Veritas Acadamy Of Tucson
- Assets
- $331.1k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 63
- Location
- Tucson, AZ
- Founding
- 03/2009
- Data as of
- 07/2022
- EIN
- 26-2546349
Organization Overview
Veritas Acadamy Of Tucson is located in Tucson, AZ. The organization was established in 2009. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 07/2022, Veritas Acadamy Of Tucson employed 63 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Veritas Acadamy Of Tucson 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 07/2022, Veritas Acadamy Of Tucson generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.4% each year . All expenses for the organization totaled $1.1m during the year ending 07/2022. While expenses have increased by 16.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PRIVATE CHRISTIAN SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATING A PRIVATE CHRISTIAN SCHOOL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Christie Director | Trustee | 5 | $0 |
David Collins Vice President | Officer | 5 | $0 |
Tim Sheaffer Director | Trustee | 5 | $0 |
Meghan Collins Director | Trustee | 5 | $0 |
Dave Collins Director | Trustee | 5 | $0 |
Christy Christie Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $181,962 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $181,962 |
| Total Program Service Revenue | $974,624 |
| Investment income | $0 |
| 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 | $1,156,586 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $749,455 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $20,057 |
| Payroll taxes | $63,224 |
| 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 | $8,106 |
| Advertising and promotion | $2,782 |
| Office expenses | $6,441 |
| Information technology | $2,289 |
| Royalties | $0 |
| Occupancy | $60,118 |
| Travel | $0 |
| 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 | $1,027 |
| Insurance | $7,971 |
| All other expenses | $31,383 |
| Total functional expenses | $1,091,530 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $264,438 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $66,650 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $331,088 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $90,683 |
| 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 | $35,803 |
| Total liabilities | $126,486 |
| Net assets without donor restrictions | $174,001 |
| Net assets with donor restrictions | $30,601 |
| 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 | $331,088 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Veritas Acadamy Of Tucson has recieved totaling $11,118.
| Awarding Organization | Amount |
|---|---|
United Way Of Tucson And Southern Arizona Inc Tucson, AZ PURPOSE: GENERAL USE | $10,791 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $327 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Synergy Academies Los Angeles, CA | $22,403,920 | $21,618,793 |
San Diego Jewish Academy San Diego, CA | $60,657,178 | $18,702,706 |
Curtis School Foundation Los Angeles, CA | $75,927,733 | $19,348,920 |
Excel Academy Charter Schools San Marcos, CA | $11,403,735 | $18,058,297 |
Le Lycee Francais De Los Angeles Los Angeles, CA | $97,517,378 | $23,043,510 |
Willows Community School Culver City, CA | $69,044,375 | $19,353,304 |
Association Of Christian Schools International Colorado Springs, CO | $18,742,731 | $17,834,465 |
Hawking Steam Charter Schools Inc Chula Vista, CA | $87,803,315 | $18,115,527 |
Stem Preparatory Schools Inc Los Angeles, CA | $15,250,781 | $22,306,511 |
San Jacinto Valley Academy Inc San Jacinto, CA | $34,100,540 | $18,923,540 |
Educational Enrichment Systems Inc San Diego, CA | $11,058,337 | $15,963,702 |
Drew School San Francisco, CA | $38,712,933 | $16,113,133 |