Veritas Christian Academy Inc
- Assets
- $142.1k
- Revenue
- $738.0k
- Investments
- $0.0
- Employees
- 22
- Location
- Augusta, NJ
- Founding
- 05/2002
- Data as of
- 06/2023
- EIN
- 22-3847447
Organization Overview
Veritas Christian Academy Inc is located in Augusta, NJ. The organization was established in 2002. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2023, Veritas Christian Academy Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Veritas Christian Academy Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Veritas Christian Academy Inc generated $738.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $848.0k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO TRAIN THE MINDS, DEVELOP THE CHRISTIAN CHARACTER, AND ENRICH THE SPIRITUAL LIVES OF IT'S STUDENTS THROUGH QUALITY ACADEMIC PROGRAMS AND EXTRA-CURRICULAR ACTIVITIES, AND TO GLORIFY GOD BY PRESENTING A BIBLICAL WORLD VIEW IN A CHRIST-CENTERED ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS DEVELOPING A CHRISTIAN SCHOOL WHICH TRAINS STUDENTS MINDS, DEVELOPS CHARACTER, AND ENRICHES SPIRITUAL LIVES THROUGH QUALITY ACADEMIC PROGRAMS AND EXTRA-CURRICULAR ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Thiessen President/treasurer | OfficerTrustee | 5 | $0 |
David Marine Vice President/secretary | OfficerTrustee | 5 | $0 |
David Vandergroef Project Development/facili | Trustee | 5 | $0 |
Dennis Dorrity Trustee | Trustee | 5 | $0 |
Paul Vicenti Trustee | Trustee | 5 | $0 |
Eric Wilson Treasurer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $75,247 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $92,454 |
| Noncash contributions included in lines 1a–1f | $60,839 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $167,701 |
| Total Program Service Revenue | $564,961 |
| Investment income | $305 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $738,014 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $96,925 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $97,320 |
| Compensation of current officers, directors, key employees. | $19,464 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $363,665 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $29,535 |
| Payroll taxes | $40,044 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,206 |
| Advertising and promotion | $5,269 |
| Office expenses | $11,043 |
| Information technology | $10,046 |
| Royalties | $0 |
| Occupancy | $96,873 |
| Travel | $763 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $955 |
| Insurance | $11,127 |
| All other expenses | $1,243 |
| Total functional expenses | $848,047 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,540 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,340 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $9,266 |
| Investments—publicly traded securities | $58,982 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $142,128 |
| Accounts payable and accrued expenses | $14,538 |
| Grants payable | $0 |
| Deferred revenue | $1,240 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $15,778 |
| Net assets without donor restrictions | $55,710 |
| Net assets with donor restrictions | $70,640 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $142,128 |