2021-05-17T22:37:49-05:00 2020-06-30 815081933 PAUL J CHRISTENSEN & ASSOCIATES LLC 2110 AUSTIN AVE WACO TX 76701 990 2019-07-01 463834044 VALOR PREPARATORY ACADEMY VALO 2542350575 4600 SANGER AVE WACO TX 76701 ASHLEY GRIESEMER PRESIDENT 2542350575 2021-06-15 true ANDREW W SAULS CPA P01954519 2547523436 2021-05-17 2019 2022-09-23 18:48:47Z ASHLEY GRIESEMER 1458421 false X VALORPREP.COM X 2013 TX THE MISSION OF VALOR PREPARATORY ACADEMY IS TO PARTNER WITH FAMILIES TO PROVIDE EXCELLENT EDUCATION AND DEVELOP PASSIONATE DISIPLES OF JESUS, WHO ARE PREPARED TO COURAGEOUSLY INFLUENCE CULTURE FOR THE GLORY OF GOD. 6 6 57 0 55857 182504 1099396 1275776 10 141 0 1155263 1458421 0 0 671726 860190 0 0 353847 352482 1025573 1212672 129690 245749 1163170 1530401 470186 596769 692984 933632 THE MISSION OF VALOR PREPARATORY ACADEMY IS TO PARTNER WITH FAMILIES TO PROVIDE EXCELLENT EDUCATION AND DEVELOP PASSIONATE DISIPLES OF JESUS, WHO ARE PREPARED TO COURAGEOUSLY INFLUENCE CULTURE FOR THE GLORY OF GOD. false false 847042 1275776 VALOR PREPARATORY ACADEMY IS A CHRISTIAN, CLASSICAL, UNIVERSITY-MODEL SCHOOL SERVING PRE-K THROUGH 10TH GRADE STUDENTS AND THEIR FAMILIES. 847042 true true false false false false false false false false true false false false true true false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 6 0 false 57 true false false false false false false false false false false false false false false X 6 6 true false false false false false false true true false false true true true true false false false false false JARED NAZARIAN 2542350575 4600 SANGER AVE WACO TX 76710 X LIBBY DELEENHEER DIRECTOR X X 0 0 0 ASHLEY GRIESEMER PRESIDENT X 0 0 0 SHAWN GRIESEMER SECRETARY X 0 0 0 RACHEL HOBBS SECRETARY X 0 0 0 MICK MURRAY DIRECTOR X 0 0 0 JAMIE STIMSON DIRECTOR X X 0 0 0 false false false 182504 182504 TUITION REVENUE 611600 1139130 1139130 FEE REVENUE 611600 73580 73580 STUDENT SERVICES REVENUE 611600 32314 32314 OTHER REVENUE 611600 21461 21461 ATHLETIC REVENUE 611600 9291 9291 1275776 141 141 1458421 1275917 64248 64248 689666 538491 151175 47921 29922 17999 58355 41578 16777 1000 1000 1688 1688 2411 2411 24218 24218 13405 13405 7275 7275 25670 25670 11892 11892 18816 18816 ACADEMIC EXPENSE 49742 49742 UTILITY EXPENSES 33455 33455 OTHER STUDENT SERVICES 27843 27843 MAINTENANCE EXPENSES 24055 24055 111012 69384 41628 1212672 847042 365630 0 327203 513547 51963 50546 591 10541 1003015 47248 783413 955767 1163170 1530401 36456 49175 433730 408394 139200 470186 596769 X 692984 933632 692984 933632 1163170 1530401 X 245749 -5101 X false false false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 366150 366150 405881 38575 367306 19690 7119 12571 211294 1554 209740 955767 PPP LOAN 139200 139200 X SCHEDULE D, PAGE 3, PART X PART X - FIN 48 FOOTNOTE PART X - UNCERTAIN TAX POSITIONS UNDER ASC 740 FOOTNOTE: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT TO THE EXTENT IT HAS UNRELATED BUSINESS INCOME FOR THE YEAR ENDED JUNE 30, 2020. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES THE ORGANIZATION TO RECOGNIZE IN IT'S FINANCIAL STATEMENTS THE FINANCIAL EFFECTS OF A TAX POSITION, IF THAT POSITION IS MORE LIKELY THAN NOT OF BEING SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTION OF ANY APPEALS OR LITIGATION PROCESSES, BASED UPON THE TECHNICAL MERITS OF THE TAX POSITION. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA ALSO PROVIDES GUIDANCE ON MEASUREMENT, CLASSIFICATION, INTEREST AND PENALTIES, AND DISCLOSURE. TAX POSITIONS TAKEN RELATED TO THE ORGANIZATION'S TAX EXEMPT STATUS, UNRELATED BUSINESS ACTIVITIES TAXABLE INCOME AND DEDUCTIBILITY OF EXPENSES AND OTHER MISCELLANEOUS TAX POSITIONS HAVE BEEN REVIEWED, AND MANAGEMENT IS OF THE OPINION THAT MATERIAL POSITIONS TAKEN WOULD MORE LIKELY THAN NOT BE SUSTAINED BY EXAMINATION. ACCORDINGLY, THE ORGANIZATION HAS NOT RECORDED AN INCOME TAX LIABILITY FOR UNCERTAIN TAX BENEFITS. FOR THE YEAR ENDED JUNE 30, 2020, THERE WERE NO INTEREST OR PENALTIES RELATED TO INCOME TAXES RECORDED OR INCLUDED IN THE FINANCIAL STATEMENTS. AS OF JUNE 30, 2020, THE TAX YEARS 2017 THROUGH 2019 REMAIN SUBJECT TO EXAMINATION. true true true true true true true false false false false false false false false false false true SCHEDULE E, LINE 3 ALL PROMOTIAL MATERIAL WRITTEN AND ORAL CONTAIN LANGUAGE EMPHASIZING THAT THE ACADEMY IS RACIALLY NONDISCRIMINATORY BOTH IN ACCEPTANCE OF STUDENTS AND EMPLOYEES. FORM 990, PAGE 6, PART VI, LINE 2 SHAWN GRIESEMER ASHLEY GRIESEMER SPOUSE FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS REVIEWED BY THE ORGANIZATION'S BOARD OF DIRECTORS AND ADMINISTRATORS. FORM 990, PAGE 6, PART VI, LINE 12C ALL OFFICERS, DIRECTORS, OR TRUSTEES, AND KEY EMPLOYEES ARE MADE AWARE OF THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. REGULAR INQUIRIES ARE MADE OF OFFICERS, DIRECTORS, OR TRUSTEES, AND KEY EMPLOYEES REGARDING ANY INTEREST THAT COULD BE IN CONFLICT WITH THE ORGANIZATION. FORM 990, PAGE 6, PART VI, LINE 19 DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9 BOOK / TAX DEPRECIATION DIFFERENCE -5,101