Civic Intelligence

Liberty Tree Academy

990 • Fiscal year 2019 • EIN 82-2259254

Jul 01, 2018 to Jun 30, 2019 • Filed on Jan 21, 2020

Organization Profilewww.ltaeagles.org
8579 Eastonville RoadFalcon, 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

1.09x

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

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

95th percentile

6.40x

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

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

5th percentile

-54%

Higher net margin than 5% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

15th percentile

$59,767

Higher top officer pay than 15% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

100th percentile

35358%

Faster asset growth than 100% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

100th percentile

3409%

Faster revenue growth than 100% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$16,738,389

Up $16,691,183 (+35358%) from 2018

Net Assets

Down

-$1,562,007

Down $1,546,966 (-10285%) from 2018

Liabilities

Up

$18,300,396

Up $18,238,149 (+29300%) from 2018

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin5th percentile

Revenue

Up

$2,858,202

Up $2,776,760 (+3409%) from 2018

Expenses

Up

$4,405,168

Up $4,308,685 (+4466%) from 2018

Net Income

Down

-$1,546,966

Down $1,531,925 (-10185%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth100th 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

2019

Assets$16,738,389
Liabilities$18,300,396
Net Assets-$1,562,007
Open 2019 Filing

Operations Trend

Revenue Growth100th 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

2019

Revenue$2,858,202
Expenses$4,405,168
Net Income-$1,546,966
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jan 21, 2020
Return Version
2018v3.1
Gross Receipts
$2,858,202
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 Academy 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
Cash and Non-Interest-Bearing Accounts$7,509$4,421,350▲ $4,413,841
Land, Buildings, and Equipment, Net$0$611,478▲ $611,478
Savings and Temporary Cash Investments-$225,138-
Pledges and Grants Receivable$39,697$146,813▲ $107,116
Prepaid Expenses and Deferred Charges-$16,302-
Loans From Officers Directors$15,918--
Total Assets$47,206$16,738,389▲ $16,691,183
Other Assets Total$0$11,317,308▲ $11,317,308
Liabilities
Unsecured Notes Loans Payable$31,311$11,714,876▲ $11,683,565
Other Liabilities$6,884$4,772,303▲ $4,765,419
Accounts Payable and Accrued Expenses$1,750$1,572,262▲ $1,570,512
Deferred Revenue$6,384$240,955▲ $234,571
Total Liabilities$62,247$18,300,396▲ $18,238,149
Net Assets / Fund Balance
Unrestricted Net Assets$-15,041$-666,698▼ $651,657
Temporarily Rstr Net Assets-$-895,309-
Total Net Assets Fund Balance$-15,041$-1,562,007▼ $1,546,966
Total Liabilities and Net Assets / Fund Balance$47,206$16,738,389▲ $16,691,183

Asset Categories

AssetBook ValueDepreciationBasis
Land$611,478-$611,478
Other Assets Org$4,000--
Compensation and Service Providers
Top Officer Pay15th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark BraunlichPrincipalFT$52,750$7,017$59,767
Jeanette HandsBusiness AdminFT$47,750$6,549$54,299
Burt HandsDirectorFT$1,400$282$1,682

Board Members and Trustees

NameTitle
Michelle MorinPresident
Don RodgersDirector
Jenni HellandDirector
Ronnie WilsonDirector
Michael JohnsonSecretary
Michael PetersonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$323,020
Program Service Revenue
$2,414,797
Investment Income
$120,385
Other Revenue
$0
All Other Contributions
$7,977
Change in Net Assets
$-1,546,966

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,858,202
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,858,202
Total Revenue per Form 990
$2,858,202
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,338,925
Other Expenses$2,066,243
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Pension Plan Contributions$948,374$184,707-$1,133,081
Other Salaries and Wages$808,005$142,589-$950,594
Interest$571,941$100,931-$672,872
Occupancy$260,716$46,009-$306,725
Current Officers, Directors, Trustees, and Key Employees$106,652$35,551-$142,203
Other Employee Benefits$94,619$18,428-$113,047
Insurance$64,131$11,317-$75,448
Other Expenses$47,660$8,411-$56,071
Information Technology$47,174$8,325-$55,499
Fees for Services Legal-$30,618-$30,618
Office Expenses$17,641$3,113-$20,754
Fees for Services Other-$19,684-$19,684
All Other Expenses$16,074$853-$16,927
Fees for Services Accounting-$6,063-$6,063
Advertising$4,671$824-$5,495
Travel$4,017$709-$4,726
Total Functional Expenses$3,667,732$737,436$0$4,405,168

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,405,168
Total Expenses per Audited Statements$4,405,168
Total Expenses per Form 990$4,405,168
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$15,918--
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Pension Liabilities$2,854,398
Deferred Inflows of Resources$1,775,346
Net OPEB Liability$142,559
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, line 2

“The business administrator, secretary, and board president are related (wife, husband, and son-in-law, respectively). All three were involved in the founding of LTA.”

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
Michelle Morin
Title
President
Phone
7195598733
Signed
2020-01-21
Discuss with paid preparer
No

Organization Details

Formed
2016
Legal Domicile
Co
Voting Board Members
7
Independent Board Members
6
Employees
38
Volunteers
18

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 XII, Line 2C:

“The finance committee 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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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt213689
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt081442
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt061496
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-15041
IRS990/PYSalariesCompEmpBnftPaidAmt034987
IRS990/PYTotalExpensesAmt096483
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt081442
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-1546966
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02414797
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0225138
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04405168
IRS990ScheduleD/LandGrp/BookValueAmt0611478
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0611478
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt07486005
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt13827303
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt24000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Construction in Progress
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Deferred Outflows of Resources
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02854398
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11775346
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2142559
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Net Pension Liabilities
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Deferred Inflows of Resources
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Net OPEB Liability
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02858202
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0611478
IRS990ScheduleD/TotalBookValueOtherAssetsAmt011317308
IRS990ScheduleD/TotalExpensesPerForm990Amt04405168
IRS990ScheduleD/TotalLiabilityAmt04772303
IRS990ScheduleD/TotalRevenuePerForm990Amt02858202
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02858202
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04405168
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/ExplanationTxt0The business administrator, secretary, and board president are related (wife, husband, and son-in-law, respectively). All three were involved in the founding of LTA.
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 committee oversees audit services and selection of independent auditors.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 2
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:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0-895309
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt047206
IRS990/TotalAssetsEOYAmt016738389
IRS990/TotalAssetsGrp/BOYAmt047206
IRS990/TotalAssetsGrp/EOYAmt016738389
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0323020
IRS990/TotalEmployeeCnt038
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0737436
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03667732
IRS990/TotalFunctionalExpensesGrp/TotalAmt04405168
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt062247
IRS990/TotalLiabilitiesEOYAmt018300396
IRS990/TotalLiabilitiesGrp/BOYAmt062247
IRS990/TotalLiabilitiesGrp/EOYAmt018300396
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-15041
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1562007
IRS990/TotalOtherCompensationAmt013848
IRS990/TotalProgramServiceExpensesAmt03667732
IRS990/TotalProgramServiceRevenueAmt02414797
IRS990/TotalReportableCompFromOrgAmt0101900
IRS990/TotalRevenueGrp/ExclusionAmt0120385
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02414797
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02858202
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt018
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt047206
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt016738389
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0709
IRS990/TravelGrp/ProgramServicesAmt04017
IRS990/TravelGrp/TotalAmt04726
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-15041
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-666698
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt031311
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt011714876
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt08579 Eastonville Road
IRS990/USAddress/CityNm0Falcon
IRS990/USAddress/StateAbbreviationCd0CO
IRS990/USAddress/ZIPCd080831
IRS990/VotingMembersGoverningBodyCnt07

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$16,738,389
Liabilities
$18,300,396
Net assets
-$1,562,007
Revenue
$2,858,202
Expenses
$4,405,168
Net income
-$1,546,966
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
2019Detailed filing. Detailed filing data is available for this year.$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