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Nonprofiteer
← THE VERITAS FORUM INC

Form 990 for tax year 2024

Filed by THE VERITAS FORUM INC.

Totals

Total revenue
$5,964,867
Total expenses
$6,960,111
Contributions and grants received
$5,797,555
Grants paid
$200,356
Program service revenue
$516
Investment income
$163,268
Other revenue
$3,528
Total assets, end of year
$5,450,688
Total liabilities, end of year
$1,085,170
Net assets or fund balances, end of year
$4,365,518
Program services expenses (Part IX)
$5,213,596
Management and general expenses
$658,944
Fundraising expenses
$1,087,571
Program service expenses (Part III)
$5,213,596

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)

    $0

  • 1f · All other contributions, gifts and grants

    $5,797,555

  • 1g · Noncash contributions included above

    $39,888

  • 2a · Program service revenue: PUBLICATIONS

    total $516 · related or exempt $516 · 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 $163,175 · related or exempt $0 · unrelated business $0 · excluded $163,175

  • 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 $19,797

  • 7b · Less cost or other basis and sales expenses

    securities $0 · other assets $19,704

  • 7c · Gain or loss

    securities $0 · other assets $93

  • 7d · Net gain or loss

    total $93 · related or exempt $93 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11a · Other revenue: MISCELLANEOUS

    total $3,528 · related or exempt $3,528 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $3,528

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $89,450 · program services $89,450

  • 2 · Grants to domestic individuals

    total $1,310 · program services $1,310

  • 3 · Grants to foreign organizations and individuals

    total $109,596 · program services $109,596

  • 5 · Compensation of officers, directors and key employees

    total $1,355,643 · program services $955,162 · management and general $131,176 · fundraising $269,305

  • 7 · Other salaries and wages

    total $1,654,369 · program services $1,152,034 · management and general $169,810 · fundraising $332,525

  • 8 · Pension plan contributions

    total $90,235 · program services $65,936 · management and general $9,256 · fundraising $15,043

  • 9 · Other employee benefits

    total $323,954 · program services $216,824 · management and general $31,097 · fundraising $76,033

  • 10 · Payroll taxes

    total $199,142 · program services $132,837 · management and general $19,247 · fundraising $47,058

  • 11b · Fees: legal

    total $21,903 · management and general $21,903

  • 11c · Fees: accounting

    total $74,526 · management and general $74,526

  • 11g · Fees: other

    total $1,157,936 · program services $903,165 · management and general $49,620 · fundraising $205,151

  • 12 · Advertising and promotion

    total $88,093 · program services $88,093

  • 13 · Office expenses

    total $111,618 · program services $42,117 · management and general $43,464 · fundraising $26,037

  • 14 · Information technology

    total $92,475 · program services $41,909 · management and general $32,022 · fundraising $18,544

  • 16 · Occupancy

    total $32,243 · program services $16,843 · management and general $10,190 · fundraising $5,210

  • 17 · Travel

    total $238,220 · program services $131,841 · management and general $47,944 · fundraising $58,435

  • 19 · Conferences, conventions and meetings

    total $2,687 · program services $887 · fundraising $1,800

  • 23 · Insurance

    total $4,416 · management and general $4,416

  • 24a · Other expenses: EVENT EXPENSES

    total $1,294,074 · program services $1,263,516 · management and general $4,644 · fundraising $25,914

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $15,608 · program services $1,864 · management and general $7,292 · fundraising $6,452

  • 24e · All other expenses

    total $2,613 · program services $212 · management and general $2,337 · fundraising $64

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $442,908 · end of year $943,194

  • 2 · Savings and temporary cash investments

    beginning of year $4,405,486 · end of year $4,276,800

  • 3 · Pledges and grants receivable

    beginning of year $1,322,132 · end of year $4,464

  • 9 · Prepaid expenses and deferred charges

    beginning of year $76,213 · end of year $224,897

  • 10c · Land, buildings and equipment, net

    beginning of year $0

  • 15 · Other assets

    beginning of year $1,334 · end of year $1,333

  • 17 · Accounts payable and accrued expenses

    beginning of year $890,010 · end of year $1,085,170

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $3,482,128 · end of year $3,967,126

  • 28 · Net assets with donor restrictions

    beginning of year $1,875,935 · end of year $398,392

Mission and programs · 2024

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 $5,213,596 · Grants $200,356 · Revenue $516

As filed on the 2024 return.

Listed in Part VII

  • ANDREW SCHUMAN

    EXECUTIVE DIRECTOR

    Total calculated
    $372,796
    From this org
    $344,458
    From related orgs
    $0
    Other
    $28,338
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $330,441
    Bonus
    $0
    Other
    $0
    Deferred
    $14,017
    Nontaxable benefits
    $28,338
    Filer's total
    $372,796

  • MICHAEL LEE

    CHIEF OPERATING OFFICER

    Total calculated
    $272,457
    From this org
    $272,457
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $249,457
    Bonus
    $0
    Other
    $0
    Deferred
    $23,000
    Nontaxable benefits
    $0
    Filer's total
    $272,457

  • CAROL FAUSNAUGHT

    VICE PRESIDENT OF DEVELOPMENT

    Total calculated
    $231,250
    From this org
    $231,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,750
    Bonus
    $0
    Other
    $0
    Deferred
    $30,500
    Nontaxable benefits
    $0
    Filer's total
    $231,250

  • JARED DAUGHERTY

    VICE PRESIDENT OF THE VERITAS SCHOLARS PROGRAM

    Total calculated
    $189,667
    From this org
    $189,667
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,050
    Bonus
    $0
    Other
    $0
    Deferred
    $7,617
    Nontaxable benefits
    $0
    Filer's total
    $189,667

  • BETHANY JENKINS

    VICE PRESIDENT OF MEDIA

    Total calculated
    $183,259
    From this org
    $174,175
    From related orgs
    $0
    Other
    $9,084
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,904
    Bonus
    $0
    Other
    $0
    Deferred
    $21,271
    Nontaxable benefits
    $9,084
    Filer's total
    $183,259

  • ASHLEY BYRD

    VICE PRESIDENT, UNIVERSITY PARTNERS

    Total calculated
    $170,401
    From this org
    $144,997
    From related orgs
    $0
    Other
    $25,404
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,371
    Bonus
    $0
    Other
    $0
    Deferred
    $14,625
    Nontaxable benefits
    $25,404
    Filer's total
    $170,400

  • NATHAN HATCH

    TRUSTEE

    Total calculated
    $120,300
    From this org
    $120,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • MARK CAMPISANO

    SECRETARY

    Total calculated
    $13,000
    From this org
    $13,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • TED CALLAHAN

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • BEN CHELF

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • GRACE NICOLETTE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ANDREA MCDANIEL SMITH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • KEN MILLER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ANNIE TSAI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • CULLEN 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

Provenance

Return type
form_990
Tax year
2024
Filed
17 April 2026
IRS schema version
2024v5.0
Source object
202641109349300469

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