Totals
- Total revenue
- $5,730,260
- Total expenses
- $6,412,736
- Contributions and grants received
- $5,717,303
- Grants paid
- $102,477
- Program service revenue
- $449
- Investment income
- $49
- Other revenue
- $12,459
- Total assets, end of year
- $4,763,892
- Total liabilities, end of year
- $767,863
- Net assets or fund balances, end of year
- $3,996,029
- Program services expenses (Part IX)
- $4,801,796
- Management and general expenses
- $626,867
- Fundraising expenses
- $984,073
- Program service expenses (Part III)
- $4,801,796
Program services were 74.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$79,687
-
1f · All other contributions, gifts and grants
$5,637,616
-
1g · Noncash contributions included above
$0
-
2a · Program service revenue: PUBLICATIONS
total $449 · related or exempt $449 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $90 · related or exempt $0 · unrelated business $0 · excluded $90
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7a · Gross sales of assets other than inventory
securities $0 · other assets $0
-
7b · Less cost or other basis and sales expenses
securities $0 · other assets $41
-
7c · Gain or loss
securities $0 · other assets -$41
-
7d · Net gain or loss
total -$41 · related or exempt -$41 · unrelated business $0 · excluded $0
-
8a · Fundraising events: contributions included on line 1c
$0
-
11d · All other revenue
total $12,459 · related or exempt $12,459 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$12,459
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $3,550 · program services $3,550
-
3 · Grants to foreign organizations and individuals
total $98,927 · program services $98,927
-
5 · Compensation of officers, directors and key employees
total $821,665 · program services $557,741 · management and general $77,757 · fundraising $186,167
-
7 · Other salaries and wages
total $1,650,816 · program services $1,120,563 · management and general $156,223 · fundraising $374,030
-
9 · Other employee benefits
total $219,585 · program services $148,425 · management and general $13,933 · fundraising $57,227
-
10 · Payroll taxes
total $186,231 · program services $124,592 · management and general $13,469 · fundraising $48,170
-
11b · Fees: legal
total $75,022 · program services $2,061 · management and general $72,961
-
11c · Fees: accounting
total $68,686 · management and general $68,686
-
11g · Fees: other
total $1,091,277 · program services $888,789 · management and general $41,300 · fundraising $161,188
-
12 · Advertising and promotion
total $122,972 · program services $122,972
-
13 · Office expenses
total $163,138 · program services $97,595 · management and general $36,514 · fundraising $29,029
-
14 · Information technology
total $79,476 · program services $31,626 · management and general $26,983 · fundraising $20,867
-
16 · Occupancy
total $35,790 · program services $5,576 · management and general $29,369 · fundraising $845
-
17 · Travel
total $249,071 · program services $141,578 · management and general $51,547 · fundraising $55,946
-
19 · Conferences, conventions and meetings
total $1,100 · program services $25 · fundraising $1,075
-
24a · Other expenses: EVENT EXPENSES
total $1,524,287 · program services $1,452,920 · management and general $29,660 · fundraising $41,707
-
24e · All other expenses
total $21,143 · program services $4,856 · management and general $8,465 · fundraising $7,822
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,190,365 · end of year $3,591,648
-
3 · Pledges and grants receivable
beginning of year $620,688 · end of year $1,029,511
-
9 · Prepaid expenses and deferred charges
beginning of year $400,920 · end of year $142,733
-
10a · Land, buildings and equipment: cost or other basis
$149,555
-
10b · Land, buildings and equipment: accumulated depreciation
$149,555
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $533,468 · end of year $767,863
-
25 · Other liabilities
beginning of year $0 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $2,099,258 · end of year $1,917,501
-
28 · Net assets with donor restrictions
beginning of year $2,579,247 · end of year $2,078,528
Mission and programs · 2022
Mission
TO CREATE AND ENCOURAGE FORUMS, PRIMARILY ON UNIVERSITY CAMPUSES, THAT PUT THE CHRISTIAN FAITH IN DIALOGUE WITH OTHER BELIEFS AND INVITE PARTICIPANTS FROM ALL BACKGROUNDS TO PURSUE TRUTH TOGETHER.
-
THE VERITAS FORUM PUTS THE CHRISTIAN FAITH IN DIALOGUE WITH OTHER BELIEFS AND INVITES PARTICIPANTS FROM ALL BACKGROUNDS TO PURSUE TRUTH TOGETHER. WE COME ALONGSIDE STUDENTS, FACULTY, AND CAMPUS MINISTERS TO HELP CREATE FORUMS ON UNIVERSITY CAMPUSES AROUND THE WORLD THAT INVITE INTELLECTUALLY CURIOUS STUDENTS AND SCHOLARS TO EXPLORE LIFE'S BIG IDEAS. IN SUPPORT OF THIS WORK, WE CONNECT, FORM, AND TRAIN NETWORKS OF STUDENTS AND FACULTY LEADERS WHO CARRY ON THE CONVERSATIONS THROUGH JOURNALS AND SCHOLARSHIP, AND WE EXTEND THE CONVERSATIONS TO GLOBAL AUDIENCES THROUGH DIGITAL MEDIA.
Expenses $4,801,796 · Grants $102,477 · Revenue $449
As filed on the 2022 return.
Listed in Part VII
-
Andrew SchumanANDREW SCHUMAN
EXECUTIVE DIRECTOR
- Total calculated
- $323,884
- From this org
- $296,626
- From related orgs
- $0
- Other
- $27,258
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $284,593
- Bonus
- $0
- Other
- $0
- Deferred
- $12,033
- Nontaxable benefits
- $27,258
- Filer's total
- $323,884
-
Carol FausnaughtCAROL FAUSNAUGHT
VICE PRESIDENT
- Total calculated
- $205,000
- From this org
- $205,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $178,000
- Bonus
- $0
- Other
- $0
- Deferred
- $27,000
- Nontaxable benefits
- $0
- Filer's total
- $205,000
-
Michael LeeMICHAEL LEE
CHIEF OPERATING OFFICER
- Total calculated
- $148,539
- From this org
- $148,539
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Nathan HatchNATHAN HATCH
TRUSTEE
- Total calculated
- $91,500
- From this org
- $91,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 10
-
Mark CampisanoMARK CAMPISANO
SECRETARY
- Total calculated
- $80,000
- From this org
- $80,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 10
-
Ted CallahanTED CALLAHAN
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Ben ChelfBEN CHELF
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Grace NicoletteGRACE NICOLETTE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Andrea McDaniel SmithANDREA MCDANIEL SMITH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Ken MillerKEN MILLER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Annie TsaiANNIE TSAI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Cullen BuieCULLEN BUIE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 8 March 2024
- IRS schema version
- 2022v5.0
- Source object
- 202440729349300029
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