VERITAS CHRISTIAN ACADEMY INC: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- VERITAS CHRISTIAN ACADEMY INC (EIN 56-2089482)
- Tax period
- 2010-07-01 to 2011-06-30
- Filed
- 2012-04-27
- IRS object ID
- 201221189349300627
- Schema version
- 2010v3.2
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-04-27T12:51:22-07:00 | Timestamp |
| Tax Period End Date | 2011-06-30 | 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 | 2010-07-01 | 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 | 2012-03-05 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | STEPHEN C CORLISS | Name |
| Phone | 8282360206 | Phone |
| Date Prepared | 2012-04-27 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | 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 | 3190490 | 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 | 102 | TotalNbrEmployees |
| Total Nbr Volunteers | 64 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Contributions Grants Prior Year | 478751 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 215109 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 3060040 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 2933314 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 4080 | InvestmentIncomePriorYear |
| Investment Income Current Year | 3212 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 91075 | OtherRevenuePriorYear |
| Other Revenue Current Year | 23847 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 3633946 | TotalRevenuePriorYear |
| Total Revenue Current Year | 3175482 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 86788 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 56902 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 2025614 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 1956821 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 71478 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 987461 | OtherExpensePriorYear |
| Other Expenses Current Year | 1020942 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 3099863 | TotalExpensesPriorYear |
| Total Expenses Current Year | 3034665 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 534083 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 140817 | RevenuesLessExpensesCY |
| Total Assets BOY | 2942551 | TotalAssetsBOY |
| Total Assets EOY | 3063721 | TotalAssetsEOY |
| Total Liabilities BOY | 1448997 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 1444876 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 1493554 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 1618845 | NetAssetsOrFundBalancesEOY |
| Mission Description | Please see attached Mission Concept. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 2743150 | Expense |
| Grants | 56902 | Grants |
| Revenue | 3060040 | Revenue |
| Description | DURING THE YEAR, THE SCHOOL WAS ATTENDED BY 357 STUDENTS: PRE-KINDERGARTEN THROUGH FIFTH GRADE: 188 SIXTH GRADE THROUGH EIGHTH GRADE: 77 NINTH GRADE THROUGH TWELFTH GRADE: 92 | Description |
| Total Program Service Expense | 2743150 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| 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 | 1 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 102 | 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 |
| DR GREG NARRON | ||||||
| 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 | 78965 | 0 | 3146 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 78965 | TotalReportableCompFromOrg |
| Total Other Compensation | 3146 | TotalOtherCompensation |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | false | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
| All Other Contributions | 215109 | AllOtherContributions |
| Total Contributions | 215109 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn |
|---|---|---|
| Tuition Fees | 611600 | 2619173 |
| Activity Fees | 611710 | 217923 |
| Lunch Fees | 611710 | 96218 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 2933314 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3212 | TotalRevenueColumn |
| Exclusion | $3,212 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 21937 | GrossIncomeFundraisingEvents |
| Fundraising Direct Expenses | 13337 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 8600 | TotalRevenueColumn |
| Exclusion | $8,600 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 16617 | GrossSalesOfInventory |
| Cost Of Goods Sold | 1671 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 14946 | TotalRevenueColumn |
| Exclusion | $14,946 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Miscellaneous | Description |
| Business Code | 990009 | BusinessCode |
| Total Revenue Column | 301 | TotalRevenueColumn |
| Exclusion | $301 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 301 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3175482 | TotalRevenueColumn |
| Related Or Exempt Function Income | 2933314 | RelatedOrExemptFunctionIncome |
| Exclusion | $27,059 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 56902 | Total |
| Program Services | 56902 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 89937 | Total |
| Program Services | 41868 | ProgramServices |
| Management And General | 39323 | ManagementAndGeneral |
| Fundraising | 8746 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1659258 | Total |
| Program Services | 1521680 | ProgramServices |
| Management And General | 109429 | ManagementAndGeneral |
| Fundraising | 28149 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 64201 | Total |
| Program Services | 57385 | ProgramServices |
| Management And General | 5456 | ManagementAndGeneral |
| Fundraising | 1360 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 143425 | Total |
| Program Services | 128199 | ProgramServices |
| Management And General | 12187 | ManagementAndGeneral |
| Fundraising | 3039 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 149 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 149 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2885 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 2885 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 48905 | Total |
| Program Services | 44830 | ProgramServices |
| Management And General | 4075 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15142 | Total |
| Program Services | 13535 | ProgramServices |
| Management And General | 1286 | ManagementAndGeneral |
| Fundraising | 321 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 31410 | Total |
| Program Services | 28074 | ProgramServices |
| Management And General | 2669 | ManagementAndGeneral |
| Fundraising | 667 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11930 | Total |
| Program Services | 10663 | ProgramServices |
| Management And General | 1015 | ManagementAndGeneral |
| Fundraising | 252 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 276806 | Total |
| Program Services | 247420 | ProgramServices |
| Management And General | 23520 | ManagementAndGeneral |
| Fundraising | 5866 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 110767 | Total |
| Program Services | 99008 | ProgramServices |
| Management And General | 9412 | ManagementAndGeneral |
| Fundraising | 2347 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 36607 | Total |
| Program Services | 32720 | ProgramServices |
| Management And General | 3111 | ManagementAndGeneral |
| Fundraising | 776 | Fundraising |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| Class Trip Expense | 77800 | 77800 | 0 | 0 |
| Instructional Materials | 59597 | 59597 | 0 | 0 |
| Electives/Clubs | 66477 | 66477 | 0 | 0 |
| Athletic Department | 50574 | 50574 | 0 | 0 |
| Parent-Teacher Fellowship | 24848 | 16073 | 1528 | 7247 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 207045 | Total |
| Program Services | 190345 | ProgramServices |
| Management And General | 3992 | ManagementAndGeneral |
| Fundraising | 12708 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3034665 | Total |
| Program Services | 2743150 | ProgramServices |
| Management And General | 220037 | ManagementAndGeneral |
| Fundraising | 71478 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 178837 | BOY |
| EOY | 100233 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 213255 | BOY |
| EOY | 402439 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16930 | BOY |
| EOY | 10157 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4859 | BOY |
| EOY | 18942 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 3375509 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 843559 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2528670 | BOY |
| EOY | 2531950 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2942551 | BOY |
| EOY | 3063721 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 244111 | BOY |
| EOY | 199864 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 183024 | BOY |
| EOY | 253555 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9730 | BOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 998198 | BOY |
| EOY | 991457 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13934 | BOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1448997 | BOY |
| EOY | 1444876 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1329921 | BOY |
| EOY | 1540875 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 163633 | BOY |
| EOY | 77970 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1493554 | BOY |
| EOY | 1618845 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2942551 | BOY |
| EOY | 3063721 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 140817 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -15526 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | false | FSAudited |
| 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 | 1101372 | OtherCostOrOtherBasis |
| Book Value | 1101372 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1946016 | OtherCostOrOtherBasis |
| Depreciation | 694278 | Depreciation |
| Book Value | 1251738 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 75402 | OtherCostOrOtherBasis |
| Depreciation | 55175 | Depreciation |
| Book Value | 20227 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 252719 | OtherCostOrOtherBasis |
| Depreciation | 94106 | Depreciation |
| Book Value | 158613 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 2531950 | TotalOfBookValueLandBuildings |
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 | Golf Tournament | NameOfEvent1 |
| Gross Receipts Event1 | 9255 | GrossReceiptsEvent1 |
| Gross Revenue Event1 | 9255 | GrossRevenueEvent1 |
| Other Direct Expenses Event1 | 3663 | OtherDirectExpensesEvent1 |
| Name Of Event2 | Spring Carnival | NameOfEvent2 |
| Gross Receipts Event2 | 5095 | GrossReceiptsEvent2 |
| Gross Revenue Event2 | 5095 | GrossRevenueEvent2 |
| Other Direct Expenses Event2 | 2985 | OtherDirectExpensesEvent2 |
| Gross Receipts Total | 14350 | GrossReceiptsTotal |
| Gross Revenue Total Events | 14350 | GrossRevenueTotalEvents |
| Other Direct Expenses Total Events | 6648 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 6648 | DirectExpenseSummaryEvents |
| Net Income Summary | 7702 | 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 | 56902 | AmountOfCashGrant |
| Method Of Valuation | N/A | MethodOfValuation |
| Description Of Non Cash Assistance | N/A | DescriptionOfNonCashAssistance |
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-B, Line 11a | The 990 is prepared by independent accountants, reviewed by management, |
| Pt VI-B, Line 11a | presented to the Board for review, and approval or final revision. |
| Pt VI-B, Line 12c | Enforced as necessary. Any Board Member with a conflict of interest on any |
| Pt VI-B, Line 12c | specific issue informs the Board and abstains from voting on the issue. |
| Pt VI-B, Line 15 | In the annual budgeting process, the Board approves a budget line |
| Pt VI-B, Line 15 | for aggregate salary expense. The Board of Directors sets the Head of |
| Pt VI-B, Line 15 | the School's salary after a performance review. |
| Pt VI-C, Line 18 | Forms 1023 & 990 are available upon request. |
| Pt VI-C, Line 19 | Upon request. |
| Pt XI | Other changes in fund balances consist of a $15,526 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 | YEARBOOK EXPENSE 14607. 14607. 0. 0. GRADUATION & RELATED 5744. 5744. 0. 0. EQUIPMENT LEASING & BUS MAINTENANCE 18770. 16776. 1595. 399. EDUCATIONAL TRAINING 7500. 7500. 0. 0. PRFESSIONAL DEVELOPMENT 10525. 10525. 0. 0. UPPER SCHOOL EXPENSE 10263. 10263. 0. 0. FUNDRAISING & DEVELOPMENT 12029. 0. 0. 12029. FURNITURE & EQUIPMENT EXPENSE 700. 626. 59. 15. FIELD TRIP EXPENSE 9883. 9883. 0. 0. DUES & SUBSCRIPTIONS 9963. 8905. 847. 211. AFTER-CARE PROGRAM 8200. 8200. 0. 0. HOT LUNCH EXPENSES 90047. 90 |