Veritas Classical Christian School 
The information on this page was last updated 4/16/2026. If you see errors or omissions, please email: [email protected]
Summary
On our beautiful campus in Richmond's historic Northside, we offer a Christ-centered, academically robust classical education to students in grades JK - 12. Our goal? To prepare students not only for college but for life.
Contact information
Mailing address:
Veritas Classical Christian School
3400 Brook Road
Richmond, VA 23227
Website: www.veritasschool.com
Phone: 804.272.9517
Email: [email protected]
Organization details
EIN: 550770184
CEO/President: Keith Nix
Chairman: Anne Creasy
Board size: 8
Founder:
Ruling year: 2001
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: No
Member of ECFA since:
Purpose
Our goal is to equip students with the knowledge, skills, and vision necessary to be effective leaders and servants for Christ in a wide variety of professions and vocations. We seek to raise up a generation of young people who have a genuine love of learning, who love Jesus Christ with all their hearts and minds, and who can articulate the Christian message with clarity, creativity, and power.
Mission statement
Veritas School exists to glorify God by cultivating students of wisdom and virtue through a Christ-centered, academically robust classical education.
Statement of faith
Donor confidence score
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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 | | 1164 of 1435 | 180 of 191 |
| Fund acquisition rating | | 1255 of 1435 | 178 of 191 |
| Resource allocation rating | | 828 of 1435 | 117 of 191 |
| Asset utilization rating | | 876 of 1436 | 136 of 191 |
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% | 38% | 9% | 6% | 18% | 22% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 2% | 4% | 3% | 2% | 2% | 3% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 13% | 11% | 34% | 32% | 13% | 14% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 2% | 4% | 4% | 3% | 3% | 3% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 87% | 89% | 66% | 68% | 87% | 86% |
| Operating ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Program expense ratio Program expense ratio = Program services / Total expenses | 83% | 81% | 81% | 82% | 82% | 82% |
Spending ratio Spending ratio = Total expenses / Total revenue | 93% | 97% | 72% | 71% | 88% | 87% |
Program output ratio Program output ratio = Program services / Total revenue | 76% | 79% | 58% | 58% | 72% | 71% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 7% | 3% | 28% | 29% | 12% | 13% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 6% | 2% | 24% | 29% | 12% | 14% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 14% | 14% | 15% | 15% | 16% | 14% |
| Investing ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.54 | 0.40 | 0.38 | 0.41 | 0.43 | 0.42 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.99 | 2.88 | 2.67 | 2.95 | 4.99 | 4.08 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.80 | 1.17 | 1.03 | 1.20 | 2.17 | 1.71 |
| Liquidity ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Current ratio Current ratio = Total current assets / Total current liabilities | 2.80 | 2.86 | 3.34 | 2.76 | 1.37 | 1.17 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.35 | 0.35 | 0.30 | 0.36 | 0.73 | 0.85 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 3.98 | 6.69 | 8.17 | 6.37 | 1.50 | 1.04 |
| Solvency ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 29% | 36% | 36% | 43% | 52% | 55% |
Debt ratio Debt ratio = Debt / Total assets | 10% | 23% | 24% | 30% | 37% | 34% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 117% | 159% | 166% | 141% | 110% | 107% |
Financials
| Balance sheet | |||||
| Assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Cash | $8,175,174 | $8,725,549 | $6,972,439 | $3,665,422 | $4,900,008 |
| Receivables, inventories, prepaids | $1,681,543 | $1,929,713 | $1,157,116 | $208,915 | $107,257 |
| Short-term investments | $645,043 | $522,940 | $532,704 | $455,648 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $10,501,760 | $11,178,202 | $8,662,259 | $4,329,985 | $5,007,265 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $19,702,974 | $18,701,384 | $16,890,730 | $17,287,069 | $15,430,836 |
| Other long-term assets | $65,613 | $8,718 | $12,886 | $3,915 | $5,174 |
| Total long-term assets | $19,768,587 | $18,710,102 | $16,903,616 | $17,290,984 | $15,436,010 |
| Total assets | $30,270,347 | $29,888,304 | $25,565,875 | $21,620,969 | $20,443,275 |
| Liabilities | 2025 | 2024 | 2023 | 2022 | 2021 |
| Payables and accrued expenses | $234,416 | $160,600 | $71,601 | $111,276 | $163,485 |
| Other current liabilities | $3,436,587 | $3,183,324 | $3,068,608 | $3,041,770 | $4,100,412 |
| Total current liabilities | $3,671,003 | $3,343,924 | $3,140,209 | $3,153,046 | $4,263,897 |
| Debt | $6,886,199 | $7,277,432 | $7,655,484 | $8,027,029 | $6,970,183 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $209,235 | $151,471 | $147,547 | $74,026 | $39,032 |
| Total long-term liabilities | $7,095,434 | $7,428,903 | $7,803,031 | $8,101,055 | $7,009,215 |
| Total liabilities | $10,766,437 | $10,772,827 | $10,943,240 | $11,254,101 | $11,273,112 |
| Net assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Without donor restrictions | $15,097,696 | $13,944,219 | $10,292,648 | $10,026,446 | $7,777,868 |
| With donor restrictions | $4,406,214 | $5,171,258 | $4,329,987 | $340,422 | $1,392,295 |
| Net assets | $19,503,910 | $19,115,477 | $14,622,635 | $10,366,868 | $9,170,163 |
| Revenues and expenses | |||||
| Revenue | 2025 | 2024 | 2023 | 2022 | 2021 |
| Total contributions | $1,419,523 | $5,407,404 | $4,676,440 | $1,408,713 | $1,353,064 |
| Program service revenue | $10,645,823 | $10,305,541 | $9,713,971 | $9,074,972 | $8,398,916 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $304,035 | $221,432 | $98,336 | $3,783 | $7,244 |
| Other revenue | $193,422 | $131,759 | $129,404 | $119,695 | $117,351 |
| Total other revenue | $11,143,280 | $10,658,732 | $9,941,711 | $9,198,450 | $8,523,511 |
| Total revenue | $12,562,803 | $16,066,136 | $14,618,151 | $10,607,163 | $9,876,575 |
| Expenses | 2025 | 2024 | 2023 | 2022 | 2021 |
| Program services | $9,947,106 | $9,337,464 | $8,503,118 | $7,673,854 | $7,037,709 |
| Management and general | $1,755,232 | $1,695,382 | $1,601,476 | $1,466,302 | $1,226,282 |
| Fundraising | $542,247 | $472,133 | $296,634 | $246,933 | $297,833 |
| Total expenses | $12,244,585 | $11,504,979 | $10,401,228 | $9,387,089 | $8,561,824 |
| Change in net assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Surplus (deficit) | $318,218 | $4,561,157 | $4,216,923 | $1,220,074 | $1,314,751 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $318,218 | $4,561,157 | $4,216,923 | $1,220,074 | $1,314,751 |
Compensation
| Name | Title | Compensation |
| W Keith Nix | Head of School | $378,753 |
| Douglas Kinard | Director of Business Operations | $165,000 |
| Andrew Smith | Dean of Academics | $123,180 |
| Robyn Burlew | Head of Upper School | $121,225 |
| Aimee Nyce | Director of Advancement | $111,018 |
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 4/16/2026. To update the information below, please email: [email protected]
History
The seeds to plant a classical Christian school in Richmond were first sown in 1998 by several parents committed to providing a Christ-centered education with strong academics for their children. A Board of Directors was established in 1999 and in the fall of 2000, Veritas Classical Christian School opened its doors to 25 students in Kindergarten through 5th grade at Crestwood Presbyterian Church in Richmond, Virginia.
Stony Point Presbyterian Church was added as an Upper School campus in 2003 to accommodate growth in enrollment. In 2009, the school purchased the property adjacent to Crestwood Presbyterian Church on Jahnke Road to accommodate our growing student body and to bring all students together on one campus. By the summer of 2013, Veritas School had exhausted all available space at Crestwood Presbyterian Church and conducted an extensive search of appropriate campus locations.
In God's providence, a permanent campus home became available, and the school moved to the former campus of the Baptist Theological Seminary of Richmond. Over the years, the school has purchased adjacent seminary buildings to fill out our nineteen-acre campus in Richmond's historic Northside.
Today, our stately and historic buildings surround a traditional grass quad and house classrooms and common spaces dedicated to serving the discipleship and scholarship of over 600 students.