VERITAS CHRISTIAN ACADEMY INC: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- VERITAS CHRISTIAN ACADEMY INC (EIN 56-2089482)
- Tax period
- 2009-07-01 to 2010-06-30
- Filed
- 2011-03-08
- IRS object ID
- 201110679349300316
- Schema version
- 2009v1.3
- 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 L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-03-08T13:32:44-08:00 | Timestamp |
| Tax Period End Date | 2010-06-30 | 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 STREET SUITE 1 | AddressLine1 |
| City | ASHEVILLE | City |
| State | NC | State |
| ZIP Code | 28801 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-07-01 | 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 | 2011-03-15 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | STEPHEN C CORLISS | Name |
| Phone | 8282360206 | Phone |
| Date Prepared | 2011-03-08 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | 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 | 3667230 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| 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 | Veritas Christian Academy is an independent, non- denominational, college preparatory school governed by a Board of Trustees. The school serves students in Pre-Kindergarten through twelfth grade. Intelligent Faith: Equipping minds & engaging hearts for God's Kingdom purposes. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 5 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 5 | NbrIndependentVotingMembers |
| Total Nbr Employees | 109 | TotalNbrEmployees |
| Total Nbr Volunteers | 64 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Contributions Grants Prior Year | 71036 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 478751 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 2967124 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 3060040 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 6395 | InvestmentIncomePriorYear |
| Investment Income Current Year | 4080 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 20477 | OtherRevenuePriorYear |
| Other Revenue Current Year | 91075 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 3065032 | TotalRevenuePriorYear |
| Total Revenue Current Year | 3633946 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 60580 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 86788 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 2139432 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 2025614 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 77843 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 1014121 | OtherExpensePriorYear |
| Other Expenses Current Year | 987461 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 3214133 | TotalExpensesPriorYear |
| Total Expenses Current Year | 3099863 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -149101 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 534083 | RevenuesLessExpensesCY |
| Total Assets BOY | 2279439 | TotalAssetsBOY |
| Total Assets EOY | 2942551 | TotalAssetsEOY |
| Total Liabilities BOY | 1302828 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 1448997 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 976611 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 1493554 | NetAssetsOrFundBalancesEOY |
| Mission Description | Veritas Christian Academy is an independent, non- | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 2802820 | Expense |
| Grants | 86788 | Grants |
| Revenue | 3060040 | Revenue |
| Description | DURING THE YEAR, THE SCHOOL WAS ATTENDED BY 363 STUDENTS: PRE-KINDERGARTEN THROUGH FIFTH GRADE: 192 SIXTH GRADE THROUGH EIGHTH GRADE: 79 NINTH GRADE THROUGH TWELFTH GRADE: 92 | Description |
| Total Program Service Expense | 2802820 | 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 |
| Balance Sheet Amounts Reported | true | BalanceSheetAmountsReported |
| 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 | true | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | true | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | true | 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 |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 4 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 109 | 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 |
| 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 | ALMONTA L KNAPP | 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 | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Individual Trustee Or DirectorIndividualTrusteeOrDirector |
|---|---|---|---|---|---|---|
| KAY BELKNAP | ||||||
| Head of School | 40.00 | X | 74927 | 0 | 6751 | |
| DR GARY PRECHTER | ||||||
| Chair | 4.00 | X | 0 | 0 | 0 | X |
| MARK MUIR | ||||||
| Treasurer | 3.00 | X | 0 | 0 | 0 | X |
| MR JON VANNICE | ||||||
| Secretary | 3.00 | X | 0 | 0 | 0 | X |
| DR GREG NARRON | ||||||
| Board Member | 3.00 | 0 | 0 | 0 | X | |
| CYNTHIA WIJANT VAN DE GROEP | ||||||
| Board Member | 4.00 | 0 | 0 | 0 | X | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 74927 | TotalReportableCompFromOrg |
| Total Other Compensation | 6751 | TotalOtherCompensation |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | false | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
| All Other Contributions | 478751 | AllOtherContributions |
| Total Contributions | 478751 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| Tuition Fees | 611600 | 2817682 | 2817682 |
| Activity Fees | 611710 | 242358 | 242358 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 3060040 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4080 | TotalRevenueColumn |
| Exclusion | $4,080 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 98246 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 24415 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 28518 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 69728 | TotalRevenueColumn |
| Exclusion | $69,728 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 24999 | GrossSalesOfInventory |
| Cost Of Goods Sold | 4766 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 20233 | TotalRevenueColumn |
| Exclusion | $20,233 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Miscellaneous | Description |
| Business Code | 999999 | BusinessCode |
| Total Revenue Column | 1114 | TotalRevenueColumn |
| Exclusion | $1,114 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 1114 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3633946 | TotalRevenueColumn |
| Related Or Exempt Function Income | 3060040 | RelatedOrExemptFunctionIncome |
| Exclusion | $95,155 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 86788 | Total |
| Program Services | 86788 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 89409 | Total |
| Program Services | 43947 | ProgramServices |
| Management And General | 37196 | ManagementAndGeneral |
| Fundraising | 8266 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1715259 | Total |
| Program Services | 1574432 | ProgramServices |
| Management And General | 111027 | ManagementAndGeneral |
| Fundraising | 29800 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 72610 | Total |
| Program Services | 64366 | ProgramServices |
| Management And General | 6440 | ManagementAndGeneral |
| Fundraising | 1804 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 148336 | Total |
| Program Services | 132963 | ProgramServices |
| Management And General | 12210 | ManagementAndGeneral |
| Fundraising | 3163 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1478 | Total |
| Program Services | 1478 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2481 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 2481 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 41314 | Total |
| Program Services | 40899 | ProgramServices |
| Management And General | 324 | ManagementAndGeneral |
| Fundraising | 91 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14778 | Total |
| Program Services | 13243 | ProgramServices |
| Management And General | 1199 | ManagementAndGeneral |
| Fundraising | 336 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 35683 | Total |
| Program Services | 31976 | ProgramServices |
| Management And General | 2895 | ManagementAndGeneral |
| Fundraising | 812 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10151 | Total |
| Program Services | 9096 | ProgramServices |
| Management And General | 824 | ManagementAndGeneral |
| Fundraising | 231 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 224023 | Total |
| Program Services | 200752 | ProgramServices |
| Management And General | 18178 | ManagementAndGeneral |
| Fundraising | 5093 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 63632 | Total |
| Program Services | 57022 | ProgramServices |
| Management And General | 5163 | ManagementAndGeneral |
| Fundraising | 1447 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 109398 | Total |
| Program Services | 98034 | ProgramServices |
| Management And General | 8877 | ManagementAndGeneral |
| Fundraising | 2487 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 45326 | Total |
| Program Services | 40617 | ProgramServices |
| Management And General | 3678 | ManagementAndGeneral |
| Fundraising | 1031 | Fundraising |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| Class Trip Expense | 94534 | 94534 | 0 | 0 |
| Instructional Materials | 70672 | 70672 | 0 | 0 |
| Electives/Clubs | 55991 | 55991 | 0 | 0 |
| Athletic Department | 55966 | 55966 | 0 | 0 |
| Parent-Teacher Fellowship | 42908 | 28306 | 2564 | 12038 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 119126 | Total |
| Program Services | 101738 | ProgramServices |
| Management And General | 6144 | ManagementAndGeneral |
| Fundraising | 11244 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3099863 | Total |
| Program Services | 2802820 | ProgramServices |
| Management And General | 219200 | ManagementAndGeneral |
| Fundraising | 77843 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 36405 | BOY |
| EOY | 178837 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 194857 | BOY |
| EOY | 213255 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 31903 | BOY |
| EOY | 16930 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26627 | BOY |
| EOY | 4859 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 3261467 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 732797 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1989647 | BOY |
| EOY | 2528670 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2279439 | BOY |
| EOY | 2942551 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 258018 | BOY |
| EOY | 244111 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 250824 | BOY |
| EOY | 183024 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 9730 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 793986 | BOY |
| EOY | 998198 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 13934 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1302828 | BOY |
| EOY | 1448997 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 910888 | BOY |
| EOY | 1329921 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 65723 | BOY |
| EOY | 163633 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 976611 | BOY |
| EOY | 1493554 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2279439 | BOY |
| EOY | 2942551 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 | 1044460 | OtherCostOrOtherBasis |
| Book Value | 1044460 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1946017 | OtherCostOrOtherBasis |
| Depreciation | 606327 | Depreciation |
| Book Value | 1339690 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 61271 | OtherCostOrOtherBasis |
| Depreciation | 49926 | Depreciation |
| Book Value | 11345 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 209719 | OtherCostOrOtherBasis |
| Depreciation | 76544 | Depreciation |
| Book Value | 133175 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 2528670 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Funds Held for Student Activities | Description |
| Amount | $13,934 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 13934 | TotalOfAmounts |
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 |
| Pub Via Broadcast Media Expln | ADVERTISING AND PUBLISHED MATERIAL INCLUDES NONDISCRIMINATORY CLAUSE. | PubViaBroadcastMediaExpln |
| 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 |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | Spring Gala | NameOfEvent1 |
| Gross Receipts Event1 | 107979 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 24415 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 83564 | GrossRevenueEvent1 |
| Other Direct Expenses Event1 | 22543 | OtherDirectExpensesEvent1 |
| Gross Receipts Total | 107979 | GrossReceiptsTotal |
| Charitable Contributions Total | 24415 | CharitableContributionsTotal |
| Gross Revenue Total Events | 83564 | GrossRevenueTotalEvents |
| Other Direct Expenses Total Events | 22543 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 22543 | DirectExpenseSummaryEvents |
| Net Income Summary | 61021 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII (2 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant | Method Of ValuationMethodOfValuation | Description Of Non Cash AssistanceDescriptionOfNonCashAssistance |
|---|---|---|---|---|
| Scholarships | 11 | 59099 | FMV | None |
| Tuition Assistance | 7 | 27689 | FMV | None |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Pt I Line 2 | Identifier |
| Explanation | Veritas Christian Academy offers scholarship opportunities to students based on financial need. Recipients are selected by a committee of the Board of Trustees. The school also has donor specific scholarships for which the donor has established criteria. All scholarships are awarded on a non-discriminatory basis. | Explanation |
Schedule L IRS990ScheduleL
Loan Table LoanTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | MARK MUIR | NamePerson |
| Purpose Of Loan | Land purchase to expand school | PurposeOfLoan |
| Loan To Organization | X | LoanToOrganization |
| Original Principal | $50,000 | OriginalPrincipalAmount |
| Balance Due | 9730 | BalanceDue |
| Default | false | Default |
| Approved By Board | true | ApprovedByBoard |
| Written Agreement | true | WrittenAgreement |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 9730 | TotalBalanceDue |
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | MARK MUIR | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | Treasurer | Relationship |
| Amount Of Transaction | 618000 | AmountOfTransaction |
| Description Of Transaction | Land purchase for campus expansion-See note | DescriptionOfTransaction |
| Sharing Of Revenues | false | SharingOfRevenues |
Schedule M IRS990ScheduleM
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | true | ReviewProcessUnusualNCGifts |
| Third Parties Used | false | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 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 19 | Upon request. |