Civic Intelligence

Liberty Classical Academy

990 • Fiscal year 2025 • EIN 41-2000702

Jul 01, 2024 to Jun 30, 2025 • Filed on Feb 11, 2026

Organization ProfileLIBERTYCLASSICALACADEMY.ORG

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

35th percentile

0.07x

Higher debt load relative to assets than 35% of similar nonprofits.

2025 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

41st percentile

0.14x

Higher debt load relative to revenue than 41% of similar nonprofits.

2025 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2025

Net Margin

79th percentile

25%

Higher net margin than 79% of similar nonprofits.

2025 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

32nd percentile

$135,381

Higher top officer pay than 32% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2025 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2025

Asset Growth

85th percentile

20%

Faster asset growth than 85% of similar nonprofits.

2025 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Revenue Growth

6th percentile

-34%

Faster revenue growth than 6% of similar nonprofits.

2025 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets35th percentile

Assets

Up

$21,522,102

Up $11,015,563 (+105%) from 2023

Net Assets

Up

$20,113,059

Up $9,920,841 (+97%) from 2023

Liabilities

Up

$1,409,043

Up $1,094,722 (+348%) from 2023

Revenue And Expenses
Liabilities / Revenue41st percentileNet Margin79th percentile

Revenue

Down

$9,754,165

Down $515,975 (-5.0%) from 2023

Expenses

Up

$7,329,691

Up $990,040 (+16%) from 2023

Net Income

Down

$2,424,474

Down $1,506,015 (-38%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth85th 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

2025

Assets$21,522,102
Liabilities$1,409,043
Net Assets$20,113,059
Open 2025 Filing

Operations Trend

Revenue Growth6th 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

2025

Revenue$9,754,165
Expenses$7,329,691
Net Income$2,424,474
Open 2025 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Feb 11, 2026
Return Version
2024v5.0
Gross Receipts
$9,756,934
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$11,311,937$11,828,968▲ $517,031
Land, Buildings, and Equipment, Net$6,069,138$6,225,860▲ $156,722
Pledges and Grants Receivable$452,117$2,272,567▲ $1,820,450
Prepaid Expenses and Deferred Charges$52,402$27,101▼ $25,301
Cash and Non-Interest-Bearing Accounts$4,986$5,705▲ $719
Total Assets$17,915,796$21,522,102▲ $3,606,306
Other Assets Total$25,216$1,161,901▲ $1,136,685
Liabilities
Other Liabilities-$1,226,861-
Deferred Revenue$130,648$149,929▲ $19,281
Accounts Payable and Accrued Expenses$96,563$32,253▼ $64,310
Total Liabilities$227,211$1,409,043▲ $1,181,832
Net Assets / Fund Balance
Net Assets With Donor Restrictions$10,933,471$12,955,401▲ $2,021,930
Net Assets Without Donor Restrictions$6,755,114$7,157,658▲ $402,544
Total Net Assets Fund Balance$17,688,585$20,113,059▲ $2,424,474
Total Liabilities and Net Assets / Fund Balance$17,915,796$21,522,102▲ $3,606,306

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,819,326$423,322$4,242,648
Land$1,695,301-$1,695,301
Leasehold Improvements$593,826$240,199$834,025
Equipment$70,284$122,645$192,929
Other Land Buildings$47,123$48,957$96,080
Other Assets Org$25,216--
Compensation and Service Providers
Top Officer Pay32nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rebekah HagstromHeadmaster/pFT$109,381$26,000$135,381
Marie WhiteheadFinance Dir/FT$76,000$1,520$77,520

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
$3,475,686
Program Service Revenue
$6,211,120
Investment Income
$62,703
Other Revenue
$4,656
All Other Contributions
$3,341,577
Change in Net Assets
$2,424,474

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,598,209
Revenue Not Reported on Financial Statements
$1,155,956
Other Revenue Adjustments
$1,155,956
Total Revenue per Audited Statements
$8,598,209
Total Revenue per Form 990
$9,754,165
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,377,195
Other Expenses$1,796,540
Grants and Similar Amounts Paid$1,155,956
Total Fundraising Expense$262,975
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,747,674$744,935$182,292$3,674,901
Grants to Domestic Individuals$1,155,956--$1,155,956
Occupancy$294,554$100,688$19,542$414,784
Payroll Taxes$212,694$72,706$14,111$299,511
Depreciation Depletion$197,783$67,608$13,122$278,513
Current Officers, Directors, Trustees, and Key Employees-$203,420-$203,420
Advertising$136,371-$6,743$143,114
All Other Expenses$104,923$31,335$3,183$139,441
Office Expenses$90,218$30,840$5,985$127,043
Pension Plan Contributions$91,444$22,340$6,067$119,851
Fees for Services Other$67,878$21,758-$89,636
Other Expenses$89,429$30,709$5,960$89,429
Other Employee Benefits$56,603$19,154$3,755$79,512
Insurance$22,656$7,745$1,503$31,904
Information Technology$14,406-$712$15,118
Fees for Services Legal$9,475$3,038-$12,513
Fees for Services Accounting$9,333$2,992-$12,325
Conferences and Meetings$7,709--$7,709
Total Functional Expenses$5,707,448$1,359,268$262,975$7,329,691

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$7,329,691
Expenses per Audited Statements$6,173,735
Total Expenses per Audited Statements$6,173,735
Expenses Not Reported on Financial Statements$1,155,956
Other Expense Adjustments$1,155,956
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$134,109---
Total Events$134,109---
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$1,226,861
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
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 12C

“All staff members fill out a conflict of interest form annually and abstain from voting if any conflict may be present.”

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 15B

“Headmaster performs annual reviews for all key employees to determine annual compensation.”

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
2026-02-11

Organization Details

Principal Officer
Rebekah Hagstrom
Formed
2001
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
6
Employees
119
Volunteers
138

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.”

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 1,155,956”

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

“FINANCIAL AID 1,155,956”

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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.
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IRS990/OccupancyGrp/ManagementAndGeneralAmt0100688
IRS990/OccupancyGrp/ProgramServicesAmt0294554
IRS990/OccupancyGrp/TotalAmt0414784
IRS990/OfficeExpensesGrp/FundraisingAmt05985
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt030840
IRS990/OfficeExpensesGrp/ProgramServicesAmt090218
IRS990/OfficeExpensesGrp/TotalAmt0127043
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt019154
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt056603
IRS990/OtherEmployeeBenefitsGrp/TotalAmt079512
IRS990/OtherExpensesGrp/Desc0CURRICULUM AND CLASSROOM
IRS990/OtherExpensesGrp/Desc1SCHOOL ATHLETICS & EVENTS
IRS990/OtherExpensesGrp/Desc2BUILDING MAINTENANCE
IRS990/OtherExpensesGrp/Desc3LUNCH PROGRAM
IRS990/OtherExpensesGrp/FundraisingAmt05960
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt030709
IRS990/OtherExpensesGrp/ProgramServicesAmt0167422
IRS990/OtherExpensesGrp/ProgramServicesAmt1141084
IRS990/OtherExpensesGrp/ProgramServicesAmt289836
IRS990/OtherExpensesGrp/ProgramServicesAmt389429
IRS990/OtherExpensesGrp/TotalAmt0167422
IRS990/OtherExpensesGrp/TotalAmt1141084
IRS990/OtherExpensesGrp/TotalAmt2126505
IRS990/OtherExpensesGrp/TotalAmt389429
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IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
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IRS990/OtherRevenueTotalAmt04656
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0182292
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02747674
IRS990/OtherSalariesAndWagesGrp/TotalAmt03674901
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IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt014111
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt072706
IRS990/PayrollTaxesGrp/ProgramServicesAmt0212694
IRS990/PayrollTaxesGrp/TotalAmt0299511
IRS990/PensionPlanContributionsGrp/FundraisingAmt06067
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt022340
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt091444
IRS990/PensionPlanContributionsGrp/TotalAmt0119851
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0452117
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt02272567
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt052402
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt027101
IRS990/PrincipalOfficerNm0REBEKAH HAGSTROM
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0SCHOOL TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt06211120
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06211120
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt08357518
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt01063714
IRS990/PYInvestmentIncomeAmt061062
IRS990/PYOtherExpensesAmt01565864
IRS990/PYOtherRevenueAmt074213
IRS990/PYProgramServiceRevenueAmt06177032
IRS990/PYRevenuesLessExpensesAmt07496367
IRS990/PYSalariesCompEmpBnftPaidAmt04543880
IRS990/PYTotalExpensesAmt07173458
IRS990/PYTotalRevenueAmt014669825
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt02424474
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt06211120
IRS990/SavingsAndTempCashInvstGrp/BOYAmt011311937
IRS990/SavingsAndTempCashInvstGrp/EOYAmt011828968
IRS990ScheduleA/SchoolInd0X
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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/BookValueAmt03819326
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0423322
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04242648
IRS990ScheduleD/EquipmentGrp/BookValueAmt070284
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0122645
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0192929
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01155956
IRS990ScheduleD/ExpensesSubtotalAmt06173735
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01695301
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01695301
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0593826
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0240199
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0834025
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01136685
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt125216
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OPERATING LEASE ROU ASSETS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1SECURITY DEPOSIT
IRS990ScheduleD/OtherExpensesNotIncludedAmt01155956
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt047123
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt048957
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt096080
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01226861
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OPERATING LEASE LIABILITIES
IRS990ScheduleD/OtherRevenuesNotIncludedAmt01155956
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt01155956
IRS990ScheduleD/RevenueSubtotalAmt08598209
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 1,155,956
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FINANCIAL AID 1,155,956
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/TotalBookValueLandBuildingsAmt06225860
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01161901
IRS990ScheduleD/TotalExpensesPerForm990Amt07329691
IRS990ScheduleD/TotalLiabilityAmt01226861
IRS990ScheduleD/TotalRevenuePerForm990Amt09754165
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt08598209
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06173735
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/CharitableContributionsTotAmt0134109
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0134109
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0SCHOLARSHIP DRI
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0134109
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0134109
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt01155956
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0FINANCIAL AID
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0164
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/ExplanationTxt2ALL STAFF MEMBERS FILL OUT A CONFLICT OF INTEREST FORM ANNUALLY AND ABSTAIN FROM VOTING IF ANY CONFLICT MAY BE PRESENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DIRECTOR'S SALARY IS DETERMINED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4HEADMASTER PERFORMS ANNUAL REVIEWS FOR ALL KEY EMPLOYEES TO DETERMINE ANNUAL COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST
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 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MN

Document Assets

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Filings

Displayed year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$21,522,102
Liabilities
$1,409,043
Net assets
$20,113,059
Revenue
$9,754,165
Expenses
$7,329,691
Net income
$2,424,474
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$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