The Veritas Forum

The information on this page was last updated 3/26/2023. If you see errors or omissions, please email: [email protected]


Summary

We are an international community of students, faculty, campus ministers, and more, who are pursuing a vision of the university that seeks and stewards truth and invites people of all backgrounds to explore the ideas that shape our lives.


Contact information

Mailing address:
The Veritas Forum
PO Box 380807
Cambridge, MA 02238

Website: veritas.org

Phone: 617.491.2055

Email: [email protected]


Organization details

EIN: 205616941

CEO/President: Andrew Schuman

Chairman: Ben Chelf

Board size: 9

Founder:

Ruling year: 2007

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 2006


Purpose

The Veritas Forum is grounded and motivated by the historic Christian faith that seeks to love God and neighbor. We affirm the Nicene Creed, and we are ecumenical and invitational in our approach.


Mission statement


Statement of faith

Donor confidence score

Show donor confidence score details

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating879 of 1077105 of 130
Fund acquisition rating1030 of 1078124 of 130
Resource allocation rating891 of 1078102 of 130
Asset utilization rating321 of 107727 of 130

Financial ratios

Funding ratiosSector median2020201920182017
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
11%14%16%18%11%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%14%16%18%11%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
18%100%97%100%100%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%19%13%16%17%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
82%0%3%0%0%
 
Operating ratiosSector median2020201920182017
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%74%81%76%75%
Spending ratio Spending ratio =
Total expenses /
Total revenue
95%74%121%112%65%
Program output ratio Program output ratio =
Program services /
Total revenue
79%55%98%85%48%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
5%26%-21%-12%35%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
4%39%-35%-14%50%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%7%6%8%8%
 
Investing ratiosSector median2020201920182017
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.500.931.691.190.87
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.661.011.011.011.01
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.540.931.701.200.88
 
Liquidity ratiosSector median2020201920182017
Current ratio Current ratio =
Total current assets /
Total current liabilities
7.3010.366.0611.9820.28
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.140.100.160.080.05
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.4111.625.889.1512.97
 
Solvency ratiosSector median2020201920182017
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
25%16%16%8%5%
Debt ratio Debt ratio =
Debt /
Total assets
15%6%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
143%90%50%77%109%

Financials

Balance sheet
 
Assets2020201920182017
Cash$2,600,702$1,110,792$1,052,787$1,198,306
Receivables, inventories, prepaids$276,543$649,783$1,124,764$1,191,712
Short-term investments$0$0$0$0
Other current assets$0$0$0$0
Total current assets$2,877,245$1,760,575$2,177,551$2,390,018
Long-term investments$0$0$0$0
Fixed assets$128$935$2,395$15,834
Other long-term assets$15,024$19,440$13,210$12,481
Total long-term assets$15,152$20,375$15,605$28,315
Total assets$2,892,397$1,780,950$2,193,156$2,418,333
 
Liabilities2020201920182017
Payables and accrued expenses$277,738$290,385$181,757$117,853
Other current liabilities$0$0$0$0
Total current liabilities$277,738$290,385$181,757$117,853
Debt$184,454$0$0$0
Due to (from) affiliates$0$0$0$0
Other long-term liabilities$0$0$0$0
Total long-term liabilities$184,454$0$0$0
Total liabilities$462,192$290,385$181,757$117,853
 
Net assets2020201920182017
Without donor restrictions$775,860$147,973$422,890$711,971
With donor restrictions$1,654,345$1,342,592$1,588,509$1,588,509
Net assets$2,430,205$1,490,565$2,011,399$2,300,480
 
Revenues and expenses
 
Revenue2020201920182017
Total contributions$3,623,586$2,406,337$2,325,892$3,247,076
Program service revenue$752$1,594$1,157$1,963
Membership dues$0$0$0$0
Investment income$121$129$220$69
Other revenue$538$71,748$47$7,325
Total other revenue$1,411$73,471$1,424$9,357
Total revenue$3,624,997$2,479,808$2,327,316$3,256,433
 
Expenses2020201920182017
Program services$1,975,743$2,422,886$1,982,100$1,570,257
Management and general$189,915$186,638$215,298$167,100
Fundraising$519,699$391,837$418,999$365,215
Total expenses$2,685,357$3,001,361$2,616,397$2,102,572
 
Change in net assets2020201920182017
Surplus (deficit)$939,640($521,553)($289,081)$1,153,861
Other changes in net assets$0$0$0$0
Total change in net assets$939,640($521,553)($289,081)$1,153,861

Compensation

Compensation data for this ministry has not been collected.


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 3/26/2023. To update the information below, please email: [email protected]


History

Students, faculty, and chaplains at Harvard University planned the first Veritas Forum in 1992. Since then, 200+ universities in North America, Europe, and Asia have hosted 2,000+ Forums. Today, our work includes Forum events, student-run publications, original media content, and more.


Program accomplishments

Since its founding, The Veritas Forum has grown in depth and breadth.

200+ host universities

800,000+ event participants

25+ student journals

36m+ YouTube channel views


Needs