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Veritas Christian Academy Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 562089482 ✦ Fletcher, NC ✦ Designated as a 501(c)(3)

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Overview

What is Veritas Christian Academy Inc?

Veritas Christian Academy Inc, located at 17 Cane Creek Road, Fletcher, North Carolina, is a nonprofit institution dedicated to nurturing students from Pre-Kindergarten to Twelfth Grade. With a focus on "Intelligent Faith," their mission is to stimulate intellectual growth while fostering a deep spiritual connection with God. During the previous fiscal year, the academy served 342 students, with 191 in the lower grades and 79 to 72 in the upper grades. Employing 114 individuals, Veritas Christian Academy strives to shape the future leaders of tomorrow by integrating faith and learning.


Official website here: www.veritasnc.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 81% (Three-Star out of Four Star rating)

Veritas Christian Academy Inc has earned an 81% overall score, reflecting a solid performance primarily in the area of Accountability & Finance. This score is indicative of the organization's adherence to best practices in financial management and governance, which can instill confidence in potential donors and supporters.

The organization excels in several areas, scoring full points for having a majority of independent board members and maintaining a conflict of interest policy. Additionally, Veritas demonstrates strong financial health with a high program expense ratio of 90.28%, indicating that a significant portion of its funds is allocated directly to its programs rather than administrative costs.

While the overall rating is commendable, the score is solely based on Accountability & Finance, which may limit insight into other aspects of the organization's effectiveness or program impact. Despite this, the commitment to transparency and ethical governance is clear, making Veritas a noteworthy option for potential donors.


This AI summary has been generated from information found on Charity Navigator.

Is Veritas Christian Academy Inc legitimate?

Veritas Christian Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Veritas Christian Academy Inc 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:

Executive Compensation: $121,322
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,090,009

For more financial information, click here


Official website here: www.veritasnc.org

What is the mission statement of Veritas Christian Academy Inc?

Veritas Christian Academy Inc's mission is centered around fostering a strong spiritual connection. Their primary objective is to nurture both the minds and hearts of their students, preparing them for serving God's kingdom. According to their statement, they encourage intellectual growth and spiritual engagement. For further insights into their philosophy, it is recommended to visit their website. During the specified period, the academy served a student body ranging from Pre-Kindergarten to Twelfth Grade, with varying numbers in each grade level.


Official website here: www.veritasnc.org

Who is the CEO of Veritas Christian Academy Inc?

Robert M Woods is the Principal Officer of Veritas Christian Academy Inc.


Official website here: www.veritasnc.org

What is the revenue of Veritas Christian Academy Inc?

Veritas Christian Academy Inc's revenue in 2022 was $3,762,205.


Official website here: www.veritasnc.org

Who are the executives of Veritas Christian Academy Inc and what are their salaries?

The average compensation at Veritas Christian Academy Inc during 2022 was $19,398. There are 114 employees and 25 volunteers at Veritas Christian Academy Inc.


Here are 5 key members and their salaries:


Dr Robert Woods (School Headmaster)
  • Compensation: $127,849
  • Related: $0
  • Other: $0
Dr Gary Prechter (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Muir (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Chris Meyer (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rev Anthony Craver (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.veritasnc.org

Where can I find the form 990 for Veritas Christian Academy Inc?

Veritas Christian Academy Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.veritasnc.org

Learn more at the official website: www.veritasnc.org

Mission Statement of Veritas Christian Academy Inc

Veritas Christian Academy Inc is dedicated to the mission of fostering 'Intelligent Faith' among its students. This mission involves equipping the minds and engaging the hearts of its pupils, preparing them for serving God's Kingdom purposes. While specific details about the philosophy and approach behind this mission are not provided in the information, it can be inferred that the academy aims to instill a deep understanding of faith in its students, coupled with a strong intellectual foundation. This holistic approach seeks to shape the future leaders of God's Kingdom, equipped with both spiritual wisdom and intellectual prowess.

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Impact




July, 2024

Veritas Christian Academy Inc's impact lies in its mission of Intelligent Faith: Equipping minds and engaging hearts for God's Kingdom purposes. The academy serves a total of 342 students ranging from Pre-Kindergarten to Twelfth Grade, fostering a strong educational foundation intertwined with religious teachings. By providing a holistic approach to education that encompasses both academic and spiritual growth, Veritas Christian Academy Inc makes a meaningful contribution to shaping the minds and hearts of its students for the betterment of God's Kingdom.




This information is meant to be a general summary of Veritas Christian Academy Inc. 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.

Revenue
$3,762,205 (2022)
Expenses
$3,379,723 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $280
  • Program Service Revenue: $3,505,573
  • Gross Receipts: $3,835,523

Assets and Liabilities:

  • Total Assets: $5,617,927
  • Total Liabilities: $2,239,782
  • Net Assets: $3,378,145

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Tuition

Revenue

$3,412,261

Activity Fees

Revenue

$59,689

Athletic Dept Income

Revenue

$5,322

Summer Camp Income

Revenue

$9,163

Parent-Teacher Fellowship Income

Revenue

$19,138

Organization Details

Founding Year

1998

Principal Officer

Robert M Woods

Main Address

17 Cane Creek Road, Fletcher, NC, 28732

NTEE Category

Code: B24 - Education

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