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 rating826 of 1104105 of 129
Fund acquisition rating1010 of 1105119 of 129
Resource allocation rating793 of 110597 of 129
Asset utilization rating336 of 110436 of 129

Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
9%11%16%14%16%18%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%11%16%14%16%18%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
22%100%100%100%97%100%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%15%21%19%13%16%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
78%0%0%0%3%0%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%77%71%74%81%76%
Spending ratio Spending ratio =
Total expenses /
Total revenue
95%75%78%74%121%112%
Program output ratio Program output ratio =
Program services /
Total revenue
77%58%56%55%98%85%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
5%25%22%26%-21%-12%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
5%31%24%39%-35%-14%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%8%8%7%6%8%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.510.860.730.931.691.19
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.611.001.001.011.011.01
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.400.860.730.931.701.20
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
8.639.7710.0410.366.0611.98
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.120.100.100.100.160.08
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
7.3712.4914.9011.625.889.15
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
24%10%16%16%16%8%
Debt ratio Debt ratio =
Debt /
Total assets
11%0%6%6%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
151%104%116%90%50%77%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$4,190,365$3,594,665$2,600,702$1,110,792$1,052,787
Receivables, inventories, prepaids$1,021,608$226,919$276,543$649,783$1,124,764
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$5,211,973$3,821,584$2,877,245$1,760,575$2,177,551
Long-term investments$0$0$0$0$0
Fixed assets$0$0$128$935$2,395
Other long-term assets$0$0$15,024$19,440$13,210
Total long-term assets$0$0$15,152$20,375$15,605
Total assets$5,211,973$3,821,584$2,892,397$1,780,950$2,193,156
 
Liabilities20222021202020192018
Payables and accrued expenses$533,468$380,587$277,738$290,385$181,757
Other current liabilities$0$0$0$0$0
Total current liabilities$533,468$380,587$277,738$290,385$181,757
Debt$0$220,910$184,454$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$0$220,910$184,454$0$0
Total liabilities$533,468$601,497$462,192$290,385$181,757
 
Net assets20222021202020192018
Without donor restrictions$2,099,258$1,078,314$775,860$147,973$422,890
With donor restrictions$2,579,247$2,141,773$1,654,345$1,342,592$1,588,509
Net assets$4,678,505$3,220,087$2,430,205$1,490,565$2,011,399
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$5,950,766$3,530,868$3,623,586$2,406,337$2,325,892
Program service revenue$696$710$752$1,594$1,157
Membership dues$0$0$0$0$0
Investment income($21)$50$121$129$220
Other revenue$1,003$0$538$71,748$47
Total other revenue$1,678$760$1,411$73,471$1,424
Total revenue$5,952,444$3,531,628$3,624,997$2,479,808$2,327,316
 
Expenses20222021202020192018
Program services$3,473,799$1,975,310$1,975,743$2,422,886$1,982,100
Management and general$340,405$223,956$189,915$186,638$215,298
Fundraising$679,871$572,610$519,699$391,837$418,999
Total expenses$4,494,075$2,771,876$2,685,357$3,001,361$2,616,397
 
Change in net assets20222021202020192018
Surplus (deficit)$1,458,369$759,752$939,640($521,553)($289,081)
Other changes in net assets$0$0$0$0$0
Total change in net assets$1,458,369$759,752$939,640($521,553)($289,081)

Compensation

NameTitleCompensation
Andrew SchumanExecutive Director$271,052
Carol FausnaughtVice President$203,430
Bethany JenkinsVice President$162,193
Nathan HatchTrustee$3,000

Compensation data as of: 6/30/2022


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