Civic Intelligence

Veritas Academy Inc.

990 • Fiscal year 2016 • EIN 59-3333430

Jul 01, 2015 to Jun 30, 2016 • Filed on Oct 31, 2016

Organization ProfileWWW.VERITASACADEMY.COM
26 Hillcrest AveLeola, PA 17540

(717) 556-0690

Siviq Scores

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

Liabilities / Assets

88th percentile

0.80x

Higher debt load relative to assets than 88% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

54th percentile

0.13x

Higher debt load relative to revenue than 54% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

56th percentile

4.0%

Higher net margin than 56% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

88th percentile

36%

Faster asset growth than 88% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

65th percentile

9.9%

Faster revenue growth than 65% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets88th percentile

Assets

Up

$274,063

Up $71,935 (+36%) from 2015

Net Assets

Up

$54,248

Up $68,023 (+494%) from 2015

Liabilities

Up

$219,815

Up $3,912 (+1.8%) from 2015

Revenue And Expenses
Liabilities / Revenue54th percentileNet Margin56th percentile

Revenue

Up

$1,695,090

Up $153,218 (+9.9%) from 2015

Expenses

Up

$1,627,067

Up $97,494 (+6.4%) from 2015

Net Income

Up

$68,023

Up $55,724 (+453%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth88th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MAssets 2011: $109,859Liabilities 2011: $204,317Net Assets 2011: -$94,4582011Assets 2012: $139,164Liabilities 2012: $292,995Net Assets 2012: -$153,8312012Assets 2013: $68,177Liabilities 2013: $181,753Net Assets 2013: -$113,5762013Assets 2014: $101,189Liabilities 2014: $127,264Net Assets 2014: -$26,0752014Assets 2015: $202,128Liabilities 2015: $215,903Net Assets 2015: -$13,7752015Assets 2016: $274,063Liabilities 2016: $219,815Net Assets 2016: $54,2482016Assets 2017: $349,055Liabilities 2017: $119,842Net Assets 2017: $229,2132017Assets 2018: $521,814Liabilities 2018: $106,160Net Assets 2018: $415,6542018Assets 2019: $575,490Liabilities 2019: $91,750Net Assets 2019: $483,7402019Assets 2020: $1,147,098Liabilities 2020: $356,767Net Assets 2020: $790,3312020Assets 2021: $4,461,777Liabilities 2021: $2,721,296Net Assets 2021: $1,740,4812021Assets 2022: $5,666,078Liabilities 2022: $3,334,648Net Assets 2022: $2,331,4302022Assets 2023: $6,159,185Liabilities 2023: $3,274,359Net Assets 2023: $2,884,8262023Assets 2024: $6,697,637Liabilities 2024: $3,185,733Net Assets 2024: $3,511,9042024Assets 2025: $7,697,730Liabilities 2025: $3,080,081Net Assets 2025: $4,617,6492025

Highlighted filing

2016

Assets$274,063
Liabilities$219,815
Net Assets$54,248
Open 2016 Filing

Operations Trend

Revenue Growth65th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $1,145,154Expenses 2011: $1,218,209Net Income 2011: -$73,0552011Revenue 2012: $1,192,934Expenses 2012: $1,252,307Net Income 2012: -$59,3732012Revenue 2013: $1,393,137Expenses 2013: $1,352,883Net Income 2013: $40,2542013Revenue 2014: $1,486,859Expenses 2014: $1,399,358Net Income 2014: $87,5012014Revenue 2015: $1,541,872Expenses 2015: $1,529,573Net Income 2015: $12,2992015Revenue 2016: $1,695,090Expenses 2016: $1,627,067Net Income 2016: $68,0232016Revenue 2017: $1,940,064Expenses 2017: $1,765,099Net Income 2017: $174,9652017Revenue 2018: $2,203,833Expenses 2018: $2,017,392Net Income 2018: $186,4412018Revenue 2019: $2,199,575Expenses 2019: $2,139,449Net Income 2019: $60,1262019Revenue 2020: $2,498,533Expenses 2020: $2,191,942Net Income 2020: $306,5912020Revenue 2021: $3,403,646Expenses 2021: $2,453,496Net Income 2021: $950,1502021Revenue 2022: $3,545,855Expenses 2022: $2,954,906Net Income 2022: $590,9492022Revenue 2023: $4,273,600Expenses 2023: $3,720,204Net Income 2023: $553,3962023Revenue 2024: $4,819,883Expenses 2024: $4,236,550Net Income 2024: $583,3332024Revenue 2025: $5,734,564Expenses 2025: $4,628,819Net Income 2025: $1,105,7452025

Highlighted filing

2016

Revenue$1,695,090
Expenses$1,627,067
Net Income$68,023
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Oct 31, 2016
Return Version
2015v2.1
Gross Receipts
$1,700,886
Mission and Program Overview

Mission

Educating students in grades k-12 using the classical christian education method.

Classical christian k-12 school teaching grammar, dialectic and rhetoric.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$193,374$254,907▲ $61,533
Accounts Receivable$4,134$14,536▲ $10,402
Total Assets$202,128$274,063▲ $71,935
Other Assets Total$4,620$4,620→ $0
Liabilities
Deferred Revenue$182,217$213,181▲ $30,964
Unsecured Notes Loans Payable$25,000--
Accounts Payable and Accrued Expenses$7,589$5,238▼ $2,351
Other Liabilities$1,097$1,396▲ $299
Total Liabilities$215,903$219,815▲ $3,912
Net Assets / Fund Balance
Unrestricted Net Assets$-13,775$43,267▲ $57,042
Temporarily Rstr Net Assets-$8,481-
Permanently Rstr Net Assets-$2,500-
Total Net Assets Fund Balance$-13,775$54,248▲ $68,023
Total Liabilities and Net Assets / Fund Balance$202,128$274,063▲ $71,935

Asset Categories

AssetBook ValueDepreciationBasis
Buildings-$63,002$63,002
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Keith KruegerChairman
Beth MccollumBoard Member
Chris MartinBoard Member
Eric SeegerBoard Member
Peter LielbriedisSecretary
Jeff MylinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$196,652
Program Service Revenue
$1,459,797
Investment Income
$0
Other Revenue
$38,641
All Other Contributions
$196,652
Change in Net Assets
$68,023
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,121,940
Other Expenses$505,127
Total Fundraising Expense$35,005
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$711,726$291,067$32,295$1,035,088
Occupancy$152,885--$152,885
Payroll Taxes$59,720$24,422$2,710$86,852
Office Expenses$33,745--$33,745
Advertising$31,686--$31,686
Fees for Services Other$22,941--$22,941
Other Expenses$20,811--$20,811
Information Technology$16,497--$16,497
Insurance$15,572--$15,572
All Other Expenses$15,555--$15,555
Conferences and Meetings$6,033--$6,033
Fees for Services Accounting$2,455--$2,455
Interest$125--$125
Total Functional Expenses$1,276,573$315,489$35,005$1,627,067
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$44,437
Fundraising Direct Expenses$5,796
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Student Fundrai$30,416$30,416$1,063$29,353
Athletic$14,021$14,021$4,733$9,288
Total Events$44,437$44,437$5,796$38,641
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Family Accounts (prepaid Money to$1,396
Cover Misc. Expenses Throughout-
The School Year)-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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, Page 6, Part VI, Line 11B

“No review was or will be conducted”

Form 990, Page 6, Part VI, Line 12C

“Annually each interested person reviews our conflict of interest policy. The policy is reviewed annually by each member of the board of governors.”

Form 990, Page 6, Part VI, Line 19

“Documents in office available upon request”

Filing and Contact Details

Filer

Filer Name
Veritas Academy Inc
EIN
59-3333430
Phone
7175560690
Address
26 HILLCREST AVE, LEOLA, PA 17540

Signing Officer

Name
Jeff Mylin
Title
Treasurer
Phone
7175560690
Signed
2016-10-31

Organization Details

Principal Officer
Keith Krueger
Formed
1996
Legal Domicile
Pa
Voting Board Members
8
Independent Board Members
8
Employees
47
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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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IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0false
IRS990ScheduleE/MaintainScholarshipsRecsInd0false
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0false
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0false
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0WE CURRENTLY KEEP NO RECORDS CONTAINING THE RACIAL COMPOSITION OF THE STUDENT BODY, FACULTY, OR ADMINISTRATIVE STAFF. WE DO NOT GATHER THAT INFORMATION.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1WE CURRENTLY KEEP NO RECORDS CONTAINING THE RACIAL COMPOSITION OF THE STUDENT BODY, FACULTY, OR ADMINISTRATIVE STAFF. WE DO NOT GATHER THAT INFORMATION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 7
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt05796
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0STUDENT FUNDRAI
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0ATHLETIC
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt030416
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt014021
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt044437
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt030416
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt014021
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt044437
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt038641
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt05796
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt01063
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt04733
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO REVIEW WAS OR WILL BE CONDUCTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNUALLY EACH INTERESTED PERSON REVIEWS OUR CONFLICT OF INTEREST POLICY. THE POLICY IS REVIEWED ANNUALLY BY EACH MEMBER OF THE BOARD OF GOVERNORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS IN OFFICE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt08481
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0202128
IRS990/TotalAssetsEOYAmt0274063
IRS990/TotalAssetsGrp/BOYAmt0202128
IRS990/TotalAssetsGrp/EOYAmt0274063
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0196652
IRS990/TotalEmployeeCnt047
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt035005
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0315489
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01276573
IRS990/TotalFunctionalExpensesGrp/TotalAmt01627067
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0215903
IRS990/TotalLiabilitiesEOYAmt0219815
IRS990/TotalLiabilitiesGrp/BOYAmt0215903
IRS990/TotalLiabilitiesGrp/EOYAmt0219815
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-13775
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt054248
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt083538
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt083538
IRS990/TotalProgramServiceExpensesAmt01276573
IRS990/TotalProgramServiceRevenueAmt01459797
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01459797
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01695090
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0202128
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0274063
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-13775
IRS990/UnrestrictedNetAssetsGrp/EOYAmt043267
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt025000
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.VERITASACADEMY.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JEFF MYLIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07175560690
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-10-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VERITAS ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0VERI
ReturnHeader/Filer/EIN0593333430
ReturnHeader/Filer/PhoneNum07175560690
ReturnHeader/Filer/USAddress/AddressLine1Txt026 HILLCREST AVE
ReturnHeader/Filer/USAddress/CityNm0LEOLA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd017540
ReturnHeader/ReturnTs02016-11-09T15:10:01-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$274,063
Liabilities
$219,815
Net assets
$54,248
Revenue
$1,695,090
Expenses
$1,627,067
Net income
$68,023
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.70$3.08$4.62$5.73$4.63$1.11
2024Detailed filing. Detailed filing data is available for this year.$6.70$3.19$3.51$4.82$4.24$0.58
2023Detailed filing. Detailed filing data is available for this year.$6.16$3.27$2.88$4.27$3.72$0.55
2022Detailed filing. Detailed filing data is available for this year.$5.67$3.33$2.33$3.55$2.95$0.59
2021Detailed filing. Detailed filing data is available for this year.$4.46$2.72$1.74$3.40$2.45$0.95
2020Detailed filing. Detailed filing data is available for this year.$1.15$0.36$0.79$2.50$2.19$0.31
2019Detailed filing. Detailed filing data is available for this year.$0.58$0.09$0.48$2.20$2.14$0.06
2018Detailed filing. Detailed filing data is available for this year.$0.52$0.11$0.42$2.20$2.02$0.19
2017Detailed filing. Detailed filing data is available for this year.$0.35$0.12$0.23$1.94$1.77$0.17
2016Detailed filing. Detailed filing data is available for this year.$0.27$0.22$0.05$1.70$1.63$0.07
2015Summary only. Only limited summary data is available for this year.$0.20$0.22$0.01$1.54$1.53$0.01
2014Summary only. Only limited summary data is available for this year.$0.10$0.13$0.03$1.49$1.40$0.09
2013Summary only. Only limited summary data is available for this year.$0.07$0.18$0.11$1.39$1.35$0.04
2012Summary only. Only limited summary data is available for this year.$0.14$0.29$0.15$1.19$1.25$0.06
2011Summary only. Only limited summary data is available for this year.$0.11$0.20$0.09$1.15$1.22$0.07