Civic Intelligence

Veritas Classical Academy

990 • Fiscal year 2019 • EIN 46-2170232

Jan 01, 2019 to Dec 31, 2019 • Filed on May 26, 2020

Organization ProfileWWW.VERITASCLASSICALACADEMY.ORG
PO Box 5344Beaumont, TX 77726

(409) 225-9107

Siviq Scores

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

Liabilities / Assets

50th percentile

0.03x

Higher debt load relative to assets than 50% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

37th percentile

0.01x

Higher debt load relative to revenue than 37% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

26th percentile

-5.5%

Higher net margin than 26% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

83rd percentile

$85,833

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 9.8% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

11th percentile

-16%

Faster asset growth than 11% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

80th percentile

33%

Faster revenue growth than 80% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets50th percentile

Assets

Down

$234,510

Down $45,941 (-16%) from 2018

Net Assets

Down

$227,757

Down $41,366 (-15%) from 2018

Liabilities

Down

$6,753

Down $4,575 (-40%) from 2018

Revenue And Expenses
Liabilities / Revenue37th percentileNet Margin26th percentile

Revenue

Up

$873,993

Up $217,644 (+33%) from 2018

Expenses

Up

$921,902

Up $259,256 (+39%) from 2018

Net Income

Down

-$47,909

Down $41,612 (-661%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth11th percentile

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

$600K$400K$200K$0Assets 2013: $24,002Liabilities 2013: $0Net Assets 2013: $24,0022013Assets 2014: $33,615Liabilities 2014: $0Net Assets 2014: $33,6152014Assets 2015: $50,267Liabilities 2015: $5,553Net Assets 2015: $44,7142015Assets 2016: $205,553Liabilities 2016: $2,972Net Assets 2016: $202,5812016Assets 2017: $287,794Liabilities 2017: $9,029Net Assets 2017: $278,7652017Assets 2018: $280,451Liabilities 2018: $11,328Net Assets 2018: $269,1232018Assets 2019: $234,510Liabilities 2019: $6,753Net Assets 2019: $227,7572019Assets 2020: $292,099Liabilities 2020: $10,340Net Assets 2020: $281,7592020Assets 2021: $381,588Liabilities 2021: $9,503Net Assets 2021: $372,0852021Assets 2022: $442,793Liabilities 2022: $12,138Net Assets 2022: $430,6552022Assets 2023: $448,805Liabilities 2023: $12,059Net Assets 2023: $436,7462023Assets 2024: $522,673Liabilities 2024: $7,195Net Assets 2024: $515,4782024

Highlighted filing

2019

Assets$234,510
Liabilities$6,753
Net Assets$227,757
Open 2019 Filing

Operations Trend

Revenue Growth80th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2013: $123,757Expenses 2013: $99,755Net Income 2013: $24,0022013Revenue 2014: $240,091Expenses 2014: $230,478Net Income 2014: $9,6132014Revenue 2015: $414,775Expenses 2015: $403,676Net Income 2015: $11,0992015Revenue 2016: $634,753Expenses 2016: $476,235Net Income 2016: $158,5182016Revenue 2017: $650,923Expenses 2017: $578,493Net Income 2017: $72,4302017Revenue 2018: $656,349Expenses 2018: $662,646Net Income 2018: -$6,2972018Revenue 2019: $873,993Expenses 2019: $921,902Net Income 2019: -$47,9092019Revenue 2020: $983,528Expenses 2020: $933,734Net Income 2020: $49,7942020Revenue 2021: $975,611Expenses 2021: $888,314Net Income 2021: $87,2972021Revenue 2022: $957,905Expenses 2022: $892,199Net Income 2022: $65,7062022Revenue 2023: $963,893Expenses 2023: $960,229Net Income 2023: $3,6642023Revenue 2024: $1,179,667Expenses 2024: $1,100,504Net Income 2024: $79,1632024

Highlighted filing

2019

Revenue$873,993
Expenses$921,902
Net Income-$47,909
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 26, 2020
Return Version
2019v5.0
Gross Receipts
$881,558
Mission and Program Overview

Mission

We aim to partner with families to fulfill the calling to educate our children. We aim to graduate young men and women who listen carefully, reason soundly, and articulate precisely. We aim to have students master a core body of knowledge and possess a life-long passion for learning. We desire them to lead and serve with humility, gratitude, and grace. We aim to encourage them to engage and shape the culture with the truth of the gospel and to evaluate all human knowledge and experience in light of the scriptures.

Veritas classical academy seeks to partner with families by providing a distinctive christian education, utilizing classical methodology and content, with a university-type schedule. On-campus classes meet two days per week, with at-home learning occurring on alternating days. Veritas classical academy offers classes for pre-k through 9th grade and will add additional grades each year until reaching 12th grade.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$255,842$203,356▼ $52,486
Total Assets$280,451$234,510▼ $45,941
Other Assets Total$24,609$31,154▲ $6,545
Liabilities
Other Liabilities$11,328$6,753▼ $4,575
Total Liabilities$11,328$6,753▼ $4,575
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$241,171$199,805▼ $41,366
Net Assets With Donor Restrictions$27,952$27,952→ $0
Total Net Assets Fund Balance$269,123$227,757▼ $41,366
Total Liabilities and Net Assets / Fund Balance$280,451$234,510▼ $45,941

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$31,154--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$27,952-▼ $3,343-$24,609
2017$14,349$10,050▲ $3,553-$27,952
2016-$15,000▼ $651-$14,349
Compensation and Service Providers
Top Officer Pay83rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Aaron LaengerHead of SchoFT$85,833$85,833

Board Members and Trustees

NameTitle
Tom OwensChairman of
Sarah OwensSecretary
Lauren CavettTreasurer
Lindy MerrillVice Preside
Joshua CavettVoting Membe
Lucy MerrillVoting Membe
Revenue and Support

Revenue Composition

Contributions and Grants
$155,461
Program Service Revenue
$718,404
Investment Income
$1
Other Revenue
$127
All Other Contributions
$155,461
Change in Net Assets
$-47,909
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$622,023
Other Expenses$194,879
Grants and Similar Amounts Paid$105,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$576,906--$576,906
Grants to Domestic Orgs$105,000--$105,000
Occupancy$55,130--$55,130
Payroll Taxes$45,117--$45,117
Advertising-$16,608-$16,608
Insurance$16,399--$16,399
Conferences and Meetings$10,836--$10,836
Fees for Services Other$10,432--$10,432
Fees for Services Accounting-$10,000-$10,000
Other Expenses$7,569--$7,569
All Other Expenses$3,684--$3,684
Travel$2,281--$2,281
Office Expenses-$468-$468
Total Functional Expenses$894,826$27,076$0$921,902
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Riverside ChurchBeaumont, TX--$105,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$7,500
Fundraising Gross Income$7,010
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
Credit Card$6,584
Payroll Liabilities$169
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

“Tom owens sarah owens chairman secretary married joshua cavett lauren cavett board member treasurer married lindy merrill lucy merrill vice presid board member married”

Form 990, Page 6, Part VI, Line 11B

“A copy of the entire form 990 will be provided to an officer on the board. The officers of the board of directors will review and approve the form 990 prior to it being filed.”

Form 990, Page 6, Part VI, Line 19

“The organization will make its governing documents, conflict of interest policy and/or financial statements available to the public upon request”

Filing and Contact Details

Filer

Filer Name
Veritas Classical Academy
EIN
46-2170232
Phone
4092259107
Address
PO BOX 5344, BEAUMONT, TX 77726

Signing Officer

Name
Lauren Cavett
Title
Treasurer
Phone
4092259107
Signed
2020-05-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Aaron Laenger
Formed
2013
Legal Domicile
TX
Voting Board Members
6
Independent Board Members
0
Employees
55
Volunteers
15

Preparer

Firm
Pollans & Cohen Pc
Address
470 ORLEANS ST STE 810, BEAUMONT, TX 77701-3018
Preparer
Jana Uribe
Phone
4098327400
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Veritas classical academy seeks to partner with families by providing a distinctive christian education, utilizing classical methodology and content, with a university-type schedule. On-campus classes meet two days per week, with at-home learning occurring on alternating days. Veritas classical academy offers classes for pre-k through 9th grade and will add additional grades each year until reaching 12th grade.”

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

“These designated funds are for the future growth of the school.”

Raw XML Appendix385 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0VERITAS CLASSICAL ACADEMY SEEKS TO PARTNER WITH FAMILIES BY PROVIDING A DISTINCTIVE CHRISTIAN EDUCATION, UTILIZING CLASSICAL METHODOLOGY AND CONTENT, WITH A UNIVERSITY-TYPE SCHEDULE. ON-CAMPUS CLASSES MEET TWO DAYS PER WEEK, WITH AT-HOME LEARNING OCCURRING ON ALTERNATING DAYS. VERITAS CLASSICAL ACADEMY OFFERS CLASSES FOR PRE-K THROUGH 9TH GRADE AND WILL ADD ADDITIONAL GRADES EACH YEAR UNTIL REACHING 12TH GRADE.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt016608
IRS990/AdvertisingGrp/TotalAmt016608
IRS990/AllOtherContributionsAmt0155461
IRS990/AllOtherExpensesGrp/ProgramServicesAmt03684
IRS990/AllOtherExpensesGrp/TotalAmt03684
IRS990/AnnualDisclosureCoveredPrsnInd0false
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0VERITAS CLASSICAL ACADEMY
IRS990/BooksInCareOfDetail/PhoneNum07202739524
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 5344
IRS990/BooksInCareOfDetail/USAddress/CityNm0BEAUMONT
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990/BooksInCareOfDetail/USAddress/ZIPCd077726
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0255842
IRS990/CashNonInterestBearingGrp/EOYAmt0203356
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt010836
IRS990/ConferencesMeetingsGrp/TotalAmt010836
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CostOfGoodsSoldAmt065
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0155461
IRS990/CYGrantsAndSimilarPaidAmt0105000
IRS990/CYInvestmentIncomeAmt01
IRS990/CYOtherExpensesAmt0194879
IRS990/CYOtherRevenueAmt0127
IRS990/CYProgramServiceRevenueAmt0718404
IRS990/CYRevenuesLessExpensesAmt0-47909
IRS990/CYSalariesCompEmpBnftPaidAmt0622023
IRS990/CYTotalExpensesAmt0921902
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0873993
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0OPERATION OF PRIVATE SCHOOL
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt027952
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt027952
IRS990/DonorRstrOrQuasiEndowmentsInd0true
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt055
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0894826
IRS990/FamilyOrBusinessRlnInd0true
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt010000
IRS990/FeesForServicesAccountingGrp/TotalAmt010000
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt010432
IRS990/FeesForServicesOtherGrp/TotalAmt010432
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0AARON LAENGER
IRS990/Form990PartVIISectionAGrp/PersonNm1JOSHUA CAVETT
IRS990/Form990PartVIISectionAGrp/PersonNm2LUCY MERRILL
IRS990/Form990PartVIISectionAGrp/PersonNm3LAUREN CAVETT
IRS990/Form990PartVIISectionAGrp/PersonNm4LINDY MERRILL
IRS990/Form990PartVIISectionAGrp/PersonNm5SARAH OWENS
IRS990/Form990PartVIISectionAGrp/PersonNm6TOM OWENS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt085833
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0HEAD OF SCHO
IRS990/Form990PartVIISectionAGrp/TitleTxt1VOTING MEMBE
IRS990/Form990PartVIISectionAGrp/TitleTxt2VOTING MEMBE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6CHAIRMAN OF
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02013
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingDirectExpensesAmt07500
IRS990/FundraisingGrossIncomeAmt07010
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantAmt0105000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0105000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0105000
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0881558
IRS990/GrossSalesOfInventoryAmt0682
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt016399
IRS990/InsuranceGrp/TotalAmt016399
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt01
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt09
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0TX
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0VERITAS CLASSICAL ACADEMY SEEKS TO PARTNER WITH FAMILIES BY PROVIDING A DISTINCTIVE CHRISTIAN EDUCATION, UTILIZING CLASSICAL METHODOLOGY AND CONTENT, WITH A UNIVERSITY-TYPE SCHEDULE. ON-CAMPUS CLASSES MEET TWO DAYS PER WEEK, WITH AT-HOME LEARNING OCCURRING ON ALTERNATING DAYS. VERITAS CLASSICAL ACADEMY OFFERS CLASSES FOR PRE-K THROUGH 9TH GRADE AND WILL ADD ADDITIONAL GRADES EACH YEAR UNTIL REACHING 12TH GRADE.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0269123
IRS990/NetAssetsOrFundBalancesEOYAmt0227757
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-490
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0617
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0617
IRS990/NetUnrlzdGainsLossesInvstAmt06543
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0241171
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0199805
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt055130
IRS990/OccupancyGrp/TotalAmt055130
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0468
IRS990/OfficeExpensesGrp/TotalAmt0468
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt024609
IRS990/OtherAssetsTotalGrp/EOYAmt031154
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1CURRICULUM
IRS990/OtherExpensesGrp/Desc2DUES & MEMBERSHIPS
IRS990/OtherExpensesGrp/Desc3ATHLETICS/AFTER SCHOOL
IRS990/OtherExpensesGrp/ProgramServicesAmt029406
IRS990/OtherExpensesGrp/ProgramServicesAmt121815
IRS990/OtherExpensesGrp/ProgramServicesAmt210251
IRS990/OtherExpensesGrp/ProgramServicesAmt37569
IRS990/OtherExpensesGrp/TotalAmt029406
IRS990/OtherExpensesGrp/TotalAmt121815
IRS990/OtherExpensesGrp/TotalAmt210251
IRS990/OtherExpensesGrp/TotalAmt37569
IRS990/OtherLiabilitiesGrp/BOYAmt011328
IRS990/OtherLiabilitiesGrp/EOYAmt06753
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0576906
IRS990/OtherSalariesAndWagesGrp/TotalAmt0576906
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt045117
IRS990/PayrollTaxesGrp/TotalAmt045117
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0AARON LAENGER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0718404
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0718404
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt058881
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0354
IRS990/PYInvestmentIncomeAmt03
IRS990/PYOtherExpensesAmt0140819
IRS990/PYOtherRevenueAmt08196
IRS990/PYProgramServiceRevenueAmt0589269
IRS990/PYRevenuesLessExpensesAmt0-6297
IRS990/PYSalariesCompEmpBnftPaidAmt0521473
IRS990/PYTotalExpensesAmt0662646
IRS990/PYTotalRevenueAmt0656349
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-47909
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0718404
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/ScheduleBRequiredInd0true
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt027952
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt024609
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-3343
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt014349
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt010050
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt027952
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt03553
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt015000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt014349
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-651
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt031154
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RAYMOND JAMES ENDOWMENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06584
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1169
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CREDIT CARD
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL LIABILITIES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THESE DESIGNATED FUNDS ARE FOR THE FUTURE GROWTH OF THE SCHOOL.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/TotalBookValueOtherAssetsAmt031154
IRS990ScheduleD/TotalLiabilityAmt06753
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S POLICY IS PUBLISHED ON ITS WEBSITE AND IS ALSO INCLUDED IN THE FAMILY HANDBOOK.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1VERITAS CLASSICAL ACADEMY ADMITS STUDENTS OF ANY RACE, COLOR, NATIONAL AND ETHNIC ORIGIN TO ALL THE RIGHTS, PRIVILEGES, PROGRAMS AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS AT THE SCHOOL. VERITAS CLASSICAL ACADEMY DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR OR ETHNIC ORIGIN IN ADMINISTRATION OF EDUCATIONAL POLICIES, ADMISSIONS POLICIES, FINANCIAL POLICIES, AND ATHLETIC AND OTHER SCHOOL-ADMINISTERED PROGRAMS. THE ORGANIZATION PUBLISHES ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH ITS WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 5
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt0105000
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0RIVERSIDE CHURCH
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0530 N MAIN STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0BEAUMONT
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TX
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd077701
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0VERITAS CLASSICAL ACADEMY SEEKS TO PARTNER WITH FAMILIES BY PROVIDING A DISTINCTIVE CHRISTIAN EDUCATION, UTILIZING CLASSICAL METHODOLOGY AND CONTENT, WITH A UNIVERSITY-TYPE SCHEDULE. ON-CAMPUS CLASSES MEET TWO DAYS PER WEEK, WITH AT-HOME LEARNING OCCURRING ON ALTERNATING DAYS. VERITAS CLASSICAL ACADEMY OFFERS CLASSES FOR PRE-K THROUGH 9TH GRADE AND WILL ADD ADDITIONAL GRADES EACH YEAR UNTIL REACHING 12TH GRADE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TOM OWENS SARAH OWENS CHAIRMAN SECRETARY MARRIED JOSHUA CAVETT LAUREN CAVETT BOARD MEMBER TREASURER MARRIED LINDY MERRILL LUCY MERRILL VICE PRESID BOARD MEMBER MARRIED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF THE ENTIRE FORM 990 WILL BE PROVIDED TO AN OFFICER ON THE BOARD. THE OFFICERS OF THE BOARD OF DIRECTORS WILL REVIEW AND APPROVE THE FORM 990 PRIOR TO IT BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION WILL MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND/OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0280451
IRS990/TotalAssetsEOYAmt0234510
IRS990/TotalAssetsGrp/BOYAmt0280451
IRS990/TotalAssetsGrp/EOYAmt0234510
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0155461
IRS990/TotalEmployeeCnt055
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt027076
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0894826
IRS990/TotalFunctionalExpensesGrp/TotalAmt0921902
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt011328
IRS990/TotalLiabilitiesEOYAmt06753
IRS990/TotalLiabilitiesGrp/BOYAmt011328
IRS990/TotalLiabilitiesGrp/EOYAmt06753
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0269123
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0227757
IRS990/TotalProgramServiceExpensesAmt0894826
IRS990/TotalProgramServiceRevenueAmt0718404
IRS990/TotalReportableCompFromOrgAmt085833
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0719022
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0873993
IRS990/TotalVolunteersCnt015
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0280451
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0234510
IRS990/TravelGrp/ProgramServicesAmt02281
IRS990/TravelGrp/TotalAmt02281
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0116 ROLLING HILLS DR
IRS990/USAddress/CityNm0LUMBERTON
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd077657
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0HTTP://WWW.VERITASCLASSICALACADEMY.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LAUREN CAVETT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum04092259107
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-05-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VERITAS CLASSICAL ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0VERI
ReturnHeader/Filer/EIN0462170232
ReturnHeader/Filer/PhoneNum04092259107
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 5344
ReturnHeader/Filer/USAddress/CityNm0BEAUMONT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077726
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0F3AF51B903470ED8A5BD95532D769965B4FA07CB
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0F3AF51B903470ED8A5BD95532D769965B4FA07CB
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt067.79.66.246
ReturnHeader/FilingSecurityInformation/IPDt02020-05-28
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm013:54:32
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0760699045
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0POLLANS & COHEN PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0470 ORLEANS ST STE 810
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BEAUMONT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0777013018
ReturnHeader/PreparerPersonGrp/PhoneNum04098327400
ReturnHeader/PreparerPersonGrp/PreparationDt02020-05-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JANA URIBE
ReturnHeader/ReturnTs02020-05-28T13:54:32-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$234,510
Liabilities
$6,753
Net assets
$227,757
Revenue
$873,993
Expenses
$921,902
Net income
-$47,909
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.52$0.01$0.52$1.18$1.10$0.08
2023Detailed filing. Detailed filing data is available for this year.$0.45$0.01$0.44$0.96$0.96$0.00
2022Detailed filing. Detailed filing data is available for this year.$0.44$0.01$0.43$0.96$0.89$0.07
2021Detailed filing. Detailed filing data is available for this year.$0.38$0.01$0.37$0.98$0.89$0.09
2020Detailed filing. Detailed filing data is available for this year.$0.29$0.01$0.28$0.98$0.93$0.05
2019Detailed filing. Detailed filing data is available for this year.$0.23$0.01$0.23$0.87$0.92$0.05
2018Detailed filing. Detailed filing data is available for this year.$0.28$0.01$0.27$0.66$0.66$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.29$0.01$0.28$0.65$0.58$0.07
2016Summary only. Only limited summary data is available for this year.$0.21$0.00$0.20$0.63$0.48$0.16
2015Detailed filing. Detailed filing data is available for this year.$0.05$0.01$0.04$0.41$0.40$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.24$0.23$0.01
2013Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.12$0.10$0.02