Veritas Classes Inc
- Assets
- $10.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Elon, NC
- Founding
- 09/2019
- Data as of
- 06/2023
- EIN
- 81-2207835
Organization Overview
Veritas Classes Inc is located in Elon, NC. The organization was established in 2019. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Veritas Classes 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 Classes Inc generated $80.9k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $80.6k during the year ending 06/2023. While expenses have increased by 6.8% per year over the past 3 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
VERITAS CLASSES INC SERVES ON AVERAGE 100 STUDENTS PER YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Morton Chairman | 1 | $0 | |
Casey Morton Secretary | 1 | $0 | |
Ben Duckett Treasurer | 1 | $0 | |
Gina Duckett Board Member | 1 | $0 | |
Cindy Fox Board Memeber | 1 | $0 | |
Nicole Walker Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $80,948 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $80,948 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $61,987 |
| Professional fees and other payments to independent contractors | $3,905 |
| Occupancy, rent, utilities, and maintenance | $1,200 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $13,529 |
| Total expenses | $80,621 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $10,005 |
| Other assets | $0 |
| Total assets | $10,005 |
| Total liabilities | $0 |
| Net assets or fund balances | $10,005 |