Lionheart Classical Academy Chartered Public School
- Assets
- $12.4m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 33
- Location
- Peterborough, NH
- Founding
- Data as of
- 06/2023
- 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 06/2023, Lionheart Classical Academy Chartered Public School employed 33 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.
For the year ending 06/2023, Lionheart Classical Academy Chartered Public School generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 49.0% each year . All expenses for the organization totaled $2.4m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
LIONHEART CLASSICAL ACADEMY IS A PUBLIC CHARTER SCHOOL FOR GRADES K-6 THAT IS FREE & 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. OUR MISSION IS TO TRAIN THE MINDS AND INSPIRE THE HEARTS OF OUR STUDENTS THROUGH A CLASSICAL LIBERAL ARTS AND SCIENCES EDUCATION THAT SUPPORTS ACADEMIC ACHIEVEMENT, VIRTUOUS LIVING, AND RESPONSIBLE CITIZENSHIP.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Lavallee Vice Chair / Treasurer | OfficerTrustee | 10 | $0 |
Richard Merkt Secretary | OfficerTrustee | 3 | $0 |
Leo Plante Trustee | Trustee | 3 | $0 |
Barry Tanner Chair | OfficerTrustee | 10 | $0 |
Andrew Alajajian Member | Trustee | 3 | $0 |
Bailey Sweet Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $551,669 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,189,831 |
| Noncash contributions included in lines 1a–1f | $23,375 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,741,500 |
| Total Program Service Revenue | $1,499,190 |
| 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 | $99,402 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,340,092 |
| 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. | $100,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $802,062 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $51,967 |
| Payroll taxes | $81,995 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,380 |
| Fees for services: Accounting | $25,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $62,149 |
| Advertising and promotion | $1,122 |
| Office expenses | $103,464 |
| Information technology | $22,779 |
| Royalties | $0 |
| Occupancy | $115,801 |
| Travel | $265 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $432,994 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $560,957 |
| Insurance | $17,436 |
| All other expenses | $0 |
| Total functional expenses | $2,390,271 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $648,503 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $479,876 |
| 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 | $30,147 |
| Net Land, buildings, and equipment | $1,916,472 |
| Investments—publicly traded securities | $644,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,705,483 |
| Total assets | $12,424,481 |
| Accounts payable and accrued expenses | $564,389 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $9,437,908 |
| Total liabilities | $10,002,297 |
| Net assets without donor restrictions | $2,147,184 |
| Net assets with donor restrictions | $275,000 |
| 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 | $12,424,481 |