VERITAS CHRISTIAN ACADEMY INC: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: VERITAS CHRISTIAN ACADEMY INC (EIN 56-2089482)
Tax period: 2011-07-01 to 2012-06-30
Filed: 2013-05-13
IRS object ID: 201331339349301583
Schema version: 2011v1.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule E
Schedule G
Schedule I
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-05-13T08:25:19-07:00	Timestamp
Tax Period End Date	2012-06-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	CORLISS & SOLOMON PLLC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	242 CHARLOTTE ST STE 1	AddressLine1
City	ASHEVILLE	City
State	NC	State
ZIP Code	288011434	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2011-07-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	562089482	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	VERITAS CHRISTIAN ACADEMY INC	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	VERI	NameControl
Phone	8286810546	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	17 CANE CREEK ROAD	AddressLine1
City	FLETCHER	City
State	NC	State
ZIP Code	28732	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	KAY BELKNAP	Name
Title	HEAD OF SCHOOL	Title
Phone	8286810546	Phone
Date Signed	2013-05-10	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	STEPHEN C CORLISS	Name
Phone	8282360206	Phone
Date Prepared	2013-05-13	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	KAY BELKNAP	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	17 CANE CREEK ROAD	AddressLine1
City	FLETCHER	City
State	NC	State
ZIP Code	28732	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	3365350	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	www.veritasnc.org	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1998	YearFormation
State Legal Domicile	NC	StateLegalDomicile
Activity Or Mission Description	Please see attached Mission Concept.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	5	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	5	NbrIndependentVotingMembers
Total Nbr Employees	105	TotalNbrEmployees
Total Nbr Volunteers	72	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Prior Year	215109	ContributionsGrantsPriorYear
Contributions Grants Current Year	182007	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	2933314	ProgramServiceRevenuePriorYear
Program Service Revenue CY	3098633	ProgramServiceRevenueCY
Investment Income Prior Year	3212	InvestmentIncomePriorYear
Investment Income Current Year	1316	InvestmentIncomeCurrentYear
Other Revenue Prior Year	23847	OtherRevenuePriorYear
Other Revenue Current Year	68953	OtherRevenueCurrentYear
Total Revenue Prior Year	3175482	TotalRevenuePriorYear
Total Revenue Current Year	3350909	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	56902	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	60553	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	1956821	SalariesEtcPriorYear
Salaries Etc Current Year	2141967	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	131949	TotalFundrsngExpCurrentYear
Other Expense Prior Year	1020942	OtherExpensePriorYear
Other Expenses Current Year	1096146	OtherExpensesCurrentYear
Total Expenses Prior Year	3034665	TotalExpensesPriorYear
Total Expenses Current Year	3298666	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	140817	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	52243	RevenuesLessExpensesCY
Total Assets BOY	3063721	TotalAssetsBOY
Total Assets EOY	3215789	TotalAssetsEOY
Total Liabilities BOY	1444876	TotalLiabilitiesBOY
Total Liabilities EOY	1544682	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	1618845	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	1671107	NetAssetsOrFundBalancesEOY
Mission Description	Please see attached Mission Concept.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	2922664	Expense
Grants	60553	Grants
Revenue	3098633	Revenue
Description	DURING THE YEAR, THE SCHOOL WAS ATTENDED BY 370 STUDENTS: PRE-KINDERGARTEN THROUGH FIFTH GRADE: 196 SIXTH GRADE THROUGH EIGHTH GRADE: 88 NINTH GRADE THROUGH TWELFTH GRADE: 86	Description
Total Program Service Expense	2922664	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	true	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	false	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	false	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	true	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	true	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	true	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	3	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	105	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Quid Pro Quo Contributions	false	QuidProQuoContributions
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOf
Funds To Pay Premiums	false	FundsToPayPremiums
Premiums Paid	false	PremiumsPaid
Excess Business Holdings	false	ExcessBusinessHoldings
Taxable Distributions	false	TaxableDistributions
Distribution To Donor	false	DistributionToDonor
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	5	NbrVotingGoverningBodyMembers
Number Independent Voting Members	5	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	true	RegularMonitoringEnforcement
Whistleblower Policy	true	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	true	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	KAREN O'CONNER	NamePerson
Telephone Number	8286810546	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	17 CANE CREEK ROAD	AddressLine1
City	FLETCHER	City
State	NC	State
ZIP Code	28732	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (6 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation
DR GARY PRECHTER
Chair	4.00	X	X	0	0	0
MARK MUIR
Treasurer	3.00	X	X	0	0	0
MR JON VANNICE
Secretary	3.00	X	X	0	0	0
BESS REINHARDT
Board Member	3.00	X		0	0	0
MRS ANDREA HUMMERT
Board Member	4.00	X		0	0	0
KAY BELKNAP
Head of School	40.00		X	78215	0	4428

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	78215	TotalReportableCompFromOrg
Total Other Compensation	4428	TotalOtherCompensation
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources
Fundraising Events	14295	FundraisingEvents
All Other Contributions	167712	AllOtherContributions
Total Contributions	182007	TotalContributions

Program Service Revenue ProgramServiceRevenue (3 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn
Tuition Fees	611600	2848686
Activity & Club Fees	611710	204986
Parent Teacher Fellowship	611710	44961

Field	Value	IRS element (for citing)
Total Program Service Revenue	3098633	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	1316	TotalRevenueColumn
Exclusion	$1,316	ExclusionAmount

Field	Value	IRS element (for citing)
Gross Income Fundraising Events	78090	GrossIncomeFundraisingEvents
Cntrbtns Rprtd Fundraising Events	14295	CntrbtnsRprtdFundraisingEvents
Fundraising Direct Expenses	14441	FundraisingDirectExpenses

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

Field	Value	IRS element (for citing)
Total Revenue Column	63649	TotalRevenueColumn
Exclusion	$63,649	ExclusionAmount

Other Revenue Misc OtherRevenueMisc

Field	Value	IRS element (for citing)
Description	Miscellaneous	Description
Business Code	990009	BusinessCode
Total Revenue Column	5304	TotalRevenueColumn
Exclusion	$5,304	ExclusionAmount

Field	Value	IRS element (for citing)
Total Other Revenue	5304	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	3350909	TotalRevenueColumn
Related Or Exempt Function Income	3098633	RelatedOrExemptFunctionIncome
Exclusion	$70,269	ExclusionAmount

Grants To Domestic Individuals GrantsToDomesticIndividuals

Field	Value	IRS element (for citing)
Total	60553	Total
Program Services	60553	ProgramServices

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	91219	Total
Program Services	38640	ProgramServices
Management And General	48076	ManagementAndGeneral
Fundraising	4503	Fundraising

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	1830854	Total
Program Services	1664609	ProgramServices
Management And General	100095	ManagementAndGeneral
Fundraising	66150	Fundraising

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	59192	Total
Program Services	52453	ProgramServices
Management And General	4563	ManagementAndGeneral
Fundraising	2176	Fundraising

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	160702	Total
Program Services	142406	ProgramServices
Management And General	12388	ManagementAndGeneral
Fundraising	5908	Fundraising

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	1913	Total
Program Services	1722	ProgramServices
Management And General	191	ManagementAndGeneral
Fundraising	0	Fundraising

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	3600	Total
Program Services	3240	ProgramServices
Management And General	360	ManagementAndGeneral
Fundraising	0	Fundraising

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	57559	Total
Program Services	57072	ProgramServices
Management And General	487	ManagementAndGeneral
Fundraising	0	Fundraising

Advertising Advertising

Field	Value	IRS element (for citing)
Total	31194	Total
Program Services	0	ProgramServices
Management And General	31194	ManagementAndGeneral
Fundraising	0	Fundraising

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	38138	Total
Program Services	31678	ProgramServices
Management And General	4327	ManagementAndGeneral
Fundraising	2133	Fundraising

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	5588	Total
Program Services	4989	ProgramServices
Management And General	406	ManagementAndGeneral
Fundraising	193	Fundraising

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	264338	Total
Program Services	239366	ProgramServices
Management And General	21947	ManagementAndGeneral
Fundraising	3025	Fundraising

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	119817	Total
Program Services	106176	ProgramServices
Management And General	9237	ManagementAndGeneral
Fundraising	4404	Fundraising

Insurance Insurance

Field	Value	IRS element (for citing)
Total	38839	Total
Program Services	34694	ProgramServices
Management And General	2807	ManagementAndGeneral
Fundraising	1338	Fundraising

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices
Class & Field Trip Expense	113868	113868
Instructional Materials	116572	116572
Electives/Clubs	19400	19400
Athletic Department	60903	60903

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	224417	Total
Program Services	174323	ProgramServices
Management And General	7975	ManagementAndGeneral
Fundraising	42119	Fundraising

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	3298666	Total
Program Services	2922664	ProgramServices
Management And General	244053	ManagementAndGeneral
Fundraising	131949	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	100233	BOY
EOY	61919	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	402439	BOY
EOY	306418	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	10157	BOY
EOY	55510	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	18942	BOY
EOY	14256	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	3740993	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	963307	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	2531950	BOY
EOY	2777686	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	3063721	BOY
EOY	3215789	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	199864	BOY
EOY	197804	EOY

Deferred Revenue DeferredRevenue

Field	Value	IRS element (for citing)
BOY	253555	BOY
EOY	178853	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	991457	BOY
EOY	1168025	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	1444876	BOY
EOY	1544682	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	1540875	BOY
EOY	1632474	EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	77970	BOY
EOY	38633	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	1618845	BOY
EOY	1671107	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	3063721	BOY
EOY	3215789	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	52243	ReconcilationRevenueExpenses
Reconcilation Other Changes	19	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	true	AccountantCompileOrReview
FS Audited	false	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Separate	X	FinancialStatementSeparate
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
School170b1 Aii	X	School170b1Aii
Public Support Total170	0	PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

Field	Value	IRS element (for citing)
Total	0	Total

Field	Value	IRS element (for citing)
Public Support Pertcentage170	0	PublicSupportPertcentage170
Public Support Total509	0	PublicSupportTotal509
Public Support Percentage509	0	PublicSupportPercentage509
Investment Income Percentage	0	InvestmentIncomePercentage

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

Field	Value	IRS element (for citing)
Contributor Number	RESTRICTED	ContributorNumber

Contributor Name Business ContributorNameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor Address US ContributorAddressUS

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Aggregate Contributions	RESTRICTED	AggregateContributions

Schedule D IRS990ScheduleD

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	1537018	OtherCostOrOtherBasis
Book Value	1537018	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	1874126	OtherCostOrOtherBasis
Depreciation	785110	Depreciation
Book Value	1089016	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	104085	OtherCostOrOtherBasis
Depreciation	64430	Depreciation
Book Value	39655	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	225764	OtherCostOrOtherBasis
Depreciation	113767	Depreciation
Book Value	111997	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	2777686	TotalOfBookValueLandBuildings

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)

IdentifierIdentifier

ExplanationExplanation

Pt X

VERITAS IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES UNDER 501(C)(3) OF THE INTERNAL REVENUE CODE. UNDER THE CODE, HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT RELATED TO THE ORGANIZATIONS TAX-EXEMPT PURPOSE MAY BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE ORGANIZATION HAD LESS THAN $1,000 OF INCOME FROM UNRELATED BUSINESS ACTIVITIES IN THE YEAR ENDED JUNE 30, 2012 AND WAS, THEREFORE, NOT REQUIRED TO FILE FEDERAL FORM 990-T (EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN). THE ORGANI

Pt X

material to the financial statements. The organizations Forms 990 for 2008-2009, 2009-2010 and 2010-2011 are subject to examination by the IRS, generally for three years after being filed.

Schedule E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	true	NondiscriminatoryPolicyStmt
Policy Statement In Brochures Etc	true	PolicyStatementInBrochuresEtc
Policy Publ Via Broadcast Media	true	PolicyPublViaBroadcastMedia
Maint Racial Composition Records	true	MaintRacialCompositionRecords
Maint Scholarships Records	true	MaintScholarshipsRecords
Maint Copies Of Brochures Etc	true	MaintCopiesOfBrochuresEtc
Maint Copies Of All Solicitations	true	MaintCopiesOfAllSolicitations
Discriminate Race Students Rights	false	DiscriminateRaceStudentsRights
Discriminate Race Admiss Policies	false	DiscriminateRaceAdmissPolicies
Discriminate Race Emplmn Faculty	false	DiscriminateRaceEmplmnFaculty
Discriminate Race Scholarships	false	DiscriminateRaceScholarships
Discriminate Race Educ Policies	false	DiscriminateRaceEducPolicies
Discriminate Race Use Of Fclts	false	DiscriminateRaceUseOfFclts
Discriminate Race Athletic Prog	false	DiscriminateRaceAthleticProg
Discriminate Race Other Acty	false	DiscriminateRaceOtherActy
Government Financial Aid Received	false	GovernmentFinancialAidReceived
Government Financial Aid Revoked	false	GovernmentFinancialAidRevoked
Compliance With Rev Proc7550	true	ComplianceWithRevProc7550

Form990 Schedule E Part II Form990ScheduleEPartII

Field	Value	IRS element (for citing)
Identifier	Line 3	Identifier
Explanation	ADVERTISING AND PUBLISHED MATERIAL INCLUDES NONDISCRIMINATORY CLAUSE.	Explanation

Schedule G IRS990ScheduleG

Events Information EventsInformation

Field	Value	IRS element (for citing)
Name Of Event1	Gala	NameOfEvent1
Gross Receipts Event1	92385	GrossReceiptsEvent1
Charitable Contributions Event1	14295	CharitableContributionsEvent1
Gross Revenue Event1	78090	GrossRevenueEvent1
Rent Facility Costs Event1	4000	RentFacilityCostsEvent1
Food And Beverage Event1	5182	FoodAndBeverageEvent1
Other Direct Expenses Event1	5259	OtherDirectExpensesEvent1
Gross Receipts Total	92385	GrossReceiptsTotal
Charitable Contributions Total	14295	CharitableContributionsTotal
Gross Revenue Total Events	78090	GrossRevenueTotalEvents
Rent Facility Costs Total Events	4000	RentFacilityCostsTotalEvents
Food And Beverage Total Events	5182	FoodAndBeverageTotalEvents
Other Direct Expenses Total Events	5259	OtherDirectExpensesTotalEvents
Direct Expense Summary Events	14441	DirectExpenseSummaryEvents
Net Income Summary	63649	NetIncomeSummary

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Records Maintained	true	RecordsMaintained

Form990 Schedule I Part III Form990ScheduleIPartIII

Field	Value	IRS element (for citing)
Type Of Grant	Scholarships	TypeOfGrant
Number Of Recipients	11	NumberOfRecipients
Amount Of Cash Grant	60553	AmountOfCashGrant

Form990 Schedule I Part IV Form990ScheduleIPartIV (5 entries)

IdentifierIdentifier	ExplanationExplanation
Pt I Line 2	Veritas Christian Academy offers scholarship opportunities to students
Pt I Line 2	based on financial need. Recipients are selected by a committee of
Pt I Line 2	the Board of Trustees. The school also has donor specific
Pt I Line 2	scholarships for which the donor has established criteria. All
Pt I Line 2	scholarships are awarded on a non-discriminatory basis.

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (12 entries)

IdentifierIdentifier	ExplanationExplanation
Pt VI, Line 11a	The 990 is prepared by independent accountants, reviewed by management,
Pt VI, Line 11a	presented to the Board for review, and approval or final revision.
Pt VI, Line 12c	Enforced as necessary. Any Board Member with a conflict of interest on any
Pt VI, Line 12c	specific issue informs the Board and abstains from voting on the issue.
Pt VI, Line 15	In the annual budgeting process, the Board approves a budget line
Pt VI, Line 15	for aggregate salary expense. The Board of Directors sets the Head of
Pt VI, Line 15	the School's salary after a performance review.
Pt VI, Line 18	Forms 1023 & 990 are available upon request.
Pt VI, Line 19	Upon request.
Pt XI	Other changes in fund balances consist of a $19 prior period adjustment.
Form 990EZ, Part II, Line 26	ACCOUNTS PAYABLE & ACCRUED EXPENSES DEFERRED REVENUE BONDS, MORTGAGES & OTHER NOTES
Form 990, Part IX, Line 24f	UPPER SCHOOL EXPENSE 11092. 11092. 0. 0. PARENT-TEACHER FELLOWSHIP 46158. 25505. 0. 20653. OTHER EXTRACURRICULAR 33763. 33763. 0. 0. EQUIPMENT LEASING & BUS MAINTENANCE 21429. 19702. 1169. 558. EDUCATIONAL TRAINING 21764. 21764. 0. 0. TRADITIONS, AWARDS & HONORS 6622. 6622. 0. 0. FUNDRAISING & DEVELOPMENT 19954. 0. 0. 19954. FURNITURE & EQUIPMENT EXPENSE 34745. 31792. 1999. 954. DUES & SUBSCRIPTIONS 8852. 7967. 885. 0. AFTER-CARE PROGRAM 16116. 16116. 0. 0. BAD DEBT EXPENSE 3922. 0. 3922. 0.