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Veritas Classical Academy INC

Tax-deductible

Chippewa Fls, WI501(c)(3)EducationEIN 87-1600080Revenue $1.0M in FY2025

On file with the IRSveritasclassical.comPo Box 35, 54729-0035 · Chippewa Fls, WITax-exempt since Jul 2022School — 170(b)(1)(A)(ii)

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Veritas Classical Academy exists to educate the minds and inspire the hearts of young people through content rich, classical curriculum that emphasizes the principles of moral character and civic responsibility. July 2024 through June 2025 was the planning year for the public charter school.

501(c)(3) charity; gifts are tax-deductible.
56¢ of each $1 spent went to programs.
Run by 25 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
Spent on programs
56%
of spending
Worth a look: 56% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Fine: 2.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.3M
73% of total assets
Worth a look: liabilities are 73% of assets; over 65%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.0M
Spent
$625K
To programs
56%
Net assets
$463K

From the FY2025 Form 990 (year ending June 2025) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2022.

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

Where the money goes

56 cents of each dollar spent went to programs.

Program services 56% · $349K Fundraising 44% · $276K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Kim Senn
Board President
$0Pt VII · Sec A
James Denning
Board Vice President
$0Pt VII · Sec A
Chris Albertson
Board Secretary
$0Pt VII · Sec A
Adam Kern
Board Treasurer
$0Pt VII · Sec A
Natasha Plank
Board Member
$0Pt VII · Sec A
Rima Defatta
Board Member
$0Pt VII · Sec A
Meghan Bauer
Board Member
$0Pt VII · Sec A
See Veritas Classical Academy INC 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

Educates young people with rich, classical curriculum, fostering moral character and civic responsibility.

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Provided by the organization

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3 programs · $349K · in their own filed words · FY2024
01

School planning year and preparations for year 1. Veritas Classical Academy partnered with several contractors and consultants to assist in the planning and preparation of all school functions that would be taking place during year 1.

$252Kprogram expense
02

Securing a school building and beginning renovations. Having a high quality learning environment is essential for students. Veritas Classical Academy purchased an office building and began renovations to make the building fit for a students.

$98Kprogram expense
03

No third activity

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Community Foundation of ChippewaFY2024$6K
Total grants receivedfrom 1 funder$6K

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.0M
Ln 12
Gifts and grantsLn 1h$1.0M
Investment incomeLn 3$12
Money outPt IX
$625K
Ln 25
Programscol B$349K
Fundraisingcol D$276K
Owns and owesPt X
$463K
net assets · Ln 32
Cash and savingsLn 1–2$147K
Total assetsLn 16$1.7M
LiabilitiesLn 26$1.3M
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.0M
Government grantsLn 1e$135K
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$907K
Investment incomeLn 3$12
Total revenueLn 12$1.0M
Assets in detailPt X, end of year
CashLn 1$147K
Cash and savings togetherLn 1–2$147K
Land, buildings, equipmentLn 10c$1.6M
Total assetsLn 16$1.7M
LiabilitiesLn 26$1.3M
Net assetsLn 32$463K
OperationsPt I, VI
EmployeesI 50
VolunteersI 625
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$46K$147K
Land, buildings, equipmentLn 10c$1.6M
Total assetsLn 16$46K$1.7M
LiabilitiesLn 26$0$1.3M
Net assetsLn 32$46K$463K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$145K$145K
Professional fundraising feesLn 11e$242K$242K
Advertising and promotionLn 12$33K$33K
Office expensesLn 13$107K$107K
OccupancyLn 16$98K$98K
Total functional expensesLn 25$625K$349K$0$276K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.0M$625K$417K$463K 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 FY2025 990 (6 parts)
Part I · Summary $1,041,965 revenue, 12 lines filed
I-8 Contributions and grants$1,041,953
I-9 Program service revenue$0
I-10 Investment income$12
I-11 Other revenue$0
I-12 Total revenuePrior year $0$1,041,965
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$242,500
I-17 Other expenses$382,523
I-18 Total expensesPrior year $0$625,023
I-19 Revenue less expensesPrior year $0$416,942
Part VI · Governance 7 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $1,041,965 across 11 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$906,843
VIII-1d Related organizations$0
VIII-1e Government grants$135,110
VIII-1f All other contributions, gifts and grants$0
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$1,041,953
VIII-3 Investment incomeRelated to mission $12 · Unrelated business $0 · Excluded from tax $0$12
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $12 · Unrelated business $0 · Excluded from tax $0$1,041,965
Part IX · Statement of functional expenses $625,023 across 5 lines filed
IX-11a Management feesPrograms $144,632$144,632
IX-11e Professional fundraising feesFundraising $242,500$242,500
IX-12 Advertising and promotionFundraising $33,131$33,131
IX-13 Office expensesPrograms $107,198$107,198
IX-16 OccupancyPrograms $97,562$97,562
IX-25 Total functional expensesPrograms $349,392 · Management $0 · Fundraising $275,631$625,023
Part X · Balance sheet $1,746,521 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $46,164$146,521
X-10c Land, buildings and equipment, net$1,600,000
X-16 Total assetsStart of year $46,164$1,746,521
X-24 Unsecured notes and loans payable$183,415
X-26 Total liabilitiesStart of year $0$1,283,415
X-27 Net assets without donor restrictionsStart of year $46,164$463,106
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $46,164$463,106
X-33 Total liabilities and net assetsStart of year $46,164$1,746,521
Part XI · Reconciliation of net assets $463,106 net assets at year end
XI-1 Total revenue$1,041,965
XI-2 Total expenses$625,023
XI-3 Revenue less expenses$416,942
XI-4 Net assets at start of year$46,164
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$463,106

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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