Overview
What is Veritas Classical Academy?
Veritas Classical Academy is a nonprofit organization committed to collaborating with families in their educational journey. This institution delivers a unique Christian education, employing classical methodologies and subject matter, in a schedule akin to a university. On-campus classes are conducted twice a week, while at-home learning takes place on the alternate days. The academy caters to students from pre-kindergarten to twelfth grade, offering a comprehensive educational experience.
Official website here: www.veritasclassicalacademy.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (65%, Two-Star out of Four Star Rating)
Veritas Classical Academy has a solid accountability and finance score of 100%, demonstrating strong financial integrity. The organization has a very high program expense ratio of 97.93%, indicating that the majority of its funds are directed towards its programs rather than administrative costs. Furthermore, there are no reported material diversions of assets, which is a positive sign of fiscal responsibility.
However, the organization faces significant challenges in governance transparency, as evidenced by the low percentage of independent board members, with only 37% of its board being independent. Additionally, there are notable gaps in essential policies, such as the absence of a whistleblower policy and a document retention and destruction policy. The lack of publicly available financial statements and tax forms adds to concerns regarding transparency and accountability.
Overall, while Veritas Classical Academy shows strong financial management in program spending, its governance structure and lack of critical policies hinder its overall rating. Improvements in these areas are necessary for the organization to enhance its credibility and trustworthiness among donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Veritas Classical Academy legitimate?
Veritas Classical Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Veritas Classical Academy submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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Other Salaries and Wages: $649,950
For more financial information, click here
Official website here: www.veritasclassicalacademy.org
What is the mission statement of Veritas Classical Academy?
Veritas Classical Academy aims to collaborate with families in providing a unique Christian education, utilizing classical methodology and content, and following a university-style schedule. On-campus classes are held twice a week, while at-home learning takes place on the alternate days. The academy offers education from pre-K to 12th grade. Their mission is to cultivate young individuals who exhibit attentiveness, logical reasoning, and eloquent communication skills.
Official website here: www.veritasclassicalacademy.org
Who is the CEO of Veritas Classical Academy?
Tom Owens is the Chairman Of of Veritas Classical Academy.
Official website here: www.veritasclassicalacademy.org
What is the revenue of Veritas Classical Academy?
Veritas Classical Academy's revenue in 2022 was $957,905.
Official website here: www.veritasclassicalacademy.org
Who are the executives of Veritas Classical Academy and what are their salaries?
The average compensation at Veritas Classical Academy during 2022 was $10,155. There are 64 employees at Veritas Classical Academy.
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Official website here: www.veritasclassicalacademy.org
Where can I find the form 990 for Veritas Classical Academy?
Veritas Classical Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.veritasclassicalacademy.org
Learn more at the official website: www.veritasclassicalacademy.org
Mission Statement of Veritas Classical Academy
Veritas Classical Academy, a distinguished Christian educational institution, is dedicated to collaborating with families. Leveraging classical methodology and content, the academy offers a university-style schedule, with on-campus classes held twice a week, and at-home learning on the alternate days. The academy caters to students from pre-K through 12th grade. The mission of Veritas Classical Academy is to prepare young individuals, both males and females, to listen attentively, reason logically, and articulate clearly. By fostering a strong educational foundation, the academy aims to equip its students with the skills necessary to fulfill their calling in life.
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Impact
July, 2024
Veritas Classical Academy's impact lies in its commitment to providing a distinctive Christian education using classical methodology and content. By partnering with families, the academy strives to graduate young men and women who possess the skills of listening carefully, reasoning soundly, and articulating precisely. Through its unique approach of on-campus classes two days a week and at-home learning on alternating days, Veritas Classical Academy supports students from pre-K through 12th grade in their educational journey. Based in Beaumont, TX, the academy seeks to equip students with a solid foundation for lifelong learning and success.
This information is meant to be a general summary of Veritas Classical Academy. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $853,377
- Gross Receipts: $957,905
Assets and Liabilities:
- Total Assets: $442,793
- Total Liabilities: $12,138
- Net Assets: $430,655
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION AND FEES
Revenue
$853,377
Organization Details
Founding Year
2013
Phone
(409) 225-9107Principal Officer
Tom Owens
Main Address
PO BOX 5344, BEAUMONT, TX, 77726
NTEE Category
Code: B20 - Education
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