Liabilities / Assets
68th percentile
Tied with the lowest-debt nonprofits in its peer group.
Veritas Classes Inc.
990EZ • Fiscal year 2023 • EIN 81-2207835
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.00x
Liabilities / Revenue
68th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
33rd percentile
Higher net margin than 33% of similar nonprofits.
Top Officer Pay
84th percentile
Higher top officer pay than 84% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
48th percentile
Faster asset growth than 48% of similar nonprofits.
Revenue Growth
46th percentile
Faster revenue growth than 46% of similar nonprofits.
Balance Sheet
Assets
Up$10,005
Up $326 (+3.4%) from 2022
Net Assets
Up$10,005
Up $326 (+3.4%) from 2022
Liabilities
Flat$0
Flat from 2022
Revenue And Expenses
Revenue
Up$80,948
Up $1,104 (+1.4%) from 2022
Expenses
Up$80,621
Up $702 (+0.9%) from 2022
Net Income
Up$327
Up $402 (+536%) from 2022
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2022 to Jun 30, 2023
- Signed
- Aug 5, 2023
- Return Version
- 2022v5.0
- Gross Receipts
- $80,948
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. | - | $80,621 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| David Morton | Chairman | - | $0 | - | - |
| Casey Morton | Secretary | - | $0 | - | - |
| Ben Duckett | Treasurer | - | $0 | - | - |
| Gina Duckett | Board Member | - | $0 | - | - |
| Cindy Fox | Board Memeber | - | $0 | - | - |
| Nicole Walker | 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
- Ben Duckett
- Title
- Treasurer
- Phone
- 3369080908
- Signed
- 2023-08-05
- 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 AmountBank Charges 69Insurance Liability 1,356Meals 162Quickbooks 585Quickbooks Payments Fee Expense 828Quickbooks Payments Fee Income (879)Supply Fees 4,659Webmaster 910Direct Deposit Fees 182Payroll Taxes 5,597Gifts 60”
Other changes in net assets or fund balances Part I line 20
“Description AmountPrior year 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 Appendix151 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 |
|---|---|---|
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| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | Ben Duckett |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 3365860997 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1600 Power Line Road |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | Elon |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NC |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 27244 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 9679 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 10005 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 327 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 3905 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 9679 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 10005 |
| IRS990EZ/GrossReceiptsAmt | 0 | 80948 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 0 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 0 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MembershipDuesAmt | 0 | 80948 |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 9679 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 10005 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 9679 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 10005 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 1200 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | David Morton |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | Casey Morton |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | Ben Duckett |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | Gina Duckett |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | Cindy Fox |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | Nicole Walker |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | Chairman |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | Secretary |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | Treasurer |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | Board Member |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | Board Memeber |
| 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 | 13529 |
| 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 | 80621 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 61987 |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 0 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 80621 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 80621 |
| IRS990EZ/TotalRevenueAmt | 0 | 80948 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | https://www.veritasclasses.org/ |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 83289 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 79844 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 70192 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 233325 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 233325 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 83289 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 79844 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 70192 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 233325 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 233325 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Description AmountBank Charges 69Insurance Liability 1,356Meals 162Quickbooks 585Quickbooks Payments Fee Expense 828Quickbooks Payments Fee Income (879)Supply Fees 4,659Webmaster 910Direct Deposit Fees 182Payroll Taxes 5,597Gifts 60 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Description AmountPrior year 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 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | false |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Ben Duckett |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Treasurer |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 3369080908 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2023-08-05 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | Veritas Classes Inc |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | VERI |
| ReturnHeader/Filer/EIN | 0 | 812207835 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 1600 Power Line Road |
| 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 | 2023-09-15 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Lori E Kenney |
| ReturnHeader/ReturnTs | 0 | 2023-09-15T19:56:58-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | Ben |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | Duckett |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2022-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2023-06-30 |
| ReturnHeader/TaxYr | 0 | 2022 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $10,005
- Liabilities
- $0
- Net assets
- $10,005
- Revenue
- $80,948
- Expenses
- $80,621
- Net income
- $327