Nonprofit · EIN 05-0527441
VERITAS PREPARATORY ACADEMY
Also known as VERITAS PREP
Tax-exempt · PHOENIX, AZ 85034
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $9,857,384 | $9,879,631 | -$22,247 | $13,233,532 | $10,547,931 | $2,685,601 |
| June 30, 2024 | 990 | $10,122,599 | $10,087,231 | $35,368 | $13,473,635 | $10,801,557 | $2,672,078 |
| June 30, 2023 | 990 | $10,013,225 | $9,475,432 | $537,793 | $13,876,077 | $11,276,268 | $2,599,809 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,222,426
- of which government grants
- $188,377
- Program service revenue
- $8,029,395
- Investment income
- $40,993
- Net rental income
- $35,455
- Other revenue
- $564,570
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $133,165
- Other salaries and wages
- $4,544,114
- Salaries, compensation and benefits (total)
- $5,702,758
- Professional fundraising fees
- $0
- Accounting fees
- $13,200
- Occupancy
- $1,041,339
- Depreciation
- $229,111
- Program services (functional)
- $8,462,135
- Management and general (functional)
- $1,382,910
- Fundraising (functional)
- $34,586
Balance sheet and other
- Total assets, start of year
- $13,473,635
- Total assets, end of year
- $13,233,532
- Total liabilities, end of year
- $10,547,931
- Net assets, end of year
- $2,685,601
- Land, buildings and equipment
- $1,142,694
- Net assets without donor restrictions
- $2,685,601
- Gross receipts
- $9,857,384
- Employees
- 0
- Volunteers
- 300
- Year formed
- 2002
- State of legal domicile
- AZ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| THERESA WEILAND | HEADMASTER Officer | 40 | $0 | $112,208 | $20,957 |
| KARYN MERCADO | PREP TEACHER Highest-paid employee | 40 | $0 | $106,309 | $20,836 |
| ROBERT MULHERN | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 | $0 |
| CHRISTOFER PEREYRA | VICE CHAIRMA Trustee or director, Officer | 2 | $0 | $0 | $0 |
| JOHN THORPE | SECRETARY Trustee or director, Officer | 2 | $0 | $0 | $0 |
| MONA MOORE | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 9 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KARYN MERCADO | PREP TEACHER Highest-paid employee | 40 | $0 | $122,553 | $2,398 |
| THERESA WEILAND | HEADMASTER Officer | 40 | $0 | $120,177 | $2,019 |
| SIMRAN BASSI | PREP TEACHER Highest-paid employee | 40 | $0 | $103,697 | $1,828 |
| JEFFREY DICK | PREP MASTER Highest-paid employee | 40 | $0 | $100,198 | $1,859 |
| ROBERT MULHERN | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 | $0 |
| DIANE BISHOP | SECRETARY Trustee or director, Officer | 2 | $0 | $0 | $0 |
| CHRISTOFER PEREYRA | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| MONA MOORE | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| JOHN THORPE | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KARYN MERCADO | PREP TEACHER Highest-paid employee | 40 | $0 | $133,127 | $2,297 |
| SIMRAN BASSI | PREP TEACHER Highest-paid employee | 40 | $0 | $113,868 | $2,045 |
| THERESA WEILAND | HEADMASTER Officer | 40 | $0 | $104,455 | $1,724 |
| ROBERT MULHERN | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 | $0 |
| PHILIP TIRONE | VICE PRESIDE Trustee or director, Officer | 2 | $0 | $0 | $0 |
| DIANE BISHOP | SECRETARY Trustee or director, Officer | 2 | $0 | $0 | $0 |
| CHRISTOFER PEREYRA | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4717 E HILTON AVE STE 300, PHOENIX, AZ 85034-6413
- Principal officer (990 for 2024)
- MATTHEW BUSHARD, 4717 E HILTON AVE STE 300, PHOENIX, AZ 85034
- Signed the 990
- KATHERINE MCMILLAN, VP OF FINANCE
- Phone
- (602) 438-7045
- Website
- WWW.VERITASPREPACADEMY.ORG
- Return prepared by
- FESTER & CHAPMAN PLLC
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.
Program accomplishments
- 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.Expenses $8,462,135 · revenue $8,029,395
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 05-0527441
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2003
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B29)
- Assets (IRS master file)
- $13,233,532
- Income (IRS master file)
- $9,857,384
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $9,857,384 | $9,879,631 | $13,233,532 | XML |
| 990 | June 2024 | $10,122,599 | $10,087,231 | $13,473,635 | IRS |
| 990 | June 2023 | $10,013,225 | $9,475,432 | $13,876,077 | XML |
| 990 | June 2022 | $8,971,081 | $8,675,063 | $2,633,373 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 05-0527441).
Questions about VERITAS PREPARATORY ACADEMY
- What is the EIN of VERITAS PREPARATORY ACADEMY?
- The employer identification number (EIN) of VERITAS PREPARATORY ACADEMY is 05-0527441.
- Is VERITAS PREPARATORY ACADEMY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to VERITAS PREPARATORY ACADEMY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VERITAS PREPARATORY ACADEMY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of VERITAS PREPARATORY ACADEMY due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VERITAS PREPARATORY ACADEMY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of VERITAS PREPARATORY ACADEMY?
- The 990 for the year ended June 30, 2025 names MATTHEW BUSHARD.
- Who are the officers and directors of VERITAS PREPARATORY ACADEMY?
- The 990 for the year ended June 30, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does VERITAS PREPARATORY ACADEMY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $9,857,384, expenses of $9,879,631 and total assets of $13,233,532 at year end.
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