Liabilities / Assets
84th percentile
Higher debt load relative to assets than 84% of similar nonprofits.
Victory Learning Center Inc.
990EZ • Fiscal year 2023 • EIN 87-4055963
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.20x
Liabilities / Revenue
73rd percentile
Higher debt load relative to revenue than 73% of similar nonprofits.
Net Margin
19th percentile
Higher net margin than 19% 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
8th percentile
Faster asset growth than 8% of similar nonprofits.
Revenue Growth
72nd percentile
Faster revenue growth than 72% of similar nonprofits.
Balance Sheet
Assets
Down$8,096
Down $11,851 (-59%) from 2022
Net Assets
Down$6,487
Down $13,069 (-67%) from 2022
Liabilities
Up$1,609
Up $1,218 (+312%) from 2022
Revenue And Expenses
Revenue
Up$65,341
Up $15,075 (+30%) from 2022
Expenses
Up$78,411
Up $37,707 (+93%) from 2022
Net Income
Down-$13,070
Down $22,632 (-237%) from 2022
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2023 to Dec 31, 2023
- Signed
- Feb 7, 2024
- Return Version
- 2023v4.0
- Gross Receipts
- $65,341
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. | - | $78,411 |
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 | VP/Secretary | - | $0 | - | - |
| DENNIS WHEATON JR | Treasurer | - | $0 | - | - |
| DORIAN PINNER | Board Member | - | $0 | - | - |
| YVETTE ELLIS | Board Member | - | $0 | - | - |
| DR TONI DICKERSON | 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
- Dennis Wheaton Jr
- Title
- Treasurer
- Phone
- 3179416603
- Signed
- 2024-02-07
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 2,906 office supplies 675 insurance 7,106 background checks 38 bad debt 1,077 bank charges 68 community events 5,351 employee drug screen 468 equipment rental 367 field trips 1,388 grant application 1,600 meals 792 miscellaneous 200 payroll processing 282 quickbooks payments 1,230 rent 4,500 student celebrations 3,674 student food service 8,793 teaching supplies 1,933 technology expense 2,414 website 1,103 total 45,965”
Form 990-ez, Part II, Line 24
“Pledges receivable 0 3,948 prepaid expenses and deferred charges 0 250 total 0 4,198”
Form 990-ez, Part II, Line 26
“Credit cards payable 391 1,042 payroll liabilities 0 567”
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 Appendix136 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/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/BOYAmt | 0 | 19948 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 3898 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 16499 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -13070 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 10889 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 19948 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 8096 |
| IRS990EZ/GrossReceiptsAmt | 0 | 65341 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 19557 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 6487 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 19557 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 6487 |
| 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 | DR TONI DICKERSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | EXECUTIVE DI |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | VP/SECRETARY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | TREASURER |
| 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/OtherAssetsTotalDetail/EOYAmt | 0 | 4198 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 45965 |
| 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 | 48842 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | PROVIDE EDUCATION TO INDIVIDUALS 3 YEARS OF AGE THROUGH 2ND GRADE. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 78411 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 21557 |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | IN |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 391 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 1609 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 78411 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 78411 |
| IRS990EZ/TotalRevenueAmt | 0 | 65341 |
| 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 2,906 OFFICE SUPPLIES 675 INSURANCE 7,106 BACKGROUND CHECKS 38 BAD DEBT 1,077 BANK CHARGES 68 COMMUNITY EVENTS 5,351 EMPLOYEE DRUG SCREEN 468 EQUIPMENT RENTAL 367 FIELD TRIPS 1,388 GRANT APPLICATION 1,600 MEALS 792 MISCELLANEOUS 200 PAYROLL PROCESSING 282 QUICKBOOKS PAYMENTS 1,230 RENT 4,500 STUDENT CELEBRATIONS 3,674 STUDENT FOOD SERVICE 8,793 TEACHING SUPPLIES 1,933 TECHNOLOGY EXPENSE 2,414 WEBSITE 1,103 TOTAL 45,965 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | PLEDGES RECEIVABLE 0 3,948 PREPAID EXPENSES AND DEFERRED CHARGES 0 250 TOTAL 0 4,198 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | CREDIT CARDS PAYABLE 391 1,042 PAYROLL LIABILITIES 0 567 |
| 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 II, LINE 24 |
| 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 | DENNIS WHEATON JR |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | TREASURER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 3179416603 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2024-02-07 |
| 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 | true |
| 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 | 2024-02-09 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | THOMAS R LONG CPA |
| ReturnHeader/ReturnTs | 0 | 2024-02-09T10:30:14-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | DENNIS |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | WHEATON JR |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2023-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2023-12-31 |
| ReturnHeader/TaxYr | 0 | 2023 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $8,096
- Liabilities
- $1,609
- Net assets
- $6,487
- Revenue
- $65,341
- Expenses
- $78,411
- Net income
- -$13,070
| 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 |