Civic Intelligence

Northwest Classical Academy Inc.

990 • Fiscal year 2023 • EIN 85-3837363

Jul 01, 2022 to Jun 30, 2023 • Filed on Dec 13, 2023

Organization ProfileWWW.NWCLASSICAL.ORG
3010 Cobb Parkway NWKennesaw, GA 30152

(470) 502-9700

Siviq Scores

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

Liabilities / Assets

89th percentile

0.84x

Higher debt load relative to assets than 89% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

82nd percentile

1.17x

Higher debt load relative to revenue than 82% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

65th percentile

11%

Higher net margin than 65% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

31st percentile

$129,864

Higher top officer pay than 31% of similar nonprofits.

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

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

94th percentile

82%

Faster asset growth than 94% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

89th percentile

59%

Faster revenue growth than 89% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets89th percentile

Assets

Up

$13,767,176

Up $6,201,721 (+82%) from 2022

Net Assets

Up

$2,142,854

Up $1,129,266 (+111%) from 2022

Liabilities

Up

$11,624,322

Up $5,072,455 (+77%) from 2022

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin65th percentile

Revenue

Up

$9,904,694

Up $3,669,979 (+59%) from 2022

Expenses

Up

$8,775,428

Up $3,727,928 (+74%) from 2022

Net Income

Down

$1,129,266

Down $57,949 (-4.9%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth94th percentile

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

$40M$30M$20M$10M$0Assets 2022: $7,565,455Liabilities 2022: $6,551,867Net Assets 2022: $1,013,5882022Assets 2023: $13,767,176Liabilities 2023: $11,624,322Net Assets 2023: $2,142,8542023Assets 2024: $38,746,133Liabilities 2024: $36,900,767Net Assets 2024: $1,845,3662024Assets 2025: $38,770,768Liabilities 2025: $37,381,730Net Assets 2025: $1,389,0382025

Highlighted filing

2023

Assets$13,767,176
Liabilities$11,624,322
Net Assets$2,142,854
Open 2023 Filing

Operations Trend

Revenue Growth89th percentile

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

$15M$10M$5.0M$0-$5.0MRevenue 2022: $6,234,715Expenses 2022: $5,047,500Net Income 2022: $1,187,2152022Revenue 2023: $9,904,694Expenses 2023: $8,775,428Net Income 2023: $1,129,2662023Revenue 2024: $11,383,796Expenses 2024: $11,681,284Net Income 2024: -$297,4882024Revenue 2025: $13,201,247Expenses 2025: $13,657,575Net Income 2025: -$456,3282025

Highlighted filing

2023

Revenue$9,904,694
Expenses$8,775,428
Net Income$1,129,266
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Dec 13, 2023
Return Version
2022v5.0
Gross Receipts
$9,904,694
Mission and Program Overview

Mission

To be a nationally regarded k-12 classical school and serve as a local and national incubator for the growth and promotion of classical education.

To develop students in mind and character through a classical, content-rich curriculum that emphasizes the principles of virtuous living, traditional learning, and civic responsibility.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,778,712$5,682,166▼ $96,546
Cap Stk Tr Prin Current Funds$1,536,842$2,394,829▲ $857,987
Cash and Non-Interest-Bearing Accounts$810,291$2,372,130▲ $1,561,839
Accounts Receivable$252,082$118,292▼ $133,790
Prepaid Expenses and Deferred Charges$15,270$15,567▲ $297
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$-523,254$-251,975▲ $271,279
Total Assets$7,565,455$13,767,176▲ $6,201,721
Other Assets Total$709,100$5,579,021▲ $4,869,921
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,301,966$5,934,141▼ $367,825
Other Liabilities$0$5,446,796▲ $5,446,796
Accounts Payable and Accrued Expenses$159,525$243,385▲ $83,860
Unsecured Notes Loans Payable$90,376--
Total Liabilities$6,551,867$11,624,322▲ $5,072,455
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,013,588$2,142,854▲ $1,129,266
Total Liabilities and Net Assets / Fund Balance$7,565,455$13,767,176▲ $6,201,721

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,256,459$1,299,708$6,556,167
Other Land Buildings$284,604$69,901$354,505
Equipment$141,103$23,785$164,888
Other Assets Org$464,403--
Compensation and Service Providers
Top Officer Pay31st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Matthew RegerPrincipalFT$108,842$21,022$129,864

Board Members and Trustees

NameTitle
Cat McafeeBoard Chair
Greg SmithVice Chair
Leo SmithMember
Doris MossSecretary
Matt AltmixTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Liberty Classical Schools Educational SeManagement Services400 TECHNOLOGY CT SUITE A, Smyrna, GA 30082$242,493
Ellsworth Office CleaningJanitorial Services2020 HOWELL MILL RD NW D-336, Atlanta, GA 30318$210,319
Chef AdvantageFood ServicePO BOX 440337, Kennesaw, GA 30160$160,951
Revenue and Support

Revenue Composition

Contributions and Grants
$9,589,939
Program Service Revenue
$233,150
Investment Income
$22,790
Other Revenue
$58,815
All Other Contributions
$262,471
Change in Net Assets
$1,129,266

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,904,694
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$9,904,694
Total Revenue per Form 990
$9,904,694
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,468,608
Other Expenses$3,306,820
Total Fundraising Expense$33,071
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,500,802$833,600-$3,334,402
Pension Plan Contributions$1,438,160--$1,438,160
Depreciation Depletion$73,854$669,511-$743,365
Fees for Services Management-$711,153-$711,153
Occupancy$507,563--$507,563
Other Employee Benefits$480,315--$480,315
Fees for Services Other$293,897$64,302-$358,199
Information Technology$151,234--$151,234
Current Officers, Directors, Trustees, and Key Employees$32,265$64,529$32,264$129,058
Interest$92,251--$92,251
Payroll Taxes$63,390$22,476$807$86,673
Insurance$67,249$2,975-$70,224
Office Expenses-$62,592-$62,592
Fees for Services Accounting-$30,168-$30,168
Conferences and Meetings$26,463--$26,463
All Other Expenses$2,291$23,236-$25,527
Other Expenses$23,336--$23,336
Fees for Services Legal-$11,525-$11,525
Advertising-$8,752-$8,752
Travel$3,587--$3,587
Total Functional Expenses$6,237,538$2,504,819$33,071$8,775,428

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,775,428
Total Expenses per Audited Statements$8,775,428
Total Expenses per Form 990$8,775,428
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 Liability$5,418,591
Deferred Inflows - Pension$28,205
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The organization appoints liberty classical schools educational services, inc. As exclusive agent for management of the school. The duties of the management company include, but are not limited to, finance, information technology, human resources, and operations.”

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

“Form 990 will be provided electronically to board members and reviewed before filing.”

Form 990, Part VI, Section B, Line 12C

“Directors are required to disclose any and all potential conflicts of interest annually; such disclosures, if any, are kept on file.”

Form 990, Part VI, Section B, Line 15A

“In cooperation with international search firm carney sandoe (based in boston), dr. Brian carpenter (educational consultant) and also comparing comp packages with local public school principals, the board developed the principal's compensation package. Compensation for other officers is compared to industry standards using a normal search with broad benchmarks and subject to the board's approval.”

Form 990, Part VI, Section C, Line 19

“Governing documents are available via the school website.”

Filing and Contact Details

Filer

Filer Name
Northwest Classical Academy Inc
EIN
85-3837363
Phone
4705029700
Address
3010 COBB PARKWAY NW, KENNESAW, GA 30152

Signing Officer

Name
Matt Altmix
Title
Treasurer
Phone
4705029700
Signed
2023-12-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matthew Reger
Formed
2020
Legal Domicile
Ga
Voting Board Members
5
Independent Board Members
5
Employees
102
Volunteers
160

Preparer

Firm
Mauldin & Jenkins LLC
Address
200 GALLERIA PKWY SE STE 1700, ATLANTA, GA 30339-5946
Preparer
Mary Jo Alexander
Phone
7709558600
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The organization retained mauldin & jenkins to perform an audit and prepare form 990.”

Financial Statement Notes

Form 990 Part X

“The organization has no uncertain unrelated business income tax liabilities under fin 48 or asc 740.”

Raw XML AppendixShowing 400 of 471 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0159525
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0243385
IRS990/AccountsReceivableGrp/BOYAmt0252082
IRS990/AccountsReceivableGrp/EOYAmt0118292
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO DEVELOP STUDENTS IN MIND AND CHARACTER THROUGH A CLASSICAL, CONTENT-RICH CURRICULUM THAT EMPHASIZES THE PRINCIPLES OF VIRTUOUS LIVING, TRADITIONAL LEARNING, AND CIVIC RESPONSIBILITY.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt08752
IRS990/AdvertisingGrp/TotalAmt08752
IRS990/AllOtherContributionsAmt0262471
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt023236
IRS990/AllOtherExpensesGrp/ProgramServicesAmt02291
IRS990/AllOtherExpensesGrp/TotalAmt025527
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE ORGANIZATION
IRS990/BooksInCareOfDetail/PhoneNum04705029700
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt03010 COBB PARKWAY NW
IRS990/BooksInCareOfDetail/USAddress/CityNm0KENNESAW
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0GA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd030152
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt01536842
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt02394829
IRS990/CashNonInterestBearingGrp/BOYAmt0810291
IRS990/CashNonInterestBearingGrp/EOYAmt02372130
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt03
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt032264
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt064529
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt032265
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0129058
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt026463
IRS990/ConferencesMeetingsGrp/TotalAmt026463
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt0242493
IRS990/ContractorCompensationGrp/CompensationAmt1210319
IRS990/ContractorCompensationGrp/CompensationAmt2160951
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0400 TECHNOLOGY CT SUITE A
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt12020 HOWELL MILL RD NW D-336
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt2PO BOX 440337
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0SMYRNA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1ATLANTA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2KENNESAW
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0GA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1GA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2GA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd030082
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd130318
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd230160
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0LIBERTY CLASSICAL SCHOOLS EDUCATIONAL SE
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1ELLSWORTH OFFICE CLEANING
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2CHEF ADVANTAGE
IRS990/ContractorCompensationGrp/ServicesDesc0MANAGEMENT SERVICES
IRS990/ContractorCompensationGrp/ServicesDesc1JANITORIAL SERVICES
IRS990/ContractorCompensationGrp/ServicesDesc2FOOD SERVICE
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt09589939
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt022790
IRS990/CYOtherExpensesAmt03306820
IRS990/CYOtherRevenueAmt058815
IRS990/CYProgramServiceRevenueAmt0233150
IRS990/CYRevenuesLessExpensesAmt01129266
IRS990/CYSalariesCompEmpBnftPaidAmt05468608
IRS990/CYTotalExpensesAmt08775428
IRS990/CYTotalFundraisingExpenseAmt033071
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt09904694
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0669511
IRS990/DepreciationDepletionGrp/ProgramServicesAmt073854
IRS990/DepreciationDepletionGrp/TotalAmt0743365
IRS990/Desc0THIS IS THE SECOND YEAR OF PUBLIC CHARTER SCHOOL OPERATIONS FOR K-12 STUDENTS. THE MISSION OF THE ACADEMY IS TO DEVELOP STUDENTS IN MIND AND CHARACTER THROUGH A CLASSICAL, CONTENT-RICH CURRICULUM THAT EMPHASIZES THE PRINCIPLES OF VIRTUOUS LIVING, TRADITIONAL LEARNING, AND CIVIC RESPONSIBILITY. THE ACADEMY IS LOCATED IN KENNESAW, GEORGIA PROVIDING EDUCATION FOR OVER 500 STUDENTS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt0102
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt06237538
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt030168
IRS990/FeesForServicesAccountingGrp/TotalAmt030168
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt011525
IRS990/FeesForServicesLegalGrp/TotalAmt011525
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt0711153
IRS990/FeesForServicesManagementGrp/TotalAmt0711153
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt064302
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0293897
IRS990/FeesForServicesOtherGrp/TotalAmt0358199
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt021022
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0MATTHEW REGER
IRS990/Form990PartVIISectionAGrp/PersonNm1CAT MCAFEE
IRS990/Form990PartVIISectionAGrp/PersonNm2GREG SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm3MATT ALTMIX
IRS990/Form990PartVIISectionAGrp/PersonNm4DORIS MOSS
IRS990/Form990PartVIISectionAGrp/PersonNm5LEO SMITH
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0108842
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRINCIPAL
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5MEMBER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02020
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GovernmentGrantsAmt09327468
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt09904694
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt0151234
IRS990/InformationTechnologyGrp/TotalAmt0151234
IRS990/InsuranceGrp/ManagementAndGeneralAmt02975
IRS990/InsuranceGrp/ProgramServicesAmt067249
IRS990/InsuranceGrp/TotalAmt070224
IRS990/InterestGrp/ProgramServicesAmt092251
IRS990/InterestGrp/TotalAmt092251
IRS990/InvestmentIncomeGrp/ExclusionAmt022790
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt022790
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt017
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01393394
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05778712
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05682166
IRS990/LandBldgEquipCostOrOtherBssAmt07075560
IRS990/LegalDomicileStateCd0GA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO BE A NATIONALLY REGARDED K-12 CLASSICAL SCHOOL AND SERVE AS A LOCAL AND NATIONAL INCUBATOR FOR THE GROWTH AND PROMOTION OF CLASSICAL EDUCATION.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt06301966
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt05934141
IRS990/NetAssetsOrFundBalancesBOYAmt01013588
IRS990/NetAssetsOrFundBalancesEOYAmt02142854
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0507563
IRS990/OccupancyGrp/TotalAmt0507563
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt062592
IRS990/OfficeExpensesGrp/TotalAmt062592
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0709100
IRS990/OtherAssetsTotalGrp/EOYAmt05579021
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0480315
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0480315
IRS990/OtherExpensesGrp/Desc0CLASS MATERIALS
IRS990/OtherExpensesGrp/Desc1FOOD SERVICES
IRS990/OtherExpensesGrp/Desc2ATHLETICS
IRS990/OtherExpensesGrp/Desc3UNIFORMS & CLOTHING EXP
IRS990/OtherExpensesGrp/ProgramServicesAmt0328300
IRS990/OtherExpensesGrp/ProgramServicesAmt1118481
IRS990/OtherExpensesGrp/ProgramServicesAmt234100
IRS990/OtherExpensesGrp/ProgramServicesAmt323336
IRS990/OtherExpensesGrp/TotalAmt0328300
IRS990/OtherExpensesGrp/TotalAmt1118481
IRS990/OtherExpensesGrp/TotalAmt234100
IRS990/OtherExpensesGrp/TotalAmt323336
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt05446796
IRS990/OtherRevenueMiscGrp/BusinessCd0900009
IRS990/OtherRevenueMiscGrp/Desc0REFUNDS AND MISC INCOM
IRS990/OtherRevenueMiscGrp/ExclusionAmt058815
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt058815
IRS990/OtherRevenueTotalAmt058815
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0833600
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02500802
IRS990/OtherSalariesAndWagesGrp/TotalAmt03334402
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0807
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt022476
IRS990/PayrollTaxesGrp/ProgramServicesAmt063390
IRS990/PayrollTaxesGrp/TotalAmt086673
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0-523254
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0-251975
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01438160
IRS990/PensionPlanContributionsGrp/TotalAmt01438160
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt015270
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt015567
IRS990/PrincipalOfficerNm0MATTHEW REGER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2611110
IRS990/ProgramServiceRevenueGrp/Desc0ASP, SPORTS AND CLUB F
IRS990/ProgramServiceRevenueGrp/Desc1STUDENT SCHOOL SUPPLY
IRS990/ProgramServiceRevenueGrp/Desc2OTHER PROGRAM FEES
IRS990/ProgramServiceRevenueGrp/ExclusionAmt031615
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0189184
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt112351
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0189184
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt131615
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt212351
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt05908818
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0202
IRS990/PYOtherExpensesAmt02067035
IRS990/PYOtherRevenueAmt0140302
IRS990/PYProgramServiceRevenueAmt0185393
IRS990/PYRevenuesLessExpensesAmt01187215
IRS990/PYSalariesCompEmpBnftPaidAmt02980465
IRS990/PYTotalExpensesAmt05047500
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06234715
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01129266
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0201535
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
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/BuildingsGrp/BookValueAmt05256459
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01299708
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06556167
IRS990ScheduleD/EquipmentGrp/BookValueAmt0141103
IRS990ScheduleD/EquipmentGrp/DepreciationAmt023785
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0164888
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt08775428
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt05114618
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1464403
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS - PENSION
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1QBE RECEIVABLE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0284604
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt069901
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0354505
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05418591
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt128205
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED INFLOWS - PENSION
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt09904694
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS NO UNCERTAIN UNRELATED BUSINESS INCOME TAX LIABILITIES UNDER FIN 48 OR ASC 740.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05682166
IRS990ScheduleD/TotalBookValueOtherAssetsAmt05579021
IRS990ScheduleD/TotalExpensesPerForm990Amt08775428
IRS990ScheduleD/TotalLiabilityAmt05446796
IRS990ScheduleD/TotalRevenuePerForm990Amt09904694
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt09904694
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt08775428
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
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 RACIALLY NONDISCRIMINATORY POLICY IS PRINTED ON THE SCHOOL'S MARKETING MATERIALS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECEIVES FUNDING FROM THE ATLANTA PUBLIC SCHOOLS ("APS"). THIS FUNDING IS BASED ON THE STATE OF GEORGIA REIMBURSEMENTS TO APS FOR TEACHERS' SALARIES AND OPERATING COSTS THROUGH THE QUALITY BASIC EDUCATION ("QBE") FORMULA EARNINGS PROGRAM, IN ADDITION TO ALLOCATION OF REVENUES RAISED FROM LOCAL PROPERTY TAXES AND OTHER SOURCES. THE CHARTER SCHOOL ALSO RECEIVED FEDERAL ASSISTANCE UNDER CFDA.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION APPOINTS LIBERTY CLASSICAL SCHOOLS EDUCATIONAL SERVICES, INC. AS EXCLUSIVE AGENT FOR MANAGEMENT OF THE SCHOOL. THE DUTIES OF THE MANAGEMENT COMPANY INCLUDE, BUT ARE NOT LIMITED TO, FINANCE, INFORMATION TECHNOLOGY, HUMAN RESOURCES, AND OPERATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 WILL BE PROVIDED ELECTRONICALLY TO BOARD MEMBERS AND REVIEWED BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DIRECTORS ARE REQUIRED TO DISCLOSE ANY AND ALL POTENTIAL CONFLICTS OF INTEREST ANNUALLY; SUCH DISCLOSURES, IF ANY, ARE KEPT ON FILE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3IN COOPERATION WITH INTERNATIONAL SEARCH FIRM CARNEY SANDOE (BASED IN BOSTON), DR. BRIAN CARPENTER (EDUCATIONAL CONSULTANT) AND ALSO COMPARING COMP PACKAGES WITH LOCAL PUBLIC SCHOOL PRINCIPALS, THE BOARD DEVELOPED THE PRINCIPAL'S COMPENSATION PACKAGE. COMPENSATION FOR OTHER OFFICERS IS COMPARED TO INDUSTRY STANDARDS USING A NORMAL SEARCH WITH BROAD BENCHMARKS AND SUBJECT TO THE BOARD'S APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS ARE AVAILABLE VIA THE SCHOOL WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION RETAINED MAULDIN & JENKINS TO PERFORM AN AUDIT AND PREPARE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0GA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt07565455
IRS990/TotalAssetsEOYAmt013767176
IRS990/TotalAssetsGrp/BOYAmt07565455
IRS990/TotalAssetsGrp/EOYAmt013767176
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt09589939
IRS990/TotalEmployeeCnt0102
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt033071

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$13,767,176
Liabilities
$11,624,322
Net assets
$2,142,854
Revenue
$9,904,694
Expenses
$8,775,428
Net income
$1,129,266
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$38.8$37.4$1.39$13.2$13.7$0.46
2024Detailed filing. Detailed filing data is available for this year.$38.7$36.9$1.85$11.4$11.7$0.30
2023Detailed filing. Detailed filing data is available for this year.$13.8$11.6$2.14$9.90$8.78$1.13
2022Detailed filing. Detailed filing data is available for this year.$7.57$6.55$1.01$6.23$5.05$1.19