Civic Intelligence

Veritas Classical Christian Academy

990EZ • Fiscal year 2018 • EIN 45-3187560

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 05, 2018

PO Box 2844Hobbs, NM 88241

(575) 942-4664

Siviq Scores

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

Liabilities / Assets

87th percentile

0.24x

Higher debt load relative to assets than 87% of similar nonprofits.

2018 filings • NTEE B • <$500k nonprofits • Source year 2018

Liabilities / Revenue

79th percentile

0.04x

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

2018 filings • NTEE B • <$500k nonprofits • Source year 2018

Net Margin

51st percentile

5.1%

Higher net margin than 51% of similar nonprofits.

2018 filings • NTEE B • <$500k nonprofits • Source year 2018

Top Officer Pay

88th percentile

$14,574

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 8.1% of source-year revenue.

2018 filings • NTEE B • <$500k nonprofits • Source year 2018

Asset Growth

93rd percentile

111%

Faster asset growth than 93% of similar nonprofits.

2018 filings • NTEE B • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

77th percentile

29%

Faster revenue growth than 77% of similar nonprofits.

2018 filings • NTEE B • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$30,112

Up $15,826 (+111%) from 2017

Net Assets

Up

$22,746

Up $9,471 (+71%) from 2017

Liabilities

Up

$7,366

Up $6,355 (+629%) from 2017

Revenue

Up

$180,162

Up $40,714 (+29%) from 2017

Expenses

Up

$171,062

Up $33,966 (+25%) from 2017

Net Income

Up

$9,100

Up $6,748 (+287%) from 2017

Historical Trend

Balance Sheet Trend

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

$60K$40K$20K$0-$20KAssets 2012: $3,171Liabilities 2012: $02012Assets 2013: $8,732Liabilities 2013: $255Net Assets 2013: $8,4772013Assets 2014: $20,714Liabilities 2014: $664Net Assets 2014: $20,0502014Assets 2015: $17,578Liabilities 2015: $02015Assets 2016: $11,585Liabilities 2016: $664Net Assets 2016: $10,9212016Assets 2017: $14,286Liabilities 2017: $1,011Net Assets 2017: $13,2752017Assets 2018: $30,112Liabilities 2018: $7,366Net Assets 2018: $22,7462018Assets 2019: $15,435Liabilities 2019: $7,072Net Assets 2019: $8,3632019Assets 2020: $42,924Liabilities 2020: $30,689Net Assets 2020: $12,2352020Assets 2021: $35,838Liabilities 2021: $6,386Net Assets 2021: $29,4522021Assets 2022: $1,403Liabilities 2022: $6,172Net Assets 2022: -$4,7692022Assets 2023: $39,824Liabilities 2023: $4,998Net Assets 2023: $34,8262023Assets 2024: $5,544Liabilities 2024: $1,682Net Assets 2024: $3,8622024Assets 2025: $9,181Liabilities 2025: $6,210Net Assets 2025: $2,9712025

Highlighted filing

2018

Assets$30,112
Liabilities$7,366
Net Assets$22,746

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2012: $13,132Expenses 2012: $9,961Net Income 2012: $3,1712012Revenue 2013: $63,860Expenses 2013: $58,554Net Income 2013: $5,3062013Revenue 2014: $84,308Expenses 2014: $72,737Net Income 2014: $11,5712014Revenue 2015: $107,443Expenses 2015: $109,914Net Income 2015: -$2,4712015Revenue 2016: $129,007Expenses 2016: $135,664Net Income 2016: -$6,6572016Revenue 2017: $139,448Expenses 2017: $137,096Net Income 2017: $2,3522017Revenue 2018: $180,162Expenses 2018: $171,062Net Income 2018: $9,1002018Revenue 2019: $166,754Expenses 2019: $181,135Net Income 2019: -$14,3812019Revenue 2020: $202,874Expenses 2020: $199,002Net Income 2020: $3,8722020Revenue 2021: $184,748Expenses 2021: $167,531Net Income 2021: $17,2172021Revenue 2022: $175,657Expenses 2022: $209,878Net Income 2022: -$34,2212022Revenue 2023: $242,082Expenses 2023: $202,487Net Income 2023: $39,5952023Revenue 2024: $183,705Expenses 2024: $214,669Net Income 2024: -$30,9642024Revenue 2025: $239,712Expenses 2025: $240,603Net Income 2025: -$8912025

Highlighted filing

2018

Revenue$180,162
Expenses$171,062
Net Income$9,100
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 5, 2018
Return Version
2017v2.3
Gross Receipts
$180,162
Mission and Program Overview

Mission

The mission of veritas classical christian academy, inc. Is to strengthen families by partnering with parents to provide a classical education based on a biblical worldview. Our goal is to equip students to enter a lifelong pursuit of knowledge, wisdom, and understanding in their purposeful and passionate service of jesus christ. Veritas classical christian academy, inc. Employs the university-model approach that combines professional classroom instruction with parent guided study to achieve a college preparatory level of academic and spiritual excellence.

Program Services

DescriptionGrantsExpenses
VERITAS CHRISTIAN ACADEMY SERVED 35 STUDENTS AND EMPLOYED 15 TEACHERS IN ITS SIXTH YEAR. STUDENTS CONTINUTED TO GROW IN THEIR KNOWLEDGE AND SERVICE. STUDENTS WERE ACTIVE IN THE COMMUNITY AND WORKED ON A VARIETY OF SERVICE LEARNING OPPORTUNITIES INCLUDING THE LOCAL SOUP KITCHEN, NURSING HOMES, AND ROTARY CLUB.-$169,730
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
REBEKAH MEDINABoard SecretFT$14,574-$14,574
KARA LOVETreasurerFT$11,305-$11,305
CRAIG T BOVAPresident-$0--
KENT L WALDROPVice Preside-$0--
REBEKAH L WALDROPBoard Member-$0--
BARRY LOVEBoard Member-$0--
ORLANDO MEDINABoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Veritas Classical Christian
EIN
45-3187560
Address
PO BOX 2844, HOBBS, NM 88241

Signing Officer

Name
Craig T Bova
Title
President
Signed
2018-11-05
Discuss with paid preparer
Yes

Preparer

Firm
JOHNSON MILLER & CO CPA'S PC
Address
PO BOX 220, HOBBS, NM 88241-0220
Preparer
Elizabeth Boone
Phone
5753932171
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8

Miscellaneous revenue 19,884 total 19,884

Form 990-ez, Part I, Line 16

Expenses advertising/marketing 313 curriculum 2,005 family ministry 780 membership dues 2,533 office supplies 1,320 student incentives 198 supplies 89 telephone expense 649 software fees 2,580 travel/training 2,631 insurance 4,162 contract services 1,095 academic competition 176 faculty incentive 493 graduation 744 robotics 443 meals 100 non-investment depreciation 1,332 total 21,643

Form 990-ez, Part I, Line 20

Expense taken twice in py's 369

Form 990-ez, Part II, Line 24

Office equipment 8,215 8,215 less accumulated depreciation 4,191 5,526 overpayment of liabilities 0 0 total 4,024 2,689

Form 990-ez, Part II, Line 26

Payroll liabilities 1,011 7,366

Form 990-ez, Part III

The mission of veritas classical christian academy, inc. Is to strengthen families by partnering with parents to provide a classical education based on a biblical worldview. Our goal is to equip students to enter a lifelong pursuit of knowledge, wisdom, and understanding in their purposeful and passionate service of jesus christ. Veritas classical christian academy, inc. Employs the university-model approach that combines professional classroom instruction with parent guided study to achieve a college preparatory level of academic and spiritual excellence.

Form 990-ez, Part III, Line 28

Veritas christian academy served 35 students and employed 15 teachers in its sixth year. Students continuted to grow in their knowledge and service. Students were active in the community and worked on a variety of service learning opportunities including the local soup kitchen, nursing homes, and rotary club.

Raw XML Appendix165 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5BOARD SECRET
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6BOARD MEMBER
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IRS990EZ/PrimaryExemptPurposeTxt0THE MISSION OF VERITAS CLASSICAL CHRISTIAN ACADEMY, INC. IS TO STRENGTHEN FAMILIES BY PARTNERING WITH PARENTS TO PROVIDE A CLASSICAL EDUCATION BASED ON A BIBLICAL WORLDVIEW. OUR GOAL IS TO EQUIP STUDENTS TO ENTER A LIFELONG PURSUIT OF KNOWLEDGE, WISDOM, AND UNDERSTANDING IN THEIR PURPOSEFUL AND PASSIONATE SERVICE OF JESUS CHRIST. VERITAS CLASSICAL CHRISTIAN ACADEMY, INC. EMPLOYS THE UNIVERSITY-MODEL APPROACH THAT COMBINES PROFESSIONAL CLASSROOM INSTRUCTION WITH PARENT GUIDED STUDY TO ACHIEVE A COLLEGE PREPARATORY LEVEL OF ACADEMIC AND SPIRITUAL EXCELLENCE.
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IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0ARTICLE VI OF THE BYLAWS INCLUDE THE NONDISCRIMINATION POLICY. IT IS INLCUDED ON THE ENITIES WEBSITE AT WWW.VERITAS- ACADEMY.COM. IT IS ALSO INCLUDED IN THE PRINTED MATERIALS FOR THE ACADEMY. A NON-DISCRIMINATORY NOTICE RUNS IN THE NEWSPAPER ANNUALLY DURING ADMISSIONS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MISCELLANEOUS REVENUE 19,884 TOTAL 19,884
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES ADVERTISING/MARKETING 313 CURRICULUM 2,005 FAMILY MINISTRY 780 MEMBERSHIP DUES 2,533 OFFICE SUPPLIES 1,320 STUDENT INCENTIVES 198 SUPPLIES 89 TELEPHONE EXPENSE 649 SOFTWARE FEES 2,580 TRAVEL/TRAINING 2,631 INSURANCE 4,162 CONTRACT SERVICES 1,095 ACADEMIC COMPETITION 176 FACULTY INCENTIVE 493 GRADUATION 744 ROBOTICS 443 MEALS 100 NON-INVESTMENT DEPRECIATION 1,332 TOTAL 21,643
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EXPENSE TAKEN TWICE IN PY'S 369
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OFFICE EQUIPMENT 8,215 8,215 LESS ACCUMULATED DEPRECIATION 4,191 5,526 OVERPAYMENT OF LIABILITIES 0 0 TOTAL 4,024 2,689
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PAYROLL LIABILITIES 1,011 7,366
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE MISSION OF VERITAS CLASSICAL CHRISTIAN ACADEMY, INC. IS TO STRENGTHEN FAMILIES BY PARTNERING WITH PARENTS TO PROVIDE A CLASSICAL EDUCATION BASED ON A BIBLICAL WORLDVIEW. OUR GOAL IS TO EQUIP STUDENTS TO ENTER A LIFELONG PURSUIT OF KNOWLEDGE, WISDOM, AND UNDERSTANDING IN THEIR PURPOSEFUL AND PASSIONATE SERVICE OF JESUS CHRIST. VERITAS CLASSICAL CHRISTIAN ACADEMY, INC. EMPLOYS THE UNIVERSITY-MODEL APPROACH THAT COMBINES PROFESSIONAL CLASSROOM INSTRUCTION WITH PARENT GUIDED STUDY TO ACHIEVE A COLLEGE PREPARATORY LEVEL OF ACADEMIC AND SPIRITUAL EXCELLENCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6VERITAS CHRISTIAN ACADEMY SERVED 35 STUDENTS AND EMPLOYED 15 TEACHERS IN ITS SIXTH YEAR. STUDENTS CONTINUTED TO GROW IN THEIR KNOWLEDGE AND SERVICE. STUDENTS WERE ACTIVE IN THE COMMUNITY AND WORKED ON A VARIETY OF SERVICE LEARNING OPPORTUNITIES INCLUDING THE LOCAL SOUP KITCHEN, NURSING HOMES, AND ROTARY CLUB.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990-EZ, PART III, LINE 28
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ReturnHeader/ReturnTs02018-11-09T16:41:41-07:00
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ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.09$0.06$0.03$2.40$2.41$0.01
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.06$0.02$0.04$1.84$2.15$0.31
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.40$0.05$0.35$2.42$2.02$0.40
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.01$0.06$0.05$1.76$2.10$0.34
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.36$0.06$0.29$1.85$1.68$0.17
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.43$0.31$0.12$2.03$1.99$0.04
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.15$0.07$0.08$1.67$1.81$0.14
2018Detailed filing. Detailed filing data is available for this year.$0.30$0.07$0.23$1.80$1.71$0.09
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.14$0.01$0.13$1.39$1.37$0.02
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.12$0.01$0.11$1.29$1.36$0.07
2015Summary only. Only limited summary data is available for this year.$0.18$0.00$1.07$1.10$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.21$0.01$0.20$0.84$0.73$0.12
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.09$0.00$0.08$0.64$0.59$0.05
2012Summary only. Only limited summary data is available for this year.$0.03$0.00$0.13$0.10$0.03