Civic Intelligence

Liberty Prep

990 • Fiscal year 2023 • EIN 46-1734441

Jul 01, 2022 to Jun 30, 2023 • Filed on Aug 07, 2023

Organization Profile
243 N Milton ST PO BOX 374Smithville, OH 44677

(330) 669-0055

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

32nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

76th percentile

23%

Higher net margin than 76% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

92nd percentile

82%

Faster asset growth than 92% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

54th percentile

11%

Faster revenue growth than 54% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets32nd percentile

Assets

Flat

$368,545

Flat from 2023

Net Assets

Flat

$368,545

Flat from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue And Expenses
Liabilities / Revenue32nd percentileNet Margin76th percentile

Revenue

Flat

$728,891

Flat from 2023

Expenses

Flat

$563,184

Flat from 2023

Net Income

Flat

$165,707

Flat from 2023

Historical Trend

Balance Sheet Trend

Asset Growth92nd percentile

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

$800K$600K$400K$200K$0Assets 2014: $77,262Liabilities 2014: $0Net Assets 2014: $77,2622014Assets 2015: $137,953Liabilities 2015: $0Net Assets 2015: $137,9532015Assets 2016: $101,651Liabilities 2016: $0Net Assets 2016: $101,6512016Assets 2017: $133,283Liabilities 2017: $0Net Assets 2017: $133,2832017Assets 2018: $84,377Liabilities 2018: $0Net Assets 2018: $84,3772018Assets 2019: $58,657Liabilities 2019: $0Net Assets 2019: $58,6572019Assets 2020: $50,322Liabilities 2020: $0Net Assets 2020: $50,3222020Assets 2021: $115,664Liabilities 2021: $4,898Net Assets 2021: $115,6642021Assets 2022: $202,838Liabilities 2022: $0Net Assets 2022: $202,8382022Assets 2023: $368,545Liabilities 2023: $0Net Assets 2023: $368,5452023Assets 2023: $368,545Liabilities 2023: $0Net Assets 2023: $368,5452023Assets 2024: $474,165Liabilities 2024: $0Net Assets 2024: $474,1652024Assets 2025: $643,991Liabilities 2025: $0Net Assets 2025: $643,9912025

Highlighted filing

2023

Assets$368,545
Liabilities$0
Net Assets$368,545
Open 2023 Filing

Operations Trend

Revenue Growth54th percentile

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

$1.0M$500K$0-$500KRevenue 2014: $123,765Expenses 2014: $46,503Net Income 2014: $77,2622014Revenue 2015: $334,554Expenses 2015: $273,863Net Income 2015: $60,6912015Revenue 2016: $485,392Expenses 2016: $521,694Net Income 2016: -$36,3022016Revenue 2017: $647,287Expenses 2017: $615,655Net Income 2017: $31,6322017Revenue 2018: $598,180Expenses 2018: $647,086Net Income 2018: -$48,9062018Revenue 2019: $660,913Expenses 2019: $688,433Net Income 2019: -$27,5202019Revenue 2020: $667,173Expenses 2020: $673,708Net Income 2020: -$6,5352020Revenue 2021: $655,489Expenses 2021: $590,147Net Income 2021: $65,3422021Revenue 2022: $658,417Expenses 2022: $571,243Net Income 2022: $87,1742022Revenue 2023: $728,891Expenses 2023: $563,184Net Income 2023: $165,7072023Revenue 2023: $728,891Expenses 2023: $563,184Net Income 2023: $165,7072023Revenue 2024: $852,725Expenses 2024: $747,105Net Income 2024: $105,6202024Revenue 2025: $887,555Expenses 2025: $717,729Net Income 2025: $169,8262025

Highlighted filing

2023

Revenue$728,891
Expenses$563,184
Net Income$165,707
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Aug 7, 2023
Return Version
2022v5.0
Gross Receipts
$728,891
Mission and Program Overview

Mission

Public Community School providing credit recovery for students in grades 9 - 12 from Wayne and surrounding counties.

Public Community School providing a credit recovery program for students in grades 9-12 from Wayne and Surrounding counties.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$138,848$356,830▲ $217,982
Cash and Non-Interest-Bearing Accounts$63,990$11,715▼ $52,275
Accounts Receivable$0--
Other Notes and Loans Receivable, Net$0--
Pledges and Grants Receivable$0--
Receivable From Disqualified Prsn$0--
Receivables From Officers Etc$0--
Investments Other Securities$0--
Investments Program Related$0--
Investments in Publicly Traded Securities$0--
Intangible Assets$0--
Inventories for Sale or Use$0--
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0--
Total Assets$202,838$368,545▲ $165,707
Other Assets Total$0--
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0--
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$202,838$368,545▲ $165,707
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$202,838$368,545▲ $165,707
Total Liabilities and Net Assets / Fund Balance$202,838$368,545▲ $165,707
Compensation and Service Providers
Top Officer Pay54th percentile

Board Members and Trustees

NameTitle
Misty HansonBoard President
Matt BrownBoard Vice President
Cameron ManeeseBoard Member
Helen BartashusBoard Member
Justin CheneveyBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$151,562
Program Service Revenue
$574,347
Investment Income
$2,982
Other Revenue
$0
All Other Contributions
$0
Change in Net Assets
$165,707

Audited Revenue Reconciliation

Revenue per Audited Statements
$728,891
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$728,891
Total Revenue per Form 990
$728,891
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$563,184
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$31,661$0$0$31,661
Total Functional Expenses$563,184$0$0$563,184

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$563,184
Total Expenses per Audited Statements$563,184
Total Expenses per Form 990$563,184
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0--
Receivables from Officers, Directors, Trustees, and Key Employees$0--
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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, Part VI, Section A, Line 8A

“Governing Board Meetings are fully documented by the Treasurer, and approved by the governing Board at the next regular meeting.”

Form 990, Part VI, Section B, Line 11B

“Governing Board Members are given copies of Form 990 to review at a Governing Board Meeting”

Form 990, Part VI, Section B, Line 12B

“Governing Board Members and Administrators are required by the Ohio Department of Education to receive annual Ethics Training and fill out Ethics Reports.”

Form 990, Part VI, Section B, Line 12C

“Governing Board Members and Administrators are required to attend Ethics training and sign compliance forms annually. The Board reviews all check payments monthly to insure compliance.”

Form 990, Part VI, Section B, Line 15

“All administrators are evaluated annually by the Governing Board. Contracted salaries are approved by the Governing Board. All other staff are evaluated annually by the Head Administrator. Salray scales are approved by the Governing Board.”

Form 990, Part VI, Section C, Line 19

“Board Minutes and Policies are displayed on the School Website. Monthly financial reports are displayed on the school website.”

Form 990, Part VII, Section A, Line 1A

“Governing Board Members receive no compensation for being on the Board.”

Filing and Contact Details

Filer

Filer Name
Liberty Prep
EIN
46-1734441
Phone
3306690055
Address
243 N Milton ST PO BOX 374, Smithville, OH 44677
Doing Business As
Liberty Preparatory Academy

Signing Officer

Name
Sandy Hadsell
Title
Treasurer
Phone
3306690055
Signed
2023-08-07

Organization Details

Principal Officer
Sandy L Hadsell
Formed
2013
Legal Domicile
Oh
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5
Supplemental Narrative

Additional Explanations

Form 990, Part IV, Line 12A

“Liberty Prep has GAAP financial reports prepared by independent auditors each year, and is fully audited by the Auditor of State every year.”

Raw XML AppendixShowing 400 of 407 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.

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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
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IRS990/Form990PartVIISectionAGrp/PersonNm2Helen Bartashus
IRS990/Form990PartVIISectionAGrp/PersonNm3Justin Chenevey
IRS990/Form990PartVIISectionAGrp/PersonNm4Matt Brown
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IRS990/Form990PartVIISectionAGrp/TitleTxt4Board Vice President
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IRS990ScheduleD/TotalExpensesPerForm990Amt0563184
IRS990ScheduleD/TotalRevenuePerForm990Amt0728891
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0728891
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0563184
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0Board Policies are displayed on the School Website
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The School receives payments from the Ohio Department of Education and grants from Federal Title Programs, ESSER, and IDEA
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Liberty Prep has GAAP financial reports prepared by independent auditors each year, and is fully audited by the Auditor of State every year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Governing Board Meetings are fully documented by the Treasurer, and approved by the governing Board at the next regular meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Governing Board Members are given copies of Form 990 to review at a Governing Board Meeting
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Governing Board Members and Administrators are required by the Ohio Department of Education to receive annual Ethics Training and fill out Ethics Reports.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Governing Board Members and Administrators are required to attend Ethics training and sign compliance forms annually. The Board reviews all check payments monthly to insure compliance.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5All administrators are evaluated annually by the Governing Board. Contracted salaries are approved by the Governing Board. All other staff are evaluated annually by the Head Administrator. Salray scales are approved by the Governing Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Board Minutes and Policies are displayed on the School Website. Monthly financial reports are displayed on the school website.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Governing Board Members receive no compensation for being on the Board.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part IV, Line 12a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 12b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VII, Section A, Line 1a
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0OH
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0202838
IRS990/TotalAssetsEOYAmt0368545
IRS990/TotalAssetsGrp/BOYAmt0202838
IRS990/TotalAssetsGrp/EOYAmt0368545
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0151562
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0563184
IRS990/TotalFunctionalExpensesGrp/TotalAmt0563184
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0202838
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0368545
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt0563184
IRS990/TotalProgramServiceRevenueAmt0574347
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0577329
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0728891
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0202838
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0368545
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0243 N Milton ST PO Box 374
IRS990/USAddress/CityNm0Smithville
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd044677
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/LastSubmissionRqrOOBCd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd011
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/ProfileEmailAddressChangeInd0X
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/ProfilePasswordChangeInd0X
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd01
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Sandy Hadsell
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum03306690055
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-08-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LIBERTY PREP
ReturnHeader/Filer/BusinessNameControlTxt0LIBE
ReturnHeader/Filer/EIN0461734441
ReturnHeader/Filer/PhoneNum03306690055
ReturnHeader/Filer/USAddress/AddressLine1Txt0243 N Milton ST PO BOX 374
ReturnHeader/Filer/USAddress/CityNm0Smithville
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH

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
$368,545
Liabilities
$0
Net assets
$368,545
Revenue
$728,891
Expenses
$563,184
Net income
$165,707
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.44$0.00$6.44$8.88$7.18$1.70
2024Summary only. Only limited summary data is available for this year.$4.74$0.00$4.74$8.53$7.47$1.06
2023Detailed filing. Detailed filing data is available for this year.$3.69$0.00$3.69$7.29$5.63$1.66
2023Summary only. Only limited summary data is available for this year.$3.69$0.00$3.69$7.29$5.63$1.66
2022Summary only. Only limited summary data is available for this year.$2.03$0.00$2.03$6.58$5.71$0.87
2021Summary only. Only limited summary data is available for this year.$1.16$0.05$1.16$6.55$5.90$0.65
2020Summary only. Only limited summary data is available for this year.$0.50$0.00$0.50$6.67$6.74$0.07
2019Summary only. Only limited summary data is available for this year.$0.59$0.00$0.59$6.61$6.88$0.28
2018Summary only. Only limited summary data is available for this year.$0.84$0.00$0.84$5.98$6.47$0.49
2017Summary only. Only limited summary data is available for this year.$1.33$0.00$1.33$6.47$6.16$0.32
2016Summary only. Only limited summary data is available for this year.$1.02$0.00$1.02$4.85$5.22$0.36
2015Summary only. Only limited summary data is available for this year.$1.38$0.00$1.38$3.35$2.74$0.61
2014Summary only. Only limited summary data is available for this year.$0.77$0.00$0.77$1.24$0.47$0.77