Veritas Classical Christian Academy
- Assets
- $5.5k
- Revenue
- $183.7k
- Investments
- $0.0
- Employees
- 18
- Location
- Hobbs, NM
- Founding
- 02/2013
- Data as of
- 06/2024
- EIN
- 45-3187560
Organization Overview
Veritas Classical Christian Academy is located in Hobbs, NM. The organization was established in 2013. 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 06/2024, Veritas Classical Christian Academy employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Veritas Classical Christian Academy 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 06/2024, Veritas Classical Christian Academy generated $183.7k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $214.7k during the year ending 06/2024. While expenses have increased by 5.2% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF VERITAS CLASSICAL CHRISTIAN ACADEMY, INC. IS TO STRENGTHEN FAMILIES BY PARTNERING WITH PARENTS TO PROVIDE A CLASSICAL EDUCATION BASED ON A BIBLICAL WORLDVIEW. OUR GOAL IS TO EQUIP STUDENTS TO ENTER A LIFELONG PURSUIT OF KNOWLEDGE, WISDOM, AND UNDERSTANDING IN THEIR PURPOSEFUL AND PASSIONATE SERVICE OF JESUS CHRIST. VERITAS CLASSICAL CHRISTIAN ACADEMY, INC. EMPLOYS THE UNIVERSITY-MODEL APPROACH THAT COMBINES PROFESSIONAL CLASSROOM INSTRUCTION WITH PARENT GUIDED STUDY TO ACHIEVE A COLLEGE PREPARATORY LEVEL OF ACADEMIC AND SPIRITUAL EXCELLENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VERITAS CHRISTIAN ACADEMY SERVED 51 STUDENTS AND EMPLOYED 9 TEACHERS DURING THE YEAR. STUDENTS CONTINUTED TO GROW IN THEIR KNOWLEDGE AND SERVICE. STUDENTS WERE ACTIVE IN THE COMMUNITY AND WORKED ON A VARIETY OF SERVICE LEARNING OPPORTUNITIES INCLUDING THE LOCAL SOUP KITCHEN, NURSING HOMES, AND ROTARY CLUB.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig T Bova President | OfficerTrustee | 1 | $0 |
Kent L Waldrop Vice President | OfficerTrustee | 0.5 | $0 |
Lori Bova Secretary/treasurer | OfficerTrustee | 3 | $0 |
Becky Waldrop Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $14,470 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $46,247 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $60,717 |
| Total Program Service Revenue | $122,988 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $183,705 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $170,512 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,709 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,634 |
| Advertising and promotion | $1,223 |
| Office expenses | $1,777 |
| Information technology | $977 |
| Royalties | $0 |
| Occupancy | $10,071 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $87 |
| Insurance | $670 |
| All other expenses | $2,218 |
| Total functional expenses | $214,669 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,491 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,899 |
| Prepaid expenses and deferred charges | $18 |
| Net Land, buildings, and equipment | $136 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,544 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,682 |
| Total liabilities | $1,682 |
| Net assets without donor restrictions | $3,862 |
| Net assets with donor restrictions | $0 |
| 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 | $5,544 |