Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on the latest valid filing.
Veritas Academy
EIN 26-3751359 • 501(c)3 • Texarkana, AR
Profile
The primary exempt purpose of the corporation is to operate a school (kindergarten through 12th grade), that closely adheres to the statement of faith and purpose as set out in sections 1 and 2 of article ii of the corporations by laws.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
No value available
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.
Net Margin
1st percentile
Higher net margin than 1% of similar nonprofits.
Top Officer Pay
82nd percentile
Higher top officer pay than 82% of similar nonprofits.
Top officer pay equals 53000.0% of source-year revenue.
Asset Growth
15th percentile
Faster asset growth than 15% of similar nonprofits.
Revenue Growth
4th percentile
Faster revenue growth than 4% of similar nonprofits.
Balance Sheet
Assets
Down$48,051
Down $485,572 (-91%) from 2020
Liabilities
-
No earlier filing loaded for comparison.
Net Assets
Down$48,051
Down $313,556 (-87%) from 2020
Revenue
Down$5
Down $165,563 (-100%) from 2020
Expenses
Down$97,187
Down $128,565 (-57%) from 2020
Net Income
Down-$97,182
Down $36,998 (-61%) from 2020
Trend Graphs
Filings
Most recent year
2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $48,051
- Liabilities
- -
- Net assets
- $48,051
- Revenue
- $5
- Expenses
- $97,187
- Net income
- -$97,182
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2021 to Jun 30, 2022
- Signed
- May 15, 2023
- Return Version
- 2021v4.0
- Gross Receipts
- $5
Mission and Program Overview
Mission
The primary exempt purpose of the corporation is to operate a school (kindergarten through 12th grade), that closely adheres to the statement of faith and purpose as set out in sections 1 and 2 of article ii of the corporations by laws.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| THE COVID EPIDEMIC CREATED AN ENROLLMENT AND FINANCIAL ENVIRONMENT THAT FORCED THE ORGANIZATION TO CLOSE IT'S SCHOOL AND TO BEGIN WINDING DOWN THE ACTIVITIES OF THE ORGANIZATION TO A CLOSE. ALL CURRENT YEAR ACTIVITIES RELATED TO CLOSING DONE THE ORGANIZATION. | - | $97,187 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| JOE BEN HOUSE | Headmaster | - | $2,650 | - | $2,650 |
| RICHARD HORNOK | Board Secret | - | $0 | - | - |
| ANITA KAY MCCRAW | Director | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Veritas Academy
- EIN
- 26-3751359
- Phone
- 9032785643
- Address
- 1390 COOK ROAD, TEXARKANA, AR 71854
Signing Officer
- Name
- Anita Kay Mccraw
- Title
- Director
- Phone
- 9032785643
- Signed
- 2023-05-15
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Holliday Lemons & Cox Pc
- Address
- 2001 MOORES LANE, TEXARKANA, TX 75503
- Preparer
- Troy D Lemons
- Phone
- 9038232727
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16
“Expenses bank charges 25 total 25”
Form 990-ez, Part III
“The primary exempt purpose of the corporation is to operate a school (kindergarten through 12th grade), that closely adheres to the statement of faith and purpose as set out in sections 1 and 2 of article ii of the corporations by laws.”
Form 990-ez, Part III, Line 28
“The covid epidemic created an enrollment and financial environment that forced the organization to close it's school and to begin winding down the activities of the organization to a close. All current year activities related to closing done the organization.”
Raw XML Appendix125 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 |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | MARLA ROBERTS |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 9032802698 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1390 COOK RD |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | TEXARKANA |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | AR |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 718540667 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 145233 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 48051 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 5 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -97182 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 14810 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 145233 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 48051 |
| IRS990EZ/GrossReceiptsAmt | 0 | 5 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 145233 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 48051 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 145233 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 48051 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 2650 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | RICHARD HORNOK |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | JOE BEN HOUSE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | ANITA KAY MCCRAW |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | BOARD SECRET |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | HEADMASTER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | DIRECTOR |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 25 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | THE PRIMARY EXEMPT PURPOSE OF THE CORPORATION IS TO OPERATE A SCHOOL (KINDERGARTEN THROUGH 12TH GRADE), THAT CLOSELY ADHERES TO THE STATEMENT OF FAITH AND PURPOSE AS SET OUT IN SECTIONS 1 AND 2 OF ARTICLE II OF THE CORPORATIONS BY LAWS. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | THE COVID EPIDEMIC CREATED AN ENROLLMENT AND FINANCIAL ENVIRONMENT THAT FORCED THE ORGANIZATION TO CLOSE IT'S SCHOOL AND TO BEGIN WINDING DOWN THE ACTIVITIES OF THE ORGANIZATION TO A CLOSE. ALL CURRENT YEAR ACTIVITIES RELATED TO CLOSING DONE THE ORGANIZATION. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 97187 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 82352 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | true |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 97187 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 97187 |
| IRS990EZ/TotalRevenueAmt | 0 | 5 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | VERITASACADEMYTXK.COM |
| IRS990ScheduleA/SchoolInd | 0 | X |
| IRS990ScheduleE/ComplianceWithRevProc7550Ind | 0 | true |
| IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceAthltProgInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceEducPlcyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceOtherActyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceSchsInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd | 0 | false |
| IRS990ScheduleE/GovernmentFinancialAidRcvdInd | 0 | false |
| IRS990ScheduleE/GovernmentFinancialAidRvkdInd | 0 | false |
| IRS990ScheduleE/MaintainCpyOfAllSolInd | 0 | true |
| IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd | 0 | true |
| IRS990ScheduleE/MaintainRacialCompRecsInd | 0 | true |
| IRS990ScheduleE/MaintainScholarshipsRecsInd | 0 | true |
| IRS990ScheduleE/NondiscriminatoryPolicyStmtInd | 0 | true |
| IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd | 0 | true |
| IRS990ScheduleE/PolicyStmtInBrochuresEtcInd | 0 | true |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 0 | THE ACADEMY'S NONDISCRIMINATION POLICY IS PUBLISHED ON IT'S WEBSITE VERITASACADEMYTXK.COM AND A COPY OF THE POLICY IS INCLUDED IN ALL MATERIALS DISTRIBUTED TO PROSPECTIVE STUDENTS. |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE E, LINE 3 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES BANK CHARGES 25 TOTAL 25 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE PRIMARY EXEMPT PURPOSE OF THE CORPORATION IS TO OPERATE A SCHOOL (KINDERGARTEN THROUGH 12TH GRADE), THAT CLOSELY ADHERES TO THE STATEMENT OF FAITH AND PURPOSE AS SET OUT IN SECTIONS 1 AND 2 OF ARTICLE II OF THE CORPORATIONS BY LAWS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE COVID EPIDEMIC CREATED AN ENROLLMENT AND FINANCIAL ENVIRONMENT THAT FORCED THE ORGANIZATION TO CLOSE IT'S SCHOOL AND TO BEGIN WINDING DOWN THE ACTIVITIES OF THE ORGANIZATION TO A CLOSE. ALL CURRENT YEAR ACTIVITIES RELATED TO CLOSING DONE THE ORGANIZATION. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART III |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART III, LINE 28 |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | ANITA KAY MCCRAW |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | DIRECTOR |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 9032785643 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2023-05-15 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | VERITAS ACADEMY |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | VERI |
| ReturnHeader/Filer/EIN | 0 | 263751359 |
| ReturnHeader/Filer/PhoneNum | 0 | 9032785643 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 1390 COOK ROAD |
| ReturnHeader/Filer/USAddress/CityNm | 0 | TEXARKANA |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | AR |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 71854 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 752240394 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | HOLLIDAY LEMONS & COX PC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 2001 MOORES LANE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | TEXARKANA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | TX |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 75503 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 9038232727 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2023-05-15 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | TROY D LEMONS |
| ReturnHeader/ReturnTs | 0 | 2023-05-15T19:47:33-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | KAY |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | MCCRAW |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2021-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2022-06-30 |
| ReturnHeader/TaxYr | 0 | 2021 |
Document Assets
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