Civic Intelligence

Live Oak Classical Foundation

EIN 83-2220421 • 501(c)3 • Waco, TX

Pub. 78 Eligible

Profile

NONE

P O Box 647Waco, TX 76703

n/A

Siviq Scores

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

Liabilities / Assets

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

5th percentile

-335%

Higher net margin than 5% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

15th percentile

-60%

Faster asset growth than 15% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

94th percentile

145%

Faster revenue growth than 94% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets59th percentile

Assets

Down

$458,083

Down $685,144 (-60%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$458,083

Down $685,144 (-60%) from 2023

Operations
Liabilities / Revenue61st percentileNet Margin5th percentile

Revenue

Up

$227,777

Up $134,877 (+145%) from 2023

Expenses

Up

$989,920

Up $646,813 (+189%) from 2023

Net Income

Down

-$762,143

Down $511,936 (-205%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth15th percentile

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

$1.5M$1.0M$500K$0Assets 2020: $65,548Liabilities 2020: $0Net Assets 2020: $65,5482020Assets 2021: $880,538Liabilities 2021: $0Net Assets 2021: $880,5382021Assets 2022: $1,495,726Liabilities 2022: $0Net Assets 2022: $1,495,7262022Assets 2023: $1,143,227Liabilities 2023: $0Net Assets 2023: $1,143,2272023Assets 2024: $458,083Liabilities 2024: $0Net Assets 2024: $458,0832024

Highlighted filing

2024

Assets$458,083
Liabilities$0
Net Assets$458,083
Open 2024 Filing

Operations Trend

Revenue Growth94th percentile

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

$1.0M$500K$0-$500K-$1.0MRevenue 2020: $26,133Expenses 2020: $152,308Net Income 2020: -$126,1752020Revenue 2021: $984,195Expenses 2021: $169,205Net Income 2021: $814,9902021Revenue 2022: $388,649Expenses 2022: $78,635Net Income 2022: $310,0142022Revenue 2023: $92,900Expenses 2023: $343,107Net Income 2023: -$250,2072023Revenue 2024: $227,777Expenses 2024: $989,920Net Income 2024: -$762,1432024

Highlighted filing

2024

Revenue$227,777
Expenses$989,920
Net Income-$762,143
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$458,083
Liabilities
$0
Net assets
$458,083
Revenue
$227,777
Expenses
$989,920
Net income
-$762,143
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.46$0.00$0.46$0.23$0.99$0.76
2023Detailed filing. Detailed filing data is available for this year.$1.14$0.00$1.14$0.09$0.34$0.25
2022Detailed filing. Detailed filing data is available for this year.$1.50$0.00$1.50$0.39$0.08$0.31
2021Detailed filing. Detailed filing data is available for this year.$0.88$0.00$0.88$0.98$0.17$0.81
2020Summary only. Only limited summary data is available for this year.$0.07$0.00$0.07$0.03$0.15$0.13
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$227,777
Mission and Program Overview

Mission

NONE

To generate funds to subsidize and support capital and academic-oriented projects of live oak classical school in waco, texas, and other charitable acts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$383,592$340,278▼ $43,314
Pledges and Grants Receivable$753,985$112,155▼ $641,830
Accounts Receivable$5,650$5,650→ $0
Total Assets$1,143,227$458,083▼ $685,144
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$530,142$340,278▼ $189,864
Net Assets With Donor Restrictions$613,085$117,805▼ $495,280
Total Net Assets Fund Balance$1,143,227$458,083▼ $685,144
Total Liabilities and Net Assets / Fund Balance$1,143,227$458,083▼ $685,144
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Smith GettermanPresident
Ben LacyDirector
Holly BurchettDirector
Scott OmoDirector
Alison MoffattHead of School
Kimberly LucasSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$224,525
Program Service Revenue
$0
Investment Income
$3,252
Other Revenue
$0
All Other Contributions
$224,525
Change in Net Assets
$-762,143
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$642,296
Grants and Similar Amounts Paid$347,624
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses-$641,704-$641,704
Grants to Domestic Orgs$347,624--$347,624
Office Expenses-$592-$592
Total Functional Expenses$347,624$642,296$0$989,920
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
No
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

“The organization makes its form 990 available to the board of directors for review before filing.”

Form 990, Part VI, Section B, Line 15

“The organization has no employees”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Live Oak Classical Foundation
EIN
83-2220421
Phone
2547141007
Address
P O BOX 647, WACO, TX 76703

Signing Officer

Name
Brice Helton
Title
Interim Head of School
Phone
2547141007
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brice Helton
Formed
2018
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Pattillo Brown & Hill Llp
Address
P O BOX 20725, WACO, TX 76702-0725
Preparer
Sharon M Herwald CPA
Phone
2547724901
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Transfer of assets from live oak classical school 76,999.”

Financial Statement Notes

PART X, LINE 2:

“The organization was granted tax-exempt status under section 501(c)(3) of the internal revenue code. The organization has been classified as a publicly supported organization, which is not a private foundation under section 509(a)(1) and 170(b)(1)(a)(vi) of the code. The organization began collecting unrelated business taxable income ("ubti") in 2017 related to fees charged for parking and has prepared a form 990-t to pay the related tax. Therefore, a provision for income taxes is reflected in the combined financial statements for the year ended june 30, 2024 and 2023. The accounting standards on accounting for uncertainty in income taxes address the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under that guidance, the organization may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the organization and various positions related to the potential sources of ubti. The organization has recognized ubti for the years ended june 30, 2024 and 2023 and recorded the related provision for income tax in the amount of $0 and $0. The organization's tax returns are generally no longer subject to examination by the internal revenue service after three years.”

Raw XML Appendix357 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.

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1ONE OF THE FOUNDATION'S DIRECTORS WAS ALSO A DIRECTOR OF THE SUPPORTED ORGANIZATION, LIVE OAK CLASSICAL SCHOOL; HOWEVER, THIS ONE DIRECTOR DOES NOT REPRESENT A MAJORITY OF THE DIRECTORS OF LIVE OAK CLASSICAL SCHOOL. A MAJORITY OF DIRECTORS FOR LIVE OAK CLASSICAL SCHOOL WOULD BE SIX.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION WAS GRANTED TAX-EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION HAS BEEN CLASSIFIED AS A PUBLICLY SUPPORTED ORGANIZATION, WHICH IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(1) AND 170(B)(1)(A)(VI) OF THE CODE. THE ORGANIZATION BEGAN COLLECTING UNRELATED BUSINESS TAXABLE INCOME ("UBTI") IN 2017 RELATED TO FEES CHARGED FOR PARKING AND HAS PREPARED A FORM 990-T TO PAY THE RELATED TAX. THEREFORE, A PROVISION FOR INCOME TAXES IS REFLECTED IN THE COMBINED FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2024 AND 2023. THE ACCOUNTING STANDARDS ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESS THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, THE ORGANIZATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE ORGANIZATION AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UBTI. THE ORGANIZATION HAS RECOGNIZED UBTI FOR THE YEARS ENDED JUNE 30, 2024 AND 2023 AND RECORDED THE RELATED PROVISION FOR INCOME TAX IN THE AMOUNT OF $0 AND $0. THE ORGANIZATION'S TAX RETURNS ARE GENERALLY NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AFTER THREE YEARS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE TO THE BOARD OF DIRECTORS FOR REVIEW BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS NO EMPLOYEES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TRANSFER OF ASSETS FROM LIVE OAK CLASSICAL SCHOOL 76,999.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0LIVE OAK CLASSICAL SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0770616274
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PRIVATE SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0400 S 4TH STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0WACO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd076706
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01143227
IRS990/TotalAssetsEOYAmt0458083
IRS990/TotalAssetsGrp/BOYAmt01143227
IRS990/TotalAssetsGrp/EOYAmt0458083
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0224525
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0642296
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0347624
IRS990/TotalFunctionalExpensesGrp/TotalAmt0989920
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01143227
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0458083
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0347624
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt03252
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0227777
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01143227
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0458083
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0P O BOX 647
IRS990/USAddress/CityNm0WACO
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd076703
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BRICE HELTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0INTERIM HEAD OF SCHOOL
ReturnHeader/BusinessOfficerGrp/PhoneNum02547141007
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LIVE OAK CLASSICAL FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0LIVE
ReturnHeader/Filer/EIN0832220421
ReturnHeader/Filer/PhoneNum02547141007
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 647
ReturnHeader/Filer/USAddress/CityNm0WACO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd076703
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0741130599
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PATTILLO BROWN & HILL LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0P O BOX 20725
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WACO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0767020725
ReturnHeader/PreparerPersonGrp/PhoneNum02547724901
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SHARON M HERWALD CPA
ReturnHeader/ReturnTs02025-05-15T11:01:21-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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