
$30,640
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$226,624
Other Expenses$88,055
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$156,073$17,342-$173,415
Current Officers, Directors, Trustees, and Key Employees$32,264$3,585-$35,849
Fees for Services Other$17,157$1,907-$19,064
Payroll Taxes$15,624$1,736-$17,360
Occupancy$10,004$1,112-$11,116
All Other Expenses$6,513$667-$7,180
Insurance$5,750$639-$6,389
Other Expenses$3,909$434-$4,343
Office Expenses$2,093$233-$2,326
Depreciation Depletion$734$39-$773
Fees for Services Accounting$405$45-$450
Total Functional Expenses$284,714$29,965$0$314,679
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$28,093
Fundraising Direct Expenses$10,525
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraising$28,093$28,093$10,525$17,568
Total Events$28,093$28,093$10,525$17,568
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$35,290$22,394▼ $12,896
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Loan Payable - Ppp$61,012
Due to IRS - Installment$2,803
Payroll Liabilities$925
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
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

“The organization's signing officer thoroughly reviews the form 990 prior to signing and filing with the internal revenue services”

Form 990, Page 6, Part VI, Line 19

“The organization's governing documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Victory Academy Ocala Inc
EIN
45-5409146
Address
5124 NE 7TH PLACE, OCALA, FL 34470

Signing Officer

Name
Dianne Van Fleet
Title
Secretary/treasurer
Signed
2020-01-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carey V Jones
Formed
2012
Voting Board Members
5
Independent Board Members
5
Employees
21
Volunteers
2

Preparer

Firm
Collier Jernigan Eastman & Zublick Pa
Address
550 NE 25TH AVENUE, OCALA, FL 34470-7035
Preparer
Daryl L Collier CPA
Phone
3527325601
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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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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S ADMISSIONS APPLICATION CONTAINS A NON DISCRIMINATION POLICY STATEMENT THAT THEY DO NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, OR NATIONAL ORIGIN IN THE ADMINISTRATION OF ITS EDUCATIONAL POLICIES, ADMISSION POLICIES, SCHOLARSHIPS, ATHLETIC PROGRAMS OR SCHOOL SPONSORED EVENTS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
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IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FUNDRAISING
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt028093
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt028093
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt028093
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt028093
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt017568
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt010525
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt010525
IRS990/ScheduleJRequiredInd0false
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt19190
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1false
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1PAYROLL LIABILITIES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt019500
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt115790
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0ROBERT VAN FLEET
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1CAREY V JONES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0OFFICER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1OFFICER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1false
IRS990ScheduleL/TotalBalanceDueAmt022394
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S SIGNING OFFICER THOROUGHLY REVIEWS THE FORM 990 PRIOR TO SIGNING AND FILING WITH THE INTERNAL REVENUE SERVICES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt048300
IRS990/TotalAssetsEOYAmt0116827
IRS990/TotalAssetsGrp/BOYAmt048300
IRS990/TotalAssetsGrp/EOYAmt0116827
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt07620
IRS990/TotalEmployeeCnt021
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt029965
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0284714
IRS990/TotalFunctionalExpensesGrp/TotalAmt0314679
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt081067
IRS990/TotalLiabilitiesEOYAmt0118954
IRS990/TotalLiabilitiesGrp/BOYAmt081067
IRS990/TotalLiabilitiesGrp/EOYAmt0118954
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-32767
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-2127
IRS990/TotalProgramServiceExpensesAmt0284714
IRS990/TotalProgramServiceRevenueAmt0319228
IRS990/TotalReportableCompFromOrgAmt035849
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0320131
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0345319
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt048300
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0116827
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt06763 SE 12TH PLACE
IRS990/USAddress/CityNm0OCALA
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd034472
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.VICTORYACADEMYOCALA.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DIANNE VAN FLEET
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY/TREASURER
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-01-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VICTORY ACADEMY OCALA INC
ReturnHeader/Filer/BusinessNameControlTxt0VICT
ReturnHeader/Filer/EIN0455409146
ReturnHeader/Filer/USAddress/AddressLine1Txt05124 NE 7TH PLACE
ReturnHeader/Filer/USAddress/CityNm0OCALA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd034470
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0593612220
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0COLLIER JERNIGAN EASTMAN & ZUBLICK PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0550 NE 25TH AVENUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OCALA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0344707035
ReturnHeader/PreparerPersonGrp/PhoneNum03527325601
ReturnHeader/PreparerPersonGrp/PreparationDt02021-01-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DARYL L COLLIER CPA
ReturnHeader/ReturnTs02021-02-08T14:34:36-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-08-01
ReturnHeader/TaxPeriodEndDt02020-07-31
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
$116,827
Liabilities
$118,954
Net assets
-$2,127
Revenue
$345,319
Expenses
$314,679
Net income
$30,640
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.84$0.07$4.77$8.76$8.68$0.08
2024Detailed filing. Detailed filing data is available for this year.$4.74$0.05$4.70$8.34$7.83$0.51
2022Detailed filing. Detailed filing data is available for this year.$4.08$0.09$3.99$5.19$5.97$0.78
2021Detailed filing. Detailed filing data is available for this year.$5.61$0.84$4.77$8.63$3.84$4.79
2020Detailed filing. Detailed filing data is available for this year.$1.17$1.19$0.02$3.45$3.15$0.31
2019Detailed filing. Detailed filing data is available for this year.$0.48$0.81$0.33$3.82$4.00$0.17
2018Detailed filing. Detailed filing data is available for this year.$0.32$0.47$0.15$3.31$3.62$0.31
2017Detailed filing. Detailed filing data is available for this year.$0.60$0.44$0.16$2.86$2.73$0.13
2016Summary only. Only limited summary data is available for this year.$0.25$0.22$1.54$1.80$0.26
2015Detailed filing. Detailed filing data is available for this year.$0.29$0.01$0.29$1.12$0.92$0.21