Skip to content
Nonprofiteer
← LIBERTY CHRISTIAN ACADEMY

Form 990 for tax year 2022

Filed by LIBERTY CHRISTIAN ACADEMY.

Totals

Total revenue
$16,509,634
Total expenses
$14,892,149
Contributions and grants received
$654,331
Grants paid
$1,179,241
Program service revenue
$15,485,278
Investment income
$237,846
Other revenue
$132,179
Total assets, end of year
$17,423,829
Total liabilities, end of year
$1,661,823
Net assets or fund balances, end of year
$15,762,006
Program services expenses (Part IX)
$13,473,018
Management and general expenses
$1,201,772
Fundraising expenses
$217,359
Program service expenses (Part III)
$13,473,018

Program services were 90.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $72,940

  • 1e · Government grants (contributions)

    $108

  • 1f · All other contributions, gifts and grants

    $581,283

  • 1g · Noncash contributions included above

    $73,800

  • 2a · Program service revenue: TUITION AND FEES

    total $13,018,280 · related or exempt $13,018,280

  • 2b · Program service revenue: STUDENT FEES

    total $1,393,158 · related or exempt $1,393,158

  • 2c · Program service revenue: STUDENT FEES AFTER SCHOOL CARE

    total $482,714 · related or exempt $482,714

  • 2d · Program service revenue: STUDENT ACTIVITIES

    total $464,354 · related or exempt $464,354

  • 2e · Program service revenue: OTHER

    total $126,772 · related or exempt $126,772

  • 3 · Investment income

    total $306,598 · unrelated business $0 · excluded $306,598

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    other assets $13,845

  • 7b · Less cost or other basis and sales expenses

    other assets $82,597

  • 7c · Gain or loss

    other assets -$68,752

  • 7d · Net gain or loss

    total -$68,752 · excluded -$68,752

  • 8a · Fundraising events: gross income

    $41,252

  • 8b · Fundraising events: direct expenses

    $22,631

  • 8c · Net income from fundraising events

    total $18,621 · excluded $18,621

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: OTHER REVENUE

    total $92,087 · related or exempt $92,087

  • 11b · Other revenue: SPONSORSHIPS

    total $21,471 · related or exempt $21,471

  • 11e · Other revenue, total

    $113,558

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,301 · program services $5,301

  • 2 · Grants to domestic individuals

    total $1,173,940 · program services $1,173,940

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $38,742 · program services $36,414 · management and general $2,285 · fundraising $43

  • 7 · Other salaries and wages

    total $8,089,149 · program services $7,602,962 · management and general $477,136 · fundraising $9,051

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $1,698,544 · program services $1,623,074 · management and general $75,470

  • 10 · Payroll taxes

    total $572,830 · program services $537,964 · management and general $34,193 · fundraising $673

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $7,635 · program services $4,175 · management and general $3,460

  • 11c · Fees: accounting

    total $78,421 · management and general $78,421

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $6,257 · management and general $6,257

  • 11g · Fees: other

    total $814,970 · program services $526,978 · management and general $269,482 · fundraising $18,510

  • 12 · Advertising and promotion

    total $45,500 · program services $3,265 · management and general $40,179 · fundraising $2,056

  • 13 · Office expenses

    total $55,556 · program services $18,292 · management and general $34,812 · fundraising $2,452

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $8,058 · program services $8,058

  • 16 · Occupancy

    total $411,110 · program services $403,335 · management and general $6,910 · fundraising $865

  • 17 · Travel

    total $29,020 · program services $23,281 · management and general $556 · fundraising $5,183

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $5,748 · program services $3,374 · management and general $2,053 · fundraising $321

  • 20 · Interest

    total $1,256 · management and general $1,256

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $313,373 · program services $309,132 · management and general $4,241

  • 23 · Insurance

    total $157,864 · program services $66,827 · management and general $91,037

  • 24a · Other expenses: SUPPLIES, FUEL

    total $467,728 · program services $314,992 · management and general $24,140 · fundraising $128,596

  • 24b · Other expenses: INSTRUCTIONAL SUPPLIES

    total $385,070 · program services $346,288 · management and general $19,605 · fundraising $19,177

  • 24c · Other expenses: SMALL EQUIPMENT & FURNISHING

    total $155,598 · program services $135,865 · management and general $3,321 · fundraising $16,412

  • 24d · Other expenses: REPAIRS & MAINTENANCE

    total $154,453 · program services $153,108 · management and general $1,217 · fundraising $128

  • 24e · All other expenses

    total $216,026 · program services $176,393 · management and general $25,741 · fundraising $13,892

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,287,999 · end of year $80,910

  • 2 · Savings and temporary cash investments

    beginning of year $3,948,640 · end of year $5,820,828

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $282,909 · end of year $271,075

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $154,722 · end of year $195,390

  • 10a · Land, buildings and equipment: cost or other basis

    $4,400,842

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,518,386

  • 10c · Land, buildings and equipment, net

    beginning of year $1,761,612 · end of year $1,882,456

  • 11 · Investments: publicly traded securities

    beginning of year $2,759,592 · end of year $4,846,839

  • 12 · Investments: other securities

    beginning of year $3,997,455 · end of year $4,326,331

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $37,610 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $374,586 · end of year $497,089

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $1,032,557 · end of year $1,108,124

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $56,610

  • 27 · Net assets without donor restrictions

    beginning of year $13,515,040 · end of year $15,350,996

  • 28 · Net assets with donor restrictions

    beginning of year $308,356 · end of year $411,010

Mission and programs · 2022

Mission

LIBERTY CHRISTIAN ACADEMY HAS APPROXIMATELY 1,500 STUDENTS AND WAS ESTABLISHED TO PROVIDE CHRISTIAN EDUCATION TO CHILDREN IN CENTRAL VIRGINIA. THE ACADEMY BECAME A FULLY ACCREDITED INSTITUTION, STANDING AS A VIABLE EDUCATIONAL CHOICE FOR PARENTS WHO DESIRED TO HAVE THEIR CHILDREN TAUGHT A CHRISTIAN WORLDVIEW FROM A BIBLE-BASED CURRICULUM. RECOGNIZED AS AN ACCREDITED INSTITUTION BY THE COMMONWEALTH OF VIRGINIA, REGIONALLY ACCREDITED BY THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS, AND INTERNATIONALLY ACCREDITED BY THE ASSOCIATION OF CHRISTIAN SCHOOLS INTERNATIONAL, LCA HAS A RECOGNIZED HISTORY OF ACADEMIC EXCELLENCE.

Activities or mission (Part I)

INSTITUTION OF EDUCATION, WITH THE PRIMARY MISSION OF PROVIDING QUALITY CHRISTIAN EDUCATION

  • INSTITUTION OF EDUCATION, WITH THE PRIMARY MISSION OF PROVIDING QUALITY CHRISTIAN EDUCATION

    Expenses $13,473,018 · Grants $1,179,241 · Revenue $15,598,836

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mrs Cindy Gaebe

    DIRECTOR & TREASURER

    Total calculated
    $344,047
    From this org
    $0
    From related orgs
    $330,704
    Other
    $13,343
    Hours/week
    2 + 53 related

    Schedule J breakdown matched by us

    Base
    $0 + $284,004 related
    Bonus
    $0 + $46,700 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $13,343 related
    Filer's total
    $0 + $344,047 related

  • Dr Deanna Keith

    DIRECTOR

    Total calculated
    $254,153
    From this org
    $0
    From related orgs
    $234,193
    Other
    $19,960
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $122,183 related
    Bonus
    $0 + $8,510 related
    Other
    $0 + $103,500 related
    Deferred
    $0 + $6,478 related
    Nontaxable benefits
    $0 + $13,482 related
    Filer's total
    $0 + $254,153 related

  • Dr Lawrence Hine

    HEAD OF SCHOOLS

    Total calculated
    $253,312
    From this org
    $0
    From related orgs
    $215,970
    Other
    $37,342
    Hours/week
    10 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $198,970 related
    Bonus
    $0 + $17,000 related
    Other
    $0
    Deferred
    $0 + $27,000 related
    Nontaxable benefits
    $0 + $10,342 related
    Filer's total
    $0 + $253,312 related

  • Pastor Jonathan Falwell

    DIRECTOR

    Total calculated
    $208,510
    From this org
    $0
    From related orgs
    $208,510
    Other
    $0
    Hours/week
    2 + 21 related

    Schedule J breakdown matched by us

    Base
    $0 + $200,000 related
    Bonus
    $0 + $8,510 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $208,510 related

  • Mr Darryll Dowell

    DIRECTOR & CHAIRMAN

    Total calculated
    $173,394
    From this org
    $0
    From related orgs
    $149,927
    Other
    $23,467
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $138,727 related
    Bonus
    $0 + $11,200 related
    Other
    $0
    Deferred
    $0 + $13,125 related
    Nontaxable benefits
    $0 + $10,342 related
    Filer's total
    $0 + $173,394 related

  • Mr Frank Rocco

    ATHLETIC DIRECTOR

    Total calculated
    $131,039
    From this org
    $112,427
    From related orgs
    $0
    Other
    $18,612
    Hours/week
    50

  • Mr Jeffrey Capps

    HIGH SCHOOL PRINCIPAL

    Total calculated
    $130,521
    From this org
    $112,710
    From related orgs
    $0
    Other
    $17,811
    Hours/week
    50

  • Mr Jeffrey Alder

    DIRECTOR & SECRETARY

    Total calculated
    $92,515
    From this org
    $0
    From related orgs
    $74,688
    Other
    $17,827
    Hours/week
    2 + 40 related

  • Mrs Bernette Beckles

    DIRECTOR

    Total calculated
    $34,800
    From this org
    $0
    From related orgs
    $34,800
    Other
    $0
    Hours/week
    2 + 25 related

  • Mrs Jennifer Foster

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • Permanens Capital Defensive Income Fund

    N/A · INVESTING · DE · share of income $0 · share of assets $0

    Directly controlled by NA

  • PERMANENS ALTERNATIVE FUND LP

    N/A · INVESTING · DE · share of income $0 · share of assets $0

    Directly controlled by NA

  • Permanens Capital Equities Fund LP

    N/A · INVESTING · DE · share of income $0 · share of assets $0

    Directly controlled by NA

  • Permanens Capital Floating Rate Fund LP

    N/A · INVESTING · DE · share of income $0 · share of assets $0

    Directly controlled by NA

  • PERMANENS CAPITAL PHYSICAL PRECIOUS META

    N/A · INVESTING · DE · share of income $0 · share of assets $0

    Directly controlled by NA

  • PERMANENS NON-AGENCY RMBS ALLO

    N/A · INVESTING · DE · share of income $0 · share of assets $0

    Directly controlled by NA

  • Spectrum Capital Securities Institutiona

    N/A · INVESTING · DE · share of income $0 · share of assets $0

    Directly controlled by NA

  • USONIAN JAPAN VALUE US DOLLAR Hedged Fun

    N/A · INVESTING · DE · share of income $0 · share of assets $0

    Directly controlled by NA

  • PERMANENS CAPITAL SHORT Duration High Yi

    N/A · INVESTING · DE · share of income $0 · share of assets $0

    Directly controlled by NA

  • MidOcean Multi Asset Credit Fund LP

    N/A · Investing · DE · share of income $0 · share of assets $0

    Directly controlled by NA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • FREEDOM AVIATION

    C CORP · PROVIDES CHAR · VA

    Directly controlled by LIBERTY UNIVERS

  • LIBERTY MOUNTAIN CAPITAL Inc

    C CORP · INVESTMENT HO · VA

    Directly controlled by LIBERTY UNIVERS

  • Liberty Village Community Association

    C CORP · PROPERTY MGMT · VA

    Directly controlled by LIBERTY UNIVERS

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202411369349306966

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.