Civic Intelligence

Fresta Valley Christian School Ltd.

990 • Fiscal year 2021 • EIN 54-1189285

Jul 01, 2020 to Jun 30, 2021 • Filed on May 16, 2022

6428 Wilson RdMarshall, VA 20115

(540) 364-1929

Siviq Scores

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

Liabilities / Assets

68th percentile

0.21x

Higher debt load relative to assets than 68% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

78th percentile

0.44x

Higher debt load relative to revenue than 78% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

76th percentile

33%

Higher net margin than 76% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

53rd percentile

$65,287

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 3.1% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

57th percentile

13%

Faster asset growth than 57% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

76th percentile

49%

Faster revenue growth than 76% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$4,564,111

Up $515,888 (+13%) from 2020

Net Assets

Up

$3,620,529

Up $705,162 (+24%) from 2020

Liabilities

Down

$943,582

Down $189,274 (-17%) from 2020

Revenue

Up

$2,130,639

Up $703,455 (+49%) from 2020

Expenses

Up

$1,425,477

Up $141,885 (+11%) from 2020

Net Income

Up

$705,162

Up $561,570 (+391%) from 2020

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $2,585,179Liabilities 2011: $287,743Net Assets 2011: $2,297,4362011Assets 2012: $2,436,632Liabilities 2012: $257,735Net Assets 2012: $2,178,8972012Assets 2013: $2,362,993Liabilities 2013: $226,262Net Assets 2013: $2,136,7312013Assets 2014: $2,507,428Liabilities 2014: $193,104Net Assets 2014: $2,314,3242014Assets 2015: $2,429,224Liabilities 2015: $158,262Net Assets 2015: $2,270,9622015Assets 2016: $2,600,324Liabilities 2016: $121,586Net Assets 2016: $2,478,7382016Assets 2017: $2,657,667Liabilities 2017: $83,112Net Assets 2017: $2,574,5552017Assets 2018: $3,235,215Liabilities 2018: $457,190Net Assets 2018: $2,778,0252018Assets 2019: $3,788,833Liabilities 2019: $1,017,058Net Assets 2019: $2,771,7752019Assets 2020: $4,048,223Liabilities 2020: $1,132,856Net Assets 2020: $2,915,3672020Assets 2021: $4,564,111Liabilities 2021: $943,582Net Assets 2021: $3,620,5292021Assets 2022: $4,990,888Liabilities 2022: $489,041Net Assets 2022: $4,501,8472022Assets 2023: $4,972,124Liabilities 2023: $0Net Assets 2023: $4,972,1242023Assets 2024: $5,226,442Liabilities 2024: $0Net Assets 2024: $5,226,4422024Assets 2025: $5,482,338Liabilities 2025: $0Net Assets 2025: $5,482,3382025

Highlighted filing

2021

Assets$4,564,111
Liabilities$943,582
Net Assets$3,620,529

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $1,094,2192011Expenses 2012: $1,206,4722012Expenses 2013: $1,046,1282013Revenue 2014: $1,178,016Expenses 2014: $990,216Net Income 2014: $187,8002014Revenue 2015: $1,104,175Expenses 2015: $1,145,567Net Income 2015: -$41,3922015Revenue 2016: $1,339,820Expenses 2016: $1,132,044Net Income 2016: $207,7762016Revenue 2017: $1,276,317Expenses 2017: $1,180,500Net Income 2017: $95,8172017Revenue 2018: $1,423,648Expenses 2018: $1,220,178Net Income 2018: $203,4702018Revenue 2019: $1,337,361Expenses 2019: $1,343,611Net Income 2019: -$6,2502019Revenue 2020: $1,427,184Expenses 2020: $1,283,592Net Income 2020: $143,5922020Revenue 2021: $2,130,639Expenses 2021: $1,425,477Net Income 2021: $705,1622021Revenue 2022: $2,637,395Expenses 2022: $1,756,077Net Income 2022: $881,3182022Revenue 2023: $2,329,971Expenses 2023: $1,859,694Net Income 2023: $470,2772023Revenue 2024: $2,307,928Expenses 2024: $2,053,610Net Income 2024: $254,3182024Revenue 2025: $2,307,319Expenses 2025: $2,051,423Net Income 2025: $255,8962025

Highlighted filing

2021

Revenue$2,130,639
Expenses$1,425,477
Net Income$705,162
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 16, 2022
Return Version
2020v4.2
Gross Receipts
$2,130,639
Mission and Program Overview

Mission

Provide quality education from junior kindergarten through 12th grade.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,376,290$3,443,160▲ $66,870
Cash and Non-Interest-Bearing Accounts$601,781$938,159▲ $336,378
Savings and Temporary Cash Investments$70,092$182,449▲ $112,357
Prepaid Expenses and Deferred Charges$60$343▲ $283
Total Assets$4,048,223$4,564,111▲ $515,888
Liabilities
Mortgage Notes Payable Secured by Investment Property$983,181$943,582▼ $39,599
Other Liabilities$149,675$0▼ $149,675
Total Liabilities$1,132,856$943,582▼ $189,274
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,790,614$3,476,815▲ $686,201
Net Assets With Donor Restrictions$124,753$143,714▲ $18,961
Total Net Assets Fund Balance$2,915,367$3,620,529▲ $705,162
Total Liabilities and Net Assets / Fund Balance$4,048,223$4,564,111▲ $515,888

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,231,246$1,147,249$2,378,495
Land$2,113,896-$2,113,896
Other Land Buildings$98,018$799,348$897,366
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kevin WorshamAdministratorFT$65,287$65,287
Donna BloomVice PresidentPT$51,765$51,765

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$258,192
Program Service Revenue
$1,720,481
Investment Income
$685
Other Revenue
$151,281
All Other Contributions
$258,192
Change in Net Assets
$705,162

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,869,659
Revenue Not Reported on Financial Statements
$260,980
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$260,980
Total Revenue per Audited Statements
$1,869,659
Total Revenue per Form 990
$2,130,639
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$832,146
Other Expenses$593,331
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$590,037$65,560-$655,597
Current Officers, Directors, Trustees, and Key Employees$105,347$11,705-$117,052
Depreciation Depletion$64,750$11,426-$76,176
Other Expenses$61,883$3,257-$65,140
All Other Expenses$26,847$36,182-$63,029
Payroll Taxes$53,547$5,950-$59,497
Interest$29,734$1,565-$31,299
Insurance$20,402$2,132-$22,534
Advertising$11,302--$11,302
Conferences and Meetings$7,779--$7,779
Fees for Services Accounting-$7,073-$7,073
Fees for Services Other$437$3,230-$3,667
Fees for Services Legal-$518-$518
Total Functional Expenses$1,273,432$152,045$0$1,425,477

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,425,477
Total Expenses per Audited Statements$1,425,477
Total Expenses per Form 990$1,425,477
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
No
Audit committee
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, Part VI, Section B, Line 11B

Copy of return was providedd during monthly board of directors' meeting and approved by the board.

Form 990, Part VI, Section C, Line 19

The organization's government documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Fresta Valley Christian School Ltd
EIN
54-1189285
Phone
5403641929
Address
6428 WILSON RD, MARSHALL, VA 20115

Signing Officer

Name
Kevin Worsham
Title
Administator
Phone
5403641929
Signed
2022-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Worsham
Formed
1972
Legal Domicile
Va
Voting Board Members
5
Independent Board Members
2
Employees
62
Volunteers
50

Preparer

Firm
Badger Sumrall & Company
Address
7410 HERITAGE VILLAGE PLAZA 101, GAINESVILLE, VA 20155
Preparer
Shawn Sumrall CPA
Phone
5403644930
Supplemental Narrative

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Change in prepaid tuition - cash basis adjustment 260,980.

Raw XML AppendixShowing 400 of 422 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.

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IRS990/PYSalariesCompEmpBnftPaidAmt0751151
IRS990/PYTotalExpensesAmt01283592
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01427184
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0705162
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01722087
IRS990/SavingsAndTempCashInvstGrp/BOYAmt070092
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0182449
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01231246
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01147249
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02378495
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01425477
IRS990ScheduleD/LandGrp/BookValueAmt02113896
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02113896
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt098018
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0799348
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0897366
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0260980
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0260980
IRS990ScheduleD/RevenueSubtotalAmt01869659
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CHANGE IN PREPAID TUITION - CASH BASIS ADJUSTMENT 260,980.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03443160
IRS990ScheduleD/TotalExpensesPerForm990Amt01425477
IRS990ScheduleD/TotalRevenuePerForm990Amt02130639
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01869659
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01425477
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0INFORMATION REGARDING NONDISCRINATORY POLICY IS MADE AVAILABLE THROUGH PRINT MEDIA ADVERTISING AND ITS WEBSITE DURING OPEN ENROLLMENT.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0COPY OF RETURN WAS PROVIDEDD DURING MONTHLY BOARD OF DIRECTORS' MEETING AND APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S GOVERNMENT DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0VA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04048223
IRS990/TotalAssetsEOYAmt04564111
IRS990/TotalAssetsGrp/BOYAmt04048223
IRS990/TotalAssetsGrp/EOYAmt04564111
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0258192
IRS990/TotalEmployeeCnt062
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0152045
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01273432
IRS990/TotalFunctionalExpensesGrp/TotalAmt01425477
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01132856
IRS990/TotalLiabilitiesEOYAmt0943582
IRS990/TotalLiabilitiesGrp/BOYAmt01132856
IRS990/TotalLiabilitiesGrp/EOYAmt0943582
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02915367
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03620529
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt010470
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt010470
IRS990/TotalProgramServiceExpensesAmt01273432
IRS990/TotalProgramServiceRevenueAmt01720481
IRS990/TotalReportableCompFromOrgAmt0117052
IRS990/TotalRevenueGrp/ExclusionAmt0150360
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01722087
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02130639
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04048223
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04564111
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt06428 WILSON RD
IRS990/USAddress/CityNm0MARSHALL
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd020115
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0WWW.FRESTAVALLEY.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KEVIN WORSHAM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0ADMINISTATOR
ReturnHeader/BusinessOfficerGrp/PhoneNum05403641929
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FRESTA VALLEY CHRISTIAN SCHOOL LTD

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$5.48$0.00$5.48$2.31$2.05$0.26
2024Detailed filing. Detailed filing data is available for this year.$5.23$0.00$5.23$2.31$2.05$0.25
2023Detailed filing. Detailed filing data is available for this year.$4.97$0.00$4.97$2.33$1.86$0.47
2022Detailed filing. Detailed filing data is available for this year.$4.99$0.49$4.50$2.64$1.76$0.88
2021Detailed filing. Detailed filing data is available for this year.$4.56$0.94$3.62$2.13$1.43$0.71
2020Detailed filing. Detailed filing data is available for this year.$4.05$1.13$2.92$1.43$1.28$0.14
2019Detailed filing. Detailed filing data is available for this year.$3.79$1.02$2.77$1.34$1.34$0.01
2018Detailed filing. Detailed filing data is available for this year.$3.24$0.46$2.78$1.42$1.22$0.20
2017Detailed filing. Detailed filing data is available for this year.$2.66$0.08$2.57$1.28$1.18$0.10
2016Detailed filing. Detailed filing data is available for this year.$2.60$0.12$2.48$1.34$1.13$0.21
2015Detailed filing. Detailed filing data is available for this year.$2.43$0.16$2.27$1.10$1.15$0.04
2014Detailed filing. Detailed filing data is available for this year.$2.51$0.19$2.31$1.18$0.99$0.19
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.36$0.23$2.14$1.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.44$0.26$2.18$1.21
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.59$0.29$2.30$1.09