Civic Intelligence

Liberty School Inc.

990 • Fiscal year 2020 • EIN 20-8600388

Jul 01, 2019 to Jun 30, 2020 • Filed on Dec 18, 2020

Organization Profilewww.thelibertyschool.org
3107 Western AveDurango, CO 81301

(970) 385-4834

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

76th percentile

0.39x

Higher debt load relative to assets than 76% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

91st percentile

2.17x

Higher debt load relative to revenue than 91% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

52nd percentile

6.4%

Higher net margin than 52% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

43rd percentile

$31,963

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

38th percentile

1.6%

Faster asset growth than 38% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

80th percentile

30%

Faster revenue growth than 80% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets76th percentile

Assets

Up

$4,218,536

Up $65,772 (+1.6%) from 2019

Net Assets

Up

$2,576,279

Up $48,708 (+1.9%) from 2019

Liabilities

Up

$1,642,257

Up $17,064 (+1.0%) from 2019

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin52nd percentile

Revenue

Up

$756,884

Up $173,978 (+30%) from 2019

Expenses

Up

$708,176

Up $28,355 (+4.2%) from 2019

Net Income

Up

$48,708

Up $145,623 (+150%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth38th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2011: $105,840Liabilities 2011: $56,151Net Assets 2011: $49,6892011Assets 2012: $173,884Liabilities 2012: $67,156Net Assets 2012: $106,7282012Assets 2013: $245,039Liabilities 2013: $67,590Net Assets 2013: $177,4492013Assets 2014: $257,825Liabilities 2014: $63,889Net Assets 2014: $193,9362014Assets 2015: $285,907Liabilities 2015: $76,294Net Assets 2015: $209,6132015Assets 2016: $482,121Liabilities 2016: $91,403Net Assets 2016: $390,7182016Assets 2017: $2,016,829Liabilities 2017: $22,352Net Assets 2017: $1,994,4772017Assets 2018: $3,785,604Liabilities 2018: $1,161,118Net Assets 2018: $2,624,4862018Assets 2019: $4,152,764Liabilities 2019: $1,625,193Net Assets 2019: $2,527,5712019Assets 2020: $4,218,536Liabilities 2020: $1,642,257Net Assets 2020: $2,576,2792020Assets 2021: $4,111,678Liabilities 2021: $1,604,292Net Assets 2021: $2,507,3862021Assets 2022: $3,990,304Liabilities 2022: $1,496,986Net Assets 2022: $2,493,3182022Assets 2023: $3,891,823Liabilities 2023: $1,437,803Net Assets 2023: $2,454,0202023Assets 2024: $3,873,541Liabilities 2024: $1,426,028Net Assets 2024: $2,447,5132024Assets 2025: $3,759,089Liabilities 2025: $1,345,694Net Assets 2025: $2,413,3952025

Highlighted filing

2020

Assets$4,218,536
Liabilities$1,642,257
Net Assets$2,576,279
Open 2020 Filing

Operations Trend

Revenue Growth80th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $303,612Expenses 2011: $309,681Net Income 2011: -$6,0692011Revenue 2012: $383,733Expenses 2012: $326,694Net Income 2012: $57,0392012Revenue 2013: $467,105Expenses 2013: $396,384Net Income 2013: $70,7212013Revenue 2014: $420,442Expenses 2014: $403,955Net Income 2014: $16,4872014Revenue 2015: $416,012Expenses 2015: $400,335Net Income 2015: $15,6772015Revenue 2016: $716,150Expenses 2016: $535,045Net Income 2016: $181,1052016Revenue 2017: $2,048,737Expenses 2017: $444,978Net Income 2017: $1,603,7592017Revenue 2018: $1,145,830Expenses 2018: $520,737Net Income 2018: $625,0932018Revenue 2019: $582,906Expenses 2019: $679,821Net Income 2019: -$96,9152019Revenue 2020: $756,884Expenses 2020: $708,176Net Income 2020: $48,7082020Revenue 2021: $644,044Expenses 2021: $712,937Net Income 2021: -$68,8932021Revenue 2022: $774,840Expenses 2022: $788,908Net Income 2022: -$14,0682022Revenue 2023: $711,640Expenses 2023: $750,938Net Income 2023: -$39,2982023Revenue 2024: $828,886Expenses 2024: $835,393Net Income 2024: -$6,5072024Revenue 2025: $856,854Expenses 2025: $890,972Net Income 2025: -$34,1182025

Highlighted filing

2020

Revenue$756,884
Expenses$708,176
Net Income$48,708
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Dec 18, 2020
Return Version
2019v5.0
Gross Receipts
$756,884
Mission and Program Overview

Mission

The Liberty School is an independent school serving dyslexic intellectually gifted, and twice exceptional students in grades one through eight.

To provide individualized, dynamic education for dyslexic, academically gifted, and twice-exceptional (both dyslexic and gifted) students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,822,789$3,776,324▼ $46,465
Savings and Temporary Cash Investments$202,920$238,572▲ $35,652
Cash and Non-Interest-Bearing Accounts$68,678$199,274▲ $130,596
Pledges and Grants Receivable$45,712$0▼ $45,712
Accounts Receivable$11,917$2,988▼ $8,929
Prepaid Expenses and Deferred Charges$748$1,378▲ $630
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$4,152,764$4,218,536▲ $65,772
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,569,194$1,536,388▼ $32,806
Other Liabilities-$66,867-
Accounts Payable and Accrued Expenses$23,649$24,899▲ $1,250
Deferred Revenue$32,350$14,103▼ $18,247
Total Liabilities$1,625,193$1,642,257▲ $17,064
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,500,223$2,570,440▲ $70,217
Net Assets With Donor Restrictions$27,348$5,839▼ $21,509
Total Net Assets Fund Balance$2,527,571$2,576,279▲ $48,708
Total Liabilities and Net Assets / Fund Balance$4,152,764$4,218,536▲ $65,772

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,821,963$143,814$2,965,777
Land$880,000-$880,000
Other Land Buildings$74,361$10,449$84,810
Compensation and Service Providers
Top Officer Pay43rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Douglas C HolmenHead of SchoolFT$31,963$31,963

Board Members and Trustees

NameTitle
David PorterChair
Roger PtolemyVice Chair
Doug FullerDirector
Jack MorrisonDirector
Joachim FischerDirector
Barbara Stine PhDSecretary
Cinnamon KansoffTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$235,614
Program Service Revenue
$521,408
Investment Income
$-138
Other Revenue
$0
All Other Contributions
$235,614
Change in Net Assets
$48,708

Audited Revenue Reconciliation

Revenue per Audited Statements
$756,884
Revenue Not Reported on Form 990
$-77,180
Total Revenue per Audited Statements
$679,704
Total Revenue per Form 990
$756,884
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$384,348
Other Expenses$246,648
Grants and Similar Amounts Paid$77,180
Total Fundraising Expense$25,608
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$238,789$83,641$1,993$324,423
Depreciation Depletion$72,218$3,209$4,815$80,242
Grants to Domestic Individuals$77,180--$77,180
Interest$56,517$2,512$3,768$62,797
Current Officers, Directors, Trustees, and Key Employees$10,867$10,548$10,548$31,963
Occupancy$28,641$1,272$1,909$31,822
Payroll Taxes$19,313$8,484$165$27,962
Fees for Services Accounting-$20,016-$20,016
Fees for Services Other$5,834$8,872$1,395$16,101
Insurance$6,463$288$431$7,182
Information Technology$6,786--$6,786
All Other Expenses$3,578--$3,578
Other Expenses$2,546$1,983$584$1,983
Travel$60--$60
Total Functional Expenses$541,743$140,825$25,608$708,176

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$708,176
Expenses per Audited Statements$630,996
Total Expenses per Audited Statements$630,996
Expenses Not Reported on Financial Statements$77,180
Other Expense Adjustments$77,180
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Protection Program Loan$66,867
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“Approximately a week prior to filing the Form 990, a draft in PDF format is sent to all board members for review. Comments and corrections are strongly encouraged.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“The policy requires officers, directors, and key employees to annually disclose interests that could give rise to conflicts. The policy and disclosure form are distributed and collected annually, and individuals are required to update the disclosure form throughout the year in the event that potential conflicts arise. Potential conflicts of interest are reviewed by the Board of Directors.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“The Board of Directors reviews and approves the Head of School's annual salary, with no participation by the Head of School or other interested persons. The Head of School salary is established using comparable data for similar qualified persons in functionally comparable positions at similar nonprofits; consideration of roles and responsibilities of the Head of School; and cost of living data. Comparable market data is obtained from salary surveys and Form 990s filed by comparable not-for-profit organizations. Discussions and decisions regarding the compensation are documented in the Board meeting minutes.”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“A line item budget is approved by the Board of Directors annually. The Board approves the overall salaries and benefits expenses. Discussions and decisions regarding the budget are documented in Board meeting minutes. The Head of School reviews and approves the salaries of other officers or key employees, with no participation by the interested person, in accordance with the annual budget approved by the Board. The Head of School establishes salaries using comparable date for similarly qualified persons in functionally comparable positions at similar nonprofits; consideration of roles and responsibilities of the officer or key employee; and cost of living data. Comparable market data is obtained from salary surveys and Form 990s filed by comparable not-for-profit organizations.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“We consider requests on a case-by-case basis.”

Filing and Contact Details

Filer

Filer Name
Liberty School Inc
EIN
20-8600388
Phone
9703854834
Address
3107 Western Ave, Durango, CO 81301

Signing Officer

Name
David Porter
Title
Chair
Signed
2020-12-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Porter
Formed
2007
Legal Domicile
Co
Voting Board Members
7
Independent Board Members
7
Employees
20
Volunteers
76

Preparer

Firm
Moen Accounting DBA Janice Moen CPA
Address
26965 Road N, Cortez, CO 81321
Preparer
Janice Moen CPA
Phone
5052502231
Supplemental Narrative

Additional Explanations

Form 990 Part I Line 6

“Volunteers provide assistance in the following areas: fluency reading, fundraising, accounting, field trips, office assistance, guest speakers, and technology support. In addition, members of the Board of Directors serve in a volunteer capacity.”

Financial Statement Notes

Part X : FIN48 Footnote

“The Organization is exempt from federal income tax as an entity describe in Internal Revenue Code (IRC) Section 501(c)(3) except to the extent of unrelated business taxable income as defined under IRC Sections 511 through 515.The Organization did not incur unrelated business income tax for the year ended June 30, 2019, 2018 and 2017. Accordingly, no provision has been made for federal income tax in the accompanying financial statements.Forms 990, Return of Organization Exempt from Income Tax, for years ended June 30, 2019, 2018, 2017, 2016 are subject to examination by the Internal Revenue Service, generally for three years after filing.”

Part XII, Line 4B: Other revenue amounts included on 990 but not included in F/S

“Scholarships netted agains revenue on FS $77180”

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IRS990/InsuranceGrp/FundraisingAmt0431
IRS990/InsuranceGrp/ManagementAndGeneralAmt0288
IRS990/InsuranceGrp/ProgramServicesAmt06463
IRS990/InsuranceGrp/TotalAmt07182
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/FundraisingAmt03768
IRS990/InterestGrp/ManagementAndGeneralAmt02512
IRS990/InterestGrp/ProgramServicesAmt056517
IRS990/InterestGrp/TotalAmt062797
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt0-138
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0-138
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt010
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0154263
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03822789
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03776324
IRS990/LandBldgEquipCostOrOtherBssAmt03930587
IRS990/LegalDomicileStateCd0CO
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0To provide individualized, dynamic education for dyslexic, academically gifted, and twice-exceptional (both dyslexic and gifted) students.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01569194
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01536388
IRS990/NetAssetsOrFundBalancesBOYAmt02527571
IRS990/NetAssetsOrFundBalancesEOYAmt02576279
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02500223
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02570440
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt01909
IRS990/OccupancyGrp/ManagementAndGeneralAmt01272
IRS990/OccupancyGrp/ProgramServicesAmt028641
IRS990/OccupancyGrp/TotalAmt031822
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Student Activities
IRS990/OtherExpensesGrp/Desc1Program expenses
IRS990/OtherExpensesGrp/Desc2Educational subscriptions
IRS990/OtherExpensesGrp/Desc3Fees and subscriptions
IRS990/OtherExpensesGrp/FundraisingAmt0584
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01983
IRS990/OtherExpensesGrp/ProgramServicesAmt08110
IRS990/OtherExpensesGrp/ProgramServicesAmt14841
IRS990/OtherExpensesGrp/ProgramServicesAmt22546
IRS990/OtherExpensesGrp/TotalAmt08110
IRS990/OtherExpensesGrp/TotalAmt15425
IRS990/OtherExpensesGrp/TotalAmt22546
IRS990/OtherExpensesGrp/TotalAmt31983
IRS990/OtherLiabilitiesGrp/EOYAmt066867
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt01993
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt083641
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0238789
IRS990/OtherSalariesAndWagesGrp/TotalAmt0324423
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0165
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08484
IRS990/PayrollTaxesGrp/ProgramServicesAmt019313
IRS990/PayrollTaxesGrp/TotalAmt027962
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt045712
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0748
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01378
IRS990/PrincipalOfficerNm0David Porter
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/BusinessCd2611600
IRS990/ProgramServiceRevenueGrp/Desc0Activity and other fees
IRS990/ProgramServiceRevenueGrp/Desc1Gifted Enrichment
IRS990/ProgramServiceRevenueGrp/Desc2Tuition and fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt010855
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt15578
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2504975
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt010855
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt15578
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2504975
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0156355
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt064050
IRS990/PYInvestmentIncomeAmt081
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0289149
IRS990/PYOtherRevenueAmt0166
IRS990/PYProgramServiceRevenueAmt0426304
IRS990/PYRevenuesLessExpensesAmt0-96915
IRS990/PYSalariesCompEmpBnftPaidAmt0326622
IRS990/PYTotalExpensesAmt0679821
IRS990/PYTotalRevenueAmt0582906
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt048708
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0521408
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0202920
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0238572
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt02821963
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0143814
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02965777
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt077180
IRS990ScheduleD/ExpensesSubtotalAmt0630996
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0880000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0880000
IRS990ScheduleD/OtherExpensesNotIncludedAmt077180
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt074361
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt010449
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt084810
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt066867
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Payroll Protection Program Loan
IRS990ScheduleD/OtherRevenueAmt0-77180
IRS990ScheduleD/RevenueNotReportedAmt0-77180
IRS990ScheduleD/RevenueSubtotalAmt0756884
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization is exempt from federal income tax as an entity describe in Internal Revenue Code (IRC) Section 501(c)(3) except to the extent of unrelated business taxable income as defined under IRC Sections 511 through 515.The Organization did not incur unrelated business income tax for the year ended June 30, 2019, 2018 and 2017. Accordingly, no provision has been made for federal income tax in the accompanying financial statements.Forms 990, Return of Organization Exempt from Income Tax, for years ended June 30, 2019, 2018, 2017, 2016 are subject to examination by the Internal Revenue Service, generally for three years after filing.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Scholarships netted agains revenue on FS $77180
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03776324
IRS990ScheduleD/TotalExpensesPerForm990Amt0708176
IRS990ScheduleD/TotalLiabilityAmt066867
IRS990ScheduleD/TotalRevenuePerForm990Amt0756884
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0679704
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0630996
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0false
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The nondiscrimination policy is available upon request from the office of the Administrative Director. The policy accompanies grant requests.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt077180
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Financial Aid/Tuition Discounts
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt013
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The procedures for determining scholarship eligibility are below:1. Families seeking a Board Scholarship Student Award shall submit a scholarship application, a copy of their most recent IRS Form 1040, and other financial information requested by the Head of School or the Board.2. The Head of School and at least one Board member will create an anonymous list of scholarship award recommendations for Board discussion, modification, and formal approval prior to notification of parents.3. No more than 30% of projected gross tuition revenue shall be awarded to Board Scholarship Students.4. No individual Board Scholarship Student award shall exceed 50% of tuition.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Grantmaker's Description of How Grants are Used
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Approximately a week prior to filing the Form 990, a draft in PDF format is sent to all board members for review. Comments and corrections are strongly encouraged.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The policy requires officers, directors, and key employees to annually disclose interests that could give rise to conflicts. The policy and disclosure form are distributed and collected annually, and individuals are required to update the disclosure form throughout the year in the event that potential conflicts arise. Potential conflicts of interest are reviewed by the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board of Directors reviews and approves the Head of School's annual salary, with no participation by the Head of School or other interested persons. The Head of School salary is established using comparable data for similar qualified persons in functionally comparable positions at similar nonprofits; consideration of roles and responsibilities of the Head of School; and cost of living data. Comparable market data is obtained from salary surveys and Form 990s filed by comparable not-for-profit organizations. Discussions and decisions regarding the compensation are documented in the Board meeting minutes.

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,218,536
Liabilities
$1,642,257
Net assets
$2,576,279
Revenue
$756,884
Expenses
$708,176
Net income
$48,708
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.76$1.35$2.41$0.86$0.89$0.03
2024Detailed filing. Detailed filing data is available for this year.$3.87$1.43$2.45$0.83$0.84$0.01
2023Detailed filing. Detailed filing data is available for this year.$3.89$1.44$2.45$0.71$0.75$0.04
2022Detailed filing. Detailed filing data is available for this year.$3.99$1.50$2.49$0.77$0.79$0.01
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.11$1.60$2.51$0.64$0.71$0.07
2020Detailed filing. Detailed filing data is available for this year.$4.22$1.64$2.58$0.76$0.71$0.05
2019Detailed filing. Detailed filing data is available for this year.$4.15$1.63$2.53$0.58$0.68$0.10
2018Detailed filing. Detailed filing data is available for this year.$3.79$1.16$2.62$1.15$0.52$0.63
2017Detailed filing. Detailed filing data is available for this year.$2.02$0.02$1.99$2.05$0.44$1.60
2016Detailed filing. Detailed filing data is available for this year.$0.48$0.09$0.39$0.72$0.54$0.18
2015Detailed filing. Detailed filing data is available for this year.$0.29$0.08$0.21$0.42$0.40$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.26$0.06$0.19$0.42$0.40$0.02
2013Summary only. Only limited summary data is available for this year.$0.25$0.07$0.18$0.47$0.40$0.07
2012Summary only. Only limited summary data is available for this year.$0.17$0.07$0.11$0.38$0.33$0.06
2011Summary only. Only limited summary data is available for this year.$0.11$0.06$0.05$0.30$0.31$0.01