Veritas Christian Acadamy Of Houston
- Assets
- $5.8m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 67
- Location
- Bellaire, TX
- Founding
- 03/2004
- Data as of
- 07/2021
- EIN
- 14-1854212
Organization Overview
Veritas Christian Acadamy Of Houston is located in Bellaire, TX. The organization was established in 2004. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 07/2021, Veritas Christian Acadamy Of Houston employed 67 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Veritas Christian Acadamy Of Houston is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 07/2021, Veritas Christian Acadamy Of Houston generated $3.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $3.4m during the year ending 07/2021. While expenses have increased by 7.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
VERITAS CHRISTIAN ACADEMY OF HOUSTON IS AN INDEPENDENT CHRISTIAN SCHOOL IN THE CLASSICAL TRADITION THAT PREPARES STUDENTS FOR LIVES OF SERVICE AND LEARNING THROUGH ACADEMIC EXCELLENCE CHARACTER DEVELOPMENT BIBLICAL LITERACY AND INTENTIONAL ENGAGEMENT OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2020-21 VERITAS TAUGHT 208 STUDENTS GRADES PREK3-8. VERITAS' ACADEMIC PROGRAMS PROVIDE A STRONG CORE OF MATH SCIENCE GRAMMAR AND LITERATURE AS WELL AS BIBLE HISTORY FINE ARTS AND PE. VERITAS STUDENTS COMPETE WITH AREA SCHOOLS IN CREATIVE WRITING MATH SCIENCE SPEECH SPELLING CHOIR BAND ART AND ATHLETICS. VERITAS STUDENTS ALSO VOLUNTEER IN THE COMMUNITY AND IN THE DESTINATION CITIES OF THE CULTURAL EXPEDITIONS PROGRAM.
IN THE VERITAS CULTURAL EXPEDITIONS PROGRAM STUDENTS EXPERIENCE THE WORLD OUTSIDE THE CLASSROOM LEARNING FROM WIDELY VARYING EXPERIENCES SUCH AS VISITING MUSEUMS INSTITUTIONS OF HIGHER LEARNING AND HISTORICAL LANDMARKS ATTENDING THEATRICAL AND MUSICAL PRODUCTIONS AND BIKING AND HIKING TO DESTINATIONS OF NATURAL AND MAN-MADE BEAUTY. THE DESTINATIONS INCLUDE THEIR STATE AND NATIONAL CAPITALS THE HISTORICALLY RICH CITIES OF NEW YORK BOSTON AND PHILADELPHIA AND FINALLY ENGLAND. IN 2020-21 BECAUSE OF EXTENSIVE CLOSURES DUE TO COVID IT WAS POSSIBLE TO TAKE ONLY THE NEW YORK-PHILADELPHIA TRIP.
THE VERITAS ATHLETIC PROGRAMS CONSIST OF VOLLEYBALL FLAG FOOTBALL BASKETBALL TRACK AND FIELD AND TENNIS. MIDDLE SCHOOLERS ARE OFFERED THE OPPORTUNITY TO PARTICIPATE IN ALL SPORTS. ALL TEAMS COMPETE IN LEAGUE GROUPS AGAINST SCHOOLS OF SIMILAR SIZE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Sewell Head Of School | Officer | 40 | $110,857 |
Marilyn Hughes Director Of Finance | Officer | 40 | $94,126 |
Ramy Hanna Secretary | Trustee | 1 | $0 |
Chris Dewhurst Board Chair | Trustee | 3 | $0 |
Lanette Johnson Treasurer | Trustee | 1 | $0 |
Tiandra Gordon Trustee | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $46,776 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $157,573 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $204,349 |
| Total Program Service Revenue | $3,294,972 |
| Investment income | $6,066 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $33,463 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,538,850 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $116,391 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $100,430 |
| Compensation of current officers, directors, key employees. | $45,712 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,709,656 |
| Pension plan accruals and contributions | $25,040 |
| Other employee benefits | $232,803 |
| Payroll taxes | $144,589 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,286 |
| Fees for services: Accounting | $13,275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,793 |
| Advertising and promotion | $13,481 |
| Office expenses | $39,638 |
| Information technology | $87,608 |
| Royalties | $0 |
| Occupancy | $257,655 |
| Travel | $3,803 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,845 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $191,260 |
| Insurance | $9,074 |
| All other expenses | $75,030 |
| Total functional expenses | $3,399,006 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $644,407 |
| Savings and temporary cash investments | $986,186 |
| Pledges and grants receivable | $150 |
| Accounts receivable, net | $6,435 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $116,780 |
| Net Land, buildings, and equipment | $3,975,596 |
| Investments—publicly traded securities | $105,729 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,835,283 |
| Accounts payable and accrued expenses | $142,625 |
| Grants payable | $0 |
| Deferred revenue | $1,103,208 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,751,215 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,997,048 |
| Net assets without donor restrictions | $1,609,218 |
| Net assets with donor restrictions | $229,017 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,835,283 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Veritas Christian Acadamy Of Houston has recieved totaling $10,366.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $10,140 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $226 |
Endowment Analysis
| Earnings | $1,693 |
| Admin Expense | -$264 |
| Net Contributions | $104,300 |
| Ending Balance | $105,729 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kipp Delta Inc Helena, AR | $23,299,418 | $20,055,239 |
Baton Rouge Christian Education Foundation Inc Baton Rouge, LA | $25,217,556 | $20,900,810 |
Alcuin School Dallas, TX | $59,182,125 | $20,381,763 |
Oakridge School Inc Arlington, TX | $19,389,993 | $20,174,539 |
Pulaski Academy Little Rock, AR | $31,968,373 | $17,811,246 |
Education Service Center Region Ii Of Texas Corpus Christi, TX | $24,486,082 | $17,593,515 |
The Woodlands Christian Academy The Woodlands, TX | $44,326,696 | $20,493,923 |
Odyssey 2020 Academy Inc Galveston, TX | $23,994,459 | $17,751,222 |
El Paso Education Initiative Inc El Paso, TX | $37,947,839 | $17,386,289 |
Episcopal Collegiate School Little Rock, AR | $113,498,551 | $17,410,081 |
Energized For Excellence Academy Houston, TX | $1,351,482 | $18,898,659 |
Houston Gateway Academy Inc Houston, TX | $78,886,053 | $32,736,217 |