Veritas Academy

“Form 990, Part VI, Section A, Line 2 - Susie Brooks, President and Founder of the Academy, and Steven Brooks, Director of Spiritual Formation, Board Secretary and Director of Facilities, are husband and wife. Seraiah Brooks, Board Member, is son to the previously mentioned President and the Director of Spiritual Formation.”

“All board members have the right to request the in-process 990 submission at any time. Once completed, they are informed by email that it is ready for submission to the IRS.”

“The organization regularly monitors compliance through annual policy reviews, required disclosure forms, and ongoing oversight by leadership. Any potential violations are reviewed and addressed promptly to ensure consistent adherence to the policy.”

“We have a compensation policy that looks at comparable organizations in the state. The purpose of this policy is to establish a consistent framework for determining, administering, and reviewing compensation for teachers, staff, and administrators at Veritas Academy. This policy aims to: - Attract and retain high-quality faculty and staff committed to the mission of classical Christian education. - Ensure fairness, equity, and transparency in compensation decisions. - Align salaries with budget sustainability and market benchmarks.”

“During the tax year, the organization made its governing documents, conflict of interest policy, and financial statements available to the public upon request. Copies could be obtained by contacting the organization's main office by mail, email, or telephone.”

“During preparation of the originally filed Form 990, loan proceeds were inadvertently recorded as revenue. As a result, total revenue was overstated. This amendment corrects the error by properly classifying the amount as loan proceeds rather than income, thereby reducing reported revenue to reflect the organization's actual receipts.”

“Facilities, maintenance, repairs, transportation and administrative.”

“Lost revenue from unexpected early student withdrawal.”