990 Filing — Veritas Unmasked

📄

The Veritas Schools — Form 990

Tax Period: May 2025 | EIN: 87-2758480 | 30 Pages | PDF, 1.2 MB

Download 990 Filing Or view directly on the IRS website

What is a Form 990?

Form 990 is the annual information return that tax-exempt organizations must file with the IRS. It is public record — anyone can request and review it. The 990 reveals:

Revenue and expenses — how much the organization took in and where it went
Executive compensation — what the founder and leadership are paid
Program service accomplishments — what the org claims it achieved
Fundraising costs — how much is spent raising money vs. delivering programs
Board of Directors — who governs the organization and their compensation
Related organizations and transactions — any financial relationships with insiders

Questions This Filing Should Answer

How much is Brandon Fleming paid?

As President & CEO of a nonprofit charging $14,800+ per student, what is his total compensation including salary, bonuses, and benefits?

Program vs. overhead ratio?

What percentage of revenue actually goes to student programming versus administrative costs, travel, marketing, and executive compensation?

How much goes to financial aid?

Veritas claims financial aid is "guaranteed to all who demonstrate need." How much was actually awarded? What percentage of students received meaningful aid?

Where does travel program money go?

Dubai, Italy, Japan, South Africa — these trips cost families thousands. How are those funds accounted for in the 990?

Settlement payments?

If the organization has paid settlements to families with NDAs attached, how are those payments categorized in the filing?

Related party transactions?

Does the 990 disclose any financial transactions between Veritas and Brandon Fleming's personal speaking business, book deals, or film projects?

The Veritas Schools | EIN: 87-2758480

You can look up any nonprofit's 990 at IRS Tax Exempt Organization Search or ProPublica Nonprofit Explorer