Veritas Academy FY2020 filing

Tax-deductible

Cody, WY501(c)(3)EducationEIN 47-1107248Revenue $138K in FY2020

On file with the IRScodyveritas.com1613 Park Ln, 82414-4341 · Cody, WYTax-exempt since Oct 2015School — 170(b)(1)(A)(ii)

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God's word is the foundation for all learning. Our curriculum and teaching method provides students a comprhensive application of scripture in all disciplines. Our goal is to assist each student in developing a biblical world view by acknowledging god is author of all knowledge and wisdom. In partnership with parents, Veritas Academy is committed to the classical approach whic corresponds to the developmental learning stages of children, building a natural progression of understanding in all subjects. This approach called trivium, has three levels of learning:the grammar stage (acquisition of foundational facts in all subjects), the logical stage (question the way facts fit together through critical and abstract thinking), and the rhetoric stage (builds on the first two stages to learn to write and speak well). Our goal is for students to graduate with an ability to investigate contemplate, debate, and pursue knowledge. Weritas Academy provides challenging academic study within a nurtu

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $12K a year · 4% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
16 mo
of spending, in cash
Looks good: 15.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
−$11K
-4% of total assets
Looks good: liabilities are -4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$138K
Spent
$194K
To programs
100%
Net assets
$268K
By yearFY2020–FY2025
Revenue
$138K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$138K
FY2021$188K
FY2022$274K
FY2023$332K
FY2024$450K
FY2025$476K
Expenses
$194K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$194K
FY2021$244K
FY2022$240K
FY2023$327K
FY2024$433K
FY2025$490K
Net assets
$268K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$268K
FY2021$211K
FY2022$245K
FY2023$250K
FY2024$267K
FY2025$253K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2015.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $194K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
See Veritas Academy executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Teaches students using a classical curriculum grounded in scripture to develop a biblical worldview.

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Provided by the organization

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1 program · $194K · in their own filed words · FY2020
01

Veritas academy provides classical christian education to students in cody, wyoming

$194Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$138K
Ln 12
Fees for servicesLn 2g$106K
Gifts and grantsLn 1h$31K
Money outPt IX
$194K
Ln 25
Programscol B$194K
Owns and owesPt X
$268K
net assets · Ln 32
Cash and savingsLn 1–2$255K
Total assetsLn 16$256K
LiabilitiesLn 26−$11K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$31K
Government grantsLn 1e$31K
Fees for servicesLn 2g$106K
Total revenueLn 12$138K
Assets in detailPt X, end of year
CashLn 1$255K
Cash and savings togetherLn 1–2$255K
Land, buildings, equipmentLn 10c$1K
Total assetsLn 16$256K
LiabilitiesLn 26−$11K
Net assetsLn 32$268K
OperationsPt I, VI
EmployeesI 515
VolunteersI 670
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$326K$255K
Land, buildings, equipmentLn 10c$2K$1K
Total assetsLn 16$328K$256K
LiabilitiesLn 26$4K−$11K
Net assetsLn 32$324K$268K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$155K$155K
Payroll taxesLn 10$12K$12K
Management feesLn 11a$2K$2K
Other fees for servicesLn 11g$390$390
Advertising and promotionLn 12$246$246
OccupancyLn 16$8K$8K
TravelLn 17$546$546
Conferences, conventions and meetingsLn 19$102$102
Depreciation, depletion and amortizationLn 22$609$609
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$13K$13K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$194K$194K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $476K$490K−$15K$253K 990 PDF
FY2024 $450K$433K$17K$267K 990 PDF
FY2023 $332K$327K$5K$250K 990 PDF
FY2022 $274K$240K$34K$245K 990 PDF
FY2021 $188K$244K−$56K$211K 990 PDF
FY2020 Viewing $138K$194K−$57K$268K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $137,676 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $300,053$31,239
I-9 Program service revenuePrior year $107,080$106,437
I-10 Investment income$0
I-11 Other revenuePrior year $19,569$0
I-12 Total revenuePrior year $426,702$137,676
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $117,427$166,762
I-16a Professional fundraising feesPrior year $500$0
I-17 Other expensesPrior year $23,854$27,472
I-18 Total expensesPrior year $141,781$194,234
I-19 Revenue less expensesPrior year $284,921−$56,558
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $137,676 across 4 lines filed
VIII-1e Government grants$31,239
VIII-1h Total contributions, gifts and grants$31,239
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $106,437$106,437
VIII-12 Total revenueRelated to mission $106,437$137,676
Part IX · Statement of functional expenses $194,234 across 12 lines filed
IX-7 Other salaries and wagesPrograms $154,911$154,911
IX-10 Payroll taxesPrograms $11,851$11,851
IX-11a Management feesPrograms $1,714$1,714
IX-11g Other fees for servicesPrograms $390$390
IX-12 Advertising and promotionPrograms $246$246
IX-16 OccupancyPrograms $7,500$7,500
IX-17 TravelPrograms $546$546
IX-19 Conferences, conventions and meetingsPrograms $102$102
IX-22 Depreciation, depletion and amortizationPrograms $609$609
IX-23 InsurancePrograms $1,255$1,255
IX-24 Other expenses (24a–d)Programs $13,109$13,109
IX-24e All other expensesPrograms $2,001$2,001
IX-25 Total functional expensesPrograms $194,234 · Management $0 · Fundraising $0$194,234
Part X · Balance sheet $256,353 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $326,117$254,916
X-10c Land, buildings and equipment, netStart of year $2,046$1,437
X-16 Total assetsStart of year $328,163$256,353
X-25 Other liabilitiesStart of year $3,894−$11,358
X-26 Total liabilitiesStart of year $3,894−$11,358
X-27 Net assets without donor restrictionsStart of year $324,269$267,711
X-32 Total net assets or fund balancesStart of year $324,269$267,711
X-33 Total liabilities and net assetsStart of year $328,163$256,353
Part XI · Reconciliation of net assets $267,711 net assets at year end
XI-1 Total revenue$137,676
XI-2 Total expenses$194,234
XI-3 Revenue less expenses−$56,558
XI-4 Net assets at start of year$324,269
XI-10 Net assets at end of year$267,711

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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