Civic Intelligence

Liberty Prep

990 • Fiscal year 2024 • EIN 46-1734441

Jul 01, 2023 to Jun 30, 2024 • Filed on Jul 16, 2024

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

33rd percentile

0.00x

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

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

33rd percentile

0.00x

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

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

64th percentile

12%

Higher net margin than 64% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

81st percentile

29%

Faster asset growth than 81% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

62nd percentile

17%

Faster revenue growth than 62% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Flat

$474,165

Flat from 2024

Net Assets

Flat

$474,165

Flat from 2024

Liabilities

Flat

$0

Flat from 2024

Revenue And Expenses
Liabilities / Revenue33rd percentileNet Margin64th percentile

Revenue

Flat

$852,725

Flat from 2024

Expenses

Flat

$747,105

Flat from 2024

Net Income

Flat

$105,620

Flat from 2024

Historical Trend

Balance Sheet Trend

Asset Growth81st 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 2024: $474,165Liabilities 2024: $0Net Assets 2024: $474,1652024Assets 2024: $474,165Liabilities 2024: $0Net Assets 2024: $474,1652024Assets 2025: $643,991Liabilities 2025: $0Net Assets 2025: $643,9912025

Highlighted filing

2024

Assets$474,165
Liabilities$0
Net Assets$474,165
Open 2024 Filing

Operations Trend

Revenue Growth62nd 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 2024: $852,725Expenses 2024: $747,105Net Income 2024: $105,6202024Revenue 2024: $852,725Expenses 2024: $747,105Net Income 2024: $105,6202024Revenue 2025: $887,555Expenses 2025: $717,729Net Income 2025: $169,8262025

Highlighted filing

2024

Revenue$852,725
Expenses$747,105
Net Income$105,620
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Jul 16, 2024
Return Version
2023v5.0
Gross Receipts
$852,725
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$356,830$405,120▲ $48,290
Cash and Non-Interest-Bearing Accounts$11,715$69,045▲ $57,330
Loans From Officers Directors$0$0→ $0
Total Assets$368,545$474,165▲ $105,620
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$368,545$474,165▲ $105,620
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$368,545$474,165▲ $105,620
Total Liabilities and Net Assets / Fund Balance$368,545$474,165▲ $105,620
Compensation and Service Providers
Top Officer Pay55th 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
$228,398
Program Service Revenue
$616,037
Investment Income
$8,290
Other Revenue
$0
All Other Contributions
$0
Change in Net Assets
$105,620

Audited Revenue Reconciliation

Revenue per Audited Statements
$852,725
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$852,725
Total Revenue per Form 990
$852,725
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$747,105
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
All Other Expenses$747,105$0$0$747,105
Total Functional Expenses$747,105$0$0$747,105

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$747,105
Total Expenses per Audited Statements$747,105
Total Expenses per Form 990$747,105
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
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
Yes
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Educational Empowerment Group was hired to manage the school and provide staffing.”

Form 990, Part VI, Section A, Line 7B

“The School Director and Treasurer make daily decisions subject to approval by the Governing Board.”

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

“Policies and Procedures are reviewed and monitored by the Governing Board. Form 990 Filing is reviewed at a Board Meeting”

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

“Governing Board Members and Administrators are required to fill out and sign ethics and disclosure forms annually.”

Form 990, Part VI, Section B, Line 15

“All employees are hired and approved by the governing board and contracted through Tri-County ESC.”

Form 990, Part VI, Section C, Line 19

“Board Policies and Minutes of Meetings are available on the school website, or by request.”

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
2024-07-16

Organization Details

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

Additional Explanations

Form 990, Part IX, Line 24E

“Purchased Services $629,023 Supplies & Equipment $83,361 Insurance, Auditing Fees & Other $34,721”

Raw XML Appendix384 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/TitleTxt1Board Member
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IRS990/Form990PartVIISectionAGrp/TitleTxt4Board Vice President
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0Liberty Prep has not advertised through newspaper, radio, or television.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1Liberty Prep receives funding from the Ohio Department of Education and Workforce, and the U.S. Department of Education.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Educational Empowerment Group was hired to manage the school and provide staffing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The School Director and Treasurer make daily decisions subject to approval by the Governing Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Policies and Procedures are reviewed and monitored by the Governing Board. Form 990 Filing is reviewed at a Board Meeting
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Governing Board Members and Administrators are required to fill out and sign ethics and disclosure forms annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4All employees are hired and approved by the governing board and contracted through Tri-County ESC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Board Policies and Minutes of Meetings are available on the school website, or by request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Purchased Services $629,023 Supplies & Equipment $83,361 Insurance, Auditing Fees & Other $34,721
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
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/TotalAssetsBOYAmt0368545
IRS990/TotalAssetsEOYAmt0474165
IRS990/TotalAssetsGrp/BOYAmt0368545
IRS990/TotalAssetsGrp/EOYAmt0474165
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0228398
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0747105
IRS990/TotalFunctionalExpensesGrp/TotalAmt0747105
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0368545
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0474165
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt0616037
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0616037
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt0747105
IRS990/TotalProgramServiceRevenueAmt0616037
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0624327
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0852725
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0368545
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0474165
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02122 Leatherman Blvd
IRS990/USAddress/CityNm0Wooster
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd044691
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/LastSubmissionRqrOOBCd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd011
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd01
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Sandy Hadsell
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum03306690055
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-07-16
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
ReturnHeader/Filer/USAddress/ZIPCd044677
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/ReturnTs02024-07-16T08:25:17-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Sandy
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Hadsell
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$474,165
Liabilities
$0
Net assets
$474,165
Revenue
$852,725
Expenses
$747,105
Net income
$105,620
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
2024Detailed filing. Detailed filing data is available for this year.$4.74$0.00$4.74$8.53$7.47$1.06
2024Summary only. Only limited summary data is available for this year.$4.74$0.00$4.74$8.53$7.47$1.06
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