Veritas Christian Academy
Legal name: Veritas Christian Academy Inc
Nonprofit profile at a glance
- EIN
- 272354818
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Wayland, MA, USA
- Phone
- 508-653-1188
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Primary, Elementary Schools
- Affiliation
- Christianity
Reported finances
- Revenue
- $4,927,197
- Expenses
- $4,201,994
- Assets
- $10,042,068
- Liabilities
- $2,655,217
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- CYNTHIA WELLMAN (EXECUTIVE DIRECTOR)
Highest reported compensation
- SCOTT A BERTHEL (PRINCIPAL): $81,575 total reported compensation
- CYNTHIA WELLMAN (EXECUTIVE DIRECTOR): $74,923 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Veritas means truth, and together we are on a mission to develop in our students an authentic faith in Christ, an unconditional love for all people, and the ability to reason through the complex problems of this world. Veritas Christian Academy in Wayland, Massachusetts, has a rich and inspiring history. Founded in 2010 after the closing of Westgate Christian Academy, the school was established by a group of dedicated parents and community members who recognized the great need for a Christ-centered education in MetroWest Boston. With no outside funding or church affiliation, Veritas began simply with $30,000 donated by the five founding families and opened as the first faith-based private school in Wayland’s 200-year history. From the earliest years, Veritas has been distinct by design, blending a sincere commitment to developing intellectual curiosity while fostering wisdom and...
What it reported doing in 2024
Providing a private education for preschool through eighth grade that promotes high educational achievement and character development based on the foundation of a biblical worldview.
Operating model
- Revenue model
- Earned-program. 78% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 88% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 67
- Transparency & Controls: 94
- Accountability: 60
- Sustainability: 64
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 69%; rating input score 69
- Program expense ratio: 82.8%; rating input score 83
- Fundraising efficiency: $2.91 raised per $1 spent on fundraising; rating input score 8; 8th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 75%; rating input score 75; 13th percentile among comparable filings
- Governance controls: 3 of 8 controls in place; rating input score 38
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 14.7%; rating input score 70; 70th percentile among comparable filings
- Total-asset coverage ratio: 2.39; rating input score 67; 67th percentile among comparable filings
- Liabilities to assets ratio: 0.26; rating input score 37; 37th percentile among comparable filings
- Officer compensation ratio: 3.7%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 15.6% per year; rating input score 100; 79th percentile among comparable filings
- Revenue growth: 16.5% per year; rating input score 100; 84th percentile among comparable filings
- Asset growth: 22.9% per year; rating input score 100; 87th percentile among comparable filings
Details
- What they do: 5 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 69% of revenue deployed · 82.8% of spending went to programs
- Governance: 6 of 8 board members independent · 3 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $3.5M in reported program spending
- Leadership: top reported pay $82K · 8 people listed
- Highest-paid contractors: 1 contractor listed · $328K reported
- Consistency: 32 of 32 current checks pass
- Schedules: 7 filed schedules · includes major donors and grants
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Accountability: Governance controls: 5 of 8 not reported.
- High — Financial Efficiency: Fundraising efficiency scored 8/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 37/100.