Lionheart Classical Academy Chartered Public School

990 • Fiscal year 2023 • EIN 87-4598419

Jul 01, 2022 to Jun 30, 2023 • Filed on Nov 15, 2023

Organization Profile WWW.LIONHEARTCLASSICAL.ORG

10 Sharon RoadPeterborough, NH 03458

(603) 602-1560

Siviq Scores

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

0.81x

Higher debt load relative to assets than 87% of similar nonprofits.

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

2.99x

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

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

28%

Higher net margin than 82% of similar nonprofits.

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

$86,538

Higher top officer pay than 19% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

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

12%

Faster asset growth than 67% of similar nonprofits.

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

122%

Faster revenue growth than 94% of similar nonprofits.

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

Balance Sheet

Liabilities / Assets87th percentile

Assets

$12,424,481

Up $1,379,884 (+12%) from 2022

Net Assets

$2,422,184

Up $1,567,265 (+183%) from 2022

Liabilities

Down

$10,002,297

Down $187,381 (-1.8%) from 2022

Revenue And Expenses

Liabilities / Revenue92nd percentile Net Margin82nd percentile

Revenue

$3,340,092

Up $1,836,328 (+122%) from 2022

Expenses

$2,390,271

Up $1,630,349 (+215%) from 2022

Net Income

$949,821

Up $205,979 (+28%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth67th percentile

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

Highlighted filing

2023

Assets$12,424,481

Liabilities$10,002,297

Net Assets$2,422,184

Open 2023 Filing

Operations Trend

Revenue Growth94th percentile

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

Highlighted filing

2023

Revenue$3,340,092

Expenses$2,390,271

Net Income$949,821

Open 2023 Filing

Jump To

Filing Snapshot

Filing Period: Jul 1, 2022 to Jun 30, 2023
Signed: Nov 15, 2023
Return Version: 2022v5.0
Gross Receipts: $3,364,882

Mission and Program Overview

Mission

The mission is to train the minds and inspire the hearts of students through a classical liberal arts and sciences education that supports academic achievement, virtuous living, and responsible citizenship.

Lionheart classical academy is a public charter school for grades k-6 that is free & open to nh kids.

Balance Sheet Detail

Line	Beginning	End	Change
Assets
Land, Buildings, and Equipment, Net	$926,979	$1,916,472	▲ $989,493
Cash and Non-Interest-Bearing Accounts	$538,350	$648,503	▲ $110,153
Investments in Publicly Traded Securities	$0	$644,000	▲ $644,000
Pledges and Grants Receivable	$485,148	$479,876	▼ $5,272
Prepaid Expenses and Deferred Charges	$93,031	$30,147	▼ $62,884
Total Assets	$11,044,597	$12,424,481	▲ $1,379,884
Other Assets Total	$9,001,089	$8,705,483	▼ $295,606
Liabilities
Other Liabilities	$9,488,072	$9,437,908	▼ $50,164
Accounts Payable and Accrued Expenses	$695,606	$564,389	▼ $131,217
Deferred Revenue	$6,000	$0	▼ $6,000
Total Liabilities	$10,189,678	$10,002,297	▼ $187,381
Net Assets / Fund Balance
Net Assets Without Donor Restrictions	$853,219	$2,147,184	▲ $1,293,965
Net Assets With Donor Restrictions	$1,700	$275,000	▲ $273,300
Total Net Assets Fund Balance	$854,919	$2,422,184	▲ $1,567,265
Total Liabilities and Net Assets / Fund Balance	$11,044,597	$12,424,481	▲ $1,379,884

Asset Categories

Asset	Book Value	Depreciation	Basis
Leasehold Improvements	$1,459,895	$63,474	$1,523,369
Equipment	$345,407	$113,782	$459,189
Other Land Buildings	$111,170	$805	$111,975
Other Assets Org	$59,392	-	-

Compensation and Service Providers

Top Officer Pay19th percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
Kerry Bedard	Executive Director	FT	$86,538	-	$86,538
Kimberly Lavallee	Vice Chair / Treasurer	PT	-	$45,000	$45,000

Board Members and Trustees

Name	Title
Barry Tanner	Chair
Leo Plante	Trustee
Andrew Alajajian	Member
Bailey Sweet	Member
Kevin Mcdonald	Member
Richard Merkt	Secretary

Revenue and Support

Revenue Composition

Contributions and Grants: $1,741,500
Program Service Revenue: $1,499,190
Investment Income: $0
Other Revenue: $99,402
All Other Contributions: $1,189,831
Change in Net Assets: $949,821

Noncash Contribution Practices

Property subject to holding requirements: No
Reviewed unusual noncash gifts: No
Third parties used for noncash contributions: No

Noncash Contributions

Contribution Type	Contribution Count	Reported Amount	Valuation Method
Securities Publicly Traded	100,000	$19,000	Fair Market Value (FMV)
Other Non Cash Contri Table	1	$6,240	Cost
Other Non Cash Contri Table	1	$4,375	Cost
Total Noncash Contributions	100,002	$29,615	-

Audited Revenue Reconciliation

Revenue per Audited Statements: $3,364,882
Revenue Not Reported on Financial Statements: $-24,790
Revenue Not Reported on Form 990: $14,518
Other Revenue Adjustments: $-24,790
Total Revenue per Audited Statements: $3,379,400
Total Revenue per Form 990: $3,340,092

Expenses and Functional Allocation

Major Expense Lines

Line Item	Amount
Other Expenses	$1,354,247
Salaries, Compensation, and Employee Benefits	$1,036,024
Grants and Similar Amounts Paid	$0
Professional Fundraising Fees	$0
Total Fundraising Expense	$0

Functional Expense Allocation

Line Item	Program	Management	Fundraising	Total
Other Salaries and Wages	$592,235	$209,827	-	$802,062
Depreciation Depletion	$560,957	-	-	$560,957
Interest	$432,994	-	-	$432,994
Occupancy	$115,801	-	-	$115,801
Office Expenses	$87,593	$15,871	-	$103,464
Current Officers, Directors, Trustees, and Key Employees	$100,000	-	-	$100,000
Payroll Taxes	$64,247	$17,748	-	$81,995
Fees for Services Other	$32,021	$30,128	-	$62,149
Other Employee Benefits	$39,362	$12,605	-	$51,967
Fees for Services Accounting	-	$25,900	-	$25,900
Information Technology	$22,779	-	-	$22,779
Insurance	$16,209	$1,227	-	$17,436
Fees for Services Legal	-	$11,380	-	$11,380
Advertising	-	$1,122	-	$1,122
Travel	$240	$25	-	$265
Total Functional Expenses	$2,064,438	$325,833	$0	$2,390,271

Audited Expense Reconciliation

Line Item	Amount
Total Expenses per Audited Statements	$2,423,339
Expenses per Audited Statements	$2,390,271
Total Expenses per Form 990	$2,390,271
Expenses Not Reported on Form 990	$33,068
Expenses Not Reported on Financial Statements	$0

Fundraising, Events, and Gaming

Fundraising activities: Yes
Gaming activities: No
Professional fundraiser used: No

Fundraising and Gaming Totals

Line Item	Amount
Fundraising Gross Income	$124,192
Fundraising Direct Expenses	$24,790
Professional Fundraising Fees	$0

Fundraising Events

Event	Gross Receipts	Gross Revenue	Direct Expenses	Net Income
Auction Fundraiser Tickets	$64,050	$64,050	$210	$63,840
Annual Fundraiser Event	$38,402	$38,402	$155	$38,247
Total Events	$123,502	$123,502	$18,607	$104,895

Political and Lobbying Activity

Political campaign activity: No
Lobbying activity: No
Subject to proxy tax: No

Related Organizations and Partnerships

Related Tax-Exempt Organizations

Organization	Location	Activity	Code	Public Charity	Controlled
The Founders Academy Foundation	Manchester, NH	Support the Establishment and Ongoing Operations of Charter Schools	501(c)(3)	Line 2	No

Transactions with Related Organizations

Organization	Type	Method	Amount
The Founders Academy Foundation	C	Cash Contribution	$481,388
The Founders Academy Foundation	J	Noncash Contribution for Rental	$6,240

Debt and Bond Financing

Other Reported Liabilities

Liability	Amount
Lease Liability	$9,237,908
Line of Credit	$200,000

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: 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

“The form 990 was reviewed by the board in detail prior to filing. Questions were addressed to the preparer and resolved timely. A final draft version of the return was provided to the full board prior to filing.”

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

“All board members must declare any conflict of interest on a yearly basis to the board. When a conflict of interest or potential conflict of interest arises the event is disclosed to the board and a board vote is taken should it be needed.”

Form 990, Part VI, Section C, Line 19

“Lionheart posts policies and monthly financials on the website with the agenda in minutes. Policies have their own section the website.”

Filing and Contact Details

Filer

Filer Name: Lionheart Classical Academy
EIN: 87-4598419
Phone: 6036021560
Address: 10 SHARON ROAD, PETERBOROUGH, NH 03458

Signing Officer

Name: Barry Tanner
Title: Board Chair
Phone: 6036021560
Signed: 2023-11-15
Discuss with paid preparer: Yes

Organization Details

Principal Officer: Barry Tanner
Formed: 2021
Legal Domicile: Nh
Voting Board Members: 7
Independent Board Members: 7
Employees: 33
Volunteers: 59

Preparer

Firm: Nathan Wechsler & Company Pa
Address: 70 COMMERCIAL STREET 4TH FLOOR, CONCORD, NH 03301
Preparer: KELLI D'AMORE
Phone: 6032245357

Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“No changes have been made from preivous year”

Page 12, Part XI, Line 8

“Adjustment from prior period consists of $1,000,000 adjustment to the prior year pledge receivable and $13,796 adjustment to the prior year lease liability accounts netting $986,204”

Financial Statement Notes

PART X, LINE 2:

“The school has adopted the provisions of fasb asc 740, accounting for uncertainty in income taxes. Accordingly, management has evaluated the school's tax positions and concluded the school had maintained its tax-exempt status, does not have any significant unrelated business income and had taken no uncertain tax positions that require adjustment or disclosure in the financial statements.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Direct fundraising expenses -24,790.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Direct fundraising expenses 24,790.”

Raw XML AppendixShowing 400 of 529 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/AccountantCompileOrReviewInd	0	0
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt	0	695606
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt	0	564389
IRS990/ActivitiesConductedPrtshpInd	0	0
IRS990/ActivityOrMissionDesc	0	LIONHEART CLASSICAL ACADEMY IS A PUBLIC CHARTER SCHOOL FOR GRADES K-6 THAT IS FREE & OPEN TO NH KIDS.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt	0	1122
IRS990/AdvertisingGrp/TotalAmt	0	1122
IRS990/AllOtherContributionsAmt	0	1189831
IRS990/AnnualDisclosureCoveredPrsnInd	0	1
IRS990/AuditCommitteeInd	0	1
IRS990/BackupWthldComplianceInd	0	1
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt	0	KERRY LOCKE BEDARD
IRS990/BooksInCareOfDetail/PhoneNum	0	6036021560
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt	0	10 SHARON RD
IRS990/BooksInCareOfDetail/USAddress/CityNm	0	PETERBOROUGH
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd	0	NH
IRS990/BooksInCareOfDetail/USAddress/ZIPCd	0	03458
IRS990/BusinessRlnWith35CtrlEntInd	0	0
IRS990/BusinessRlnWithFamMemInd	0	0
IRS990/BusinessRlnWithOrgMemInd	0	0
IRS990/CashNonInterestBearingGrp/BOYAmt	0	538350
IRS990/CashNonInterestBearingGrp/EOYAmt	0	648503
IRS990/ChangeToOrgDocumentsInd	0	0
IRS990/CntrctRcvdGreaterThan100KCnt	0	0
IRS990/CollectionsOfArtInd	0	0
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt	0	100000
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt	0	100000
IRS990/CompensationFromOtherSrcsInd	0	0
IRS990/CompensationProcessCEOInd	0	0
IRS990/CompensationProcessOtherInd	0	0
IRS990/ConflictOfInterestPolicyInd	0	1
IRS990/ConservationEasementsInd	0	0
IRS990/ConsolidatedAuditFinclStmtInd	0	0
IRS990/CreditCounselingInd	0	0
IRS990/CYBenefitsPaidToMembersAmt	0	0
IRS990/CYContributionsGrantsAmt	0	1741500
IRS990/CYGrantsAndSimilarPaidAmt	0	0
IRS990/CYInvestmentIncomeAmt	0	0
IRS990/CYOtherExpensesAmt	0	1354247
IRS990/CYOtherRevenueAmt	0	99402
IRS990/CYProgramServiceRevenueAmt	0	1499190
IRS990/CYRevenuesLessExpensesAmt	0	949821
IRS990/CYSalariesCompEmpBnftPaidAmt	0	1036024
IRS990/CYTotalExpensesAmt	0	2390271
IRS990/CYTotalFundraisingExpenseAmt	0	0
IRS990/CYTotalProfFndrsngExpnsAmt	0	0
IRS990/CYTotalRevenueAmt	0	3340092
IRS990/DecisionsSubjectToApprovaInd	0	0
IRS990/DeductibleArtContributionInd	0	0
IRS990/DeductibleNonCashContriInd	0	1
IRS990/DeferredRevenueGrp/BOYAmt	0	6000
IRS990/DeferredRevenueGrp/EOYAmt	0	0
IRS990/DelegationOfMgmtDutiesInd	0	0
IRS990/DepreciationDepletionGrp/ProgramServicesAmt	0	560957
IRS990/DepreciationDepletionGrp/TotalAmt	0	560957
IRS990/Desc	0	LIONHEART CLASSICAL ACADEMY OPENED FOR ENROLLMENT FOR THE 2022-2023 SCHOOL YEAR. OUR MISSION IS TO TRAIN THE MINDS AND INSPIRE THE HEARTS OF OUR STUDENTS THROUGH A CLASSICAL LIBERAL ARTS AND SCIENCES EDUCATION THAT SUPPORTS ACADEMIC ACHIEVEMENT, VIRTUOUS LIVING, AND RESPONSIBLE CITIZENSHIP.
IRS990/DescribedInSection501c3Ind	0	1
IRS990/DisregardedEntityInd	0	0
IRS990/DocumentRetentionPolicyInd	0	0
IRS990/DonatedServicesAndUseFcltsAmt	0	6240
IRS990/DonorAdvisedFundInd	0	0
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt	0	1700
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt	0	275000
IRS990/DonorRstrOrQuasiEndowmentsInd	0	0
IRS990/ElectionOfBoardMembersInd	0	0
IRS990/EmployeeCnt	0	33
IRS990/EmploymentTaxReturnsFiledInd	0	1
IRS990/EngagedInExcessBenefitTransInd	0	0
IRS990/ExpenseAmt	0	2064438
IRS990/FamilyOrBusinessRlnInd	0	0
IRS990/FederalGrantAuditRequiredInd	0	0
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt	0	25900
IRS990/FeesForServicesAccountingGrp/TotalAmt	0	25900
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt	0	11380
IRS990/FeesForServicesLegalGrp/TotalAmt	0	11380
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt	0	30128
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt	0	32021
IRS990/FeesForServicesOtherGrp/TotalAmt	0	62149
IRS990/ForeignActivitiesInd	0	0
IRS990/ForeignFinancialAccountInd	0	0
IRS990/ForeignOfficeInd	0	0
IRS990/Form8282PropertyDisposedOfInd	0	0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt	0	15.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt	0	10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt	1	3.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt	2	3.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt	3	10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt	4	3.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt	5	3.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt	6	3.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt	7	40.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd	0	X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd	1	X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd	2	X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd	3	X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd	4	X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd	5	X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd	6	X
IRS990/Form990PartVIISectionAGrp/OfficerInd	0	X
IRS990/Form990PartVIISectionAGrp/OfficerInd	1	X
IRS990/Form990PartVIISectionAGrp/OfficerInd	2	X
IRS990/Form990PartVIISectionAGrp/OfficerInd	3	X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	0	45000
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	1	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	2	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	3	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	4	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	5	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	6	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	7	0
IRS990/Form990PartVIISectionAGrp/PersonNm	0	KIMBERLY LAVALLEE
IRS990/Form990PartVIISectionAGrp/PersonNm	1	RICHARD MERKT
IRS990/Form990PartVIISectionAGrp/PersonNm	2	LEO PLANTE
IRS990/Form990PartVIISectionAGrp/PersonNm	3	BARRY TANNER
IRS990/Form990PartVIISectionAGrp/PersonNm	4	ANDREW ALAJAJIAN
IRS990/Form990PartVIISectionAGrp/PersonNm	5	BAILEY SWEET
IRS990/Form990PartVIISectionAGrp/PersonNm	6	KEVIN MCDONALD
IRS990/Form990PartVIISectionAGrp/PersonNm	7	KERRY BEDARD
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt	0	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt	1	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt	2	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt	3	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt	4	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt	5	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt	6	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt	7	86538
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt	0	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt	1	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt	2	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt	3	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt	4	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt	5	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt	6	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt	7	0
IRS990/Form990PartVIISectionAGrp/TitleTxt	0	VICE CHAIR / TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt	1	SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt	2	TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt	3	CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt	4	MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt	5	MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt	6	MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt	7	EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd	0	1
IRS990/FormationYr	0	2021
IRS990/FormerOfcrEmployeesListedInd	0	0
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd	0	X
IRS990/FSAuditedInd	0	1
IRS990/FundraisingActivitiesInd	0	1
IRS990/FundraisingDirectExpensesAmt	0	24790
IRS990/FundraisingGrossIncomeAmt	0	124192
IRS990/GamingActivitiesInd	0	0
IRS990/GoverningBodyVotingMembersCnt	0	7
IRS990/GovernmentGrantsAmt	0	551669
IRS990/GrantsToIndividualsInd	0	0
IRS990/GrantsToOrganizationsInd	0	0
IRS990/GrantToRelatedPersonInd	0	0
IRS990/GrossReceiptsAmt	0	3364882
IRS990/GroupReturnForAffiliatesInd	0	0
IRS990/IncludeFIN48FootnoteInd	0	1
IRS990/IndependentAuditFinclStmtInd	0	1
IRS990/IndependentVotingMemberCnt	0	7
IRS990/IndivRcvdGreaterThan100KCnt	0	0
IRS990/IndoorTanningServicesInd	0	0
IRS990/InfoInScheduleOPartVIInd	0	X
IRS990/InfoInScheduleOPartXIIInd	0	X
IRS990/InformationTechnologyGrp/ProgramServicesAmt	0	22779
IRS990/InformationTechnologyGrp/TotalAmt	0	22779
IRS990/InsuranceGrp/ManagementAndGeneralAmt	0	1227
IRS990/InsuranceGrp/ProgramServicesAmt	0	16209
IRS990/InsuranceGrp/TotalAmt	0	17436
IRS990/InterestGrp/ProgramServicesAmt	0	432994
IRS990/InterestGrp/TotalAmt	0	432994
IRS990/InvestmentInJointVentureInd	0	0
IRS990/InvestmentsPubTradedSecGrp/BOYAmt	0	0
IRS990/InvestmentsPubTradedSecGrp/EOYAmt	0	644000
IRS990/IRPDocumentCnt	0	2
IRS990/IRPDocumentW2GCnt	0	0
IRS990/LandBldgEquipAccumDeprecAmt	0	178061
IRS990/LandBldgEquipBasisNetGrp/BOYAmt	0	926979
IRS990/LandBldgEquipBasisNetGrp/EOYAmt	0	1916472
IRS990/LandBldgEquipCostOrOtherBssAmt	0	2094533
IRS990/LegalDomicileStateCd	0	NH
IRS990/LoanOutstandingInd	0	0
IRS990/LobbyingActivitiesInd	0	0
IRS990/LocalChaptersInd	0	0
IRS990/MaterialDiversionOrMisuseInd	0	0
IRS990/MembersOrStockholdersInd	0	0
IRS990/MethodOfAccountingAccrualInd	0	X
IRS990/MinutesOfCommitteesInd	0	1
IRS990/MinutesOfGoverningBodyInd	0	1
IRS990/MissionDesc	0	THE MISSION IS TO TRAIN THE MINDS AND INSPIRE THE HEARTS OF STUDENTS THROUGH A CLASSICAL LIBERAL ARTS AND SCIENCES EDUCATION THAT SUPPORTS ACADEMIC ACHIEVEMENT, VIRTUOUS LIVING, AND RESPONSIBLE CITIZENSHIP.
IRS990/MoreThan5000KToIndividualsInd	0	0
IRS990/MoreThan5000KToOrgInd	0	0
IRS990/NetAssetsOrFundBalancesBOYAmt	0	854919
IRS990/NetAssetsOrFundBalancesEOYAmt	0	2422184
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt	0	99402
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt	0	99402
IRS990/NetUnrelatedBusTxblIncmAmt	0	0
IRS990/NetUnrlzdGainsLossesInvstAmt	0	-375000
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt	0	853219
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt	0	2147184
IRS990/NoncashContributionsAmt	0	23375
IRS990/NondeductibleContributionsInd	0	0
IRS990/OccupancyGrp/ProgramServicesAmt	0	115801
IRS990/OccupancyGrp/TotalAmt	0	115801
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt	0	15871
IRS990/OfficeExpensesGrp/ProgramServicesAmt	0	87593
IRS990/OfficeExpensesGrp/TotalAmt	0	103464
IRS990/OfficerMailingAddressInd	0	0
IRS990/OperateHospitalInd	0	0
IRS990/Organization501c3Ind	0	X
IRS990/OrganizationFollowsFASB117Ind	0	X
IRS990/OtherAssetsTotalGrp/BOYAmt	0	9001089
IRS990/OtherAssetsTotalGrp/EOYAmt	0	8705483
IRS990/OtherChangesInNetAssetsAmt	0	0
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt	0	12605
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt	0	39362
IRS990/OtherEmployeeBenefitsGrp/TotalAmt	0	51967
IRS990/OtherLiabilitiesGrp/BOYAmt	0	9488072
IRS990/OtherLiabilitiesGrp/EOYAmt	0	9437908
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt	0	209827
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt	0	592235
IRS990/OtherSalariesAndWagesGrp/TotalAmt	0	802062
IRS990/PartialLiquidationInd	0	0
IRS990/PayPremiumsPrsnlBnftCntrctInd	0	0
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt	0	17748
IRS990/PayrollTaxesGrp/ProgramServicesAmt	0	64247
IRS990/PayrollTaxesGrp/TotalAmt	0	81995
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt	0	485148
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt	0	479876
IRS990/PoliticalCampaignActyInd	0	0
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt	0	93031
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt	0	30147
IRS990/PrincipalOfficerNm	0	BARRY TANNER
IRS990/PriorPeriodAdjustmentsAmt	0	986204
IRS990/ProfessionalFundraisingInd	0	0
IRS990/ProgramServiceRevenueGrp/BusinessCd	0	611110
IRS990/ProgramServiceRevenueGrp/BusinessCd	1	611110
IRS990/ProgramServiceRevenueGrp/BusinessCd	2	611110
IRS990/ProgramServiceRevenueGrp/Desc	0	STATE PER PUPIL AID
IRS990/ProgramServiceRevenueGrp/Desc	1	SPECIAL EDUCATION
IRS990/ProgramServiceRevenueGrp/Desc	2	STUDENT ACTIVITIES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	0	1444625
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	1	38738
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	2	6487
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	0	1444625
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	1	38738
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	2	6487
IRS990/ProhibitedTaxShelterTransInd	0	0
IRS990/PYBenefitsPaidToMembersAmt	0	0
IRS990/PYContributionsGrantsAmt	0	1503764
IRS990/PYExcessBenefitTransInd	0	0
IRS990/PYGrantsAndSimilarPaidAmt	0	0
IRS990/PYInvestmentIncomeAmt	0	0
IRS990/PYOtherExpensesAmt	0	679703
IRS990/PYOtherRevenueAmt	0	0
IRS990/PYProgramServiceRevenueAmt	0	0
IRS990/PYRevenuesLessExpensesAmt	0	743842
IRS990/PYSalariesCompEmpBnftPaidAmt	0	80219
IRS990/PYTotalExpensesAmt	0	759922
IRS990/PYTotalProfFndrsngExpnsAmt	0	0
IRS990/PYTotalRevenueAmt	0	1503764
IRS990/QuidProQuoContributionsInd	0	0
IRS990/RcvFndsToPayPrsnlBnftCntrctInd	0	0
IRS990/ReconcilationRevenueExpnssAmt	0	949821
IRS990/RegularMonitoringEnfrcInd	0	1
IRS990/RelatedEntityInd	0	1
IRS990/RelatedOrganizationCtrlEntInd	0	1
IRS990/ReportInvestmentsOtherSecInd	0	0
IRS990/ReportLandBuildingEquipmentInd	0	1
IRS990/ReportOtherAssetsInd	0	1
IRS990/ReportOtherLiabilitiesInd	0	1
IRS990/ReportProgramRelatedInvstInd	0	0
IRS990/RevenueAmt	0	1499190
IRS990ScheduleA/SchoolInd	0	X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt	0	RESTRICTED
IRS990/ScheduleBRequiredInd	0	1
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt	0	14518
IRS990ScheduleD/DonatedServicesUseFcltsAmt	0	8278
IRS990ScheduleD/EquipmentGrp/BookValueAmt	0	345407
IRS990ScheduleD/EquipmentGrp/DepreciationAmt	0	113782
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt	0	459189
IRS990ScheduleD/ExpensesNotReportedAmt	0	33068
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt	0	0
IRS990ScheduleD/ExpensesSubtotalAmt	0	2390271
IRS990ScheduleD/FootnoteTextInd	0	X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt	0	1459895
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt	0	63474
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt	0	1523369
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt	0	8611821
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt	1	34270
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt	2	59392
IRS990ScheduleD/OtherAssetsOrgGrp/Desc	0	RIGHT OF USE ASSET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc	1	SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc	2	LEASE ASSETS - SBITAS
IRS990ScheduleD/OtherExpensesIncludedAmt	0	24790
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt	0	111170
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt	0	805
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt	0	111975
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	0	9237908
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	1	200000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc	0	LEASE LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc	1	LINE OF CREDIT
IRS990ScheduleD/OtherRevenuesNotIncludedAmt	0	-24790
IRS990ScheduleD/RevenueNotReportedAmt	0	14518
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt	0	-24790
IRS990ScheduleD/RevenueSubtotalAmt	0	3364882
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt	0	THE SCHOOL HAS ADOPTED THE PROVISIONS OF FASB ASC 740, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. ACCORDINGLY, MANAGEMENT HAS EVALUATED THE SCHOOL'S TAX POSITIONS AND CONCLUDED THE SCHOOL HAD MAINTAINED ITS TAX-EXEMPT STATUS, DOES NOT HAVE ANY SIGNIFICANT UNRELATED BUSINESS INCOME AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt	1	DIRECT FUNDRAISING EXPENSES -24,790.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt	2	DIRECT FUNDRAISING EXPENSES 24,790.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc	0	PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc	1	PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc	2	PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt	0	1916472
IRS990ScheduleD/TotalBookValueOtherAssetsAmt	0	8705483
IRS990ScheduleD/TotalExpensesPerForm990Amt	0	2390271
IRS990ScheduleD/TotalLiabilityAmt	0	9437908
IRS990ScheduleD/TotalRevenuePerForm990Amt	0	3340092
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt	0	3379400
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt	0	2423339
IRS990ScheduleE/ComplianceWithRevProc7550Ind	0	1
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd	0	0
IRS990ScheduleE/DiscriminateRaceAthltProgInd	0	0
IRS990ScheduleE/DiscriminateRaceEducPlcyInd	0	0
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd	0	0
IRS990ScheduleE/DiscriminateRaceOtherActyInd	0	0
IRS990ScheduleE/DiscriminateRaceSchsInd	0	0
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd	0	0
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd	0	0
IRS990ScheduleE/GovernmentFinancialAidRcvdInd	0	0
IRS990ScheduleE/GovernmentFinancialAidRvkdInd	0	0
IRS990ScheduleE/MaintainCpyOfAllSolInd	0	1
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd	0	1
IRS990ScheduleE/MaintainRacialCompRecsInd	0	1
IRS990ScheduleE/MaintainScholarshipsRecsInd	0	1
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd	0	1
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd	0	1
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd	0	1
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt	0	THE SCHOOL'S NOTICE OF NONDISCRIMINATION POLICY AS TO STUDENTS IS STATED ON THE SCHOOL'S WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc	0	SCHEDULE E, PART I, LINE 3
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt	0	18607
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm	0	ANNUAL FUNDRAISER EVENT
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm	0	AUCTION FUNDRAISER TICKETS
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt	0	4863
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageOtherEventsAmt	0	8254
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt	0	13117
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt	0	38402
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt	0	64050
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt	0	21050
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt	0	123502
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt	0	38402
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt	0	64050
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt	0	21050
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt	0	123502
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt	0	104895
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt	0	365
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt	0	155
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt	0	210
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt	0	1
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt	0	5125
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt	0	5125
IRS990/ScheduleJRequiredInd	0	0
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd	0	0
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt	0	1
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt	1	1
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc	0	FACILITY RENTAL
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc	1	TENT RENTAL
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt	0	COST
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt	1	COST
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd	0	X
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd	1	X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt	0	6240
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt	1	4375
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd	0	0
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt	0	100000
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt	0	FMV
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd	0	X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt	0	19000
IRS990ScheduleM/ThirdPartiesUsedInd	0	0
IRS990/ScheduleORequiredInd	0	1
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	THE FORM 990 WAS REVIEWED BY THE BOARD IN DETAIL PRIOR TO FILING. QUESTIONS WERE ADDRESSED TO THE PREPARER AND RESOLVED TIMELY. A FINAL DRAFT VERSION OF THE RETURN WAS PROVIDED TO THE FULL BOARD PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	ALL BOARD MEMBERS MUST DECLARE ANY CONFLICT OF INTEREST ON A YEARLY BASIS TO THE BOARD. WHEN A CONFLICT OF INTEREST OR POTENTIAL CONFLICT OF INTEREST ARISES THE EVENT IS DISCLOSED TO THE BOARD AND A BOARD VOTE IS TAKEN SHOULD IT BE NEEDED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	LIONHEART POSTS POLICIES AND MONTHLY FINANCIALS ON THE WEBSITE WITH THE AGENDA IN MINUTES. POLICIES HAVE THEIR OWN SECTION THE WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	3	NO CHANGES HAVE BEEN MADE FROM PREIVOUS YEAR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	4	ADJUSTMENT FROM PRIOR PERIOD CONSISTS OF $1,000,000 ADJUSTMENT TO THE PRIOR YEAR PLEDGE RECEIVABLE AND $13,796 ADJUSTMENT TO THE PRIOR YEAR LEASE LIABILITY ACCOUNTS NETTING $986,204
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	1	FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	2	FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	3	FORM 990, PART XII, LINE 2C:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	4	PAGE 12, PART XI, LINE 8
IRS990ScheduleR/AssetExchangeInd	0	0
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd	0	0
IRS990ScheduleR/AssetSaleToOtherOrgInd	0	0

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: $12,424,481
Liabilities: $10,002,297
Net assets: $2,422,184
Revenue: $3,340,092
Expenses: $2,390,271
Net income: $949,821

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$15.0	$12.8	$2.15	$3.87	$4.40	$0.53
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$12.5	$9.97	$2.54	$3.21	$3.09	$0.12
2023Detailed filing. Detailed filing data is available for this year.	$12.4	$10.0	$2.42	$3.34	$2.39	$0.95
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$11.0	$10.2	$0.85	$1.50	$0.76	$0.74