2014-05-09T12:46:29-05:00 2013-06-30 570381582 ELLIOTT DAVIS LLCPLLC 901 E BYRD STREET SUITE 1000 RICHMOND VA 23219 990 2012-07-01 550770184 VERITAS CLASSICAL CHRISTIAN SCHOOL VERI 8042729517 3400 BROOK ROAD RICHMOND VA 23227 JONATHAN WHITAKER 8042729517 2014-05-08 1 JANET L BROCKLEHURST CPA P00449539 8046124380 2012 2015-11-30 17:44:51Z X JONATHAN WHITAKER 3400 BROOK ROAD RICHMOND VA 23227 3430547 0 X WWW.VERITASSCHOOL.COM X 2000 VA TO PROVIDE CHRIST-CENTERED, ACADEMICALLY RIGOROUS CLASSICAL EDUCATION. 9 9 96 25 0 0 209221 889984 2159118 2505762 3499 1925 7968 -15180 2379806 3382491 266047 386806 0 0 1643301 1736487 0 0 69810 558580 603897 2467928 2727190 -88122 655301 1498805 3458858 948601 2418832 550204 1040026 TO PROVIDE CHRIST-CENTERED, ACADEMICALLY RIGOROUS CLASSICAL EDUCATION. 0 0 2093108 386806 2500092 PROVIDE CLASSICAL AND CHRISTIAN EDUCATION TO OVER 315 STUDENTS GRADES K-12; EMPLOYING OVER 95 PEOPLE INCLUDING TEACHERS, UPPER AND LOWER SCHOOL PRINCIPALS, BUSINESS MANAGER, OFFICE MANAGERS, AND DIRECTORS OF ADMISSIONS AND DEVELOPMENT. 2093108 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 1 24 0 1 96 1 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 VA X BOOKKEEPER 8042729517 3400 BROOK ROAD RICHMOND VA 23227 DEREK LEWIS 3.00 X X 0 0 0 ELIZABETH BUTLER 2.00 X X 0 0 0 JONATHAN WHITAKER 2.00 X X 0 0 0 CHRIS PARKS 1.00 X 0 0 0 ROBERT LOFTIN 2.00 X 0 0 0 RICH CRAWFORD 1.00 X 0 0 0 STERLING SWEENEY 1.00 X 0 0 0 MARK LUDOVICO 1.00 X 0 0 0 BOB FITCH 1.00 X 0 0 0 W KEITH NIX 50.00 X 148112 0 29440 148112 0 29440 1 0 1 0 0 889984 889984 TUITION & FEES 611110 2481160 2481160 OTHER SCHOOL FEES & RE 611110 24602 24602 2505762 1925 1925 28035 37545 -9510 -9510 4841 10511 -5670 -5670 3382491 2500092 0 -7585 386806 386806 148111 105207 38311 4593 1291414 917324 334043 40047 189811 134828 49097 5886 107151 76112 27716 3323 38493 38493 25126 10126 15000 32351 18903 12487 961 14185 9092 5093 170558 135989 34569 14110 14110 131083 121942 9141 17453 16231 1222 CURRICULUM & CLASSROOM 125400 125400 0 0 EDUCATION AND OTHER STA 22588 22588 0 0 OTHER EDUCATIONAL EVENT 8576 8576 PAYROLL PROCESSING FEE 3974 3974 2727190 2093108 564272 69810 24166 100518 586180 337075 17635 3304 9661 8852 7551 3436413 440998 852311 2995415 14995 1498805 3458858 9357 247115 595416 687092 70000 70000 273828 1414625 948601 2418832 X 550204 1032505 7521 550204 1040026 1498805 3458858 X 655301 7521 -173000 X 0 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 706877 706877 2323187 346608 1976579 298019 44311 253708 108330 50079 58251 2995415 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 NOTIFICATION HAS BEEN MADE THROUGH PRINT MEDIA. GOLF TOURNAMENT 18820 18820 1709 10424 78 7819 DINNER 9215 9215 15318 2197 28035 28035 1709 25742 78 10016 37545 -9510 0 TUITION REDUCTION/FINANCIAL AID 51 0 386806 SEE BELOW SEE BELOW PT I LINE 2 OUR PHILOSOPHY OF COST-BASED TUITION AND NEED-BASED TUITION ASSISTANCE SEEKS TO BALANCE SOUND STEWARDSHIP WITH COMPASSIONATE SUPPORT TO FAMILIES THAT NEED HELP TO ATTEND VERITAS. RESOURCES ARE PROVIDED TO FAMILIES WITH A PROVEN NEED FOR ASSISTANCE BASED ON AN EVALUATION BY FAMILY FINANCIAL NEEDS ASSISTANCE (FFNA), AN INDEPENDENT ORGANIZATION. ALL FAMILIES WHO APPLY FOR TUITION ASSISTANCE ARE NOTIFIED OF APPEAL PROCEDURES IF THERE ARE EXTENUATING CIRCUMSTANCES THAT ARE NOT TAKEN INTO ACCOUNT BY THE FFNA EVALUATION. THE TUITION ASSISTANCE COMMITTEE WILL REQUIRE ANY APPEALING FAMILIES TO PROVIDE ADDITIONAL DOCUMENTATION SUPPORTING THE REQUEST AND WILL OBJECTIVELY REVIEW THE APPEAL TO DETERMINE IF ADDITIONAL ASSISTANCE WILL BE GRANTED. PART III, (E) METHOD OF VALUATION - REDUCTION FROM PUBLISHED TUITION CHARGES. X X X 0 0 0 0 0 0 0 0 0 W KEITH NIX 131374 0 16738 0 0 0 0 0 29440 0 177552 0 0 0 A ECONOMIC DEVELOPMENT AUTHORITY OF FLUVANNA COUNTY VIRGINIA 541812009 NONEAVAIL 2013-06-28 2438000 PURCHASE OF PROPERTY AND EQUIPMENT 0 0 0 A 1237000 1237000 2013 0 0 1 1 A 1 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 1 0 0 0 0 0 0 1 A 1 SCHEDULE K, PART II, LINE 3 TOTAL PROCEEDS RECEIVED UNDER THE ISSUE WERE ONLY $1,237,000. THE FINANCED PROJECT DID NOT REQUIRE THE FULL BOND AMOUNT AND THE LENDER ONLY ADVANCED AMOUNTS NECESSARY FOR PROJECT FUNDING. + DEREK LEWIS PURCHASE NEW MODULAR X 70000 70000 0 1 1 KEITH NIX RELOCATION EXPENSES X 21000 243 0 1 1 70243 W KEITH NIX HEAD OF SCHOOL 9180 TUITION REDUCTION FORM 990, PART VI, SECTION A, LINE 8B BOARD COMMITTEES ARE FORMED TO MAKE RECOMMENDATIONS TO THE BOARD, BUT ARE NOT AUTHORIZED TO ACT ON BEHALF OF THE BOARD FORM 990, PART VI, SECTION B, LINE 11 VERITAS CLASSICAL CHRISTIAN SCHOOL (VERITAS) IS GOVERNED BY A BOARD OF TRUSTEES. IT IS DEEMED A VITAL AND A FIDUCIARY DUTY OF THE BOARD UNDER ITS DUTY OF CARE TO VERITAS TO REVIEW THE FOMR 990 PRIOR TO ITS BEING FILED WITH THE IRS. THE FOLLOWING PROCESS WILL BE FOLLOWED IN ORDER FOR THIS REVIEW TO BE CARRIED OUT ON A TIMELY BASIS. ONCE THE FORM 990 IS PREPARED, IT WILL BE SENT ELECTRONICALLY TO ALL BOARD MEMBERS. ALL BOARD MEMBERS ARE RESPONSIBLE TO REVIEW THE FORM 990, TAKING THIS OPPORTUNITY TO PROVIDE VERITAS WITH ESSENTIAL, HANDS-ON LEADERSHIP. THE TRUSTEES WILL ELECTRONICALLY SEND COMMENTS CONCERNING FORM 990 OR A SIMPLE STATEMENT OF APPROVAL TO THE BOARD TREASURER. THE TREASURER IS RESPONSIBLE FOR DOCUMENTING THE DATE OF THE VERBAL COMMUNICATION. THE TREASURER WILL MAKE COPIES OF ALL COMMUNICATION FROM THE TRUSTEES TO SEND TO THE BUSINESS MANAGER. THESE COPIES WILL BE RETAINED WITH VERITAS' COPY OF THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE FOLLOWING STATEMENT IS INCLUDED ON ALL PURCHASE REQUEST FORMS, CHECK REQUEST FORMS, AND REIMBURSEMENT REQUEST FORMS "IN ACCORDANCE WITH THE CONFLICT OF INTEREST POLICY, I DO NOT STAND TO BENEFIT FROM THIS TRANSACTION OTHER THAN WHAT HAS BEEN DISCLOSED IN THE SPACE BELOW". ALL DISCLOSURES ARE MONITORED AND ADDRESSED BY THE BUSINESS MANAGER. THE CONFLICT OF INTEREST POLICY, ALONG WITH A CONFLICT OF INTEREST DISCLOSURE FORM, IS DISTRIBUTED ANNUALLY TO ALL TRUSTEES, EMPLOYEES, AND VOLUNTEERS WHO AUTHORIZED EXPENDITURES, OR ARE INVOLVED WITH SCHOOL BUDGET. TRUSTEES, EMPLOYEES AND KEY VOLUNTEERS MUST COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION OF THE HEAD OF SCHOOL AND ANY FUTURE EMPLOYEE WHO REPORTS TO THE BOARD OF TRUSTEES, OR HAS A SIMILAR LEVEL OF AUTHORITY AND COMPENSATION PACKAGE IS GOVERNED BY THE SCHOOL'S EXECUTIVE COMPENSATION POLICY AND PROCEDURES, WHICH INCLUDES THE FOLLOWING: EXECUTIVE COMPENSATION WILL BE WITHIN THE NORMAL RANGE FOR A COMPARABLE POSITION FOR INDEPENDENT SCHOOLS. ALL COMPENSATION TO EXECUTIVES WILL BE APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. EXECUTIVE COMPENSATION WILL BE PAID ACCORDING TO A WRITTEN CONTRACT. ALL REIMBURSEMENTS OR ALLOWED EXPENSES INCURRED BY ANY EXECUTIVE OR TRUSTEE WILL BE PAID UPON COMPLIANCE WITH VERITAS' STATED REIMBURSEMENT POLICY, WHICH INCLUDES THE REQUIREMENT OF SUPPORTING DOCUMENTATION PRIOR TO REIMBURSEMENT. FORM 990, PART VI, SECTION C, LINE 18 VERITAS MAKES THEIR FORM 1023, RECOGNITION OF EXEMPTION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, AND PRIOR YEAR END FINANCIAL STATEMENTS WHICH REPORT THE INFORMATION PRESENTED ON THE MOST RECENTLY FILED FORM 990 AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: UNREALIZED LOSS ON BUILDING -173,000. VERITAS SCHOOL PROPERTIES LLC 3400 BROOK ROAD RICHMOND VA 23227 ACQUIRING, OWNING AND MANAGING REAL ESTATE VA 0 2397509 VERITAS CLASSICAL CHRISTIAN SCHOOL