Civic Intelligence

Libertas College Preparatory

990 • Fiscal year 2016 • EIN 46-4828289

Jul 01, 2015 to Jun 30, 2016 • Filed on Jan 15, 2017

Organization ProfileWWW.LIBERTASCOLLEGEPREP.ORG
3875 Dublin AveLos Angeles, CA 90008

(310) 902-6808

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.61x

Higher debt load relative to assets than 83% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

59th percentile

0.17x

Higher debt load relative to revenue than 59% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

62nd percentile

6.3%

Higher net margin than 62% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

63rd percentile

$87,271

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 5.8% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

17th percentile

-6.8%

Faster asset growth than 17% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

98th percentile

291%

Faster revenue growth than 98% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Down

$418,208

Down $30,420 (-6.8%) from 2015

Net Assets

Down

$164,434

Down $159,194 (-49%) from 2015

Liabilities

Up

$253,774

Up $128,774 (+103%) from 2015

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin62nd percentile

Revenue

Up

$1,498,792

Up $1,115,650 (+291%) from 2015

Expenses

Up

$1,403,865

Up $1,344,351 (+2259%) from 2015

Net Income

Down

$94,927

Down $228,701 (-71%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth17th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2015: $448,628Liabilities 2015: $125,000Net Assets 2015: $323,6282015Assets 2016: $418,208Liabilities 2016: $253,774Net Assets 2016: $164,4342016Assets 2017: $496,185Liabilities 2017: $390,873Net Assets 2017: $105,3122017Assets 2018: $396,434Liabilities 2018: $135,672Net Assets 2018: $260,7622018Assets 2019: $1,342,041Liabilities 2019: $862,835Net Assets 2019: $479,2062019Assets 2020: $1,858,431Liabilities 2020: $1,082,144Net Assets 2020: $776,2872020Assets 2021: $2,601,479Liabilities 2021: $1,276,434Net Assets 2021: $1,325,0452021Assets 2022: $3,018,364Liabilities 2022: $1,454,132Net Assets 2022: $1,564,2322022Assets 2023: $7,076,506Liabilities 2023: $5,504,120Net Assets 2023: $1,572,3862023

Highlighted filing

2016

Assets$418,208
Liabilities$253,774
Net Assets$164,434
Open 2016 Filing

Operations Trend

Revenue Growth98th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2015: $383,142Expenses 2015: $59,514Net Income 2015: $323,6282015Revenue 2016: $1,498,792Expenses 2016: $1,403,865Net Income 2016: $94,9272016Revenue 2017: $1,989,848Expenses 2017: $2,048,970Net Income 2017: -$59,1222017Revenue 2018: $2,703,294Expenses 2018: $2,547,844Net Income 2018: $155,4502018Revenue 2019: $3,721,680Expenses 2019: $3,503,236Net Income 2019: $218,4442019Revenue 2020: $3,829,753Expenses 2020: $3,532,672Net Income 2020: $297,0812020Revenue 2021: $3,809,217Expenses 2021: $3,260,459Net Income 2021: $548,7582021Revenue 2022: $5,096,114Expenses 2022: $4,791,165Net Income 2022: $304,9492022Revenue 2023: $5,868,940Expenses 2023: $5,860,786Net Income 2023: $8,1542023

Highlighted filing

2016

Revenue$1,498,792
Expenses$1,403,865
Net Income$94,927
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Jan 15, 2017
Return Version
2015v3.0
Gross Receipts
$1,498,792
Mission and Program Overview

Mission

The mission of libertas college preparatory charter school is to equip middle school students in grades 4-8 with the academic skills and the strength of character needed to thrive in and graduate from high-performing high schools and competitive colleges.

California public charter middle school with grades 4-8.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable-$342,616-
Savings and Temporary Cash Investments$448,628$61,248▼ $387,380
Prepaid Expenses and Deferred Charges-$9,063-
Land, Buildings, and Equipment, Net$0$5,281▲ $5,281
Total Assets$448,628$418,208▼ $30,420
Liabilities
Unsecured Notes Loans Payable$125,000$200,000▲ $75,000
Accounts Payable and Accrued Expenses-$53,774-
Total Liabilities$125,000$253,774▲ $128,774
Net Assets / Fund Balance
Unrestricted Net Assets$323,628$164,434▼ $159,194
Total Net Assets Fund Balance$323,628$164,434▼ $159,194
Total Liabilities and Net Assets / Fund Balance$448,628$418,208▼ $30,420

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,281$932$6,213
Compensation and Service Providers
Top Officer Pay63rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Anna Carlstone-hurstHead of SchoolFT$79,894$7,377$87,271

Board Members and Trustees

NameTitle
Pedro NoyolaChair
Courtney DanclarVice Chair
Baskaran AmbalavanMember
Eleisha NelsonMember
Mindy LaurianoMember
Miriam ShapiraMember
Tom MusgraveMember
Tyler CesarMember
Sharlene BrownSecretary
Stephanie HurderTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,498,792
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$149,547
Change in Net Assets
$94,927

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,498,792
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,498,792
Total Revenue per Form 990
$1,498,792
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$792,040
Other Expenses$611,825
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$536,280$58,500-$594,780
All Other Expenses$4,265$91,637-$95,902
Current Officers, Directors, Trustees, and Key Employees-$92,500-$92,500
Fees for Services Accounting-$62,475-$62,475
Payroll Taxes$54,849--$54,849
Fees for Services Other$42,484$10,878-$53,362
Advertising-$43,779-$43,779
Occupancy-$42,615-$42,615
Other Employee Benefits$34,255--$34,255
Other Expenses$29,817--$29,817
Pension Plan Contributions$15,656--$15,656
Office Expenses-$15,340-$15,340
Insurance-$12,499-$12,499
Conferences and Meetings-$5,697-$5,697
Interest-$1,656-$1,656
Depreciation Depletion$932--$932
Total Functional Expenses$966,289$437,576$0$1,403,865

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,403,865
Total Expenses per Audited Statements$1,403,865
Total Expenses per Form 990$1,403,865
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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, Part VI, Section B, Line 11

“Return will be made available to the board members prior to filing.”

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

“Board members are required to annually disclose any conflicts of interest. If a conflict arisies the board member is asked to excuse himself/herself from all discussion and voting on the issue.”

Form 990, Part VI, Section B, Line 15A

“The salary for the executive director was determined through an analysis of educational salaries in leading private and charter schools in los angeles and the pro-rating the salary for the first three years of the school.”

Form 990, Part VI, Section C, Line 19

“Required documents are available at the business address during normal business hours.”

Filing and Contact Details

Filer

Filer Name
Libertas College Preparatory
EIN
46-4828289
Phone
3109026808
Address
3875 DUBLIN AVE, LOS ANGELES, CA 90008

Signing Officer

Name
Anna Carlstone-hurst
Title
Head of School
Phone
3109026808
Signed
2017-01-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Anna Carlstone-hurst
Formed
2014
Legal Domicile
CA
Voting Board Members
10
Independent Board Members
10
Employees
13
Volunteers
5

Preparer

Firm
Vavrinektrineday & Co Llp
Address
10681 FOOTHILL BLVD SUITE 300, RANCHO CUCAMONGA, CA 91730
Preparer
Matthew S Miller
Phone
9094664410
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The charter school has adopted financial accounting standards board (fasb) accounting standards codification (asc) topic 740 that clarifies the accounting for uncertainty in tax positions taken or expected to be taken on a tax return and provides that the tax effects from an uncertain tax position can be recognized in the financial statements only if, based on its merits, the position is more likely than not to be sustained on audit by the taxing authorities. Management believes that all tax positions taken to date are highly certain, and, accordingly, no accounting adjustment has been made to the financial statements.”

Raw XML AppendixShowing 400 of 408 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/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt053774
IRS990/AccountsReceivableGrp/EOYAmt0342616
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0CALIFORNIA PUBLIC CHARTER MIDDLE SCHOOL WITH GRADES 4-8.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt043779
IRS990/AdvertisingGrp/TotalAmt043779
IRS990/AllOtherContributionsAmt0149547
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt091637
IRS990/AllOtherExpensesGrp/ProgramServicesAmt04265
IRS990/AllOtherExpensesGrp/TotalAmt095902
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0EXCELLENT ED DEVELOPMENT
IRS990/BooksInCareOfDetail/PhoneNum03103941152
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt011858 LA GRANGE AVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0LOS ANGELES
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd090025
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt092500
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt092500
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt05697
IRS990/ConferencesMeetingsGrp/TotalAmt05697
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01498792
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0611825
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt094927
IRS990/CYSalariesCompEmpBnftPaidAmt0792040
IRS990/CYTotalExpensesAmt01403865
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01498792
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0932
IRS990/DepreciationDepletionGrp/TotalAmt0932
IRS990/Desc0CALIFORNIA PUBLIC CHARTER SCHOOL
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt013
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0966289
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt062475
IRS990/FeesForServicesAccountingGrp/TotalAmt062475
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt010878
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt042484
IRS990/FeesForServicesOtherGrp/TotalAmt053362
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt82.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt92.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1040.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt107377
IRS990/Form990PartVIISectionAGrp/PersonNm0ELEISHA NELSON
IRS990/Form990PartVIISectionAGrp/PersonNm1PEDRO NOYOLA
IRS990/Form990PartVIISectionAGrp/PersonNm2STEPHANIE HURDER
IRS990/Form990PartVIISectionAGrp/PersonNm3TOM MUSGRAVE
IRS990/Form990PartVIISectionAGrp/PersonNm4COURTNEY DANCLAR
IRS990/Form990PartVIISectionAGrp/PersonNm5SHARLENE BROWN
IRS990/Form990PartVIISectionAGrp/PersonNm6MIRIAM SHAPIRA
IRS990/Form990PartVIISectionAGrp/PersonNm7BASKARAN AMBALAVAN
IRS990/Form990PartVIISectionAGrp/PersonNm8TYLER CESAR
IRS990/Form990PartVIISectionAGrp/PersonNm9MINDY LAURIANO
IRS990/Form990PartVIISectionAGrp/PersonNm10ANNA CARLSTONE-HURST
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1079894
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/TitleTxt0MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10HEAD OF SCHOOL
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02014
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GovernmentGrantsAmt01349245
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01498792
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt012499
IRS990/InsuranceGrp/TotalAmt012499
IRS990/InterestGrp/ManagementAndGeneralAmt01656
IRS990/InterestGrp/TotalAmt01656
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt011
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0932
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05281
IRS990/LandBldgEquipCostOrOtherBssAmt06213
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE MISSION OF LIBERTAS COLLEGE PREPARATORY CHARTER SCHOOL IS TO EQUIP MIDDLE SCHOOL STUDENTS IN GRADES 4-8 WITH THE ACADEMIC SKILLS AND THE STRENGTH OF CHARACTER NEEDED TO THRIVE IN AND GRADUATE FROM HIGH-PERFORMING HIGH SCHOOLS AND COMPETITIVE COLLEGES.LIBERTAS COLLEGE PREP IS DESIGNED TO SUPPORT MIDDLE SCHOOL STUDENTS THROUGH THE TRANSITION FROM ELEMENTARY SCHOOL TO A HIGH-PERFORMING HIGH SCHOOL, ALLOWING THEM TO EVENTUALLY ENTER THE COLLEGE OF THEIR CHOICE.WE ARE FOUNDED ON THE BELIEF THAT ALL STUDENTS, REGARDLESS OF BACKGROUND OR PREVIOUS ACADEMIC PERFORMANCE, CAN DEVELOP THE FOUNDATIONAL SKILLS, CONTENT KNOWLEDGE, AND STRENGTH OF CHARACTER TO BUILD SCHOOL SUCCESS AND GRADUATE FROM COLLEGE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0323628
IRS990/NetAssetsOrFundBalancesEOYAmt0164434
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt042615
IRS990/OccupancyGrp/TotalAmt042615
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt015340
IRS990/OfficeExpensesGrp/TotalAmt015340
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt034255
IRS990/OtherEmployeeBenefitsGrp/TotalAmt034255
IRS990/OtherExpensesGrp/Desc0STUDENT NUTRITION
IRS990/OtherExpensesGrp/Desc1INSTRUCTIONAL MATERIALS
IRS990/OtherExpensesGrp/Desc2EQUIPMENT AND EQUIPMENT
IRS990/OtherExpensesGrp/Desc3SPECIAL EDUCATION FEES
IRS990/OtherExpensesGrp/ProgramServicesAmt087725
IRS990/OtherExpensesGrp/ProgramServicesAmt182740
IRS990/OtherExpensesGrp/ProgramServicesAmt277286
IRS990/OtherExpensesGrp/ProgramServicesAmt329817
IRS990/OtherExpensesGrp/TotalAmt087725
IRS990/OtherExpensesGrp/TotalAmt182740
IRS990/OtherExpensesGrp/TotalAmt277286
IRS990/OtherExpensesGrp/TotalAmt329817
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt058500
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0536280
IRS990/OtherSalariesAndWagesGrp/TotalAmt0594780
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt054849
IRS990/PayrollTaxesGrp/TotalAmt054849
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt015656
IRS990/PensionPlanContributionsGrp/TotalAmt015656
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt09063
IRS990/PrincipalOfficerNm0ANNA CARLSTONE-HURST
IRS990/PriorPeriodAdjustmentsAmt0-254121
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0383092
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt050
IRS990/PYOtherExpensesAmt017532
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0323628
IRS990/PYSalariesCompEmpBnftPaidAmt041982
IRS990/PYTotalExpensesAmt059514
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0383142
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt094927
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0448628
IRS990/SavingsAndTempCashInvstGrp/EOYAmt061248
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/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt05281
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0932
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06213
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01403865
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01498792
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CHARTER SCHOOL HAS ADOPTED FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC 740 THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN AND PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN BE RECOGNIZED IN THE FINANCIAL STATEMENTS ONLY IF, BASED ON ITS MERITS, THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON AUDIT BY THE TAXING AUTHORITIES. MANAGEMENT BELIEVES THAT ALL TAX POSITIONS TAKEN TO DATE ARE HIGHLY CERTAIN, AND, ACCORDINGLY, NO ACCOUNTING ADJUSTMENT HAS BEEN MADE TO THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05281
IRS990ScheduleD/TotalExpensesPerForm990Amt01403865
IRS990ScheduleD/TotalRevenuePerForm990Amt01498792
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01498792
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01403865
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/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0ENROLLMENT PACKETS
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1NO FINANCIAL ASSISTANCE AWARDED CALIFORNIA PUBLIC CHARTER SCHOOL
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2CALIFORNIA STATE APPORTIONMENT REVENUE BASED ON STUDENT ATTENDANCE
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RETURN WILL BE MADE AVAILABLE TO THE BOARD MEMBERS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS ARE REQUIRED TO ANNUALLY DISCLOSE ANY CONFLICTS OF INTEREST. IF A CONFLICT ARISIES THE BOARD MEMBER IS ASKED TO EXCUSE HIMSELF/HERSELF FROM ALL DISCUSSION AND VOTING ON THE ISSUE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE SALARY FOR THE EXECUTIVE DIRECTOR WAS DETERMINED THROUGH AN ANALYSIS OF EDUCATIONAL SALARIES IN LEADING PRIVATE AND CHARTER SCHOOLS IN LOS ANGELES AND THE PRO-RATING THE SALARY FOR THE FIRST THREE YEARS OF THE SCHOOL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3REQUIRED DOCUMENTS ARE AVAILABLE AT THE BUSINESS ADDRESS DURING NORMAL BUSINESS HOURS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0448628
IRS990/TotalAssetsEOYAmt0418208
IRS990/TotalAssetsGrp/BOYAmt0448628
IRS990/TotalAssetsGrp/EOYAmt0418208
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01498792
IRS990/TotalEmployeeCnt013
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0437576
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0966289
IRS990/TotalFunctionalExpensesGrp/TotalAmt01403865
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0125000
IRS990/TotalLiabilitiesEOYAmt0253774
IRS990/TotalLiabilitiesGrp/BOYAmt0125000
IRS990/TotalLiabilitiesGrp/EOYAmt0253774
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0323628
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0164434
IRS990/TotalOtherCompensationAmt07377
IRS990/TotalProgramServiceExpensesAmt0966289
IRS990/TotalReportableCompFromOrgAmt079894
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01498792
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0448628
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0418208
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0323628
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0164434
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0125000
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0200000
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03875 DUBLIN AVE
IRS990/USAddress/CityNm0LOS ANGELES
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd090008
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0WWW.LIBERTASCOLLEGEPREP.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ANNA CARLSTONE-HURST
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0HEAD OF SCHOOL
ReturnHeader/BusinessOfficerGrp/PhoneNum03109026808
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-01-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LIBERTAS COLLEGE PREPARATORY
ReturnHeader/Filer/BusinessNameControlTxt0LIBE
ReturnHeader/Filer/EIN0464828289
ReturnHeader/Filer/PhoneNum03109026808
ReturnHeader/Filer/USAddress/AddressLine1Txt03875 DUBLIN AVE
ReturnHeader/Filer/USAddress/CityNm0LOS ANGELES
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090008
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0952648289
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0VAVRINEKTRINEDAY & CO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010681 FOOTHILL BLVD SUITE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RANCHO CUCAMONGA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$418,208
Liabilities
$253,774
Net assets
$164,434
Revenue
$1,498,792
Expenses
$1,403,865
Net income
$94,927
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$7.08$5.50$1.57$5.87$5.86$0.01
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.02$1.45$1.56$5.10$4.79$0.30
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.60$1.28$1.33$3.81$3.26$0.55
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.86$1.08$0.78$3.83$3.53$0.30
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.34$0.86$0.48$3.72$3.50$0.22
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.40$0.14$0.26$2.70$2.55$0.16
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.50$0.39$0.11$1.99$2.05$0.06
2016Detailed filing. Detailed filing data is available for this year.$0.42$0.25$0.16$1.50$1.40$0.09
2015Detailed filing. Detailed filing data is available for this year.$0.45$0.13$0.32$0.38$0.06$0.32