2026-01-28T10:51:03-06:00 2025-05-31 611064249 DEMING MALONE LIVESAY & OSTROFF PSC 9300 SHELBYVILLE RD STE 1100 LOUISVILLE KY 402225187 990 2024-06-01 610549871 VIRGINIA CHANCE SCHOOL INC VIRG 5024256904 4200 LIME KILN LANE LOUISVILLE KY 40222 BETSY FITCH HEAD OF SCHOOL 5024256904 2026-01-23 1 1 SARAH K ANTLE P01391676 5024269660 2026-01-23 2024 2025-03-06 01:10:19Z BETSY FITCH 4200 LIME KILN LANE LOUISVILLE KY 40222 5517019 0 X HTTP://WWW.CHANCESCHOOL.ORG X 1953 KY THE VIRGINIA CHANCE SCHOOL IS AN INDEPENDENT SCHOOL IN WHICH A DIVERSE COMMUNITY OF CHILDREN, AGES 2 THROUGH 5TH GRADE, ACTIVELY PARTICIPATE IN A CHALLENGING AND JOYFUL EDUCATION. ENRICHING ACTIVITIES AND EXPERIENCES ARE DESIGNED TO STRENGTHEN AND INTEGRATE THE COGNITIVE, SOCIAL, EMOTIONAL, MORAL AND PHYSICAL ABILITIES OF EACH CHILD. IN THE VIRGINIA CHANCE COMMUNITY, CHILDREN ACQUIRE KNOWLEDGE THROUGH DISCOVERY AND EXPLORATION, ENCHANCE THEIR SELF-ESTEEM, AND DEVELOP INTO CREATIVE, LIFELONG LEARNERS. 22 22 101 57 0 0 561887 392623 4340478 4630883 982659 197131 46365 3137 5931389 5223774 0 0 0 0 3373183 3483390 0 0 60386 988399 1246176 4361582 4729566 1569807 494208 7928226 8716962 2644697 2854137 5283529 5862825 X VIRGINIA CHANCE SCHOOL IS AN INDEPENDENT SCHOOL THAT SERVES CHILDREN AGES 2 THROUGH 5TH GRADE. AS A DIVERSE COMMUNITY OF LEARNERS, WE COMMIT TO EXCELLENCE AND RESPECT THROUGH A JOYFUL, CHALLENGING AND PROGRESSIVE PROGRAM. WITH AN INTENTIONAL WHOLE-CHILD APPROACH TO EDUCATION, EACH INDIVIDUAL REACHES HIS/HER COGNITIVE, SOCIAL, EMOTIONAL, MORAL AND PHYSICAL POTENTIAL. VIRGINIA CHANCE SCHOOL STUDENTS GRADUATE AS CONFIDENT, INQUISITIVE LEARNERS PREPARED TO ENGAGE PRODUCTIVELY WITH THEIR WORLD. 0 0 3314967 4630883 EARLY CHILDHOOD EDUCATION, AGES 2 THROUGH 5TH GRADE 3314967 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 18 0 1 101 1 0 0 0 0 0 1 0 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 KY X ORGANIZATION 5024256904 4200 LIME KILN LANE LOUISVILLE KY 40222 DOMINIC ZANGARI TREASURER 1.00 X X 0 0 0 ERIC MCKENDRICK VICE PRESIDENT 1.00 X X 0 0 0 CARSON STEWART SECRETARY 1.00 X X 0 0 0 MITSUKO MARTINEZ TRUSTEE 1.00 X 0 0 0 ASHLEY ANDERSON TRUSTEE 1.00 X 0 0 0 LAYLA GEORGE TRUSTEE 1.00 X 0 0 0 ANKUR GOPAL TRUSTEE 1.00 X 0 0 0 LINDSAY ATTKISSON TRUSTEE 1.00 X 0 0 0 MATTHEW CHAUDOIN TRUSTEE 1.00 X 0 0 0 TODD GOLDBERG TRUSTEE 1.00 X 0 0 0 CLINT KELLY TRUSTEE 1.00 X 0 0 0 ED JAMES TRUSTEE 1.00 X 0 0 0 SARAH FARMER PRESIDENT 1.00 X X 0 0 0 DAVID SON TRUSTEE 1.00 X 0 0 0 BROOKES POPE TRUSTEE 1.00 X 0 0 0 SHAWN BAILEY TRUSTEE 1.00 X 0 0 0 ALEJANDRO RODAS TRUSTEE 1.00 X 0 0 0 STEPHANIE FRENCH TRUSTEE 1.00 X 0 0 0 BENTON KEITH TRUSTEE 1.00 X 0 0 0 RYAN SELLS TRUSTEE 1.00 X 0 0 0 ANSHU SHUKLA TRUSTEE 1.00 X 0 0 0 LORI FREY WELLS TRUSTEE 1.00 X 0 0 0 BETSY FITCH HEAD OF SCHOOL 40.00 X 136899 0 24713 136899 0 24713 1 0 1 0 AL POST 11801 ELECTRON DRIVE LOUISVILLE KY 40299 CONSTRUCTION 1239125 1 129916 262707 42551 392623 TUITION AND FEES 611600 4630883 4630883 4630883 160396 160396 297231 260496 36735 36735 36735 18268 129916 32749 -14481 -14481 OTHER REVENUE 611710 17618 17618 17618 5223774 4630883 0 200268 163538 146655 16883 2881211 2169622 691589 20000 216846 173160 43686 221795 157534 61606 2655 1492 1492 25300 25300 23390 23390 182437 82545 99892 46004 23002 23002 59348 40745 18603 220971 205503 15468 22994 18427 4567 48629 45225 3404 200783 176468 24315 47441 44120 3321 CLASSROOM SUPPLIES 216469 216469 BAD DEBT EXPENSE 125468 125468 MISCELLANEOUS 23205 2892 20313 FUNDRAISING EXPENSE 2245 2245 4729566 3314967 1354213 60386 489323 388392 146824 40667 19676 23979 8782721 3251258 3800979 5531463 3247695 2532351 223729 200110 7928226 8716962 366710 613342 713734 775704 1354576 1275574 209677 189517 2644697 2854137 X 4370678 5542381 912851 320444 5283529 5862825 7928226 8716962 494208 85088 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2203931 138881 198539 -14540 2526811 2015338 12500 177953 -1860 2203931 2069424 -54086 2015338 1991024 78400 2069424 1668853 322171 1991024 0.87762 0.12238 0 0 391500 391500 7031721 2119191 4912530 55299 11573 43726 1304201 1120494 183707 5531463 BOND ISSUANCE COSTS -13550 OPERATING LEASE LIABILITIES 203067 189517 X 5318221 85088 85088 5233133 23390 -32749 -9359 5223774 4738925 32749 32749 4706176 23390 23390 4729566 PART V, LINE 4: THE PURPOSE OF THE SCHOOL'S ENDOWMENT FUND IS TO EXIST IN PERPETUITY AND TO GROW TO ALLOW FUTURE BOARD OF TRUSTEES TO TAKE ADVANTAGE OF OPPORTUNITIES TO IMPROVE THE STRATEGIC POSITION OF THE SCHOOL AND/OR TO HELP MITIGATE THE IMPACT OF A SIGNIFICANT ADVERSE EVENT. PART X, LINE 2: THE SCHOOL IS EXEMPT FROM FEDERAL, STATE AND LOCAL INCOME TAXES AS A NOT-FOR-PROFIT ORGANIZATION AS DESCRIBED UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). THE SCHOOL FILES INFORMATIONAL TAX RETURNS WITH THE U.S. FEDERAL JURISDICTION AND WITH THE KENTUCKY OFFICE OF THE ATTORNEY GENERAL. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE SCHOOL'S TAX EXEMPT PURPOSE MAY BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. MANAGEMENT DOES NOT BELIEVE THAT THE SCHOOL HAS UNRELATED BUSINESS INCOME FOR THE YEARS ENDED MAY 31, 2025 AND 2024. AS OF MAY 31, 2025 AND 2024, THE SCHOOL DID NOT HAVE ANY ACCRUED INTEREST OR PENALTIES RELATED TO INCOME TAX LIABILITIES, AND NO INTEREST OR PENALTIES HAVE BEEN CHARGED TO OPERATIONS FOR THE YEARS THEN ENDED. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE -32,749. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS 32,749. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 STATEMENT OF NONDISCRIMATION IS INCLUDED IN SCHOOL BULLETIN. AUCTION 148184 129916 18268 17768 500 14481 148184 129916 18268 17768 500 14481 32749 -14481 X 1 1 X X 0 0 0 0 0 0 0 0 0 BETSY FITCH HEAD OF SCHOOL 131899 0 5000 0 0 0 8312 0 16401 0 161612 0 0 0 A CITY OF GLENVIEW KY 611082901 2017-12-06 1800000 TO FINANCE SCHOOL EXPANSION AND REFINANCING OF 2009 BONDS 0 0 0 A 524426 1800000 20025 1292245 487730 2018 1 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 A 0 X 2 42551 FMV 0 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B VIRGINIA CHANCE SCHOOL ENGAGES ITS ACCOUNTING FIRM TO PREPARE THE IRS FORM 990, USING INFORMATION PROVIDED. UPON COMPLETION, THE DIRECTOR OF FINANCE REVIEWS THE DRAFT FORM AND MAKES AMENDMENTS AND/OR CORRECTIONS, IF NECESSARY. THE DRAFT FORM IS THEN PASSED TO THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES AND THE PRESIDENT. THIS COMMITTEE AND THE PRESIDENT REVIEW THE FORM AND MAKE AMENDMENTS AND/OR CORRECTIONS, IF NECESSARY. THE COMMITTEE APPROVES THE FINAL DRAFT OF THE FORM. A COPY OF THE FORM IS DISTRIBUTED TO THE ENTIRE BOARD OF TRUSTEES AS SOON AS POSSIBLE. TRUSTEES ARE AFFORDED AN OPPORTUNITY TO ASK QUESTIONS ABOUT THE FORM AT THE FIRST MEETING AFTER THE FORM IS DISTRIBUTED, USUALLY WITHIN TWO MONTHS OF ITS DISTRIBUTION. FORM 990, PART VI, SECTION B, LINE 12C POLICIES ARE REQUIRED TO BE SIGNED EACH YEAR AND THERE ARE MONTHLY REMINDERS AT THE BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD CONDUCTS AN ANNUAL REVIEW OF THE HEAD OF SCHOOL AND THE HEAD OF SCHOOL CONDUCTS REVIEWS OF ALL KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 VIRGINIA CHANCE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. REQUESTS CAN BE MADE BY MAIL, EMAIL, TELEPHONE OR IN PERSON. IF A REQUEST IS MADE BY MAIL, EMAIL OR TELEPHONE, A COPY OF THE REQUESTED DOCUMENT IS FORWARDED TO THE INDIVIDUAL MAKING THE REQUEST. IF A REQUEST IS MADE IN PERSON, A COPY IS MADE AVAILABLE TO THE INDIVIDUAL FOR HER/HIS INSPECTION. IF SHE/HE WISHES TO TAKE A COPY WITH HER/HIM, A COPY IS PROVIDED. FORM 990, PART XII, LINE 2C: THE AUDIT IS REVIEWED BY THE HEAD OF SCHOOL, DIRECTOR OF FINANCE, ASSISTANT DIRCTOR OF FINANCE, FINANCE COMMITTEE AND BOARD OF TRUSTEES FOR APPROVAL.