Civic Intelligence

Liberty Classical Academy

990 • Fiscal year 2015 • EIN 41-2000702

Jul 01, 2014 to Jun 30, 2015 • Filed on Jan 15, 2016

Organization ProfileWWW.LIBERTYCLASSICAL.COM

Refreshing map…

3878 Highland AveWhite Bear Lake, MN 55110

(651) 772-2777

Siviq Scores

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

Liabilities / Assets

68th percentile

0.29x

Higher debt load relative to assets than 68% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

38th percentile

0.06x

Higher debt load relative to revenue than 38% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

61st percentile

6.9%

Higher net margin than 61% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

41st percentile

$36,500

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

96th percentile

115%

Faster asset growth than 96% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

78th percentile

22%

Faster revenue growth than 78% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets68th percentile

Assets

Up

$362,954

Up $194,405 (+115%) from 2014

Net Assets

Up

$256,351

Up $131,034 (+105%) from 2014

Liabilities

Up

$106,603

Up $63,371 (+147%) from 2014

Revenue And Expenses
Liabilities / Revenue38th percentileNet Margin61st percentile

Revenue

Up

$1,822,788

Up $333,883 (+22%) from 2014

Expenses

Up

$1,697,754

Up $245,311 (+17%) from 2014

Net Income

Up

$125,034

Up $88,572 (+243%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

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

$30M$20M$10M$0Assets 2011: $156,375Liabilities 2011: $44,277Net Assets 2011: $112,0982011Assets 2012: $170,469Liabilities 2012: $38,670Net Assets 2012: $131,7992012Assets 2013: $131,252Liabilities 2013: $42,397Net Assets 2013: $88,8552013Assets 2014: $168,549Liabilities 2014: $43,232Net Assets 2014: $125,3172014Assets 2015: $362,954Liabilities 2015: $106,603Net Assets 2015: $256,3512015Assets 2016: $328,915Liabilities 2016: $96,025Net Assets 2016: $232,8902016Assets 2017: $527,670Liabilities 2017: $117,659Net Assets 2017: $410,0112017Assets 2018: $694,486Liabilities 2018: $123,734Net Assets 2018: $570,7522018Assets 2019: $834,448Liabilities 2019: $58,841Net Assets 2019: $775,6072019Assets 2020: $1,154,028Liabilities 2020: $432,150Net Assets 2020: $721,8782020Assets 2021: $1,655,139Liabilities 2021: $96,153Net Assets 2021: $1,558,9862021Assets 2022: $6,977,009Liabilities 2022: $715,280Net Assets 2022: $6,261,7292022Assets 2023: $10,506,539Liabilities 2023: $314,321Net Assets 2023: $10,192,2182023Assets 2025: $21,522,102Liabilities 2025: $1,409,043Net Assets 2025: $20,113,0592025

Highlighted filing

2015

Assets$362,954
Liabilities$106,603
Net Assets$256,351
Open 2015 Filing

Operations Trend

Revenue Growth78th percentile

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

$15M$10M$5.0M$0-$5.0MRevenue 2011: $931,741Expenses 2011: $988,790Net Income 2011: -$57,0492011Revenue 2012: $1,073,746Expenses 2012: $1,054,045Net Income 2012: $19,7012012Expenses 2013: $1,104,0442013Revenue 2014: $1,488,905Expenses 2014: $1,452,443Net Income 2014: $36,4622014Revenue 2015: $1,822,788Expenses 2015: $1,697,754Net Income 2015: $125,0342015Revenue 2016: $1,872,589Expenses 2016: $1,896,050Net Income 2016: -$23,4612016Revenue 2017: $2,353,434Expenses 2017: $2,176,313Net Income 2017: $177,1212017Revenue 2018: $2,936,777Expenses 2018: $2,776,036Net Income 2018: $160,7412018Revenue 2019: $3,318,660Expenses 2019: $3,113,805Net Income 2019: $204,8552019Revenue 2020: $3,163,853Expenses 2020: $3,217,582Net Income 2020: -$53,7292020Revenue 2021: $4,486,494Expenses 2021: $3,649,386Net Income 2021: $837,1082021Revenue 2022: $9,261,732Expenses 2022: $4,558,989Net Income 2022: $4,702,7432022Revenue 2023: $10,270,140Expenses 2023: $6,339,651Net Income 2023: $3,930,4892023Revenue 2025: $9,754,165Expenses 2025: $7,329,691Net Income 2025: $2,424,4742025

Highlighted filing

2015

Revenue$1,822,788
Expenses$1,697,754
Net Income$125,034
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Jan 15, 2016
Return Version
2014v6.0
Gross Receipts
$1,829,108
Mission and Program Overview

Mission

Liberty classical academy is an independent private school offering college-preparatory academics and christian faith in the classical tradition for minneapolis-st. Paul students in preschool and kindergarten through the 12th grade.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$94,302$227,758▲ $133,456
Land, Buildings, and Equipment, Net$20,715$68,741▲ $48,026
Pledges and Grants Receivable$27,503$27,549▲ $46
Prepaid Expenses and Deferred Charges$10,282$12,066▲ $1,784
Accounts Receivable$9,747$11,624▲ $1,877
Total Assets$168,549$362,954▲ $194,405
Other Assets Total$6,000$15,216▲ $9,216
Liabilities
Deferred Revenue$24,950$104,053▲ $79,103
Accounts Payable and Accrued Expenses$18,282$2,550▼ $15,732
Total Liabilities$43,232$106,603▲ $63,371
Net Assets / Fund Balance
Temporarily Rstr Net Assets$127,894$158,599▲ $30,705
Unrestricted Net Assets$-2,577$97,752▲ $100,329
Total Net Assets Fund Balance$125,317$256,351▲ $131,034
Total Liabilities and Net Assets / Fund Balance$168,549$362,954▲ $194,405

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$68,741$21,106$89,847
Compensation and Service Providers
Top Officer Pay41st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rebekah HagstromHeadmaster/pFT$36,500-$36,500
Jennica DixionTreasurerFT$10,957$5,782$16,739

Board Members and Trustees

NameTitle
Kim KornBoard Member
Mark HarrisBoard Member
Todd McgregorBoard Member
Theresa KlarrSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$320,532
Program Service Revenue
$1,490,668
Investment Income
$-1,592
Other Revenue
$13,180
All Other Contributions
$207,366
Change in Net Assets
$125,034

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,447,507
Revenue Not Reported on Financial Statements
$375,281
Revenue Not Reported on Form 990
$23,667
Other Revenue Adjustments
$375,281
Total Revenue per Audited Statements
$1,471,174
Total Revenue per Form 990
$1,822,788
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$974,674
Grants and Similar Amounts Paid$375,281
Other Expenses$347,799
Total Fundraising Expense$43,505
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$722,105$100,996$32,780$855,881
Grants to Domestic Individuals$375,281--$375,281
Occupancy$73,071$15,022$3,317$91,410
Payroll Taxes$57,333$11,414$2,589$71,336
Current Officers, Directors, Trustees, and Key Employees-$47,457-$47,457
Office Expenses$33,799$5,205$1,149$40,153
Advertising$32,856-$1,237$34,093
Travel$20,040--$20,040
Other Expenses$17,408$4,639$1,024$17,408
All Other Expenses$14,575$2,280$401$17,256
Insurance$9,451$1,943$429$11,823
Depreciation Depletion$7,259$1,493$330$9,082
Information Technology$6,623-$249$6,872
Fees for Services Accounting$4,931$594-$5,525
Conferences and Meetings$1,196--$1,196
Fees for Services Other-$376-$376
Total Functional Expenses$1,462,830$191,419$43,505$1,697,754

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,697,754
Total Expenses per Audited Statements$1,340,140
Expenses per Audited Statements$1,322,473
Expenses Not Reported on Financial Statements$375,281
Other Expense Adjustments$375,281
Expenses Not Reported on Form 990$17,667
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$4,465
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Marathon$113,166-$4,465-
Total Events$113,166-$4,465$-4,465
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
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
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The 990 will be presented at a board meeting for approval by the board.”

Form 990, Page 6, Part VI, Line 15A

“Director's salary is determined by the board of directors.”

Form 990, Page 6, Part VI, Line 19

“Financial statements and governing documents are available upon request”

Filing and Contact Details

Filer

Filer Name
Liberty Classical Academy
EIN
41-2000702
Phone
6517722777
Address
3878 HIGHLAND AVE, WHITE BEAR LAKE, MN 55110

Signing Officer

Name
Rebekah Hagstrom
Title
President
Phone
6517722777
Signed
2016-01-15

Organization Details

Principal Officer
Rebekah Hagstrom
Formed
2003
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
4
Employees
53
Volunteers
100

Preparer

Firm
Harrington Langer & Associates
Address
563 PHALEN BLVD, SAINT PAUL, MN 55130
Preparer
Nichole Fairbanks
Phone
6514811128
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Liberty classical academy is an independent private school offering college-preparatory academics and christian faith in the classical tradition for minneapolis-st. Paul students in preschool and kindergarten through the 12th grade.”

Form 990, Part XI, Line 9

“Special events 4,465 financial aid -375,281 special events -4,465 financial aid 375,281”

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

“SPECIAL EVENTS 4,465”

Schedule D, Page 4, Part XI, Line 4B

“FINANCIAL AID 375,281”

Schedule D, Page 4, Part XII, Line 2D

“SPECIAL EVENTS 4,465”

Schedule D, Page 4, Part XII, Line 4B

“FINANCIAL AID 375,281”

Raw XML AppendixShowing 400 of 435 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt018282
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt02550
IRS990/AccountsReceivableGrp/BOYAmt09747
IRS990/AccountsReceivableGrp/EOYAmt011624
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0LIBERTY CLASSICAL ACADEMY IS AN INDEPENDENT PRIVATE SCHOOL OFFERING COLLEGE-PREPARATORY ACADEMICS AND CHRISTIAN FAITH IN THE CLASSICAL TRADITION FOR MINNEAPOLIS-ST. PAUL STUDENTS IN PRESCHOOL AND KINDERGARTEN THROUGH THE 12TH GRADE.
IRS990/AdvertisingGrp/FundraisingAmt01237
IRS990/AdvertisingGrp/ProgramServicesAmt032856
IRS990/AdvertisingGrp/TotalAmt034093
IRS990/AllOtherContributionsAmt0207366
IRS990/AllOtherExpensesGrp/FundraisingAmt0401
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt02280
IRS990/AllOtherExpensesGrp/ProgramServicesAmt014575
IRS990/AllOtherExpensesGrp/TotalAmt017256
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0LIBERTY CLASSICAL ACADEMY
IRS990/BooksInCareOfDetail/PhoneNum06517722777
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt03878 HIGHLAND AVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0WHITE BEAR LAKE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd055110
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt047457
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt047457
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt01196
IRS990/ConferencesMeetingsGrp/TotalAmt01196
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContriRptFundraisingEventAmt0113166
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0320532
IRS990/CYGrantsAndSimilarPaidAmt0375281
IRS990/CYInvestmentIncomeAmt0-1592
IRS990/CYOtherExpensesAmt0347799
IRS990/CYOtherRevenueAmt013180
IRS990/CYProgramServiceRevenueAmt01490668
IRS990/CYRevenuesLessExpensesAmt0125034
IRS990/CYSalariesCompEmpBnftPaidAmt0974674
IRS990/CYTotalExpensesAmt01697754
IRS990/CYTotalFundraisingExpenseAmt043505
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01822788
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt024950
IRS990/DeferredRevenueGrp/EOYAmt0104053
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/FundraisingAmt0330
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt01493
IRS990/DepreciationDepletionGrp/ProgramServicesAmt07259
IRS990/DepreciationDepletionGrp/TotalAmt09082
IRS990/Desc0LIBERTY CLASSICAL ACADEMY HAS GRADUATED SEVEN CLASSES SINCE OPENING IN 2003. THE GRADUATING STUDENTS WERE OFFERED OVER 198,000 IN SCHOLARSHIPS. ENROLLMENT HAS GROWN FROM 28 STUDENTS IN THE FALL OF 2003 IN GRADES K-8 TO 180 STUDENTS IN PRESCHOOL THROUGH 12TH GRADE IN FALL OF 2015.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonatedServicesAndUseFcltsAmt06000
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt053
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt01462830
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt0594
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt04931
IRS990/FeesForServicesAccountingGrp/TotalAmt05525
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0376
IRS990/FeesForServicesOtherGrp/TotalAmt0376
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt540.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/InstitutionalTrusteeInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt55782
IRS990/Form990PartVIISectionAGrp/PersonNm0REBEKAH HAGSTROM
IRS990/Form990PartVIISectionAGrp/PersonNm1THERESA KLARR
IRS990/Form990PartVIISectionAGrp/PersonNm2KIM KORN
IRS990/Form990PartVIISectionAGrp/PersonNm3TODD MCGREGOR
IRS990/Form990PartVIISectionAGrp/PersonNm4MARK HARRIS
IRS990/Form990PartVIISectionAGrp/PersonNm5JENNICA DIXION
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt036500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt510957
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0HEADMASTER/P
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5TREASURER
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02003
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingAmt0113166
IRS990/FundraisingDirectExpensesAmt04465
IRS990/GainOrLossGrp/OtherAmt0-1855
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantAmt0375281
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0375281
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0375281
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01829108
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt04
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt0249
IRS990/InformationTechnologyGrp/ProgramServicesAmt06623
IRS990/InformationTechnologyGrp/TotalAmt06872
IRS990/InsuranceGrp/FundraisingAmt0429
IRS990/InsuranceGrp/ManagementAndGeneralAmt01943
IRS990/InsuranceGrp/ProgramServicesAmt09451
IRS990/InsuranceGrp/TotalAmt011823
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0263
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0263
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt021106
IRS990/LandBldgEquipBasisNetGrp/BOYAmt020715
IRS990/LandBldgEquipBasisNetGrp/EOYAmt068741
IRS990/LandBldgEquipCostOrOtherBssAmt089847
IRS990/LegalDomicileStateCd0MN
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt01855
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0LIBERTY CLASSICAL ACADEMY IS AN INDEPENDENT PRIVATE SCHOOL OFFERING COLLEGE-PREPARATORY ACADEMICS AND CHRISTIAN FAITH IN THE CLASSICAL TRADITION FOR MINNEAPOLIS-ST. PAUL STUDENTS IN PRESCHOOL AND KINDERGARTEN THROUGH THE 12TH GRADE.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0125317
IRS990/NetAssetsOrFundBalancesEOYAmt0256351
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-1855
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-1855
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-4465
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt03317
IRS990/OccupancyGrp/ManagementAndGeneralAmt015022
IRS990/OccupancyGrp/ProgramServicesAmt073071
IRS990/OccupancyGrp/TotalAmt091410
IRS990/OfficeExpensesGrp/FundraisingAmt01149
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05205
IRS990/OfficeExpensesGrp/ProgramServicesAmt033799
IRS990/OfficeExpensesGrp/TotalAmt040153
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt06000
IRS990/OtherAssetsTotalGrp/EOYAmt015216
IRS990/OtherExpensesGrp/Desc0LUNCH PROGRAM
IRS990/OtherExpensesGrp/Desc1SCHOOL EVENTS
IRS990/OtherExpensesGrp/Desc2BUILDING MAINTENANCE
IRS990/OtherExpensesGrp/Desc3BAD DEBT
IRS990/OtherExpensesGrp/FundraisingAmt01024
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04639
IRS990/OtherExpensesGrp/ProgramServicesAmt034285
IRS990/OtherExpensesGrp/ProgramServicesAmt130052
IRS990/OtherExpensesGrp/ProgramServicesAmt222565
IRS990/OtherExpensesGrp/ProgramServicesAmt317408
IRS990/OtherExpensesGrp/TotalAmt034285
IRS990/OtherExpensesGrp/TotalAmt130052
IRS990/OtherExpensesGrp/TotalAmt228228
IRS990/OtherExpensesGrp/TotalAmt317408
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt017645
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt017645
IRS990/OtherRevenueTotalAmt017645
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt032780
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0100996
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0722105
IRS990/OtherSalariesAndWagesGrp/TotalAmt0855881
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt02589
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt011414
IRS990/PayrollTaxesGrp/ProgramServicesAmt057333
IRS990/PayrollTaxesGrp/TotalAmt071336
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt027503
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt027549
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt010282
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt012066
IRS990/PrincipalOfficerNm0REBEKAH HAGSTROM
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0SCHOOL TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01490668
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01490668
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0209273
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0324912
IRS990/PYInvestmentIncomeAmt0812
IRS990/PYOtherExpensesAmt0220954
IRS990/PYOtherRevenueAmt011123
IRS990/PYProgramServiceRevenueAmt01267697
IRS990/PYRevenuesLessExpensesAmt036462
IRS990/PYSalariesCompEmpBnftPaidAmt0906577
IRS990/PYTotalExpensesAmt01452443
IRS990/PYTotalRevenueAmt01488905
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0125034
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01490668
IRS990/SavingsAndTempCashInvstGrp/BOYAmt094302
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0227758
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/DonatedServicesAndUseFcltsAmt019202
IRS990ScheduleD/DonatedServicesUseFcltsAmt013202
IRS990ScheduleD/EquipmentGrp/BookValueAmt068741
IRS990ScheduleD/EquipmentGrp/DepreciationAmt021106
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt089847
IRS990ScheduleD/ExpensesNotReportedAmt017667
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0375281
IRS990ScheduleD/ExpensesSubtotalAmt01322473
IRS990ScheduleD/OtherExpensesIncludedAmt04465
IRS990ScheduleD/OtherExpensesNotIncludedAmt0375281
IRS990ScheduleD/OtherRevenueAmt04465
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0375281
IRS990ScheduleD/RevenueNotReportedAmt023667
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0375281
IRS990ScheduleD/RevenueSubtotalAmt01447507
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SPECIAL EVENTS 4,465
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FINANCIAL AID 375,281
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SPECIAL EVENTS 4,465
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3FINANCIAL AID 375,281
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3SCHEDULE D, PAGE 4, PART XII, LINE 4B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt068741
IRS990ScheduleD/TotalExpensesPerForm990Amt01697754
IRS990ScheduleD/TotalRevenuePerForm990Amt01822788
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01471174
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01340140
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOLS RACIAL NONDISCRIMINATORY POLICY IS PRINTED IN IT'S BROCHURES AND ADS
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1TEXTBOOK AID & NURSING HELP
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0113166
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0113166
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt04465
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF MARATHON
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0113166
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0113166
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-4465
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt04465
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt04465
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0375281
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0FINANCIAL AID
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0FINANCIAL AID IS DETERMINED BY A FAMILY'S ABILITY TO MEET EDUCATION EXPENSES. THE FINANCIAL AID DETERMINATION IS BASED ON DEMONSTRATED NEED NOT ON THE WILLINGNESS OR UNWILLINGNESS TO PAY. FINANCIAL AID IS AVAILABLE TO RETURNING CURRENT STUDENTS AND TO NEW STUDENTS WHO HAVE BEEN ACCEPTED FOR ADMISSION IN GRADES K-12.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LIBERTY CLASSICAL ACADEMY IS AN INDEPENDENT PRIVATE SCHOOL OFFERING COLLEGE-PREPARATORY ACADEMICS AND CHRISTIAN FAITH IN THE CLASSICAL TRADITION FOR MINNEAPOLIS-ST. PAUL STUDENTS IN PRESCHOOL AND KINDERGARTEN THROUGH THE 12TH GRADE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 WILL BE PRESENTED AT A BOARD MEETING FOR APPROVAL BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DIRECTOR'S SALARY IS DETERMINED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SPECIAL EVENTS 4,465 FINANCIAL AID -375,281 SPECIAL EVENTS -4,465 FINANCIAL AID 375,281
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0127894
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0158599
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0168549
IRS990/TotalAssetsEOYAmt0362954
IRS990/TotalAssetsGrp/BOYAmt0168549
IRS990/TotalAssetsGrp/EOYAmt0362954
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0320532
IRS990/TotalEmployeeCnt053
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt043505
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0191419
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01462830
IRS990/TotalFunctionalExpensesGrp/TotalAmt01697754
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt043232
IRS990/TotalLiabilitiesEOYAmt0106603
IRS990/TotalLiabilitiesGrp/BOYAmt043232
IRS990/TotalLiabilitiesGrp/EOYAmt0106603
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0125317
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0256351
IRS990/TotalOtherCompensationAmt05782
IRS990/TotalProgramServiceExpensesAmt01462830
IRS990/TotalProgramServiceRevenueAmt01490668
IRS990/TotalReportableCompFromOrgAmt047457
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01506721
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01822788
IRS990/TotalVolunteersCnt0100
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0168549
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0362954
IRS990/TravelGrp/ProgramServicesAmt020040
IRS990/TravelGrp/TotalAmt020040
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-2577
IRS990/UnrestrictedNetAssetsGrp/EOYAmt097752
IRS990/UponRequestInd0X

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$362,954
Liabilities
$106,603
Net assets
$256,351
Revenue
$1,822,788
Expenses
$1,697,754
Net income
$125,034
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.5$1.41$20.1$9.75$7.33$2.42
2023Summary only. Only limited summary data is available for this year.$10.5$0.31$10.2$10.3$6.34$3.93
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.98$0.72$6.26$9.26$4.56$4.70
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.66$0.10$1.56$4.49$3.65$0.84
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.15$0.43$0.72$3.16$3.22$0.05
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.83$0.06$0.78$3.32$3.11$0.20
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.69$0.12$0.57$2.94$2.78$0.16
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.53$0.12$0.41$2.35$2.18$0.18
2016Detailed filing. Detailed filing data is available for this year.$0.33$0.10$0.23$1.87$1.90$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.36$0.11$0.26$1.82$1.70$0.13
2014Detailed filing. Detailed filing data is available for this year.$0.17$0.04$0.13$1.49$1.45$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.13$0.04$0.09$1.10
2012Summary only. Only limited summary data is available for this year.$0.17$0.04$0.13$1.07$1.05$0.02
2011Summary only. Only limited summary data is available for this year.$0.16$0.04$0.11$0.93$0.99$0.06