2026-04-30T06:36:33-05:00 2025-06-30 621114363 HENDERSON HUTCHERSON & MCCULLOUGH PLLC 1755 KIRBY PARKWAY SUITE 200 MEMPHIS TN 38120 990 2024-07-01 264135406 VERITAS COLLEGE PREPARATORY LEADERSHIP ACADEMY VERI 9015261900 1500 DUNN AVE MEMPHIS TN 38106 NICK GETSCHMAN EXECUTIVE DIRECTOR 9015261900 2026-04-28 1 1 RICHARD A SWOPE P00590766 9016834234 2026-04-28 2024 2025-03-06 01:10:19Z NICK GETSCHMAN 1500 DUNN AVE MEMPHIS TN 38106 2088935 0 X WWW.VERITASCOLLEGEPREP.ORG X 2009 TN THE ORGANIZATION PREPARES MEMPHIS STUDENTS IN GRADES SIX THROUGH EIGHT TO EXCEL IN HIGH SCHOOL AND COLLEGE AS ACCOMPLISHED SCHOLARS AND TO CONTRIBUTE TO THEIR COMMUNITIES AS ETHICAL LEADERS. 4 4 25 15 0 0 2431908 2072304 0 0 0 0 17598 16631 2449506 2088935 0 0 0 0 1551657 1661545 0 0 0 840371 630684 2392028 2292229 57478 -203294 1911211 2444474 467307 1128221 1443904 1316253 THE ORGANIZATION PREPARES MEMPHIS STUDENTS IN GRADES SIX THROUGH EIGHT TO EXCEL IN HIGH SCHOOL AND COLLEGE AS ACCOMPLISHED SCHOLARS AND TO CONTRIBUTE TO THEIR COMMUNITIES AS ETHICAL LEADERS. 0 0 1759146 COLLEGE PREPARATORY SCHOOL PROVIDING A QUALITY EDUCATION TO THOSE STUDENTS IN MEMPHIS WHOSE EDUCATIONAL NEEDS ARE NOT BEING MET IN A TRADITIONAL SCHOOL SETTING. 1759146 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 5 0 1 25 1 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 0 0 0 TN X NICK GETSCHMAN 9015261900 1500 DUNN AVENUE MEMPHIS TN 38106 ERIC FOLK TREASURER 5.00 X X 0 0 0 RUDY WALKER SECRETARY 5.00 X 0 0 0 CHRISSY GEIBEL VICE CHAIR 5.00 X 0 0 0 TIERNEY JACKSON SMITH BOARD CHAIR 5.00 X 0 0 0 NICK GETSCHMAN EXECUTIVE DIRECTOR 55.00 X 134479 0 15842 134479 0 15842 1 0 1 0 0 2059574 12730 2072304 MISCELLANEOUS REVENUE 611110 16631 16631 16631 2088935 16631 0 0 X 317868 302334 15534 1010633 833908 176725 230908 199396 31512 102136 87428 14708 21782 21782 2890 2890 3952 3952 2490 2490 247250 230143 17107 768 768 20296 18266 2030 23183 23183 CONSULTING EXPENSE 114000 114000 SUPPLIES EXPENSE 90930 52383 38547 DUES AND SUBSCRIPTIONS 44201 44201 EQUIPMENT LEASING 23654 23654 35288 35288 2292229 1759146 533083 0 1031293 802140 20269 800 55865 282792 229647 71136 53145 807982 1513055 1911211 2444474 98943 106573 368364 1021648 467307 1128221 X 1443904 1316253 1443904 1316253 1911211 2444474 -203294 75643 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 125000 112500 12500 157792 117147 40645 53145 RIGHT TO USE LEASED ASSET 930558 STABILIZATION RESERVE TRUST 63075 NET PENSION ASSETS 353365 DEFFERED OUTFLOWS - PENSION 166057 1513055 DEFERRED INFLOWS - PENSION 79893 RIGHT TO USE LEASE LIABILITY 941755 1021648 X 2088935 0 2088935 0 2088935 2292229 0 2292229 0 2292229 PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES MANAGEMENT OF THE SCHOOL TO EVALUATE TAX POSITIONS TAKEN BY THE SCHOOL AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE SCHOOL HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE SCHOOL HAS ANALYZED THE TAX POSITIONS TAKEN BY THE SCHOOL AND HAS CONCLUDED THAT AS OF JUNE 30, 2025, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE SCHOOL IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS FOR ANY TAX PERIODS. THE SCHOOL BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2022. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL MEETS REV. PROC. 75-50, 1975-2 C.B. 587 SECTION 4.0 (2)C BY DRAWING STUDENTS FROM LOCAL COMMUNITIES. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVED GRANTS FROM THE TENNESSEE DEPARTMENT OF EDUCATION TOTALING $1,793,960 AND GRANTS FROM THE U.S. DEPARTMENT OF EDUCATION TOTALING $265,614. 0 0 0 0 0 0 0 0 0 NICK GETSCHMAN EXECUTIVE DIRECTOR 134479 0 0 0 0 0 0 0 15842 0 150321 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE RETURN PREPARER PROVIDED A COPY OF THE FINAL VERSION OF FORM 990 TO THE BOARD OF DIRECTORS BEFORE IT WAS FILED. ADDITIONALLY, THE BOARD OF DIRECTORS REVIEWED AND APPROVED THE RETURN BEFORE IT WAS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD AND THE EXECUTIVE DIRECTOR ANNUALLY REVIEWS AND ENFORCES THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION C, LINE 19 VERITAS COLLEGE PREPARATORY LEADERSHIP ACADEMY PROVIDES ITS FINANCIAL STATEMENTS OR OTHER GOVERNING DOCUMENTS FOR PUBLIC INSPECTION UPON REQUEST. FORM 990, PART IX, LINE 24E MISCELLANEOUS EXPENSE: PROGRAM SERVICE EXPENSES 16,431. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,431. FIELDTRIPS: PROGRAM SERVICE EXPENSES 12,853. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,853. PROFESSIONAL DEVELOPMENT: PROGRAM SERVICE EXPENSES 6,004. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,004. PART XI, LINE 2C THE PROCESS USED BY THE COMMITTEE TO OVERSEE AND AUDIT HAS NOT CHANGED FROM THE PRIOR YEAR.