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2014-15 Financials


and I enthusiastically support the work of The Veritas Forum because it provides a most “Kim needed spark for people to have the big conversations about their beliefs. Given the nature of our culture, there are scarcely few opportunities for these types of sparks and we are grateful for the very strategic work Veritas does to meet this need.” — Ben Chelf, Entrepreneur and Veritas Board Member, San Francisco

Statements of Financial Position J u n e 30, 2 0 1 5 a nd 2 0 1 4

2015

FINANCIALS Assets

Cash & Cash Equivalents Grant Receivable Investments Prepaid Expenses Property & Equipment, net Deposits Website Development Costs, net Total Assets

2015

2014

$698,518 696,485 9,836 3,811 30,270 4,145 0 $1,443,065

$732,494 – 5,280 50,922 11,072 4,510 3,417 $807,695

Temporarily Revenues Unrestricted Restricted Total

Contributions & Grants Publications Interest Income Other Income Unrecognized Gain on Investments Net Assets Released from Restrictions Total Revenues

$977,757 5,318 178 36,645 263

$1,248,371 – – – –

$2,226,128 5,318 178 36,645 263

1,248,371

(1,248,371)

$2,268,532

-

$2,268,532

Liabilities Accounts Payable Accrued Expenses Deferred Revenue Total Liabilities

$80,656 88,500 0 $169,156

$30,535 139,504 110,391 $280,430

Unrestricted Temporarily Restricted Total Net Assets

553,973 719,936 $1,273,909

108,951 418,314 $527,265

Total Liabilities & Net Assets

$1,443,065

$807,695

Net Assets

Expenses Program Services Management & General Fundraising Total Expenses

– – –

1,526,836 210,259 506,433

$2,243,528

$2,243,528

Net Assets Change in Net Assets Beginning of Year End of Year

12 – The Veritas Forum, 2014–15 Annual Report

$1,526,836 210,259 506,433

25,004 528,969

– 719,936

25,004 1,248,905

$553,973

$719,936

$1,273,909


B OA RD OF DIRECTORS Kurt Keilhacker, Board Chair, Tech Fund Capital Abbi Antablin, Fundraising Strategist Ted Callahan, Elementum Ventures Mark Campisano, Pacific Life Ben Chelf, Entrepreneur David Hobbet, The Veritas Forum John Kingston, III, Sword & Spoon Group Kelly Monroe Kullberg, Veritas Founder Michael Lindsay, Gordon College

2014

Temporarily Unrestricted Restricted Total

$1,028,279 $695,758 $1,724,037 14,958 – 14,958 23 – 23 0 – 0

197

197

419,606

(419,606)

$1,463,063

$276,152

$1,739,215

SENIOR STA FF David Hobbet, Executive Director Dan Cho, Asia Director David Dilworth, Vice President of University Engagement Rebecca McLaughlin, Vice President of Content Michele Ruby, Vice President of Development Dana Tuckey, Associate National Field Director MINI STRY PA RTNERS *

1,184,260 – 1,184,260 172,182 – 172,182 307,929 – 307,929

$1,664,371 – $1,664,371

(201,308) 310,259

276,152 142,162

74,844 452,421

$108,951

$418,314

$527,265

The Balkan Institute for Faith and Culture Baptist Student Ministry Chi Alpha Christian Union Coalition for Christian Outreach Cru The Evangelical Alliance Faculty Commons Graduate Christian Union International Fellowship of Evangelical Students (IFES) InterVarsity Navigators Oxford Pastorate Reformed University Fellowship * see full list at veritas.org

The Veritas Forum, 2015 Annual Report – 3


The Veritas Forum One Broadway, 14th Floor Cambridge, MA 02142 (617) 491–2055 www.veritas.org The Veritas Forum is a 501(c)3 organization and all donations are tax-deductible.

Annual Report design by Theory One Design

V E R I TA S F O R U M

2014-15 Veritas Financials  
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