Civic Intelligence

Village Tech Schools

990 • Fiscal year 2017 • EIN 45-5607359

Sep 01, 2016 to Aug 31, 2017 • Filed on Jul 03, 2018

1010 East Parkerville RoadCedar Hill, TX 75104

(972) 291-1390

Siviq Scores

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

Liabilities / Assets

69th percentile

0.39x

Higher debt load relative to assets than 69% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

57th percentile

0.23x

Higher debt load relative to revenue than 57% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

64th percentile

8.2%

Higher net margin than 64% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$89,134

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

54th percentile

5.3%

Faster asset growth than 54% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

64th percentile

11%

Faster revenue growth than 64% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Up

$3,974,866

Up $200,760 (+5.3%) from 2016

Net Assets

Up

$2,408,553

Up $546,549 (+29%) from 2016

Liabilities

Down

$1,566,313

Down $345,789 (-18%) from 2016

Revenue

Up

$6,705,270

Up $685,884 (+11%) from 2016

Expenses

Up

$6,158,721

Up $237,673 (+4.0%) from 2016

Net Income

Up

$546,549

Up $448,211 (+456%) from 2016

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2012: $12,444Liabilities 2012: $0Net Assets 2012: $12,4442012Assets 2013: $2,539,756Liabilities 2013: $2,113,535Net Assets 2013: $426,2212013Assets 2014: $2,563,759Liabilities 2014: $2,025,456Net Assets 2014: $538,3032014Assets 2015: $4,176,984Liabilities 2015: $2,413,318Net Assets 2015: $1,763,6662015Assets 2016: $3,774,106Liabilities 2016: $1,912,102Net Assets 2016: $1,862,0042016Assets 2017: $3,974,866Liabilities 2017: $1,566,313Net Assets 2017: $2,408,5532017Assets 2018: $23,477,610Liabilities 2018: $21,618,815Net Assets 2018: $1,858,7952018Assets 2019: $31,257,676Liabilities 2019: $28,372,981Net Assets 2019: $2,884,6952019Assets 2020: $31,323,467Liabilities 2020: $27,888,400Net Assets 2020: $3,435,0672020Assets 2021: $31,509,934Liabilities 2021: $27,717,895Net Assets 2021: $3,792,0392021Assets 2022: $32,290,922Liabilities 2022: $27,695,749Net Assets 2022: $4,595,1732022Assets 2023: $33,612,553Liabilities 2023: $28,993,761Net Assets 2023: $4,618,7922023Assets 2024: $33,203,374Liabilities 2024: $27,354,416Net Assets 2024: $5,848,9582024

Highlighted filing

2017

Assets$3,974,866
Liabilities$1,566,313
Net Assets$2,408,553

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MRevenue 2012: $22,868Expenses 2012: $10,424Net Income 2012: $12,4442012Revenue 2013: $1,935,331Expenses 2013: $1,521,554Net Income 2013: $413,7772013Revenue 2014: $4,950,918Expenses 2014: $4,228,879Net Income 2014: $722,0392014Revenue 2015: $6,143,392Expenses 2015: $4,918,028Net Income 2015: $1,225,3642015Revenue 2016: $6,019,386Expenses 2016: $5,921,048Net Income 2016: $98,3382016Revenue 2017: $6,705,270Expenses 2017: $6,158,721Net Income 2017: $546,5492017Revenue 2018: $8,020,595Expenses 2018: $8,570,353Net Income 2018: -$549,7582018Revenue 2019: $10,700,284Expenses 2019: $9,674,385Net Income 2019: $1,025,8992019Revenue 2020: $11,126,237Expenses 2020: $10,575,864Net Income 2020: $550,3732020Revenue 2021: $12,030,130Expenses 2021: $11,673,158Net Income 2021: $356,9722021Revenue 2022: $14,785,373Expenses 2022: $13,982,239Net Income 2022: $803,1342022Revenue 2023: $14,652,616Expenses 2023: $14,628,997Net Income 2023: $23,6192023Revenue 2024: $15,475,744Expenses 2024: $14,245,578Net Income 2024: $1,230,1662024

Highlighted filing

2017

Revenue$6,705,270
Expenses$6,158,721
Net Income$546,549
Jump To
Filing Snapshot
Filing Period
Sep 1, 2016 to Aug 31, 2017
Signed
Jul 3, 2018
Return Version
2016v3.0
Gross Receipts
$6,705,270
Mission and Program Overview

Mission

Operations of schools for the education of students using individualized curriculum

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,769,517$3,004,239▲ $234,722
Cash and Non-Interest-Bearing Accounts$671,242$696,638▲ $25,396
Accounts Receivable$126,016$99,481▼ $26,535
Prepaid Expenses and Deferred Charges$112,078$81,808▼ $30,270
Other Notes and Loans Receivable, Net$2,553$0▼ $2,553
Total Assets$3,774,106$3,974,866▲ $200,760
Other Assets Total$92,700$92,700→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,887,536$1,491,596▼ $395,940
Accounts Payable and Accrued Expenses$24,032$64,433▲ $40,401
Grants Payable-$6,950-
Deferred Revenue$534$3,334▲ $2,800
Total Liabilities$1,912,102$1,566,313▼ $345,789
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,721,883$2,238,424▲ $516,541
Unrestricted Net Assets$140,121$170,129▲ $30,008
Total Net Assets Fund Balance$1,862,004$2,408,553▲ $546,549
Total Liabilities and Net Assets / Fund Balance$3,774,106$3,974,866▲ $200,760

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,320,773$643,700$2,964,473
Land$573,325-$573,325
Equipment$110,141$120,029$230,170
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jeremy K JamesonCOOFT$85,815$3,319$89,134
David L WilliamsSuperintendentFT$84,304$3,319$87,623
Amber D RobinsonCFOFT$76,889$3,319$80,208

Board Members and Trustees

NameTitle
Daniel G PriceBoard President
Melissa Valadez-cummingsBoard Member
Lucy HaleBoard Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$686
Program Service Revenue
$6,704,584
Investment Income
$0
Other Revenue
$0
All Other Contributions
$686
Change in Net Assets
$546,549

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,705,270
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$6,705,270
Total Revenue per Form 990
$6,705,270
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,745,091
Other Expenses$2,413,630
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,129,847$49,721-$3,179,568
Occupancy$857,190$10,806-$867,996
Fees for Services Other$461,885$52,628-$514,513
Depreciation Depletion$256,174$16,438-$272,612
Other Employee Benefits$254,249$16,106-$270,355
Current Officers, Directors, Trustees, and Key Employees-$247,008-$247,008
Interest-$104,801-$104,801
Other Expenses$51,172$12,006-$63,178
Insurance-$54,953-$54,953
Payroll Taxes$43,947$4,213-$48,160
Fees for Services Legal-$46,361-$46,361
Office Expenses-$32,564-$32,564
All Other Expenses$25,285--$25,285
Fees for Services Accounting-$18,470-$18,470
Travel-$5,013-$5,013
Total Functional Expenses$5,487,633$671,088$0$6,158,721

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,158,721
Total Expenses per Audited Statements$6,158,721
Total Expenses per Form 990$6,158,721
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
Yes
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, Part VI, Section B, Line 11B

Governing body reviews and approves form 990 prior to its filing

Form 990, Part VI, Section B, Line 15

The board approves all salaries of officers and key employees.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy, financial statements and form 990 filing are available upon request.

Filing and Contact Details

Filer

Filer Name
Village Tech Schools
EIN
45-5607359
Phone
9722911390
Address
1010 EAST PARKERVILLE ROAD, CEDAR HILL, TX 75104

Signing Officer

Name
David Williams CEO
Title
CEO
Phone
9723911390
Signed
2018-07-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Williams
Formed
2012
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
108
Volunteers
241

Preparer

Firm
Gregory S Delk CPA
Address
100 ALLENTOWN PKWY SUITE 202, ALLEN, TX 75002-4216
Preparer
Gregory S Delk
Phone
4696753072
Supplemental Narrative

Additional Explanations

Form 990 Part XII Line 2C

There have been no changes in the process from the prior year.

Raw XML Appendix399 raw XML fields

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

Path#Value
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt0643700
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02964473
IRS990ScheduleD/EquipmentGrp/BookValueAmt0110141
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0120029
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0230170
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt06158721
IRS990ScheduleD/LandGrp/BookValueAmt0573325
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0573325
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt06705270
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03004239
IRS990ScheduleD/TotalExpensesPerForm990Amt06158721
IRS990ScheduleD/TotalRevenuePerForm990Amt06705270
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06705270
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06158721
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL OPERATES UNDER A TEXAS OPEN ENROLLMENT CHARTER PROHIBITING DISCRIMINATION AND ACCEPTING ALL STUDENTS WITHIN THEIR GEOGRAPHIC BOUNDARIES UNDER THE SAME RULES AS THE TEXAS PUBLIC SCHOOLS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECEIVES THE USUAL FEDERAL EDUCATION GRANTS AND STATE EDUCATION PROGRAM REVENUES.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GOVERNING BODY REVIEWS AND APPROVES FORM 990 PRIOR TO ITS FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD APPROVES ALL SALARIES OF OFFICERS AND KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND FORM 990 FILING ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THERE HAVE BEEN NO CHANGES IN THE PROCESS FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990 PART XII LINE 2C
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt01721883
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt02238424
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03774106
IRS990/TotalAssetsEOYAmt03974866
IRS990/TotalAssetsGrp/BOYAmt03774106
IRS990/TotalAssetsGrp/EOYAmt03974866
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0686
IRS990/TotalEmployeeCnt0108
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0671088
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt05487633
IRS990/TotalFunctionalExpensesGrp/TotalAmt06158721
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01912102
IRS990/TotalLiabilitiesEOYAmt01566313
IRS990/TotalLiabilitiesGrp/BOYAmt01912102
IRS990/TotalLiabilitiesGrp/EOYAmt01566313
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01862004
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02408553
IRS990/TotalOtherCompensationAmt09957
IRS990/TotalProgramServiceExpensesAmt05487633
IRS990/TotalProgramServiceRevenueAmt06704584
IRS990/TotalReportableCompFromOrgAmt0247008
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt06704584
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt06705270
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0241
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03774106
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03974866
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt05013
IRS990/TravelGrp/TotalAmt05013
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0140121
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0170129
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01010 EAST PARKERVILLE ROAD
IRS990/USAddress/CityNm0CEDAR HILL
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd075104
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.VILLAGETECHSCHOOLS.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID WILLIAMS CEO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum09723911390
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-07-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VILLAGE TECH SCHOOLS
ReturnHeader/Filer/BusinessNameControlTxt0VILL
ReturnHeader/Filer/EIN0455607359
ReturnHeader/Filer/PhoneNum09722911390
ReturnHeader/Filer/USAddress/AddressLine1Txt01010 EAST PARKERVILLE ROAD
ReturnHeader/Filer/USAddress/CityNm0CEDAR HILL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075104
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0D97EEC6A091CEC30B84FABB099284CCA7E6E53D8
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId016474CB8EE6EE01D8BA209AC611A27D65F136FE8
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt071.42.74.34
ReturnHeader/FilingSecurityInformation/IPDt02018-07-03
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm011:57:56
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0752835768
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GREGORY S DELK CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0100 ALLENTOWN PKWY SUITE 202
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ALLEN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0750024216
ReturnHeader/PreparerPersonGrp/PhoneNum04696753072
ReturnHeader/PreparerPersonGrp/PreparationDt02018-07-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GREGORY S DELK
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02018-07-16T09:54:48-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-09-01
ReturnHeader/TaxPeriodEndDt02017-08-31
ReturnHeader/TaxYr02016

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