Libertas Classical Association
- Assets
- $188.0k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 57
- Location
- Hudsonville, MI
- Founding
- 06/2015
- Data as of
- 06/2023
- EIN
- 47-1807938
Organization Overview
Libertas Classical Association is located in Hudsonville, MI. The organization was established in 2015. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Libertas Classical Association employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Libertas Classical Association 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 06/2023, Libertas Classical Association generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $1.4m during the year ending 06/2023. While expenses have increased by 8.1% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF LIBERTAS CHRISTIAN SCHOOL IS TO PARTNER WITH PARENTS TO EDUCATE AND DISCIPLE CHILDREN CONSISTENT WITH A BIBLICAL WORLDVIEW, TEACHING THEM TO BE LIFELONG LEARNERS ABLE TO DISCERN, ARTICULATE, AND DEFEND TRUTH IN A COMPELLING, WINSOME CHRIST-LIKE MANNER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A BIBLE-BASED PRE-K THROUGH GRADE 12 EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathan Norris Board Treasurer | OfficerTrustee | 1 | $0 |
Ray Pajet Board Chairman | OfficerTrustee | 1 | $0 |
Jeremy Visser Board Secretary | OfficerTrustee | 1 | $0 |
Robert Davis Non-Voting Board Member / Headmaster | Officer | 40 | $61,239 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $12,582 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $258,035 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $270,617 |
| Total Program Service Revenue | $965,519 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$665 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,235,471 |
| 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. | $61,952 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $49,193 |
| Other salaries and wages | $840,906 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $77,012 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,068 |
| Fees for services: Accounting | $8,056 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,636 |
| Advertising and promotion | $21,481 |
| Office expenses | $7,253 |
| Information technology | $44,360 |
| Royalties | $0 |
| Occupancy | $53,212 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,716 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $20,421 |
| All other expenses | $0 |
| Total functional expenses | $1,424,189 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $155,112 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,067 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,853 |
| Total assets | $188,032 |
| Accounts payable and accrued expenses | $14,150 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $14,150 |
| Net assets without donor restrictions | $121,962 |
| Net assets with donor restrictions | $51,920 |
| 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 | $188,032 |