Civic Intelligence

Valley Classical School Inc.

990 • Fiscal year 2022 • EIN 81-5388992

Jul 01, 2021 to Jun 30, 2022 • Filed on Jan 23, 2023

Organization ProfileWWW.VALLEYCLASSICALSCHOOL.ORG
2101 Shadow Lake RdBlacksburg, VA 24060

(540) 339-3930

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.77x

Higher debt load relative to assets than 93% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

91st percentile

0.48x

Higher debt load relative to revenue than 91% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

32nd percentile

-4.7%

Higher net margin than 32% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

87th percentile

$27,100

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 8.5% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

60th percentile

7.7%

Faster asset growth than 60% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

44th percentile

2.4%

Faster revenue growth than 44% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Up

$196,943

Up $14,131 (+7.7%) from 2021

Net Assets

Down

$44,395

Down $15,029 (-25%) from 2021

Liabilities

Up

$152,548

Up $29,160 (+24%) from 2021

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin32nd percentile

Revenue

Up

$318,126

Up $7,485 (+2.4%) from 2021

Expenses

Up

$333,155

Up $62,281 (+23%) from 2021

Net Income

Down

-$15,029

Down $54,796 (-138%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth60th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2017: $70,396Liabilities 2017: $14,683Net Assets 2017: $55,7132017Assets 2018: $91,254Liabilities 2018: $4,8312018Assets 2019: $123,842Liabilities 2019: $5,093Net Assets 2019: $118,7492019Assets 2020: $105,605Liabilities 2020: $85,948Net Assets 2020: $19,6572020Assets 2021: $182,812Liabilities 2021: $123,388Net Assets 2021: $59,4242021Assets 2022: $196,943Liabilities 2022: $152,548Net Assets 2022: $44,3952022Assets 2023: $257,073Liabilities 2023: $185,996Net Assets 2023: $71,0772023Assets 2024: $306,434Liabilities 2024: $200,467Net Assets 2024: $105,9672024Assets 2025: $1,788,451Liabilities 2025: $280,364Net Assets 2025: $1,508,0872025

Highlighted filing

2022

Assets$196,943
Liabilities$152,548
Net Assets$44,395
Open 2022 Filing

Operations Trend

Revenue Growth44th percentile

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

$2.0M$1.0M$0-$1.0MRevenue 2017: $119,383Expenses 2017: $63,670Net Income 2017: $55,7132017Revenue 2018: $79,135Expenses 2018: $48,659Net Income 2018: $30,4762018Revenue 2019: $210,480Expenses 2019: $180,312Net Income 2019: $30,1682019Revenue 2020: $158,575Expenses 2020: $257,667Net Income 2020: -$99,0922020Revenue 2021: $310,641Expenses 2021: $270,874Net Income 2021: $39,7672021Revenue 2022: $318,126Expenses 2022: $333,155Net Income 2022: -$15,0292022Revenue 2023: $400,144Expenses 2023: $373,462Net Income 2023: $26,6822023Revenue 2024: $460,320Expenses 2024: $425,430Net Income 2024: $34,8902024Revenue 2025: $1,940,559Expenses 2025: $538,439Net Income 2025: $1,402,1202025

Highlighted filing

2022

Revenue$318,126
Expenses$333,155
Net Income-$15,029
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Jan 23, 2023
Return Version
2021v4.0
Gross Receipts
$318,126
Mission and Program Overview

Mission

Providing primary and secondary education.

Vcs is organized soley for the purpose of providing primary and secondary education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$14,449$118,862▲ $104,413
Savings and Temporary Cash Investments$168,114$78,081▼ $90,033
Prepaid Expenses and Deferred Charges$249--
Total Assets$182,812$196,943▲ $14,131
Liabilities
Deferred Revenue$121,756$150,237▲ $28,481
Accounts Payable and Accrued Expenses$1,632$2,311▲ $679
Total Liabilities$123,388$152,548▲ $29,160
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$59,424$44,395▼ $15,029
Total Net Assets Fund Balance$59,424$44,395▼ $15,029
Total Liabilities and Net Assets / Fund Balance$182,812$196,943▲ $14,131
Compensation and Service Providers
Top Officer Pay87th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Justin ZahraeeHead of SchoFT$27,100$27,100

Board Members and Trustees

NameTitle
Mike BuehrerChairman
Matthew MccarthyDirector
Philip BowlingDirector
Rachel CutherellDirector
Brittany LottsAdvisory Mem
Mary JaasmaSecretary
Josh KardosTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$48,665
Program Service Revenue
$269,447
Investment Income
$14
Other Revenue
$0
All Other Contributions
$48,665
Change in Net Assets
$-15,029
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$286,022
Other Expenses$47,133
Total Fundraising Expense$14,220
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$153,800$57,476$6$211,282
Current Officers, Directors, Trustees, and Key Employees$35,900$5,000$13,300$54,200
Payroll Taxes$13,030$4,291$914$18,235
Occupancy$6,187$3,950-$10,137
All Other Expenses$1,023$8,014-$9,037
Office Expenses$4,266$96-$4,362
Information Technology-$3,196-$3,196
Other Expenses$2,487$2,416-$2,416
Other Employee Benefits-$2,305-$2,305
Advertising-$1,937-$1,937
Fees for Services Other$1,680--$1,680
Fees for Services Accounting-$915-$915
Total Functional Expenses$222,795$96,140$14,220$333,155
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
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

“Board of directors review of a copy of the return before signing and authorizing filing with the irs.”

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

“Board members sign conflict of interest forms annually.”

Form 990, Page 6, Part VI, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Valley Classical School Inc
EIN
81-5388992
Phone
5403393930
Address
2101 SHADOW LAKE RD, BLACKSBURG, VA 24060

Signing Officer

Name
Justin Zahraee
Title
Head of School
Phone
5403393930
Signed
2023-01-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mike Buehrer
Formed
2017
Legal Domicile
Va
Voting Board Members
7
Independent Board Members
7
Employees
23
Volunteers
7

Preparer

Firm
Cooke Lavender Massey & Company Pc
Address
2001 S MAIN ST STE 6, BLACKSBURG, VA 24060-6667
Preparer
Jeffrey Call CPA
Phone
5409531152
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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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IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0182812
IRS990/TotalAssetsEOYAmt0196943
IRS990/TotalAssetsGrp/BOYAmt0182812
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IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt048665
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt096140
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0222795
IRS990/TotalFunctionalExpensesGrp/TotalAmt0333155
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IRS990/TotalProgramServiceExpensesAmt0222795
IRS990/TotalProgramServiceRevenueAmt0269447
IRS990/TotalReportableCompFromOrgAmt027100
IRS990/TotalRevenueGrp/ExclusionAmt014
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0269447
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0318126
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0182812
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IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02101 SHADOW LAKE RD
IRS990/USAddress/CityNm0BLACKSBURG
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd024060
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.VALLEYCLASSICALSCHOOL.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-03-07 01:45:13Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JUSTIN ZAHRAEE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0HEAD OF SCHOOL
ReturnHeader/BusinessOfficerGrp/PhoneNum05403393930
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-01-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VALLEY CLASSICAL SCHOOL INC
ReturnHeader/Filer/BusinessNameControlTxt0VALL
ReturnHeader/Filer/EIN0815388992
ReturnHeader/Filer/PhoneNum05403393930
ReturnHeader/Filer/USAddress/AddressLine1Txt02101 SHADOW LAKE RD
ReturnHeader/Filer/USAddress/CityNm0BLACKSBURG
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd024060
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0541451058
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0COOKE LAVENDER MASSEY & COMPANY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02001 S MAIN ST STE 6
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BLACKSBURG
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0240606667
ReturnHeader/PreparerPersonGrp/PhoneNum05409531152
ReturnHeader/PreparerPersonGrp/PreparationDt02023-01-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFFREY CALL CPA
ReturnHeader/ReturnTs02023-01-23T11:28:22-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JUSTIN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ZAHRAEE
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$196,943
Liabilities
$152,548
Net assets
$44,395
Revenue
$318,126
Expenses
$333,155
Net income
-$15,029
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.79$0.28$1.51$1.94$0.54$1.40
2024Detailed filing. Detailed filing data is available for this year.$0.31$0.20$0.11$0.46$0.43$0.03
2023Detailed filing. Detailed filing data is available for this year.$0.26$0.19$0.07$0.40$0.37$0.03
2022Detailed filing. Detailed filing data is available for this year.$0.20$0.15$0.04$0.32$0.33$0.02
2021Detailed filing. Detailed filing data is available for this year.$0.18$0.12$0.06$0.31$0.27$0.04
2020Detailed filing. Detailed filing data is available for this year.$0.11$0.09$0.02$0.16$0.26$0.10
2019Detailed filing. Detailed filing data is available for this year.$0.12$0.01$0.12$0.21$0.18$0.03
2018Summary only. Only limited summary data is available for this year.$0.09$0.00$0.08$0.05$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.07$0.01$0.06$0.12$0.06$0.06