Veritas Educational Ministries Corp
Nonprofit profile at a glance
- EIN
- 832363187
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990-EZ 2024
- Location
- Dawsonville, GA, USA
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Educational Services and Schools - Other
Reported finances
- Revenue
- $184,355
- Expenses
- $191,787
- Assets
- $43,866
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- Daniel C Ippolito (CEO)
People named in this filing
- Daniel C Ippolito (CEO)
- Aime C Pritchett (COO)
- Kathy A Ippolito (CFO)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Operating a hybrid Christian homeschool program providing 2 days per week of in-person classroom instruction curriculum oversight and parental training. Partnered with families to deliver academic coursework integrated with a Christian worldview successfully serving 90-120 students across grades Kindergarten through 12th grade.
What it reported doing in 2024
Veritas provides a Christ-centered hybrid educational program serving 89 students in grades 1 through 12. Operating on a university-schedule model the school combines 2 days of rigorous on-campus classroom instruction with 3 days of structured home-based learning. This model explicitly partners with parents to foster academic excellence character development and biblical discipleship. Key activities during the tax year included delivering standard-aligned curriculum across core subjects Math Science Language Arts History and Bible theology hosting weekly chapel services and offering targeted extracurricular programs. Measurable outcomes achieved during this period include: Enrollment & Retention: Successfully educated 89 total students across elementary middle and high school levels maintaining an active parent-teacher partnership across all households. Academic Excellence: Delivered a complete curriculum resulting in a [Insert %] passing advancement rate with [Insert Number] high school seniors successfully graduating. Community & Spiritual Growth: Conducted regular chapel services and student-led ministry outreach fostering character development alongside academic metrics
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% 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.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 82
- Sustainability: 20
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -4%; rating input score 24; 24th percentile among comparable filings
- Total-asset coverage ratio: 0.23; rating input score 21; 21st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 10.2%; rating input score 21; 21st percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $192K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 24/100.
- High — Sustainability: Total-asset coverage ratio scored 21/100.
- High — Sustainability: Officer compensation ratio scored 21/100.