Liberty Christian Academy
- Assets
- $15.6m
- Revenue
- $14.0m
- Investments
- $2.4m
- Employees
- 310
- Location
- Lynchburg, VA
- Founding
- 08/1967
- Data as of
- 06/2021
- EIN
- 54-0831546
Organization Overview
Liberty Christian Academy is located in Lynchburg, VA. The organization was established in 1967. 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 06/2021, Liberty Christian Academy employed 310 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Liberty Christian Academy 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 06/2021, Liberty Christian Academy generated $14.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $12.0m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 4 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
INSTITUTION OF EDUCATION, WITH THE PRIMARY MISSION OF PROVIDING QUALITY CHRISTIAN EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTITUTION OF EDUCATION, WITH THE PRIMARY MISSION OF PROVIDING QUALITY CHRISTIAN EDUCATION
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Frank Rocco Athletic Director | 55 | $107,344 | |
John Patterson Former Officer | 0 | $106,500 | |
Mrs Cindy Gaebe Director & Treasurer | OfficerTrustee | 5 | $0 |
Dr Mark Hine Head Of Schools | OfficerTrustee | 10 | $0 |
Mr Wesley Falwell Director & Secretary | OfficerTrustee | 2 | $0 |
Mr Darryll Dowell Chairman | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $10,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $402,455 |
| Noncash contributions included in lines 1a–1f | $118,666 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $412,455 |
| Total Program Service Revenue | $13,231,806 |
| Investment income | $21,747 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $13,573 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,018,917 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,204,698 |
| 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 | $32,493 |
| Other salaries and wages | $6,465,594 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,354,056 |
| Payroll taxes | $422,234 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,275 |
| Fees for services: Accounting | $54,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,785 |
| Fees for services: Other | $690,753 |
| Advertising and promotion | $45,627 |
| Office expenses | $41,376 |
| Information technology | $0 |
| Royalties | $8,840 |
| Occupancy | $277,489 |
| Travel | $1,280 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,035 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $381,754 |
| Insurance | $156,530 |
| All other expenses | $24,463 |
| Total functional expenses | $11,960,412 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,264,593 |
| Savings and temporary cash investments | $1,506,572 |
| Pledges and grants receivable | $10,000 |
| Accounts receivable, net | $2,448,031 |
| 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 | $105,244 |
| Net Land, buildings, and equipment | $1,694,474 |
| Investments—publicly traded securities | $4,088,811 |
| Investments—other securities | $2,442,082 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,255 |
| Total assets | $15,578,062 |
| Accounts payable and accrued expenses | $322,218 |
| Grants payable | $0 |
| Deferred revenue | $3,087,595 |
| 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 | $3,409,813 |
| Net assets without donor restrictions | $11,923,373 |
| Net assets with donor restrictions | $244,876 |
| 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 | $15,578,062 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Liberty Christian Academy has recieved totaling $15,617.
| Awarding Organization | Amount |
|---|---|
Tulsa Community Foundation Tulsa, OK PURPOSE: SCHOLARSHIP | $15,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $617 |
Endowment Analysis
| Beg. Balance | $1,982,931 |
| Earnings | $547,962 |
| Net Contributions | $4,000,000 |
| Ending Balance | $6,530,893 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Potomac School Mclean, VA | $225,192,195 | $49,665,882 |
Providence Day School Charlotte, NC | $110,524,658 | $50,140,053 |
Flint Hill School Oakton, VA | $94,406,099 | $45,449,765 |
Charlotte Latin Schools Inc Charlotte, NC | $136,686,590 | $47,461,290 |
Bullis School Inc Potomac, MD | $98,208,716 | $48,486,298 |
Charles E Smith Jewish Day School Of Greater Washington Inc Rockville, MD | $72,940,113 | $37,835,110 |
Landon School Corporation Bethesda, MD | $80,382,622 | $54,334,304 |
Ravenscroft School Inc Raleigh, NC | $81,090,288 | $36,426,897 |
Durham Academy Inc Durham, NC | $115,235,784 | $38,768,231 |
Friends School Of Baltimore Inc Baltimore, MD | $92,747,497 | $38,147,236 |
Maret School Inc Washington, DC | $97,996,233 | $40,685,591 |
Bryn Mawr School For Girls Of Baltimore City Baltimore, MD | $100,381,068 | $39,864,147 |