Civic Intelligence

Veritas Preparatory School

990 • Fiscal year 2017 • EIN 45-3766206

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 25, 2018

Organization Profilewww.veritas-prep.org
275 McLaws CircleWilliamsburg, VA 23185

(757) 258-9337

Siviq Scores

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

Liabilities / Assets

98th percentile

2.32x

Higher debt load relative to assets than 98% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

57th percentile

0.06x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

26th percentile

-5.6%

Higher net margin than 26% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

81st percentile

$79,999

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 13.7% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

6th percentile

-29%

Faster asset growth than 6% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

58th percentile

8.7%

Faster revenue growth than 58% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$14,222

Down $5,791 (-29%) from 2016

Net Assets

Down

-$18,796

Down $38,809 (-194%) from 2016

Liabilities

Up

$33,018

Up $33,018 from 2016

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin26th percentile

Revenue

Up

$584,908

Up $46,859 (+8.7%) from 2016

Expenses

Up

$617,596

Up $74,492 (+14%) from 2016

Net Income

Down

-$32,688

Down $27,633 (-547%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth6th percentile

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

$150K$100K$50K$0-$50KAssets 2015: $31,406Liabilities 2015: $0Net Assets 2015: $31,4062015Assets 2016: $20,013Liabilities 2016: $0Net Assets 2016: $20,0132016Assets 2017: $14,222Liabilities 2017: $33,018Net Assets 2017: -$18,7962017Assets 2018: $4,810Liabilities 2018: $18,788Net Assets 2018: -$13,9782018Assets 2019: $45,684Liabilities 2019: $11,790Net Assets 2019: $33,8942019Assets 2020: $127,146Liabilities 2020: $98,781Net Assets 2020: $28,3652020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2017

Assets$14,222
Liabilities$33,018
Net Assets-$18,796
Open 2017 Filing

Operations Trend

Revenue Growth58th percentile

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

$800K$600K$400K$200K$0-$200KRevenue 2015: $457,206Expenses 2015: $495,959Net Income 2015: -$38,7532015Revenue 2016: $538,049Expenses 2016: $543,104Net Income 2016: -$5,0552016Revenue 2017: $584,908Expenses 2017: $617,596Net Income 2017: -$32,6882017Revenue 2018: $608,727Expenses 2018: $604,022Net Income 2018: $4,7052018Revenue 2019: $362,953Expenses 2019: $315,081Net Income 2019: $47,8722019Revenue 2020: $601,944Expenses 2020: $624,286Net Income 2020: -$22,3422020Revenue 2021: $92,496Expenses 2021: $112,721Net Income 2021: -$20,2252021

Highlighted filing

2017

Revenue$584,908
Expenses$617,596
Net Income-$32,688
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 25, 2018
Return Version
2017v2.2
Gross Receipts
$584,908
Mission and Program Overview

Mission

Catholic Non Profit Preparatory School.

Balance Sheet Detail
LineBeginningEndChange
Assets
Intangible Assets-$7,833-
Cash and Non-Interest-Bearing Accounts$13,892$6,389▼ $7,503
Rtn Earn Endowment Incm Other Fnds$13,892$-18,796▼ $32,688
Total Assets$13,892$14,222▲ $330
Liabilities
Other Liabilities-$21,018-
Accounts Payable and Accrued Expenses-$9,846-
Grants Payable-$2,154-
Total Liabilities$0$33,018▲ $33,018
Net Assets / Fund Balance
Total Net Assets Fund Balance$13,892$-18,796▼ $32,688
Total Liabilities and Net Assets / Fund Balance$13,892$14,222▲ $330
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Louis G MassettHead MasterFT$79,999$79,999
Diane K CavazosEx PresidentFT$16,965$16,965

Board Members and Trustees

NameTitle
Daniel R CavazosChair Person
Beatrice SanfordVice Chair
Brooks H SpearsDirector
David LaneDirector
Kathleen PacekDirector
Mary Ann SleeceDirector
Timothy CavazosDirector
Joseph PincusSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$584,905
Program Service Revenue
$0
Investment Income
$3
Other Revenue
$0
All Other Contributions
$571,500
Change in Net Assets
$-32,688
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$458,692
Other Expenses$158,904
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$441,726-$441,726
Occupancy-$75,049-$75,049
Current Officers, Directors, Trustees, and Key Employees-$16,966-$16,966
Fees for Services Management-$13,837-$13,837
Office Expenses$2,877$7,325-$10,202
Other Expenses$1,914$9,247-$9,247
Advertising$5,254--$5,254
Fees for Services Accounting-$5,132-$5,132
Insurance-$4,659-$4,659
Information Technology-$2,597-$2,597
All Other Expenses$118$1,188-$1,306
Conferences and Meetings-$1,108-$1,108
Total Functional Expenses$10,163$607,433$0$617,596
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
Payroll Liabilities$21,018
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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 governing body review Part VI line 11

“Per request a copy of the past year 990 will be provided.”

Conflict of interest policy compliance Part VI line 12C

“Cavazos was an employee in 2017 and past CEO”

Governing documents etc available to public Part VI line 19

“Available per request”

Filing and Contact Details

Filer

Filer Name
Veritas Preparatory School
EIN
45-3766206
Address
275 McLaws Circle, Williamsburg, VA 23185

Signing Officer

Name
Diane Cavazos
Title
President
Phone
7579030633
Signed
2018-10-25
Discuss with paid preparer
No

Organization Details

Principal Officer
Daniel R Cavazos MD
Formed
2013
Legal Domicile
Va
Voting Board Members
9
Independent Board Members
0
Employees
13

Preparer

Firm
Peterson Accounting Inc
Address
358 McLaws Circle Ste 3, Williamsburg, VA 23185
Preparer
Carleen Peterson Molnar
Phone
7572589337
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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/TotalLiabilitiesGrp/EOYAmt033018
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt013892
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-18796
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt010163
IRS990/TotalReportableCompFromOrgAmt096964
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0584908
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt013892
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt014222
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0108 Andrew Lindsey
IRS990/USAddress/CityNm0Williamsburg
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd023185
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt00
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Diane Cavazos
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum07579030633
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-10-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Veritas Preparatory School
ReturnHeader/Filer/BusinessNameControlTxt0VERI
ReturnHeader/Filer/EIN0453766206
ReturnHeader/Filer/USAddress/AddressLine1Txt0275 McLaws Circle
ReturnHeader/Filer/USAddress/CityNm0Williamsburg
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd023185
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0592C9F0C02A003B4CA256185C954E984F4500CA8
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0592C9F0C02A003B4CA256185C954E984F4500CA8
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId05475062018304tuvqdue
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02018-10-31
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt070.169.16.158
ReturnHeader/FilingSecurityInformation/IPDt02018-10-31
ReturnHeader/FilingSecurityInformation/IPTm015:47:55
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0260382903
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Peterson Accounting Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0358 McLaws Circle Ste 3
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Williamsburg
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd023185
ReturnHeader/PreparerPersonGrp/PhoneNum07572589337
ReturnHeader/PreparerPersonGrp/PreparationDt02018-10-31
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Carleen Peterson Molnar
ReturnHeader/ReturnTs02018-10-31T13:39:54-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$14,222
Liabilities
$33,018
Net assets
-$18,796
Revenue
$584,908
Expenses
$617,596
Net income
-$32,688
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.92$1.13$0.20
2020Detailed filing. Detailed filing data is available for this year.$1.27$0.99$0.28$6.02$6.24$0.22
2019Summary only. Only limited summary data is available for this year.$0.46$0.12$0.34$3.63$3.15$0.48
2018Detailed filing. Detailed filing data is available for this year.$0.05$0.19$0.14$6.09$6.04$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.14$0.33$0.19$5.85$6.18$0.33
2016Detailed filing. Detailed filing data is available for this year.$0.20$0.00$0.20$5.38$5.43$0.05
2015Detailed filing. Detailed filing data is available for this year.$0.31$0.00$0.31$4.57$4.96$0.39