Civic Intelligence

Valor Academy Inc

990 • Fiscal year 2022 • EIN 84-4534277

Jul 01, 2021 to Jun 30, 2022 • Filed on Apr 13, 2023

Organization Profilevaloroh.org
1330 Atcheson StreetColumbus, OH 43222

(614) 610-4544

Siviq Scores

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

Liabilities / Assets

95th percentile

1.06x

Higher debt load relative to assets than 95% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

84th percentile

0.70x

Higher debt load relative to revenue than 84% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

23rd percentile

-7.7%

Higher net margin than 23% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$1,250

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.1% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

99th percentile

561%

Faster asset growth than 99% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

92nd percentile

119%

Faster revenue growth than 92% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$720,856

Up $611,813 (+561%) from 2021

Net Assets

Down

-$45,391

Down $84,382 (-216%) from 2021

Liabilities

Up

$766,247

Up $696,195 (+994%) from 2021

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin23rd percentile

Revenue

Up

$1,102,061

Up $599,074 (+119%) from 2021

Expenses

Up

$1,186,443

Up $722,447 (+156%) from 2021

Net Income

Down

-$84,382

Down $123,373 (-316%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$1.5M$1.0M$500K$0-$500KAssets 2021: $109,043Liabilities 2021: $70,052Net Assets 2021: $38,9912021Assets 2022: $720,856Liabilities 2022: $766,247Net Assets 2022: -$45,3912022Assets 2023: $778,595Liabilities 2023: $945,297Net Assets 2023: -$166,7022023Assets 2024: $822,507Liabilities 2024: $1,153,721Net Assets 2024: -$331,2142024Assets 2025: $0Liabilities 2025: $0Net Assets 2025: $02025

Highlighted filing

2022

Assets$720,856
Liabilities$766,247
Net Assets-$45,391
Open 2022 Filing

Operations Trend

Revenue Growth92nd percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2021: $502,987Expenses 2021: $463,996Net Income 2021: $38,9912021Revenue 2022: $1,102,061Expenses 2022: $1,186,443Net Income 2022: -$84,3822022Revenue 2023: $1,176,101Expenses 2023: $1,297,412Net Income 2023: -$121,3112023Revenue 2024: $1,345,285Expenses 2024: $1,509,797Net Income 2024: -$164,5122024Revenue 2025: $0Expenses 2025: $0Net Income 2025: $02025

Highlighted filing

2022

Revenue$1,102,061
Expenses$1,186,443
Net Income-$84,382
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Apr 13, 2023
Return Version
2021v4.0
Gross Receipts
$1,102,061
Mission and Program Overview

Mission

Our mission is to ensure students are making progress towards college, career, and life readiness while demonstrating competency of the Ohio Learning Standards.

At Valor Academy, we're dedicated to providing our students with unparalleled personalized support, coursework, and flexibility. Unlike a fully virtual or traditional school, Valor Academy follows a truly unique hybrid model.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$66,927$77,013▲ $10,086
Cash and Non-Interest-Bearing Accounts$3,309$50,130▲ $46,821
Total Assets$109,043$720,856▲ $611,813
Other Assets Total$38,807$593,713▲ $554,906
Liabilities
Other Liabilities-$609,889-
Accounts Payable and Accrued Expenses$70,052$156,358▲ $86,306
Total Liabilities$70,052$766,247▲ $696,195
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$0→ $0
Net Assets Without Donor Restrictions$38,991$-45,391▼ $84,382
Total Net Assets Fund Balance$38,991$-45,391▼ $84,382
Total Liabilities and Net Assets / Fund Balance$109,043$720,856▲ $611,813

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$38,824--
Compensation and Service Providers
Top Officer Pay39th percentile

Employees

NameTitleBaseTotal
Dwight AnstaettBoard Member$1,250$1,250
Sean PattersonBoard Member$1,250$1,250
David JonesBoard Member$1,000$1,000
Jevon CollinsBoard Member$625$625
Lorraine TerryBoard Member$500$500
Tracy KitchelBoard Member$125$125

Highest Paid Contractors

ContractorServicesLocationCompensation
StrongmindManagement Services2501 North Arizona Avenue, Chandler, AZ 85225$934,229
Revenue and Support

Revenue Composition

Contributions and Grants
$1,102,061
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,102,061
Change in Net Assets
$-84,382

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,102,061
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$1,102,061
Total Revenue per Form 990
$1,102,061
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$707,406
Salaries, Compensation, and Employee Benefits$479,037
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$410,255--$410,255
Other Salaries and Wages$334,786--$334,786
Other Employee Benefits$144,251--$144,251
Other Expenses$66,472$0$0$66,472
Occupancy$56,720--$56,720
Fees for Services Accounting$36,477--$36,477
Fees for Services Legal$19,191--$19,191
Insurance$7,959--$7,959
Total Functional Expenses$1,186,443$0$0$1,186,443

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,186,443
Total Expenses per Audited Statements$1,186,443
Total Expenses per Form 990$1,186,443
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Pension Liability$292,656
Deferred Inflows of Resources - Pension$239,167
Deferred Inflows of Resources - OPEB$56,945
Net OPEB Liability$21,121
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
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The school contracted with a management company, Strongmind, to provide certain operational and management functions.”

Form 990, Part VI, Section B, Line 11B

“The Form 990 is prepared and reviewed by the fiscal officer. After the review of the Form 990, it is provided to the Board of Directors legal counsel for review. Once completed, it is then provided to the Board President for review and final signature.”

Form 990, Part VI, Section B, Line 12C

“The Board of Directors, in conjunctions with their legal counsel, consistently review compliance with federal and state regulations. In addition, the school is continuously monitored by its sponsor to ensure compliance with laws and regulations.”

Form 990, Part VI, Section C, Line 19

“The school's governing documents, conflict of interest policy and financial statements are maintained by its legal counsel and fiscal officer and may be provided upon request.”

Filing and Contact Details

Filer

Filer Name
Valor Academy Inc
EIN
84-4534277
Phone
6146104544
Address
1330 Atcheson Street, Columbus, OH 43222

Signing Officer

Name
C David Massa
Title
Treasurer
Phone
3305150572
Signed
2023-04-13

Organization Details

Principal Officer
C David Massa
Formed
2020
Legal Domicile
Oh
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
0
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“All other professional and technical services provided.”

Raw XML Appendix400 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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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/ExplanationTxt0Posted on the school's website.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The school contracted with a management company, Strongmind, to provide certain operational and management functions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 is prepared and reviewed by the fiscal officer. After the review of the Form 990, it is provided to the Board of Directors legal counsel for review. Once completed, it is then provided to the Board President for review and final signature.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board of Directors, in conjunctions with their legal counsel, consistently review compliance with federal and state regulations. In addition, the school is continuously monitored by its sponsor to ensure compliance with laws and regulations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The school's governing documents, conflict of interest policy and financial statements are maintained by its legal counsel and fiscal officer and may be provided upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4All other professional and technical services provided.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 11g
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0109043
IRS990/TotalAssetsEOYAmt0720856
IRS990/TotalAssetsGrp/BOYAmt0109043
IRS990/TotalAssetsGrp/EOYAmt0720856
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01102061
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01186443
IRS990/TotalFunctionalExpensesGrp/TotalAmt01186443
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt070052
IRS990/TotalLiabilitiesEOYAmt0766247
IRS990/TotalLiabilitiesGrp/BOYAmt070052
IRS990/TotalLiabilitiesGrp/EOYAmt0766247
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt038991
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-45391
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt01186443
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt04750
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01102061
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0109043
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0720856
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01030 N Main Street
IRS990/USAddress/CityNm0North Canton
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd044720
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0https://valoroh.org/
IRS990/WhistleblowerPolicyInd01
ReasonableCauseExplanation/ExplanationTxt0The school waited for final audited financial statements prior to filing the Form 990.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/LastSubmissionRqrOOBCd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd011
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd01
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0C David Massa
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum03305150572
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-04-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VALOR ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0VALO
ReturnHeader/Filer/EIN0844534277
ReturnHeader/Filer/PhoneNum06146104544
ReturnHeader/Filer/USAddress/AddressLine1Txt01330 Atcheson Street
ReturnHeader/Filer/USAddress/CityNm0Columbus
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd043222
ReturnHeader/ReturnTs02023-05-02T12:18:03-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$720,856
Liabilities
$766,247
Net assets
-$45,391
Revenue
$1,102,061
Expenses
$1,186,443
Net income
-$84,382
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$0.00$0.00$0.00
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.82$1.15$0.33$1.35$1.51$0.16
2023Summary only. Only limited summary data is available for this year.$0.78$0.95$0.17$1.18$1.30$0.12
2022Detailed filing. Detailed filing data is available for this year.$0.72$0.77$0.05$1.10$1.19$0.08
2021Summary only. Only limited summary data is available for this year.$0.11$0.07$0.04$0.50$0.46$0.04