Overview
What is Veritas Ministries Inc?
Veritas Ministries Inc, located at 810 Del Rio Pike, Franklin, Tennessee 37064, is a nonprofit organization that specializes in Christian educational learning. With a mission to provide instructional activities, they cater to students from preschool to 12th grade, currently serving a total of 109 students. This private institution, known as The Classical Academy of Franklin, follows a classical Christian-based educational approach. The organization, employing 18 individuals, offers a comprehensive learning environment for its students.
Official website here: www.tcafranklin.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (58%)
Veritas Ministries Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its financial accountability and transparency. With an overall score of 58%, the organization performs well in areas such as having a fully independent board, but falls short in essential financial documentation and policies. Notably, it has not provided financial statements or posted its tax form on its website, which raises red flags about its financial practices.
The organization does demonstrate strengths in its board structure, with 100% independent board members and no material diversion of assets reported. Additionally, its high program expense ratio of 99.82% suggests that the majority of its funds are being utilized for its intended charitable activities. However, the lack of a conflict of interest policy and missing document retention policies indicate potential governance weaknesses that could affect its operational integrity.
In summary, while Veritas Ministries Inc shows strengths in certain areas of governance and program expenses, its overall accountability is undermined by significant gaps in financial transparency and policy adherence. Stakeholders may want to consider these factors when evaluating the organization’s reliability and effectiveness in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Veritas Ministries Inc?
92% of 19 reviewers on Facebook recommend Veritas Ministries Inc. Here is a summary of their reviews:
Many users express strong enthusiasm for the educational offerings provided by the organization, highlighting the exceptional quality of both the faculty and the curriculum. This enthusiasm is paired with a sense of appreciation for the supportive community that surrounds the school, contributing to a positive overall environment for students.
The organization appears to be meeting the expectations of its users, fostering a strong sense of trust and satisfaction among those involved. The consistent praise reflects a commitment to delivering on its promises, making it a well-regarded choice in the educational landscape.
This AI summary has been generated from reviews found on Facebook.
Is Veritas Ministries Inc legitimate?
Veritas Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Veritas Ministries 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $520,337
For more financial information, click here
Official website here: www.tcafranklin.org
What is the mission statement of Veritas Ministries Inc?
Veritas Ministries Inc, as a private educational institution, offers classical Christian-based education to its students through their academy. The mission of Veritas Ministries Inc, in simpler terms, is to provide a private educational environment that fosters learning for preschoolers to 12th graders, following Christian principles. The academy offers a comprehensive curriculum that includes various instructional and student activities, catering to a total of 109 students. The educational approach at Veritas Ministries Inc emphasizes the integration of Christian values with academic learning, aiming to nurture well-rounded individuals.
Official website here: www.tcafranklin.org
Who is the CEO of Veritas Ministries Inc?
Eric Hale is the Headmaster of Veritas Ministries Inc.
Official website here: www.tcafranklin.org
What is the revenue of Veritas Ministries Inc?
Veritas Ministries Inc's revenue in 2022 was $920,376.
Official website here: www.tcafranklin.org
Who are the executives of Veritas Ministries Inc and what are their salaries?
The average compensation at Veritas Ministries Inc during 2022 was $28,908. There are 18 employees at Veritas Ministries Inc.
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Official website here: www.tcafranklin.org
Where can I find the form 990 for Veritas Ministries Inc?
Veritas Ministries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tcafranklin.org
Learn more at the official website: www.tcafranklin.org
Mission Statement of Veritas Ministries Inc
Veritas Ministries Inc, a private educational institution, is dedicated to providing classical Christian-based education to its students. The Academy, which is part of Veritas Ministries Inc, serves preschoolers through 12th graders, offering a comprehensive learning experience. The organization's mission is to foster instructional and student activities that promote Christian educational growth and development. With a total of 109 students, Veritas Ministries Inc is committed to nurturing young minds in a faith-based environment, providing them with a solid foundation for their future.
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Impact
July, 2024
Veritas Ministries Inc has a significant impact on education in Franklin, TN. Through their private school, The Academy, they provide classical Christian-based education to preschool through 12th-grade students. With a total of 109 students, they offer instructional and student activities that focus on Christian educational learning. Their mission is centered around providing this unique educational experience to their students, contributing to the academic and spiritual growth of the young individuals in their care. This institution plays a vital role in shaping the future leaders of the community by instilling values and knowledge in alignment with their Christian beliefs.
This information is meant to be a general summary of Veritas Ministries 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: $464
- Program Service Revenue: $689,917
- Gross Receipts: $929,976
Assets and Liabilities:
- Total Assets: $1,253,190
- Total Liabilities: $1,600,840
- Net Assets: -$347,650
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$638,129
REGISTRATION FEE
Revenue
$30,030
CURRICULUM
Revenue
$16,094
LUNCH AND MILK PROGRAM
Revenue
$5,664
Organization Details
Founding Year
2002
Phone
(615) 794-8556Principal Officer
Eric Hale
Main Address
810 DEL RIO PIKE, FRANKLIN, TN, 37064
Website
www.tcafranklin.orgNTEE Category
Code: B24 - Education
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