Civic Intelligence

Liberty Classical Academy

990 • Fiscal year 2023 • EIN 41-2000702

Jul 01, 2022 to Jun 30, 2023 • Filed on Feb 02, 2024

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

23rd percentile

0.03x

Higher debt load relative to assets than 23% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

14th percentile

0.03x

Higher debt load relative to revenue than 14% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

86th percentile

38%

Higher net margin than 86% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

22nd percentile

$102,215

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

90th percentile

51%

Faster asset growth than 90% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

60th percentile

11%

Faster revenue growth than 60% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets23rd percentile

Assets

Flat

$10,506,539

Flat from 2023

Net Assets

Flat

$10,192,218

Flat from 2023

Liabilities

Flat

$314,321

Flat from 2023

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin86th percentile

Revenue

Flat

$10,270,140

Flat from 2023

Expenses

Flat

$6,339,651

Flat from 2023

Net Income

Flat

$3,930,489

Flat from 2023

Historical Trend

Balance Sheet Trend

Asset Growth90th 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 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

2023

Assets$10,506,539
Liabilities$314,321
Net Assets$10,192,218
Open 2023 Filing

Operations Trend

Revenue Growth60th 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 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

2023

Revenue$10,270,140
Expenses$6,339,651
Net Income$3,930,489
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Feb 2, 2024
Return Version
2022v5.0
Gross Receipts
$10,270,140
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
Land, Buildings, and Equipment, Net$2,301,249$5,284,603▲ $2,983,354
Cash and Non-Interest-Bearing Accounts$4,589,868$2,865,833▼ $1,724,035
Savings and Temporary Cash Investments-$2,065,620-
Pledges and Grants Receivable$52,881$66,948▲ $14,067
Prepaid Expenses and Deferred Charges$5,705$7,151▲ $1,446
Accounts Receivable$2,090$246▼ $1,844
Total Assets$6,977,009$10,506,539▲ $3,529,530
Other Assets Total$25,216$216,138▲ $190,922
Liabilities
Other Liabilities-$199,283-
Deferred Revenue$234,012$98,633▼ $135,379
Accounts Payable and Accrued Expenses$481,268$16,405▼ $464,863
Total Liabilities$715,280$314,321▼ $400,959
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,134,419$5,956,202▲ $2,821,783
Net Assets With Donor Restrictions$3,127,310$4,236,016▲ $1,108,706
Total Net Assets Fund Balance$6,261,729$10,192,218▲ $3,930,489
Total Liabilities and Net Assets / Fund Balance$6,977,009$10,506,539▲ $3,529,530

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,216,685$266,697$2,483,382
Land$1,695,301-$1,695,301
Buildings$1,148,174$38,017$1,186,191
Leasehold Improvements$202,309$57,231$259,540
Equipment$22,134$8,314$30,448
Compensation and Service Providers
Top Officer Pay22nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Rebekah HagstromHeadmaster/pFT$102,215$102,215

Board Members and Trustees

NameTitle
Dan NelsonBoard Member
Greg BourgondBoard Member
Melanie ZahlerBoard Member
Sara MerrittBoard Member
Scott SochayBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$4,829,553
Program Service Revenue
$5,357,518
Investment Income
$12,478
Other Revenue
$70,591
All Other Contributions
$4,539,473
Change in Net Assets
$3,930,489

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,357,161
Revenue Not Reported on Financial Statements
$912,979
Other Revenue Adjustments
$912,979
Total Revenue per Audited Statements
$9,357,161
Total Revenue per Form 990
$10,270,140
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,968,423
Other Expenses$1,458,249
Grants and Similar Amounts Paid$912,979
Total Fundraising Expense$246,109
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,589,493$659,905$179,795$3,429,193
Grants to Domestic Individuals$912,979--$912,979
Occupancy$198,805$59,109$13,804$271,718
Payroll Taxes$197,823$58,817$13,735$270,375
Advertising$164,489-$8,803$173,292
Depreciation Depletion$123,692$36,776$8,588$169,056
Office Expenses$100,047$29,745$6,947$136,739
Pension Plan Contributions$116,190--$116,190
All Other Expenses$91,676$20,466$2,861$115,003
Current Officers, Directors, Trustees, and Key Employees-$110,000-$110,000
Other Expenses$87,460$30,146$7,040$87,460
Fees for Services Other$48,173$4,693-$52,866
Other Employee Benefits$31,217$9,281$2,167$42,665
Insurance$22,659$6,737$1,573$30,969
Information Technology$14,872-$796$15,668
Conferences and Meetings$9,986--$9,986
Fees for Services Accounting-$8,700-$8,700
Total Functional Expenses$5,059,167$1,034,375$246,109$6,339,651

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$6,339,651
Expenses per Audited Statements$5,426,672
Total Expenses per Audited Statements$5,426,672
Expenses Not Reported on Financial Statements$912,979
Other Expense Adjustments$912,979
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$290,080---
Total Events$290,080---
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liabilities$199,283
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
2024-02-02

Organization Details

Principal Officer
Rebekah Hagstrom
Formed
2003
Legal Domicile
Mn
Voting Board Members
6
Independent Board Members
5
Employees
104
Volunteers
112

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 -912,979 financial aid 912,979”

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 912,979”

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

“FINANCIAL AID 912,979”

Raw XML AppendixShowing 400 of 447 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/BOYAmt0481268
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt016405
IRS990/AccountsReceivableGrp/BOYAmt02090
IRS990/AccountsReceivableGrp/EOYAmt0246
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/FundraisingAmt08803
IRS990/AdvertisingGrp/ProgramServicesAmt0164489
IRS990/AdvertisingGrp/TotalAmt0173292
IRS990/AllOtherContributionsAmt04539473
IRS990/AllOtherExpensesGrp/FundraisingAmt02861
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt020466
IRS990/AllOtherExpensesGrp/ProgramServicesAmt091676
IRS990/AllOtherExpensesGrp/TotalAmt0115003
IRS990/AnnualDisclosureCoveredPrsnInd0true
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/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt04589868
IRS990/CashNonInterestBearingGrp/EOYAmt02865833
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0110000
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0110000
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt09986
IRS990/ConferencesMeetingsGrp/TotalAmt09986
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContriRptFundraisingEventAmt0290080
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt04829553
IRS990/CYGrantsAndSimilarPaidAmt0912979
IRS990/CYInvestmentIncomeAmt012478
IRS990/CYOtherExpensesAmt01458249
IRS990/CYOtherRevenueAmt070591
IRS990/CYProgramServiceRevenueAmt05357518
IRS990/CYRevenuesLessExpensesAmt03930489
IRS990/CYSalariesCompEmpBnftPaidAmt03968423
IRS990/CYTotalExpensesAmt06339651
IRS990/CYTotalFundraisingExpenseAmt0246109
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt010270140
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt0234012
IRS990/DeferredRevenueGrp/EOYAmt098633
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/FundraisingAmt08588
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt036776
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0123692
IRS990/DepreciationDepletionGrp/TotalAmt0169056
IRS990/Desc0LIBERTY CLASSICAL ACADEMY JOINS RIGOROUS ACADEMICS WITH A PASSIONATE COMMITMENT TO THE CHRISTIAN FAITH. WE ARE DEDICATED TO OUR STUDENTS AND TO THEIR FAMILIES, TO BUILDING LIFELONG LEARNERS WHO ARE READY FOR COLLEGE AND READY FOR LIFE, AND WHO WILL INSPIRE OTHERS TOWARD A LIFE WORTH LIVING.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt03127310
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt04236016
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt0104
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt05059167
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt08700
IRS990/FeesForServicesAccountingGrp/TotalAmt08700
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt04693
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt048173
IRS990/FeesForServicesOtherGrp/TotalAmt052866
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/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0REBEKAH HAGSTROM
IRS990/Form990PartVIISectionAGrp/PersonNm1GREG BOURGOND
IRS990/Form990PartVIISectionAGrp/PersonNm2SARA MERRITT
IRS990/Form990PartVIISectionAGrp/PersonNm3DAN NELSON
IRS990/Form990PartVIISectionAGrp/PersonNm4SCOTT SOCHAY
IRS990/Form990PartVIISectionAGrp/PersonNm5MELANIE ZAHLER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0102215
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0HEADMASTER/P
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02003
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingAmt0290080
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantAmt0912979
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0912979
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0912979
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt010270140
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt0796
IRS990/InformationTechnologyGrp/ProgramServicesAmt014872
IRS990/InformationTechnologyGrp/TotalAmt015668
IRS990/InsuranceGrp/FundraisingAmt01573
IRS990/InsuranceGrp/ManagementAndGeneralAmt06737
IRS990/InsuranceGrp/ProgramServicesAmt022659
IRS990/InsuranceGrp/TotalAmt030969
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt012478
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt012478
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt019
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0370259
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02301249
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05284603
IRS990/LandBldgEquipCostOrOtherBssAmt05654862
IRS990/LegalDomicileStateCd0MN
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/NetAssetsOrFundBalancesBOYAmt06261729
IRS990/NetAssetsOrFundBalancesEOYAmt010192218
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt03134419
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt05956202
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt013804
IRS990/OccupancyGrp/ManagementAndGeneralAmt059109
IRS990/OccupancyGrp/ProgramServicesAmt0198805
IRS990/OccupancyGrp/TotalAmt0271718
IRS990/OfficeExpensesGrp/FundraisingAmt06947
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt029745
IRS990/OfficeExpensesGrp/ProgramServicesAmt0100047
IRS990/OfficeExpensesGrp/TotalAmt0136739
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt025216
IRS990/OtherAssetsTotalGrp/EOYAmt0216138
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt02167
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt09281
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt031217
IRS990/OtherEmployeeBenefitsGrp/TotalAmt042665
IRS990/OtherExpensesGrp/Desc0CURRICULUM AND CLASSROOM
IRS990/OtherExpensesGrp/Desc1BUILDING MAINTENANCE
IRS990/OtherExpensesGrp/Desc2SCHOOL ATHLETICS & EVENTS
IRS990/OtherExpensesGrp/Desc3LUNCH PROGRAM
IRS990/OtherExpensesGrp/FundraisingAmt07040
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt030146
IRS990/OtherExpensesGrp/ProgramServicesAmt0154567
IRS990/OtherExpensesGrp/ProgramServicesAmt1101393
IRS990/OtherExpensesGrp/ProgramServicesAmt293646
IRS990/OtherExpensesGrp/ProgramServicesAmt387460
IRS990/OtherExpensesGrp/TotalAmt0154567
IRS990/OtherExpensesGrp/TotalAmt1138579
IRS990/OtherExpensesGrp/TotalAmt293646
IRS990/OtherExpensesGrp/TotalAmt387460
IRS990/OtherLiabilitiesGrp/EOYAmt0199283
IRS990/OtherRevenueMiscGrp/Desc0DISTRICT REIMBURSED EXPENSES
IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt054771
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt115820
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt054771
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt115820
IRS990/OtherRevenueTotalAmt070591
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0179795
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0659905
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02589493
IRS990/OtherSalariesAndWagesGrp/TotalAmt03429193
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt013735
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt058817
IRS990/PayrollTaxesGrp/ProgramServicesAmt0197823
IRS990/PayrollTaxesGrp/TotalAmt0270375
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0116190
IRS990/PensionPlanContributionsGrp/TotalAmt0116190
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt052881
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt066948
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05705
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07151
IRS990/PrincipalOfficerNm0REBEKAH HAGSTROM
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0SCHOOL TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05357518
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05357518
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt04840417
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0745401
IRS990/PYInvestmentIncomeAmt04863
IRS990/PYOtherExpensesAmt0954713
IRS990/PYOtherRevenueAmt068248
IRS990/PYProgramServiceRevenueAmt04348204
IRS990/PYRevenuesLessExpensesAmt04702743
IRS990/PYSalariesCompEmpBnftPaidAmt02858875
IRS990/PYTotalExpensesAmt04558989
IRS990/PYTotalRevenueAmt09261732
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt03930489
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02065620
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/BookValueAmt01148174
IRS990ScheduleD/BuildingsGrp/DepreciationAmt038017
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01186191
IRS990ScheduleD/EquipmentGrp/BookValueAmt022134
IRS990ScheduleD/EquipmentGrp/DepreciationAmt08314
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt030448
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0912979
IRS990ScheduleD/ExpensesSubtotalAmt05426672
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01695301
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01695301
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0202309
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt057231
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0259540
IRS990ScheduleD/OtherExpensesNotIncludedAmt0912979
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02216685
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0266697
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02483382
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0199283
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OPERATING LEASE LIABILITIES
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0912979
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0912979
IRS990ScheduleD/RevenueSubtotalAmt09357161
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 912,979
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FINANCIAL AID 912,979
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/TotalBookValueLandBuildingsAmt05284603
IRS990ScheduleD/TotalExpensesPerForm990Amt06339651
IRS990ScheduleD/TotalLiabilityAmt0199283
IRS990ScheduleD/TotalRevenuePerForm990Amt010270140
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt09357161
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05426672
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/CharitableContributionsTotAmt0290080
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0290080
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0SCHOLARSHIP DRI
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0290080
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0290080
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0912979
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0FINANCIAL AID
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt099
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 -912,979 FINANCIAL AID 912,979
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/TotalAssetsBOYAmt06977009
IRS990/TotalAssetsEOYAmt010506539
IRS990/TotalAssetsGrp/BOYAmt06977009
IRS990/TotalAssetsGrp/EOYAmt010506539
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt04829553
IRS990/TotalEmployeeCnt0104
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0246109
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01034375
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt05059167
IRS990/TotalFunctionalExpensesGrp/TotalAmt06339651
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0715280
IRS990/TotalLiabilitiesEOYAmt0314321
IRS990/TotalLiabilitiesGrp/BOYAmt0715280
IRS990/TotalLiabilitiesGrp/EOYAmt0314321
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06261729
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt010192218
IRS990/TotalProgramServiceExpensesAmt05059167
IRS990/TotalProgramServiceRevenueAmt05357518
IRS990/TotalReportableCompFromOrgAmt0102215

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,506,539
Liabilities
$314,321
Net assets
$10,192,218
Revenue
$10,270,140
Expenses
$6,339,651
Net income
$3,930,489
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
2023Detailed filing. Detailed filing data is available for this year.$10.5$0.31$10.2$10.3$6.34$3.93
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