Overview
What is Victory College Prep Inc?
Victory College Prep Inc, based in Indiana, is a nonprofit organization dedicated to expanding educational opportunities for students and their families. Their approach emphasizes academic success through extended instructional hours, small class sizes, and a strong foundational education. Core values include perseverance, communication, collaboration, and critical thinking. Lighthouse Academies of Indiana Inc (LAI) initiated the establishment of Victory College Prep Inc to offer new public charter school options for students and their families.
Official website here: www.victorycollegeprep.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating.
Victory College Prep Inc has received a Two-Star rating from Charity Navigator, indicating some strengths alongside notable areas for improvement. The organization excels in board composition, with 100% of its board members being independent, and demonstrates strong financial oversight through its audit committee. Additionally, the high program expense ratio of 88.74% suggests that a significant portion of its expenditures is directed towards its programs.
Despite these strengths, there are several significant limitations that affect its overall rating. The organization lacks key governance policies, such as a whistleblower policy and a document retention policy, which could impact transparency and accountability. Furthermore, the absence of its tax form on the nonprofit's website raises concerns about accessibility of financial information for stakeholders.
Lastly, the liabilities to assets ratio of 76.19% indicates a concerning level of liabilities relative to its assets, which may pose financial risks. Addressing these governance and financial transparency issues could enhance the organization's performance and reputation in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Victory College Prep Inc legitimate?
Victory College Prep Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Victory College Prep Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $300,898
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,385,376
For more financial information, click here
Official website here: www.victorycollegeprep.org
What is the mission statement of Victory College Prep Inc?
Victory College Prep Inc is dedicated to ensuring academic success for students by enhancing instructional time, maintaining small class sizes, and providing a solid foundation. Their core values include perseverance, communication, collaboration, and critical thinking. Lighthouse Academies of Indiana, Inc. was founded to expand educational options for students and their families by establishing new public charter schools.
Official website here: www.victorycollegeprep.org
What is the revenue of Victory College Prep Inc?
Victory College Prep Inc's revenue in 2024 was $18,071,924.
Official website here: www.victorycollegeprep.org
Who are the executives of Victory College Prep Inc and what are their salaries?
The average compensation at Victory College Prep Inc during 2024 was $40,401. There are 215 employees and 16 volunteers at Victory College Prep Inc.
Here are 11 key members and their salaries:
- Compensation: $184,480
- Related: $0
- Other: $24,838
- Compensation: $19,904
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- Other: $2,655
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Official website here: www.victorycollegeprep.org
Where can I find the form 990 for Victory College Prep Inc?
Victory College Prep Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.victorycollegeprep.org
Learn more at the official website: www.victorycollegeprep.org
Mission Statement of Victory College Prep Inc
Victory College Prep Inc, a dedicated organization, is committed to ensuring academic success for students by enhancing instructional time, offering small class sizes, and providing a solid academic foundation. With a focus on perseverance, communication, collaboration, and critical thinking, this nonprofit aims to make a significant difference in the lives of its students.
Established with a mission to expand educational opportunities for students and their families, Lighthouse Academies of Indiana, Inc. (LAI) gave birth to Victory College Prep Inc. This innovative nonprofit was founded to create new, publicly-funded charter schools as choices for students seeking quality education. By fostering an environment that prioritizes academic growth, Victory College Prep Inc. empowers students to reach their full potential and build a strong foundation for their future.
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Impact
October, 2024
Victory College Prep Inc significantly impacts education by enhancing academic success through strategic approaches such as increasing instructional time and maintaining small class sizes. By focusing on creating a strong academic foundation, the organization ensures that students receive personalized attention, which fosters better learning outcomes. Their core values—perseverance, communication, collaboration, and critical thinking—equip students with essential skills that extend beyond the classroom. Established as a part of Lighthouse Academies of Indiana, Inc., Victory College Prep plays a vital role in providing innovative public charter school options for families in Indianapolis, promoting educational equity and empowering the next generation of learners.
This information is meant to be a general summary of Victory College Prep Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $239,985
- Program Service Revenue: $148,136
- Gross Receipts: $18,071,924
Assets and Liabilities:
- Total Assets: $16,035,849
- Total Liabilities: $14,751,129
- Net Assets: $1,284,720
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDENT FEES
Revenue
$148,136
Organization Details
Founding Year
2004
Principal Officer
Ryan Gall
Website
www.victorycollegeprep.orgNTEE Category
Code: B29 - Education
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