Veritas School FY2021 filing

Tax-deductible

Newberg, OR501(c)(3)EducationEIN 93-1222072Revenue $1.9M in FY2021

On file with the IRSveritasschool.net26288 Ne Bell Rd, 97132-6867 · Newberg, ORTax-exempt since Jul 1997School — 170(b)(1)(A)(ii)

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Education for students in grades k-12

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
$194K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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
4 of 5
filings with a surplus
Average surplus $120K a year · 5% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$194K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 8.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $420K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.4M
36% of total assets
Looks good: liabilities are 36% of assets; 50% or less.
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
$1.9M
Spent
$1.8M
To programs
70%
Net assets
$2.5M
By yearFY2021–FY2025
Revenue
$1.9M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$1.9M
FY2022$2.3M
FY2023$2.0M
FY2024$2.8M
FY2025$2.4M
Expenses
$1.8M
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$1.8M
FY2022$2.0M
FY2023$2.1M
FY2024$2.6M
FY2025$2.3M
Net assets
$2.5M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$2.5M
FY2022$2.8M
FY2023$2.6M
FY2024$2.9M
FY2025$3.0M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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 Jul 1997.

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

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $1.3M Management & general 30% · $560K

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

10 people listed on the 990; $194K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Headmaster
$83,218Pt VII · Sec A
Lower School Headmaster
$59,741Pt VII · Sec A
Business Manager
$50,858Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A

Adam Fitch’s $82K as Head of Upper School is at the 20th percentile of top reported officer pay among 3395 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Bryan Lynch$68,001$86,108$89,216$85,985$83,218
Adam Fitch$82,000$72,103———
Jeff Adams—$78,257$78,650$6,500—
Todd Harris——$63,373$60,936$59,741
Marsha Ackerlund—$60,317$58,950$52,025$50,858
Holly Anderson$57,000————
Heather Olander$52,530$21,204———
Corey Abraira$49,440————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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

Provides educational resources and support for students in kindergarten through twelfth grade.

Provided by the organization

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1 program · $1.3M · in their own filed words · FY2020
01

In a DISIPLINED/GOAL-ORIENTED environment, the organization provides outstanding primary and secondary education (grade k-12) for approximately 250 students during the fiscal year.

$1.3Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$420K
Grants paid · 5 grants · $609K · 2020–2024
Unitemized GrantFY2024$120,157
Unitemized GrantFY2023$140,924
Unitemized GrantFY2022$122,324
Unitemized GrantFY2021$122,174
Unitemized GrantFY2020$102,922

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.9M
Ln 12
Fees for servicesLn 2g$1.7M
Gifts and grantsLn 1h$120K
Other incomeLn 4–11$72K
Money outPt IX
$1.8M
Ln 25
Programscol B$1.3M
Managementcol C$560K
Owns and owesPt X
$2.5M
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$3.9M
LiabilitiesLn 26$1.4M
PeoplePt VI, VII
10
listed · VII A
PaidVII A3
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$120K
Fundraising eventsLn 1c$24K
Fees for servicesLn 2g$1.7M
Investment incomeLn 3$175
Other incomeLn 4–11$72K
Total revenueLn 12$1.9M
Assets in detailPt X, end of year
CashLn 1$694K
SavingsLn 2$580K
Cash and savings togetherLn 1–2$1.3M
Land, buildings, equipmentLn 10c$2.6M
Total assetsLn 16$3.9M
LiabilitiesLn 26$1.4M
Net assetsLn 32$2.5M
OperationsPt I, VI
EmployeesI 544
VolunteersI 6150
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$1.1M$1.3M
Land, buildings, equipmentLn 10c$2.6M$2.6M
Total assetsLn 16$3.8M$3.9M
LiabilitiesLn 26$1.3M$1.4M
Net assetsLn 32$2.4M$2.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$103K$103K
Pay of current officers, directors and key staffLn 5$194K$194K
Other salaries and wagesLn 7$868K$729K$139K
Pension plan contributionsLn 8$20K$14K$6K
Other employee benefitsLn 9$178K$122K$56K
Payroll taxesLn 10$82K$56K$26K
Other fees for servicesLn 11g$13K$13K
Advertising and promotionLn 12$13K$13K
Office expensesLn 13$64K$64K
OccupancyLn 16$120K$108K$12K
TravelLn 17$11K$11K
InterestLn 20$43K$38K$5K
Depreciation, depletion and amortizationLn 22$78K$69K$10K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$57K$50K$8K
Total functional expensesLn 25$1.8M$1.3M$560K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.4M$2.3M$172K$3.0M 990 PDF
FY2024 $2.8M$2.6M$252K$2.9M 990 PDF
FY2023 $2.0M$2.1M−$175K$2.6M 990 PDF
FY2022 $2.3M$2.0M$300K$2.8M 990 PDF
FY2021 Viewing $1.9M$1.8M$48K$2.5M 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 FY2021 990 (6 parts)
Part I · Summary $1,896,078 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $403,904$120,152
I-9 Program service revenuePrior year $1,741,682$1,704,206
I-10 Investment incomePrior year $646$175
I-11 Other revenuePrior year $62,933$71,545
I-12 Total revenuePrior year $2,209,165$1,896,078
I-13 Grants and similar amounts paidPrior year $107,513$102,922
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,325,569$1,341,617
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $391,706$403,109
I-18 Total expensesPrior year $1,824,788$1,847,648
I-19 Revenue less expensesPrior year $384,377$48,430
Part VI · Governance 7 of 7 board members independent, 2 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-13 Written whistleblower 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
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,896,078 across 8 lines filed
VIII-1c Fundraising events$24,349
VIII-1f All other contributions, gifts and grants$95,803
VIII-1h Total contributions, gifts and grants$120,152
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,704,206$1,704,206
VIII-3 Investment incomeRelated to mission $175$175
VIII-8 Net income from fundraising eventsExcluded from tax $70,543$70,543
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,002$1,002
VIII-12 Total revenueRelated to mission $1,705,383 · Unrelated business $0 · Excluded from tax $70,543$1,896,078
Part IX · Statement of functional expenses $1,847,648 across 15 lines filed
IX-2 Grants to domestic individualsPrograms $102,922$102,922
IX-5 Pay of current officers, directors and key staffManagement $193,544$193,544
IX-7 Other salaries and wagesPrograms $729,019 · Management $138,852$867,871
IX-8 Pension plan contributionsPrograms $13,505 · Management $6,356$19,861
IX-9 Other employee benefitsPrograms $121,570 · Management $56,398$177,968
IX-10 Payroll taxesPrograms $56,014 · Management $26,359$82,373
IX-11g Other fees for servicesManagement $13,360$13,360
IX-12 Advertising and promotionManagement $12,814$12,814
IX-13 Office expensesManagement $64,323$64,323
IX-16 OccupancyPrograms $108,188 · Management $12,218$120,406
IX-17 TravelManagement $10,631$10,631
IX-20 InterestPrograms $38,195 · Management $4,711$42,906
IX-22 Depreciation, depletion and amortizationPrograms $68,556 · Management $9,687$78,243
IX-23 InsuranceManagement $3,209$3,209
IX-24 Other expenses (24a–d)Programs $49,585 · Management $7,632$57,217
IX-25 Total functional expensesPrograms $1,287,554 · Management $560,094 · Fundraising $0$1,847,648
Part X · Balance sheet $3,889,493 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $544,668$694,053
X-2 Savings and temporary cash investmentsStart of year $564,081$580,229
X-3 Pledges and grants receivableStart of year $2,130$210
X-9 Prepaid expenses and deferred chargesStart of year $34,714$29,379
X-10c Land, buildings and equipment, netStart of year $2,601,936$2,571,250
X-14 Intangible assetsStart of year $15,586$14,372
X-16 Total assetsStart of year $3,765,328$3,889,493
X-17 Accounts payable and accrued expensesStart of year $22,347$23,764
X-19 Deferred revenueStart of year $340,926$430,494
X-26 Total liabilitiesStart of year $1,325,615$1,401,350
X-27 Net assets without donor restrictionsStart of year $2,439,713$2,488,143
X-32 Total net assets or fund balancesStart of year $2,439,713$2,488,143
X-33 Total liabilities and net assetsStart of year $3,765,328$3,889,493
Part XI · Reconciliation of net assets $2,488,143 net assets at year end
XI-1 Total revenue$1,896,078
XI-2 Total expenses$1,847,648
XI-3 Revenue less expenses$48,430
XI-4 Net assets at start of year$2,439,713
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,488,143

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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