Liberty Bible Academy Association Inc
- Assets
- $3.2m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 57
- Location
- Mason, OH
- Founding
- 05/1983
- Data as of
- 06/2022
- EIN
- 31-1056220
Organization Overview
Liberty Bible Academy Association Inc is located in Mason, OH. The organization was established in 1983. 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 06/2022, Liberty Bible Academy Association Inc employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Liberty Bible Academy Association 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 06/2022, Liberty Bible Academy Association Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $1.8m during the year ending 06/2022. While expenses have increased by 5.9% 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
ACADEMIC PROGRAM - EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACADEMIC PROGRAM - EDUCATIONGRADES KINDERGARTEN THROUGH 12289 STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dana Honerlaw Garwood Principal | Trustee | 40 | $56,245 |
Ona Truesdale Trustee | Trustee | 40 | $47,423 |
Frank Smith Treasurer | Officer | 30 | $36,347 |
Mike Jutt Vice Chairman | Officer | 1 | $0 |
Brian Wilder Chairman | Officer | 1 | $0 |
Beth Muskopf Secretary | Officer | 1 | $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 | $326,739 |
| Noncash contributions included in lines 1a–1f | $6,126 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $326,739 |
| Total Program Service Revenue | $1,723,361 |
| Investment income | $760 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,936 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $94,775 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,149,448 |
| 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. | $140,015 |
| Compensation of current officers, directors, key employees. | $140,015 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,120,727 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $96,447 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,349 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,294 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $87,604 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $84,977 |
| Insurance | $11,241 |
| All other expenses | $149,017 |
| Total functional expenses | $1,840,141 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,176,182 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $100,190 |
| Accounts receivable, net | $24,871 |
| 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 | $1,931,519 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $3,232,763 |
| Accounts payable and accrued expenses | $17,028 |
| Grants payable | $0 |
| Deferred revenue | $22,903 |
| 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 | $1,716,744 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,756,675 |
| Net assets without donor restrictions | $1,464,096 |
| Net assets with donor restrictions | $11,992 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,232,763 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Liberty Bible Academy Association Inc has recieved totaling $1,221.
| Awarding Organization | Amount |
|---|---|
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $400 |
Ge Foundation Norwalk, CT PURPOSE: MATCHING GIFTS | $400 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $221 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $200 |
Endowment Analysis
| Beg. Balance | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lancaster Country Day School Lancaster, PA | $75,848,302 | $20,350,115 |
Hillel Day School Of Metropolitan Detroit Farmington Hills, MI | $33,929,140 | $16,693,073 |
Freire Charter School Philadelphia, PA | $7,896,247 | $17,871,218 |
Academy In Manayunk Inc Conshohocken, PA | $64,687,092 | $23,625,839 |
Heritage Christian Schools Inc Indianapolis, IN | $19,759,630 | $19,173,955 |
Lake Ridge Academy North Ridgeville, OH | $14,038,501 | $14,431,885 |
Philadelphia School Philadelphia, PA | $27,222,839 | $15,221,018 |
Orchard School Foundation Inc Indianapolis, IN | $60,553,415 | $15,394,463 |
Oaks Academy Inc Indianapolis, IN | $7,476,421 | $17,454,996 |
Raymond And Ruth Perelman Jewish Day School Wynnewood, PA | $42,118,135 | $13,050,794 |
Ellis School Pittsburgh, PA | $55,012,281 | $13,657,807 |
Yeshiva Derech Hatorah Cleveland Heights, OH | $14,161,211 | $18,658,686 |