Liabilities / Assets
62nd percentile
Tied with the lowest-debt nonprofits in its peer group.
Veritas Classes Inc.
990EZ • Fiscal year 2022 • EIN 81-2207835
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.00x
Liabilities / Revenue
63rd percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
30th percentile
Higher net margin than 30% of similar nonprofits.
Top Officer Pay
82nd percentile
Higher top officer pay than 82% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
45th percentile
Faster asset growth than 45% of similar nonprofits.
Revenue Growth
42nd percentile
Faster revenue growth than 42% of similar nonprofits.
Balance Sheet
Assets
Down$9,679
Down $74 (-0.8%) from 2021
Net Assets
Down$9,679
Down $74 (-0.8%) from 2021
Liabilities
Flat$0
Flat from 2021
Revenue And Expenses
Revenue
Up$79,844
Up $9,652 (+14%) from 2021
Expenses
Up$79,919
Up $13,791 (+21%) from 2021
Net Income
Down-$75
Down $4,139 (-102%) from 2021
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2021 to Jun 30, 2022
- Signed
- May 10, 2022
- Return Version
- 2021v4.2
- Gross Receipts
- $79,844
Mission and Program Overview
Mission
Please see Sch O for primary purpose
Program Services
| Description | Grants | Expenses |
|---|---|---|
| Veritas Classes Inc serves on average 100 students per year. | - | $79,919 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Wade Cox | Chairman | - | $0 | - | - |
| Gary Brantley | Treasurer | - | $0 | - | - |
| Stacie Brantley | Board Member | - | $0 | - | - |
| David Morton | Board Member Web Designer | - | $0 | - | - |
| Casey Morton | Secretary | - | $0 | - | - |
| Cindy Fox | Board Member | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Veritas Classes Inc
- EIN
- 81-2207835
- Address
- 1600 Power Line Road, Elon, NC 27244
Signing Officer
- Name
- Wade Cox
- Title
- Chairman
- Phone
- 3369080908
- Signed
- 2022-05-10
- Discuss with paid preparer
- No
Preparer
- Firm
- Lori E Kenney CPA PLLC
- Address
- 5901 Willow Oak Drive, Mebane, NC 27302
- Preparer
- Lori E Kenney
- Phone
- 9194522038
Supplemental Narrative
Additional Explanations
Description of other expenses Part I line 16
“Description AmountAppreciation 60Background Checks 15Bank Charges 98CPA fee 1,980General Liability Insurance 774Worker Compensation Insurance 1,003Quickbooks Financial Subscription 550Quickbooks Payments Fees 785Quickbooks Payments Fees Income (680)Suppy Fees 4,662Webmaster 770”
Other changes in net assets or fund balances Part I line 20
“Description AmountYear end adj 1”
Part III response or note to any other line in Part III
“The Mission of Veritas is to provide weekly tutorials from an unapologetically Christian worldview to enrich the local homeschool environment, assist parents in leading their students toward their academic goals, and encourage students to grow closer to the Lord through positive relationships with instructors and peers.”
Raw XML Appendix147 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 0 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 4 | 0 |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | David Morton |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | Casey Morton |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | Treasurer |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | Secretary |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | Board Member |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 0 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 1 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 10017 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | Please see Sch O for primary purpose |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | Veritas Classes Inc serves on average 100 students per year. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 79919 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 68782 |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
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| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 79919 |
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| IRS990EZ/TotalRevenueAmt | 0 | 79844 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | https://www.veritasclasses.org/ |
| IRS990ScheduleA/First5Years170Ind | 0 | X |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 79844 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 70192 |
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| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 150036 |
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| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 70192 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 150036 |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Description AmountAppreciation 60Background Checks 15Bank Charges 98CPA fee 1,980General Liability Insurance 774Worker Compensation Insurance 1,003Quickbooks Financial Subscription 550Quickbooks Payments Fees 785Quickbooks Payments Fees Income (680)Suppy Fees 4,662Webmaster 770 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Description AmountYear end adj 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | The Mission of Veritas is to provide weekly tutorials from an unapologetically Christian worldview to enrich the local homeschool environment, assist parents in leading their students toward their academic goals, and encourage students to grow closer to the Lord through positive relationships with instructors and peers. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Description of other expenses Part I line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Other changes in net assets or fund balances Part I line 20 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Part III response or note to any other line in Part III |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd | 0 | 00 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 0 |
| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | false |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Wade Cox |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Chairman |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 3369080908 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2022-05-10 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | Veritas Classes Inc |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | VERI |
| ReturnHeader/Filer/EIN | 0 | 812207835 |
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| ReturnHeader/Filer/USAddress/CityNm | 0 | Elon |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NC |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 27244 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 822478603 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | Lori E Kenney CPA PLLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 5901 Willow Oak Drive |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Mebane |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 27302 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 9194522038 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2022-11-14 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Lori E Kenney |
| ReturnHeader/ReturnTs | 0 | 2022-11-14T17:11:13-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | Wade |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | Cox |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2021-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2022-06-30 |
| ReturnHeader/TaxYr | 0 | 2021 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $9,679
- Liabilities
- $0
- Net assets
- $9,679
- Revenue
- $79,844
- Expenses
- $79,919
- Net income
- -$75