2024-04-18T08:44:17-05:00 2023-06-30 221914888 NISIVOCCIA LLP 200 VALLEY RD SUITE 300 MT ARLINGTON NJ 07856 990 2022-07-01 223847447 VERITAS CHRISTIAN ACADEMY VERI 9735796333 PO BOX 182 AUGUSTA NJ 07822 ERIC THIESSEN PRESIDENT/TREASURER 9735796333 2024-03-27 1 ERIC THIESSEN 999009999 0 ANTHONY RISPOLI P02467381 9733281825 2024-03-27 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ERIC THIESSEN 385 HOUSES CORNER ROAD SPARTA NJ 07871 747761 0 X WWW.VERITASNJ.ORG X 2002 NJ TO TRAIN THE MINDS, DEVELOP THE CHRISTIAN CHARACTER, AND ENRICH THE SPIRITUAL LIVES OF IT'S STUDENTS THROUGH QUALITY ACADEMIC PROGRAMS AND EXTRA-CURRICULAR ACTIVITIES, AND TO GLORIFY GOD BY PRESENTING A BIBLICAL WORLD VIEW IN A CHRIST-CENTERED ENVIRONMENT. 5 5 22 12 0 0 194584 167701 522954 564961 -553117 305 5003 5047 169424 738014 64250 96925 0 0 516980 530564 0 0 0 187851 220558 769081 848047 -599657 -110033 260414 142128 22126 15778 238288 126350 TO TRAIN THE MINDS, DEVELOP THE CHRISTIAN CHARACTER, AND ENRICH THE SPIRITUAL LIVES OF IT'S STUDENTS THROUGH QUALITY ACADEMIC PROGRAMS AND EXTRA-CURRICULAR ACTIVITIES, AND TO GLORIFY GOD BY PRESENTING A BIBLICAL WORLD VIEW IN A CHRIST-CENTERED ENVIRONMENT. 0 0 676258 96925 570008 THE ORGANIZATION IS DEVELOPING A CHRISTIAN SCHOOL WHICH TRAINS STUDENTS MINDS, DEVELOPS CHARACTER, AND ENRICHES SPIRITUAL LIVES THROUGH QUALITY ACADEMIC PROGRAMS AND EXTRA-CURRICULAR ACTIVITIES. 676258 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 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 8 0 1 22 1 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X ERIC WILSON 9735796333 PO BOX 182 AUGUSTA NJ 07822 ERIC THIESSEN PRESIDENT/TREASURER 5.00 X X 0 0 0 DAVID MARINE VICE PRESIDENT/SECRETARY 5.00 X X 0 0 0 DAVID VANDERGROEF PROJECT DEVELOPMENT/FACILI 5.00 X 0 0 0 DENNIS DORRITY TRUSTEE 5.00 X 0 0 0 PAUL VICENTI TRUSTEE 5.00 X 0 0 0 ERIC WILSON TREASURER 5.00 X X 0 0 0 THOMAS ARGERSINGER PRINCIPAL/ ADMINISTRATOR 40.00 X 90675 0 5970 90675 0 5970 0 0 0 0 0 75247 92454 60839 167701 TUITION & FEES 611600 564961 564961 564961 305 305 9747 75247 9747 0 OTHER INCOME 611600 5047 5047 5047 738014 570008 0 305 96925 96925 97320 77856 19464 363665 290932 72733 29535 23628 5907 40044 32035 8009 20206 10103 10103 5269 5269 11043 11043 10046 8037 2009 96873 77498 19375 763 610 153 955 955 11127 11127 EXTRA-CURRICULAR EXPENS 37137 37137 INSTRUCTION EXPENSE 17304 17304 BAD DEBT EXPENSE 6348 6348 REPAIRS AND MAINTENANCE 2244 2244 1243 994 249 848047 676258 171789 0 243034 71540 8686 2340 102186 92920 8694 9266 58982 260414 142128 14851 14538 7275 1240 22126 15778 X 164300 55710 73988 70640 238288 126350 260414 142128 -110033 -1905 0 X X 1 X 0 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 39063 33210 5853 63123 59710 3413 9266 X PART X, LINE 2: THE ACADEMY IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE AND CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE FOUNDATION. THE ACADEMY IS ALSO EXEMPT UNDER TITLE 15 OF THE STATE OF NEW JERSEY CORPORATIONS AND ASSOCIATIONS NOT-FOR-PROFIT ACT. ACCORDINGLY, NO PROVISION FOR FEDERAL OR STATE INCOME TAX HAS BEEN PRESENTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ACADEMY FOLLOWS THE PROVISIONS OF FASB ASC INCOME TAXES. THE STANDARD PRESCRIBES A MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT METHODOLOGY THAT A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION AS THEY RELATE TO THOSE TAX POSITIONS. THE ACADEMY DOES NOT EXPECT A SIGNIFICANT INCREASE OR DECREASE TO THE TOTAL AMOUNTS OF UNRECOGNIZED TAX POSITIONS DURING THE FISCAL YEAR ENDED JUNE 30, 2023. HOWEVER, THE ACADEMY IS SUBJECT TO REGULAR AUDIT BY TAX AUTHORITIES, INCLUDING A REVIEW OF ITS NONPROFIT STATUS, WHICH THE ACADEMY BELIEVES WOULD BE UPHELD UPON EXAMINATION. THE ACADEMY BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR THE POSITIONS TAKEN ON ITS TAX RETURNS. NONETHELESS, THE AMOUNTS ULTIMATELY PAID, IF ANY, UPON RESOLUTION OF THE ISSUES RAISED BY THE TAXING AUTHORITIES MAY DIFFER MATERIALLY FROM THE AMOUNTS ACCRUED FOR EACH YEAR. AS REQUIRED BY LAW, THE ACADEMY FILES AN INFORMATIONAL RETURN WITH THE FEDERAL GOVERNMENT ON AN ANNUAL BASIS - FORM 990 WITH THE INTERNAL REVENUE SERVICE. THIS RETURN IS SUBJECT TO EXAMINATION WITHIN CERTAIN STATUTORILY DEFINED PERIODS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 POLICY IS MADE AVAILABLE DURING THE REGISTRATION PERIOD. GOLF OUTING 12450 4806 7644 7644 BANQUET 72544 70441 2103 2103 84994 75247 9747 9747 9747 0 1 SCHOLARSHIPS 24 96925 PART I, LINE 2: SCHOLARSHIPS ARE APPLIED TO SCHOOL TUITION AND STUDENT EXPENSES AND ARE NOT USED FOR OUTSIDE PURPOSES. SCHOLARSHIPS ARE AWARDED IN ACCORDANCE WITH ESTABLISHED GUIDELINES. X 1 60839 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B VERITAS CHRISTIAN ACADEMY HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS PROVIDED TO THE MEMBERS OF THE ORGANIZATIONS GOVERNING BODY FOR ANY COMMENTS PRIOR TO ITS SUBMISSION. THE GOVERNING BODY IS PROVIDED WITH A REASONABLE AMOUNT OF TIME TO REVIEW THE FORM 990. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED THROUGH MANAGEMENT TO THE OUTSIDE ACCOUNTING FIRM. ANY APPLICABLE ISSUES ARE ADDRESSED PRIOR TO THE RETURN BEING FINALIZED AND APPROVED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C VERITAS CHRISTIAN ACADEMY CURRENTLY HAS IN PLACE A CONFLICT OF INTEREST POLICY WHICH IT REGULARLY MONITORS AND ENFORCES. THE BOARD MANDATES THAT ALL MEMBERS OF MANAGEMENT AND THE GOVERNING BODY SIGN A CONFLICT OF INTEREST POLICY ANNUALLY AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. IF A POTENTIAL OR ACTUAL CONFLICT OF INTEREST EXISTS, GOVERNING BODY AND MANAGEMENT WILL INVESTIGATE THE ISSUE. IF A CONFLICT OF INTEREST IS DETERMINED TO EXIST MANAGEMENT AND THE GOVERNING BODY WILL BE NOTIFIED IMMEDIATELY. THE MEMBER WILL NOT BE ALLOWED TO VOTE OR BE A PART OF ANY DECISIONS ABOUT ANY SUCH TRANSACTIONS THAT HAVE TO DO WITH THE CONFLICT UNTIL SUCH TIME THAT THERE IS NO LONGER A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE ORGANIZATIONS OFFICERS OR KEY EMPLOYEES IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES, AN INDEPENDENT BODY. FORM 990, PART VI, SECTION C, LINE 19 VERITAS CHRISTIAN ACADEMY MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE UPON WRITTEN REQUEST AT THE ORGANIZATIONS OFFICE AT 385 HOUSES CORNER ROAD SPARTA, NJ 07871. IN ADDITION FORM 1023 AS WELL AS THE FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST AT THE ORGANIZATIONS OFFICE AT 385 HOUSES CORNER ROAD SPARTA, NJ 07871. FORM 990 PART XII, LINE 2C NO CHANGE FROM PRIOR YEAR.