Civic Intelligence

Liberty Tree Academy

990 • Fiscal year 2021 • EIN 82-2259254

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 13, 2021

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

1.12x

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

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

85th percentile

1.24x

Higher debt load relative to revenue than 85% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

21st percentile

-0.9%

Higher net margin than 21% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

43rd percentile

$103,516

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

1st percentile

-59%

Faster asset growth than 1% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

61st percentile

21%

Faster revenue growth than 61% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$6,133,452

Down $8,973,820 (-59%) from 2020

Net Assets

Up

-$707,862

Up $1,380,272 (+66%) from 2020

Liabilities

Down

$6,841,314

Down $10,354,092 (-60%) from 2020

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin21st percentile

Revenue

Up

$5,498,941

Up $955,550 (+21%) from 2020

Expenses

Up

$5,548,760

Up $479,242 (+9.5%) from 2020

Net Income

Up

-$49,819

Up $476,308 (+91%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth1st 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

2021

Assets$6,133,452
Liabilities$6,841,314
Net Assets-$707,862
Open 2021 Filing

Operations Trend

Revenue Growth61st 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

2021

Revenue$5,498,941
Expenses$5,548,760
Net Income-$49,819
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 13, 2021
Return Version
2020v4.1
Gross Receipts
$5,498,941
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
Cash and Non-Interest-Bearing Accounts$1,524,894$1,636,837▲ $111,943
Savings and Temporary Cash Investments$545,465$568,362▲ $22,897
Land, Buildings, and Equipment, Net$10,072,518$118,270▼ $9,954,248
Accounts Receivable-$56,685-
Prepaid Expenses and Deferred Charges$13,476$18,238▲ $4,762
Pledges and Grants Receivable$76,355$16,372▼ $59,983
Total Assets$15,107,272$6,133,452▼ $8,973,820
Other Assets Total$2,874,564$3,718,688▲ $844,124
Liabilities
Unsecured Notes Loans Payable$12,040,409$0▼ $12,040,409
Other Liabilities$4,804,841$6,562,308▲ $1,757,467
Accounts Payable and Accrued Expenses$256,085$177,044▼ $79,041
Deferred Revenue$94,071$101,962▲ $7,891
Total Liabilities$17,195,406$6,841,314▼ $10,354,092
Net Assets / Fund Balance
Net Assets With Donor Restrictions$-1,157,878$146,000▲ $1,303,878
Net Assets Without Donor Restrictions$-930,256$-853,862▲ $76,394
Total Net Assets Fund Balance$-2,088,134$-707,862▲ $1,380,272
Total Liabilities and Net Assets / Fund Balance$15,107,272$6,133,452▼ $8,973,820

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$118,270$23,943$142,213
Other Assets Org$7,290--
Compensation and Service Providers
Top Officer Pay43rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Shannon WilsonPrincipalFT$85,676$17,840$103,516
Jeanette HandsBusiness AdministratorFT$67,320$14,062$81,382

Board Members and Trustees

NameTitle
Michelle MorinPresident
William GarrettVice President
Michael JohnsonSecretary
Michael PetersonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$849,609
Program Service Revenue
$4,648,757
Investment Income
$554
Other Revenue
$21
All Other Contributions
$24,225
Change in Net Assets
$-49,819

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,498,941
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$5,498,941
Total Revenue per Form 990
$5,498,941
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,319,984
Other Expenses$2,228,776
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,433,396$252,952-$1,686,348
Pension Plan Contributions$1,045,773$198,993-$1,244,766
Occupancy$727,127$128,317-$855,444
Current Officers, Directors, Trustees, and Key Employees$138,410$46,137-$184,547
Other Employee Benefits$133,272$25,360-$158,632
Information Technology$86,594$15,281-$101,875
Other Expenses$61,768$10,900-$72,668
Insurance$58,528$10,328-$68,856
All Other Expenses$43,872$7,744-$51,616
Payroll Taxes$38,387$7,304-$45,691
Depreciation Depletion$20,352$3,591-$23,943
Office Expenses$18,596$3,282-$21,878
Fees for Services Accounting-$18,400-$18,400
Fees for Services Legal-$14,754-$14,754
Fees for Services Other-$4,529-$4,529
Travel$1,301$230-$1,531
Total Functional Expenses$4,683,899$864,861$0$5,548,760

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,548,760
Total Expenses per Audited Statements$5,548,760
Total Expenses per Form 990$5,548,760
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$4,569,181
Deferred Inflows of Resources$1,827,241
Net OPEB Liability$165,886
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, Peyton, CO 80831

Signing Officer

Name
Michelle Morin
Title
President
Phone
7195598733
Signed
2021-11-13
Discuss with paid preparer
No

Organization Details

Formed
2016
Legal Domicile
Co
Voting Board Members
4
Independent Board Members
4
Employees
105
Volunteers
10

Preparer

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

Additional Explanations

Form 990, Part XI, line 9:

“To Remove Building Corporation Net Assets 1,430,091.”

Form 990 Part XII, Line 2C:

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

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IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt04648778
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0545465
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0568362
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/BookValueAmt0118270
IRS990ScheduleD/EquipmentGrp/DepreciationAmt023943
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0142213
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt05548760
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt03711398
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt17290
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred Outflows of Resources
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04569181
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11827241
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2165886
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Net Pension Liabilities
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Deferred Inflows of Resources
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Net OPEB Liability
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05498941
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0118270
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03718688
IRS990ScheduleD/TotalExpensesPerForm990Amt05548760
IRS990ScheduleD/TotalLiabilityAmt06562308
IRS990ScheduleD/TotalRevenuePerForm990Amt05498941
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05498941
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05548760
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/ExplanationTxt2To Remove Building Corporation Net Assets 1,430,091.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The 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 XI, line 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 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/ShareOfEOYAssetsAmt015257468
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfTotalIncomeAmt0788491
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/InvolvedAmt0783512
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Fair Market Value
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0Liberty Tree Academy Building Corporation
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0K
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt015107272
IRS990/TotalAssetsEOYAmt06133452
IRS990/TotalAssetsGrp/BOYAmt015107272
IRS990/TotalAssetsGrp/EOYAmt06133452
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0849609
IRS990/TotalEmployeeCnt0105
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0864861
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04683899
IRS990/TotalFunctionalExpensesGrp/TotalAmt05548760
IRS990/TotalGrossUBIAmt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$6,133,452
Liabilities
$6,841,314
Net assets
-$707,862
Revenue
$5,498,941
Expenses
$5,548,760
Net income
-$49,819
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