Liberty Educational Ministries Inc
- Assets
- $56.9m
- Revenue
- $25.4m
- Investments
- $30.5k
- Employees
- 286
- Location
- Argyle, TX
- Founding
- 11/1990
- Data as of
- 05/2022
- EIN
- 75-2316143
Organization Overview
Liberty Educational Ministries Inc is located in Argyle, TX. The organization was established in 1990. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 05/2022, Liberty Educational Ministries Inc employed 286 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Liberty Educational Ministries 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 Educational Ministries Inc generated $25.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $22.5m during the year ending 05/2022. 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 FULFILL VISION OF EMPOWERING STUDENTS TO EMBRACE A LIFESTYLE THAT STANDS FIRMLY FOR ALL VALUES CONSISTENT WITH GOD'S WORD, BY WORKING IN CONCERT WITH FAMILIES WHO PROFESS FAITH IN JESUS CHRIST BY PROVIDING A COLLEGE PREPARATORY EDUCATION BASED ON GOD'S HOLY WORD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE DEVELOPMENT OF CHRISTIAN LEADERS BY PROVIDING A COLLEGE PREPARATORY CURRICULUM BASED ON GOD'S WORD. THE SCHOOL HAS ACCOMPLISHED ITS MISSION THROUGH THE FOLLOWING ACADEMIC EMPHASIS:1. TO PROMOTE HIGH ACADEMIC STANDARDS, AND TO HELP EACH STUDENT REALIZE HIS FULL ACADEMIC POTENTIAL.2. TO PREPARE STUDENTS FOR SUCCESS AND ACHIEVEMENT AT THE COLLEGE LEVEL.3. TO ASSIST STUDENTS IN DEVELOPING A DISCIPLINED APPROACH TO THEIR STUDIES.4. TO ENCOURAGE ALL STUDENTS TO THINK CLEARLY AND LOGICALLY AND TO WORK BOTH INDEPENDENTLY AND COOPERATIVELY, USING GOOD STUDY HABITS.5. TO HELP EACH STUDENT GAIN A THOROUGH MASTERY OF THE FUNDAMENTAL PROCESSES USED IN COMMUNICATING AND DEALING WITH OTHERS, INCLUDING READING, WRITING, SPEAKING, LISTENING, AND USING MATHEMATICS.6. TO DEVELOP CREATIVE AND CRITICAL THINKING, AND PROPER USE OF BIBLICAL CRITERIA FOR EVALUATION.7. TO DEVELOP RESPONSIBLE FREEDOM, INSTILLING A LOVE FOR OUR COUNTRY AND RESPECT FOR THOSE WHO LIVED AND DIED TO MAKE AMERICA GREAT.8. TO HELP STUDENTS DEVELOP AN UNDERSTANDING OF THE WORLD IN WHICH THEY LIVE AND THE ABILITY TO APPRECIATE AND CONTRIBUTE TO THEIR ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Blair Mccullough President | Officer | 40 | $205,000 |
Steven Bosley Facilities Manager | 40 | $120,251 | |
Jared Mlynczyk Assistant Head Of School Of Academics | Officer | 40 | $111,650 |
Julie Barber VP Of Operations | Officer | 40 | $101,700 |
Joe O'rourke President | OfficerTrustee | 0.5 | $0 |
Billie Riley Secretary | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sage Dining Services Dining | 5/30/22 | $945,214 |
Hub International Insurance | 5/30/22 | $355,334 |
Co Serv Electric Utilities | 5/30/22 | $330,679 |
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 | $3,520,170 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,520,170 |
| Total Program Service Revenue | $21,457,881 |
| Investment income | $17,450 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $21,304 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $253,180 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,424,585 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $977,701 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $418,350 |
| Compensation of current officers, directors, key employees. | $418,350 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,565,700 |
| Pension plan accruals and contributions | $263,748 |
| Other employee benefits | $2,167,139 |
| Payroll taxes | $730,965 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $56,518 |
| Fees for services: Accounting | $111,909 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $88,590 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $459,874 |
| Travel | $1,933 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $775,179 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,041,357 |
| Insurance | $391,818 |
| All other expenses | $799,975 |
| Total functional expenses | $22,530,740 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,893 |
| Savings and temporary cash investments | $14,484,283 |
| Pledges and grants receivable | $360,000 |
| Accounts receivable, net | $867,689 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $158,278 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $75,431 |
| Net Land, buildings, and equipment | $40,584,246 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $30,455 |
| Investments—program-related | $0 |
| Intangible assets | $123,744 |
| Other assets | $108,787 |
| Total assets | $56,879,806 |
| Accounts payable and accrued expenses | $1,252,703 |
| Grants payable | $0 |
| Deferred revenue | $2,591,259 |
| 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 | $19,428,375 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $23,272,337 |
| Net assets without donor restrictions | $30,498,265 |
| Net assets with donor restrictions | $3,109,204 |
| 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 | $56,879,806 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Liberty Educational Ministries Inc has recieved totaling $139,950.
| Awarding Organization | Amount |
|---|---|
The Crowley Carter Foundation Dallas, TX PURPOSE: TO FUND ELEMENTARY PLAYGROUND AND SHADE STRUCTURE FOR THE OUTDOOR CLASSROOMS. | $65,000 |
The Wessel Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $51,100 |
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $23,465 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $385 |
Endowment Analysis
| Beg. Balance | $33,891 |
| Ending Balance | $33,891 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central Missionary Clearinghouse Inc Houston, TX | $6,419,067 | $44,656,736 |
Parish Episcopal School Dallas, TX | $99,531,938 | $38,441,453 |
Omega Charitable Developers Inc Houston, TX | $6,275,678 | $33,763,984 |
Rightnow Ministries International McKinney, TX | $45,408,215 | $33,884,225 |
Newman International Academy Arlington, TX | $46,580,877 | $32,428,105 |
Pine Cove Inc Tyler, TX | $43,410,564 | $33,919,246 |
Interfaith Ministries For Greater Houston Houston, TX | $17,611,753 | $29,868,273 |
Bible Study Fellowship San Antonio, TX | $20,886,435 | $27,831,196 |
Hosanna Albuquerque, NM | $66,066,591 | $27,487,086 |
Apartment Life Inc Bedford, TX | $5,807,926 | $23,558,847 |
Liberty Educational Ministries Inc Argyle, TX | $56,879,806 | $25,424,585 |
Commission To Every Nation Inc Kerrville, TX | $8,156,015 | $22,196,703 |