Liabilities / Assets
91st percentile
Higher debt load relative to assets than 91% of similar nonprofits.
Victory Learning Center Inc.
990EZ • Fiscal year 2024 • EIN 87-4055963
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.64x
Liabilities / Revenue
66th percentile
Higher debt load relative to revenue than 66% of similar nonprofits.
Net Margin
26th percentile
Higher net margin than 26% of similar nonprofits.
Top Officer Pay
79th percentile
Higher top officer pay than 79% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
5th percentile
Faster asset growth than 5% of similar nonprofits.
Revenue Growth
33rd percentile
Faster revenue growth than 33% of similar nonprofits.
Balance Sheet
Assets
Down$883
Down $7,213 (-89%) from 2023
Net Assets
Down$317
Down $6,170 (-95%) from 2023
Liabilities
Down$566
Down $1,043 (-65%) from 2023
Revenue And Expenses
Revenue
Down$57,968
Down $7,373 (-11%) from 2023
Expenses
Down$64,140
Down $14,271 (-18%) from 2023
Net Income
Up-$6,172
Up $6,898 (+53%) from 2023
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- May 15, 2025
- Return Version
- 2024v5.0
- Gross Receipts
- $57,968
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. | - | $64,140 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| VICTORIA WHEATON | Executive Di | - | $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
- 2025-05-15
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 50 office supplies 672 insurance 4,966 background checks 37 bad debt 1,478 bank charges 36 professional development 632 community events 3,010 field trips 571 grant application 5,052 meals 60 miscellaneous 575 payroll processing 1,269 quickbooks payments 605 student celebrations 1,146 student food service 5,680 teaching supplies 894 technology expense 1,017 website 846 total 28,596”
Form 990-ez, Part II, Line 24
“Pledges receivable 3,948 0 prepaid expenses and deferred charges 250 0 total 4,198 0”
Form 990-ez, Part II, Line 26
“Credit cards payable 1,042 387 payroll liabilities 567 179”
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 Appendix128 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 | 3900 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 883 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 14364 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -6172 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 2621 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 8098 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 883 |
| IRS990EZ/GrossReceiptsAmt | 0 | 57968 |
| 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 | 6489 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 317 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 6489 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 317 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 4100 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 6 | 000.00 |
| 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/BOYAmt | 0 | 4198 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 28596 |
| 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 | 43604 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | PROVIDE EDUCATION TO INDIVIDUALS 3 YEARS OF AGE THROUGH 2ND GRADE. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 64140 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 28823 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | IN |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 1609 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 566 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 64140 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 64140 |
| IRS990EZ/TotalRevenueAmt | 0 | 57968 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | VLCINDY.COM |
| IRS990ScheduleA/SchoolInd | 0 | X |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES ADVERTISING 50 OFFICE SUPPLIES 672 INSURANCE 4,966 BACKGROUND CHECKS 37 BAD DEBT 1,478 BANK CHARGES 36 PROFESSIONAL DEVELOPMENT 632 COMMUNITY EVENTS 3,010 FIELD TRIPS 571 GRANT APPLICATION 5,052 MEALS 60 MISCELLANEOUS 575 PAYROLL PROCESSING 1,269 QUICKBOOKS PAYMENTS 605 STUDENT CELEBRATIONS 1,146 STUDENT FOOD SERVICE 5,680 TEACHING SUPPLIES 894 TECHNOLOGY EXPENSE 1,017 WEBSITE 846 TOTAL 28,596 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | PLEDGES RECEIVABLE 3,948 0 PREPAID EXPENSES AND DEFERRED CHARGES 250 0 TOTAL 4,198 0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | CREDIT CARDS PAYABLE 1,042 387 PAYROLL LIABILITIES 567 179 |
| 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 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | DENNIS WHEATON JR |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | TREASURER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 3179416603 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-05-15 |
| 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 | 2025-05-15 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | THOMAS R LONG CPA |
| ReturnHeader/ReturnTs | 0 | 2025-05-15T18:07:09-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $883
- Liabilities
- $566
- Net assets
- $317
- Revenue
- $57,968
- Expenses
- $64,140
- Net income
- -$6,172
| 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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