Civic Intelligence

Victory Collegiate Academy Corporation

990 • Fiscal year 2020 • EIN 81-0693484

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

3535 North 63rd AvenuePhoenix, AZ 85033

(623) 810-9781

Siviq Scores

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

Liabilities / Assets

86th percentile

0.67x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

77th percentile

0.49x

Higher debt load relative to revenue than 77% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

54th percentile

7.4%

Higher net margin than 54% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

74th percentile

$114,121

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

95th percentile

143%

Faster asset growth than 95% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

70th percentile

15%

Faster revenue growth than 70% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Flat

$2,663,867

Flat from 2020

Net Assets

Flat

$890,129

Flat from 2020

Liabilities

Flat

$1,773,738

Flat from 2020

Revenue

Flat

$3,591,749

Flat from 2020

Expenses

Flat

$3,326,578

Flat from 2020

Net Income

Flat

$265,171

Flat from 2020

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2019: $1,094,735Liabilities 2019: $469,777Net Assets 2019: $624,9582019Assets 2020: $2,663,867Liabilities 2020: $1,773,738Net Assets 2020: $890,1292020Assets 2020: $2,663,867Liabilities 2020: $1,773,738Net Assets 2020: $890,1292020Assets 2021: $6,836,319Liabilities 2021: $5,819,686Net Assets 2021: $1,016,6332021Assets 2022: $7,340,227Liabilities 2022: $5,588,816Net Assets 2022: $1,751,4112022Assets 2023: $7,247,714Liabilities 2023: $5,639,234Net Assets 2023: $1,608,4802023Assets 2024: $6,878,365Liabilities 2024: $4,820,742Net Assets 2024: $2,057,6232024

Highlighted filing

2020

Assets$2,663,867
Liabilities$1,773,738
Net Assets$890,129

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2019: $3,136,088Expenses 2019: $2,606,283Net Income 2019: $529,8052019Revenue 2020: $3,591,749Expenses 2020: $3,326,578Net Income 2020: $265,1712020Revenue 2020: $3,591,749Expenses 2020: $3,326,578Net Income 2020: $265,1712020Revenue 2021: $3,112,690Expenses 2021: $2,986,186Net Income 2021: $126,5042021Revenue 2022: $4,885,584Expenses 2022: $4,150,806Net Income 2022: $734,7782022Revenue 2023: $4,700,823Expenses 2023: $4,843,754Net Income 2023: -$142,9312023Revenue 2024: $5,316,482Expenses 2024: $4,867,339Net Income 2024: $449,1432024

Highlighted filing

2020

Revenue$3,591,749
Expenses$3,326,578
Net Income$265,171
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 12, 2021
Return Version
2019v5.0
Gross Receipts
$3,591,749
Mission and Program Overview

Mission

We at victory collegiate academy (vca) believe that our students can be victorious in everything they do. We provide our students access to a rich and engaging educational "healthy body, healthy mind, whole child" experience that will prepare each of them for college, career and life success. At vca, we empower the whole child through our focus on academics, nutrition, exercise, social & environmental health and character.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$622,911$1,813,660▲ $1,190,749
Cash and Non-Interest-Bearing Accounts$416,801$816,777▲ $399,976
Loans From Officers Directors$253,752$175,424▼ $78,328
Pledges and Grants Receivable$55,023$33,430▼ $21,593
Total Assets$1,094,735$2,663,867▲ $1,569,132
Liabilities
Mortgage Notes Payable Secured by Investment Property-$1,308,700-
Accounts Payable and Accrued Expenses$146,025$251,614▲ $105,589
Other Liabilities$70,000$38,000▼ $32,000
Total Liabilities$469,777$1,773,738▲ $1,303,961
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$624,958$890,129▲ $265,171
Total Net Assets Fund Balance$624,958$890,129▲ $265,171
Total Liabilities and Net Assets / Fund Balance$1,094,735$2,663,867▲ $1,569,132

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$887,762$30,612$918,374
Leasehold Improvements$529,942$155,997$685,939
Land$362,406-$362,406
Equipment$33,550$14,188$47,738
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nick SchuermanExecutive DiFT$106,621$7,500$114,121

Board Members and Trustees

NameTitle
Cheryl McneilPresident/ch
Scott KiesTreasurer
Brad LinsdayVice Preside

Highest Paid Contractors

ContractorServicesLocationCompensation
L&m Food ManagementFood Services3208 E BELL RD, Phoenix, AZ 85032$244,810
Dls Investment GroupBuilding Rental6532 W HILTON AVE, Phoenix, AZ 85043$130,000
Eventsource TransportationTransporationPO BOX 31934, Phoenix, AZ 85046$120,275
Williams Scottsman INCBuilding RentalPO BOX 91975, Chicago, IL 60693-1975$105,903
Revenue and Support

Revenue Composition

Contributions and Grants
$3,574,249
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$17,500
All Other Contributions
$39,892
Change in Net Assets
$265,171

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,591,749
Total Revenue per Audited Statements
$3,591,749
Total Revenue per Form 990
$3,591,749
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,730,229
Salaries, Compensation, and Employee Benefits$1,596,349
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,084,573$190,156-$1,274,729
Occupancy$454,410$87,264-$541,674
Office Expenses$347,176$174,989-$522,165
Other Expenses$224,834--$224,834
Fees for Services Other$143,224$68,608-$211,832
Current Officers, Directors, Trustees, and Key Employees-$106,621-$106,621
Payroll Taxes$82,970$22,703-$105,673
Depreciation Depletion$90,427$8,588-$99,015
Other Employee Benefits$77,300$926-$78,226
Interest$48,666$15,958-$64,624
Fees for Services Accounting-$37,040-$37,040
Pension Plan Contributions$31,100--$31,100
Insurance$21,760--$21,760
Advertising-$6,743-$6,743
Travel-$542-$542
Total Functional Expenses$2,606,440$720,138$0$3,326,578

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,326,578
Total Expenses per Audited Statements$3,326,578
Total Expenses per Form 990$3,326,578
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$253,752$175,424▼ $78,328
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent$38,000
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 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
Yes
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

A copy of the form 990 is provided to all board members for review and comment prior to filing.

Form 990, Page 6, Part VI, Line 12C

All potential conflicts of interest are brought to the attention of the board for review.

Form 990, Page 6, Part VI, Line 15A

Compensation of all top management officials are reviewed by the board and compared to compensation of similar positions at similar organizations.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Victory Collegiate Academy
EIN
81-0693484
Phone
6238109781
Address
3535 NORTH 63RD AVENUE, PHOENIX, AZ 85033

Signing Officer

Name
Nick Schuerman
Title
Executive Director
Phone
6238109781
Signed
2021-05-12

Organization Details

Principal Officer
Nick Schuerman
Formed
2015
Legal Domicile
Az
Voting Board Members
4
Independent Board Members
3
Employees
57
Volunteers
150

Preparer

Firm
Aspire Business Consultants
Address
PO BOX 12084, GLENDALE, AZ 85318-2084
Preparer
Kristin Morgan
Phone
6028812483
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

We at victory collegiate academy (vca) believe that our students can be victorious in everything they do. We provide our students access to a rich and engaging educational "healthy body, healthy mind, whole child" experience that will prepare each of them for college, career and life success. At vca, we empower the whole child through our focus on academics, nutrition, exercise, social & environmental health and character.

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IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt017500
IRS990ScheduleA/SchoolInd0X
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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/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0887762
IRS990ScheduleD/BuildingsGrp/DepreciationAmt030612
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0918374
IRS990ScheduleD/EquipmentGrp/BookValueAmt033550
IRS990ScheduleD/EquipmentGrp/DepreciationAmt014188
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt047738
IRS990ScheduleD/ExpensesSubtotalAmt03326578
IRS990ScheduleD/LandGrp/BookValueAmt0362406
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0362406
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0529942
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0155997
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0685939
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt038000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED RENT
IRS990ScheduleD/RevenueSubtotalAmt03591749
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01813660
IRS990ScheduleD/TotalExpensesPerForm990Amt03326578
IRS990ScheduleD/TotalLiabilityAmt038000
IRS990ScheduleD/TotalRevenuePerForm990Amt03591749
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03326578
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IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL'S NONDISCIMINATORY POLICY IS DISCLOSED ON THE SCHOOL'S WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECEIVES STATE EQUALIZATION ASSISTANCE AND OTHER REVENUE FROM THE STATE OF ARIZONA.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0FACILITY IMPROVEMENTS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1WORKING CAPITAL
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd1X
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt125000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0DENNIS SCHUERMAN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1NICK SCHUERMAN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0FAMILY MEMBER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1EXECUTIVE DIRECTOR
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1true
IRS990ScheduleL/TotalBalanceDueAmt0175424
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WE AT VICTORY COLLEGIATE ACADEMY (VCA) BELIEVE THAT OUR STUDENTS CAN BE VICTORIOUS IN EVERYTHING THEY DO. WE PROVIDE OUR STUDENTS ACCESS TO A RICH AND ENGAGING EDUCATIONAL "HEALTHY BODY, HEALTHY MIND, WHOLE CHILD" EXPERIENCE THAT WILL PREPARE EACH OF THEM FOR COLLEGE, CAREER AND LIFE SUCCESS. AT VCA, WE EMPOWER THE WHOLE CHILD THROUGH OUR FOCUS ON ACADEMICS, NUTRITION, EXERCISE, SOCIAL & ENVIRONMENTAL HEALTH AND CHARACTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE FORM 990 IS PROVIDED TO ALL BOARD MEMBERS FOR REVIEW AND COMMENT PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL POTENTIAL CONFLICTS OF INTEREST ARE BROUGHT TO THE ATTENTION OF THE BOARD FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION OF ALL TOP MANAGEMENT OFFICIALS ARE REVIEWED BY THE BOARD AND COMPARED TO COMPENSATION OF SIMILAR POSITIONS AT SIMILAR ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC 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 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/EOYAmt02663867
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IRS990/TotalContributionsAmt03574249
IRS990/TotalEmployeeCnt057
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0720138
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02606440
IRS990/TotalFunctionalExpensesGrp/TotalAmt03326578
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0469777
IRS990/TotalLiabilitiesEOYAmt01773738
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IRS990/TotalLiabilitiesGrp/EOYAmt01773738
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IRS990/TotalOtherCompensationAmt07500
IRS990/TotalProgramServiceExpensesAmt02606440
IRS990/TotalReportableCompFromOrgAmt0106621
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt017500
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03591749
IRS990/TotalVolunteersCnt0150
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01094735
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02663867
IRS990/TravelGrp/ManagementAndGeneralAmt0542
IRS990/TravelGrp/TotalAmt0542
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0PHOENIX
IRS990/USAddress/StateAbbreviationCd0AZ
IRS990/USAddress/ZIPCd085033
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.VICTORYCOLLEGIATEACADEMY.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0NICK SCHUERMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06238109781
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VICTORY COLLEGIATE ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0VICT
ReturnHeader/Filer/EIN0810693484
ReturnHeader/Filer/PhoneNum06238109781
ReturnHeader/Filer/USAddress/AddressLine1Txt03535 NORTH 63RD AVENUE
ReturnHeader/Filer/USAddress/CityNm0PHOENIX
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AZ
ReturnHeader/Filer/USAddress/ZIPCd085033
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0454728843
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ASPIRE BUSINESS CONSULTANTS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 12084
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GLENDALE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AZ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0853182084

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