Nonprofit · EIN 56-2089482
VERITAS CHRISTIAN ACADEMY INC
Tax-exempt · FLETCHER, NC 28732
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $4,640,884 | $4,434,260 | $206,624 | $5,146,504 | $1,350,889 | $3,795,615 |
| June 30, 2024 | 990 | $4,250,112 | $4,178,652 | $71,460 | $5,187,878 | $1,598,887 | $3,588,991 |
| June 30, 2023 | 990 | $4,068,658 | $3,929,272 | $139,386 | $5,650,477 | $2,132,946 | $3,517,531 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,464,819
- of which government grants
- $1,283,584
- Program service revenue
- $3,117,784
- Investment income
- $7,283
- Net rental income
- $9,900
- Net income from fundraising events
- -$1,993
- Other revenue
- $50,998
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $146,305
- Other salaries and wages
- $2,630,682
- Salaries, compensation and benefits (total)
- $3,180,326
- Professional fundraising fees
- $0
- Accounting fees
- $36,800
- Occupancy
- $277,850
- Depreciation
- $100,871
- Program services (functional)
- $3,998,159
- Management and general (functional)
- $303,139
- Fundraising (functional)
- $132,962
Balance sheet and other
- Total assets, start of year
- $5,187,878
- Total assets, end of year
- $5,146,504
- Total liabilities, end of year
- $1,350,889
- Net assets, end of year
- $3,795,615
- Land, buildings and equipment
- $4,480,935
- Net assets without donor restrictions
- $3,640,474
- Net assets with donor restrictions
- $155,141
- Gross receipts
- $4,659,945
- Employees
- 105
- Volunteers
- 55
- Year formed
- 1998
- State of legal domicile
- NC
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 |
|---|---|---|---|
| Dr Robert Woods | School Headmaster Officer | 40 | $141,998 |
| Dr Gary Prechter | Chair Trustee or director, Officer | 5 | $0 |
| Kristen Martin | Treasurer Trustee or director, Officer | 3 | $0 |
| Dr Chris Meyer | Secretary Trustee or director, Officer | 2 | $0 |
| Rev Anthony Craver | Board Member Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Dr Robert Woods | School Headmaster Officer | 40 | $131,699 |
| Dr Gary Prechter | Chair Trustee or director, Officer | 5 | $0 |
| Kristen Martin | Treasurer Trustee or director, Officer | 3 | $0 |
| Dr Chris Meyer | Secretary Trustee or director, Officer | 2 | $0 |
| Rev Anthony Craver | Board Member Trustee or director | 2 | $0 |
990 for the year ended June 30, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Dr Robert Woods | School Headmaster Officer | 40 | $60,411 |
| Dr Gary Prechter | Chair Trustee or director, Officer | 5 | $0 |
| Kristen Martin | Treasurer Trustee or director, Officer | 3 | $0 |
| Dr Chris Meyer | Secretary Trustee or director, Officer | 2 | $0 |
| Rev Anthony Craver | Board Member Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 17 CANE CREEK RD, FLETCHER, NC 28732-9470
- In care of
- % GARY PRECTHER
- Principal officer (990 for 2024)
- Dr Gary Prechter, 17 Cane Creek Road, Fletcher, NC 28732
- Signed the 990
- Gary Prechter, Board Chair
- Phone
- (828) 681-0546
- Website
- veritasnc.org
- Return prepared by
- CORLISS & SOLOMON PLLC
Mission
Intelligent Faith: Equipping minds and engaging hearts for Gods Kingdom purposes. Please see our website for our philosophy and additional information.
Program accomplishments
- During the 2024-2025 school year, Veritas Christian Academy experienced a year of growth and tragedy. In late September our area was affected by Hurricane Helene and Veritas had to shut down for about a week. Many homes and businesses were flooded and a lot of people had to evacuate Western North Carolina altogether to have access to food, water and power. Veritas was able to reopen before most other schools because its location was restored quicker than others. Even with reopening some of our families struggled with some not able to return. Our community became closer during this time and our families became even stronger. . But, in the midst of hardship God remains faithful and true His blessings were ever present. Our enrollment had risen to 395 students with the largest graduating senior class that we have ever had. The festivities began with Welcome Back picnic and before we knew it the holidays were here with Lessons and Carols ringing through the church. By Spring the classic of The Music Man became alive on stage and was a beautiful production put on for all to see.Expenses $3,998,159 · revenue $3,117,784
- Our final gathering for the year was our Night of the Common Arts Fundraiser where adults came to view childrens art work, take classes, and roam the halls as if they were the students. Food was provided and a silent auction filled with artwork, handmade crafts and even baby chicks that were raised and hatched at our school. It was a beautiful event that filled our halls with even more joy and excitement!
- As we end our year our beloved Headmaster, Dr. Woods and his wife Tina, who worked in the front office, informed the school that they were leaving after serving our school for nearly eight years. Their warmth and care will be deeply missed as they poured so much of their time and themselves into everything they did. As our staff gathered around and prayed for them with thankfulness for all of their years, our prayers were also filled with deep searching for who would fill those shoes. Shortly thereafter God graciously answered our prayers and Eric Woernle accepted the position to start the 2025-26 school year.
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
- 56-2089482
- 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
- 1999
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B24)
- Assets (IRS master file)
- $5,146,504
- Income (IRS master file)
- $4,659,945
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $4,640,884 | $4,434,260 | $5,146,504 | XML |
| 990 | June 2024 | $4,250,112 | $4,178,652 | $5,187,878 | XML |
| 990 | June 2023 | $4,068,658 | $3,929,272 | $5,650,477 | XML |
| 990 | June 2022 | $3,762,205 | $3,379,723 | $5,617,927 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | 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 56-2089482).
Questions about VERITAS CHRISTIAN ACADEMY INC
- What is the EIN of VERITAS CHRISTIAN ACADEMY INC?
- The employer identification number (EIN) of VERITAS CHRISTIAN ACADEMY INC is 56-2089482.
- Is VERITAS CHRISTIAN ACADEMY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to VERITAS CHRISTIAN ACADEMY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VERITAS CHRISTIAN ACADEMY INC 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 CHRISTIAN ACADEMY INC 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 CHRISTIAN ACADEMY INC 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 CHRISTIAN ACADEMY INC?
- The 990 for the year ended June 30, 2025 names Dr Gary Prechter.
- Who are the officers and directors of VERITAS CHRISTIAN ACADEMY INC?
- The 990 for the year ended June 30, 2025 lists 5 people; 1 received compensation from the organization, the highest $141,998 (Dr Robert Woods, School Headmaster).
- How much revenue does VERITAS CHRISTIAN ACADEMY INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $4,640,884, expenses of $4,434,260 and total assets of $5,146,504 at year end.
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