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Veritas Academy Inc

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 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
$1.42M (2023)

Expenses
$1.51M (2023)

Total Assets
$663k (2023)

Total Liabilities
$168k (2023)

Source: Form 990 tax filings from 2010 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
$1,415,311
Expenses
$1,507,899
Net Income
-$92,588
Net Assets
$495,407
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,383,014
97.7%
Investment Income $3,369
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $28,928
2.0%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,070,720
71.0%
Assets/Debt
Total Assets $662,998
Total Liabilities $167,591
Net Assets $495,407
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Kenneth Crowe (Secretary) $0 $0 $0
Patrick Jarrett (Chairman) $0 $0 $0
Tim Shaw (Director) $0 $0 $0
David Gobel (Director) $0 $0 $0
Woelke Leithart (Vice President) $0 $0 $0
Wallace Milling (Director) $0 $0 $0
Harry Brodmann (Treasurer) $0 $0 $0
Frankie Daniell (Director) $0 $0 $0
Winn Morgan (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,446,485
Expenses
$1,408,072
Net Income
$38,413
Net Assets
$587,995
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,361,329
94.1%
Investment Income $986
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $84,170
5.8%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,035,659
73.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $784,001
Total Liabilities $196,006
Net Assets $587,995
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Kenneth Crowe (Secretary) $0 $0 $0
Patrick Jarrett (Chairman) $0 $0 $0
Tim Shaw (Director) $0 $0 $0
David Gobel (Director) $0 $0 $0
Woelke Leithart (Vice President) $0 $0 $0
Wallace Milling (Director) $0 $0 $0
Harry Brodmann (Treasurer) $0 $0 $0
Frankie Daniell (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,355,166
Expenses
$1,353,562
Net Income
$1,604
Net Assets
$549,582
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,315,652
97.1%
Investment Income $517
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $38,997
2.9%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $996,117
73.6%
Assets/Debt
Total Assets $636,331
Total Liabilities $86,749
Net Assets $549,582
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Will Brodmann (Director) $0 $0 $0
Patrick Jarrett (Chairman) $0 $0 $0
Erin Pennington (Secretary) $0 $0 $0
David Gobel (Director) $0 $0 $0
Woelke Leithart (Vice Chairman) $0 $0 $0
Wallace Milling (Director) $0 $0 $0
Harry Brodmann (Treasurer) $0 $0 $0
Frankie Daniell (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,363,394
Expenses
$1,171,704
Net Income
$191,690
Net Assets
$547,978
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,281,978
94.0%
Investment Income $2,451
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $78,965
5.8%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $908,108
77.5%
Assets/Debt
Total Assets $646,574
Total Liabilities $98,596
Net Assets $547,978
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Will Brodmann (Director) $0 $0 $0
Patrick Jarrett (Secretary) $0 $0 $0
Erin Pennington (Director) $0 $0 $0
David Gobel (Director) $0 $0 $0
Peter Schenk (Director) $0 $0 $0
Woelke Leithart (Director) $0 $0 $0
Ken Wood (Board Chair) $0 $0 $0
Harry Brodmann (Treasurer) $0 $0 $0
Frankie Daniell (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,140,586
Expenses
$1,119,043
Net Income
$21,543
Net Assets
$356,288
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,105,311
96.9%
Investment Income $2,486
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $32,789
2.9%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $845,062
75.5%
Assets/Debt
Total Assets $537,762
Total Liabilities $181,474
Net Assets $356,288
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Will Brodmann (Director) $0 $0 $0
Patrick Jarrett (Director) $0 $0 $0
Tim Barrett (Vice Chairman) $0 $0 $0
David Gobel (Director) $0 $0 $0
Peter Schenk (Director) $0 $0 $0
David Cleland (Director) $0 $0 $0
Ken Wood (Board Chair) $0 $0 $0
Harry Brodmann (Treasurer) $0 $0 $0
Frankie Daniell (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$945,784
Expenses
$990,740
Net Income
-$44,956
Net Assets
$334,745
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $876,878
92.7%
Investment Income $904
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $68,002
7.2%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $742,152
74.9%
Assets/Debt
Total Assets $468,404
Total Liabilities $133,659
Net Assets $334,745
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Will Brodmann (Director) $0 $0 $0
Andrea Jarrett (Board Chair) $0 $0 $0
Tim Barrett (Director) $0 $0 $0
David Gobel (Director) $0 $0 $0
Peter Schenk (Director) $0 $0 $0
David Cleland (Director) $0 $0 $0
Ken Wood (Treasurer) $0 $0 $0
Frankie Daniell (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$937,390
Expenses
$873,529
Net Income
$63,861
Net Assets
$379,701
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $890,587
95.0%
Investment Income $765
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $46,038
4.9%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $645,171
73.9%
Assets/Debt
Total Assets $452,032
Total Liabilities $72,331
Net Assets $379,701
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Will Brodmann (Vice Chairman) $0 $0 $0
Adrea Jarrett (Director) $0 $0 $0
Tim Barrett (Director) $0 $0 $0
Laura Brodmann (Secretary) $0 $0 $0
Ken Wood (Treasurer) $0 $0 $0
Frankie Daniell (Director) $0 $0 $0
Brad Fennell (Chairman) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$785,165
Expenses
$806,033
Net Income
-$20,868
Net Assets
$315,840
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $728,453
92.8%
Investment Income $781
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $55,931
7.1%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $614,515
76.2%
Assets/Debt
Total Assets $390,325
Total Liabilities $74,485
Net Assets $315,840
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Will Brodmann (Vice Chairman) $0 $0 $0
Adrea Jarrett (Director) $0 $0 $0
Tim Barrett (Director) $0 $0 $0
Laura Brodmann (Secretary) $0 $0 $0
Ken Wood (Treasurer) $0 $0 $0
Frankie Daniell (Director) $0 $0 $0
David Gobel (Director) $0 $0 $0
Brad Fennell (Chairman) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$765,289
Expenses
$722,250
Net Income
$43,039
Net Assets
$336,708
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $743,810
97.2%
Investment Income $484
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $20,995
2.7%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $536,439
74.3%
Assets/Debt
Total Assets $385,796
Total Liabilities $49,088
Net Assets $336,708
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Will Brodmann (Vice Chairman) $0 $0 $0
Terry Johnson (Ex Officio) $0 $0 $0
Tim Barrett (Director) $0 $0 $0
Laura Brodmann (Secretary) $0 $0 $0
Bill Fowler (Director) $0 $0 $0
Ken Wood (Treasurer) $0 $0 $0
Frankie Daniell (Director) $0 $0 $0
David Gobel (Director) $0 $0 $0
Brad Fennell (Chairman) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$676,544
Expenses
$624,592
Net Income
$51,952
Net Assets
$293,669
Notable Sources of Revenue Percent of Total Revenue
Contributions $64,748
9.6%
Program Services $598,242
88.4%
Investment Income $343
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $13,211
2.0%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $452,009
72.4%
Assets/Debt
Total Assets $353,129
Total Liabilities $59,460
Net Assets $293,669
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Will Brodmann (Director) $0 $0 $0
Mrs Marnie Warren (Vice Chairman) $0 $0 $0
Tim Barrett (Chairman) $0 $0 $0
Rick Mullininx (Treasurer) $0 $0 $0
Laura Brodmann (Director) $0 $0 $0
Bill Fowler (Director) $0 $0 $0
Ken Wood (Director) $0 $0 $0
Frankie Daniell (Secretary) $0 $0 $0
David Gobel (Director) $0 $0 $0
Brad Fennell (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$620,999
Expenses
$586,039
Net Income
$34,960
Net Assets
$241,717
Notable Sources of Revenue Percent of Total Revenue
Contributions $84,163
13.6%
Program Services $509,545
82.1%
Investment Income $361
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $26,930
4.3%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $420,219
71.7%
Assets/Debt
Total Assets $297,807
Total Liabilities $56,090
Net Assets $241,717
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Will Brodmann (Director) $0 $0 $0
Mrs Marnie Warren (Vice Chairman) $0 $0 $0
Tim Barrett (Chairman) $0 $0 $0
Rick Mullininx (Treasurer) $0 $0 $0
Frankie Daniell (Secretary) $0 $0 $0
David Gobel (Director) $0 $0 $0
Brad Fennell (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$736,901
Expenses
$680,215
Net Income
$56,686
Net Assets
$206,757
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,223
0.6%
Program Services $703,466
95.5%
Investment Income $467
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $28,745
3.9%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $485,010
71.3%
Assets/Debt
Total Assets $265,953
Total Liabilities $59,196
Net Assets $206,757

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$919,560
Expenses
$663,103
Net Income
$256,457
Net Assets
$150,071
Notable Sources of Revenue Percent of Total Revenue
Contributions $21,997
2.4%
Program Services $887,919
96.6%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $9,644
1.0%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $479,986
72.4%
Assets/Debt
Total Assets $223,301
Total Liabilities $73,230
Net Assets $150,071

Document Links

Fiscal Year Ending Dec.
2010

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$665,712
Expenses
$665,463
Net Income
$249
Net Assets
-$106,386
Notable Sources of Revenue Percent of Total Revenue
Contributions $37,800
5.7%
Program Services $612,938
92.1%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $14,871
2.2%
Sales of Assets $103
0.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $487,370
73.2%
Assets/Debt
Total Assets $37,293
Total Liabilities $143,679
Net Assets -$106,386

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

Fiscal Year Ending Dec.
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 Dec.
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 Dec.
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 Dec.
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 Dec.
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

Fiscal Year Ending Dec.
2003

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.
2002

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.
2001

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.
2000

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.
1999

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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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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