Civic Intelligence

Liberty Classical Academy

990 • Fiscal year 2022 • EIN 41-2000702

Jul 01, 2021 to Jun 30, 2022 • Filed on Feb 08, 2022

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

47th percentile

0.10x

Higher debt load relative to assets than 47% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

34th percentile

0.08x

Higher debt load relative to revenue than 34% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

89th percentile

51%

Higher net margin than 89% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

27th percentile

$58,385

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 0.6% of source-year revenue.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

98th percentile

322%

Faster asset growth than 98% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

93rd percentile

106%

Faster revenue growth than 93% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets47th percentile

Assets

Up

$6,977,009

Up $5,321,870 (+322%) from 2021

Net Assets

Up

$6,261,729

Up $4,702,743 (+302%) from 2021

Liabilities

Up

$715,280

Up $619,127 (+644%) from 2021

Revenue And Expenses
Liabilities / Revenue34th percentileNet Margin89th percentile

Revenue

Up

$9,261,732

Up $4,775,238 (+106%) from 2021

Expenses

Up

$4,558,989

Up $909,603 (+25%) from 2021

Net Income

Up

$4,702,743

Up $3,865,635 (+462%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth98th 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

2022

Assets$6,977,009
Liabilities$715,280
Net Assets$6,261,729
Open 2022 Filing

Operations Trend

Revenue Growth93rd 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

2022

Revenue$9,261,732
Expenses$4,558,989
Net Income$4,702,743
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Feb 8, 2022
Return Version
2021v4.0
Gross Receipts
$9,263,090
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
Cash and Non-Interest-Bearing Accounts$1,284,011$4,589,868▲ $3,305,857
Land, Buildings, and Equipment, Net$295,890$2,301,249▲ $2,005,359
Pledges and Grants Receivable$42,158$52,881▲ $10,723
Prepaid Expenses and Deferred Charges$5,705$5,705→ $0
Accounts Receivable$2,159$2,090▼ $69
Total Assets$1,655,139$6,977,009▲ $5,321,870
Other Assets Total$25,216$25,216→ $0
Liabilities
Accounts Payable and Accrued Expenses$18,285$481,268▲ $462,983
Deferred Revenue$77,868$234,012▲ $156,144
Total Liabilities$96,153$715,280▲ $619,127
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,215,278$3,134,419▲ $1,919,141
Net Assets With Donor Restrictions$343,708$3,127,310▲ $2,783,602
Total Net Assets Fund Balance$1,558,986$6,261,729▲ $4,702,743
Total Liabilities and Net Assets / Fund Balance$1,655,139$6,977,009▲ $5,321,870

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,743,491$9,151$1,752,642
Leasehold Improvements$263,469$92,653$356,122
Equipment$48,986$104,770$153,756
Land$131,799-$131,799
Other Land Buildings$113,504$634$114,138
Compensation and Service Providers
Top Officer Pay27th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Rebekah HagstromHeadmaster/pFT$58,385$58,385

Board Members and Trustees

NameTitle
Dan NelsonBoard Member
Greg BourgondBoard Member
Heather Thompson BuumBoard Member
Melanie ZahlerBoard Member
Scott SochayBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$4,840,417
Program Service Revenue
$4,348,204
Investment Income
$4,863
Other Revenue
$68,248
All Other Contributions
$4,566,921
Change in Net Assets
$4,702,743

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,516,331
Revenue Not Reported on Financial Statements
$745,401
Other Revenue Adjustments
$745,401
Total Revenue per Audited Statements
$8,516,331
Total Revenue per Form 990
$9,261,732
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,858,875
Other Expenses$954,713
Grants and Similar Amounts Paid$745,401
Total Fundraising Expense$193,036
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,850,686$568,104$146,589$2,565,379
Grants to Domestic Individuals$745,401--$745,401
Payroll Taxes$150,230$44,706$11,536$206,472
Occupancy$145,811$43,391$11,196$200,398
All Other Expenses$82,966$24,434$2,848$110,248
Office Expenses$75,021$22,324$5,761$103,106
Advertising$96,871-$5,732$102,603
Fees for Services Other$52,146$14,411-$66,557
Current Officers, Directors, Trustees, and Key Employees$58,385--$58,385
Depreciation Depletion$40,235$11,973$3,089$55,297
Other Expenses$41,992-$2,485$44,477
Other Employee Benefits$20,838$6,201$1,600$28,639
Insurance$16,429$4,889$1,262$22,580
Information Technology$15,855-$938$16,793
Conferences and Meetings$5,500--$5,500
Total Functional Expenses$3,625,520$740,433$193,036$4,558,989

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$4,558,989
Expenses per Audited Statements$3,813,588
Total Expenses per Audited Statements$3,813,588
Expenses Not Reported on Financial Statements$745,401
Other Expense Adjustments$745,401
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Scholarship Dri$273,496---
Total Events$273,496---
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
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
No
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, 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
Headmaster/president
Phone
6517722777
Signed
2022-02-08

Organization Details

Principal Officer
Rebekah Hagstrom
Formed
2003
Legal Domicile
Mn
Voting Board Members
6
Independent Board Members
5
Employees
82
Volunteers
60

Preparer

Firm
Harrington Langer & Associates
Address
563 PHALEN BLVD, SAINT PAUL, MN 55130
Preparer
Steven Schurhamer
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

“Financial aid -745,401 financial aid 745,401”

Financial Statement Notes

Schedule D, Page 3, Part X

“Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the academy and recognize a tax liability (or asset) for any uncertain position that more likely than not would not be sustained upon examination by the applicable tax authorities. The academy is subject to routine audits by taxing authorities; however, there are currently no audits for any tax periods in progress.”

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

“FINANCIAL AID 745,401”

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

“FINANCIAL AID 745,401”

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

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IRS990/OtherExpensesGrp/ProgramServicesAmt341992
IRS990/OtherExpensesGrp/TotalAmt088480
IRS990/OtherExpensesGrp/TotalAmt175411
IRS990/OtherExpensesGrp/TotalAmt263263
IRS990/OtherExpensesGrp/TotalAmt344477
IRS990/OtherRevenueMiscGrp/Desc0DISTRICT REIMBURSED EXPENSES
IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt052000
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt116248
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt052000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt116248
IRS990/OtherRevenueTotalAmt068248
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0146589
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0568104
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01850686
IRS990/OtherSalariesAndWagesGrp/TotalAmt02565379
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt011536
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt044706
IRS990/PayrollTaxesGrp/ProgramServicesAmt0150230
IRS990/PayrollTaxesGrp/TotalAmt0206472
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt042158
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt052881
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05705
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05705
IRS990/PrincipalOfficerNm0REBEKAH HAGSTROM
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0SCHOOL TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04348204
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04348204
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01179793
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0665802
IRS990/PYInvestmentIncomeAmt07912
IRS990/PYOtherExpensesAmt0667855
IRS990/PYOtherRevenueAmt040065
IRS990/PYProgramServiceRevenueAmt03258724
IRS990/PYRevenuesLessExpensesAmt0837108
IRS990/PYSalariesCompEmpBnftPaidAmt02315729
IRS990/PYTotalExpensesAmt03649386
IRS990/PYTotalRevenueAmt04486494
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt04702743
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
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/BookValueAmt01743491
IRS990ScheduleD/BuildingsGrp/DepreciationAmt09151
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01752642
IRS990ScheduleD/EquipmentGrp/BookValueAmt048986
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0104770
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0153756
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0745401
IRS990ScheduleD/ExpensesSubtotalAmt03813588
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0131799
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0131799
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0263469
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt092653
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0356122
IRS990ScheduleD/OtherExpensesNotIncludedAmt0745401
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0113504
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0634
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0114138
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0745401
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0745401
IRS990ScheduleD/RevenueSubtotalAmt08516331
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ACADEMY AND RECOGNIZE A TAX LIABILITY (OR ASSET) FOR ANY UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAX AUTHORITIES. THE ACADEMY IS SUBJECT TO ROUTINE AUDITS BY TAXING AUTHORITIES; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FINANCIAL AID 745,401
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FINANCIAL AID 745,401
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 4B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02301249
IRS990ScheduleD/TotalExpensesPerForm990Amt04558989
IRS990ScheduleD/TotalRevenuePerForm990Amt09261732
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt08516331
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03813588
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/CharitableContributionsTotAmt0273496
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0273496
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0SCHOLARSHIP DRI
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0273496
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0273496
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0745401
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0FINANCIAL AID
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt085
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/ExplanationTxt4FINANCIAL AID -745,401 FINANCIAL AID 745,401
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/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01655139
IRS990/TotalAssetsEOYAmt06977009
IRS990/TotalAssetsGrp/BOYAmt01655139
IRS990/TotalAssetsGrp/EOYAmt06977009
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt04840417
IRS990/TotalEmployeeCnt082
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0193036
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0740433
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03625520
IRS990/TotalFunctionalExpensesGrp/TotalAmt04558989
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt096153
IRS990/TotalLiabilitiesEOYAmt0715280
IRS990/TotalLiabilitiesGrp/BOYAmt096153
IRS990/TotalLiabilitiesGrp/EOYAmt0715280
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01558986
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06261729
IRS990/TotalProgramServiceExpensesAmt03625520
IRS990/TotalProgramServiceRevenueAmt04348204
IRS990/TotalReportableCompFromOrgAmt058385
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04421315
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt09261732
IRS990/TotalVolunteersCnt060
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01655139
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06977009
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,977,009
Liabilities
$715,280
Net assets
$6,261,729
Revenue
$9,261,732
Expenses
$4,558,989
Net income
$4,702,743
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
2022Detailed filing. Detailed filing data is available for this year.$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