Civic Intelligence

Veritas Classical Christian Academy

990 • Fiscal year 2023 • EIN 45-3187560

Jul 01, 2022 to Jun 30, 2023 • Filed on Nov 24, 2023

Organization ProfileWWW.VERITAS-ACADEMY.COM
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

65th percentile

0.13x

Higher debt load relative to assets than 65% of similar nonprofits.

2023 filings • NTEE B20 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

57th percentile

0.02x

Higher debt load relative to revenue than 57% of similar nonprofits.

2023 filings • NTEE B20 • <$500k nonprofits • Source year 2023

Net Margin

61st percentile

16%

Higher net margin than 61% of similar nonprofits.

2023 filings • NTEE B20 • <$500k nonprofits • Source year 2023

Top Officer Pay

67th percentile

$0

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • NTEE B20 • <$500k nonprofits • Source year 2023

Asset Growth

99th percentile

2738%

Faster asset growth than 99% of similar nonprofits.

2023 filings • NTEE B • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

72nd percentile

38%

Faster revenue growth than 72% of similar nonprofits.

2023 filings • NTEE B • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets65th percentile

Assets

Up

$39,824

Up $38,421 (+2738%) from 2022

Net Assets

Up

$34,826

Up $39,595 (+830%) from 2022

Liabilities

Down

$4,998

Down $1,174 (-19%) from 2022

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin61st percentile

Revenue

Up

$242,082

Up $66,425 (+38%) from 2022

Expenses

Down

$202,487

Down $7,391 (-3.5%) from 2022

Net Income

Up

$39,595

Up $73,816 (+216%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

2023

Assets$39,824
Liabilities$4,998
Net Assets$34,826
Open 2023 Filing

Operations Trend

Revenue Growth72nd percentile

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

2023

Revenue$242,082
Expenses$202,487
Net Income$39,595
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Nov 24, 2023
Return Version
2022v5.0
Gross Receipts
$242,082
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$-17$37,262▲ $37,279
Inventories for Sale or Use$1,019$2,321▲ $1,302
Land, Buildings, and Equipment, Net$383$223▼ $160
Prepaid Expenses and Deferred Charges$18$18→ $0
Total Assets$1,403$39,824▲ $38,421
Liabilities
Other Liabilities$6,172$4,998▼ $1,174
Total Liabilities$6,172$4,998▼ $1,174
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-4,769$34,826▲ $39,595
Total Net Assets Fund Balance$-4,769$34,826▲ $39,595
Total Liabilities and Net Assets / Fund Balance$1,403$39,824▲ $38,421

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$223$8,935$9,158
Compensation and Service Providers
Top Officer Pay67th percentile

Board Members and Trustees

NameTitle
Craig T BovaPresident
Kent L WaldropVice President
Becky WaldropDirector
Lori BovaSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$108,073
Program Service Revenue
$133,268
Investment Income
$0
Other Revenue
$741
All Other Contributions
$95,569
Change in Net Assets
$39,595
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$166,599
Other Expenses$35,888
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$153,971--$153,971
Occupancy$14,527--$14,527
Payroll Taxes$12,628--$12,628
Fees for Services Other$4,750--$4,750
Office Expenses$3,786--$3,786
Fees for Services Accounting$1,867--$1,867
Other Expenses$1,243--$1,243
Information Technology$996--$996
Advertising$424--$424
All Other Expenses$320--$320
Insurance$253--$253
Depreciation Depletion$160--$160
Total Functional Expenses$202,487$0$0$202,487
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
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
Other Liabilities$3,346
Miscellaneous Short Term Liabilities$1,652
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Craig and lori bova have a family relationship.”

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

“The completed form 990 was provided to each member of the board of trustees prior to its filing with the internal revenue service.”

Form 990, Part VI, Section C, Line 19

“Governing documents are made available to the public upon written request.”

Filing and Contact Details

Filer

Filer Name
Veritas Classical Christian
EIN
45-3187560
Phone
5759424664
Address
PO BOX 2844, HOBBS, NM 88241

Signing Officer

Name
Craig T Bova
Title
President
Phone
5759424664
Signed
2023-11-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Craig T Bova
Formed
2011
Legal Domicile
Nm
Voting Board Members
4
Independent Board Members
4
Employees
17
Volunteers
0

Preparer

Firm
Whitley Penn Llp
Address
225 E BENDER BLVD, HOBBS, NM 88240
Preparer
Tabatha Coffey
Phone
5753932171
Raw XML Appendix357 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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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0ARTICLE VI OF THE BYLAWS INCLUDE THE NONDISCRIMINATION POLICY. IT IS INLCUDED ON THE ENITIES WEBSITE AT WWW.VERITASACADEMY.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, PART I, LINE 3
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CRAIG AND LORI BOVA HAVE A FAMILY RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE COMPLETED FORM 990 WAS PROVIDED TO EACH MEMBER OF THE BOARD OF TRUSTEES PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NM
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01403
IRS990/TotalAssetsEOYAmt039824
IRS990/TotalAssetsGrp/BOYAmt01403
IRS990/TotalAssetsGrp/EOYAmt039824
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0108073
IRS990/TotalEmployeeCnt017
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0202487
IRS990/TotalFunctionalExpensesGrp/TotalAmt0202487
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06172
IRS990/TotalLiabilitiesEOYAmt04998
IRS990/TotalLiabilitiesGrp/BOYAmt06172
IRS990/TotalLiabilitiesGrp/EOYAmt04998
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-4769
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt034826
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0202487
IRS990/TotalProgramServiceRevenueAmt0133268
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0134009
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0242082
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01403
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt039824
IRS990/TotReportableCompRltdOrgAmt00
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IRS990/UnrelatedBusIncmOverLimitInd00
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IRS990/USAddress/CityNm0HOBBS
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IRS990/USAddress/ZIPCd088241
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.VERITAS-ACADEMY.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CRAIG T BOVA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05759424664
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VERITAS CLASSICAL CHRISTIAN
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0VERI
ReturnHeader/Filer/EIN0453187560
ReturnHeader/Filer/PhoneNum05759424664
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 2844
ReturnHeader/Filer/USAddress/CityNm0HOBBS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NM
ReturnHeader/Filer/USAddress/ZIPCd088241
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0752393478
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WHITLEY PENN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0225 E BENDER BLVD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HOBBS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd088240
ReturnHeader/PreparerPersonGrp/PhoneNum05753932171
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TABATHA COFFEY
ReturnHeader/ReturnTs02023-11-27T09:51:29-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CRAIG
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BOVA
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$39,824
Liabilities
$4,998
Net assets
$34,826
Revenue
$242,082
Expenses
$202,487
Net income
$39,595
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
2023Detailed filing. Detailed filing data is available for this year.$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
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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