Liabilities / Assets
69th percentile
Higher debt load relative to assets than 69% of similar nonprofits.
Victory Learning Center Inc.
990EZ • Fiscal year 2022 • EIN 87-4055963
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.02x
Liabilities / Revenue
65th percentile
Higher debt load relative to revenue than 65% of similar nonprofits.
Net Margin
69th percentile
Higher net margin than 69% of similar nonprofits.
Top Officer Pay
78th percentile
Higher top officer pay than 78% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Revenue Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Balance Sheet
Assets
$19,947
No earlier filing loaded for comparison.
Net Assets
$19,556
No earlier filing loaded for comparison.
Liabilities
$391
No earlier filing loaded for comparison.
Revenue And Expenses
Revenue
$50,266
No earlier filing loaded for comparison.
Expenses
$40,704
No earlier filing loaded for comparison.
Net Income
$9,562
No earlier filing loaded for comparison.
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2022 to Dec 31, 2022
- Signed
- Jul 17, 2023
- Return Version
- 2022v5.0
- Gross Receipts
- $50,266
Mission and Program Overview
Mission
Our mission is to provide a nurturing, positive, loving, safe and structured environment where young children can learn through education, extracurricular activities, and play. Our program is designed to meet individual needs in the area of emotional, intellectual, spiritual, social, and physical growth.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| PROVIDE EDUCATION TO INDIVIDUALS 3 YEARS OF AGE THROUGH 2ND GRADE. | - | $40,704 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| VICTORIA WHEATON | Executive Di | FT | $0 | - | - |
| MIKAL FARLEY | President | - | $0 | - | - |
| VERNA MOORE | Treasurer | - | $0 | - | - |
| DENNIS WHEATON JR | Secretary | - | $0 | - | - |
| DORIAN PINNER | Board Member | - | $0 | - | - |
| YVETTE ELLIS | Board Member | - | $0 | - | - |
| REBECCA YOUNG | Board Member | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Victory Learning Center Inc
- EIN
- 87-4055963
- Phone
- 3179416603
- Address
- PO BOX 7161, FISHERS, IN 46038
Signing Officer
- Name
- Verna Moore
- Title
- Treasurer
- Phone
- 3179416603
- Signed
- 2023-07-17
Preparer
- Firm
- Long & Associates Pc
- Address
- 8388 E 116TH ST SUITE A, FISHERS, IN 46038-9370
- Preparer
- Thomas R Long CPA
- Phone
- 3175775975
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16
“Expenses advertising 3,105 office supplies 82 insurance 5,067 bank charges 398 equipment rental 116 field trips 424 graduation 1,007 meals 1,474 quickbooks payments 732 rent 5,500 teaching supplies 2,666 technology expense 1,033 total 21,604”
Form 990-ez, Part I, Line 20
“Retained earnings from llc 9,994”
Form 990-ez, Part II, Line 26
“Credit cards payable 0 391”
Form 990-ez, Part III
“Our mission is to provide a nurturing, positive, loving, safe and structured environment where young children can learn through education, extracurricular activities, and play. Our program is designed to meet individual needs in the area of emotional, intellectual, spiritual, social, and physical growth.”
Raw XML Appendix134 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 |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/AddressChangeInd | 0 | X |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | VICTORIA WHEATON |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 3179416603 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | PO BOX 7161 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | FISHERS |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | IN |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 46038 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 19947 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 22577 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 9562 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 19100 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 19947 |
| IRS990EZ/GrossReceiptsAmt | 0 | 50266 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InitialReturnInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 19556 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 0 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 19556 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 40.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 6 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | VICTORIA WHEATON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | MIKAL FARLEY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | VERNA MOORE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | DENNIS WHEATON JR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | DORIAN PINNER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | YVETTE ELLIS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 6 | REBECCA YOUNG |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | EXECUTIVE DI |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | SECRETARY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | BOARD MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | BOARD MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 6 | BOARD MEMBER |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 9994 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 21604 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | OUR MISSION IS TO PROVIDE A NURTURING, POSITIVE, LOVING, SAFE AND STRUCTURED ENVIRONMENT WHERE YOUNG CHILDREN CAN LEARN THROUGH EDUCATION, EXTRACURRICULAR ACTIVITIES, AND PLAY. OUR PROGRAM IS DESIGNED TO MEET INDIVIDUAL NEEDS IN THE AREA OF EMOTIONAL, INTELLECTUAL, SPIRITUAL, SOCIAL, AND PHYSICAL GROWTH. |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 27689 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | PROVIDE EDUCATION TO INDIVIDUALS 3 YEARS OF AGE THROUGH 2ND GRADE. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 40704 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | IN |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 391 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 40704 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 40704 |
| IRS990EZ/TotalRevenueAmt | 0 | 50266 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | VLCINDY.COM |
| IRS990ScheduleA/SchoolInd | 0 | X |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES ADVERTISING 3,105 OFFICE SUPPLIES 82 INSURANCE 5,067 BANK CHARGES 398 EQUIPMENT RENTAL 116 FIELD TRIPS 424 GRADUATION 1,007 MEALS 1,474 QUICKBOOKS PAYMENTS 732 RENT 5,500 TEACHING SUPPLIES 2,666 TECHNOLOGY EXPENSE 1,033 TOTAL 21,604 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | RETAINED EARNINGS FROM LLC 9,994 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | CREDIT CARDS PAYABLE 0 391 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | OUR MISSION IS TO PROVIDE A NURTURING, POSITIVE, LOVING, SAFE AND STRUCTURED ENVIRONMENT WHERE YOUNG CHILDREN CAN LEARN THROUGH EDUCATION, EXTRACURRICULAR ACTIVITIES, AND PLAY. OUR PROGRAM IS DESIGNED TO MEET INDIVIDUAL NEEDS IN THE AREA OF EMOTIONAL, INTELLECTUAL, SPIRITUAL, SOCIAL, AND PHYSICAL GROWTH. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 20 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART III |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | VERNA MOORE |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | TREASURER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 3179416603 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2023-07-17 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | VICTORY LEARNING CENTER INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | VICT |
| ReturnHeader/Filer/EIN | 0 | 874055963 |
| ReturnHeader/Filer/PhoneNum | 0 | 3179416603 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | PO BOX 7161 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | FISHERS |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | IN |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 46038 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | false |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 352009629 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | LONG & ASSOCIATES PC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 8388 E 116TH ST SUITE A |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | FISHERS |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | IN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 460389370 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 3175775975 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2023-07-17 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | THOMAS R LONG CPA |
| ReturnHeader/ReturnTs | 0 | 2023-07-17T15:38:03-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | VERNA |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | MOORE |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2022-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2022-12-31 |
| ReturnHeader/TaxYr | 0 | 2022 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $19,947
- Liabilities
- $391
- Net assets
- $19,556
- Revenue
- $50,266
- Expenses
- $40,704
- Net income
- $9,562
| Balance Sheet | Operations | |||||
|---|---|---|---|---|---|---|
| Year | Assets | Liabilities | Net Assets | Revenue | Expenses | Net Income |
| 2024Detailed filing. Detailed filing data is available for this year. | $0.88 | $0.57 | $0.32 | $58.0 | $64.1 | $6.17 |
| 2023Detailed filing. Detailed filing data is available for this year. | $8.10 | $1.61 | $6.49 | $65.3 | $78.4 | $13.1 |
| 2022Detailed filing. Detailed filing data is available for this year. | $19.9 | $0.39 | $19.6 | $50.3 | $40.7 | $9.56 |
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