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Veritas Academy

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Elementary, Secondary Education, K - 12 (NTEE)

Donations to this organization are tax deductible.

Details

According to its June 2023 tax filing, this nonprofit:

Operated a school
Organization is a school. Details are reported on Schedule E.
Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$9.48M (2023)

Expenses
$8.1M (2023)

Total Assets
$21.7M (2023)

Total Liabilities
$12M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,480,000
Expenses
$8,100,758
Net Income
$1,379,242
Net Assets
$9,745,987
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,837,583
19.4%
Program Services $7,638,311
80.6%
Investment Income $4,086
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $20
0.0%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $505,555
6.2%
Professional Fundraising Fees $0
Other Salaries and Wages $3,639,793
44.9%
Assets/Debt
Total Assets $21,727,722
Total Liabilities $11,981,735
Net Assets $9,745,987
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Jef Fowler (Board Member/Trustee/Head Of School) $167,944 $0 $37,389
Starrla Fowler (Board Member/Trustee/School Head) $83,706 $0 $0
Elizabeth Hagood (Board Secretary) $15,422 $0 $0
Ellen Schuknecht (Trustee) $11,406 $0 $0
Molly Ingram (Board Member) $10,890 $0 $0
Andy Krone (Board Chair) $8,385 $0 $0
Clint Regen (Board Member) $3,761 $0 $0
Monica Scantlen (Board Member) $2,462 $0 $0
Buck Mclamb (Board Member) $1,750 $0 $0
Jordan Vimont (Board Member) $0 $0 $0
Adam Zimel (Board Member) $0 $0 $0
Norman Furley (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,504,873
Expenses
$7,165,302
Net Income
$339,571
Net Assets
$7,693,808
Notable Sources of Revenue Percent of Total Revenue
Contributions $223,421
3.0%
Program Services $7,264,085
96.8%
Investment Income $122
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $17,245
0.2%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $296,484
4.1%
Professional Fundraising Fees $0
Other Salaries and Wages $3,256,898
45.5%
Assets/Debt
Total Assets $19,478,165
Total Liabilities $11,784,357
Net Assets $7,693,808
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Jef Fowler (Head Of School/School Board) $140,328 $0 $23,004
Troy Schuknecht (Sr Head) $109,413 $0 $0
Starrla Fowler (School Board Member/Administrator) $85,313 $0 $0
Elizabeth Hagood (School Board Member/Teacher) $11,791 $0 $0
Ellen Schuknecht (Board Of Trustees Member) $10,061 $0 $0
Molly Ingram (School Board Member/Secretary) $9,012 $0 $0
Clint Regen (School Board Member/Teacher) $3,107 $0 $0
Andy Krone (School Board Chairman/Teacher) $417 $0 $0
Sharla De Frere (School Board/Treasurer) $0 $0 $0
Norman Furley (School Board Member) $0 $0 $0
Adam Zimel (School Board Member) $0 $0 $0
Jordan Vimont (School Board Member/Finance Chair) $0 $0 $0
Monica Scantlen (School Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,462,193
Expenses
$6,368,468
Net Income
$1,093,725
Net Assets
$7,354,237
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,006,791
13.5%
Program Services $6,398,330
85.7%
Investment Income $46
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$7,074
Sales of Assets $0
Net Inventory Sales $14,100
0.2%
Other Revenue $50,000
0.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $273,862
4.3%
Professional Fundraising Fees $0
Other Salaries and Wages $2,857,715
44.9%
Assets/Debt
Total Assets $19,003,336
Total Liabilities $11,649,099
Net Assets $7,354,237
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Jef Fowler (Head Of School/School Board Member) $138,953 $0 $21,464
Starrla Fowler (School Board Member/Administrator) $75,161 $0 $0
Molly Ingram (School Board Member/Secretary/Staff) $10,378 $0 $0
Ellen Schuknecht (Board Of Trustees Member) $10,045 $0 $0
Elizabeth Hagood (School Board Member/Teacher) $9,798 $0 $0
Clint Regen (School Board Member/Teacher) $3,337 $0 $0
Andy Krone (School Board Chairman/Teacher) $325 $0 $0
Sharla De Frere (School Board/Treasurer) $0 $0 $0
Norman Furley (School Board Member) $0 $0 $0
Adam Zimel (School Board Member) $0 $0 $0
Bill Peckman (School Board Member (Ended 12/31/20)) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,688,437
Expenses
$6,227,480
Net Income
-$539,043
Net Assets
$6,260,512
Notable Sources of Revenue Percent of Total Revenue
Contributions $313,970
5.5%
Program Services $5,300,613
93.2%
Investment Income $1,817
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $59,743
1.1%
Net Inventory Sales $12,294
0.2%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $253,547
4.1%
Professional Fundraising Fees $0
Other Salaries and Wages $2,762,762
44.4%
Assets/Debt
Total Assets $18,834,548
Total Liabilities $12,574,036
Net Assets $6,260,512
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Jef Fowler (Head Of School/School Boar) $138,278 $0 $30,369
Starrla Fowler (Principal/School Board Mem) $74,789 $0 $0
Molly Ingram (School Board Member) $13,897 $0 $0
Christi Wilson (Secretary/School Board Mem) $11,807 $0 $0
Andy Krone (School Board Member) $216 $0 $0
Josh Wheelock (School Board Vp/Treasurer) $0 $0 $0
Jordan Vimont (School Board Chairman) $0 $0 $0
Sharla De Frere (School Board Member) $0 $0 $0
Bill Peckman (School Board Member) $0 $0 $0
Norman Furley (School Board Member) $0 $0 $0
Adam Zimel (School Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,541,481
Expenses
$6,008,684
Net Income
-$467,203
Net Assets
$6,799,555
Notable Sources of Revenue Percent of Total Revenue
Contributions $180,883
3.3%
Program Services $5,345,978
96.5%
Investment Income $798
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $13,822
0.2%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $244,770
4.1%
Professional Fundraising Fees $0
Other Salaries and Wages $2,631,488
43.8%
Assets/Debt
Total Assets $19,122,198
Total Liabilities $12,322,643
Net Assets $6,799,555
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Jef Fowler (Head Of School/School Board Member) $138,140 $0 $40,346
Starrla Fowler (Principal/School Board Member) $74,099 $0 $0
Christi Wilson (Secretary/School Board Member) $13,397 $0 $0
Andy Krone (School Board Member) $13,200 $0 $0
Josh Wheelock (School Board Vp/Treasurer) $0 $0 $0
Jordan Vimont (School Board Chairman) $0 $0 $0
Sharla De Frere (School Board Member) $0 $0 $0
Bill Peckman (School Board Member) $0 $0 $0
Molly Ingram (School Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,401,493
Expenses
$4,975,209
Net Income
$426,284
Net Assets
$7,266,758
Notable Sources of Revenue Percent of Total Revenue
Contributions $226,322
4.2%
Program Services $5,149,215
95.3%
Investment Income $959
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $6,951
0.1%
Net Inventory Sales $14,634
0.3%
Other Revenue $3,412
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $297,247
6.0%
Professional Fundraising Fees $0
Other Salaries and Wages $2,545,280
51.2%
Assets/Debt
Total Assets $19,229,923
Total Liabilities $11,963,165
Net Assets $7,266,758
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Jef Fowler (Head Of School/School Boar) $136,350 $0 $40,568
Starrla Fowler (School Board Member) $71,487 $0 $0
Andy Krone (School Board Member) $20,904 $0 $0
Christi Wilson (Secretary/School Board Mem) $20,083 $0 $0
Josh Wheelock (School Board Vp/Treasurer) $0 $0 $0
Jordan Vimont (School Board President) $0 $0 $0
Sharla De Frere (School Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,258,571
Expenses
$4,679,538
Net Income
$2,579,033
Net Assets
$6,840,474
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,207,310
30.4%
Program Services $5,032,449
69.3%
Investment Income $2,196
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $12
0.0%
Net Inventory Sales $13,102
0.2%
Other Revenue $3,502
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $280,000
6.0%
Professional Fundraising Fees $0
Other Salaries and Wages $2,477,742
52.9%
Assets/Debt
Total Assets $11,137,492
Total Liabilities $4,297,018
Net Assets $6,840,474
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Jef Fowler (Head Of School/School Boar) $127,500 $0 $37,085
Starrla Fowler (School Board Member) $68,782 $0 $0
Andy Krone Began Jan 2017 (School Board Member) $16,407 $0 $0
Christi Wilson (Secretary/School Board Mem) $14,363 $0 $0
Josh Wheelock (School Board Vp/Treasurer) $0 $0 $0
Jordan Vimont (School Board President) $0 $0 $0
Susan Sprouse Ended Mar 2017 (School Board Member) $0 $0 $0
Scott Elequin Ended Dec 2016 (School Board Member) $0 $0 $0
Sharla De Frere Began Jan 2017 (School Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,423,217
Expenses
$4,415,641
Net Income
$2,007,576
Net Assets
$4,261,441
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,043,516
31.8%
Program Services $4,359,411
67.9%
Investment Income $316
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$290
Net Inventory Sales $11,451
0.2%
Other Revenue $8,813
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $215,262
4.9%
Professional Fundraising Fees $0
Other Salaries and Wages $2,309,877
52.3%
Assets/Debt
Total Assets $7,922,148
Total Liabilities $3,660,707
Net Assets $4,261,441
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Jef Fowler (Head Of School/School Board Member) $96,682 $0 $41,102
Starrla Fowler (School Board Member) $55,825 $0 $0
Christi Wilson (Secretary/School Board Member) $6,084 $0 $0
Josh Wheelock (School Board Vp/Treasurer) $0 $0 $0
Jordan Vimont (School Board President) $0 $0 $0
Susan Sprouse (School Board Member) $0 $0 $0
Scott Elequin (School Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,743,782
Expenses
$3,755,429
Net Income
-$11,647
Net Assets
$2,253,865
Notable Sources of Revenue Percent of Total Revenue
Contributions $72,600
1.9%
Program Services $3,656,371
97.7%
Investment Income $349
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $95
0.0%
Net Fundraising $0
Sales of Assets -$167
Net Inventory Sales $5,588
0.1%
Other Revenue $8,946
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $199,725
5.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,910,654
50.9%
Assets/Debt
Total Assets $5,803,279
Total Liabilities $3,549,414
Net Assets $2,253,865
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Jef Fowler (Head Of School/School Board Member) $87,204 $0 $37,722
Starrla Fowler (School Board Member) $50,850 $0 $0
Christi Wilson (Secretary/School Board Member) $4,685 $0 $0
Josh Wheelock (School Board Vp/Treasurer) $0 $0 $0
Jordan Vimont (School Board President) $0 $0 $0
Susan Sprouse (School Board Member) $0 $0 $0
Scott Elequin (School Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,356,501
Expenses
$3,281,082
Net Income
$75,419
Net Assets
$2,283,413
Notable Sources of Revenue Percent of Total Revenue
Contributions $241,708
7.2%
Program Services $3,075,126
91.6%
Investment Income $801
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $23,131
0.7%
Net Fundraising -$2,458
Sales of Assets -$145
Net Inventory Sales $3,586
0.1%
Other Revenue $3,481
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $162,965
5.0%
Professional Fundraising Fees $0
Other Salaries and Wages $1,790,421
54.6%
Assets/Debt
Total Assets $5,691,910
Total Liabilities $3,408,497
Net Assets $2,283,413
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Jef Fowler (Head Of School/School Boar) $75,702 $0 $38,298
Starrla Fowler (School Board Member) $41,107 $0 $0
Christi Wilson (Secretary/School Board Mem) $2,183 $0 $0
Josh Wheelock (School Board Vp/Treasurer) $0 $0 $0
Jordan Vimont (School Board President) $0 $0 $0
Susan Sprouse (School Board Member) $0 $0 $0
Scott Elequin (School Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,568,834
Expenses
$2,945,060
Net Income
$1,623,774
Net Assets
$2,207,994
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,758,881
38.5%
Program Services $2,745,821
60.1%
Investment Income $1,210
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $19,957
0.4%
Net Fundraising $21,430
0.5%
Sales of Assets $19,885
0.4%
Net Inventory Sales -$4,844
Other Revenue $6,494
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $138,952
4.7%
Professional Fundraising Fees $0
Other Salaries and Wages $1,679,936
57.0%
Assets/Debt
Total Assets $5,661,569
Total Liabilities $3,453,575
Net Assets $2,207,994

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,713,854
Expenses
$2,763,241
Net Income
-$49,387
Net Assets
$584,219
Notable Sources of Revenue Percent of Total Revenue
Contributions $95,069
3.5%
Program Services $2,541,250
93.6%
Investment Income $3,569
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $18,287
0.7%
Net Fundraising $39,702
1.5%
Sales of Assets $0
Net Inventory Sales $11,627
0.4%
Other Revenue $4,350
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $75,574
2.7%
Professional Fundraising Fees $0
Other Salaries and Wages $1,602,214
58.0%
Assets/Debt
Total Assets $1,677,996
Total Liabilities $1,093,777
Net Assets $584,219

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,214,334
Expenses
$2,217,149
Net Income
-$2,815
Net Assets
$633,606
Notable Sources of Revenue Percent of Total Revenue
Contributions $54,876
2.5%
Program Services $2,078,980
93.9%
Investment Income $4,076
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $19,410
0.9%
Net Fundraising $48,507
2.2%
Sales of Assets $0
Net Inventory Sales $5,005
0.2%
Other Revenue $3,480
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $112,310
5.1%
Professional Fundraising Fees $7,129
0.3%
Other Salaries and Wages $1,301,101
58.7%
Assets/Debt
Total Assets $1,730,867
Total Liabilities $1,097,261
Net Assets $633,606

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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