Civic Intelligence

Liberty Common School

990 • Fiscal year 2022 • EIN 84-1404585

Jul 01, 2021 to Jun 30, 2022 • Filed on Feb 01, 2023

1725 Sharp Point DriveFort Collins, CO 80525

(970) 482-9800

Siviq Scores

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

Liabilities / Assets

98th percentile

1.49x

Higher debt load relative to assets than 98% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

83rd percentile

1.27x

Higher debt load relative to revenue than 83% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

77th percentile

27%

Higher net margin than 77% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

53rd percentile

$184,075

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Assets

$12,052,386

No earlier filing loaded for comparison.

Net Assets

-$5,848,922

No earlier filing loaded for comparison.

Liabilities

$17,901,308

No earlier filing loaded for comparison.

Revenue

$14,074,007

No earlier filing loaded for comparison.

Expenses

$10,311,528

No earlier filing loaded for comparison.

Net Income

$3,762,479

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0-$10MAssets 2022: $12,052,386Liabilities 2022: $17,901,308Net Assets 2022: -$5,848,9222022Assets 2023: $14,313,083Liabilities 2023: $21,170,213Net Assets 2023: -$6,857,1302023Assets 2024: $20,031,988Liabilities 2024: $26,902,900Net Assets 2024: -$6,870,9122024

Highlighted filing

2022

Assets$12,052,386
Liabilities$17,901,308
Net Assets-$5,848,922

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10MRevenue 2022: $14,074,007Expenses 2022: $10,311,528Net Income 2022: $3,762,4792022Revenue 2023: $17,573,774Expenses 2023: $18,331,982Net Income 2023: -$758,2082023Revenue 2024: $20,934,720Expenses 2024: $20,781,532Net Income 2024: $153,1882024

Highlighted filing

2022

Revenue$14,074,007
Expenses$10,311,528
Net Income$3,762,479
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Feb 1, 2023
Return Version
2021v4.2
Gross Receipts
$14,074,007
Mission and Program Overview

Mission

See Schedule O

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,626,952$3,799,863▲ $1,172,911
Savings and Temporary Cash Investments$3,139,176$3,147,024▲ $7,848
Land, Buildings, and Equipment, Net$1,073,186$1,737,192▲ $664,006
Accounts Receivable$832,838$236,039▼ $596,799
Prepaid Expenses and Deferred Charges$33,553$27,825▼ $5,728
Total Assets$14,231,343$12,052,386▼ $2,178,957
Other Assets Total$6,525,638$3,104,443▼ $3,421,195
Liabilities
Other Liabilities$23,131,969$17,266,587▼ $5,865,382
Accounts Payable and Accrued Expenses$597,770$582,309▼ $15,461
Deferred Revenue$113,005--
Mortgage Notes Payable Secured by Investment Property-$52,412-
Total Liabilities$23,842,744$17,901,308▼ $5,941,436
Net Assets / Fund Balance
Net Assets With Donor Restrictions-$395,000-
Net Assets Without Donor Restrictions$-9,611,401$-6,243,922▲ $3,367,479
Total Net Assets Fund Balance$-9,611,401$-5,848,922▲ $3,762,479
Total Liabilities and Net Assets / Fund Balance$14,231,343$12,052,386▼ $2,178,957

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,386,566$596,799$1,983,365
Leasehold Improvements$303,763$558,851$862,614
Other Land Buildings$46,863-$46,863
Other Assets Org$3,104,443--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bob SchafferHeadmasterFT$149,600$34,475$184,075
Torgun LovelyPrincipalFT$130,113$25,227$155,340
Casey ChurchillPrincipalFT$124,216$26,710$150,926
Richard WronaChief Operating OfficerFT$119,450$25,017$144,467
Sandy StoltzfusPrincipalFT$102,174$19,980$122,154

Board Members and Trustees

NameTitle
Tricia DiehlPresident
Cindy SkalickyDirector
Elizabeth BarberDirector
Mark DollarDirector
Mindy StoryDirector
Patrick AlbrightDirector
Todd ArndorferTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,511,150
Program Service Revenue
$12,270,082
Investment Income
$7,848
Other Revenue
$284,927
All Other Contributions
$627,789
Change in Net Assets
$3,762,479

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,824,007
Revenue Not Reported on Financial Statements
$250,000
Revenue Not Reported on Form 990
$1,292,778
Other Revenue Adjustments
$250,000
Total Revenue per Audited Statements
$15,116,785
Total Revenue per Form 990
$14,074,007
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,620,362
Other Expenses$3,691,166
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,118,058$679,784-$6,797,842
Occupancy$882,957$155,816-$1,038,773
Other Employee Benefits$429,777$51,545-$481,322
Current Officers, Directors, Trustees, and Key Employees$252,969$84,323-$337,292
All Other Expenses$216,425$32,020-$248,445
Depreciation Depletion-$175,261-$175,261
Insurance$135,311$23,878-$159,189
Payroll Taxes$133,090$15,962-$149,052
Other Expenses$88,169$15,559-$103,728
Travel$46,246$8,161-$54,407
Fees for Services Accounting-$50,663-$50,663
Fees for Services Other-$30,784-$30,784
Fees for Services Legal-$12,850-$12,850
Office Expenses$5,425$957-$6,382
Interest$3,511$620-$4,131
Pension Plan Contributions$-1,022,511$-122,635-$-1,145,146
Total Functional Expenses$8,913,126$1,398,402$0$10,311,528

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$11,681,270
Expenses per Audited Statements$10,311,528
Total Expenses per Form 990$10,311,528
Expenses Not Reported on Form 990$1,369,742
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$11,255,585
Deferred Inflows of Resources$5,466,514
Net OPEB Liability$544,488
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

Form 990 is presented to the Board prior to submission.

Form 990, Part VI, Section C, line 19

Liberty Common School makes it governing documents and conflict of interest policy available to the public upon request. The financial statements are available on the Liberty Common School's website at the following address. http://www.libertycommon.org

Filing and Contact Details

Filer

Filer Name
Liberty Common School
EIN
84-1404585
Phone
9704829800
Address
1725 Sharp Point Drive, Fort Collins, CO 80525

Signing Officer

Name
Tricia Diehl
Title
President
Phone
9704829800
Signed
2023-02-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tricia Diehl
Formed
1997
Legal Domicile
Co
Voting Board Members
7
Independent Board Members
7
Employees
228
Volunteers
893

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 I, Line 1, Description of Organization Mission:

The mission of Liberty is to provide excellence and fairness in education for school children through a common foundation by successfully teaching a contextual body of organized knowledge, the skills of learning including higher order thinking, and the values of a democratic society. Liberty recognizes the value of inclusiveness, or providing access to a broad cross-section of the community, so that students from all backgrounds can benefit from Liberty's educational offering. Liberty acknowledges the leadership of teachers in the classroom, and recognizes the responsibility of each student for his/her academic effort.

Form 990, Part III, LIne 1, Description of Organization Mission:

The mission of Liberty is to provide excellence and fairness in education for school children through a common foundation by successfully teaching a contextual body of organized knowledge, the skills of learning including higher order thinking, and the values of a democratic society. Liberty recognizes the value of inclusiveness, or providing access to a broad cross-section of the community, so that students from all backgrounds can benefit from Liberty's educational offering. Liberty acknowledges the leadership of teachers in the classroom, and recognizes the responsibility of each student for his/her academic effort.

Form 990, Part XII, Line 2C:

The board of education is responsible for oversight of the audit and selection of independent accountants.

Financial Statement Notes

Part XI, Line 2D - Other Adjustments:

Building Corporation rental income 1,291,976. Building Corporation Investment income 802.

Part XI, Line 4B - Other Adjustments:

Building Corporation Transfers 250,000.

Part XII, Line 2D - Other Adjustments:

Building Corporation purchased services 10,667. Building Corporation interest expense 816,918. Building corporation depreciation expense 542,157.

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IRS990/OtherRevenueMiscGrp/Desc0Transfers
IRS990/OtherRevenueMiscGrp/Desc1Miscellaneous Revenue
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0250000
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt134927
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0250000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt134927
IRS990/OtherRevenueTotalAmt0284927
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0679784
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt06118058
IRS990/OtherSalariesAndWagesGrp/TotalAmt06797842
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt015962
IRS990/PayrollTaxesGrp/ProgramServicesAmt0133090
IRS990/PayrollTaxesGrp/TotalAmt0149052
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0-122635
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0-1022511
IRS990/PensionPlanContributionsGrp/TotalAmt0-1145146
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt033553
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt027825
IRS990/PrincipalOfficerNm0Tricia Diehl
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/BusinessCd1611110
IRS990/ProgramServiceRevenueGrp/BusinessCd2611110
IRS990/ProgramServiceRevenueGrp/Desc0Per Pupil Revenue
IRS990/ProgramServiceRevenueGrp/Desc1Mill Levy Override
IRS990/ProgramServiceRevenueGrp/Desc2Pupil Activities
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt09666290
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12281443
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2322349
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt09666290
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12281443
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2322349
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYExcessBenefitTransInd00
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt03762479
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt012555009
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03139176
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03147024
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt01386566
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0596799
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01983365
IRS990ScheduleD/ExpensesNotReportedAmt01369742
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt010311528
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0303763
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0558851
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0862614
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt03104443
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred Outflows of Resources
IRS990ScheduleD/OtherExpensesIncludedAmt01369742
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt046863
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt046863
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05466514
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1544488
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt211255585
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Deferred Inflows of Resources
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Net OPEB Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Net Pension Liabilities
IRS990ScheduleD/OtherRevenueAmt01292778
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0250000
IRS990ScheduleD/RevenueNotReportedAmt01292778
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0250000
IRS990ScheduleD/RevenueSubtotalAmt013824007
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Building Corporation rental income 1,291,976. Building Corporation Investment income 802.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Building Corporation Transfers 250,000.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Building Corporation purchased services 10,667. Building Corporation interest expense 816,918. Building corporation depreciation expense 542,157.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 4b - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01737192
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03104443
IRS990ScheduleD/TotalExpensesPerForm990Amt010311528
IRS990ScheduleD/TotalLiabilityAmt017266587
IRS990ScheduleD/TotalRevenuePerForm990Amt014074007
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt015116785
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt011681270
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 nondiscriminatory policy is included on the organization's website, in the contracts and in the family handbook.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The mission of Liberty is to provide excellence and fairness in education for school children through a common foundation by successfully teaching a contextual body of organized knowledge, the skills of learning including higher order thinking, and the values of a democratic society. Liberty recognizes the value of inclusiveness, or providing access to a broad cross-section of the community, so that students from all backgrounds can benefit from Liberty's educational offering. Liberty acknowledges the leadership of teachers in the classroom, and recognizes the responsibility of each student for his/her academic effort.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The mission of Liberty is to provide excellence and fairness in education for school children through a common foundation by successfully teaching a contextual body of organized knowledge, the skills of learning including higher order thinking, and the values of a democratic society. Liberty recognizes the value of inclusiveness, or providing access to a broad cross-section of the community, so that students from all backgrounds can benefit from Liberty's educational offering. Liberty acknowledges the leadership of teachers in the classroom, and recognizes the responsibility of each student for his/her academic effort.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Form 990 is presented to the Board prior to submission.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Liberty Common School makes it governing documents and conflict of interest policy available to the public upon request. The financial statements are available on the Liberty Common School's website at the following address. http://www.libertycommon.org
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The board of education is responsible for oversight of the audit and selection of independent accountants.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part I, Line 1, Description of Organization Mission:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part III, LIne 1, Description of Organization Mission:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XII, Line 2c:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0Liberty Common School

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