2026-03-09T22:31:35-07:00 2024-12-31 990 2024-01-01 262949017 VERITAS ACADEMY VERI 6514623894 34888 Kable Avenue North Branch MN 55056 Susie Brooks President 6513679148 2025-10-06 1 2024 2025-03-06 01:10:19Z X Veritas Academy 34888 Kable Avenue North Branch MN 55056 645881 0 X www.veritasclassical.org X 2008 MN Veritas Academy exists to provide a Christ-centered, classical education that equips students, both domestic and international, with wisdom, virtue, and excellence, preparing them to flourish in their unique callings. 6 5 0 0 0 0 663019 275769 69625 370112 0 0 0 0 732644 645881 0 0 0 0 265450 184517 0 0 0 418163 384990 683613 569507 49031 76374 8879811 8793396 1229796 1530471 7650015 7262925 Veritas Academy exists to provide a Christ-centered, classical education that equips students, both domestic and international, with wisdom, virtue, and excellence, preparing them to flourish in their unique callings. 0 0 569507 807578 Veritas Academy provided a Christ-centered, classical education that equips students, both domestic and international, with wisdom, virtue, and excellence, preparing them to flourish in their unique callings. 0 0 0 No second program. 0 0 0 No third program 0 0 0 569507 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 X 6 5 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X Susie Brooks 6514623894 Veritas Academy 34888 Kable Avenue North Branch MN 55056 X Susie Brooks President and Founding Member 60 0 X X X X 0 0 0 Steven Brooks Director of Spiritual Formation and Founding Member 60 0 X X X 0 0 0 Seraiah Brooks Founding Member and Development Officer 40 0 X X X 0 0 0 Dakotak Shearer Board Member 6 0 X 0 0 0 Colin Gan Board Member 6 0 X 0 0 0 Donnell Bratton Board Member 6 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 275769 275769 Education 611110 370112 370112 0 0 0 0 0 0 370112 0 0 0 0 0 0 645881 370112 0 0 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 169304 169304 0 0 0 0 0 0 0 0 0 0 15213 15213 0 0 0 0 0 0 13965 13965 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 12559 12559 0 0 7992 7992 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 224797 224797 0 0 27240 27240 0 0 98437 98437 0 0 569507 569507 0 0 4031 753 0 0 0 0 80573 17100 0 0 1033038 0 155467 0 0 0 0 0 9474265 698722 7606702 8775543 0 0 0 0 0 0 0 0 0 0 8879811 8793396 1229796 1530471 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1229796 1530471 X 7650015 7262925 0 0 7650015 7262925 8879811 8793396 X 76374 0 0 0 -463464 0 X 1 1 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1224110 0 1224110 8106990 0 698722 7408268 40126 0 0 40126 103039 0 0 103039 0 0 0 0 8775543 Schedule D, Part VI, Line 1a The otganization owns land associated with school properties. Schedule D, Part VI, Line 1b The organization owns properties at 11723 Stinson Avenue and 34888 Kable Avenue, used for the purpose of fulfilling the organization's mission. Schedule D, Part VI, Line 1c The organization has made some improvements for the purpose of accomplishing it's mission. Schedule D, Part VI, Line 1d The organization invested in dorm furniture, kitchen equipment and classroom equipment. Schedule D, Part VI, Line 1e There are not other assets reported. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Schedule E, Part I, Line 3 Veritas Academy publishes the following statement on all of its publications: Veritas Academy does not discriminate based on race, color, or national and ethnic origin in administration of its educational programs, admission policies, and financial aid. 0 0 0 0 Form 990, Header, Line B During preparation of the originally filed Form 990, loan proceeds were inadvertently recorded as revenue. As a result, total revenue was overstated. This amendment corrects the error by properly classifying the amount as loan proceeds rather than income, thereby reducing reported revenue to reflect the organization's actual receipts. Form 990, Part VI, Section A, Line 2 Form 990, Part VI, Section A, Line 2 - Susie Brooks, President and Founder of the Academy, and Steven Brooks, Director of Spiritual Formation, Board Secretary and Director of Facilities, are husband and wife. Seraiah Brooks, Board Member, is son to the previously mentioned President and the Director of Spiritual Formation. Form 990, Part VI, Section B, Line 11b All board members have the right to request the in-process 990 submission at any time. Once completed, they are informed by email that it is ready for submission to the IRS. Form 990, Part VI, Section B, Line 12c The organization regularly monitors compliance through annual policy reviews, required disclosure forms, and ongoing oversight by leadership. Any potential violations are reviewed and addressed promptly to ensure consistent adherence to the policy. Form 990, Part VI, Section B, Line 15 We have a compensation policy that looks at comparable organizations in the state. The purpose of this policy is to establish a consistent framework for determining, administering, and reviewing compensation for teachers, staff, and administrators at Veritas Academy. This policy aims to: - Attract and retain high-quality faculty and staff committed to the mission of classical Christian education. - Ensure fairness, equity, and transparency in compensation decisions. - Align salaries with budget sustainability and market benchmarks. Form 990, Part VI, Section C, Line 19 During the tax year, the organization made its governing documents, conflict of interest policy, and financial statements available to the public upon request. Copies could be obtained by contacting the organization's main office by mail, email, or telephone. Form 990, Part IX, Line 24e Facilities, maintenance, repairs, transportation and administrative. Form 990, Part XI, Line 9 Lost revenue from unexpected early student withdrawal. Our independent accountant was unable to finish reviewing our financials due to unavoidable circumstances. We submitted form 8868 and it was accepted.