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Veritas International University

Veritas Evangelical Seminary

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: Religion-Related, Spiritual Development / Christian (NTEE)

Donations to this organization are tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Operated a school
Organization is a school. Details are reported on Schedule E.

Summary charts: organization finances over time

Revenue
$486k (2023)

Expenses
$519k (2023)

Total Assets
$313k (2023)

Total Liabilities
$4.04k (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 Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$485,841
Expenses
$519,158
Net Income
-$33,317
Net Assets
$308,690
Notable Sources of Revenue Percent of Total Revenue
Contributions $263,760
54.3%
Program Services $217,942
44.9%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $4,139
0.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $32,400
6.2%
Professional Fundraising Fees $0
Other Salaries and Wages $188,796
36.4%
Assets/Debt
Total Assets $312,725
Total Liabilities $4,035
Net Assets $308,690
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Joe Holden (President) $32,400 $0 $0
Dave Shirley (Secretary) $0 $0 $0
Brian Nixon (Director) $0 $0 $0
Luman Wing (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$548,281
Expenses
$565,821
Net Income
-$17,540
Net Assets
$342,007
Notable Sources of Revenue Percent of Total Revenue
Contributions $44,199
8.1%
Program Services $301,578
55.0%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $202,504
36.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $88,850
15.7%
Professional Fundraising Fees $0
Other Salaries and Wages $172,962
30.6%
Assets/Debt
Total Assets $342,167
Total Liabilities $160
Net Assets $342,007
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Pastor Brian Broderson (Chairman) $0 $0 $0
Joe Holden (President) $0 $0 $0
Dave Shirley (Secretary) $0 $0 $0
Brian Nixon (Director) $0 $0 $0
John Cook (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$605,574
Expenses
$556,299
Net Income
$49,275
Net Assets
$395,425
Notable Sources of Revenue Percent of Total Revenue
Contributions $230,953
38.1%
Program Services $372,061
61.4%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,560
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $36,330
6.5%
Professional Fundraising Fees $0
Other Salaries and Wages $228,016
41.0%
Assets/Debt
Total Assets $395,426
Total Liabilities $1
Net Assets $395,425
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Pastor Brian Broderson (Chairman) $0 $0 $0
Joe Holden (President) $0 $0 $0
Dave Shirley (Secretary) $0 $0 $0
Brian Nixon (Director) $0 $0 $0
John Cook (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$458,712
Expenses
$488,385
Net Income
-$29,673
Net Assets
$306,683
Notable Sources of Revenue Percent of Total Revenue
Contributions $99,038
21.6%
Program Services $359,273
78.3%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $401
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $133,073
27.2%
Professional Fundraising Fees $0
Other Salaries and Wages $76,188
15.6%
Assets/Debt
Total Assets $346,503
Total Liabilities $39,820
Net Assets $306,683
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Joe Holden (President) $88,673 $0 $44,400
Pastor Brian Broderson (Chairman) $0 $0 $0
Dave Shirley (Secretary) $0 $0 $0
Brian Nixon (Director) $0 $0 $0
John Cook (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$701,918
Expenses
$522,405
Net Income
$179,513
Net Assets
$336,356
Notable Sources of Revenue Percent of Total Revenue
Contributions $457,210
65.1%
Program Services $244,645
34.9%
Investment Income $50
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $13
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $87,121
16.7%
Professional Fundraising Fees $0
Other Salaries and Wages $93,763
17.9%
Assets/Debt
Total Assets $337,076
Total Liabilities $720
Net Assets $336,356
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Joe Holden (President) $46,779 $0 $40,342
Pastor Brian Broderson (Chairman) $0 $0 $0
Dave Shirley (Secretary) $0 $0 $0
Brian Nixon (Director) $0 $0 $0
John Cook (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$370,194
Expenses
$378,626
Net Income
-$8,432
Net Assets
$156,843
Notable Sources of Revenue Percent of Total Revenue
Contributions $100,816
27.2%
Program Services $257,029
69.4%
Investment Income $306
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $12,043
3.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $59,462
15.7%
Professional Fundraising Fees $0
Other Salaries and Wages $118,842
31.4%
Assets/Debt
Total Assets $160,312
Total Liabilities $3,469
Net Assets $156,843

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$321,956
Expenses
$328,363
Net Income
-$6,407
Net Assets
$165,275
Notable Sources of Revenue Percent of Total Revenue
Contributions $101,798
31.6%
Program Services $220,034
68.3%
Investment Income $124
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $37,793
11.5%
Professional Fundraising Fees $0
Other Salaries and Wages $112,566
34.3%
Assets/Debt
Total Assets $175,786
Total Liabilities $10,511
Net Assets $165,275

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$469,032
Expenses
$335,790
Net Income
$133,242
Net Assets
$171,682
Notable Sources of Revenue Percent of Total Revenue
Contributions $253,750
54.1%
Program Services $215,279
45.9%
Investment Income $3
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $32,060
9.5%
Professional Fundraising Fees $0
Other Salaries and Wages $140,222
41.8%
Assets/Debt
Total Assets $184,602
Total Liabilities $12,920
Net Assets $171,682

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$294,843
Expenses
$299,846
Net Income
-$5,003
Net Assets
$38,440
Notable Sources of Revenue Percent of Total Revenue
Contributions $71,663
24.3%
Program Services $223,129
75.7%
Investment Income $51
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $24,358
8.1%
Professional Fundraising Fees $0
Other Salaries and Wages $103,634
34.6%
Assets/Debt
Total Assets $77,369
Total Liabilities $38,929
Net Assets $38,440
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Joseph M Holden (President & Ceo) $23,558 $0 $0
Brian Brodersen (Chairman) $0 $0 $0
David Shirley (Secretary) $0 $0 $0
Paul Gracey (Treasurer) $0 $0 $0
John Cook (Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$267,295
Expenses
$300,762
Net Income
-$33,467
Net Assets
$43,443
Notable Sources of Revenue Percent of Total Revenue
Contributions $83,170
31.1%
Program Services $184,125
68.9%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $24,418
8.1%
Professional Fundraising Fees $0
Other Salaries and Wages $108,279
36.0%
Assets/Debt
Total Assets $61,470
Total Liabilities $18,027
Net Assets $43,443
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Joseph M Holden (President & Ceo) $24,418 $0 $0
Brian Brodersen (Chairman) $0 $0 $0
David Shirley (Secretary) $0 $0 $0
Paul Gracey (Treasurer) $0 $0 $0
John Cook (Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$312,095
Expenses
$283,503
Net Income
$28,592
Net Assets
$76,910
Notable Sources of Revenue Percent of Total Revenue
Contributions $74,097
23.7%
Program Services $237,998
76.3%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $12,994
4.6%
Professional Fundraising Fees $0
Other Salaries and Wages $84,754
29.9%
Assets/Debt
Total Assets $85,731
Total Liabilities $8,821
Net Assets $76,910
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Joseph M Holden (Ceo) $12,994 $0 $0
Brian Brodersen (Chairman) $0 $0 $0
David Shirley (Secretary) $0 $0 $0
Paul Gracey (Treasurer) $0 $0 $0
John Cook (Member) $0 $0 $0
Don Stewart (Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$265,345
Expenses
$301,847
Net Income
-$36,502
Net Assets
$48,318
Notable Sources of Revenue Percent of Total Revenue
Contributions $95,699
36.1%
Program Services $169,638
63.9%
Investment Income $8
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $10,028
3.3%
Professional Fundraising Fees $0
Other Salaries and Wages $113,503
37.6%
Assets/Debt
Total Assets $55,371
Total Liabilities $7,053
Net Assets $48,318

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$320,962
Expenses
$270,512
Net Income
$50,450
Net Assets
$84,820
Notable Sources of Revenue Percent of Total Revenue
Contributions $208,501
65.0%
Program Services $111,345
34.7%
Investment Income $5
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,111
0.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $4,907
1.8%
Professional Fundraising Fees $0
Other Salaries and Wages $91,637
33.9%
Assets/Debt
Total Assets $94,108
Total Liabilities $9,288
Net Assets $84,820

Document Links

Fiscal Year Ending Dec.
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 Dec.
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

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

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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