2026-03-13T00:10:59-04:00 2025-06-30 821455657 FESTER & CHAPMAN PLLC 9019 E BAHIA DR STE 100 SCOTTSDALE AZ 85260 990 2024-07-01 050527441 VERITAS PREPARATORY ACADEMY VERI 6024387045 4717 E HILTON AVE STE 300 PHOENIX AZ 85034 KATHERINE MCMILLAN VP OF FINANCE 6023861881 2026-03-10 true true RACHEL R LOCKE CPA P00450405 6022643077 2026-03-10 2024 2025-03-06 01:10:19Z CO GREAT HEARTS ACADEMIES MATTHEW BUSHARD 4717 E HILTON AVE STE 300 PHOENIX AZ 85034 9857384 false X WWW.VERITASPREPACADEMY.ORG X 2002 AZ A VERITAS PREPARATORY ACADEMY EDUCATION PREPARES STUDENTS TO BE MORE THAN JUST PROFICIENT TEST TAKERS, BUT RATHER, TO BECOME GREAT-HEARTED LEADERS CAPABLE OF SUCCESS THROUGHOUT THEIR HIGHER EDUCATION AND PROFESSIONAL CAREERS. WITH A CURRICULUM BUILT UPON A CLASSICAL LIBERAL ARTS TRADITION AND A REVOLUTIONARY APPROACH TO SCHOOL ITSELF, GREAT HEARTS CULTIVATES THE HEARTS AND MINDS OF STUDENTS IN THE PURSUIT OF TRUTH, GOODNESS, AND BEAUTY. 4 4 0 300 0 1364721 1222426 8075474 8029395 35863 40993 646541 564570 10122599 9857384 0 0 5635435 5702758 0 34586 4451796 4176873 10087231 9879631 35368 -22247 13473635 13233532 10801557 10547931 2672078 2685601 X A VERITAS PREPARATORY ACADEMY EDUCATION PREPARES STUDENTS TO BE MORE THAN JUST PROFICIENT TEST TAKERS, BUT RATHER, TO BECOME GREAT-HEARTED LEADERS CAPABLE OF SUCCESS THROUGHOUT THEIR HIGHER EDUCATION AND PROFESSIONAL CAREERS. WITH A CURRICULUM BUILT UPON A CLASSICAL LIBERAL ARTS TRADITION AND A REVOLUTIONARY APPROACH TO SCHOOL ITSELF, GREAT HEARTS CULTIVATES THE HEARTS AND MINDS OF STUDENTS IN THE PURSUIT OF TRUTH, GOODNESS, AND BEAUTY. false false 8462135 8029395 A VERITAS PREPARATORY ACADEMY EDUCATION PREPARES STUDENTS TO BE MORE THAN JUST PROFICIENT TEST TAKERS, BUT RATHER, TO BECOME GREAT-HEARTED LEADERS CAPABLE OF SUCCESS THROUGHOUT THEIR HIGHER EDUCATION AND PROFESSIONAL CAREERS. WITH A CURRICULUM BUILT UPON A CLASSICAL LIBERAL ARTS TRADITION AND A REVOLUTIONARY APPROACH TO SCHOOL ITSELF, GREAT HEARTS CULTIVATES THE HEARTS AND MINDS OF STUDENTS IN THE PURSUIT OF TRUTH, GOODNESS, AND BEAUTY. 8462135 true true false false false false false false false false true false false true true false true true true false false false false false false false false false false false false false false false false false false false false false false false false true false false false true X 0 0 0 false false false false false false false false false false false false X 4 4 false false false false true true true true true false false true true true true true true true true false X KATHERINE MCMILLAN 6024729074 4717 E HILTON AVE STE 300 PHOENIX AZ 85034 ROBERT MULHERN CHAIRMAN 2.00 X X 0 0 0 CHRISTOFER PEREYRA VICE CHAIRMA 2.00 X X 0 0 0 JOHN THORPE SECRETARY 2.00 X X 0 0 0 MONA MOORE DIRECTOR 2.00 X 0 0 0 THERESA WEILAND HEADMASTER 40.00 X 0 112208 20957 KARYN MERCADO PREP TEACHER 40.00 X 0 106309 20836 218517 41793 false false false 188377 1034049 1222426 STATE EQUALIZATION 611710 6985181 6985181 CLASSROOM SITE FUNDS 611710 740925 740925 CO-CURRICULAR ACTIVITIES 611710 303289 303289 8029395 40993 40993 35455 35455 35455 35455 OTHER 611710 529115 529115 529115 9857384 8558510 76448 133165 112641 19867 657 4544114 3843758 677934 22422 49724 42435 7043 246 630504 538076 89307 3121 345251 294640 48902 1709 766067 621680 140897 3490 13200 11979 1221 283158 256975 26183 25226 18672 6554 45666 45666 1041339 903525 137814 229111 198790 30321 26559 21553 4885 121 SUPPLIES 424993 398914 26079 REPAIRS AND MAINTENANCE 393529 341448 52081 CO-CURRICULAR ACTIVITIES 309164 309164 UTILITIES 232047 188311 42679 1057 386814 313908 71143 1763 9879631 8462135 1382910 34586 1110344 729945 372431 626882 267329 269584 106430 113592 2413673 1270979 1148186 1142694 10468915 10350835 13473635 13233532 322490 357392 15440 30115 10463627 10160424 10801557 10547931 X 2672078 2685601 2672078 2685601 13473635 13233532 -22247 35770 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1416702 590396 826306 996971 680583 316388 1142694 OPERATING LEASE - RIGHT-OF-USE ASSET 10277103 DUE FROM RELATED PARTY 73732 10350835 OPERATING LEASE LIABILITY 9956625 DEPOSITS HELD FOR OTHERS 203799 10160424 9893154 35770 35770 9857384 9857384 9879631 9879631 9879631 true true false true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 THE SCHOOL HAS A STRICT POLICY OF NON-DISCRIMINATION; HOWEVER, AS A CHARTER SCHOOL, IT IS NOT SUBJECT TO THE REQUIREMENTS OF TREASURY REVENUE PROCEDURE 75-50.1975-2C.B.587. RATHER, THE SCHOOL PUBLICIZES ITS POLICIES BY WORD OF MOUTH AND ON THE WEBSITE, THE SCHOOL'S PRIMARY METHODS OF REACHING NEW STUDENTS. SCHEDULE E, LINE 6 THE SCHOOL RECEIVES MONTHLY AID PAYMENTS FROM THE STATE OF ARIZONA BASED ON THE NUMBER OF STUDENTS ENROLLED AND ATTENDING THE SCHOOL. THESE FUNDS ARE USED IN ACCORDANCE WITH REQUIREMENTS SET FORTH BY THE STATE OF ARIZONA. IN ADDITION, GOVERNMENT GRANTS ARE ALSO RECEIVED BY THE SCHOOL. FORM 990 - ORGANIZATION'S MISSION A VERITAS PREPARATORY ACADEMY EDUCATION PREPARES STUDENTS TO BE MORE THAN JUST PROFICIENT TEST TAKERS, BUT RATHER, TO BECOME GREAT-HEARTED LEADERS CAPABLE OF SUCCESS THROUGHOUT THEIR HIGHER EDUCATION AND PROFESSIONAL CAREERS. WITH A CURRICULUM BUILT UPON A CLASSICAL LIBERAL ARTS TRADITION AND A REVOLUTIONARY APPROACH TO SCHOOL ITSELF, GREAT HEARTS CULTIVATES THE HEARTS AND MINDS OF STUDENTS IN THE PURSUIT OF TRUTH, GOODNESS, AND BEAUTY. FORM 990, PAGE 1, PART I, LINE 6 THE VOLUNTEERS HELP IN CLASSROOMS AND SUPPORT TEACHERS AND STUDENTS. FORM 990, PART V LINE 2A: ALL PAYROLL, PAYROLL TAXES AND BENEFIT PLANS ARE CENTRALIZED THROUGH THE PARENT ORGANIZATION, GREATHEARTS ARIZONA (EIN 20-2036133). THEREFORE, GREATHEARTS ARIZONA FILES PAYROLL TAX RETURNS UNDER THEIR EMPLOYER TAX IDENTIFICATION NUMBER REPORTING ALL PAYROLL ACTIVITY. PAYROLL RELATED EXPENSES REPORTED ON THIS RETURN REPRESENTS AN ALLOCATION OF SALARIES AND WAGES PAID BY THE ENTITY. FORM 990, PART VI CERTAIN FUNCTIONS OF MULTIPLE SCHOOLS IN THE GREATHEARTS NETWORK ARE ALSO PROVIDED TO THE SCHOOL BY GREATHEARTS ARIZONA, THE SCHOOL'S TAX EXEMPT SOLE MEMBER. FORM 990, PAGE 6, PART VI, LINE 6 THE SOLE MEMBER OF THE ACADEMY IS GREAT HEARTS ARIZONA, AN ORGANIZATION EXEMPT FROM TAXATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). FORM 990, PAGE 6, PART VI, LINE 7A THE SCHOOL'S TAX-EXEMPT SOLE MEMBER APPOINTS THE SCHOOL'S DIRECTORS, FILLS VACANCIES ON THE BOARD, AND MAY REMOVE DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 7B THE SCHOOL'S TAX-EXEMPT SOLE MEMBER RETAINS APPROVAL RIGHTS OVER KEY DECISIONS SUCH AS CHANGES TO THE SCHOOL'S BYLAWS, ARTICLES OF INCORPORATION, EDUCATIONAL PHILOSOPHY, AND SIGNIFICANT FINANCIAL EXPENDITURES (IN EXCESS OF 50,000). FORM 990, PAGE 6, PART VI, LINE 11B A DRAFT COPY WAS SENT TO THE GHAZ BOARD MEMBERS BEFORE IT WAS FILED NOTING THE REVIEW THE DIRECTOR OF FINANCE FOR GREAT HEARTS ARIZONA HAD COMPLETED REGARDING THE DOCUMENT. THE BOARD WAS GIVEN THE OPPORTUNITY TO ASK ANY QUESTIONS REGARDING THE DOCUMENT. AFTER FILING COPIES ARE POSTED ON GREATHEARTS WEBSITE. LOCATED HERE: HTTPS://WWW.GREATHEARTSAMERICA.ORG/FINANCE-COMPLIANCE/ FORM 990, PAGE 6, PART VI, LINE 12C BOARD MEMBERS COMPLETE AND SIGN A CONFLICT OF INTEREST FORM ANNUALLY. OFFICERS AND ALL EMPLOYEES ARE REQUIRED TO SIGN THE EMPLOYEE HANDBOOK ANNUALLY. THE HANDBOOK INCLUDES A CONFLICT OF INTEREST FORM WHICH NEEDS TO BE COMPLETED AND SUBMITTED TO HUMAN RESOURCES IF A POTENTIAL CONFLICT OF INTEREST EXISTS. THESE DOCUMENTS ARE REVIEWED BY HUMAN RESOURCES AND ANY CONFLICTS ARE IDENTIFIED AND REPORTED TO THE AUDITORS AND THE BOARD TO MONITOR. FORM 990, PAGE 6, PART VI, LINE 15A SUBJECT TO THE SCHOOL'S CONFLICT OF INTEREST POLICY, THE SCHOOL'S TAX- EXEMPT SOLE MEMBER AND THE SCHOOL'S BOARD APPROVE THE COMPENSATION OF KEY STAFF SUCH AS HEADMASTER AND ASSISTANT HEADMASTER. FORM 990, PAGE 6, PART VI, LINE 15B EMPLOYEES AND FACULTY ARE DETERMINED BASED ON INDEPENDENT COMPENSATION STUDIES AND SALARIES OF COMPARABLE NON-PROFIT ORGANIZATIONS. FORM 990, PAGE 6, PART VI, LINE 19 990'S ARE AVAILABLE ON THE GREAT HEARTS WEBSITE AND OUR FORM 1023 IS AVAILABLE ON REQUEST. VARIOUS FINANCIAL AND COMPLIANCE RELATED ITEMS ARE POSTED ON THE GREAT HEARTS WEBSITE. THE LINK IS AS FOLLOWS: HTTPS://WWW.GREATHEARTSAMERICA.ORG/FINANCE-COMPLIANCE/. 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