Veritas Sports Academy Inc in Greensboro, North Carolina (NC)

Organization representatives - add corrected or new information about Veritas Sports Academy Inc »

Non-representatives - add comments about Veritas Sports Academy Inc»

Veritas Sports Academy Inc
Employer Identification Number (EIN)203466078
Name of OrganizationVeritas Sports Academy Inc
In Care of NameGary D Newell
Address7616 Business Park Drive, Greensboro, NC 27409-9339
SubsectionEducational Organization, Charitable Organization
Ruling Date04/2007
DeductibilityContributions are deductible
FoundationSchool
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$10,000 to $24,999
Income$25,000 to $99,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$15,573
Amount of Income$81,469
Form 990 Revenue Amount$81,469
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Specialized Education Institutions


Non-representatives - add comments:


CAPTCHA

Your IP address 34.204.203.142 will be logged.

Amount of income in 2012: $81,469 (it was $142,513 in 2011)
This organization: 

 $81,469
Other organizations performing similar types of work: 

 $217,579

Assets in 2012: $15,573 (it was $26,388 in 2011)
This organization: 

 $15,573
Other organizations performing similar types of work: 

 $99,372

Expenses in 2012: $35,466
This organization: 

 $35,466
Other organizations performing similar types of work: 

 $243,038

Income to expenses ratio in 2012: 2.3
Veritas Sports Academy Inc: 

 2.3
Other organizations performing similar types of work: 

 1.1

Grants share in income in 2012: 0.0%
Veritas Sports Academy Inc: 

 0.0%
Other organizations performing similar types of work: 

 5.0%

Financial snapshot ($)

Functional expenses for 2012

Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2012)
Total revenue$81,469
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$81,469
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$0
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2012)
Total functional expenses$35,466
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$19,156
Payroll taxes$0
Professional fundraising services$0
Other$16,310
Balance Sheet (for 2012)
Total assets$15,573
Total liabilities$347,800
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$347,800
Total net assets or fund balances$-332,227
Retained earnings, endowment, accumulated income, or other funds$-332,227
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Support Schedule for Organizations Described in Section 509(a)(2) (for 2012)
2008 - 2012 Total
Total support$1,246,101
Gifts, grants, contributions, and membership fees received$1,246,101
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$0
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review


Would you recommend Veritas Sports Academy Inc to others? (optional)
  
Add photo of Veritas Sports Academy Inc (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1The Fletcher Academy School Of Achievement IncAchievement Inc, Raleigh, NC 27609NC2001-09$2,610,940
2The Mariposa School203 Gregson Dr, Cary, NC 27511-6495NC2001-05$1,225,641
3St Gerard House620 Oakland St, Hendersonvlle, NC 28791-3646NC2012-07$819,991
4Epiphany School Of Charlotte Inc1000 E Morehead St, Charlotte, NC 28204-2813NC2013-08$425,211
5Longleaf Academy Inc600 Valley View Rd, Southern Pnes, NC 28387-3518NC2011-01$193,563
6New Independence AcademyPO BOX 125, Pikeville, NC 27863-0125NC2014-07$91,952
7Veritas Sports Academy Inc7616 Business Park Drive, Greensboro, NC 27409-9339NC2007-04$81,469
8Shands School, Shands Institute130a West Matthews Street, Matthews, NC 28105NC2010-02$63,228
9Northern Orange Empowerment Group, Noeg Northern Orange Empowerment Group5124 Nc Hwy 86n, Hillsborough, NC 27278NC2005-04$2,500
10A License For Learning5807 High Point Rd, Greensboro, NC 27407-7004NC2001-11$0
11Academy Of Finance Of Wake County Inc5500 Dixon Dr, Raleigh, NC 27617NC2005-11$0
12Asperger Connection School503 Glendale Dr, Pikeville, NC 27863-9613NC2011-06$0
13Durhams Child Development Center2611 Broad St, Durham, NC 27704-3009NC2000-05$0
14Dynamic Community Charter School Inc5510 Munford Road, Raleigh, NC 27613NC2014-08$0
15Grace Studios Of Lincoln County Presents Kindermusik Inc2234 Heavner Rd, Lincolnton, NC 28092-8553NC2003-06$0
16Janb School726 E 11th St, Newton, NC 28658NC2003-05$0
17Jay Robinson Middle School Booster Club5925 Ballantyne Commons Pkwy, Charlotte, NC 28277NC2005-08$0
18Lomac Developmental Services Inc711 Amber Dr, Fayetteville, NC 28311NC1994-10$0
19Mentoring & Educational Network For Technical & OrganizationalPO BOX 1149, Kinston, NC 28503NC2003-08$0
20New West AcademyPO BOX 371, Weldon, NC 27890-0371NC2011-07$0
Number of organizations performing similar types of work
Alaska6
Alabama13
Arkansas14
Arizona26
California169
Colorado41
Connecticut24
District of Columbia17
Delaware5
Florida91
Georgia47
Hawaii7
Iowa7
Idaho8
Illinois42
Indiana22
Kansas10
Kentucky6
Louisiana8
Massachusetts39
Maryland34
Maine14
Michigan24
Minnesota21
Missouri20
Mississippi13
Montana5
North Carolina44
North Dakota4
Nebraska5
New Hampshire8
New Jersey43
New Mexico8
Nevada7
New York85
Ohio41
Oklahoma10
Oregon26
Pennsylvania39
Rhode Island5
South Carolina18
Tennessee25
Texas103
Utah11
Virginia34
Vermont2
Washington30
Wisconsin18
West Virginia4
Wyoming1
International10
Total1,314

NonProfitFacts.com is not associated with, endorsed by, or sponsored by Veritas Sports Academy Inc and has no official or unofficial affiliation with Veritas Sports Academy Inc