Civic Intelligence

Liberty Tree Academy

EIN 82-2259254 • 501(c)3 • Falcon, CO

Profile

Liberty Tree Academy trains the minds and improves the hearts of young people through a classical, content-rich education in the liberal arts and sciences, with instruction in the principles of moral character and civic virtue in an orderly, disciplined environment.

8579 Eastonville RoadFalcon, CO 80831

www.ltaeagles.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

94th percentile

1.04x

Higher debt load relative to assets than 94% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

82nd percentile

0.84x

Higher debt load relative to revenue than 82% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

38th percentile

0.3%

Higher net margin than 38% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

57th percentile

7.2%

Faster asset growth than 57% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

66th percentile

16%

Faster revenue growth than 66% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Assets

Up

$6,776,188

Up $1,003,531 (+17%) from 2023

Liabilities

Up

$7,321,913

Up $1,331,082 (+22%) from 2023

Net Assets

Down

-$545,725

Down $327,551 (-150%) from 2023

Revenue

Up

$7,174,195

Up $9,785 (+0.1%) from 2023

Expenses

Up

$7,501,746

Up $358,006 (+5.0%) from 2023

Net Income

Down

-$327,551

Down $348,221 (-1685%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$10M$0-$10MAssets 2018: $47,206Liabilities 2018: $62,247Net Assets 2018: -$15,0412018Assets 2019: $16,738,389Liabilities 2019: $18,300,396Net Assets 2019: -$1,562,0072019Assets 2020: $15,107,272Liabilities 2020: $17,195,406Net Assets 2020: -$2,088,1342020Assets 2021: $6,133,452Liabilities 2021: $6,841,314Net Assets 2021: -$707,8622021Assets 2022: $5,385,621Liabilities 2022: $5,624,465Net Assets 2022: -$238,8442022Assets 2023: $5,772,657Liabilities 2023: $5,990,831Net Assets 2023: -$218,1742023Assets 2024: $6,776,188Liabilities 2024: $7,321,913Net Assets 2024: -$545,7252024

Highlighted filing

2024

Assets$6,776,188
Liabilities$7,321,913
Net Assets-$545,725

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2018: $81,442Expenses 2018: $96,483Net Income 2018: -$15,0412018Revenue 2019: $2,858,202Expenses 2019: $4,405,168Net Income 2019: -$1,546,9662019Revenue 2020: $4,543,391Expenses 2020: $5,069,518Net Income 2020: -$526,1272020Revenue 2021: $5,498,941Expenses 2021: $5,548,760Net Income 2021: -$49,8192021Revenue 2022: $6,163,071Expenses 2022: $5,694,053Net Income 2022: $469,0182022Revenue 2023: $7,164,410Expenses 2023: $7,143,740Net Income 2023: $20,6702023Revenue 2024: $7,174,195Expenses 2024: $7,501,746Net Income 2024: -$327,5512024

Highlighted filing

2024

Revenue$7,174,195
Expenses$7,501,746
Net Income-$327,551

Filings

Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2023 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$7,164,410
Mission and Program Overview

Mission

Liberty Tree Academy trains the minds and improves the hearts of young people through a classical, content-rich education in the liberal arts and sciences, with instruction in the principles of moral character and civic virtue in an orderly, disciplined environment.

Liberty Tree is dedicated to an authentic, Traditional American Education. To be a community that actively cultivates character in a challenging and enganging learning environment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,574,827$2,673,165▲ $98,338
Cash and Non-Interest-Bearing Accounts$531,481$1,207,085▲ $675,604
Land, Buildings, and Equipment, Net$181,008$197,508▲ $16,500
Pledges and Grants Receivable$37,668$25,455▼ $12,213
Prepaid Expenses and Deferred Charges$19,065$14,912▼ $4,153
Total Assets$5,385,621$5,772,657▲ $387,036
Other Assets Total$2,041,572$1,654,532▼ $387,040
Liabilities
Other Liabilities$5,223,777$5,732,242▲ $508,465
Accounts Payable and Accrued Expenses$322,550$223,982▼ $98,568
Deferred Revenue$52,683$0▼ $52,683
Unsecured Notes Loans Payable$19,549$25,135▲ $5,586
Mortgage Notes Payable Secured by Investment Property$5,906$9,472▲ $3,566
Total Liabilities$5,624,465$5,990,831▲ $366,366
Net Assets / Fund Balance
Net Assets With Donor Restrictions$184,500$212,000▲ $27,500
Net Assets Without Donor Restrictions$-423,344$-430,174▼ $6,830
Total Net Assets Fund Balance$-238,844$-218,174▲ $20,670
Total Liabilities and Net Assets / Fund Balance$5,385,621$5,772,657▲ $387,036

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$142,425$100,685$243,110
Other Land Buildings$55,083$9,917$65,000
Other Assets Org$7,290--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Shannon WilsonPrincipalFT$79,518$13,692$93,210
Linda StahnkePrincipalFT$13,715$14,911$28,626

Board Members and Trustees

NameTitle
Tim GeitnerPresident
Jenni HellendVice President
Raylene RevordBoard Member
Michael JohnsonSecretary
Michael PetersonTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Dustin SparksLegal Fees8585 Criterion Dr 62124, Colorado Springs, CO 80920$133,661
Revenue and Support

Revenue Composition

Contributions and Grants
$548,524
Program Service Revenue
$6,489,187
Investment Income
$98,288
Other Revenue
$28,411
All Other Contributions
$33,829
Change in Net Assets
$20,670

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,164,410
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,082,684
Total Revenue per Audited Statements
$8,247,094
Total Revenue per Form 990
$7,164,410
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,257,677
Other Expenses$2,886,063
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,957,947$345,520-$2,303,467
Pension Plan Contributions$1,290,549$239,683-$1,530,232
Occupancy$990,215$174,744-$1,164,959
Other Employee Benefits$170,858$31,732-$202,590
Current Officers, Directors, Trustees, and Key Employees$122,709$40,903-$163,612
Fees for Services Legal-$137,146-$137,146
Other Expenses$95,054$16,774-$111,828
All Other Expenses$91,059$16,068-$107,127
Information Technology$56,054$9,892-$65,946
Payroll Taxes$48,726$9,050-$57,776
Interest$42,551$7,509-$50,060
Office Expenses$40,820$7,204-$48,024
Travel$20,368$3,594-$23,962
Insurance$18,844$3,325-$22,169
Fees for Services Accounting-$9,450-$9,450
Advertising$6,526$1,152-$7,678
Depreciation Depletion$2,371$418-$2,789
Fees for Services Other-$2,120-$2,120
Total Functional Expenses$5,947,373$1,196,367$0$7,143,740

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$8,664,838
Expenses per Audited Statements$7,143,740
Total Expenses per Form 990$7,143,740
Expenses Not Reported on Form 990$1,521,098
Expenses Not Reported on Financial Statements$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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Pension Liabilities$5,255,451
Deferred Inflows of Resources$297,799
Net OPEB Liability$178,992
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

Copies of the Form 990 will be reviewed by the Business Administrator, Principal and each Board Member.

Form 990, Part VI, Section C, line 19

Financial information for the organization can be obtained through the schools website and by contacting the school.

Filing and Contact Details

Filer

Filer Name
Liberty Tree Academy
EIN
82-2259254
Phone
7195598733
Address
8579 Eastonville Road, Falcon, CO 80831

Signing Officer

Name
Tim Geitner
Title
President
Phone
7195598733
Signed
2023-11-15
Discuss with paid preparer
No

Organization Details

Principal Officer
Tim Geitner
Formed
2016
Legal Domicile
Co
Voting Board Members
5
Independent Board Members
5
Employees
102
Volunteers
7

Preparer

Firm
Hoelting & Company Inc
Address
31 East Platte Avenue Suite 300, Colorado Springs, CO 80903
Preparer
Thomas G Sistare
Phone
7196301091
Supplemental Narrative

Additional Explanations

Form 990 Part XII, Line 2C:

The finance comittee oversees audit services and selection of independent auditors.

Financial Statement Notes

Part XI, Line 2D - Other Adjustments:

Building Corporation - Investment Income 19,116. Building Corporation - Rental Income 1,063,568.

Part XII, Line 2D - Other Adjustments:

Building Corporation - Interest 1,119,739. Building Corporation - Depreciation/Amortization 335,952. Building Corporation - Insurance 58,116. Building Corporation - Dues and Fees 7,291.

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IRS990/PayrollTaxesGrp/TotalAmt057776
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0239683
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01290549
IRS990/PensionPlanContributionsGrp/TotalAmt01530232
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt037668
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt025455
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt019065
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt014912
IRS990/PrincipalOfficerNm0Tim Geitner
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/BusinessCd1611110
IRS990/ProgramServiceRevenueGrp/Desc0Per Pupil Revenue
IRS990/ProgramServiceRevenueGrp/Desc1Charges for Services
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt06363156
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1126031
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06363156
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1126031
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0410038
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt04263
IRS990/PYOtherExpensesAmt02500549
IRS990/PYOtherRevenueAmt01339
IRS990/PYProgramServiceRevenueAmt05747431
IRS990/PYRevenuesLessExpensesAmt0469018
IRS990/PYSalariesCompEmpBnftPaidAmt03193504
IRS990/PYTotalExpensesAmt05694053
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06163071
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt020670
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt06517598
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02574827
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02673165
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0142425
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0100685
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0243110
IRS990ScheduleD/ExpensesNotReportedAmt01521098
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt07143740
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01647242
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt17290
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred Outflows of Resources
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Deposits
IRS990ScheduleD/OtherExpensesIncludedAmt01521098
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt055083
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt09917
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt065000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05255451
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1297799
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2178992
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Net Pension Liabilities
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Deferred Inflows of Resources
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Net OPEB Liability
IRS990ScheduleD/OtherRevenueAmt01082684
IRS990ScheduleD/RevenueNotReportedAmt01082684
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt07164410
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Building Corporation - Investment Income 19,116. Building Corporation - Rental Income 1,063,568.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Building Corporation - Interest 1,119,739. Building Corporation - Depreciation/Amortization 335,952. Building Corporation - Insurance 58,116. Building Corporation - Dues and Fees 7,291.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0197508
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01654532
IRS990ScheduleD/TotalExpensesPerForm990Amt07143740
IRS990ScheduleD/TotalLiabilityAmt05732242
IRS990ScheduleD/TotalRevenuePerForm990Amt07164410
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt08247094
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt08664838
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd01
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/ExplanationTxt0The policy is in the Family Handbook on the schools website.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1Per pupil funding and federal grant funding is received through the Colorado 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/ExplanationTxt0Copies of the Form 990 will be reviewed by the Business Administrator, Principal and each Board Member.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Financial information for the organization can be obtained through the schools website and by contacting the school.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The finance comittee oversees audit services and selection of independent auditors.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990 Part XII, Line 2c:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd01
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0Liberty Tree Academy
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0831398964
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0CO
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct01.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0Lease Equipment and property to Liberty Tree Academy
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0Liberty Tree Academy Building Corporation
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfEOYAssetsAmt013694468
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfTotalIncomeAmt01082684
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt08579 Eastonville Road
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0Falcon
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0CO
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd080831
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd01
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt01063568
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Fair Market Value
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0Liberty Tree Academy Building Corporation
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0K
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd01

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