Nonprofit · EIN 46-3834044
VALOR PREPARATORY ACADEMY
Tax-exempt · WACO, TX 76710
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $21,560,077 | $20,173,045 | $1,387,032 | $4,497,859 | $880,257 | $3,617,602 |
| June 30, 2024 | 990 | $3,163,219 | $3,402,276 | -$239,057 | $3,189,303 | $958,733 | $2,230,570 |
| June 30, 2023 | 990 | $2,694,727 | $2,715,109 | -$20,382 | $3,362,746 | $847,783 | $2,514,963 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $17,421,516
- Program service revenue
- $3,928,134
- Investment income
- $63,937
- Net rental income
- $23,138
- Other revenue
- $146,490
Expenses
- Grants and similar amounts paid
- $15,853,636
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $2,406,758
- Salaries, compensation and benefits (total)
- $2,593,019
- Professional fundraising fees
- $0
- Legal fees
- $54,590
- Accounting fees
- $15,143
- Occupancy
- $217,632
- Depreciation
- $92,769
- Program services (functional)
- $18,793,924
- Management and general (functional)
- $1,379,008
- Fundraising (functional)
- $113
Balance sheet and other
- Total assets, start of year
- $3,189,303
- Total assets, end of year
- $4,497,859
- Total liabilities, end of year
- $880,257
- Net assets, end of year
- $3,617,602
- Land, buildings and equipment
- $2,491,083
- Publicly traded securities
- $1,101,958
- Net assets without donor restrictions
- $2,411,456
- Net assets with donor restrictions
- $1,206,146
- Gross receipts
- $21,560,077
- Employees
- 106
- Volunteers
- 120
- Year formed
- 2013
- State of legal domicile
- TX
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LIBBY DELHEENEER | Vice President Trustee or director, Officer | 5 | $0 |
| ASHLEY GRIESEMER | Director Trustee or director | 5 | $0 |
| SHAWN GRIESEMER | Director Trustee or director | 5 | $0 |
| RACHEL HOBBS | President Trustee or director, Officer | 5 | $0 |
| KARI MCKOWN | Treasurer Trustee or director, Officer | 5 | $0 |
| ERIC SWAN | Director Trustee or director | 5 | $0 |
| PAUL MASON | Director Trustee or director | 5 | $0 |
990 for the year ended June 30, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LIBBY DELHEENEER | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| ASHLEY GRIESEMER | DIRECTOR Trustee or director | 2 | $0 |
| SHAWN GRIESEMER | DIRECTOR Trustee or director | 2 | $0 |
| RACHEL HOBBS | PRESIDENT Trustee or director, Officer | 2 | $0 |
| KARI MCKOWN | TREASURER Trustee or director, Officer | 2 | $0 |
| MICK MURRAY | DIRECTOR Trustee or director | 2 | $0 |
| ERIC SWAN | SECRETARY Trustee or director, Officer | 2 | $0 |
990 for the year ended June 30, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LIBBY DELHEENEER | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| ASHLEY GRIESEMER | DIRECTOR Trustee or director | 2 | $0 |
| SHAWN GRIESEMER | DIRECTOR Trustee or director | 2 | $0 |
| RACHEL HOBBS | PRESIDENT Trustee or director, Officer | 2 | $0 |
| KARI MCKOWN | TREASURER Trustee or director, Officer | 2 | $0 |
| MICK MURRAY | DIRECTOR Trustee or director | 2 | $0 |
| JAMIE STIMSON | SECRETARY Trustee or director, Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 4600 SANGER AVE, WACO, TX 76710-4861
- Principal officer (990 for 2024)
- WESLEY KANAWYER
- Signed the 990
- WESLEY KANAWYER, Executive Director
- Phone
- (254) 235-0575
- Website
- HTTPS://VALORPREP.COM
- Return prepared by
- Sage and Betts LLC
Mission
THE MISSION OF VALOR PREPARATORY ACADEMY IS TO PARTNER WITH FAMILIES TO PROVIDE EXCELLENT EDUCATION AND DEVELOP PASSIONATE DISCIPLES OF JESUS, WHO ARE PREPARED TO COURAGEOUSLY INFLUENCE CULTURE FOR THE GLORY OF GOD.
Program accomplishments
- VALOR PREPARATORY ACADEMY TRANSFERRED A DONATED BUILDING AND DESIGNATED DONATIONS FOR THE REMODEL OF THIS BUILDING TO OUR SUPPORTING ORGANIZATION FOR REMODELING AND USE AS A NEW SCHOOL FACILITY TO FURTHER SUPPORT OUR STUDENTS AND MISSION.Expenses $15,853,637 · grants $15,853,637
- VALOR PREPARATORY ACADEMY IS A CHRISTIAN, CLASSICAL, UNIVERSITY-MODEL SCHOOL SERVING PRE-K THROUGH 12TH GRADE STUDENTS AND THEIR FAMILIES.Expenses $2,940,287 · revenue $3,928,134
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 46-3834044
- 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
- 2015
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B20)
- Assets (IRS master file)
- $4,497,859
- Income (IRS master file)
- $21,560,077
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $21,560,077 | $20,173,045 | $4,497,859 | XML |
| 990 | June 2024 | $3,163,219 | $3,402,276 | $3,189,303 | XML |
| 990 | June 2023 | $2,694,727 | $2,715,109 | $3,362,746 | XML |
| 990 | June 2022 | $3,127,628 | $1,904,958 | $3,493,575 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
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 46-3834044).
Questions about VALOR PREPARATORY ACADEMY
- What is the EIN of VALOR PREPARATORY ACADEMY?
- The employer identification number (EIN) of VALOR PREPARATORY ACADEMY is 46-3834044.
- Is VALOR PREPARATORY ACADEMY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to VALOR PREPARATORY ACADEMY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VALOR PREPARATORY ACADEMY 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 VALOR PREPARATORY ACADEMY 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 VALOR PREPARATORY ACADEMY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of VALOR PREPARATORY ACADEMY?
- The 990 for the year ended June 30, 2025 names WESLEY KANAWYER.
- Who are the officers and directors of VALOR PREPARATORY ACADEMY?
- The 990 for the year ended June 30, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does VALOR PREPARATORY ACADEMY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $21,560,077, expenses of $20,173,045 and total assets of $4,497,859 at year end.
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