VIRGINIA CHANCE SCHOOL INC Charity Report

Public IRS 990 nonprofit record

VIRGINIA CHANCE SCHOOL INC

EIN 61-0549871 · Preschools (B21)

What they do

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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $70.10 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders23 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

63.46%of revenue went to mission work70.1% of expenses · Program services

1.16%of revenue went to fundraising1.3% of expenses

$90.54spent for every $100 of revenueRevenue covered expenses this year.

25.92%of revenue went to management and office costs28.6% of expenses

$1.84in assets for every $1 spent this yearSome assets cannot be spent right away.

7.5%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $161,612 for BETSY FITCH (HEAD OF SCHOOL). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$5,223,774

Mission workProgram services$3,314,96763.46% of revenue70.1% of expenses

ManagementOffice and general costs$1,354,21325.92% of revenue28.6% of expenses

FundraisingAsking for donations$60,3861.16% of revenue1.3% of expenses

Revenue left after expensesReported annual surplus$494,2089.46% of revenueShown in gray on the chart

Total expenses$4,729,56690.54% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 70.1% mission · 28.6% management · 1.3% fundraisingTotal expenses: 90.54% of revenue

2023Expense mix: 73.8% mission · 24.3% management · 2.0% fundraisingTotal expenses: 73.53% of revenue

2022Expense mix: 76.1% mission · 21.2% management · 2.7% fundraisingTotal expenses: 85.68% of revenue

2021Expense mix: 79.3% mission · 18.6% management · 2.1% fundraisingTotal expenses: 96.66% of revenue

2020Expense mix: 77.4% mission · 20.4% management · 2.1% fundraisingTotal expenses: 101.20% of revenue

2019Expense mix: 76.9% mission · 14.6% management · 8.5% fundraisingTotal expenses: 101.24% of revenue

Money in and money out

Revenue$5,223,774

Expenses$4,729,566

Annual surplus $494,208 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$3,314,967 · 70.1% of expenses

Management and office costs$1,354,213 · 28.6% of expenses

Fundraising$60,386 · 1.3% of expenses

See all reported dollar amounts

Revenue$5,223,774

Expenses$4,729,566

Assets$8,716,962

Income$5,517,019

Contributions$392,623

Mission work (program services)$3,314,967

Fundraising$60,386

Management and general$1,354,213

Stocks and bonds$2,532,351

Accounting fees$25,300

Investing fees$23,390

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

BETSY FITCHHEAD OF SCHOOL · 40 hrs/week $161,612Base $136,899 · Other $24,713

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (23)

BETSY FITCHHEAD OF SCHOOL

ED JAMESTRUSTEE

TODD GOLDBERGTRUSTEE

STEPHANIE FRENCHTRUSTEE

SHAWN BAILEYTRUSTEE

SARAH FARMERPRESIDENT

RYAN SELLSTRUSTEE

MITSUKO MARTINEZTRUSTEE

MATTHEW CHAUDOINTRUSTEE

LORI FREY WELLSTRUSTEE

LINDSAY ATTKISSONTRUSTEE

LAYLA GEORGETRUSTEE

ERIC MCKENDRICKVICE PRESIDENT

ALEJANDRO RODASTRUSTEE

DOMINIC ZANGARITREASURER

DAVID SONTRUSTEE

CLINT KELLYTRUSTEE

CARSON STEWARTSECRETARY

BROOKES POPETRUSTEE

BENTON KEITHTRUSTEE

ASHLEY ANDERSONTRUSTEE

ANSHU SHUKLATRUSTEE

ANKUR GOPALTRUSTEE

About this charity

Recognized since: January 1976
Location: 4200 LIME KILN LN, LOUISVILLE, KY 40222-5935
County: Jefferson
In care of: BETSY FITCH
Primary officer: BETSY FITCH, HEAD OF SCHOOL

How to reach them

WebsiteVisit the charity’s website Phone(502) 425-6904

Filing and classification

Latest tax year: 2024
Tax period began: June 1, 2024
Return type: 990
Tax preparer: DEMING MALONE LIVESAY & OSTROFF PSC
NTEE classification: Preschools (B21)
IRS tax category: Preschools