2015-02-04T16:09:47-06:00 2014-06-30 621174696 BRUNDIGE PAYNE AND COMPANY PC 700 COLONIAL ROAD SUITE 220 MEMPHIS TN 381175156 990 2013-07-01 264135406 VERITAS COLLEGE PREPARATORY LEADERSHIP ACADEMY VERI 9015261900 690 MISSISSIPPI BOULEVARD MEMPHIS TN 38126 RUDY WALKER CHAIRMAN 9015261900 2015-01-16 1 RICHARD A SWOPE CPA P00590766 9016834234 2013 2016-04-25 22:37:26Z RUDY WALKER 690 MISSISSIPPI BOULEVARD MEMPHIS TN 38126 1925794 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. 11 11 28 11 0 0 1576928 1887253 13221 21444 43 30 0 10144 1590192 1918871 0 0 0 0 1233454 1241231 0 0 53775 630828 669341 1864282 1910572 -274090 8299 222776 90596 379084 238605 -156308 -148009 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 1466414 21474 COLLEGE PREPARATORY SCHOOL PROVIDING A QUALITY EDUCATION TO THOSE STUDENTS IN MEMPHIS WHOSE EDUCATIONAL NEEDS ARE NOT BEING MET IN A TRADITIONAL SCHOOL SETTING. 1466414 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 0 1 28 1 0 0 0 0 0 0 0 0 X 11 11 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 BOARD MEMBER 1.00 X 0 0 0 RUDY WALKER CHAIRMAN 1.00 X X 0 0 0 MATT WEATHERSBY BOARD MEMBER 1.00 X 0 0 0 MARTY WICK VICE CHAIRMAN 1.00 X X 0 0 0 SCOTT ADAMS TREASURER AND FINANCE CHAIRMAN 1.00 X X 0 0 0 LIZ MCKEE BOARD MEMBER 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 TIM WARE 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 CHRISTOPHER ARMISTAID DEPUTY DIRECTOR 40.00 X 74200 0 17934 NICK GETSCHMAN EXECUTIVE DIRECTOR 40.00 X 76700 0 14036 150900 0 31970 0 0 0 0 0 1621500 265753 1887253 OTHER INCOME 611710 21444 21444 21444 30 30 17067 6923 10144 10144 1918871 21474 0 10144 150900 71240 41310 38350 731846 686766 45080 127640 110258 12034 5348 163556 141284 15419 6853 67289 57746 6609 2934 13128 13128 27078 27078 4799 4799 74 74 242091 216589 25502 543 543 18223 16401 1822 40682 40682 BUS AND EQUIPMENT LEASI 113884 83912 29972 BAD DEBT EXPENSE 82814 82814 PROFESSIONAL DEVELOPMEN 45584 45584 DUES & SUBSCRIPTIONS 25779 0 25779 54662 36634 17738 290 1910572 1466414 390383 53775 7796 21917 80000 78015 14567 7987 18477 97321 61686 48978 35635 222776 90596 329089 197818 49995 40787 379084 238605 X -156308 -148009 -156308 -148009 222776 90596 8299 0 X 0 1 X 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 97321 61686 35635 35635 X 1918871 0 1918871 0 1918871 1910572 0 1910572 0 1910572 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. BRAX 9260 9260 6923 7807 7807 17067 17067 6923 6923 10144 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.