Overview
What is Veritas Academy Inc?
Veritas Academy Inc, located in Savannah, Georgia, is a nonprofit organization committed to providing Christian-based education for children from preschool to grade 12. The institution's primary mission is to uphold a Christian school environment, focusing on the educational growth of its students. With a dedicated workforce of 53 individuals, Veritas Academy Inc strives to instill moral values and academic excellence in its pupils, fostering a holistic development of their minds and spirits.
Official website here: www.veritassav.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, Overall Score: 67%)
Veritas Academy Inc has received a "Needs Improvement" rating from Charity Navigator, indicating some significant areas needing attention, particularly in governance and transparency. The organization scored well on independent board composition and financial efficiency, with a program expense ratio of 94.05%, suggesting that the majority of its expenditures are directed towards its mission-related programs.
However, the organization has notable deficiencies in its accountability and finance practices. It does not have essential policies such as a conflict of interest policy, whistleblower policy, or a document retention policy. Additionally, the nonprofit has failed to provide financial statements and board meeting minutes, which are critical for transparency and stakeholder confidence.
While the absence of material diversion of assets is a positive sign, the lack of published financial documents and governance policies presents limitations that may hinder potential donors' trust. Overall, while Veritas Academy Inc demonstrates a commitment to its programmatic efforts, enhancing its accountability and governance structures will be essential for improving its overall rating and stakeholder perception.
This AI summary has been generated from information found on Charity Navigator.
Is Veritas Academy Inc legitimate?
Veritas Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Veritas 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: $1,035,659
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.veritassav.org
What is the mission statement of Veritas Academy Inc?
Veritas Academy Inc's mission is centered around providing education for children, with a distinctive Christian perspective. The corporation's primary objective is to establish and operate a school, catering to students from pre-kindergarten to high school grade levels. The educational approach emphasizes Christian values and teachings, aiming to instill moral and spiritual growth alongside academic development.
Official website here: www.veritassav.org
Who is the CEO of Veritas Academy Inc?
Woelke Leithart is the Vice President of Veritas Academy Inc.
Official website here: www.veritassav.org
What is the revenue of Veritas Academy Inc?
Veritas Academy Inc's revenue in 2022 was $1,446,485.
Official website here: www.veritassav.org
Who are the executives of Veritas Academy Inc and what are their salaries?
The average compensation at Veritas Academy Inc during 2022 was $19,541. There are 53 employees and 40 volunteers at Veritas Academy Inc.
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Official website here: www.veritassav.org
Where can I find the form 990 for Veritas Academy Inc?
Veritas Academy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.veritassav.org
Learn more at the official website: www.veritassav.org
Mission Statement of Veritas Academy Inc
Veritas Academy Inc, a nonprofit organization, is committed to providing a Christian-based education for children. The primary objective of this institution is to educate children from preschool to grade 12, imbuing them with Christian values and principles. The academy's mission is to create an educational environment that nurtures the spiritual, intellectual, and social development of its students, ensuring they grow up with a strong moral foundation.
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Impact
July, 2024
Veritas Academy Inc provides a valuable Christian-based education for children in grades PK through 12 in Savannah, Georgia. Through its mission to maintain a Christian school for the instruction of children, the organization positively impacts the lives of students by providing them with a strong educational foundation rooted in faith-based values. The Academy's dedication to quality education helps shape the future leaders of tomorrow, instilling values that go beyond academics and contribute to the overall development of students.
This information is meant to be a general summary of Veritas 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $986
- Program Service Revenue: $1,361,329
- Gross Receipts: $1,446,485
Assets and Liabilities:
- Total Assets: $784,001
- Total Liabilities: $196,006
- Net Assets: $587,995
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tuition Revenue and fees
Revenue
$1,361,329
Organization Details
Founding Year
1998
Phone
(912) 238-1222Principal Officer
Woelke Leithart
Main Address
P O Box 8332, Savannah, GA, 31412
Website
www.veritassav.orgNTEE Category
Code: B20 - Education
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