Civic Intelligence

Veritas College Preparatory Leadership Academy

990 • Fiscal year 2020 • EIN 26-4135406

Jul 01, 2019 to Jun 30, 2020 • Filed on Jan 20, 2021

Organization ProfileWWW.VERITASCOLLEGEPREP.ORG
1500 Dunn AveMemphis, TN 38106

(901) 526-1900

Siviq Scores

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

Liabilities / Assets

68th percentile

0.26x

Higher debt load relative to assets than 68% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

51st percentile

0.14x

Higher debt load relative to revenue than 51% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

75th percentile

22%

Higher net margin than 75% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

74th percentile

$112,713

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 6.0% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

89th percentile

67%

Faster asset growth than 89% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

83rd percentile

36%

Faster revenue growth than 83% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets68th percentile

Assets

Up

$1,009,225

Up $403,338 (+67%) from 2019

Net Assets

Up

$744,699

Up $415,012 (+126%) from 2019

Liabilities

Down

$264,526

Down $11,674 (-4.2%) from 2019

Revenue And Expenses
Liabilities / Revenue51st percentileNet Margin75th percentile

Revenue

Up

$1,866,057

Up $492,573 (+36%) from 2019

Expenses

Up

$1,451,045

Up $164,307 (+13%) from 2019

Net Income

Up

$415,012

Up $328,266 (+378%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth89th percentile

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

$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

2020

Assets$1,009,225
Liabilities$264,526
Net Assets$744,699
Open 2020 Filing

Operations Trend

Revenue Growth83rd percentile

Revenue, expenses, and net income across loaded years, with this 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

2020

Revenue$1,866,057
Expenses$1,451,045
Net Income$415,012
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Jan 20, 2021
Return Version
2019v5.1
Gross Receipts
$1,866,057
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$272,395$676,923▲ $404,528
Land, Buildings, and Equipment, Net$88,986$75,074▼ $13,912
Accounts Receivable$1,269$6,504▲ $5,235
Prepaid Expenses and Deferred Charges$800$800→ $0
Total Assets$605,887$1,009,225▲ $403,338
Other Assets Total$242,437$249,924▲ $7,487
Liabilities
Accounts Payable and Accrued Expenses$194,985$157,816▼ $37,169
Other Liabilities$81,215$106,710▲ $25,495
Total Liabilities$276,200$264,526▼ $11,674
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$93,635$601,485▲ $507,850
Net Assets With Donor Restrictions$236,052$143,214▼ $92,838
Total Net Assets Fund Balance$329,687$744,699▲ $415,012
Total Liabilities and Net Assets / Fund Balance$605,887$1,009,225▲ $403,338

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$75,000$50,000$125,000
Equipment$74$88,326$88,400
Other Assets Org$12,261--
Compensation and Service Providers
Top Officer Pay74th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nick GetschmanExecutive DirectorFT$101,667$11,046$112,713
Marvelle PorterDean of Student LifeFT$62,966$11,886$74,852

Board Members and Trustees

NameTitle
Matt WeathersbyPresident
Liz MckeeVice President
Beth HalldorsonBoard Member
Lara ButlerBoard Member
Tiffanee Wade-hendersonBoard Member
Travis LemonteBoard Member
Sonya FleckSecretary
Parker RhettTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,866,057
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$10,181
Change in Net Assets
$415,012

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,866,057
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,866,057
Total Revenue per Form 990
$1,866,057
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,004,961
Other Expenses$446,084
Total Fundraising Expense$813
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$523,419$39,500-$562,919
Occupancy$169,613$24,074-$193,687
Current Officers, Directors, Trustees, and Key Employees$73,577$95,573-$169,150
Pension Plan Contributions$165,459--$165,459
Payroll Taxes$43,786$10,333-$54,119
Other Employee Benefits$33,692$19,622-$53,314
Fees for Services Other-$32,544$813$33,357
All Other Expenses$21,300--$21,300
Insurance-$16,801-$16,801
Other Expenses$32,148$15,606-$15,606
Depreciation Depletion$12,521$1,391-$13,912
Fees for Services Accounting-$13,856-$13,856
Office Expenses-$2,098-$2,098
Advertising-$669-$669
Total Functional Expenses$1,126,639$323,593$813$1,451,045

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,451,045
Total Expenses per Audited Statements$1,451,045
Total Expenses per Form 990$1,451,045
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
Deferred Inflows - Pension$106,710
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
Matt Weathersby
Title
Chairman
Phone
9015261900
Signed
2021-01-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matt Weathersby
Formed
2009
Legal Domicile
Tn
Voting Board Members
11
Independent Board Members
11
Employees
16
Volunteers
0

Preparer

Firm
Henderson Hutcherson & Mccullough Pllc
Address
1755 KIRBY PARKWAY SUITE 200, MEMPHIS, TN 38120
Preparer
Richard a Swope CPA
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, 2020, 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, 2017.”

Raw XML AppendixShowing 400 of 427 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/TotalAmt051124
IRS990/OtherExpensesGrp/TotalAmt145069
IRS990/OtherExpensesGrp/TotalAmt238605
IRS990/OtherExpensesGrp/TotalAmt315606
IRS990/OtherLiabilitiesGrp/BOYAmt081215
IRS990/OtherLiabilitiesGrp/EOYAmt0106710
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt039500
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0523419
IRS990/OtherSalariesAndWagesGrp/TotalAmt0562919
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt010333
IRS990/PayrollTaxesGrp/ProgramServicesAmt043786
IRS990/PayrollTaxesGrp/TotalAmt054119
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0165459
IRS990/PensionPlanContributionsGrp/TotalAmt0165459
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0800
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0800
IRS990/PrincipalOfficerNm0MATT WEATHERSBY
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01373484
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0435473
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt086746
IRS990/PYSalariesCompEmpBnftPaidAmt0851265
IRS990/PYTotalExpensesAmt01286738
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01373484
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0415012
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/BookValueAmt074
IRS990ScheduleD/EquipmentGrp/DepreciationAmt088326
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt088400
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01451045
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt075000
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt050000
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0125000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt095117
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1142546
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt212261
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS - PENSION
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1NET PENSION ASSETS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2STABILIZATION RESERVE TRUST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0106710
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED INFLOWS - PENSION
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01866057
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, 2020, 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, 2017.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt075074
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0249924
IRS990ScheduleD/TotalExpensesPerForm990Amt01451045
IRS990ScheduleD/TotalLiabilityAmt0106710
IRS990ScheduleD/TotalRevenuePerForm990Amt01866057
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01866057
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01451045
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 $1,682,733 AND GRANTS FROM THE U.S. DEPARTMENT OF EDUCATION TOTALING $11,743.
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
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0605887
IRS990/TotalAssetsEOYAmt01009225
IRS990/TotalAssetsGrp/BOYAmt0605887
IRS990/TotalAssetsGrp/EOYAmt01009225
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01866057
IRS990/TotalEmployeeCnt016
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0813
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0323593
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01126639
IRS990/TotalFunctionalExpensesGrp/TotalAmt01451045
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0276200
IRS990/TotalLiabilitiesEOYAmt0264526
IRS990/TotalLiabilitiesGrp/BOYAmt0276200
IRS990/TotalLiabilitiesGrp/EOYAmt0264526
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0329687
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0744699
IRS990/TotalOtherCompensationAmt022932
IRS990/TotalProgramServiceExpensesAmt01126639
IRS990/TotalReportableCompFromOrgAmt0164633
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01866057
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0605887
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01009225
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01500 DUNN AVE
IRS990/USAddress/CityNm0MEMPHIS
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd038106
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0WWW.VERITASCOLLEGEPREP.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,009,225
Liabilities
$264,526
Net assets
$744,699
Revenue
$1,866,057
Expenses
$1,451,045
Net income
$415,012
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