Veritas School
- Assets
- $3.9m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 44
- Location
- Newberg, OR
- Founding
- 07/1997
- Data as of
- 06/2022
- EIN
- 93-1222072
Organization Overview
Veritas School is located in Newberg, OR. The organization was established in 1997. 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 School employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Veritas School 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 School generated $2.3m 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 $2.0m during the year ending 06/2022. While expenses have increased by 2.7% 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
EDUCATION FOR STUDENTS IN GRADES K-12
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN A DISIPLINED/GOAL-ORIENTED ENVIRONMENT, THE ORGANIZATION PROVIDES OUTSTANDING PRIMARY AND SECONDARY EDUCATION (GRADE K-12) FOR APPROXIMATELY 250 STUDENTS DURING THE FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryan Lynch Head Of Upper School | Officer | 40 | $85,985 |
Todd Harris Head Of Lower School | Officer | 40 | $60,936 |
Marsha Ackerlund Business Manager | Officer | 40 | $52,025 |
Jeff Adams Head Of School | Officer | 40 | $6,500 |
Alex Crisan Chair | OfficerTrustee | 2.5 | $0 |
Robert Lattus Vice Chairman | OfficerTrustee | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $54,017 |
| Related organizations | $0 |
| Government grants | $249,325 |
| All other contributions, gifts, grants, and similar amounts not included above | $36,789 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $340,131 |
| Total Program Service Revenue | $1,872,158 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $236 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $61,711 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,275,326 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $122,174 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $205,446 |
| Compensation of current officers, directors, key employees. | $205,446 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $871,505 |
| Pension plan accruals and contributions | $19,379 |
| Other employee benefits | $202,492 |
| Payroll taxes | $82,751 |
| 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 | $16,152 |
| Advertising and promotion | $3,432 |
| Office expenses | $80,025 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $139,743 |
| Travel | $21,030 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $228 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $117,500 |
| Insurance | $943 |
| All other expenses | $0 |
| Total functional expenses | $1,975,702 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $596,090 |
| Savings and temporary cash investments | $784,237 |
| Pledges and grants receivable | $5,839 |
| 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 | $22,906 |
| Net Land, buildings, and equipment | $2,502,505 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $13,157 |
| Other assets | $0 |
| Total assets | $3,924,734 |
| Accounts payable and accrued expenses | $5,923 |
| Grants payable | $0 |
| Deferred revenue | $449,836 |
| 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 | $681,208 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,136,967 |
| Net assets without donor restrictions | $2,787,767 |
| 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 | $3,924,734 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Veritas School has recieved totaling $29,457.
| Awarding Organization | Amount |
|---|---|
Oregon Community Foundation Portland, OR PURPOSE: K12 Education | $16,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $7,500 |
The Avandia Foundation Wilmington, DE PURPOSE: $3000 FOR COMMUNITY BUILDING PROGRAMS, $2000 FOR LOW ROPES COURSE PROJECT | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $957 |
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 |
Oregonians For Online Education Inc Scio, OR | $4,402,348 | $19,081,202 |
Willows Community School Culver City, CA | $69,044,375 | $19,353,304 |
Head Start Of Lane County Springfield, OR | $2,527,429 | $16,579,600 |
Bellevue Christian School Clyde Hill, WA | $30,172,969 | $19,117,313 |
Hawking Steam Charter Schools Inc Chula Vista, CA | $87,803,315 | $18,115,527 |
Cascade Christian Schools Puyallup, WA | $24,414,305 | $18,312,938 |
Stem Preparatory Schools Inc Los Angeles, CA | $15,250,781 | $22,306,511 |