Civic Intelligence

Veritas Community School Inc

990 • Fiscal year 2019 • EIN 46-3823049

Jul 01, 2018 to Jun 30, 2019 • Filed on Mar 09, 2020

Organization Profileveritascommunityschool.com
2600 Grimes StreetCharlotte, NC 28206

(980) 333-1939

Siviq Scores

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

Liabilities / Assets

98th percentile

2.64x

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

2019 filings • NTEE B • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

73rd percentile

0.29x

Higher debt load relative to revenue than 73% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Source year 2019

Net Margin

54th percentile

5.0%

Higher net margin than 54% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

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

2019 filings • NTEE B • $1M-$5M nonprofits • Source year 2019

Asset Growth

10th percentile

-15%

Faster asset growth than 10% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

25th percentile

-6.6%

Faster revenue growth than 25% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$176,104

Down $30,882 (-15%) from 2018

Net Assets

Up

-$288,446

Up $79,446 (+22%) from 2018

Liabilities

Down

$464,550

Down $110,328 (-19%) from 2018

Revenue And Expenses
Liabilities / Revenue73rd percentileNet Margin54th percentile

Revenue

Down

$1,575,312

Down $110,732 (-6.6%) from 2018

Expenses

Down

$1,495,866

Down $230,794 (-13%) from 2018

Net Income

Up

$79,446

Up $120,062 (+296%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth10th percentile

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

$1.0M$500K$0-$500KAssets 2014: $3,875Liabilities 2014: $902014Assets 2015: $98,708Liabilities 2015: $1,9502015Assets 2016: $307,104Liabilities 2016: $650,818Net Assets 2016: -$343,7142016Assets 2017: $271,231Liabilities 2017: $598,507Net Assets 2017: -$327,2762017Assets 2018: $206,986Liabilities 2018: $574,878Net Assets 2018: -$367,8922018Assets 2019: $176,104Liabilities 2019: $464,550Net Assets 2019: -$288,4462019Assets 2020: $152,686Liabilities 2020: $432,267Net Assets 2020: -$279,5812020Assets 2021: $274,606Liabilities 2021: $324,153Net Assets 2021: -$49,5472021Assets 2022: $407,151Liabilities 2022: $202,234Net Assets 2022: $204,9172022Assets 2023: $425,405Liabilities 2023: $171,392Net Assets 2023: $254,0132023

Highlighted filing

2019

Assets$176,104
Liabilities$464,550
Net Assets-$288,446
Open 2019 Filing

Operations Trend

Revenue Growth25th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $10,000Expenses 2014: $6,215Net Income 2014: $3,7852014Revenue 2015: $117,882Expenses 2015: $24,909Net Income 2015: $92,9732015Revenue 2016: $1,080,904Expenses 2016: $1,521,376Net Income 2016: -$440,4722016Revenue 2017: $1,436,980Expenses 2017: $1,463,196Net Income 2017: -$26,2162017Revenue 2018: $1,686,044Expenses 2018: $1,726,660Net Income 2018: -$40,6162018Revenue 2019: $1,575,312Expenses 2019: $1,495,866Net Income 2019: $79,4462019Revenue 2020: $1,337,883Expenses 2020: $1,329,018Net Income 2020: $8,8652020Revenue 2021: $1,631,986Expenses 2021: $1,401,952Net Income 2021: $230,0342021Revenue 2022: $2,013,633Expenses 2022: $1,759,169Net Income 2022: $254,4642022Revenue 2023: $2,141,689Expenses 2023: $2,092,593Net Income 2023: $49,0962023

Highlighted filing

2019

Revenue$1,575,312
Expenses$1,495,866
Net Income$79,446
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Mar 9, 2020
Return Version
2018v3.1
Gross Receipts
$1,575,312
Mission and Program Overview

Mission

Operation of a public charter school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$100,854$86,454▼ $14,400
Accounts Receivable$62,415$59,498▼ $2,917
Land, Buildings, and Equipment, Net$42,773$28,901▼ $13,872
Prepaid Expenses and Deferred Charges$944$1,251▲ $307
Total Assets$206,986$176,104▼ $30,882
Liabilities
Unsecured Notes Loans Payable$560,627$446,475▼ $114,152
Other Liabilities$2,603$9,175▲ $6,572
Accounts Payable and Accrued Expenses$11,648$8,900▼ $2,748
Total Liabilities$574,878$464,550▼ $110,328
Net Assets / Fund Balance
Unrestricted Net Assets$-367,892$-288,446▲ $79,446
Total Net Assets Fund Balance$-367,892$-288,446▲ $79,446
Total Liabilities and Net Assets / Fund Balance$206,986$176,104▼ $30,882

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$28,901$40,460$69,361
Compensation and Service Providers
Top Officer Pay34th percentile

Board Members and Trustees

NameTitle
Erika BowenChairperson
Ed RitterBoard Member
Kristie OpiolaBoard Member
Lindsay BetzelBoard Member
Thomas Van PoperingBoard Member
Catherine HutasuhutMember
Lee TeagueTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$182,191
Program Service Revenue
$1,393,121
Investment Income
$0
Other Revenue
$0
All Other Contributions
$110,373
Change in Net Assets
$79,446

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,575,312
Total Revenue per Audited Statements
$1,575,312
Total Revenue per Form 990
$1,575,312
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$980,547
Other Expenses$515,319
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$811,416--$811,416
Other Employee Benefits$88,436--$88,436
Payroll Taxes$65,854--$65,854
Occupancy$40,764$13,588-$54,352
Other Expenses$42,632$13,138-$42,632
Conferences and Meetings$29,815--$29,815
Interest-$18,305-$18,305
Pension Plan Contributions$14,841--$14,841
Depreciation Depletion$13,872--$13,872
Insurance-$11,095-$11,095
Advertising-$8,331-$8,331
Fees for Services Accounting-$6,900-$6,900
Fees for Services Legal-$1,013-$1,013
Total Functional Expenses$1,246,106$249,760$0$1,495,866

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,495,866
Total Expenses per Audited Statements$1,495,866
Total Expenses per Form 990$1,495,866
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
Federal income taxes$9,175
Compensated Absences-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Acadia NorthStar, LLC - accounting and business services”

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

“The board treasurer reviews 990 and reports to the board of directors prior to filing.”

Form 990, Part VI, Section B, Line 12C

“Each board member is required to execute a conflict of interest statement and confidentiality agreement annually. Any potential conflict of interest is reviewed and resolved by the board of directors.”

Form 990, Part VI, Section B, Line 15A

“Compensation for top officials is approved by the board of directors and is based on review of area comparability data and the experience and expertise of the individual.”

Form 990, Part VI, Section B, Line 15B

“Compensation for key employees is approved by the board of directors and is based on review of area comparability data and the experience and expertise of the individual.”

Form 990, Part VI, Section C, Line 19

“Governing documents, school policies and financial statements are available for viewing by the public at the Schools office upon request.”

Filing and Contact Details

Filer

Filer Name
VERITAS Community School Inc
EIN
46-3823049
Phone
9803331939
Address
2600 Grimes Street, Charlotte, NC 28206

Signing Officer

Name
Erika Bowen
Title
Board Chair
Phone
9803331939
Signed
2020-03-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Katy Ridnouer
Formed
2013
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
37
Volunteers
50

Preparer

Firm
Rebekah Barr CPA PC
Address
5422 Boswellville Road, Wilson, NC 27893
Preparer
Rebekah Barr
Phone
2522306294
Raw XML Appendix392 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/AccountsPayableAccrExpnssGrp/BOYAmt011648
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt08900
IRS990/AccountsReceivableGrp/BOYAmt062415
IRS990/AccountsReceivableGrp/EOYAmt059498
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Operation of a public charter school.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt08331
IRS990/AdvertisingGrp/TotalAmt08331
IRS990/AllOtherContributionsAmt0110373
IRS990/AllOtherExpensesGrp/TotalAmt00
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Acadia NorthStar LLC
IRS990/BooksInCareOfDetail/PhoneNum08282877897
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO Box 110
IRS990/BooksInCareOfDetail/USAddress/CityNm0Rutherfordton
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd028139
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0100854
IRS990/CashNonInterestBearingGrp/EOYAmt086454
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt029815
IRS990/ConferencesMeetingsGrp/TotalAmt029815
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0182191
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0515319
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt01393121
IRS990/CYRevenuesLessExpensesAmt079446
IRS990/CYSalariesCompEmpBnftPaidAmt0980547
IRS990/CYTotalExpensesAmt01495866
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01575312
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0true
IRS990/DepreciationDepletionGrp/ProgramServicesAmt013872
IRS990/DepreciationDepletionGrp/TotalAmt013872
IRS990/Desc0Operation of a charter school in Charlotte, North Carolina, serving approximately 150 students for the fiscal year ended June 30, 2019.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt037
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt01246106
IRS990/FamilyOrBusinessRlnInd0true
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt06900
IRS990/FeesForServicesAccountingGrp/TotalAmt06900
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt01013
IRS990/FeesForServicesLegalGrp/TotalAmt01013
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt0005.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1005.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt2005.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt3005.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt4005.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt5005.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt6005.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0Catherine Hutasuhut
IRS990/Form990PartVIISectionAGrp/PersonNm1Lee Teague
IRS990/Form990PartVIISectionAGrp/PersonNm2Kristie Opiola
IRS990/Form990PartVIISectionAGrp/PersonNm3Lindsay Betzel
IRS990/Form990PartVIISectionAGrp/PersonNm4Ed Ritter
IRS990/Form990PartVIISectionAGrp/PersonNm5Erika Bowen
IRS990/Form990PartVIISectionAGrp/PersonNm6Thomas Van Popering
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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/TitleTxt0Member
IRS990/Form990PartVIISectionAGrp/TitleTxt1Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt2Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt3Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt4Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt5Chairperson
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board Member
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0false
IRS990/FormationYr02013
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GovernmentGrantsAmt071818
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01575312
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt07
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt011095
IRS990/InsuranceGrp/TotalAmt011095
IRS990/InterestGrp/ManagementAndGeneralAmt018305
IRS990/InterestGrp/TotalAmt018305
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt040460
IRS990/LandBldgEquipBasisNetGrp/BOYAmt042773
IRS990/LandBldgEquipBasisNetGrp/EOYAmt028901
IRS990/LandBldgEquipCostOrOtherBssAmt069361
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Operation of a public charter school.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0-367892
IRS990/NetAssetsOrFundBalancesEOYAmt0-288446
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt013588
IRS990/OccupancyGrp/ProgramServicesAmt040764
IRS990/OccupancyGrp/TotalAmt054352
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt088436
IRS990/OtherEmployeeBenefitsGrp/TotalAmt088436
IRS990/OtherExpensesGrp/Desc0Contracted Student Services
IRS990/OtherExpensesGrp/Desc1Supplies, Textbooks, etc
IRS990/OtherExpensesGrp/Desc2Food program
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0177390
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt113138
IRS990/OtherExpensesGrp/ProgramServicesAmt043760
IRS990/OtherExpensesGrp/ProgramServicesAmt194716
IRS990/OtherExpensesGrp/ProgramServicesAmt242632
IRS990/OtherExpensesGrp/TotalAmt0221150
IRS990/OtherExpensesGrp/TotalAmt1107854
IRS990/OtherExpensesGrp/TotalAmt242632
IRS990/OtherLiabilitiesGrp/BOYAmt02603
IRS990/OtherLiabilitiesGrp/EOYAmt09175
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0811416
IRS990/OtherSalariesAndWagesGrp/TotalAmt0811416
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt065854
IRS990/PayrollTaxesGrp/TotalAmt065854
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt014841
IRS990/PensionPlanContributionsGrp/TotalAmt014841
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0944
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01251
IRS990/PrincipalOfficerNm0Katy Ridnouer
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0State of NC Funding
IRS990/ProgramServiceRevenueGrp/Desc1Local Education Agencies
IRS990/ProgramServiceRevenueGrp/Desc2Lunch Revenues
IRS990/ProgramServiceRevenueGrp/Desc3Other Program Revenues
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0944648
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1418338
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt23126
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt327009
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0238855
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0529557
IRS990/PYProgramServiceRevenueAmt01447189
IRS990/PYRevenuesLessExpensesAmt0-40616
IRS990/PYSalariesCompEmpBnftPaidAmt01197103
IRS990/PYTotalExpensesAmt01726660
IRS990/PYTotalRevenueAmt01686044
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt079446
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt01495866
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt028901
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt040460
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt069361
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09175
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Compensated Absences
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt01575312
IRS990ScheduleD/TotalBookValueLandBuildingsAmt028901
IRS990ScheduleD/TotalExpensesPerForm990Amt01495866
IRS990ScheduleD/TotalLiabilityAmt09175
IRS990ScheduleD/TotalRevenuePerForm990Amt01575312
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01575312
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01495866
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0North Carolina charter schools are funded by the State and Local Governments. The School also receives various federal grants.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc06a
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Acadia NorthStar, LLC - accounting and business services
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The board treasurer reviews 990 and reports to the board of directors prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Each board member is required to execute a conflict of interest statement and confidentiality agreement annually. Any potential conflict of interest is reviewed and resolved by the board of directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Compensation for top officials is approved by the board of directors and is based on review of area comparability data and the experience and expertise of the individual.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Compensation for key employees is approved by the board of directors and is based on review of area comparability data and the experience and expertise of the individual.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Governing documents, school policies and financial statements are available for viewing by the public at the Schools office upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0206986
IRS990/TotalAssetsEOYAmt0176104
IRS990/TotalAssetsGrp/BOYAmt0206986
IRS990/TotalAssetsGrp/EOYAmt0176104
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0182191
IRS990/TotalEmployeeCnt037
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0249760
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01246106
IRS990/TotalFunctionalExpensesGrp/TotalAmt01495866
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0574878
IRS990/TotalLiabilitiesEOYAmt0464550
IRS990/TotalLiabilitiesGrp/BOYAmt0574878
IRS990/TotalLiabilitiesGrp/EOYAmt0464550
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-367892
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-288446
IRS990/TotalProgramServiceExpensesAmt01246106
IRS990/TotalProgramServiceRevenueAmt01393121
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01575312
IRS990/TotalVolunteersCnt050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0206986
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0176104
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-367892
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-288446
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0560627
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0446475
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02600 Grimes Street
IRS990/USAddress/CityNm0Charlotee
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028206
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0veritascommunityschool.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Erika Bowen
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Board Chair
ReturnHeader/BusinessOfficerGrp/PhoneNum09803331939
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-03-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VERITAS Community School Inc
ReturnHeader/Filer/BusinessNameControlTxt0VERI
ReturnHeader/Filer/EIN0463823049
ReturnHeader/Filer/PhoneNum09803331939
ReturnHeader/Filer/USAddress/AddressLine1Txt02600 Grimes Street
ReturnHeader/Filer/USAddress/CityNm0Charlotte
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028206
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId05F9737B0F227446FD1AF0DE930E53A4CE2250ECB
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId05F9737B0F227446FD1AF0DE930E53A4CE2250ECB
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt075.182.112.62
ReturnHeader/FilingSecurityInformation/IPDt02020-03-09
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm015:54:04
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Rebekah Barr CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05422 Boswellville Road
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Wilson
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027893
ReturnHeader/PreparerPersonGrp/PhoneNum02522306294
ReturnHeader/PreparerPersonGrp/PreparationDt02020-03-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Rebekah Barr
ReturnHeader/ReturnTs02020-03-09T11:54:24-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

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
$176,104
Liabilities
$464,550
Net assets
-$288,446
Revenue
$1,575,312
Expenses
$1,495,866
Net income
$79,446
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.43$0.17$0.25$2.14$2.09$0.05
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.41$0.20$0.20$2.01$1.76$0.25
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.27$0.32$0.05$1.63$1.40$0.23
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.15$0.43$0.28$1.34$1.33$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.18$0.46$0.29$1.58$1.50$0.08
2018Detailed filing. Detailed filing data is available for this year.$0.21$0.57$0.37$1.69$1.73$0.04
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.27$0.60$0.33$1.44$1.46$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.31$0.65$0.34$1.08$1.52$0.44
2015Summary only. Only limited summary data is available for this year.$0.10$0.00$0.12$0.02$0.09
2014Summary only. Only limited summary data is available for this year.$0.00$0.00$0.01$0.01$0.00