THE VERITAS FORUM INC

EIN: 205616941 501(c)(3) Religion

CAMBRIDGE, MA

Total Revenue
$5,964,867
Total Expenses
$6,960,111
Total Assets
$5,450,688
Net Assets
$4,365,518
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
MA
Principal Officer
ANDREW SCHUMAN
Phone
6174912055
Tax Period
2024-07-01 to 2025-06-30

THE VERITAS FORUM INC, founded in 2006, is a community nonprofit in the Religion sector that reported $6.0M in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $7.0M exceeded revenue, resulting in a 17% operating deficit.

Mission

TO CREATE AND ENCOURAGE FORUMS, PRIMARILY ON UNIVERSITY CAMPUSES, THAT PUT THE CHRISTIAN FAITH IN DIALOGUE WITH OTHER BELIEFS AND INVITE PARTICIPANTS FROM ALL BACKGROUNDS TO PURSUE TRUTH TOGETHER.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,797,555
Program Service Revenue $516
Investment Income $163,268
Other Revenue $3,528
TOTAL REVENUE $5,964,867

Expense Breakdown

Grants Paid $200,356
Salaries & Benefits $3,623,343
Fundraising Expenses $1,087,571
Program Expenses $5,213,596
Other Expenses $3,136,412
TOTAL EXPENSES $6,960,111

Year-over-Year Comparison

2024 2023 Change
Revenue $5,964,867 $7,345,180 -0.2%
Expenses $6,960,111 $5,983,268 +0.2%
Net Income $-995,244 $1,361,912 -1.7%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
7
Employees
24
Volunteers
1520

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$385,796
Total Directors
9
$133,300
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANDREW SCHUMAN EXECUTIVE DIRECTOR 40
Officer
$344,458 $28,338 $372,796
MICHAEL LEE CHIEF OPERATING OFFICER 40
Highest
$272,457 $0 $272,457
CAROL FAUSNAUGHT VICE PRESIDENT OF DEVELOPMENT 40
Highest
$231,250 $0 $231,250
JARED DAUGHERTY VICE PRESIDENT OF THE VERITAS SCHOLARS PROGRAM 40
Highest
$189,667 $0 $189,667
BETHANY JENKINS VICE PRESIDENT OF MEDIA 40
Highest
$174,175 $9,084 $183,259
ASHLEY BYRD VICE PRESIDENT, UNIVERSITY PARTNERS 40
Highest
$144,997 $25,404 $170,401
NATHAN HATCH TRUSTEE 10
Director
$120,300 $0 $120,300
MARK CAMPISANO SECRETARY 10
Officer Director
$13,000 $0 $13,000
TED CALLAHAN TREASURER 2
Officer Director
$0 $0 $0
BEN CHELF BOARD CHAIR 2
Officer Director
$0 $0 $0
GRACE NICOLETTE TRUSTEE 2
Director
$0 $0 $0
ANDREA MCDANIEL SMITH TRUSTEE 2
Director
$0 $0 $0
KEN MILLER TRUSTEE 2
Director
$0 $0 $0
ANNIE TSAI TRUSTEE 2
Director
$0 $0 $0
CULLEN BUIE TRUSTEE 2
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $5,964,867 $6,960,111 $5,450,688 $-995,244
2024 $7,345,180 $5,983,268 $6,248,073 $1,361,912
2023 $5,730,260 $6,412,736 $4,763,892 $-682,476
2022 $5,952,444 $4,494,075 $5,211,973 $1,458,369
2021 $3,531,628 $2,771,876 $3,821,584 $759,752
2020 $3,624,997 $2,685,357 $2,892,397 $939,640
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