Civic Intelligence

Liberty Classical Academy

990 • Fiscal year 2024 • EIN 41-2000702

Jul 01, 2023 to Jun 30, 2024 • Filed on Jan 29, 2025

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

17th percentile

0.01x

Higher debt load relative to assets than 17% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

11th percentile

0.02x

Higher debt load relative to revenue than 11% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

89th percentile

51%

Higher net margin than 89% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

25th percentile

$113,412

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

95th percentile

71%

Faster asset growth than 95% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

83rd percentile

43%

Faster revenue growth than 83% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$17,915,796

Up $7,409,257 (+71%) from 2023

Net Assets

Up

$17,688,585

Up $7,496,367 (+74%) from 2023

Liabilities

Down

$227,211

Down $87,110 (-28%) from 2023

Revenue And Expenses
Liabilities / Revenue11th percentileNet Margin89th percentile

Revenue

Up

$14,669,825

Up $4,399,685 (+43%) from 2023

Expenses

Up

$7,173,458

Up $833,807 (+13%) from 2023

Net Income

Up

$7,496,367

Up $3,565,878 (+91%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth95th 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 2024: $17,915,796Liabilities 2024: $227,211Net Assets 2024: $17,688,5852024Assets 2025: $21,522,102Liabilities 2025: $1,409,043Net Assets 2025: $20,113,0592025

Highlighted filing

2024

Assets$17,915,796
Liabilities$227,211
Net Assets$17,688,585
Open 2024 Filing

Operations Trend

Revenue Growth83rd 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 2024: $14,669,825Expenses 2024: $7,173,458Net Income 2024: $7,496,3672024Revenue 2025: $9,754,165Expenses 2025: $7,329,691Net Income 2025: $2,424,4742025

Highlighted filing

2024

Revenue$14,669,825
Expenses$7,173,458
Net Income$7,496,367
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Jan 29, 2025
Return Version
2023v6.0
Gross Receipts
$14,669,825
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$2,065,620$11,311,937▲ $9,246,317
Land, Buildings, and Equipment, Net$5,284,603$6,069,138▲ $784,535
Pledges and Grants Receivable$66,948$452,117▲ $385,169
Prepaid Expenses and Deferred Charges$7,151$52,402▲ $45,251
Cash and Non-Interest-Bearing Accounts$2,865,833$4,986▼ $2,860,847
Accounts Receivable$246--
Total Assets$10,506,539$17,915,796▲ $7,409,257
Other Assets Total$216,138$25,216▼ $190,922
Liabilities
Other Liabilities$199,283--
Deferred Revenue$98,633$130,648▲ $32,015
Accounts Payable and Accrued Expenses$16,405$96,563▲ $80,158
Total Liabilities$314,321$227,211▼ $87,110
Net Assets / Fund Balance
Net Assets With Donor Restrictions$4,236,016$10,933,471▲ $6,697,455
Net Assets Without Donor Restrictions$5,956,202$6,755,114▲ $798,912
Total Net Assets Fund Balance$10,192,218$17,688,585▲ $7,496,367
Total Liabilities and Net Assets / Fund Balance$10,506,539$17,915,796▲ $7,409,257

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,823,094$236,645$4,059,739
Land$1,695,301-$1,695,301
Leasehold Improvements$419,707$188,875$608,582
Equipment$64,386$124,899$189,285
Other Land Buildings$66,650$38,812$105,462
Compensation and Service Providers
Top Officer Pay25th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rebekah HagstromHeadmaster/pFT$107,749$5,663$113,412
Marie WhiteheadFinance Dir/FT$70,933-$70,933

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$8,357,518
Program Service Revenue
$6,177,032
Investment Income
$61,062
Other Revenue
$74,213
All Other Contributions
$8,197,461
Change in Net Assets
$7,496,367

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,606,111
Revenue Not Reported on Financial Statements
$1,063,714
Other Revenue Adjustments
$1,063,714
Total Revenue per Audited Statements
$13,606,111
Total Revenue per Form 990
$14,669,825
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,543,880
Other Expenses$1,565,864
Grants and Similar Amounts Paid$1,063,714
Total Fundraising Expense$283,655
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,953,342$694,877$205,810$3,854,029
Grants to Domestic Individuals$1,063,714--$1,063,714
Payroll Taxes$225,375$67,221$15,706$308,302
Occupancy$201,069$59,972$14,012$275,053
Depreciation Depletion$160,074$47,744$11,155$218,973
Advertising$188,645-$10,126$198,771
Current Officers, Directors, Trustees, and Key Employees-$194,703-$194,703
Office Expenses$95,566$28,505$6,660$130,731
Pension Plan Contributions$90,404$18,424$6,300$115,128
All Other Expenses$78,113$22,618$2,381$103,112
Other Expenses$63,121$18,827$4,399$86,347
Fees for Services Other$57,125$15,928-$73,053
Other Employee Benefits$52,546$15,510$3,662$71,718
Insurance$32,621$9,729$2,273$44,623
Information Technology$21,818-$1,171$22,989
Fees for Services Accounting$11,195$3,122-$14,317
Fees for Services Legal$11,146$3,108-$14,254
Conferences and Meetings$10,805--$10,805
Total Functional Expenses$5,689,515$1,200,288$283,655$7,173,458

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$7,173,458
Expenses per Audited Statements$6,109,744
Total Expenses per Audited Statements$6,109,744
Expenses Not Reported on Financial Statements$1,063,714
Other Expense Adjustments$1,063,714
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$160,057---
Total Events$160,057---
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
2025-01-29

Organization Details

Principal Officer
Rebekah Hagstrom
Formed
2003
Legal Domicile
Mn
Voting Board Members
6
Independent Board Members
5
Employees
119
Volunteers
94

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 -1,063,714 financial aid 1,063,714”

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 1,063,714”

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

“FINANCIAL AID 1,063,714”

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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/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/NetAssetsOrFundBalancesBOYAmt010192218
IRS990/NetAssetsOrFundBalancesEOYAmt017688585
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt05956202
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt06755114
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt014012
IRS990/OccupancyGrp/ManagementAndGeneralAmt059972
IRS990/OccupancyGrp/ProgramServicesAmt0201069
IRS990/OccupancyGrp/TotalAmt0275053
IRS990/OfficeExpensesGrp/FundraisingAmt06660
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt028505
IRS990/OfficeExpensesGrp/ProgramServicesAmt095566
IRS990/OfficeExpensesGrp/TotalAmt0130731
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0216138
IRS990/OtherAssetsTotalGrp/EOYAmt025216
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt03662
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt015510
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt052546
IRS990/OtherEmployeeBenefitsGrp/TotalAmt071718
IRS990/OtherExpensesGrp/Desc0CURRICULUM AND CLASSROOM
IRS990/OtherExpensesGrp/Desc1SCHOOL ATHLETICS & EVENTS
IRS990/OtherExpensesGrp/Desc2LUNCH PROGRAM
IRS990/OtherExpensesGrp/Desc3BUILDING MAINTENANCE
IRS990/OtherExpensesGrp/FundraisingAmt04399
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt018827
IRS990/OtherExpensesGrp/ProgramServicesAmt0168521
IRS990/OtherExpensesGrp/ProgramServicesAmt1107331
IRS990/OtherExpensesGrp/ProgramServicesAmt296984
IRS990/OtherExpensesGrp/ProgramServicesAmt363121
IRS990/OtherExpensesGrp/TotalAmt0168521
IRS990/OtherExpensesGrp/TotalAmt1107331
IRS990/OtherExpensesGrp/TotalAmt296984
IRS990/OtherExpensesGrp/TotalAmt386347
IRS990/OtherLiabilitiesGrp/BOYAmt0199283
IRS990/OtherRevenueMiscGrp/Desc0DISTRICT REIMBURSED EXPENSES
IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt069016
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt15197
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt069016
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt15197
IRS990/OtherRevenueTotalAmt074213
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0205810
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0694877
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02953342
IRS990/OtherSalariesAndWagesGrp/TotalAmt03854029
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt015706
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt067221
IRS990/PayrollTaxesGrp/ProgramServicesAmt0225375
IRS990/PayrollTaxesGrp/TotalAmt0308302
IRS990/PensionPlanContributionsGrp/FundraisingAmt06300
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt018424
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt090404
IRS990/PensionPlanContributionsGrp/TotalAmt0115128
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt066948
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0452117
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07151
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt052402
IRS990/PrincipalOfficerNm0REBEKAH HAGSTROM
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0SCHOOL TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt06177032
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06177032
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt04829553
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0912979
IRS990/PYInvestmentIncomeAmt012478
IRS990/PYOtherExpensesAmt01458249
IRS990/PYOtherRevenueAmt070591
IRS990/PYProgramServiceRevenueAmt05357518
IRS990/PYRevenuesLessExpensesAmt03930489
IRS990/PYSalariesCompEmpBnftPaidAmt03968423
IRS990/PYTotalExpensesAmt06339651
IRS990/PYTotalRevenueAmt010270140
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt07496367
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02065620
IRS990/SavingsAndTempCashInvstGrp/EOYAmt011311937
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/BookValueAmt03823094
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0236645
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04059739
IRS990ScheduleD/EquipmentGrp/BookValueAmt064386
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0124899
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0189285
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01063714
IRS990ScheduleD/ExpensesSubtotalAmt06109744
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01695301
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01695301
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0419707
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0188875
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0608582
IRS990ScheduleD/OtherExpensesNotIncludedAmt01063714
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt066650
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt038812
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0105462
IRS990ScheduleD/OtherRevenuesNotIncludedAmt01063714
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt01063714
IRS990ScheduleD/RevenueSubtotalAmt013606111
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 1,063,714
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FINANCIAL AID 1,063,714
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/TotalBookValueLandBuildingsAmt06069138
IRS990ScheduleD/TotalExpensesPerForm990Amt07173458
IRS990ScheduleD/TotalRevenuePerForm990Amt014669825
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt013606111
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06109744
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/CharitableContributionsTotAmt0160057
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0160057
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0SCHOLARSHIP DRI
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0160057
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0160057
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt01063714
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0FINANCIAL AID
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0171
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 -1,063,714 FINANCIAL AID 1,063,714
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/TotalAssetsBOYAmt010506539
IRS990/TotalAssetsEOYAmt017915796
IRS990/TotalAssetsGrp/BOYAmt010506539
IRS990/TotalAssetsGrp/EOYAmt017915796

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$17,915,796
Liabilities
$227,211
Net assets
$17,688,585
Revenue
$14,669,825
Expenses
$7,173,458
Net income
$7,496,367
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
2024Detailed filing. Detailed filing data is available for this year.$17.9$0.23$17.7$14.7$7.17$7.50
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