Live Oak Classical School Inc
- Assets
- $2.3m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 115
- Location
- Waco, TX
- Founding
- 07/2004
- Data as of
- 06/2020
- EIN
- 77-0616274
Organization Overview
Live Oak Classical School Inc is located in Waco, TX. The organization was established in 2004. 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, Live Oak Classical School Inc employed 115 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Live Oak Classical School 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 06/2020, Live Oak Classical School Inc generated $4.5m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $4.5m during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
LIVE OAK CLASSICAL SCHOOL STRIVES TO EQUIP STUDENTS TO LOVE GOD WITH ALL THEIR HEARTS, SOULS AND MINDS. WE DRAW ON THE CLASSICAL TOOLS OF LEARNING TO PREPARE STUDENTS TO REASON CLEARLY, COMMUNICATE EFFECTIVELY, & ACT RESPONSIBILY IN THE WORLD, ALL FOR THE GLORY OF GOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A CHRISTIAN AND CLASSICAL EDUCATION FOR CHILDREN IN GRADES K THROUGH 12. DURING THE YEAR ENDED JUNE 30, 2021, THE SCHOOL PROVIDED EDUCATION FOR 442 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alison Moffat Head Of School,non-Voting | Officer | 40 | $71,777 |
Donna Zemanek Finance Director, Non-Voti | Officer | 40 | $61,421 |
Smith Getterman Vice-President | OfficerTrustee | 5 | $0 |
Neil Luft Secretary | OfficerTrustee | 5 | $0 |
Michele Huse President | OfficerTrustee | 15 | $0 |
Heath Ivy Treasurer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $376,733 |
| Investment income | $3,185 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $137,292 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $22,716 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,911 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,534,185 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $425,353 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $139,586 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,248,003 |
| Pension plan accruals and contributions | $13,263 |
| Other employee benefits | $24,355 |
| Payroll taxes | $182,335 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,376 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,797 |
| Office expenses | $82,812 |
| Information technology | $23,242 |
| Royalties | $0 |
| Occupancy | $919,844 |
| Travel | $11,774 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,278 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $68,930 |
| Insurance | $3 |
| All other expenses | $0 |
| Total functional expenses | $4,488,411 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,324,591 |
| Savings and temporary cash investments | $523,327 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $310,683 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $21,195 |
| Prepaid expenses and deferred charges | $10,380 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,335,178 |
| Accounts payable and accrued expenses | $110,750 |
| Grants payable | $0 |
| Deferred revenue | $950,343 |
| 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 | $30,782 |
| Unsecured mortgages and notes payable | $460,118 |
| Other liabilities | $0 |
| Total liabilities | $1,551,993 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $783,185 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Live Oak Classical School Inc has recieved totaling $506,996.
| Awarding Organization | Amount |
|---|---|
Daniel E Offutt Iii Charitable Tr Sarasota, FL PURPOSE: TO PROMOTE THE GOALS OF THE ORGANIZATION | $300,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $206,996 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kipp Delta Inc Helena, AR | $23,299,418 | $20,055,239 |
Baton Rouge Christian Education Foundation Inc Baton Rouge, LA | $25,217,556 | $20,900,810 |
Alcuin School Dallas, TX | $59,182,125 | $20,381,763 |
Oakridge School Inc Arlington, TX | $19,389,993 | $20,174,539 |
Pulaski Academy Little Rock, AR | $31,968,373 | $17,811,246 |
Education Service Center Region Ii Of Texas Corpus Christi, TX | $24,486,082 | $17,593,515 |
The Woodlands Christian Academy The Woodlands, TX | $44,326,696 | $20,493,923 |
Odyssey 2020 Academy Inc Galveston, TX | $23,994,459 | $17,751,222 |
El Paso Education Initiative Inc El Paso, TX | $37,947,839 | $17,386,289 |
Episcopal Collegiate School Little Rock, AR | $113,498,551 | $17,410,081 |
Energized For Excellence Academy Houston, TX | $1,351,482 | $18,898,659 |
Houston Gateway Academy Inc Houston, TX | $78,886,053 | $32,736,217 |