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Veritas Preparatory Academy

Veritas Prep

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 (B29) (NTEE)

Donations to this organization are tax deductible.

Details

According to its June 2022 tax filing, this nonprofit:

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

Summary charts: organization finances over time

Revenue
$8.97M (2022)

Expenses
$8.68M (2022)

Total Assets
$2.63M (2022)

Total Liabilities
$600k (2022)

Source: Form 990 tax filings from 2011 to 2022

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
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,971,081
Expenses
$8,675,063
Net Income
$296,018
Net Assets
$2,033,288
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,249,171
13.9%
Program Services $7,187,140
80.1%
Investment Income $6,177
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $61,050
0.7%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $467,543
5.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $105,911
1.2%
Professional Fundraising Fees $0
Other Salaries and Wages $3,881,667
44.7%
Assets/Debt
Total Assets $2,633,373
Total Liabilities $600,085
Net Assets $2,033,288
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Robert Mulhern (President) $0 $0 $0
Philip Tirone (Vice Preside) $0 $0 $0
Diane Bishop (Secretary) $0 $0 $0
Christofer Pereyra (Director) $0 $0 $0
Heather Washburn (Headmaster) $0 $103,551 $2,360

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,349,052
Expenses
$8,007,503
Net Income
$341,549
Net Assets
$1,802,816
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,325,064
15.9%
Program Services $6,868,488
82.3%
Investment Income $111
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $25,495
0.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $129,894
1.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $100,852
1.3%
Professional Fundraising Fees $0
Other Salaries and Wages $3,698,907
46.2%
Assets/Debt
Total Assets $2,460,439
Total Liabilities $657,623
Net Assets $1,802,816
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Robert Mulhern (President) $0 $0 $0
Philip Tirone (Vice Preside) $0 $0 $0
Diane Bishop (Secretary) $0 $0 $0
Christofer Pereyra (Director) $0 $0 $0
Heather Washburn (Headmaster) $0 $98,780 $2,072

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,837,271
Expenses
$7,826,376
Net Income
$10,895
Net Assets
$1,431,962
Notable Sources of Revenue Percent of Total Revenue
Contributions $886,075
11.3%
Program Services $6,734,184
85.9%
Investment Income $70
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $14,280
0.2%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $202,662
2.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $96,149
1.2%
Professional Fundraising Fees $0
Other Salaries and Wages $3,473,852
44.4%
Assets/Debt
Total Assets $2,004,453
Total Liabilities $572,491
Net Assets $1,431,962
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Heather Washburn (Headmaster) $0 $93,745 $2,404
Diane Bishop (Secretary) $0 $0 $0
Karen Williams (Vice Preside) $0 $0 $0
Robert Mulhern (President) $0 $0 $0
Philip Tirone (Director) $0 $0 $0
Cristofer Pereyra (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,455,471
Expenses
$7,435,482
Net Income
$19,989
Net Assets
$1,405,754
Notable Sources of Revenue Percent of Total Revenue
Contributions $982,553
13.2%
Program Services $6,124,563
82.1%
Investment Income $214
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $22,946
0.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $325,195
4.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $108,070
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $3,291,904
44.3%
Assets/Debt
Total Assets $2,021,692
Total Liabilities $615,938
Net Assets $1,405,754
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Jake Tawney (Director) $0 $0 $0
Shannon Clancy (Director) $0 $0 $0
Samir Sawhney (Director) $0 $0 $0
David Dean (Headmaster) $0 $108,070 $11,420
Paul Weinhold (Director) $0 $0 $0
Amy Hall (Secretary) $0 $0 $0
Thomas Knoell (Vice Preside) $0 $0 $0
David Denton (President) $0 $0 $0
Mary Frances Jeffries (Director) $0 $0 $0
Curtis Fee (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,905,488
Expenses
$6,918,729
Net Income
-$13,241
Net Assets
$1,369,024
Notable Sources of Revenue Percent of Total Revenue
Contributions $890,242
12.9%
Program Services $5,781,144
83.7%
Investment Income $8,899
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $46,071
0.7%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $179,132
2.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $114,600
1.7%
Professional Fundraising Fees $0
Other Salaries and Wages $3,150,677
45.5%
Assets/Debt
Total Assets $1,810,469
Total Liabilities $441,445
Net Assets $1,369,024
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Jake Tawney (Director) $0 $0 $0
Shannon Clancy (Director) $0 $0 $0
Samir Sawhney (Director) $0 $0 $0
David Dean (Headmaster) $0 $105,510 $9,090
Paul Weinhold (Director) $0 $0 $0
Amy Hall (Secretary) $0 $0 $0
Thomas Knoell (Vice Preside) $0 $0 $0
David Denton (President) $0 $0 $0
Mary Frances Jeffries (Director) $0 $0 $0
Curtis Fee (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,618,591
Expenses
$6,554,428
Net Income
$64,163
Net Assets
$1,381,520
Notable Sources of Revenue Percent of Total Revenue
Contributions $791,988
12.0%
Program Services $5,636,351
85.2%
Investment Income $3,420
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $26,881
0.4%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $159,951
2.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $128,233
2.0%
Professional Fundraising Fees $0
Other Salaries and Wages $3,031,259
46.2%
Assets/Debt
Total Assets $1,743,395
Total Liabilities $361,875
Net Assets $1,381,520
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Jake Tawney (President) $0 $0 $0
Shannon Clancy (Vice Preside) $0 $0 $0
Samir Sawhney (Secretary) $0 $0 $0
David Dean (Headmaster) $0 $118,430 $9,803
Paul Weinhold (Director) $0 $0 $0
Amy Hall (Director) $0 $0 $0
Thomas Knoell (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,606,751
Expenses
$6,157,039
Net Income
$449,712
Net Assets
$1,310,099
Notable Sources of Revenue Percent of Total Revenue
Contributions $850,283
12.9%
Program Services $5,638,112
85.3%
Investment Income $13
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $36,378
0.6%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $81,965
1.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $135,661
2.2%
Professional Fundraising Fees $0
Other Salaries and Wages $2,882,599
46.8%
Assets/Debt
Total Assets $1,776,022
Total Liabilities $465,923
Net Assets $1,310,099
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Robert Mulhern (President) $0 $0 $0
Amy Hall (Vice Preside) $0 $0 $0
Amanda Shearer (Secretary) $0 $0 $0
David Dean (Headmaster) $0 $0 $0
Douglas Minson (Past Headmas) $0 $126,499 $9,162
Jake Tawney (Director) $0 $0 $0
Andrew Ellison (Director) $0 $0 $0
Shannon Clancy (Director) $0 $0 $0
Samir Sawhney (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,054,967
Expenses
$5,681,301
Net Income
$373,666
Net Assets
$860,387
Notable Sources of Revenue Percent of Total Revenue
Contributions $755,411
12.5%
Program Services $5,292,448
87.4%
Investment Income $11
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $6,091
0.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $1,006
0.0%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $2,817,915
49.6%
Assets/Debt
Total Assets $1,364,808
Total Liabilities $504,421
Net Assets $860,387
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Helen Hayes (Director) $0 $116,500 $8,801
Jay Heiler (Director) $0 $101,029 $0
Samir Sawhney (Director) $0 $0 $0
Andrew Ellison (Director) $0 $126,307 $2,268
Shannon Clancy (Vice President) $0 $0 $0
Amy Hall (Secretary) $0 $0 $0
Robert J Mulhern (President) $0 $0 $0
Douglas Minson (Headmaster) $0 $109,340 $0
Ward Huseth (Cfo) $0 $188,551 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,945,473
Expenses
$5,610,163
Net Income
$335,310
Net Assets
$486,721
Notable Sources of Revenue Percent of Total Revenue
Contributions $722,110
12.1%
Program Services $4,886,821
82.2%
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 $336,542
5.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $65,956
1.2%
Professional Fundraising Fees $0
Other Salaries and Wages $2,698,723
48.1%
Assets/Debt
Total Assets $986,215
Total Liabilities $499,494
Net Assets $486,721
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Shannon Clancy (Director) $0 $0 $0
Robert Mulhern (Director) $0 $0 $0
Jay Heiler (Director) $0 $0 $0
Dan Scoggin (Director) $0 $0 $0
Dan Sullivan (Director) $0 $0 $0
Amy Hall (Director) $0 $0 $0
Helen Hayes (Director) $0 $0 $0
Samir Sawhney (Director) $0 $0 $0
Minson Douglas (Headmaster) $0 $62,615 $3,341

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,051,809
Expenses
$5,141,250
Net Income
-$89,441
Net Assets
$151,411
Notable Sources of Revenue Percent of Total Revenue
Contributions $655,880
13.0%
Program Services $4,340,547
85.9%
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 $55,382
1.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $119,706
2.3%
Professional Fundraising Fees $0
Other Salaries and Wages $2,491,961
48.5%
Assets/Debt
Total Assets $683,277
Total Liabilities $531,866
Net Assets $151,411

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,850,995
Expenses
$3,861,813
Net Income
-$10,818
Net Assets
$240,852
Notable Sources of Revenue Percent of Total Revenue
Contributions $508,701
13.2%
Program Services $3,277,704
85.1%
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 $64,590
1.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $111,083
2.9%
Professional Fundraising Fees $0
Other Salaries and Wages $2,049,843
53.1%
Assets/Debt
Total Assets $649,260
Total Liabilities $408,408
Net Assets $240,852

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,533,127
Expenses
$3,411,954
Net Income
$121,173
Net Assets
$251,670
Notable Sources of Revenue Percent of Total Revenue
Contributions $550,786
15.6%
Program Services $2,981,441
84.4%
Investment Income $76
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $824
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $107,542
3.2%
Professional Fundraising Fees $0
Other Salaries and Wages $1,857,968
54.5%
Assets/Debt
Total Assets $495,789
Total Liabilities $244,119
Net Assets $251,670

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

Fiscal Year Ending June
2004

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.

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Types of Nonprofits

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