Civic Intelligence

Veritas College Preparatory

EIN 26-4135406 • 501(c)3 • Memphis, TN

Profile

The organization prepares memphis students in grades six through eight to excel in high school and college as accomplished scholars and to contribute to their communities as ethical leaders.

1500 Dunn AveMemphis, TN 38106

www.veritascollegeprep.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

70th percentile

0.24x

Higher debt load relative to assets than 70% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

66th percentile

0.19x

Higher debt load relative to revenue than 66% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

45th percentile

2.3%

Higher net margin than 45% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

80th percentile

$139,037

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 5.7% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

24th percentile

-5.0%

Faster asset growth than 24% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

32nd percentile

-2.9%

Faster revenue growth than 32% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets70th percentile

Assets

Down

$1,911,211

Down $101,227 (-5.0%) from 2023

Liabilities

Down

$467,307

Down $158,705 (-25%) from 2023

Net Assets

Up

$1,443,904

Up $57,478 (+4.1%) from 2023

Operations
Liabilities / Revenue66th percentileNet Margin45th percentile

Revenue

Down

$2,449,506

Down $74,322 (-2.9%) from 2023

Expenses

Up

$2,392,028

Up $302,694 (+14%) from 2023

Net Income

Down

$57,478

Down $377,016 (-87%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth24th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0-$1.0MAssets 2010: $286,158Liabilities 2010: $0Net Assets 2010: $286,1582010Assets 2011: $406,607Liabilities 2011: $89,963Net Assets 2011: $316,6442011Assets 2012: $351,548Liabilities 2012: $233,766Net Assets 2012: $117,7822012Assets 2013: $222,776Liabilities 2013: $379,084Net Assets 2013: -$156,3082013Assets 2014: $90,596Liabilities 2014: $238,605Net Assets 2014: -$148,0092014Assets 2015: $299,265Liabilities 2015: $448,929Net Assets 2015: -$149,6642015Assets 2016: $425,408Liabilities 2016: $467,062Net Assets 2016: -$41,6542016Assets 2017: $489,353Liabilities 2017: $281,065Net Assets 2017: $208,2882017Assets 2018: $514,769Liabilities 2018: $271,828Net Assets 2018: $242,9412018Assets 2019: $605,887Liabilities 2019: $276,200Net Assets 2019: $329,6872019Assets 2020: $1,009,225Liabilities 2020: $264,526Net Assets 2020: $744,6992020Assets 2021: $1,116,362Liabilities 2021: $246,790Net Assets 2021: $869,5722021Assets 2022: $2,236,920Liabilities 2022: $1,284,988Net Assets 2022: $951,9322022Assets 2023: $2,012,438Liabilities 2023: $626,012Net Assets 2023: $1,386,4262023Assets 2024: $1,911,211Liabilities 2024: $467,307Net Assets 2024: $1,443,9042024

Highlighted filing

2024

Assets$1,911,211
Liabilities$467,307
Net Assets$1,443,904
Open 2024 Filing

Operations Trend

Revenue Growth32nd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0Revenue 2010: $398,404Expenses 2010: $112,246Net Income 2010: $286,1582010Expenses 2011: $1,207,9552011Expenses 2012: $1,766,0962012Expenses 2013: $1,864,2822013Revenue 2014: $1,918,871Expenses 2014: $1,910,572Net Income 2014: $8,2992014Revenue 2015: $1,843,023Expenses 2015: $1,626,741Net Income 2015: $216,2822015Revenue 2016: $1,601,566Expenses 2016: $1,493,556Net Income 2016: $108,0102016Revenue 2017: $1,461,814Expenses 2017: $1,211,872Net Income 2017: $249,9422017Revenue 2018: $1,481,000Expenses 2018: $1,446,347Net Income 2018: $34,6532018Revenue 2019: $1,373,484Expenses 2019: $1,286,738Net Income 2019: $86,7462019Revenue 2020: $1,866,057Expenses 2020: $1,451,045Net Income 2020: $415,0122020Revenue 2021: $1,596,034Expenses 2021: $1,471,161Net Income 2021: $124,8732021Revenue 2022: $1,648,675Expenses 2022: $1,566,315Net Income 2022: $82,3602022Revenue 2023: $2,523,828Expenses 2023: $2,089,334Net Income 2023: $434,4942023Revenue 2024: $2,449,506Expenses 2024: $2,392,028Net Income 2024: $57,4782024

Highlighted filing

2024

Revenue$2,449,506
Expenses$2,392,028
Net Income$57,478
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,911,211
Liabilities
$467,307
Net assets
$1,443,904
Revenue
$2,449,506
Expenses
$2,392,028
Net income
$57,478
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.91$0.47$1.44$2.45$2.39$0.06
2023Detailed filing. Detailed filing data is available for this year.$2.01$0.63$1.39$2.52$2.09$0.43
2022Detailed filing. Detailed filing data is available for this year.$2.24$1.28$0.95$1.65$1.57$0.08
2021Detailed filing. Detailed filing data is available for this year.$1.12$0.25$0.87$1.60$1.47$0.12
2020Detailed filing. Detailed filing data is available for this year.$1.01$0.26$0.74$1.87$1.45$0.42
2019Detailed filing. Detailed filing data is available for this year.$0.61$0.28$0.33$1.37$1.29$0.09
2018Detailed filing. Detailed filing data is available for this year.$0.51$0.27$0.24$1.48$1.45$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.49$0.28$0.21$1.46$1.21$0.25
2016Detailed filing. Detailed filing data is available for this year.$0.43$0.47$0.04$1.60$1.49$0.11
2015Detailed filing. Detailed filing data is available for this year.$0.30$0.45$0.15$1.84$1.63$0.22
2014Detailed filing. Detailed filing data is available for this year.$0.09$0.24$0.15$1.92$1.91$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.22$0.38$0.16$1.86
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.35$0.23$0.12$1.77
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.41$0.09$0.32$1.21
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.29$0.00$0.29$0.40$0.11$0.29
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Nov 10, 2024
Return Version
2023v5.1
Gross Receipts
$2,449,506
Mission and Program Overview

Mission

The organization prepares memphis students in grades six through eight to excel in high school and college as accomplished scholars and to contribute to their communities as ethical leaders.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,028,086$1,031,293▲ $3,207
Land, Buildings, and Equipment, Net$87,542$71,136▼ $16,406
Accounts Receivable$24,800--
Prepaid Expenses and Deferred Charges$800$800→ $0
Total Assets$2,012,438$1,911,211▼ $101,227
Other Assets Total$871,210$807,982▼ $63,228
Liabilities
Other Liabilities$535,355$368,364▼ $166,991
Accounts Payable and Accrued Expenses$90,657$98,943▲ $8,286
Total Liabilities$626,012$467,307▼ $158,705
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,386,426$1,443,904▲ $57,478
Total Net Assets Fund Balance$1,386,426$1,443,904▲ $57,478
Total Liabilities and Net Assets / Fund Balance$2,012,438$1,911,211▼ $101,227

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$36,136$119,351$155,487
Leasehold Improvements$35,000$90,000$125,000
Other Assets Org$215,032--
Compensation and Service Providers
Top Officer Pay80th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nick GetschmanExecutive DirectorFT$129,191$9,846$139,037

Board Members and Trustees

NameTitle
Tierney Jackson SmithBoard Chair
Chrissy GeibelVice Chair
Rudy WalkerSecretary
Luke FranklinTreasurer
Sonya FleckTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,431,908
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$17,598
All Other Contributions
$11,415
Change in Net Assets
$57,478

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,449,506
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,449,506
Total Revenue per Form 990
$2,449,506
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,551,657
Other Expenses$840,371
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$884,766$35,114-$919,880
Current Officers, Directors, Trustees, and Key Employees$268,929$163,861-$432,790
Occupancy$188,462$16,173-$204,635
Payroll Taxes$84,847$15,222-$100,069
Pension Plan Contributions$84,333$14,585-$98,918
All Other Expenses$34,332$40,922-$75,254
Other Expenses$17,598$24,777-$42,375
Fees for Services Other-$23,338-$23,338
Insurance-$21,818-$21,818
Fees for Services Accounting-$20,000-$20,000
Depreciation Depletion$17,733$1,970-$19,703
Interest-$11,256-$11,256
Office Expenses-$2,391-$2,391
Advertising-$1,487-$1,487
Fees for Services Legal-$794-$794
Total Functional Expenses$1,684,215$707,813$0$2,392,028

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,392,028
Total Expenses per Audited Statements$2,392,028
Total Expenses per Form 990$2,392,028
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Right to Use Lease Liability$335,241
Deferred Inflows - Pension$33,123
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The return preparer provided a copy of the final version of form 990 to the board of directors before it was filed. Additionally, the board of directors reviewed and approved the return before it was filed.”

Form 990, Part VI, Section B, Line 12C

“The board and the executive director annually reviews and enforces the conflict of interest policy.”

Form 990, Part VI, Section C, Line 19

“Veritas college preparatory leadership academy provides its financial statements or other governing documents for public inspection upon request.”

Filing and Contact Details

Filer

Filer Name
Veritas College Preparatory
EIN
26-4135406
Phone
9015261900
Address
1500 DUNN AVE, MEMPHIS, TN 38106

Signing Officer

Name
Nick Getschman
Title
Executive Director
Phone
9015261900
Signed
2024-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nick Getschman
Formed
2009
Legal Domicile
Tn
Voting Board Members
5
Independent Board Members
5
Employees
24
Volunteers
25

Preparer

Firm
Henderson Hutcherson & Mccullough Pllc
Address
1755 KIRBY PARKWAY SUITE 200, MEMPHIS, TN 38120
Preparer
Richard a Swope
Phone
9016834234
Supplemental Narrative

Additional Explanations

Part XI, Line 2C

“The process used by the committee to oversee and audit has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“Accounting principles generally accepted in the united states of america requires management of the school to evaluate tax positions taken by the school and recognize a tax liability (or asset) if the school has taken an uncertain position that more likely than not would not be sustained upon examination by the irs. The school has analyzed the tax positions taken by the school and has concluded that as of june 30, 2024, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The school is subject to routine audits by taxing jurisdictions; however, there are currently no audits in progress for any tax periods. The school believes it is no longer subject to income tax examinations for years prior to june 30, 2021.”

Raw XML AppendixShowing 400 of 406 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.

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IRS990/OtherExpensesGrp/TotalAmt1114000
IRS990/OtherExpensesGrp/TotalAmt257510
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IRS990/OtherLiabilitiesGrp/BOYAmt0535355
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IRS990/OtherRevenueMiscGrp/BusinessCd0611110
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
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IRS990/OtherSalariesAndWagesGrp/TotalAmt0919880
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt015222
IRS990/PayrollTaxesGrp/ProgramServicesAmt084847
IRS990/PayrollTaxesGrp/TotalAmt0100069
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt014585
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt084333
IRS990/PensionPlanContributionsGrp/TotalAmt098918
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0800
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0800
IRS990/PrincipalOfficerNm0NICK GETSCHMAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02495298
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0752081
IRS990/PYOtherRevenueAmt028530
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0434494
IRS990/PYSalariesCompEmpBnftPaidAmt01337253
IRS990/PYTotalExpensesAmt02089334
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02523828
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt057478
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt036136
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0119351
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0155487
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02392028
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt035000
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt090000
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0125000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0322659
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt150827
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2219464
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3215032
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RIGHT TO USE LEASED ASSET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1STABILIZATION RESERVE TRUST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2NET PENSION ASSETS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3DEFFERED OUTFLOWS - PENSION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt033123
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1335241
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED INFLOWS - PENSION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1RIGHT TO USE LEASE LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02449506
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES MANAGEMENT OF THE SCHOOL TO EVALUATE TAX POSITIONS TAKEN BY THE SCHOOL AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE SCHOOL HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. THE SCHOOL HAS ANALYZED THE TAX POSITIONS TAKEN BY THE SCHOOL AND HAS CONCLUDED THAT AS OF JUNE 30, 2024, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE SCHOOL IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS FOR ANY TAX PERIODS. THE SCHOOL BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO JUNE 30, 2021.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt071136
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0807982
IRS990ScheduleD/TotalExpensesPerForm990Amt02392028
IRS990ScheduleD/TotalLiabilityAmt0368364
IRS990ScheduleD/TotalRevenuePerForm990Amt02449506
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02449506
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02392028
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL MEETS REV. PROC. 75-50, 1975-2 C.B. 587 SECTION 4.0 (2)C BY DRAWING STUDENTS FROM LOCAL COMMUNITIES.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECEIVED GRANTS FROM THE TENNESSEE DEPARTMENT OF EDUCATION TOTALING $1,620,700 AND GRANTS FROM THE U.S. DEPARTMENT OF EDUCATION TOTALING $799,793.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE RETURN PREPARER PROVIDED A COPY OF THE FINAL VERSION OF FORM 990 TO THE BOARD OF DIRECTORS BEFORE IT WAS FILED. ADDITIONALLY, THE BOARD OF DIRECTORS REVIEWED AND APPROVED THE RETURN BEFORE IT WAS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD AND THE EXECUTIVE DIRECTOR ANNUALLY REVIEWS AND ENFORCES THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2VERITAS COLLEGE PREPARATORY LEADERSHIP ACADEMY PROVIDES ITS FINANCIAL STATEMENTS OR OTHER GOVERNING DOCUMENTS FOR PUBLIC INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PROCESS USED BY THE COMMITTEE TO OVERSEE AND AUDIT HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XI, LINE 2C
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02012438
IRS990/TotalAssetsEOYAmt01911211
IRS990/TotalAssetsGrp/BOYAmt02012438
IRS990/TotalAssetsGrp/EOYAmt01911211
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02431908
IRS990/TotalEmployeeCnt024
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0707813
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01684215
IRS990/TotalFunctionalExpensesGrp/TotalAmt02392028
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0626012
IRS990/TotalLiabilitiesEOYAmt0467307
IRS990/TotalLiabilitiesGrp/BOYAmt0626012
IRS990/TotalLiabilitiesGrp/EOYAmt0467307
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01386426
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01443904
IRS990/TotalOtherCompensationAmt09846
IRS990/TotalProgramServiceExpensesAmt01684215
IRS990/TotalReportableCompFromOrgAmt0129191
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt017598
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02449506
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt025
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02012438
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01911211
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01500 DUNN AVE
IRS990/USAddress/CityNm0MEMPHIS
IRS990/USAddress/StateAbbreviationCd0TN
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IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.VERITASCOLLEGEPREP.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0NICK GETSCHMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09015261900
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VERITAS COLLEGE PREPARATORY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0LEADERSHIP ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0VERI
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ReturnHeader/Filer/PhoneNum09015261900
ReturnHeader/Filer/USAddress/AddressLine1Txt01500 DUNN AVE
ReturnHeader/Filer/USAddress/CityNm0MEMPHIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd038106
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0621114363
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HENDERSON HUTCHERSON & MCCULLOUGH PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01755 KIRBY PARKWAY SUITE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MEMPHIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd038120
ReturnHeader/PreparerPersonGrp/PhoneNum09016834234
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-10

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