Lionheart Classical Academy Chartered Public School
- Assets
- $11.0m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 2
- Location
- Peterborough, NH
- Founding
- Data as of
- 06/2022
- EIN
- 87-4598419
Organization Overview
Lionheart Classical Academy Chartered Public School is located in Peterborough, NH. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Lionheart Classical Academy Chartered Public School employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lionheart Classical Academy Chartered Public School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE LIONHEART CLASSICAL ACADEMY IS A PUBLIC CHARTER SCHOOL FOR GRADES K-5 THAT IS FREE AND OPEN TO NH KIDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIONHEART CLASSICAL ACADEMY OPENED FOR ENROLLMENT FOR THE 2022-2023 SCHOOL YEAR. THE ACADEMY USED FISCAL YEAR 2022 TO PREPARE FOR PROGRAM OPERATIONS, THEREFORE, THERE WERE NO PROGRAM REVENUES FOR THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barry Tanner Chair | OfficerTrustee | 10 | $0 |
Kerry Bedard Executive Director | Officer | 40 | $0 |
James Fricchione Trustee | Trustee | 3 | $0 |
Kimberly Lavallee Trustee | Trustee | 10 | $0 |
Leo Plante Trustee | Trustee | 3 | $0 |
Richard Merkt Trustee | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $437,373 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,066,391 |
| Noncash contributions included in lines 1a–1f | $12,790 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,503,764 |
| Total Program Service Revenue | $0 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,503,764 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $74,519 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $108 |
| Payroll taxes | $5,592 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,376 |
| Fees for services: Accounting | $19,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,348 |
| Advertising and promotion | $3,006 |
| Office expenses | $13,469 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,213 |
| Travel | $351 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $315,339 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $267,168 |
| Insurance | $5,024 |
| All other expenses | $0 |
| Total functional expenses | $759,922 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $538,350 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $485,148 |
| Accounts receivable, net | $0 |
| 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 | $93,031 |
| Net Land, buildings, and equipment | $926,979 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,001,089 |
| Total assets | $11,044,597 |
| Accounts payable and accrued expenses | $695,606 |
| Grants payable | $0 |
| Deferred revenue | $6,000 |
| 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 | $9,488,072 |
| Total liabilities | $10,189,678 |
| Net assets without donor restrictions | $853,219 |
| Net assets with donor restrictions | $1,700 |
| 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 | $11,044,597 |
Peer Organizations
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|---|---|---|
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Harpswell Coastal Academy Inc Harpswell, ME | $1,328,759 | $3,434,927 |
Fiddlehead School Gray, ME | $2,450,740 | $2,123,993 |
Great Bay Elearning Charter School Exeter, NH | $1,221,712 | $1,886,991 |
Kreiva Academy Public Charter School Manchester, NH | $870,753 | $1,875,543 |
Compass Classical Academy Tilton, NH | $1,304,816 | $1,309,060 |
Next Charter School Derry, NH | $1,803,956 | $1,664,118 |
Making Community Connections Charter School Amherst, NH | $443,439 | $1,365,054 |
Gate City Charter School For The Arts Merrimack, NH | $402,137 | $1,441,405 |