Liberty Christian Academy
- Assets
- $15.2m
- Revenue
- $16.0m
- Investments
- $4.0m
- Employees
- 332
- Location
- Lynchburg, VA
- Founding
- 08/1967
- Data as of
- 06/2022
- 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 06/2022, Liberty Christian Academy employed 332 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 06/2022, Liberty Christian Academy generated $16.0m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $13.5m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 5 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
2022
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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mrs Cindy Gaebe Director & Treasurer | OfficerTrustee | 2 | $0 |
Dr Deanna Keith Director | Trustee | 2 | $0 |
Dr Mark Hine Head Of Schools | Officer | 10 | $0 |
Pastor Jonathan Falwell Director | Trustee | 2 | $0 |
Mr Darryll Dowell Director & Chairman | Trustee | 2 | $0 |
Mr Jeffrey Capps High School Principal | 50 | $111,834 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $184,370 |
| All other contributions, gifts, grants, and similar amounts not included above | $499,075 |
| Noncash contributions included in lines 1a–1f | $15,412 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $683,445 |
| Total Program Service Revenue | $14,918,622 |
| Investment income | $96,664 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $6,274 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,971,774 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,317,228 |
| 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 | $35,075 |
| Other salaries and wages | $7,062,897 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,593,648 |
| Payroll taxes | $497,560 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,455 |
| Fees for services: Accounting | $56,370 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,659 |
| Fees for services: Other | $753,707 |
| Advertising and promotion | $38,592 |
| Office expenses | $49,296 |
| Information technology | $0 |
| Royalties | $5,921 |
| Occupancy | $345,323 |
| Travel | $11,876 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,433 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $375,699 |
| Insurance | $148,806 |
| All other expenses | $52,098 |
| Total functional expenses | $13,474,592 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,287,999 |
| Savings and temporary cash investments | $3,948,640 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $282,909 |
| 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 | $154,722 |
| Net Land, buildings, and equipment | $1,761,612 |
| Investments—publicly traded securities | $2,759,592 |
| Investments—other securities | $3,997,455 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $37,610 |
| Total assets | $15,230,539 |
| Accounts payable and accrued expenses | $374,586 |
| Grants payable | $0 |
| Deferred revenue | $1,032,557 |
| 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 | $1,407,143 |
| Net assets without donor restrictions | $13,515,040 |
| Net assets with donor restrictions | $308,356 |
| 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 | $15,230,539 |