Civic Intelligence

Veritas Academy

990 • Fiscal year 2010 • EIN 20-1632745

Jul 01, 2009 to Jun 30, 2010 • Filed on May 12, 2011

Organization ProfileWWW.VERITASACADEMY.NET

View Organization Page

PO Box 9051778709-0517
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

77th percentile

0.57x

Higher debt load relative to assets than 77% of similar nonprofits.

2010 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2010

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2010

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2010

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2010

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2010

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets77th percentile

Assets

$1,470,768

No earlier filing loaded for comparison.

Net Assets

$636,421

No earlier filing loaded for comparison.

Liabilities

$834,347

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

$1,853,446

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2010: $1,470,768Liabilities 2010: $834,347Net Assets 2010: $636,4212010Assets 2011: $1,730,867Liabilities 2011: $1,097,261Net Assets 2011: $633,6062011Assets 2012: $1,677,996Liabilities 2012: $1,093,777Net Assets 2012: $584,2192012Assets 2013: $5,661,569Liabilities 2013: $3,453,575Net Assets 2013: $2,207,9942013Assets 2014: $5,691,910Liabilities 2014: $3,408,497Net Assets 2014: $2,283,4132014Assets 2015: $5,803,279Liabilities 2015: $3,549,414Net Assets 2015: $2,253,8652015Assets 2016: $7,922,148Liabilities 2016: $3,660,707Net Assets 2016: $4,261,4412016Assets 2017: $11,137,492Liabilities 2017: $4,297,018Net Assets 2017: $6,840,4742017Assets 2018: $19,229,923Liabilities 2018: $11,963,165Net Assets 2018: $7,266,7582018Assets 2019: $19,122,198Liabilities 2019: $12,322,643Net Assets 2019: $6,799,5552019Assets 2020: $18,834,548Liabilities 2020: $12,574,036Net Assets 2020: $6,260,5122020Assets 2021: $19,003,336Liabilities 2021: $11,649,099Net Assets 2021: $7,354,2372021Assets 2022: $19,478,165Liabilities 2022: $11,784,357Net Assets 2022: $7,693,8082022Assets 2023: $21,727,722Liabilities 2023: $11,981,735Net Assets 2023: $9,745,9872023Assets 2024: $27,084,202Liabilities 2024: $11,783,985Net Assets 2024: $15,300,2172024

Highlighted filing

2010

Assets$1,470,768
Liabilities$834,347
Net Assets$636,421
Open 2010 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $1,853,4462010Expenses 2011: $2,217,1492011Expenses 2012: $2,763,2412012Expenses 2013: $2,945,0602013Revenue 2014: $3,356,501Expenses 2014: $3,281,082Net Income 2014: $75,4192014Revenue 2015: $3,743,782Expenses 2015: $3,755,429Net Income 2015: -$11,6472015Revenue 2016: $6,423,217Expenses 2016: $4,415,641Net Income 2016: $2,007,5762016Revenue 2017: $7,258,571Expenses 2017: $4,679,538Net Income 2017: $2,579,0332017Revenue 2018: $5,401,493Expenses 2018: $4,975,209Net Income 2018: $426,2842018Revenue 2019: $5,541,481Expenses 2019: $6,008,684Net Income 2019: -$467,2032019Revenue 2020: $5,688,437Expenses 2020: $6,227,480Net Income 2020: -$539,0432020Revenue 2021: $7,462,193Expenses 2021: $6,368,468Net Income 2021: $1,093,7252021Revenue 2022: $7,504,873Expenses 2022: $7,165,302Net Income 2022: $339,5712022Revenue 2023: $9,480,000Expenses 2023: $8,100,758Net Income 2023: $1,379,2422023Revenue 2024: $14,176,830Expenses 2024: $8,725,072Net Income 2024: $5,451,7582024

Highlighted filing

2010

Revenue-
Expenses$1,853,446
Net Income-
Open 2010 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2009 to Jun 30, 2010
Signed
May 12, 2011
Return Version
2009v1.7
Gross Receipts
$1,896,087
Mission and Program Overview

Mission

The mission of veritas academy is to minister to families by partnering with christian parents to provide for their children a classical education so that these children may commence a lifelong pursuit of knowledge, wisdom and understanding in their purposeful and passionate service of jesus christ, for the glory of god. Veritas academy has adopted a university-model approach that integrates profession instruction with parent mentored study and character development to achieve a college preparatory level of academic excellence.

Filing and Contact Details

Filer

EIN
20-1632745
Raw XML AppendixShowing 400 of 459 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReview00
IRS990/AccountsPayableAccruedExpenses/BOY031797
IRS990/AccountsPayableAccruedExpenses/EOY047329
IRS990/AccountsReceivable/BOY04894
IRS990/AccountsReceivable/EOY08222
IRS990/ActivitiesConductedPartnership00
IRS990/ActivityOrMissionDescription0VERITAS ACADEMY (VERITAS) IS A UNIVERSITY-MODEL COLLEGE PREPARATORY SCHOOL THAT INTEGRATES PROFESSIONAL INSTRUCTION WITH PARENT MENTORED STUDY. VERITAS WAS INCORPORATED IN THE STATE OF TEXAS IN AUGUST 2004. THE MISSION IS TO MINISTER TO FAMILIES BY PARTNERING WITH CHRISTIAN PARENTS TO PROVIDE FOR THEIR CHILDREN A CLASSICAL EDUCATION FOUNDED UPON A BIBLICAL WORLDVIEW SO THAT THESE CHILDREN MAY COMMENCE A LIFELONG PURSUIT OF SERVICE OF JESUS CHRIST, FOR THE GLORY OF GOD. VERITAS ACADEMY HAS ADOPTED A UNIVERSITY-MODEL APPROACH THAT INTEGRATES PROFESSIONAL INSTRUCTION WITH PARENT MENTORED STUDY AND CHARACTER DEVELOPMENT TO ACHIEVE A COLLEGE PREPARATORY LEVEL OF ACADEMIC EXCELLENCE.VERITAS OPENED ITS DOORS ON THE CAMPUS OF FIRST EVANGELICAL FREE CHURCH (FEFC) IN SOUTHWEST AUSTIN IN AUGUST 2005. MORE THAN 130 STUDENTS, GRADES K-5, WERE ENROLLED IN THAT FIRST YEAR. BY AUGUST 2010, VERITAS ENROLLED 428 STUDENTS IN GRADES PRE-K THROUGH 11.
IRS990/AddressPrincipalOfficerUS/AddressLine10PO BOX 90517
IRS990/AddressPrincipalOfficerUS/City0AUSTIN
IRS990/AddressPrincipalOfficerUS/State0TX
IRS990/AddressPrincipalOfficerUS/ZIPCode0787090517
IRS990/Advertising/ProgramServices01845
IRS990/Advertising/Total01845
IRS990/AllOtherContributions088726
IRS990/AllOtherExpenses/Fundraising028
IRS990/AllOtherExpenses/ManagementAndGeneral09249
IRS990/AllOtherExpenses/ProgramServices038698
IRS990/AllOtherExpenses/Total047975
IRS990/AnnualDisclosureCoveredPersons01
IRS990/AuditCommittee01
IRS990/BalanceSheetAmountsReported01
IRS990/BenefitsPaidToMembersCY00
IRS990/BsnssRltnshpThruFamilyMember00
IRS990/BsnssRltnshpWithOrganization00
IRS990/CashNonInterestBearing/BOY0119789
IRS990/CashNonInterestBearing/EOY099383
IRS990/ChangesToOrganizingDocs00
IRS990/CollectionsOfArt00
IRS990/CompCurrentOfficersDirectors/ManagementAndGeneral066000
IRS990/CompCurrentOfficersDirectors/ProgramServices040972
IRS990/CompCurrentOfficersDirectors/Total0106972
IRS990/CompensationFromOtherSources00
IRS990/CompensationProcessCEO01
IRS990/CompensationProcessOther01
IRS990/ComplianceWithBackupWitholding01
IRS990/ConflictOfInterestPolicy01
IRS990/ConservationEasements00
IRS990/ConsolidatedAuditFinancialStmt00
IRS990/ContributionsGrantsCurrentYear088726
IRS990/ContributionsGrantsPriorYear0154410
IRS990/CostOfGoodsSold08538
IRS990/CreditCounseling00
IRS990/DecisionsSubjectToApproval00
IRS990/DeductibleContributionsOfArt00
IRS990/DeductibleNonCashContributions00
IRS990/DeferredRevenue/BOY0733477
IRS990/DeferredRevenue/EOY0787018
IRS990/DelegationOfManagementDuties00
IRS990/DepreciationDepletion/ManagementAndGeneral046748
IRS990/DepreciationDepletion/Total046748
IRS990/DescribedIn501C301
IRS990/Description0THE SCHOOL PROVIDES A UNIVERSITY-MODEL APPROACH TO EDUCATION THAT INTEGRATES PROFESSIONAL INSTRUCTION WITH PARENT-MENTORED STUDY.
IRS990/DisregardedEntity00
IRS990/DocumentRetentionPolicy00
IRS990/DonorAdvisedFunds00
IRS990/ElectionOfBoardMembers00
IRS990/EmploymentTaxReturnsFiled01
IRS990/ExcessBenefitTransaction00
IRS990/Expense01483537
IRS990/FamilyOrBusinessRelationship01
IRS990/FederalGrantAuditRequired00
IRS990/FeesForServicesAccounting/ManagementAndGeneral012512
IRS990/FeesForServicesAccounting/Total012512
IRS990/FeesForServicesOther/ProgramServices04149
IRS990/FeesForServicesOther/Total04149
IRS990/FeesForServicesProfFundraising/Fundraising014100
IRS990/FeesForServicesProfFundraising/Total014100
IRS990/FinancialStatementSeparate0X
IRS990/FollowSFAS1170X
IRS990/ForeignActivities00
IRS990/ForeignFinancialAccount00
IRS990/ForeignOffice00
IRS990/Form8282PropertyDisposedOf00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek010.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek10.10
IRS990/Form990PartVIISectionA/AverageHoursPerWeek255.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek30.10
IRS990/Form990PartVIISectionA/AverageHoursPerWeek40.10
IRS990/Form990PartVIISectionA/AverageHoursPerWeek50.10
IRS990/Form990PartVIISectionA/AverageHoursPerWeek630.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek70.10
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector0X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector1X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector2X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector3X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector4X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector5X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector6X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector7X
IRS990/Form990PartVIISectionA/NamePerson0STUART NOLLEY
IRS990/Form990PartVIISectionA/NamePerson1DAX MCCRACKEN
IRS990/Form990PartVIISectionA/NamePerson2Jef Fowler
IRS990/Form990PartVIISectionA/NamePerson3Rex White
IRS990/Form990PartVIISectionA/NamePerson4SUSAN NOLLEY
IRS990/Form990PartVIISectionA/NamePerson5JENNIFER MCCRACKEN
IRS990/Form990PartVIISectionA/NamePerson6STARRLA FOWLERvp of grammar school
IRS990/Form990PartVIISectionA/NamePerson7Terri White
IRS990/Form990PartVIISectionA/Officer0X
IRS990/Form990PartVIISectionA/Officer1X
IRS990/Form990PartVIISectionA/Officer2X
IRS990/Form990PartVIISectionA/Officer3X
IRS990/Form990PartVIISectionA/OtherCompensation00
IRS990/Form990PartVIISectionA/OtherCompensation10
IRS990/Form990PartVIISectionA/OtherCompensation215357
IRS990/Form990PartVIISectionA/OtherCompensation30
IRS990/Form990PartVIISectionA/OtherCompensation40
IRS990/Form990PartVIISectionA/OtherCompensation50
IRS990/Form990PartVIISectionA/OtherCompensation60
IRS990/Form990PartVIISectionA/OtherCompensation70
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization010000
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization10
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization263000
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization30
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization4173
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization50
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization632500
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization70
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs00
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs10
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs20
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs30
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs40
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs50
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs60
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs70
IRS990/Form990PartVIISectionA/Title0CHAIRMAN
IRS990/Form990PartVIISectionA/Title1VICE CHAIRMAN
IRS990/Form990PartVIISectionA/Title2SECRETARY/head of school
IRS990/Form990PartVIISectionA/Title3Treasurer
IRS990/Form990PartVIISectionA/Title4TRUSTEE
IRS990/Form990PartVIISectionA/Title5TRUSTEE
IRS990/Form990PartVIISectionA/Title6TRUSTEE
IRS990/Form990PartVIISectionA/Title7TruSTEE
IRS990/Form990ProvidedToGoverningBody01
IRS990/FormersListed00
IRS990/FSAudited01
IRS990/FundraisingActivities00
IRS990/FundsToPayPremiums00
IRS990/Gaming00
IRS990/GrantsAndSimilarAmntsCY047490
IRS990/GrantsAndSimilarAmntsPriorYear03902
IRS990/GrantsToDomesticIndividuals/ProgramServices047490
IRS990/GrantsToDomesticIndividuals/Total047490
IRS990/GrantsToIndividuals01
IRS990/GrantsToOrganizations00
IRS990/GrantToRelatedPerson00
IRS990/GrossReceipts01896087
IRS990/GrossRents/Personal018113
IRS990/GrossSalesOfInventory018995
IRS990/GroupReturnForAffiliates00
IRS990/Hospital00
IRS990/IndependentAuditFinancialStmt01
IRS990/InformationTechnology/ManagementAndGeneral07558
IRS990/InformationTechnology/Total07558
IRS990/Insurance/ManagementAndGeneral010659
IRS990/Insurance/ProgramServices06942
IRS990/Insurance/Total017601
IRS990/InventoriesForSaleOrUse/BOY06760
IRS990/InventoriesForSaleOrUse/EOY06778
IRS990/InvestmentIncomeCurrentYear04100
IRS990/InvestmentIncome/ExclusionAmount04100
IRS990/InvestmentIncomePriorYear07893
IRS990/InvestmentIncome/TotalRevenueColumn04100
IRS990/InvestmentInJointVenture00
IRS990/InvestmentsOtherSecurities/BOY017899
IRS990/InvestmentsOtherSecurities/EOY017899
IRS990/LandBldgEquipmentAccumDeprec0105884
IRS990/LandBuildingsEquipmentBasis0163328
IRS990/LandBuildingsEquipmentBasisNet/BOY057317
IRS990/LandBuildingsEquipmentBasisNet/EOY057444
IRS990/LoanToOfficerOrDQP00
IRS990/LobbyingActivities00
IRS990/LocalChapters00
IRS990/MaterialDiversionOrMisuse00
IRS990/MembersOrStockholders00
IRS990/MethodOfAccountingAccrual0X
IRS990/MinutesOfCommittees01
IRS990/MinutesOfGoverningBody01
IRS990/MissionDescription0The mission of Veritas Academy is to minister to families by partnering with Christian parents to provide for the education founded upon a biblical worldview so that their children may commence a lifelong pursuit of knowledge, wisdom and understanding in their purposeful and passionate service of Jesus Christ, for the Glory of God. Veritas Academy has adopted a University-Model approach that integrates professional instruction with parent mentored study and character development to achieve a college preparatory level of academic excellence.
IRS990/MoreThan5000KToIndividuals00
IRS990/MoreThan5000KToOrganizations00
IRS990/NameOfPrincipalOfficerPerson0STUART NOLLEY
IRS990/NbrIndependentVotingMembers05
IRS990/NbrVotingGoverningBodyMembers08
IRS990/NbrVotingMembersGoverningBody08
IRS990/NetAssetsOrFundBalancesBOY0602318
IRS990/NetAssetsOrFundBalancesEOY0636421
IRS990/NetIncomeOrLoss/RelatedOrExemptFunctionIncome010457
IRS990/NetIncomeOrLoss/TotalRevenueColumn010457
IRS990/NetRentalIncomeOrLoss/RelatedOrExemptFunctionIncome018113
IRS990/NetRentalIncomeOrLoss/TotalRevenueColumn018113
IRS990/NetUnrelatedBusinessTxblIncome00
IRS990/NonDeductibleContributions00
IRS990/NumberFormsTransmittedWith109604
IRS990/NumberIndependentVotingMembers05
IRS990/NumberIndividualsGT100K00
IRS990/NumberOfContractorsGT100K00
IRS990/NumberOfEmployees098
IRS990/NumberW2GIncluded00
IRS990/Occupancy/ManagementAndGeneral0689
IRS990/Occupancy/ProgramServices0106266
IRS990/Occupancy/Total0106955
IRS990/OfficerEntityWithBsnssRltnshp00
IRS990/OfficerMailingAddress00
IRS990/Organization501c0X
IRS990/OtherAssetsTotal/BOY02000
IRS990/OtherAssetsTotal/EOY02000
IRS990/OtherEmployeeBenefits/ProgramServices040424
IRS990/OtherEmployeeBenefits/Total040424
IRS990/OtherExpensePriorYear0333431
IRS990/OtherExpensesCurrentYear0438725
IRS990/OtherExpenses/Description0SUPPLIES
IRS990/OtherExpenses/Description1TEACHER & STAFF TRAININ
IRS990/OtherExpenses/Description2DUES & SUBSCRIPTIONS
IRS990/OtherExpenses/Description3STUDENT ACTIVITIES
IRS990/OtherExpenses/Description4SPORTING EXPENSES
IRS990/OtherExpenses/ManagementAndGeneral0646
IRS990/OtherExpenses/ProgramServices0114644
IRS990/OtherExpenses/ProgramServices126823
IRS990/OtherExpenses/ProgramServices219246
IRS990/OtherExpenses/ProgramServices316981
IRS990/OtherExpenses/ProgramServices413666
IRS990/OtherExpenses/Total0115290
IRS990/OtherExpenses/Total126823
IRS990/OtherExpenses/Total219246
IRS990/OtherExpenses/Total316981
IRS990/OtherExpenses/Total413666
IRS990/OtherRevenueCurrentYear033013
IRS990/OtherRevenueMisc/BusinessCode0900099
IRS990/OtherRevenueMisc/BusinessCode1900099
IRS990/OtherRevenueMisc/BusinessCode2900099
IRS990/OtherRevenueMisc/Description0CHILDCARE FOR ACTIVITI
IRS990/OtherRevenueMisc/Description1MISCELLANEOUS
IRS990/OtherRevenueMisc/Description2BOOK FAIR INCOME
IRS990/OtherRevenueMisc/RelatedOrExemptFunctionIncome02318
IRS990/OtherRevenueMisc/RelatedOrExemptFunctionIncome11426
IRS990/OtherRevenueMisc/RelatedOrExemptFunctionIncome2699
IRS990/OtherRevenueMisc/TotalRevenueColumn02318
IRS990/OtherRevenueMisc/TotalRevenueColumn11426
IRS990/OtherRevenueMisc/TotalRevenueColumn2699
IRS990/OtherRevenuePriorYear019389
IRS990/OtherSalariesAndWages/ManagementAndGeneral0165100
IRS990/OtherSalariesAndWages/ProgramServices0942684
IRS990/OtherSalariesAndWages/Total01107784
IRS990/PartialLiquidation00
IRS990/PayrollTaxes/ManagementAndGeneral036620
IRS990/PayrollTaxes/ProgramServices061331
IRS990/PayrollTaxes/Total097951
IRS990/PledgesAndGrantsReceivable/BOY083122
IRS990/PledgesAndGrantsReceivable/EOY026682
IRS990/PoliticalActivities00
IRS990/PremiumsPaid00
IRS990/PrepaidExpensesDeferredCharges/BOY030035
IRS990/PrepaidExpensesDeferredCharges/EOY016152
IRS990/PriorExcessBenefitTransaction00
IRS990/ProfessionalFundraising00
IRS990/ProgramServiceRevenue/BusinessCode0900099
IRS990/ProgramServiceRevenue/BusinessCode1900099
IRS990/ProgramServiceRevenue/BusinessCode2900099
IRS990/ProgramServiceRevenue/BusinessCode3900099
IRS990/ProgramServiceRevenueCY01761710
IRS990/ProgramServiceRevenue/Description0TUITION AND FEES
IRS990/ProgramServiceRevenue/Description1ATHLETICS
IRS990/ProgramServiceRevenue/Description2FACILITIES FEES
IRS990/ProgramServiceRevenue/Description3ACTIVITIES
IRS990/ProgramServiceRevenuePriorYear01493624
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome01672047
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome145390
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome222500
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome321773
IRS990/ProgramServiceRevenue/TotalRevenueColumn01672047
IRS990/ProgramServiceRevenue/TotalRevenueColumn145390
IRS990/ProgramServiceRevenue/TotalRevenueColumn222500
IRS990/ProgramServiceRevenue/TotalRevenueColumn321773
IRS990/ProhibitedTaxShelterTrans00
IRS990/QuidProQuoContributions00
IRS990/RegularMonitoringEnforcement01
IRS990/RelatedEntity00
IRS990/RelatedOrgControlledEntity00
IRS990/RentalIncomeOrLoss/Personal018113
IRS990/Revenue01794723
IRS990/RevenuesLessExpensesCY034103
IRS990/RevenuesLessExpensesPriorYear0202237
IRS990/SalariesEtcCurrentYear01353131
IRS990/SalariesEtcPriorYear01135746
IRS990/SavingsAndTempCashInvestments/BOY01045776
IRS990/SavingsAndTempCashInvestments/EOY01236208
IRS990ScheduleA/School170b1Aii0X
IRS990ScheduleB/ContributorInfo/AggregateContributions0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/City0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/State0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorNameBusiness/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorNumber0RESTRICTED
IRS990/ScheduleBRequired01
IRS990ScheduleD/DonatedServicesUseOfFacilities05548
IRS990ScheduleD/DonatedSrvcAndUseOfFacilities05548
IRS990ScheduleD/ExcessOrDeficitForYear034103
IRS990ScheduleD/ExcessOrDeficitPerFS034103
IRS990ScheduleD/ExpensesNotRptdF99005548
IRS990ScheduleD/ExpensesNotRptdOnFinStmt047490
IRS990ScheduleD/ExpensesSubtotal01805956
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0Effective July 1, 2009, the School adopted FASB ASC 740-10, Accounting for Uncertainty in Income Taxes. That standard prescribes a minimum recognition threshold and measurement methodology that a tax position taken or expected to be taken in a tax return is required to meet before being recognized in financial statements. It also provides guidance for de-recognition, classification, interest and penalties, accounting in interim periods, disclosures, and transition. The cumulative effect of this change in accounting principle was immaterial.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation1financial aid tuition assistance: 47490.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation2financial aid tuition assistance: 47490.
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier0Part X:
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier1Part XII, Line 4b - Other Adjustments:
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier2Part XIII, Line 4b - Other Adjustments:
IRS990ScheduleD/Form990ScheduleDPartXIV/ReturnReference0Description of Uncertain Tax Positions Under FIN 48:
IRS990ScheduleD/OtherExpensesNotIncluded047490
IRS990ScheduleD/OtherLandBuildings/BookValue057444
IRS990ScheduleD/OtherLandBuildings/Depreciation0105884
IRS990ScheduleD/OtherLandBuildings/OtherCostOrOtherBasis0163328
IRS990ScheduleD/OtherRevenuesNotIncluded047490
IRS990ScheduleD/RevenueNotRptdF99005548
IRS990ScheduleD/RevenueNotRptdOnFinStmt047490
IRS990ScheduleD/RevenueSubtotal01840059
IRS990ScheduleD/TotalAdjustments00
IRS990ScheduleD/TotalExpenses01853446
IRS990ScheduleD/TotalExpensesPerForm99001853446
IRS990ScheduleD/TotalOfBookValueLandBuildings057444
IRS990ScheduleD/TotalRevenue01887549
IRS990ScheduleD/TotalRevenuePerForm99001887549
IRS990ScheduleD/TotExpensesEtcAuditedFinclStmt01811504
IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt01845607
IRS990ScheduleE/ComplianceWithRevProc755001
IRS990ScheduleE/DiscriminateRaceAdmissPolicies00
IRS990ScheduleE/DiscriminateRaceAthleticProg00
IRS990ScheduleE/DiscriminateRaceEducPolicies00
IRS990ScheduleE/DiscriminateRaceEmplmnFaculty00
IRS990ScheduleE/DiscriminateRaceOtherActy00
IRS990ScheduleE/DiscriminateRaceScholarships00
IRS990ScheduleE/DiscriminateRaceStudentsRights00
IRS990ScheduleE/DiscriminateRaceUseOfFclts00
IRS990ScheduleE/GovernmentFinancialAidReceived00
IRS990ScheduleE/GovernmentFinancialAidRevoked00
IRS990ScheduleE/MaintCopiesOfAllSolicitations01
IRS990ScheduleE/MaintCopiesOfBrochuresEtc01
IRS990ScheduleE/MaintRacialCompositionRecords01
IRS990ScheduleE/MaintScholarshipsRecords01
IRS990ScheduleE/NondiscriminatoryPolicyStmt01
IRS990ScheduleE/PolicyPublViaBroadcastMedia01
IRS990ScheduleE/PolicyStatementInBrochuresEtc01
IRS990ScheduleE/PubViaBroadcastMediaExpln0THE SCHOOL PUBLISHES A NOTICE, AS SPECIFIED IN REV PROC 75-50, IN THE FRONT SECTION OF THE PREDOMINANT NEWSPAPER IN OUR AREA DURING THE TIME THAT STUDENTS ARE BEING SOLICITED.
IRS990ScheduleI/Form990ScheduleIPartIII/AmountOfNonCashAssistance047490
IRS990ScheduleI/Form990ScheduleIPartIII/DescriptionOfNonCashAssistance0credit applied to tuition invoice
IRS990ScheduleI/Form990ScheduleIPartIII/MethodOfValuation0FMV
IRS990ScheduleI/Form990ScheduleIPartIII/NumberOfRecipients027
IRS990ScheduleI/Form990ScheduleIPartIII/TypeOfGrant0tuition assistance
IRS990ScheduleI/Form990ScheduleIPartIV/Explanation0Schedule I, Part I, Line 2: Veritas uses an independent, third party to provide a recommendation as to the amount of aid it should consider providing a family based on the third party's assessment of the family's financial needs. The third party bases their recommendation on the financial documents provided by the family. Veritas does not give cash awards to the families. Instead, the school immediately applies credits against families' tuition invoices once they have been awarded tuition assistance by the Board of Trustees.
IRS990ScheduleI/Form990ScheduleIPartIV/Identifier0Procedure for Monitoring Grants in the U.S.:
IRS990ScheduleI/Form990ScheduleIPartIV/ReturnReference0Part I, Line 2:
IRS990ScheduleI/RecordsMaintained01
IRS990/ScheduleJRequired00
IRS990ScheduleO/GeneralExplanation/Explanation0JEF FOWLER (SECRETARY/TRUSTEE/Head of School) & STARRLA FOWLER (TRUSTEE) are married STUART Nolley (CHAIRMAN) & SUSAN NOLLEY (TRUSTEE) ARE MARRIED DAX MCCracken (VICE CHAIRMAN) & JENNIFER MCCRACKEN (TRUSTEE) ARE MARRIED Rex White (Treasurer) & Terri White (Trustee) are married ELLEN SCHUKNECHT (Dean of Family Ministry) IS THE MOTHER OF TROY SCHUKNECHT (Head of Schools of Logic & Rhetoric)
IRS990ScheduleO/GeneralExplanation/Explanation1The Controller reviews the 990 first to identify any problems or errors and brings them to the accountant's attention. Once the Controller approves the 990, it is reviewed with the Head of School and Treasurer and then it is presented to the Finance Committee and Board of Trustees. If there are any issues that need to be addressed by the Board of Trustees, a special meeting will be called.
IRS990ScheduleO/GeneralExplanation/Explanation2THE BOARD DISCUSSES ANY POTENTIAL CONFLICT OF INTEREST SITUATIONS AND VOTES TO GO FORWARD OR NOT WITH THE PROPOSED SITUATION. Each year, every officer and trustee is required to complete a "disclosure of potential conflicts of interest" statement.
IRS990ScheduleO/GeneralExplanation/Explanation3COMPENSATION OF OTHER SCHOOLS OF SIMILAR AGE,SIZE,DEMOGRAPHICS AND TUITION REVENUE WERE CONSIDERED IN DETERMINING THE COMPENSATION FOR THE THREE BOARD MEMBERS WHO ARE ALSO EMPLOYEES OF THE SCHOOL. ONLY INDEPENDENT TRUSTEES VOTED TO APPROVE THE COMPENSATION FOR THOSE THREE BOARD MEMBERS. TRUSTEES ARE NOT COMPENSATED FOR BEING BOARD MEMBERS, NOR DO THEY RECEIVE BENEFITS OF ANY KIND.
IRS990ScheduleO/GeneralExplanation/Explanation4THE GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, FORM 1023, FORM 990 AND 990T (IF APPLICABLE) ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation5Veritas is in the process of writing a formal document retention policy.
IRS990ScheduleO/GeneralExplanation/Identifier0Form 990, Part VI, Section A, line 2
IRS990ScheduleO/GeneralExplanation/Identifier1Form 990, Part VI, Section B, line 11
IRS990ScheduleO/GeneralExplanation/Identifier2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/GeneralExplanation/Identifier3Form 990, Part VI, Section B, line 15
IRS990ScheduleO/GeneralExplanation/Identifier4Form 990, Part VI, Section C, line 19
IRS990ScheduleO/GeneralExplanation/Identifier5Form 990, Part VI, Section B, Line 14
IRS990/ScheduleORequired01
IRS990/School01
IRS990/SignificantChange00
IRS990/SignificantNewProgramServices00
IRS990/StateLegalDomicile0TX
IRS990/TaxablePartyNotification00
IRS990/TaxExemptBonds00
IRS990/TemporarilyRestrictedNetAssets/BOY0242358
IRS990/TemporarilyRestrictedNetAssets/EOY0252734
IRS990/Terminated00
IRS990/TermOrPermanentEndowments00
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine104220 Monterey Oaks Blvd
IRS990/TheBooksAreInCareOf/AddressUS/City0Austin
IRS990/TheBooksAreInCareOf/AddressUS/State0TX
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode078749
IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine10Debbi Toh
IRS990/TheBooksAreInCareOf/TelephoneNumber05128911675
IRS990/TotalAssets/BOY01367592
IRS990/TotalAssetsBOY01367592
IRS990/TotalAssets/EOY01470768
IRS990/TotalAssetsEOY01470768
IRS990/TotalCompGT150K00
IRS990/TotalContributions088726
IRS990/TotalExpensesCurrentYear01853446
IRS990/TotalExpensesPriorYear01473079
IRS990/TotalFunctionalExpenses/Fundraising014128
IRS990/TotalFunctionalExpenses/ManagementAndGeneral0355781
IRS990/TotalFunctionalExpenses/ProgramServices01483537
IRS990/TotalFunctionalExpenses/Total01853446
IRS990/TotalFundrsngExpCurrentYear014128
IRS990/TotalGrossUBI00
IRS990/TotalLiabilities/BOY0765274

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2010 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$1,470,768
Liabilities
$834,347
Net assets
$636,421
Revenue
-
Expenses
$1,853,446
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$27.1$11.8$15.3$14.2$8.73$5.45
2023Detailed filing. Detailed filing data is available for this year.$21.7$12.0$9.75$9.48$8.10$1.38
2022Detailed filing. Detailed filing data is available for this year.$19.5$11.8$7.69$7.50$7.17$0.34
2021Detailed filing. Detailed filing data is available for this year.$19.0$11.6$7.35$7.46$6.37$1.09
2020Detailed filing. Detailed filing data is available for this year.$18.8$12.6$6.26$5.69$6.23$0.54
2019Detailed filing. Detailed filing data is available for this year.$19.1$12.3$6.80$5.54$6.01$0.47
2018Detailed filing. Detailed filing data is available for this year.$19.2$12.0$7.27$5.40$4.98$0.43
2017Detailed filing. Detailed filing data is available for this year.$11.1$4.30$6.84$7.26$4.68$2.58
2016Detailed filing. Detailed filing data is available for this year.$7.92$3.66$4.26$6.42$4.42$2.01
2015Detailed filing. Detailed filing data is available for this year.$5.80$3.55$2.25$3.74$3.76$0.01
2014Detailed filing. Detailed filing data is available for this year.$5.69$3.41$2.28$3.36$3.28$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.66$3.45$2.21$2.95
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.68$1.09$0.58$2.76
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.73$1.10$0.63$2.22
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.47$0.83$0.64$1.85