2021-05-14T14:07:28-05:00 2020-06-30 742920819 ATCHLEY & ASSOCIATES LLP 1005 LA POSADA DRIVE AUSTIN TX 78752 990 2019-07-01 201632745 VERITAS ACADEMY VERI 5128911673 13401 ESCARPMENT BLVD AUSTIN TX 78739 JEF FOWLER HEAD OF SCHOOL 5128911673 2021-05-13 1 RENAE DUNCAN P01257722 5123462086 2021-05-11 2019 2022-09-23 18:48:47Z JEF FOWLER 13401 ESCARPMENT BLVD AUSTIN TX 78739 5718608 0 X WWW.VERITASACADEMY.NET X 2004 TX VERITAS ACADEMY (VERITAS) IS A UNIVERSITY-MODEL COLLEGE PREPARATORY SCHOOL THAT INTEGRATES PROFESSIONAL INSTRUCTION WITH PARENT MENTORED STUDY. VERITAS WAS INCORPORATED IN THE STATE OF TEXAS IN AUGUST 2004. THE MISSION IS TO MINISTER TO FAMILIES BY PARTNERING WITH CHRISTIAN PARENTS TO PROVIDE FOR THEIR CHILDREN A CLASSICAL EDUCATION FOUNDED UPON A BIBLICAL WORLDVIEW SO THAT THESE CHILDREN MAY COMMENCE A LIFELONG PURSUIT OF SERVICE OF JESUS CHRIST, FOR THE GLORY OF GOD. VERITAS ACADEMY HAS ADOPTED A COLLABORATIVE UNIVERSITY-MODEL APPROACH THAT INTEGRATES PROFESSIONAL INSTRUCTION WITH PARENT MENTORED STUDY AND CHARACTER DEVELOPMENT TO ACHIEVE A COLLEGE PREPARATORY LEVEL OF ACADEMIC EXCELLENCE. 11 7 191 100 0 0 180883 313970 5345978 5300613 798 61560 13822 12294 5541481 5688437 287888 325489 0 0 3194102 3376010 0 0 33509 2526694 2525981 6008684 6227480 -467203 -539043 19122198 18834548 12322643 12574036 6799555 6260512 X THE MISSION OF VERITAS ACADEMY IS TO MINISTER TO FAMILIES BY PARTNERING WITH CHRISTIAN PARENTS TO PROVIDE FOR THEIR CHILDREN A CLASSICAL EDUCATION SO THAT THESE CHILDREN MAY COMMENCE A LIFELONG PURSUIT OF KNOWLEDGE, WISDOM AND UNDERSTANDING IN THEIR PURPOSEFUL AND PASSIONATE SERVICE OF JESUS CHRIST, FOR THE GLORY OF GOD. VERITAS ACADEMY HAS ADOPTED A COLLABORATIVE UNIVERSITY-MODEL APPROACH THAT INTEGRATES PROFESSION INSTRUCTION WITH PARENT MENTORED STUDY AND CHARACTER DEVELOPMENT TO ACHIEVE A COLLEGE PREPARATORY LEVEL OF ACADEMIC EXCELLENCE. 0 0 4879869 325489 5372650 THE SCHOOL PROVIDES A UNIVERSITY-MODEL APPROACH TO EDUCATION THAT INTEGRATES PROFESSIONAL INSTRUCTION WITH PARENT-MENTORED STUDY. 4879869 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 20 0 1 191 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 11 7 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 X ALLISON MALONE 5128911675 13401 ESCARPMENT BLVD AUSTIN TX 78739 JEF FOWLER HEAD OF SCHOOL/SCHOOL BOAR 50.00 X X 138278 0 30369 STARRLA FOWLER PRINCIPAL/SCHOOL BOARD MEM 40.00 X 74789 0 0 CHRISTI WILSON SECRETARY/SCHOOL BOARD MEM 16.00 X X 11807 0 0 JOSH WHEELOCK SCHOOL BOARD VP/TREASURER 2.00 X X 0 0 0 JORDAN VIMONT SCHOOL BOARD CHAIRMAN 4.00 X X 0 0 0 SHARLA DE FRERE SCHOOL BOARD MEMBER 2.00 X 0 0 0 ANDY KRONE SCHOOL BOARD MEMBER 8.00 X 216 0 0 BILL PECKMAN SCHOOL BOARD MEMBER 2.00 X 0 0 0 MOLLY INGRAM SCHOOL BOARD MEMBER 16.00 X 13897 0 0 NORMAN FURLEY SCHOOL BOARD MEMBER 2.00 X 0 0 0 ADAM ZIMEL SCHOOL BOARD MEMBER 2.00 X 0 0 0 238987 0 30369 1 0 1 0 0 313970 68998 313970 TUITION AND FEES 900099 4794455 4794455 FACILITIES FEES 900099 261332 261332 ATHLETICS 900099 143902 143902 ACTIVITIES 900099 60924 60924 OTHER SCHOOL REVENUES 900099 40000 40000 5300613 1817 1817 29914 60000 29914 257 0 59743 59743 59743 12294 0 12294 12294 5688437 5372650 0 1817 325489 325489 253547 147057 106490 2762762 2349941 384207 28614 121124 109914 9751 1459 238577 204137 32022 2418 10000 10000 13355 13355 4796 4796 12383 12383 90482 64024 26458 230172 230172 65715 65715 65013 65013 550468 550468 698505 663580 34925 69296 65831 3465 ATHLETIC PROGRAM EXPENS 299935 299935 SUPPLIES 95864 67832 28032 STUDENT ACTIVITIES 54084 54084 BAD DEBT 49295 49295 216618 157145 58455 1018 6227480 4879869 1314102 33509 897948 1278449 195217 92148 486337 276469 33047 14627 21787 22199 30520 17523 18814612 1710415 17455287 17104197 2055 28936 19122198 18834548 292208 294207 1863330 1987232 10167105 10292597 12322643 12574036 X 6799555 6260512 6799555 6260512 19122198 18834548 -539043 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4654938 4654938 13088617 922037 12166580 1071057 788378 282679 17104197 X 5322794 -325489 -325489 5648283 40154 40154 5688437 5861837 0 5861837 365643 365643 6227480 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, 2017, AND AFTER ARE OPEN TO EXAMINATION BY FEDERAL AND LOCAL AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID TUITION ASSISTANCE -325,489. PART XI, LINE 4B - OTHER ADJUSTMENTS: IN-KIND CONTRIBUTIONS 40,154. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID TUITION ASSISTANCE 325,489. IN-KIND CONTRIBUTIONS 40,154. 1 1 0 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 99 325489 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 0 0 0 0 0 0 0 0 0 JEF FOWLER HEAD OF SCHOOL/SCHOOL BOAR 138278 0 0 0 0 0 0 0 30369 0 168647 0 0 0 STARRLA FOWLER STARRLA IS THE WIFE OF BOARD MEMBER JEF FOWLER AND A PAID EMPLOYEE 75161 COMPENSATION FOR SERVICES 0 JEF FOWLER JEF IS THE HUSBAND OF BOARD MEMBER STARRLA FOWLER AND THE HEAD OF SCHOOL 140468 COMPENSATION FOR HIS ROLE AS HEAD OF SCHOOL 0 BIANCA VIMONT BIANCA IS THE WIFE OF BOARD MEMBER JORDAN VIMONT AND A PAID EMPLOYEE 24563 COMPENSATION FOR TEACHER POSITION 0 MITCH INGRAM MITCH IS THE HUSBAND OF BOARD MEMBER MOLLY INGRAM 3078 COMPENSATION FOR SERVICES 0 X 9104 COST X 2 24889 FMV X 1 330 COST X EQUIPMENT 6 27535 COST X SUPPLIES 1 3955 COST X GIFT CARDS 9 2585 COST X GIFTS 5 600 COST 0 0 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 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 TREASURER 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.