Liabilities / Assets
98th percentile
Higher debt load relative to assets than 98% of similar nonprofits.
Loveland Classical Schools
EIN 27-5263381 • 501(c)3 • Loveland, CO
Profile
Loveland Classical Schools assists parents in developing young minds with virtuous character, critical thinking skills, and a passion for learning to become exceptional community stewards.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
1.70x
Liabilities / Revenue
89th percentile
Higher debt load relative to revenue than 89% of similar nonprofits.
Net Margin
78th percentile
Higher net margin than 78% of similar nonprofits.
Top Officer Pay
Score unavailable
No filing with officer rows is available for this organization yet.
Asset Growth
75th percentile
Faster asset growth than 75% of similar nonprofits.
Revenue Growth
54th percentile
Faster revenue growth than 54% of similar nonprofits.
Balance Sheet
Assets
Up$13,383,371
Up $2,541,008 (+23%) from 2023
Liabilities
Up$13,897,884
Up $1,744,290 (+14%) from 2023
Net Assets
Up-$514,513
Up $796,718 (+61%) from 2023
Revenue
Up$13,183,268
Up $955,820 (+7.8%) from 2023
Expenses
Up$12,386,550
Up $1,796,391 (+17%) from 2023
Net Income
Down$796,718
Down $840,571 (-51%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $13,383,371
- Liabilities
- $13,897,884
- Net assets
- -$514,513
- Revenue
- $13,183,268
- Expenses
- $12,386,550
- Net income
- $796,718
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2023 to Jun 30, 2024
- Signed
- Feb 28, 2025
- Return Version
- 2023v6.0
- Gross Receipts
- $13,183,268
Mission and Program Overview
Mission
Loveland Classical Schools assists parents in developing young minds with virtuous character, critical thinking skills, and a passion for learning to become exceptional community stewards
See Schedule O
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Savings and Temporary Cash Investments | $6,599,427 | $8,735,734 | ▲ $2,136,307 |
| Cash and Non-Interest-Bearing Accounts | $603,096 | $526,487 | ▼ $76,609 |
| Land, Buildings, and Equipment, Net | $325,802 | $466,337 | ▲ $140,535 |
| Pledges and Grants Receivable | $273,798 | - | - |
| Accounts Receivable | $582,406 | $129,077 | ▼ $453,329 |
| Prepaid Expenses and Deferred Charges | $33,419 | $6,704 | ▼ $26,715 |
| Total Assets | $10,842,363 | $13,383,371 | ▲ $2,541,008 |
| Other Assets Total | $2,424,415 | $3,519,032 | ▲ $1,094,617 |
| Liabilities | |||
| Other Liabilities | $11,337,723 | $12,811,548 | ▲ $1,473,825 |
| Accounts Payable and Accrued Expenses | $777,908 | $898,108 | ▲ $120,200 |
| Deferred Revenue | $1,449 | $168,734 | ▲ $167,285 |
| Unsecured Notes Loans Payable | $36,514 | - | - |
| Mortgage Notes Payable Secured by Investment Property | - | $19,494 | - |
| Total Liabilities | $12,153,594 | $13,897,884 | ▲ $1,744,290 |
| Net Assets / Fund Balance | |||
| Net Assets With Donor Restrictions | $502,723 | $393,000 | ▼ $109,723 |
| Net Assets Without Donor Restrictions | $-1,813,954 | $-907,513 | ▲ $906,441 |
| Total Net Assets Fund Balance | $-1,311,231 | $-514,513 | ▲ $796,718 |
| Total Liabilities and Net Assets / Fund Balance | $10,842,363 | $13,383,371 | ▲ $2,541,008 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $444,552 | $619,935 | $1,064,487 |
| Equipment | $21,785 | $190,753 | $212,538 |
| Other Assets Org | $29,715 | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Ian Stout | Executive Director | FT | $148,182 | $38,133 | $186,315 |
Board Members and Trustees
| Name | Title |
|---|---|
| Lisa Robinson | President |
| Eric Weideman | Vice President |
| Curt Ketner | Director |
| Mike Bryant | Director |
| Marissa Marklewitz | Secretary |
| Jim Adrian | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $752,152
- Program Service Revenue
- $12,011,722
- Investment Income
- $368,703
- Other Revenue
- $50,691
- All Other Contributions
- $26,218
- Change in Net Assets
- $796,718
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $13,183,268
- Revenue Not Reported on Financial Statements
- $0
- Revenue Not Reported on Form 990
- $1,980,112
- Total Revenue per Audited Statements
- $15,163,380
- Total Revenue per Form 990
- $13,183,268
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $6,424,375 |
| Other Expenses | $5,962,175 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $4,237,766 | $470,863 | - | $4,708,629 |
| Occupancy | $1,912,072 | $337,424 | - | $2,249,496 |
| Pension Plan Contributions | $876,771 | $105,606 | - | $982,377 |
| All Other Expenses | $553,749 | $97,721 | - | $651,470 |
| Other Employee Benefits | $419,545 | $50,534 | - | $470,079 |
| Other Expenses | $328,406 | $59,201 | - | $328,406 |
| Current Officers, Directors, Trustees, and Key Employees | $129,754 | $55,201 | - | $184,955 |
| Insurance | $90,612 | $15,990 | - | $106,602 |
| Payroll Taxes | $69,914 | $8,421 | - | $78,335 |
| Advertising | $29,192 | $5,152 | - | $34,344 |
| Depreciation Depletion | $25,781 | $4,550 | - | $30,331 |
| Office Expenses | $15,122 | $2,669 | - | $17,791 |
| Travel | $9,108 | $1,607 | - | $10,715 |
| Fees for Services Accounting | - | $9,350 | - | $9,350 |
| Fees for Services Legal | - | $7,360 | - | $7,360 |
| Interest | $1,552 | $274 | - | $1,826 |
| Total Functional Expenses | $10,836,656 | $1,549,894 | $0 | $12,386,550 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $13,424,731 |
| Total Expenses per Form 990 | $12,386,550 |
| Expenses per Audited Statements | $11,553,574 |
| Expenses Not Reported on Form 990 | $1,871,157 |
| Expenses Not Reported on Financial Statements | $832,976 |
| Other Expense Adjustments | $832,976 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Net Pension Liabilities | $11,859,436 |
| Deferred Inflows of Resources | $590,846 |
| Net OPEB Liability | $286,357 |
| LT Comp abs | $74,909 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- Yes
- Audit committee
- 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
- Yes
- Key decisions subject to board approval
- No
- Management duties delegated
- No
Governance Explanations
Form 990, Part VI, Section A, line 8B
“No committees have the authority to make decisions on behalf of the governing board.”
Form 990, Part VI, Section B, line 11B
“A copy is provided to all board members prior to filing.”
Form 990, Part VI, Section B, line 12C
“All board members are required to disclose at any time an issue that is voted upon, if they have a conflict.”
Form 990, Part VI, Section B, line 15
“Loveland Classical Schools Board of Directors used the following efforts in setting compensation for key employees; review of other schools including school districts and charter schools pay schedules, comparison of skill sets, pay schedules and job descriptions. Advice was also sought from other finance departments within education (district, charter, and Colorado League of Charter Schools). Assistance was sought from people with financial backgrounds. The board used the evaluation tool recommended by the head of schools of choice unit for the Colorado Department of Education for the principal review process.”
Form 990, Part VI, Section C, line 19
“Financial statements are available to the public.”
Filing and Contact Details
Filer
- Filer Name
- Loveland Classical Schools
- EIN
- 27-5263381
- Phone
- 9705411507
- Address
- 3835 14th Street SW, Loveland, CO 80537
Signing Officer
- Name
- Ian Stout
- Title
- Executive Director
- Phone
- 9705411507
- Signed
- 2025-02-28
- Discuss with paid preparer
- No
Organization Details
- Principal Officer
- Ian Stout
- Formed
- 2011
- Legal Domicile
- Co
- Voting Board Members
- 6
- Independent Board Members
- 6
- Employees
- 154
- Volunteers
- 314
Preparer
- Firm
- Hoelting & Company Inc
- Address
- 31 East Platte Avenue Suite 300, Colorado Springs, CO 80903
- Preparer
- Thomas G Sistare
- Phone
- 7196301091
Supplemental Narrative
Additional Explanations
Form 990, Part I, Line 1
“Loveland Classical Schools assists parents in developing young minds with virtuous character, critical thinking skills, and a passion for learning to become exceptional community stewards.”
Form 990, Part XII, Line 2C
“The Board of Directors oversees audit services and selection in independent auditors. This has not changed from prior year.”
Form 990, Part IX, Line 24E:
“The school is a participant in the State's public pension plan (PERA) and began reporting a portion of the State's unfunded net pension liability following Governmental Accounting Standards Board Statement (GASB) No. 68, Accounting and Financial Reporting for Pensions - an amendment of GASB Statement No. 27 in fiscal year 2015. The School also participates in the State's Postemployment Healthcare Benefit Plan per GASB statement 75. As a result of these GASB statements, the school records an expense in its Government Wide financial reports each year that swings widely from year to year based on future investment return assumptions, participation, and other projections made by PERA's actuaries. Due to the unpredictable and uncontrollable nature of these swings, and that the liability is not a true liability of the school, these State driven accruals are reported as Other in Part IX to allow the reader to track the impact of these accruals separately and to remain consistent with historical reporting.”
Financial Statement Notes
Part XI, Line 2D - Other Adjustments:
“Building Corporation investment earnings 335,706. Building Corporation rental income 1,644,406.”
Part XII, Line 2D - Other Adjustments:
“Building Corporation depreciation 409,789. Building Corporation interest and amortization of premium and discount 1,440,958. Building Corporation Purchased Services 20,410.”
Part XII, Line 4B - Other Adjustments:
“Transfer from Building Corporation 832,976.”
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| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 17791 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 2424415 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 3519032 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 50534 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 419545 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 470079 |
| IRS990/OtherExpensesGrp/Desc | 0 | District Purchased Serv |
| IRS990/OtherExpensesGrp/Desc | 1 | Transfers |
| IRS990/OtherExpensesGrp/Desc | 2 | Purchased Services |
| IRS990/OtherExpensesGrp/Desc | 3 | Instructional Supplies |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 193025 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 124946 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 2 | 59201 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 1093807 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 708030 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 335475 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 328406 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 1286832 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 832976 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 394676 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 328406 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 11337723 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 12811548 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 611110 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | Miscellaneous Revenue |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 0 | 50691 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 50691 |
| IRS990/OtherRevenueTotalAmt | 0 | 50691 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 470863 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 4237766 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 4708629 |
| IRS990/OwnWebsiteInd | 0 | X |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 8421 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 69914 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 78335 |
| IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt | 0 | 105606 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 876771 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 982377 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 273798 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 33419 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 6704 |
| IRS990/PrincipalOfficerNm | 0 | Ian Stout |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 611110 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 611110 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 2 | 611110 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | Per Pupil Revenue |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | Mill Levy Override |
| IRS990/ProgramServiceRevenueGrp/Desc | 2 | Charges for Services |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 9970135 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 1899279 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 2 | 142308 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 9970135 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 1899279 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 142308 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 1476274 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 204111 |
| IRS990/PYOtherExpensesAmt | 0 | 4422901 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 10547063 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 1637289 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 6167258 |
| IRS990/PYTotalExpensesAmt | 0 | 10590159 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 12227448 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 796718 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 1 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/RelatedOrganizationsAmt | 0 | 101267 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 1 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 12062413 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 6599427 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 8735734 |
| IRS990ScheduleA/SchoolInd | 0 | X |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 444552 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 619935 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 1064487 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 21785 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 190753 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 212538 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 1871157 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 832976 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 11553574 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 3489317 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 1 | 29715 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | Deferred Outflows of Resources |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 1 | Deposits |
| IRS990ScheduleD/OtherExpensesIncludedAmt | 0 | 1871157 |
| IRS990ScheduleD/OtherExpensesNotIncludedAmt | 0 | 832976 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 590846 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 286357 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 2 | 11859436 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 3 | 74909 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | Deferred Inflows of Resources |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | Net OPEB Liability |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 2 | Net Pension Liabilities |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 3 | LT Comp abs |
| IRS990ScheduleD/OtherRevenueAmt | 0 | 1980112 |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 1980112 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 13183268 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | Building Corporation investment earnings 335,706. Building Corporation rental income 1,644,406. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | Building Corporation depreciation 409,789. Building Corporation interest and amortization of premium and discount 1,440,958. Building Corporation Purchased Services 20,410. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 2 | Transfer from Building Corporation 832,976. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Part XI, Line 2d - Other Adjustments: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Part XII, Line 2d - Other Adjustments: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Part XII, Line 4b - Other Adjustments: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 466337 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 3519032 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 12386550 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 12811548 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 13183268 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 15163380 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 13424731 |
| IRS990ScheduleE/ComplianceWithRevProc7550Ind | 0 | 1 |
| IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceAthltProgInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceEducPlcyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceOtherActyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceSchsInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd | 0 | 0 |
| IRS990ScheduleE/GovernmentFinancialAidRcvdInd | 0 | 1 |
| IRS990ScheduleE/GovernmentFinancialAidRvkdInd | 0 | 0 |
| IRS990ScheduleE/MaintainCpyOfAllSolInd | 0 | 1 |
| IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd | 0 | 1 |
| IRS990ScheduleE/MaintainRacialCompRecsInd | 0 | 1 |
| IRS990ScheduleE/MaintainScholarshipsRecsInd | 0 | 1 |
| IRS990ScheduleE/NondiscriminatoryPolicyStmtInd | 0 | 1 |
| IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd | 0 | 1 |
| IRS990ScheduleE/PolicyStmtInBrochuresEtcInd | 0 | 1 |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 0 | The policy is published on the school's website and included in student registration packets. |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 1 | Per Pupil Revenue and grants are received from the Colorado Department of Education. |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Schedule E, Part I, Line 3 |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Schedule E, Part I, Line 6 |
| IRS990ScheduleJ/AnyNonFixedPaymentsInd | 0 | 0 |
| IRS990ScheduleJ/BoardOrCommitteeApprovalInd | 0 | X |
| IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd | 0 | 0 |
| IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd | 0 | 0 |
| IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd | 0 | 0 |
| IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd | 0 | 0 |
| IRS990ScheduleJ/CompensationCommitteeInd | 0 | X |
| IRS990ScheduleJ/CompensationSurveyInd | 0 | X |
| IRS990ScheduleJ/EquityBasedCompArrngmInd | 0 | 0 |
| IRS990ScheduleJ/InitialContractExceptionInd | 0 | 0 |
| IRS990/ScheduleJRequiredInd | 0 | 1 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt | 0 | 148182 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt | 0 | 38133 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 0 | Ian Stout |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 0 | Executive Director |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt | 0 | 186315 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/SeverancePaymentInd | 0 | 0 |
| IRS990ScheduleJ/SupplementalNonqualRtrPlanInd | 0 | 0 |
| IRS990ScheduleJ/WrittenEmploymentContractInd | 0 | X |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Loveland Classical Schools assists parents in developing young minds with virtuous character, critical thinking skills, and a passion for learning to become exceptional community stewards. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | No committees have the authority to make decisions on behalf of the governing board. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | A copy is provided to all board members prior to filing. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | All board members are required to disclose at any time an issue that is voted upon, if they have a conflict. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Loveland Classical Schools Board of Directors used the following efforts in setting compensation for key employees; review of other schools including school districts and charter schools pay schedules, comparison of skill sets, pay schedules and job descriptions. Advice was also sought from other finance departments within education (district, charter, and Colorado League of Charter Schools). Assistance was sought from people with financial backgrounds. The board used the evaluation tool recommended by the head of schools of choice unit for the Colorado Department of Education for the principal review process. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | Financial statements are available to the public. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | The Board of Directors oversees audit services and selection in independent auditors. This has not changed from prior year. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | The school is a participant in the State's public pension plan (PERA) and began reporting a portion of the State's unfunded net pension liability following Governmental Accounting Standards Board Statement (GASB) No. 68, Accounting and Financial Reporting for Pensions - an amendment of GASB Statement No. 27 in fiscal year 2015. The School also participates in the State's Postemployment Healthcare Benefit Plan per GASB statement 75. As a result of these GASB statements, the school records an expense in its Government Wide financial reports each year that swings widely from year to year based on future investment return assumptions, participation, and other projections made by PERA's actuaries. Due to the unpredictable and uncontrollable nature of these swings, and that the liability is not a true liability of the school, these State driven accruals are reported as Other in Part IX to allow the reader to track the impact of these accruals separately and to remain consistent with historical reporting. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part I, Line 1 |
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