Civic Intelligence

Liberty Tree Academy

990 • Fiscal year 2020 • EIN 82-2259254

Jul 01, 2019 to Jun 30, 2020 • Filed on Oct 08, 2020

Organization Profilewww.ltaeagles.org
8579 Eastonville RoadPeyton, CO 80831

(719) 559-8733

Siviq Scores

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

Liabilities / Assets

95th percentile

1.14x

Higher debt load relative to assets than 95% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

92nd percentile

3.78x

Higher debt load relative to revenue than 92% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

17th percentile

-12%

Higher net margin than 17% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

18th percentile

$74,171

Higher top officer pay than 18% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

6th percentile

-9.7%

Faster asset growth than 6% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

90th percentile

59%

Faster revenue growth than 90% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$15,107,272

Down $1,631,117 (-9.7%) from 2019

Net Assets

Down

-$2,088,134

Down $526,127 (-34%) from 2019

Liabilities

Down

$17,195,406

Down $1,104,990 (-6.0%) from 2019

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin17th percentile

Revenue

Up

$4,543,391

Up $1,685,189 (+59%) from 2019

Expenses

Up

$5,069,518

Up $664,350 (+15%) from 2019

Net Income

Up

-$526,127

Up $1,020,839 (+66%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth6th percentile

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

$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

2020

Assets$15,107,272
Liabilities$17,195,406
Net Assets-$2,088,134
Open 2020 Filing

Operations Trend

Revenue Growth90th percentile

Revenue, expenses, and net income across loaded years, with this 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

2020

Revenue$4,543,391
Expenses$5,069,518
Net Income-$526,127
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Oct 8, 2020
Return Version
2019v5.1
Gross Receipts
$4,543,391
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.

See Schedule O

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$611,478$10,072,518▲ $9,461,040
Cash and Non-Interest-Bearing Accounts$4,421,350$1,524,894▼ $2,896,456
Savings and Temporary Cash Investments$225,138$545,465▲ $320,327
Pledges and Grants Receivable$146,813$76,355▼ $70,458
Prepaid Expenses and Deferred Charges$16,302$13,476▼ $2,826
Total Assets$16,738,389$15,107,272▼ $1,631,117
Other Assets Total$11,317,308$2,874,564▼ $8,442,744
Liabilities
Unsecured Notes Loans Payable$11,714,876$12,040,409▲ $325,533
Other Liabilities$4,772,303$4,804,841▲ $32,538
Accounts Payable and Accrued Expenses$1,572,262$256,085▼ $1,316,177
Deferred Revenue$240,955$94,071▼ $146,884
Total Liabilities$18,300,396$17,195,406▼ $1,104,990
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-666,698$-930,256▼ $263,558
Net Assets With Donor Restrictions$-895,309$-1,157,878▼ $262,569
Total Net Assets Fund Balance$-1,562,007$-2,088,134▼ $526,127
Total Liabilities and Net Assets / Fund Balance$16,738,389$15,107,272▼ $1,631,117

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,298,827-$9,298,827
Land$611,478-$611,478
Other Land Buildings$162,213-$162,213
Other Assets Org$11,290--
Compensation and Service Providers
Top Officer Pay18th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jeanette HandsBusiness AdminFT$61,022$13,149$74,171
Shannon WilsonPrincipalFT$52,830$11,343$64,173

Board Members and Trustees

NameTitle
Michelle MorinPresident
Don RodgersVice President
Michael JohnsonSecretary
Michael PetersonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$519,327
Program Service Revenue
$3,992,806
Investment Income
$31,258
Other Revenue
$0
Change in Net Assets
$-526,127

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,543,391
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$4,543,391
Total Revenue per Form 990
$4,543,391
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,879,821
Other Expenses$2,189,697
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Pension Plan Contributions$1,064,283$203,391-$1,267,674
Other Salaries and Wages$1,057,670$186,648-$1,244,318
Interest$731,797$129,141-$860,938
Other Employee Benefits$186,977$35,732-$222,709
All Other Expenses$153,895$27,158-$181,053
Current Officers, Directors, Trustees, and Key Employees$108,840$36,280-$145,120
Information Technology$106,973$18,878-$125,851
Office Expenses$90,086$15,897-$105,983
Other Expenses$79,015$13,944-$92,959
Fees for Services Legal-$51,932-$51,932
Insurance$30,371$5,360-$35,731
Occupancy$11,739$2,072-$13,811
Fees for Services Other-$9,760-$9,760
Fees for Services Accounting-$9,371-$9,371
Travel$1,371$242-$1,613
Advertising$522$92-$614
Total Functional Expenses$4,238,194$831,324$0$5,069,518

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,069,518
Total Expenses per Audited Statements$5,069,518
Total Expenses per Form 990$5,069,518
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Pension Liabilities$2,947,293
Deferred Inflows of Resources$1,712,749
Net OPEB Liability$144,799
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
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, Peyton, CO 80831

Signing Officer

Name
Michelle Morin
Title
President
Phone
7195598733
Signed
2020-10-08
Discuss with paid preparer
No

Organization Details

Formed
2016
Legal Domicile
Co
Voting Board Members
4
Independent Board Members
4
Employees
71
Volunteers
8

Preparer

Firm
Hoelting & Company Inc
Address
31 E Platte Ave Ste 300, Colorado Springs, CO 80903
Preparer
Tom Sistare
Phone
7196301091
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1, Description of Organization Misssion:

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

Form 990, Part XII, Line 2C:

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

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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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IRS990ScheduleD/BuildingsGrp/BookValueAmt09298827
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt09298827
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt05069518
IRS990ScheduleD/LandGrp/BookValueAmt0611478
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0611478
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02863274
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt111290
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred Outflows of Resources
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Deposits
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0162213
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0162213
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02947293
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11712749
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2144799
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Net Pension Liabilities
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Deferred Inflows of Resources
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Net OPEB Liability
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04543391
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010072518
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02874564
IRS990ScheduleD/TotalExpensesPerForm990Amt05069518
IRS990ScheduleD/TotalLiabilityAmt04804841
IRS990ScheduleD/TotalRevenuePerForm990Amt04543391
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04543391
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05069518
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
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/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Liberty Tree Academy is dedicated to an authentic, Traditional American Education. To be a community that actively cultivates character in a challenging and enganging learning environment.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Copies of the Form 990 will be reviewed by the Business Administrator, Principal and each Board Member.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Financial information for the organization can be obtained through the schools website and by contacting the school.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The finance comittee oversees audit services and selection of independent auditors.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part I, Line 1, Description of Organization Misssion:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part XII, Line 2c:
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0Liberty Tree Academy
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0Liberty Tree Academy Building Corporation
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0831398964
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt010325546
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0CO
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0Lease equipment and property to Liberty Tree Academy
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt0492553
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt08579 Eastonville Road
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0Falcon
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0CO
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd080831
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt016738389
IRS990/TotalAssetsEOYAmt015107272
IRS990/TotalAssetsGrp/BOYAmt016738389
IRS990/TotalAssetsGrp/EOYAmt015107272
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0519327
IRS990/TotalEmployeeCnt071
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0831324
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04238194
IRS990/TotalFunctionalExpensesGrp/TotalAmt05069518
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt018300396
IRS990/TotalLiabilitiesEOYAmt017195406
IRS990/TotalLiabilitiesGrp/BOYAmt018300396
IRS990/TotalLiabilitiesGrp/EOYAmt017195406
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1562007
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-2088134
IRS990/TotalOtherCompensationAmt024492
IRS990/TotalProgramServiceExpensesAmt04238194
IRS990/TotalProgramServiceRevenueAmt03992806
IRS990/TotalReportableCompFromOrgAmt0113852
IRS990/TotalRevenueGrp/ExclusionAmt031258
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03992806
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04543391
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt016738389
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt015107272
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0242
IRS990/TravelGrp/ProgramServicesAmt01371
IRS990/TravelGrp/TotalAmt01613
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt011714876
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt012040409
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt08579 Eastonville Road
IRS990/USAddress/CityNm0Peyton
IRS990/USAddress/StateAbbreviationCd0CO
IRS990/USAddress/ZIPCd080831
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0www.ltaeagles.org
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd00
ReturnHeader/BusinessOfficerGrp/PersonNm0Michelle Morin
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$15,107,272
Liabilities
$17,195,406
Net assets
-$2,088,134
Revenue
$4,543,391
Expenses
$5,069,518
Net income
-$526,127
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.78$7.32$0.55$7.17$7.50$0.33
2023Detailed filing. Detailed filing data is available for this year.$5.77$5.99$0.22$7.16$7.14$0.02
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.39$5.62$0.24$6.16$5.69$0.47
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.13$6.84$0.71$5.50$5.55$0.05
2020Detailed filing. Detailed filing data is available for this year.$15.1$17.2$2.09$4.54$5.07$0.53
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.7$18.3$1.56$2.86$4.41$1.55
2018Detailed filing. Detailed filing data is available for this year.$0.05$0.06$0.02$0.08$0.10$0.02