2016-03-03T15:13:59-06:00 2015-06-30 621174696 BRUNDIGE PAYNE AND COMPANY PC 700 COLONIAL ROAD SUITE 220 MEMPHIS TN 381175156 990 2014-07-01 264135406 VERITAS COLLEGE PREPARATORY LEADERSHIP ACADEMY VERI 9015261900 690 MISSISSIPPI BOULEVARD MEMPHIS TN 38126 MATT WEATHERSBY CHAIRMAN 9015261900 2016-02-20 1 RICHARD A SWOPE CPA P00590766 9016834234 2014 2016-08-17 19:52:53Z MATT WEATHERSBY 690 MISSISSIPPI BOULEVARD MEMPHIS TN 38126 1843023 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. 12 12 27 12 0 0 1887253 1825559 21444 17429 30 35 10144 0 1918871 1843023 0 0 0 0 1241231 1088420 0 0 49649 669341 538321 1910572 1626741 8299 216282 90596 299265 238605 448929 -148009 -149664 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 1331124 17429 COLLEGE PREPARATORY SCHOOL PROVIDING A QUALITY EDUCATION TO THOSE STUDENTS IN MEMPHIS WHOSE EDUCATIONAL NEEDS ARE NOT BEING MET IN A TRADITIONAL SCHOOL SETTING. 1331124 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4 0 1 27 1 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 TN X NICK GETSCHMAN 9015261900 690 MISSISSIPPI BOULEVARD MEMPHIS TN 38126 ANDREW SCHAEFFER TREASURER AND FINANCE CHAIR 1.00 X X 0 0 0 MATT WEATHERSBY CHAIRMAN 1.00 X 0 0 0 LIZ MCKEE VICE CHAIR 1.00 X 0 0 0 MATT LAMMEL SECRETARY 1.00 X X 0 0 0 EIKO HARRIS BOARD MEMBER 1.00 X 0 0 0 GREGORY DAVIS BOARD MEMBER 1.00 X 0 0 0 TIFFANEE WADE-HENDERSON BOARD MEMBER 1.00 X 0 0 0 SONYA FLECK BOARD MEMBER 1.00 X 0 0 0 ROBIN POSTON BOARD MEMBER 1.00 X 0 0 0 CALVIN BLACKISTON BOARD MEMBER 1.00 X 0 0 0 DELILAH HARBIN BOARD MEMBER 1.00 X 0 0 0 MARTY WICK BOARD MEMBER 1.00 X 0 0 0 CHRISTOPHER ARMISTAID DEPUTY DIRECTOR 40.00 X 65299 0 12754 NICK GETSCHMAN EXECUTIVE DIRECTOR 40.00 X 69384 0 12899 134683 0 25653 0 0 0 0 0 1550348 275211 1825559 VARIOUS PROGRAM REVENU 611710 17429 17429 17429 35 35 1843023 17429 0 35 118528 58478 19886 40164 773548 707134 66414 74627 63991 7258 3378 58573 49973 5566 3034 63144 53469 6602 3073 10963 10963 13690 13690 7926 7926 8283 8283 239807 216626 23181 1186 1186 17418 15676 1742 15305 15305 BUS AND EQUIPMENT LEASI 115804 81990 33814 PROFESSIONAL DEVELOPMEN 54722 54722 DUES & SUBSCRIPTIONS 16487 3810 12677 MISCELLANEOUS EXPENSE 15694 4219 11475 21036 21036 1626741 1331124 245968 49649 21917 120798 14567 12170 18477 13761 85120 61939 35635 23181 0 129355 90596 299265 197818 162262 40787 0 0 286667 238605 448929 X -148009 -149664 -148009 -149664 90596 299265 X 216282 -217937 0 X 0 1 X 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 85120 61939 23181 23181 DEFERRED OUTFLOWS - PENSION 129355 129355 DEFERRED INFLOWS - PENSION 286667 286667 X 1843023 0 1843023 0 1843023 1626741 0 1626741 0 1626741 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 IRS. THE SCHOOL HAS ANALYZED THE TAX POSITIONS TAKEN BY THE SCHOOL AND HAS CONCLUDED THAT AS OF JUNE 30, 2014, 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 JUNE 30, 2011. 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 RECEIVES FUNDS FROM THE STATE OF TENNESSEE DEPARTMENT OF EDUCATION. FORM 990, PART VI, SECTION B, LINE 11 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. LINE 8 THE PRIOR PERIOD ADJUSTMENT IN THE STATEMENT OF ACTIVITIES FOR THE YEAR ENDED JUNE 30, 2015, REFLECTS ENTRIES REQUIRED TO RECOGNIZE ADJUSTMENTS REQUIRED BY THE SCHOOL'S ADOPTION OF GOVERNMENTAL ACCOUNTING STANDARDS BOARD STATEMENT 68, ACCOUNTING AND FINANCIAL REPORTING FOR PENSIONS, AN AMENDMENT OF GASB STATEMENT NO. 27. GASB IS EFFECTIVE IN FISCAL YEAR 2015 AND REQUIRES THE RECOGNITION OF A NET PENSION ASSET OR LIABILITY, A MORE COMPREHENSIVE MEASURE OF PENSION EXPENSE, NEW NOTE DISCLOSURES, AND SUPPLEMENTARY INFORMATION.