Civic Intelligence

Libertas Academies

990EZ • Fiscal year 2023 • EIN 87-4586839

Aug 01, 2022 to Jun 30, 2023 • Filed on May 15, 2024

Organization Profile

View Organization Page

PO Box 156Forest City, NC 28043-0156

(864) 580-6171

Siviq Scores

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

Liabilities / Assets

98th percentile

5.40x

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

2023 filings • NTEE B20 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

92nd percentile

0.94x

Higher debt load relative to revenue than 92% of similar nonprofits.

2023 filings • NTEE B20 • <$500k nonprofits • Source year 2023

Net Margin

7th percentile

-77%

Higher net margin than 7% of similar nonprofits.

2023 filings • NTEE B20 • <$500k nonprofits • Source year 2023

Top Officer Pay

67th percentile

$0

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • NTEE B20 • <$500k nonprofits • Source year 2023

Asset Growth

Score unavailable

No value available

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

Source year 2023

Revenue Growth

Score unavailable

No value available

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

Source year 2023

Balance Sheet
Liabilities / Assets98th percentile

Assets

$20,591

No earlier filing loaded for comparison.

Net Assets

-$90,633

No earlier filing loaded for comparison.

Liabilities

$111,224

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin7th percentile

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.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$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 GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this 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
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
Top Officer Pay67th percentile

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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0OFFICE
IRS990EZ/BooksInCareOfDetail/PhoneNum08645806171
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 156
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0FOREST CITY
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd0280430156
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt060
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt020591
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
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IRS990EZ/GrossReceiptsAmt0118276
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt060
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-90633
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt060
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0-90633
IRS990EZ/OccupancyRentUtltsAndMaintAmt088660
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0KEITH COONES
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1JORDAN LANIER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2RICHARD POWERS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3STEVE WARD
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CHAIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3BOARD MEMBER
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt097736
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0TO OPERATE A PUBLIC SHARTER SCHOOL IN SOUTH CAROLINA
IRS990EZ/PrintingPublicationsPostageAmt022573
IRS990EZ/ProgramServiceRevenueAmt011272
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0START-UP OF A PUBLIC CHARTER SCHOOL ON SOUTH CAROLINA
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0208969
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd01
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0111224
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt0208969
IRS990EZ/TotalProgramServiceExpensesAmt0208969
IRS990EZ/TotalRevenueAmt0118276
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd01
IRS990ScheduleE/DiscriminateRaceAthltProgInd01
IRS990ScheduleE/DiscriminateRaceEducPlcyInd01
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd01
IRS990ScheduleE/DiscriminateRaceOtherActyInd01
IRS990ScheduleE/DiscriminateRaceSchsInd01
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd01
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd01
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
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
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 111,224.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
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.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KEITH COONES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum08645806171
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LIBERTAS ACADEMIES
ReturnHeader/Filer/BusinessNameControlTxt0LIBE
ReturnHeader/Filer/EIN0874586839
ReturnHeader/Filer/PhoneNum08645806171
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 156
ReturnHeader/Filer/USAddress/CityNm0FOREST CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd0280430156
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0260793942
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MARTIN SMITH & COMPANY CPAS PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01212 HAYWOOD ROAD BLDG 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GREENVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0296152200
ReturnHeader/PreparerPersonGrp/PhoneNum08642321040
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID A SMITH
ReturnHeader/ReturnTs02024-05-15T08:35:21-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KEITH
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0COONES
ReturnHeader/TaxPeriodBeginDt02022-08-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed 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