Mission
THE PRIMARY EXEMPT PURPOSE OF THE CORPORATION IS TO OPERATE A SCHOOL (KINDERGARTEN THROUGH 12TH GRADE), THAT CLOSELY ADHERES TO THE STATEMENT OF FAITH AND PURPOSE AS SET OUT IN SECTIONS 1 AND 2 OF ARTICLE II OF THE CORPORATIONS BY LAWS.
Small Public Charity
VERITAS ACADEMY
VERITAS ACADEMY is a Small Public Charity headquartered in TEXARKANA, AR. Financial data from the 2022 filing: $5 revenue, $97K expenses, $48K total assets.
EIN: 263751359
TEXARKANA, AR
Elementary & Secondary Schools
NTEE: B20
Latest filing: 2022
Total Revenue$5
Total Expenses$97K
Total Assets$48K
Grant Records0
Filing Years2018–2022
Where $100 goes at Veritas Academy
How Veritas Academy divides every $100 it spends, from its own Form 990-EZ filings, averaged across 3 years.
$98
Programs
the work itself
$2
Everything else
operations and overhead
Form 990-EZ reports program spending but doesn't separate management from fundraising, so those are shown together.
Inside the $98 for programs
$98
The COVID epidemic created an enrollment and financial environment that forced the organization to close it's school and to begin winding down the activities of the organization to…
Source: Form 990-EZ filings with the IRS, latest fiscal year 2022. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Officers & Directors
DIRECTOR
Anita Kay Mccraw
HEADMASTER
Joe Ben House
BOARD SECRET
Richard Hornok
Officer compensation and complete director data available with membership.
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2022 | $5 | $97K | $48K |
| 2019 | $598K | $180K | $584K |
| 2018 | $193K | $198K | $18K |
Between 2018 and 2022, reported annual revenue declined from $193K to $5 (-100%), with total assets most recently reported at $48K.
Interactive year-over-year charts and full filing details available with membership.