Veritas Christian Academy 
The information on this page was last updated 8/12/2026. If you see errors or omissions, please email: [email protected]
Summary
Contact information
Mailing address:
Veritas Christian Academy
6 Loker St.
Wayland, MA 01778
Website: veritasma.org
Phone: (508) 653-1188
Email: [email protected]
Organization details
EIN: 272354818
CEO/President: Scott Berthel / Cindy Wellman
Chairman: Joseph Medendorp
Board size: 7
Founder:
Ruling year: 2010
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: No
Member of ECFA since:
Purpose
We are pursuing excellence through faith, love, and reason, cultivating truth seekers, with resilient souls, who unconditionally love, have teachable hearts, and rise to high expectations. Veritas teaches students how to think, not what to think.
Mission statement
to develop in our students an authentic faith in Christ, an unconditional love for all people, and the ability to reason through the complex problems of this world.
Statement of faith
Donor confidence score
Show donor confidence score details
To understand our donor confidence score, click here.
Transparency grade
D
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: K-12 Schools/Academies
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 1140 of 1472 | 184 of 206 |
| Fund acquisition rating | | 1367 of 1472 | 204 of 206 |
| Resource allocation rating | | 755 of 1472 | 111 of 206 |
| Asset utilization rating | | 786 of 1473 | 118 of 206 |
According to the organization's Form 990, it received $12,600 in government grants in 2025.
To understand our financial efficiency ratings, click here.
Financial ratios
| Funding ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 11% | 34% | 9% | 17% | 3% | 8% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 2% | 7% | 3% | 3% | 1% | 3% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 13% | 19% | 37% | 19% | 46% | 31% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 2% | 8% | 5% | 4% | 2% | 3% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 87% | 81% | 63% | 81% | 54% | 69% |
| Operating ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Program expense ratio Program expense ratio = Program services / Total expenses | 83% | 83% | 83% | 86% | 90% | 90% |
Spending ratio Spending ratio = Total expenses / Total revenue | 93% | 85% | 63% | 83% | 56% | 76% |
Program output ratio Program output ratio = Program services / Total revenue | 77% | 71% | 53% | 71% | 50% | 68% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 7% | 15% | 37% | 17% | 44% | 24% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 7% | 10% | 34% | 16% | 57% | 41% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 14% | 9% | 12% | 10% | 7% | 7% |
| Investing ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.55 | 0.42 | 0.41 | 0.45 | 0.41 | 0.49 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.94 | 1.72 | 1.66 | 1.93 | 1.71 | 2.25 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.84 | 0.72 | 0.68 | 0.87 | 0.69 | 1.10 |
| Liquidity ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Current ratio Current ratio = Total current assets / Total current liabilities | 2.80 | 6.53 | 5.21 | 3.34 | 3.89 | 3.35 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.35 | 0.15 | 0.19 | 0.30 | 0.26 | 0.30 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 3.92 | 14.10 | 14.20 | 9.68 | 12.87 | 7.68 |
| Solvency ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 30% | 26% | 31% | 41% | 44% | 63% |
Debt ratio Debt ratio = Debt / Total assets | 10% | 18% | 19% | 25% | 29% | 50% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 116% | 176% | 169% | 132% | 139% | 76% |
Financials
| Balance sheet | |||||
| Assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Cash | $5,639,135 | $4,292,509 | $3,597,181 | $3,519,403 | $1,861,811 |
| Receivables, inventories, prepaids | $189,369 | $1,488,707 | $229,008 | $314,863 | $26,654 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $5,828,504 | $5,781,216 | $3,826,189 | $3,834,266 | $1,888,465 |
| Long-term investments | $0 | $0 | $0 | $39,094 | $8,267 |
| Fixed assets | $4,145,064 | $3,800,526 | $3,567,709 | $2,678,115 | $2,361,497 |
| Other long-term assets | $68,500 | $3,500 | $3,500 | $0 | $0 |
| Total long-term assets | $4,213,564 | $3,804,026 | $3,571,209 | $2,717,209 | $2,369,764 |
| Total assets | $10,042,068 | $9,585,242 | $7,397,398 | $6,551,475 | $4,258,229 |
| Liabilities | 2025 | 2024 | 2023 | 2022 | 2021 |
| Payables and accrued expenses | $17,278 | $86,418 | $20,898 | $72,641 | $11,514 |
| Other current liabilities | $875,585 | $1,023,249 | $1,123,153 | $914,209 | $552,285 |
| Total current liabilities | $892,863 | $1,109,667 | $1,144,051 | $986,850 | $563,799 |
| Debt | $1,762,354 | $1,813,927 | $1,872,152 | $1,887,153 | $2,129,694 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $0 | $0 | $0 | $0 |
| Total long-term liabilities | $1,762,354 | $1,813,927 | $1,872,152 | $1,887,153 | $2,129,694 |
| Total liabilities | $2,655,217 | $2,923,594 | $3,016,203 | $2,874,003 | $2,693,493 |
| Net assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Without donor restrictions | $7,261,851 | $6,572,941 | $4,330,649 | $2,897,307 | $1,167,472 |
| With donor restrictions | $125,000 | $88,707 | $50,546 | $780,165 | $397,264 |
| Net assets | $7,386,851 | $6,661,648 | $4,381,195 | $3,677,472 | $1,564,736 |
| Revenues and expenses | |||||
| Revenue | 2025 | 2024 | 2023 | 2022 | 2021 |
| Total contributions | $960,278 | $2,294,573 | $770,293 | $2,196,550 | $843,905 |
| Program service revenue | $3,854,035 | $3,823,343 | $3,211,795 | $2,551,629 | $1,868,944 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $112,884 | $110,170 | $35,681 | $11,220 | $1,491 |
| Other revenue | $0 | $0 | $0 | $0 | $0 |
| Total other revenue | $3,966,919 | $3,933,513 | $3,247,476 | $2,562,849 | $1,870,435 |
| Total revenue | $4,927,197 | $6,228,086 | $4,017,769 | $4,759,399 | $2,714,340 |
| Expenses | 2025 | 2024 | 2023 | 2022 | 2021 |
| Program services | $3,478,009 | $3,276,341 | $2,855,824 | $2,394,913 | $1,854,281 |
| Management and general | $393,515 | $467,222 | $335,355 | $196,690 | $146,486 |
| Fundraising | $330,470 | $204,070 | $132,670 | $62,551 | $68,830 |
| Total expenses | $4,201,994 | $3,947,633 | $3,323,849 | $2,654,154 | $2,069,597 |
| Change in net assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Surplus (deficit) | $725,203 | $2,280,453 | $693,920 | $2,105,245 | $644,743 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $725,203 | $2,280,453 | $693,920 | $2,105,245 | $644,743 |
Compensation
| Name | Title | Compensation |
| Scott A Berthel | Principal | $81,575 |
| Cynthia Wellman | Executive Director | $74,923 |
Compensation data as of: 6/30/2025
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 8/12/2026. To update the information below, please email: [email protected]
History
Veritas Christian Academy in Wayland, Massachusetts, has a rich and inspiring history. Founded in 2010 after the closing of Westgate Christian Academy, the school was established by a group of dedicated parents and community members who recognized the great need for a Christ-centered education in MetroWest Boston. With no outside funding or church affiliation, Veritas began simply with $30,000 donated by the five founding families and opened as the first faith-based private school in Wayland's 200-year history.
From the earliest years, Veritas has been distinct by design, blending a sincere commitment to developing intellectual curiosity while fostering wisdom and virtue. The school started with 44 students and 12 teachers, but it grew quickly as it gained a reputation for its high caliber curriculum, nurturing environment, and authentic community of faith.
As the years went by, Veritas continued to flourish, and each year produced at least a 10% increase in enrollment. To accommodate growing demand, the school expanded its footprint within Celebration International Church (CIC), opened a new preschool at a nearby location, and purchased a ten-acre property two miles from CIC with the vision of building a permanent campus, "Veritas Village."
Today, even as we've grown, our dedicated faculty and staff understand the importance of not only educating the minds of their students, but also cultivating their character, and most importantly, nurturing their eternal souls. The name Veritas reflects our commitment to introduce students to the beauty of God's unchanging truth in an ever-changing world.