Civic Intelligence

Libertas Academies

EIN 87-4586839 • 501(c)3 • Forest City, NC

990-N CoverageNTEE B20

Profile

To operate a public sharter school in south carolina

PO Box 156Forest City, NC 28043-0156
Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

$20,591

No earlier filing loaded for comparison.

Liabilities

$111,224

No earlier filing loaded for comparison.

Net Assets

-$90,633

No earlier filing loaded for comparison.

Operations

Revenue

$118,276

No earlier filing loaded for comparison.

Expenses

$208,969

No earlier filing loaded for comparison.

Net Income

-$90,693

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

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

$200K$100K$0-$100KAssets 2023: $20,591Liabilities 2023: $111,224Net Assets 2023: -$90,6332023

Highlighted filing

2023

Assets$20,591
Liabilities$111,224
Net Assets-$90,633
Open 2023 Filing

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2023: $118,276Expenses 2023: $208,969Net Income 2023: -$90,6932023

Highlighted filing

2023

Revenue$118,276
Expenses$208,969
Net Income-$90,693
Open 2023 Filing

Filings

Most recent year

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

Open filing
Assets
$20,591
Liabilities
$111,224
Net assets
-$90,633
Revenue
$118,276
Expenses
$208,969
Net income
-$90,693
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.21$1.11$0.91$1.18$2.09$0.91
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Aug 1, 2022 to Jun 30, 2023
Signed
May 15, 2024
Return Version
2022v5.0
Gross Receipts
$118,276
Mission and Program Overview

Mission

To operate a public sharter school in south carolina

Program Services

DescriptionGrantsExpenses
START-UP OF A PUBLIC CHARTER SCHOOL ON SOUTH CAROLINA$0$208,969
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
KEITH COONESChair-$0--
JORDAN LANIERBoard Member-$0--
RICHARD POWERSBoard Member-$0--
STEVE WARDBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Libertas Academies
EIN
87-4586839
Phone
8645806171
Address
PO BOX 156, FOREST CITY, NC 28043-0156

Signing Officer

Name
Keith Coones
Title
Board Chair
Phone
8645806171
Signed
2024-05-15
Discuss with paid preparer
Yes

Preparer

Firm
Martin Smith & Company Cpas Pa
Address
1212 HAYWOOD ROAD BLDG 100, GREENVILLE, SC 29615-2200
Preparer
David a Smith
Phone
8642321040
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: advertising. Amount: 89,119. Description: educational services. Amount: 7,495. Description: miscellaneous expenses. Amount: 1,122. Total to form 990-ez, line 16: 97,736.”

Form 990-ez, Part II, Line 26 - Other Liabilities

“Description: accounts payable. Beg. Of year amount: 0. End of year amount: 111,224.”

Raw XML Appendix153 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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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0EMPLOYEE HANDBOOK; STUDENT HANDBOOK; APPLICATION FOR ENROLLMENT
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION IS A PUBLIC CHARTER SCHOOL AND DOES NOT OFFER SCHOLARSHIPS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE SCHOOL RECEIVES APPROXIMATELY $99,999,999 IN FEDERAL AND STATE AID.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
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IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: ADVERTISING. AMOUNT: 89,119. DESCRIPTION: EDUCATIONAL SERVICES. AMOUNT: 7,495. DESCRIPTION: MISCELLANEOUS EXPENSES. AMOUNT: 1,122. TOTAL TO FORM 990-EZ, LINE 16: 97,736.
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TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
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ReturnHeader/TaxPeriodBeginDt02022-08-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

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