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Nonprofit · EIN 88-1004975

VICTORY ACDEMY OF TOLEDO

Tax-exempt · TOLEDO, OH 43607

Financials

$703K$1.2M2022$1.4M$1.6M2023
Revenue Expenses · by fiscal year end
Financials of VICTORY ACDEMY OF TOLEDO by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2024990$1,435,557$1,609,763-$174,206$1,042,739$1,720,252-$677,513
June 30, 2023990$702,553$1,205,860-$503,307$554,694$1,058,001-$503,307
Financial details: 990 for the year ended June 30, 2024

Revenue

Contributions, gifts and grants
$1,411,550
of which government grants
$1,399,470
Program service revenue
$0
Investment income
$0
Net rental income
$9,600
Other revenue
$24,007

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$422,841
Salaries, compensation and benefits (total)
$654,546
Professional fundraising fees
$0
Legal fees
$4,855
Occupancy
$110,174
Travel
$36,397
Depreciation
$116,689
Program services (functional)
$1,420,921
Management and general (functional)
$188,842

Balance sheet and other

Total assets, start of year
$554,694
Total assets, end of year
$1,042,739
Total liabilities, end of year
$1,720,252
Net assets, end of year
-$677,513
Land, buildings and equipment
$4,905
Gross receipts
$1,435,557
Employees
0
Volunteers
5
Year formed
2022
State of legal domicile
OH

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2024, highest compensation first.

NameTitleHours / weekCompensation
RACHEL HANNONPRESIDENT
Trustee or director, Officer
2$0
MICHELLE SHEPHARDVICE PRESIDENT
Trustee or director, Officer
2$0
CHERYL MECCHISECRETARY
Trustee or director, Officer
2$0
VINCENT RICCARDITREASURER
Trustee or director, Officer
2$0
DIANA BUSHMEMBER
Trustee or director
2$0
990 for the year ended June 30, 2023: 5 people
NameTitleHours / weekCompensation
RACHEL HANNONPRESIDENT
Trustee or director, Officer
2$0
MICHELLE SHEPHARDVICE PRESIDENT
Trustee or director, Officer
2$0
CHERYL MECCHISECRETARY
Trustee or director, Officer
2$0
VINCENT RICCARDITREASURER
Trustee or director, Officer
2$0
DIANA BUSHMEMBER
Institutional trustee
2$0

Address and contacts

Address (IRS master file)
3648 VICTORY AVE, TOLEDO, OH 43607-2564
In care of
% BOARD PRESIDENT
Principal officer (990 for 2023)
MELINDA BENKOVSKY, 3648 VICTORY AVENUE, TOLEDO, OH 43607
Signed the 990
MELINDA BENKOVSKY, VP OF FINANCE
Phone
(419) 442-8455
Return prepared by
REA & ASSOCIATES INC

Mission

FOSTERING A GROWTH MINDSET WITHIN OUR LEARNERS AND HELPING THEM TO RECOGNIZE THEIR WORTH AND THE POTENTIAL THEY HAVE TO MAKE A POSITIVE IMPACT. EMBRACING DIVERSITY IN A SAFE ENVIRONMENT THAT IS CONDUCIVE TO LEARNING.

990 for the year ended June 30, 2024

Program accomplishments

  • FOSTERING A GROWTH MINDSET WITHIN OUR LEARNERS AND HELPING THEM TO RECOGNIZE THEIR WORTH AND THE POTENTIAL THEY HAVE TO MAKE A POSITIVE IMPACT. EMBRACING DIVERSITY IN A SAFE ENVIRONMENT THAT IS CONDUCIVE TO LEARNING.
    Expenses $1,420,921 · revenue $24,007

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025Not on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
88-1004975
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
School
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2022
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B20)
Assets (IRS master file)
$1,042,739
Income (IRS master file)
$1,435,557

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2024$1,435,557$1,609,763$1,042,739IRS
990June 2023$702,553$1,205,860$554,694XML

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 88-1004975).

Questions about VICTORY ACDEMY OF TOLEDO

What is the EIN of VICTORY ACDEMY OF TOLEDO?
The employer identification number (EIN) of VICTORY ACDEMY OF TOLEDO is 88-1004975.
Is VICTORY ACDEMY OF TOLEDO tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to VICTORY ACDEMY OF TOLEDO tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does VICTORY ACDEMY OF TOLEDO file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of VICTORY ACDEMY OF TOLEDO due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did VICTORY ACDEMY OF TOLEDO last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2024.
Who is the principal officer of VICTORY ACDEMY OF TOLEDO?
The 990 for the year ended June 30, 2024 names MELINDA BENKOVSKY.
Who are the officers and directors of VICTORY ACDEMY OF TOLEDO?
The 990 for the year ended June 30, 2024 lists 5 people; 0 received compensation from the organization.
How much revenue does VICTORY ACDEMY OF TOLEDO have?
On its 990 for the year ended June 30, 2024 it reported revenue of $1,435,557, expenses of $1,609,763 and total assets of $1,042,739 at year end.

Other nonprofits in TOLEDO

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