Veritas Academy

990 • Fiscal year 2013 • EIN 20-1632745

Jul 01, 2012 to Jun 30, 2013 • Filed on May 15, 2014

Organization Profile WWW.VERITASACADEMY.NET

PO Box 9051778709-0517

Siviq Scores

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

0.61x

Higher debt load relative to assets than 79% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2013

No value available

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

Source year 2013

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2013

No value available

This filing does not contain officer compensation rows.

Source year 2013

237%

Faster asset growth than 99% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2012 to 2013

No value available

No valid filing value is available for this score.

Balance Sheet

Liabilities / Assets79th percentile

Assets

$5,661,569

Up $3,983,573 (+237%) from 2012

Net Assets

$2,207,994

Up $1,623,775 (+278%) from 2012

Liabilities

$3,453,575

Up $2,359,798 (+216%) from 2012

Revenue And Expenses

Liabilities / RevenueScore unavailable Net MarginScore unavailable

Revenue

No earlier filing loaded for comparison.

Expenses

$2,945,060

Up $181,819 (+6.6%) from 2012

Net Income

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

Highlighted filing

2013

Assets$5,661,569

Liabilities$3,453,575

Net Assets$2,207,994

Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

Highlighted filing

2013

Revenue-

Expenses$2,945,060

Net Income-

Open 2013 Filing

Jump To

Filing Snapshot

Filing Period: Jul 1, 2012 to Jun 30, 2013
Signed: May 15, 2014
Return Version: 2012v2.1
Gross Receipts: $4,822,774

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

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

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IRS990ScheduleE/DiscriminateRaceStudentsRights	0	0
IRS990ScheduleE/DiscriminateRaceUseOfFclts	0	0
IRS990ScheduleE/Form990ScheduleEPartII/Explanation	0	THE SCHOOL PUBLISHES ITS RACIALLY NONDISCRIMINATION POLICY IN MULTIPLE PLACES ON ITS WEBSITE WHICH SERVES AS THE SCHOOL'S PRIMARY MARKETING AND PROMOTIONAL VEHICLE.
IRS990ScheduleE/Form990ScheduleEPartII/Identifier	0	EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION
IRS990ScheduleE/Form990ScheduleEPartII/ReturnReference	0	SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/GovernmentFinancialAidReceived	0	0
IRS990ScheduleE/GovernmentFinancialAidRevoked	0	0
IRS990ScheduleE/MaintCopiesOfAllSolicitations	0	1
IRS990ScheduleE/MaintCopiesOfBrochuresEtc	0	1
IRS990ScheduleE/MaintRacialCompositionRecords	0	1
IRS990ScheduleE/MaintScholarshipsRecords	0	1
IRS990ScheduleE/NondiscriminatoryPolicyStmt	0	1
IRS990ScheduleE/PolicyPublViaBroadcastMedia	0	0
IRS990ScheduleE/PolicyStatementInBrochuresEtc	0	1
IRS990ScheduleG/EventsInformation/CharitableContributionsEvent1	0	34790
IRS990ScheduleG/EventsInformation/CharitableContributionsEvent2	0	8274
IRS990ScheduleG/EventsInformation/CharitableContributionsTotal	0	43064
IRS990ScheduleG/EventsInformation/DirectExpenseSummaryEvents	0	17213
IRS990ScheduleG/EventsInformation/EntertainmentEvent2	0	1200
IRS990ScheduleG/EventsInformation/EntertainmentTotalEvents	0	1200
IRS990ScheduleG/EventsInformation/FoodAndBeverageEvent1	0	630
IRS990ScheduleG/EventsInformation/FoodAndBeverageEvent2	0	5774
IRS990ScheduleG/EventsInformation/FoodAndBeverageTotalEvents	0	6404
IRS990ScheduleG/EventsInformation/GrossReceiptsEvent1	0	34790
IRS990ScheduleG/EventsInformation/GrossReceiptsEvent2	0	46917
IRS990ScheduleG/EventsInformation/GrossReceiptsTotal	0	81707
IRS990ScheduleG/EventsInformation/GrossRevenueEvent2	0	38643
IRS990ScheduleG/EventsInformation/GrossRevenueTotalEvents	0	38643
IRS990ScheduleG/EventsInformation/NameOfEvent1	0	DEFENDER DASH
IRS990ScheduleG/EventsInformation/NameOfEvent2	0	DEFENDER GOLF TOURNAMENT
IRS990ScheduleG/EventsInformation/NetIncomeSummary	0	21430
IRS990ScheduleG/EventsInformation/NonCashPrizesEvent2	0	555
IRS990ScheduleG/EventsInformation/NonCashPrizesTotalEvents	0	555
IRS990ScheduleG/EventsInformation/OtherDirectExpensesEvent1	0	1970
IRS990ScheduleG/EventsInformation/OtherDirectExpensesEvent2	0	1861
IRS990ScheduleG/EventsInformation/OtherDirectExpensesTotalEvents	0	3831
IRS990ScheduleG/EventsInformation/RentFacilityCostsEvent2	0	5223
IRS990ScheduleG/EventsInformation/RentFacilityCostsTotalEvents	0	5223
IRS990ScheduleI/Form990ScheduleIPartIII/AmountOfNonCashAssistance	0	105565
IRS990ScheduleI/Form990ScheduleIPartIII/DescriptionOfNonCashAssistance	0	CREDIT APPLIED TO TUITION INVOICE
IRS990ScheduleI/Form990ScheduleIPartIII/MethodOfValuation	0	FMV
IRS990ScheduleI/Form990ScheduleIPartIII/NumberOfRecipients	0	51
IRS990ScheduleI/Form990ScheduleIPartIII/TypeOfGrant	0	TUITION ASSISTANCE
IRS990ScheduleI/Form990ScheduleIPartIV/Explanation	0	SCHEDULE 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.
IRS990ScheduleI/Form990ScheduleIPartIV/Identifier	0	PROCEDURE FOR MONITORING GRANTS IN THE U.S.:
IRS990ScheduleI/Form990ScheduleIPartIV/ReturnReference	0	PART I, LINE 2:

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing

Assets: $5,661,569
Liabilities: $3,453,575
Net assets: $2,207,994
Revenue: -
Expenses: $2,945,060
Net income: -

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net 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