Liberty Preparatory Christian Academy Inc
- Assets
- $11.0m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 61
- Location
- Mooresville, NC
- Founding
- 07/2009
- Data as of
- 05/2022
- EIN
- 26-4201622
Organization Overview
Liberty Preparatory Christian Academy Inc is located in Mooresville, NC. The organization was established in 2009. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 05/2022, Liberty Preparatory Christian Academy Inc employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Liberty Preparatory Christian Academy Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2022, Liberty Preparatory Christian Academy Inc generated $4.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.4% each year . All expenses for the organization totaled $2.7m during the year ending 05/2022. While expenses have increased by 14.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE STUDENTS TO DEVELOP AND MAINTAIN A STRONG SPIRITUAL FOUNDATION BASED ON FAITH IN GOD'S WORD. TO CREATE A BALANCE BETWEEN CLASSROOM TEACHING AND PARENT MENTORED STUDY TO ACHIEVE A COLLEGE PREPARATORY LEVEL OF ACADEMIC EXCELLENCE. TO CREATE AN ENVIRONMENT OF FELLOWSHIP AMOUNT STUDENTS WHERE CHARACTER AND INTEGRITY ARE SOUGHT AND HONORED AND TO ALLOW AMPLE OPPORTUNITY FOR MINISTRY IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIBERTY PREPARATORY CHRISTIAN ACADEMY IS A COLLEGE PREP SCHOOL THAT TRULY PARTNERS WITH PARENTS TO AFFIRM THEIR ROLE AS THE PRIMARY INFLUENCE IN THEIR CHILDRENS LIVES. BY USING A UNIVERSITY-STYLE COURSE SCHEDULE IN WHICH STUDENTS ARE ON SCHOOL CAMPUS THREE DAYS EACH WEEK (M/TU/TH) AND COMPLETE PROFESSIONAL INSTRUCTOR-PREPARED LESSONS AT HOME THE REMAINING TWO DAYS, THIS EFFECTIVE MODEL PROVIDES FAMILIES WITH MUCH NEEDED TIME TOGETHER. OUR GOAL AT LIBERTY PREP IS NOT ONLY TO PROVIDE AN ACADEMICALLY CHALLENGING ENVIRONMENT BUT TO ALSO DEVELOP STUDENTS OF CHARACTER. THE CLASSICAL CHRISTIAN STYLE OF EDUCATION TEACHES STUDENTS TO PURSUE WISDOM, KNOWLEDGE AND UNDERSTANDING, INSTILLS IN THEM A LOVE OF LEARNING AND ENCOURAGES THEM TO DEVELOP THEIR GOD-GIVEN TALENTS AND ABILITIES TO THEIR FULLEST POTENTIAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Weir Chairman | OfficerTrustee | $0 | |
Derek Slocum Secretary | OfficerTrustee | $0 | |
J B Whitfield Board Member | Trustee | $0 | |
Luke Hessels Board Member | Trustee | $0 | |
Craig Rushing Board Member | Trustee | $0 | |
Andrew Shott Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,143,049 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,143,049 |
| Total Program Service Revenue | $2,770,571 |
| Investment income | $741 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $58,014 |
| Net Gain/Loss on Asset Sales | $1,184 |
| Net Income from Fundraising Events | $1,226 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $852 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,975,637 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,251,414 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $100,508 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,033 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $34,616 |
| Office expenses | $60,008 |
| Information technology | $65,775 |
| Royalties | $0 |
| Occupancy | $69,988 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $210,251 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $406,141 |
| Insurance | $21,206 |
| All other expenses | $6,650 |
| Total functional expenses | $2,681,304 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,150,052 |
| Savings and temporary cash investments | $130,613 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $8,706,988 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,500 |
| Total assets | $11,012,153 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,777,339 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $65,086 |
| Total liabilities | $4,842,425 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $4,875,395 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,294,333 |
| Total liabilities and net assets/fund balances | $11,012,153 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Liberty Preparatory Christian Academy Inc has recieved totaling $6,649.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $5,800 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $849 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trinity School Inc Atlanta, GA | $133,203,671 | $25,058,941 |
Hammond School Columbia, SC | $54,753,815 | $20,190,119 |
Carolina Day School Inc Asheville, NC | $29,412,889 | $19,874,947 |
Republic Schools Nashville Nashville, TN | $31,048,580 | $24,002,902 |
Congressional School Inc Falls Church, VA | $21,870,095 | $18,184,082 |
Nansemond-Suffolk Academy Association Incorporated Suffolk, VA | $19,895,333 | $17,664,822 |
Summit School Inc Winstonsalem, NC | $46,496,346 | $18,682,492 |
North Cobb Christian School Inc Kennesaw, GA | $44,288,708 | $22,180,039 |
Christian Academy Of Knoxville Inc Knoxville, TN | $16,374,308 | $19,411,697 |
Cornerstone Academy Inc Morristown, TN | $83,376,022 | $25,507,605 |
Piedmont Community Charter School Gastonia, NC | $39,263,540 | $16,321,598 |
Franklin Academy Inc Wake Forest, NC | $23,533,490 | $17,154,874 |