2024-05-15T13:22:13-05:00 2023-06-30 742920819 ATCHLEY & ASSOCIATES LLP 1005 LA POSADA DRIVE AUSTIN TX 78752 990 2022-07-01 201632745 VERITAS ACADEMY VERI 5128911673 13401 ESCARPMENT BLVD AUSTIN TX 78739 CAMERON COOK HEAD OF SCHOOL 5128911673 2024-05-15 1 CAMERON COOK 999009999 1 RENAE DUNCAN P01257722 5123462086 2024-05-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CAMERON COOK 13401 ESCARPMENT BLVD AUSTIN TX 78739 9480000 0 X WWW.VERITASACADEMY.NET X 2004 TX VERITAS ACADEMY IS A CLASSICAL CHRISTIAN COLLABORATIVE SCHOOL PRIMARILY SERVING PRESCHOOL THROUGH 12TH GRADE STUDENTS FROM CHRISTIAN FAMILIES 12 3 296 100 0 0 223421 1837583 7264085 7638311 122 4086 17245 20 7504873 9480000 413715 432041 0 0 4034853 4696971 0 0 43402 2716734 2971746 7165302 8100758 339571 1379242 19478165 21727722 11784357 11981735 7693808 9745987 X THE MISSION OF VERITAS ACADEMY IS TO PARTNER WITH CHRISTIAN PARENTS TO PROVIDE THEIR CHILDREN WITH A CLASSICAL CHRISTIAN EDUCATION FOR THE LIFELONG PURSUIT OF WISDOM AND VIRTUE IN THE SERVICE OF JESUS CHRIST FOR THE GLORY OF GOD. ITS COLLABORATIVE APPROACH INTEGRATES PROFESSIONAL INSTRUCTION WITH PARENT-MENTORED STUDY AND DISCIPLESHIP TO CULTIVATE GENUINE FAITH IN CHRIST, GODLY VIRTUE, AND EXCELLENCE IN ACADEMICS AND WORKMANSHIP. 0 0 6185471 432041 7638331 THE SCHOOL PROVIDES A COLLABORATIVE APPROACH TO EDUCATION THAT INTEGRATES PROFESSIONAL INSTRUCTION WITH PARENT-MENTORED STUDY. 6185471 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 19 0 1 296 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 12 3 1 0 0 0 0 0 1 1 1 0 0 1 1 1 1 0 1 1 1 0 X DANA VRANES 5128911673 13401 ESCARPMENT BLVD AUSTIN TX 78739 JEF FOWLER BOARD MEMBER/TRUSTEE/HEAD OF SCHOOL 50.00 X 167944 0 37389 STARRLA FOWLER BOARD MEMBER/TRUSTEE/SCHOOL HEAD 40.00 X 83706 0 0 MOLLY INGRAM BOARD MEMBER 8.00 X X 10890 0 0 ANDY KRONE BOARD CHAIR 16.00 X X 8385 0 0 ELIZABETH HAGOOD BOARD SECRETARY 8.00 X 15422 0 0 CLINT REGEN BOARD MEMBER 4.00 X 3761 0 0 ELLEN SCHUKNECHT TRUSTEE 8.00 X 11406 0 0 JORDAN VIMONT BOARD MEMBER 8.00 X 0 0 0 MONICA SCANTLEN BOARD MEMBER 4.00 X 2462 0 0 BUCK MCLAMB BOARD MEMBER 2.00 X 1750 0 0 ADAM ZIMEL BOARD MEMBER 2.00 X 0 0 0 NORMAN FURLEY BOARD MEMBER 2.00 X 0 0 0 305726 0 37389 1 0 1 0 0 1346326 491257 1837583 TUITION AND FEES 900099 7197855 7197855 ATHLETICS 900099 229420 229420 OTHER SCHOOL REVENUES 900099 90519 90519 ACTIVITIES 900099 88844 88844 PROGRAM SERVICES 900099 21923 21923 9750 9750 7638311 4086 4086 20 0 20 20 9480000 7638331 0 4086 432041 432041 505555 405598 95502 4455 3639793 2920239 687527 32027 239802 192389 45300 2113 311821 250169 58904 2748 21255 21255 8013 8013 168441 119187 49254 209550 209550 118144 118144 122353 122353 659890 659890 512250 486638 25612 84319 80103 4216 ATHLETIC PROGRAM EXPENS 387915 387915 OTHER 227496 104897 120957 1642 SUPPLIES 188491 133374 55117 STUDENT ACTIVITIES 79998 79998 183631 142876 40338 417 8100758 6185471 1871885 43402 2621174 4279610 179264 306639 137761 27039 0 0 27096 19720588 2913544 16483991 16807044 28936 307333 19478165 21727722 541188 563353 2656138 2688340 8587031 8449005 0 281037 11784357 11981735 X 7693808 9374637 371350 7693808 9745987 19478165 21727722 1379242 32789 640148 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4966641 4966641 13447510 2016105 11431405 1306437 897439 408998 16807044 OPERATING LEASE OBLIGATION 281037 281037 X 9080748 32789 -432041 -399252 9480000 0 9480000 7668717 0 7668717 432041 432041 8100758 PART X, LINE 2: U.S. GAAP REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE SCHOOL AND RECOGNIZE A TAX LIABILITY IF THE SCHOOL HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE SCHOOL IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE TAX RETURNS FOR THE YEARS ENDED JUNE 30, 2020, AND AFTER ARE OPEN TO EXAMINATION BY FEDERAL AND LOCAL AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID TUITION ASSIST -432,041. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID TUITION ASSISTANCE 432,041. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL PUBLISHES ITS RACIALLY NONDISCRIMINATION POLICY IN MULTIPLE PLACES ON ITS WEBSITE WHICH SERVES AS THE SCHOOL'S PRIMARY MARKETING AND PROMOTIONAL VEHICLE. 1 TUITION ASSISTANCE 85 432041 CREDIT APPLIED TO TUITION INVOICE PART I, LINE 2: VERITAS USES AN INDEPENDENT, THIRD PARTY TO PROVIDE A RECOMMENDATION AS TO THE AMOUNT OF AID IT SHOULD CONSIDER PROVIDING A FAMILY BASED ON THE THIRD PARTY'S ASSESSMENT OF THE FAMILY'S FINANCIAL NEEDS. THE THIRD PARTY BASES THEIR RECOMMENDATION ON THE FINANCIAL DOCUMENTS PROVIDED BY THE FAMILY. VERITAS DOES NOT GIVE CASH AWARDS TO THE FAMILIES. INSTEAD, THE SCHOOL IMMEDIATELY APPLIES CREDITS AGAINST FAMILIES' TUITION INVOICES. X X X X X 0 0 0 0 0 0 0 0 0 JEF FOWLER BOARD MEMBER/TRUSTEE/HEAD OF SCHOOL 167944 0 0 0 0 0 0 0 37389 0 205333 0 0 0 STARRLA FOWLER STARRLA IS THE WIFE OF BOARD MEMBER JEF FOWLER AND A PAID EMPLOYEE 85747 COMPENSATION FOR HER ROLE AS SL HEAD 0 JEF FOWLER JEF IS THE HUSBAND OF BOARD MEMBER STARRLA FOWLER AND THE HEAD OF SCHOOL 237389 COMPENSATION FOR HIS ROLE AS HEAD OF SCHOOL 0 AMBER ROSE ZIMEL AMBER ROSE IS THE WIFE OF BOARD MEMBER ADAM ZIMEL AND A PAID EMPLOYEE 7431 COMPENSATION FOR HER ROLS AS FAMILY MINISTRIES MENTOR COORDINATOR 0 ISAAC ZIMEL ISAAC IS THE SON OF BOARD MEMBER ADAM ZIMEL 2172 COMPENSATION FOR HIS ROLE AS A STUDENT WORKER 0 GLEN SCHUKNECHT GLEN IS THE HUSBAND OF BOARD MEMBER ELLEN SCHUKNECHT AND A PAID EMPLOYEE 46100 COMPENSATION FOR HIS ROLE AS GROUNDSKEEPER 0 ANNALIE KRONE ANNALIE IS THE DAUGHTER OF BOARD MEMBER ANDY KRONE 1137 COMPENSATION FOR HER ROLE AS A SUBSTITUTE 0 ELLIANA KRONE ELLIANA IS THE DAUGHTER OF BOARD MEMBER ANDY KRONE 1196 COMPENSATION FOR HER ROLE AS A STUDENT WORKER 0 EMMELIA KRONE EMMELIA IS THE DAUGHTER OF BOARD MEMBER ANDY KRONE 152 COMPENSATION FOR HER ROLE AS CUSTODIAL MANAGER 0 KATE REGEN KATE IS THE DAUGHTER OF BOARD MEMBER CLINT REGEN AND A PAID EMPLOYEE 296 COMPENSATION FOR HER ROLE AS A STUDENT WORKER 0 JONATHAN HAGOOD JONATHAN IS THE SON OF BOARD MEMBER ELIZABETH HAGOOD AND A PAID EMPLOYEE 650 COMPENSATION FOR HIS ROLE AS A STUDENT WORKER 0 LISA MCLAMB LISA IS THE WIFE OF BOARD MEMBER BUCK MCLAMB AND A PAID EMPLOYEE 16595 COMPENSATION FOR HER ROLE AS A SUBSTITUTE 0 BIANCA VIMONT BIANCA IS THE WIFE OF BOARD MEMBER JORDAN VIMONT AND A PAID EMPLOYEE 12064 COMPENSATION FOR HER ROLE AS AN SL SR TEACHER 0 FORM 990, PART VI, SECTION A, LINE 2 JEF FOWLER (TRUSTEE/HEAD OF SCHOOL) & STARRLA FOWLER (TRUSTEE/HEAD OF SCHOOL OF LOGIC/PRINCIPAL) ARE MARRIED. FORM 990, PART VI, SECTION A, LINE 7B THE SCHOOL'S GOVERNING BODY IS COMPRISED OF A SCHOOL BOARD AND A BOARD OF TRUSTEES. THE SCHOOL BOARD HAS COMPLETE OVERSIGHT OVER THE AFFAIRS OF VERITAS ACADEMY AND CAN TAKE ANY ACTION THAT DOES NOT ALTER VERITAS ACADEMY'S FIVE FOUNDATIONAL COMMITMENTS (I.E., THAT VERITAS ACADEMY REMAINS CHRISTIAN, CLASSICAL, COLLABORATIVE/UNIVERSITY-MODEL, A FAMILY MINISTRY, AND A RESOURCE SCHOOL FOR OTHER SIMILAR SCHOOLS). THE EXCLUSIVE ROLE OF THE BOARD OF TRUSTEES IS TO PASS RESOLUTIONS TO ENSURE THAT THE SCHOOL BOARD DOES NOT ALLOW VERITAS ACADEMY TO DEVIATE FROM THESE FIVE FOUNDATIONAL COMMITMENTS AND TO APPROVE/REJECT THE HIRING/FIRING/REASSIGNMENT OF THE HEAD OF SCHOOL. FORM 990, PART VI, SECTION B, LINE 11B THE CONTROLLER REVIEWS THE 990 FIRST TO IDENTIFY ANY PROBLEMS OR ERRORS AND BRINGS THEM TO THE ACCOUNTANT'S ATTENTION. ONCE THE CONTROLLER APPROVES THE 990, IT IS REVIEWED WITH THE HEAD OF SCHOOL AND CHIEF BUSINESS OFFICER AND THEN IT IS PRESENTED TO THE FINANCE COMMITTEE AND SCHOOL BOARD. IF THERE ARE ANY ISSUES THAT NEED TO BE ADDRESSED BY THE SCHOOL BOARD, A SPECIAL MEETING WILL BE CALLED. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD DISCUSSES ANY POTENTIAL CONFLICT OF INTEREST SITUATIONS AND VOTES TO GO FORWARD OR NOT WITH THE PROPOSED SITUATION. EACH YEAR, EVERY OFFICER, TRUSTEE, AND SCHOOL BOARD MEMBER IS REQUIRED TO COMPLETE A "DISCLOSURE OF POTENTIAL CONFLICTS OF INTEREST" STATEMENT. FORM 990, PART VI, SECTION B, LINE 15 KEY EMPLOYEE SALARIES: KEY EMPLOYEES' SALARIES ARE SET AND APPROVED BY THE SCHOOL BOARD. PERIODICALLY, A SALARY SURVEY IS CONDUCTED TO DETERMINE IF THE SALARIES BEING PAID ARE COMPETITIVE. THE COMPENSATION OF JEF FOWLER AND STARRLA FOWLER FOR THEIR WORK AS SCHOOL ADMINISTRATORS ARE ANALYZED AND SET BY THE BOARD. JEF AND STARRLA FOWLER ARE EXCLUDED FROM THE BOARD VOTE ON DETERMINING BOTH OF THEIR COMPENSATION PACKAGES. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE KEPT IN THE CONTROLLER'S OFFICE AND CAN BE VIEWED BY THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE OVERSIGHT POLICIES AND SELECTION OF AN INDEPENDENT ACCOUNTANT BY THE AUDIT COMMITTEE HAS NOT CHANGED SINCE THE PRIOR YEAR. FORM 990, PART VI, SECTION A, LINE 1A: THE SCHOOL'S GOVERNING BODY IS COMPRISED OF A SCHOOL BOARD AND A BOARD OF TRUSTEES. THE SCHOOL BOARD HAS COMPLETE OVERSIGHT OVER THE AFFAIRS OF VERITAS ACADEMY AND CAN TAKE ANY ACTION THAT DOES NOT ALTER VERITAS ACADEMY'S FIVE FOUNDATIONAL COMMITMENTS (I.E., THAT VERITAS ACADEMY REMAINS CHRISTIAN, CLASSICAL, COLLABORATIVE/UNIVERSITY-MODEL, A FAMILY MINISTRY, AND A RESOURCE SCHOOL FOR OTHER SIMILAR SCHOOLS). THE EXCLUSIVE ROLE OF THE BOARD OF TRUSTEES IS TO PASS RESOLUTIONS TO ENSURE THAT THE SCHOOL BOARD DOES NOT ALLOW VERITAS ACADEMY TO DEVIATE FROM THESE FIVE FOUNDATIONAL COMMITMENTS AND TO APPROVE/REJECT THE HIRING/FIRING/REASSIGNMENT OF THE HEAD OF SCHOOL.