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Virtus Academy Of South Carolina

Virtus Academy

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Public, Society Benefit - Multipurpose and Other N.E.C. (NTEE)

Donations to this organization are tax deductible.

Details

According to its June 2023 tax filing, this nonprofit:

Operated a school
Organization is a school. Details are reported on Schedule E.
Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$8.05M (2023)

Expenses
$6.66M (2023)

Total Assets
$16.7M (2023)

Total Liabilities
$13.4M (2023)

Years with missing data
Source: Form 990 tax filings from 2015 to 2023

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending June
2024

No Extracted Financial Data

Form 990 documents are not available for this tax period, but audit documents are available for download.

Document Links

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,045,087
Expenses
$6,658,377
Net Income
$1,386,710
Net Assets
$3,360,694
Notable Sources of Revenue Percent of Total Revenue
Contributions $7,691,705
95.6%
Program Services $297,376
3.7%
Investment Income $56,006
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $92,196
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $3,310,299
49.7%
Assets/Debt
Total Assets $16,728,153
Total Liabilities $13,367,459
Net Assets $3,360,694
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Shemekia Nero (Principal) $92,196 $0 $0
Don Strickland (Member At Large) $0 $0 $0
Glenn Hill (Member At Large) $0 $0 $0
Scott Kozacki (Member At Large) $0 $0 $0
Amanda Tyner (Member At Large) $0 $0 $0
Les Echols (Member At Large) $0 $0 $0
Dr Thomas Ducey (Board Chairman) $0 $0 $0
Carlos Washington (Vice Chairman) $0 $0 $0
John Atkins (Secretary) $0 $0 $0
Stacy Coleman (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,187,455
Expenses
$6,524,919
Net Income
$662,536
Net Assets
$1,973,984
Notable Sources of Revenue Percent of Total Revenue
Contributions $6,944,765
96.6%
Program Services $246,539
3.4%
Investment Income $289
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$4,138
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $48,769
0.7%
Professional Fundraising Fees $0
Other Salaries and Wages $2,892,472
44.3%
Assets/Debt
Total Assets $15,699,579
Total Liabilities $13,725,595
Net Assets $1,973,984
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Shemekia Nero (Principal) $48,769 $0 $0
Don Strickland (Member At Large) $0 $0 $0
Glenn Hill (Member At Large) $0 $0 $0
Scott Kozacki (Member At Large) $0 $0 $0
Amanda Tyner (Member At Large) $0 $0 $0
Les Echols (Member At Large) $0 $0 $0
Dr Thomas Ducey (Board Chairman) $0 $0 $0
Carlos Washington (Vice Chairman) $0 $0 $0
John Atkins (Secretary) $0 $0 $0
Stacy Coleman (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,956,969
Expenses
$4,748,017
Net Income
$1,208,952
Net Assets
$1,311,448
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,856,711
98.3%
Program Services $102,574
1.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$2,316
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $138,158
2.9%
Professional Fundraising Fees $0
Other Salaries and Wages $2,138,714
45.0%
Assets/Debt
Total Assets $1,953,186
Total Liabilities $641,738
Net Assets $1,311,448
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Brittany Hamilton (Principal) $70,666 $0 $0
Renee Matthews (Interm Principal) $67,492 $0 $0
Don Stricklans (Member At Large) $0 $0 $0
John Atkins (Member At Large) $0 $0 $0
Scott Kozacki (Member At Large) $0 $0 $0
Amanda Tyner (Member At Large) $0 $0 $0
Dr Thomas Ducey (Board Chairman) $0 $0 $0
Carlos Washington (Vice Chairman) $0 $0 $0
Dr Marie Devincenzo (Secretary) $0 $0 $0
Stacy Coleman (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,212,329
Expenses
$3,246,316
Net Income
-$33,987
Net Assets
$102,496
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,156,733
98.3%
Program Services $55,596
1.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $108,548
3.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,149,856
35.4%
Assets/Debt
Total Assets $1,113,969
Total Liabilities $1,011,473
Net Assets $102,496
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Amanda Bailey (Principal (Through 01 15 2020)) $55,950 $0 $7,621
Renee Matthews (Interm Principal (Start 01 16 2020)) $52,598 $0 $0
Don Strickland (Member At Large) $0 $0 $0
John Atkins (Member At Large) $0 $0 $0
Scott Kozacki (Member At Large) $0 $0 $0
Amanda Tyner (Member At Large) $0 $0 $0
Dr Thomas Ducey (Board Chairman) $0 $0 $0
Carlos Washington (Vice Chairman) $0 $0 $0
Dr Marie Devincenzo (Secretary) $0 $0 $0
Stacy Coleman (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,031,047
Expenses
$1,921,374
Net Income
$109,673
Net Assets
$136,483
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,000,417
98.5%
Program Services $30,630
1.5%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $32,500
1.7%
Professional Fundraising Fees $0
Other Salaries and Wages $779,915
40.6%
Assets/Debt
Total Assets $559,139
Total Liabilities $422,656
Net Assets $136,483
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Amanda Bailey (Principal) $32,500 $0 $1,778
Trayce Johnson (Member At Large) $0 $0 $0
John Atkins (Member At Large) $0 $0 $0
Amanda Tyner (Member At Large) $0 $0 $0
Bill Pickle (Board Chairman) $0 $0 $0
Carlos Washington (Vice Chairman) $0 $0 $0
Gary Summerfield (Secretary) $0 $0 $0
Cherry Gerrald (Treasurer) $0 $0 $0
Renee Matthews (Interm Principal Start 1 16 19) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$255,150
Expenses
$274,291
Net Income
-$19,141
Net Assets
-$19,141
Notable Sources of Revenue Percent of Total Revenue
Contributions $255,150
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $15,922
Total Liabilities $35,063
Net Assets -$19,141
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
William C Pickle (Board Chair) $0 $0 $0
Tracy Johnson (Board Member) $0 $0 $0
Carlos O Washington (Vice Chairman) $0 $0 $0
Gary Summerfield (Secretary) $0 $0 $0
Cherry Gerrald (Treasurer) $0 $0 $0
Amanda Tyner (Board Member) $0 $0 $0
John Atkins (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$0
Expenses
$0
Net Income
$0
Net Assets
$0
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $0
Total Liabilities $0
Net Assets $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$0
Expenses
$0
Net Income
$0
Net Assets
$0
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $0
Total Liabilities $0
Net Assets $0

No Document Links

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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