Veritas Preparatory Academy

“Certain functions of multiple schools in the greathearts network are also provided to the school by greathearts arizona, the school's tax exempt sole member.”

“The sole member of the academy is great hearts arizona, an organization exempt from taxation under internal revenue code section 501(c)(3).”

“The school's tax-exempt sole member appoints the school's directors, fills vacancies on the board, and may remove directors.”

“The school's tax-exempt sole member retains approval rights over key decisions such as changes to the school's bylaws, articles of incorporation, educational philosophy, and significant financial expenditures (in excess of 50,000).”

“A draft copy was sent to the ghaz board members before it was filed noting the review the director of finance for great hearts arizona had completed regarding the document. The board was given the opportunity to ask any questions regarding the document. After filing copies are posted on greathearts website. Located here: https://www.greatheartsamerica.org/finance-compliance/”

“Board members complete and sign a conflict of interest form annually. Officers and all employees are required to sign the employee handbook annually. The handbook includes a conflict of interest form which needs to be completed and submitted to human resources if a potential conflict of interest exists. These documents are reviewed by human resources and any conflicts are identified and reported to the auditors and the board to monitor.”

“Subject to the school's conflict of interest policy, the school's tax- exempt sole member and the school's board approve the compensation of key staff such as headmaster and assistant headmaster.”

“Employees and faculty are determined based on independent compensation studies and salaries of comparable non-profit organizations.”

“990's are available on the great hearts website and our form 1023 is available on request. Various financial and compliance related items are posted on the great hearts website. The link is as follows: https://www.greatheartsamerica.org/finance-compliance/.”

“A veritas preparatory academy education prepares students to be more than just proficient test takers, but rather, to become great-hearted leaders capable of success throughout their higher education and professional careers. With a curriculum built upon a classical liberal arts tradition and a revolutionary approach to school itself, great hearts cultivates the hearts and minds of students in the pursuit of truth, goodness, and beauty.”

“The volunteers help in classrooms and support teachers and students.”

“Line 2a: all payroll, payroll taxes and benefit plans are centralized through the parent organization, greathearts arizona (ein 20-2036133). Therefore, greathearts arizona files payroll tax returns under their employer tax identification number reporting all payroll activity. Payroll related expenses reported on this return represents an allocation of salaries and wages paid by the entity.”