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Nonprofit · EIN 85-2628713

VETERUM SAPIENTIA INSTITUTE INC

Tax-exempt · BELMONT, NC 28012

Financials

$373K$346K2023
Revenue Expenses · by fiscal year end
Financials of VETERUM SAPIENTIA INSTITUTE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
August 31, 2024990$373,088$345,740$27,348$110,741$35,728$75,013
Financial details: 990 for the year ended August 31, 2024

Revenue

Contributions, gifts and grants
$147,588
Program service revenue
$225,490
Investment income
$10
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$106,615
Other salaries and wages
$84,698
Salaries, compensation and benefits (total)
$204,790
Professional fundraising fees
$0
Travel
$3,250
Depreciation
$655
Program services (functional)
$172,590
Management and general (functional)
$160,056
Fundraising (functional)
$13,094

Balance sheet and other

Total assets, start of year
$67,912
Total assets, end of year
$110,741
Total liabilities, end of year
$35,728
Net assets, end of year
$75,013
Land, buildings and equipment
$1,265
Gross receipts
$373,088
Employees
4
Volunteers
0
Year formed
2020
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 August 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
Christopher OwensChief Executive Officer
Trustee or director, Officer
40$68,929
Nancy LlewellynCo-Founder
Trustee or director
4$4,887
John PepinoAcademic Dean
Trustee or director
4$4,517
Jason BaroneCo-Founder
Trustee or director
0$0
Eric HewettCo-Founder
Trustee or director
0$0

Address and contacts

Address (IRS master file)
5088 ABBINGTON WAY, BELMONT, NC 28012-2353
In care of
% NANCY LLEWELLYN
Mailing address (990-N for 2022)
5088 Abbington Way, Belmont NC 28012
Principal officer (990 for 2023)
Christopher Owens, 6414 W Wilkinson Blvd number332, Belmont, NC 28012
Principal officer (990-N for 2022)
Eric Hewett, 5088 Abbington Way, Belmont NC 28012
Signed the 990
Christopher Owens, CEO
Phone
(828) 468-8929

Mission

To teach living Latin to educators, clergy and lay persons such that they are enriched in knowledge of writings, texts, and traditions of Church gathers and timeless philosophers.

990 for the year ended August 31, 2024

Program accomplishments

  • On-line Latin instructional courses & tutoring
    Expenses $120,316 · revenue $159,077
  • Immersion Workshops/Seminars
    Expenses $38,024 · revenue $52,388
  • Educational Tours
    Expenses $14,250 · revenue $14,026

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 August, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025August 31, 2026January 15, 2027Not due yet
2024August 31, 2025January 15, 2026Not on file
2023August 31, 2024January 15, 2025990 on file

IRS record

EIN
85-2628713
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2020
Accounting year ends
August
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B28)
Assets (IRS master file)
$110,741
Income (IRS master file)
$373,088

Filing history

FormYear endedRevenueExpensesAssetsReturn
990August 2024$373,088$345,740$110,741IRS
990-N for 2022
Officer: Eric Hewett
December 31, 2022≤ $50,000 receipts––e-Postcard
990-N for 2019
Officer: Eric Hewett
August 31, 2020≤ $50,000 receipts––e-Postcard

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 85-2628713).

Questions about VETERUM SAPIENTIA INSTITUTE INC

What is the EIN of VETERUM SAPIENTIA INSTITUTE INC?
The employer identification number (EIN) of VETERUM SAPIENTIA INSTITUTE INC is 85-2628713.
Is VETERUM SAPIENTIA INSTITUTE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
Are donations to VETERUM SAPIENTIA INSTITUTE INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does VETERUM SAPIENTIA INSTITUTE 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 VETERUM SAPIENTIA INSTITUTE INC due?
The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did VETERUM SAPIENTIA INSTITUTE INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended August 2024.
Who is the principal officer of VETERUM SAPIENTIA INSTITUTE INC?
The 990 for the year ended August 31, 2024 names Christopher Owens.
Who are the officers and directors of VETERUM SAPIENTIA INSTITUTE INC?
The 990 for the year ended August 31, 2024 lists 5 people; 3 received compensation from the organization, the highest $68,929 (Christopher Owens, Chief Executive Officer).
How much revenue does VETERUM SAPIENTIA INSTITUTE INC have?
On its 990 for the year ended August 31, 2024 it reported revenue of $373,088, expenses of $345,740 and total assets of $110,741 at year end.

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