2014-05-15T09:27:26-05:00 2013-06-30 621174696 BRUNDIGE PAYNE AND COMPANY PC 700 COLONIAL ROAD SUITE 220 MEMPHIS TN 381175156 990 2012-07-01 264135406 VERITAS COLLEGE PREPARATORY LEADERSHIP ACADEMY VERI 9015261900 690 MISSISSIPPI BOULEVARD MEMPHIS TN 38126 RUDY WALKER 9015261900 2014-05-14 1 NICOLE P GLASSCOCK CPA P00743101 9016834234 2012 2015-11-30 17:44:51Z RUDY WALKER 690 MISSISSIPPI BOULEVARD MEMPHIS TN 38126 1590192 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. 9 9 28 9 0 0 1562385 1576928 4818 13221 31 43 0 0 1567234 1590192 0 0 0 0 1192469 1233454 0 0 58170 573627 630828 1766096 1864282 -198862 -274090 351548 222776 233766 379084 117782 -156308 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 1453687 13264 COLLEGE PREPARATORY SCHOOL PROVIDING A QUALITY EDUCATION TO THOSE STUDENTS IN MEMPHIS WHOSE EDUCATIONAL NEEDS ARE NOT BEING MET IN A TRADITIONAL SCHOOL SETTING. 1453687 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 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 1 0 1 28 1 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 TN X TIM WARE 9015261900 168 JEFFERSON AVENUE MEMPHIS TN 38103 MARKOVA REED 1.00 X 0 0 0 HUNTER HUMPHREYS JR 1.00 X X 0 0 0 CEDRICK WOOTEN 1.00 X 0 0 0 MARCUS LEAKS 1.00 X X 0 0 0 ANDREW SCHAEFFER 1.00 X X 0 0 0 RUDY WALKER 1.00 X X 0 0 0 MATT WEATHERSBY 1.00 X 0 0 0 RIC WOLBRECHT 1.00 X 0 0 0 DARYL BROWN 1.00 X 0 0 0 MARTY WICKS 1.00 X 0 0 0 SCOTT ADAMS 1.00 X 0 0 0 ELIZABETH WILSON 1.00 X 0 0 0 DEDRA WOODS 1.00 X 0 0 0 LIZ MCKEE 1.00 X 0 0 0 MATT LAMMEL 1.00 X 0 0 0 EIKO HARRIS 1.00 X 0 0 0 CHRISTOPHER ARMISTAD 40.00 X 67840 0 23330 NICK GETSCHMAN 40.00 X 51855 0 11018 119695 0 34348 0 0 0 0 0 1293821 283107 1576928 OTHER INCOME 611710 13221 13221 13221 43 43 1590192 13264 0 0 915644 781806 91312 42526 121885 103602 12189 6094 126494 107520 12649 6325 69431 59282 6924 3225 19643 19643 36000 36000 11302 11302 33350 33350 208376 187538 20838 115 115 17142 15428 1714 16793 16793 BUS & EQUIPMENT LEASING 169109 130606 38503 PROFESSIONAL DEVELOPMEN 30279 30279 BAD DEBT EXPENSE 29150 29150 MISCELLANEOUS EXPENSE 19099 10612 8487 40470 27014 13456 1864282 1453687 352425 58170 51753 7796 80000 232868 78015 7982 7987 92440 43462 58945 48978 351548 222776 184866 329089 48900 49995 233766 379084 X 117782 -156308 117782 -156308 351548 222776 -274090 0 X 0 1 X 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 92440 43462 48978 48978 X 1590192 0 1590192 0 1590192 1864282 0 1864282 0 1864282 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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, 2013, 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 2010. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION 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. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE 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 C, LINE 19 VERITAS COLLEGE PREPARATORY LEADERSHIP ACADEMY PROVIDES ITS FINANCIAL STATEMENTS OR OTHER GOVERNING DOCUMENTS FOR PUBLIC INSPECTION UPON REQUEST.