Veritas Classical Christian Academy
- Assets
- $1.4k
- Revenue
- $175.7k
- Investments
- $0.0
- Employees
- 18
- Location
- Hobbs, NM
- Founding
- 02/2013
- Data as of
- 06/2022
- EIN
- 45-3187560
Organization Overview
Veritas Classical Christian Academy is located in Hobbs, NM. The organization was established in 2013. 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 06/2022, Veritas Classical Christian Academy employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Veritas Classical Christian Academy 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 06/2022, Veritas Classical Christian Academy generated $175.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $209.9k during the year ending 06/2022. While expenses have increased by 6.4% 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
THE MISSION OF VERITAS CLASSICAL CHRISTIAN ACADEMY, INC. IS TO STRENGTHEN FAMILIES BY PARTNERING WITH PARENTS TO PROVIDE A CLASSICAL EDUCATION BASED ON A BIBLICAL WORLDVIEW. OUR GOAL IS TO EQUIP STUDENTS TO ENTER A LIFELONG PURSUIT OF KNOWLEDGE, WISDOM, AND UNDERSTANDING IN THEIR PURPOSEFUL AND PASSIONATE SERVICE OF JESUS CHRIST. VERITAS CLASSICAL CHRISTIAN ACADEMY, INC. EMPLOYS THE UNIVERSITY-MODEL APPROACH THAT COMBINES PROFESSIONAL CLASSROOM INSTRUCTION WITH PARENT GUIDED STUDY TO ACHIEVE A COLLEGE PREPARATORY LEVEL OF ACADEMIC AND SPIRITUAL EXCELLENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VERITAS CHRISTIAN ACADEMY SERVED 37 STUDENTS AND EMPLOYED 15 TEACHERS DURING THE YEAR. STUDENTS CONTINUTED TO GROW IN THEIR KNOWLEDGE AND SERVICE. STUDENTS WERE ACTIVE IN THE COMMUNITY AND WORKED ON A VARIETY OF SERVICE LEARNING OPPORTUNITIES INCLUDING THE LOCAL SOUP KITCHEN, NURSING HOMES, AND ROTARY CLUB.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig T Bova President | OfficerTrustee | 1 | $0 |
Kent L Waldrop Vice President | OfficerTrustee | 0.5 | $0 |
Lori Bova Secretary/treasurer | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $7,708 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $53,501 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $61,209 |
| Total Program Service Revenue | $114,448 |
| 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 | $175,657 |
| 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 | $163,668 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,209 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $180 |
| 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 | $5,256 |
| Advertising and promotion | $399 |
| Office expenses | $4,453 |
| Information technology | $874 |
| Royalties | $0 |
| Occupancy | $11,796 |
| 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 | $160 |
| Insurance | $1,868 |
| All other expenses | $434 |
| Total functional expenses | $209,878 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$17 |
| 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 | $1,019 |
| Prepaid expenses and deferred charges | $18 |
| Net Land, buildings, and equipment | $383 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,403 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $6,172 |
| Total liabilities | $6,172 |
| Net assets without donor restrictions | -$4,769 |
| Net assets with donor restrictions | $0 |
| 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 | $1,403 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Veritas Classical Christian Academy has recieved totaling $22,770.
| Awarding Organization | Amount |
|---|---|
Stevan & Cynthia Pearce Charitable Foundation Hobbs, NM PURPOSE: GENERAL SUPPORT | $22,770 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kinkaid School Inc Houston, TX | $122,042,370 | $52,090,713 |
St Johns School Houston, TX | $423,318,238 | $58,605,665 |
Hockaday School Dallas, TX | $327,432,445 | $61,281,462 |
Trinity Basin Preparatory Inc Grand Prairie, TX | $147,305,445 | $57,426,553 |
Greenhill School Addison, TX | $147,490,301 | $53,613,950 |
St Marks School Of Texas Dallas, TX | $307,638,954 | $39,530,532 |
Tlc Academy San Angelo, TX | $61,295,304 | $42,259,776 |
Episcopal School Of Dallas Inc Dallas, TX | $115,874,541 | $40,283,303 |
John Cooper School The Woodlands, TX | $108,804,128 | $40,380,579 |
Leman Academy Of Excellence Inc Tucson, AZ | $127,912,652 | $38,356,100 |
Fort Worth Country Day School Inc Fort Worth, TX | $119,263,068 | $39,582,011 |
Faith Family Kids Inc Desoto, TX | $30,662,985 | $39,123,210 |