Nonprofit · EIN 61-0549871
VIRGINIA CHANCE SCHOOL INC
Tax-exempt · LOUISVILLE, KY 40222
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $5,223,774 | $4,729,566 | $494,208 | $8,716,962 | $2,854,137 | $5,862,825 |
| May 31, 2024 | 990 | $5,931,389 | $4,361,582 | $1,569,807 | $7,928,226 | $2,644,697 | $5,283,529 |
| May 31, 2023 | 990 | $4,792,751 | $4,106,482 | $686,269 | $7,079,431 | $2,533,552 | $4,545,879 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $392,623
- Program service revenue
- $4,630,883
- Investment income
- $197,131
- Net gain from sales of assets
- $36,735
- Net income from fundraising events
- -$14,481
- Other revenue
- $3,137
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $163,538
- Other salaries and wages
- $2,881,211
- Salaries, compensation and benefits (total)
- $3,483,390
- Professional fundraising fees
- $0
- Legal fees
- $1,492
- Accounting fees
- $25,300
- Occupancy
- $220,971
- Depreciation
- $200,783
- Program services (functional)
- $3,314,967
- Management and general (functional)
- $1,354,213
- Fundraising (functional)
- $60,386
Balance sheet and other
- Total assets, start of year
- $7,928,226
- Total assets, end of year
- $8,716,962
- Total liabilities, end of year
- $2,854,137
- Net assets, end of year
- $5,862,825
- Land, buildings and equipment
- $5,531,463
- Publicly traded securities
- $2,532,351
- Net assets without donor restrictions
- $5,542,381
- Net assets with donor restrictions
- $320,444
- Gross receipts
- $5,517,019
- Employees
- 101
- Volunteers
- 57
- Year formed
- 1953
- State of legal domicile
- KY
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 May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BETSY FITCH | HEAD OF SCHOOL Officer | 40 | $136,899 | $24,713 |
| DOMINIC ZANGARI | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ERIC MCKENDRICK | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| CARSON STEWART | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| MITSUKO MARTINEZ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ASHLEY ANDERSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LAYLA GEORGE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ANKUR GOPAL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LINDSAY ATTKISSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MATTHEW CHAUDOIN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TODD GOLDBERG | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CLINT KELLY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ED JAMES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SARAH FARMER | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| DAVID SON | TRUSTEE Trustee or director | 1 | $0 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BROOKES POPE | TRUSTEE Trustee or director | 1 | $0 |
| SHAWN BAILEY | TRUSTEE Trustee or director | 1 | $0 |
| ALEJANDRO RODAS | TRUSTEE Trustee or director | 1 | $0 |
| STEPHANIE FRENCH | TRUSTEE Trustee or director | 1 | $0 |
| BENTON KEITH | TRUSTEE Trustee or director | 1 | $0 |
| RYAN SELLS | TRUSTEE Trustee or director | 1 | $0 |
| ANSHU SHUKLA | TRUSTEE Trustee or director | 1 | $0 |
| LORI FREY WELLS | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended May 31, 2024: 24 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BETSY FITCH | HEAD OF SCHOOL Officer | 40 | $127,023 | $22,173 |
| SASHA ANTSKAITIS | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| SARAH FARMER | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| ASHLEY BUTLER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| MITSUKO MARTINEZ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DR ASHLEY ANDERSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LAYLA GEORGE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ANKUR GOPAL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LINDSAY ATTKISSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MATTHEW CHAUDOIN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ERIC MCKENDRICK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CLINT KELLY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ED JAMES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BROOKES POPE | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| DAVID SON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHAEL DEL NEGRO | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JAMES LINDSEY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOSH JEVNE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| STEPHANIE FRENCH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BENTON KEITH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CARSON STEWART | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DR ANSHU SHUKLA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LORI FREY-WELLS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DOMINIC ZANGARI | TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended May 31, 2023: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BESTY FITCH | HEAD OF SCHOOL Officer | 40 | $127,917 | $10,056 |
| SASHA ANTSKAITIS | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| SARAH FARMER | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| ASHLEY BUTLER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| MITSUKO MARTINEZ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DR ASHLEY ANDERSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LAYLA GEORGE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ANKUR GOPAL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CAROL HALL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| EDITH HALBLEIB | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ERIC MCKENDRICK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| AARON MUELLER | PAST PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| ED JAMES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BROOKES POPE | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| DAVID SON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHAEL DEL NEGRO | TRUSTEE Trustee or director | 1 | $0 | $0 |
| VANESSA GREEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOSH JEVNE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| STEPHANIE FRENCH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BENTON KEITH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CARSON STEWART | TRUSTEE Trustee or director | 1 | $0 | $0 |
| STEVE WARNER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LORI FREY-WELLS | TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4200 LIME KILN LN, LOUISVILLE, KY 40222-5935
- Principal officer (990 for 2024)
- BETSY FITCH, 4200 LIME KILN LANE, LOUISVILLE, KY 40222
- Signed the 990
- BETSY FITCH, HEAD OF SCHOOL
- Phone
- (502) 425-6904
- Website
- HTTP://WWW.CHANCESCHOOL.ORG
- Return prepared by
- DEMING MALONE LIVESAY & OSTROFF PSC
Mission
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.
Program accomplishments
- EARLY CHILDHOOD EDUCATION, AGES 2 THROUGH 5TH GRADEExpenses $3,314,967 · revenue $4,630,883
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 May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 61-0549871
- 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
- 1976
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $8,716,962
- Income (IRS master file)
- $5,517,019
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $5,223,774 | $4,729,566 | $8,716,962 | XML |
| 990 | May 2024 | $5,931,389 | $4,361,582 | $7,928,226 | XML |
| 990 | May 2023 | $4,792,751 | $4,106,482 | $7,079,431 | XML |
| 990 | May 2022 | $3,905,171 | $3,774,782 | $7,401,830 | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990 | May 2020 | – | – | – | 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 61-0549871).
Questions about VIRGINIA CHANCE SCHOOL INC
- What is the EIN of VIRGINIA CHANCE SCHOOL INC?
- The employer identification number (EIN) of VIRGINIA CHANCE SCHOOL INC is 61-0549871.
- Is VIRGINIA CHANCE SCHOOL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1976.
- Are donations to VIRGINIA CHANCE SCHOOL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VIRGINIA CHANCE SCHOOL INC 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 VIRGINIA CHANCE SCHOOL INC due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VIRGINIA CHANCE SCHOOL INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of VIRGINIA CHANCE SCHOOL INC?
- The 990 for the year ended May 31, 2025 names BETSY FITCH.
- Who are the officers and directors of VIRGINIA CHANCE SCHOOL INC?
- The 990 for the year ended May 31, 2025 lists 23 people; 1 received compensation from the organization, the highest $136,899 (BETSY FITCH, HEAD OF SCHOOL).
- How much revenue does VIRGINIA CHANCE SCHOOL INC have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $5,223,774, expenses of $4,729,566 and total assets of $8,716,962 at year end.
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