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Nonprofiteer
← LIBERTY EDUCATIONAL MINISTRIES INC

Form 990 for tax year 2023

Filed by LIBERTY EDUCATIONAL MINISTRIES INC.

Totals

Total revenue
$31,092,300
Total expenses
$28,582,865
Contributions and grants received
$3,038,634
Grants paid
$2,158,272
Program service revenue
$27,101,671
Investment income
$175,026
Other revenue
$776,969
Total assets, end of year
$52,574,444
Total liabilities, end of year
$14,371,442
Net assets or fund balances, end of year
$38,203,002
Program services expenses (Part IX)
$22,740,736
Management and general expenses
$4,458,366
Fundraising expenses
$1,383,763
Program service expenses (Part III)
$22,740,736

Program services were 79.6% 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.

  • 1c · Fundraising events

    $1,182,183

  • 1f · All other contributions, gifts and grants

    $1,856,451

  • 2a · Program service revenue: Tuition

    total $25,367,341 · related or exempt $25,367,341

  • 2b · Program service revenue: Program Services

    total $1,734,330 · related or exempt $1,734,330

  • 3 · Investment income

    total $175,026 · excluded $175,026

  • 8a · Fundraising events: gross income

    $436,274

  • 8a · Fundraising events: contributions included on line 1c

    $1,182,183

  • 8b · Fundraising events: direct expenses

    $719

  • 8c · Net income from fundraising events

    total $435,555 · excluded $435,555

  • 10a · Gross sales of inventory

    $635,679

  • 10b · Cost of goods sold

    $337,234

  • 10c · Net income from sales of inventory

    total $298,445 · excluded $298,445

  • 11a · Other revenue: Advertising income

    total $42,969 · excluded $42,969

  • 11e · Other revenue, total

    $42,969

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $2,158,272 · program services $2,158,272

  • 5 · Compensation of officers, directors and key employees

    total $530,071 · management and general $530,071

  • 7 · Other salaries and wages

    total $12,399,578 · program services $8,728,196 · management and general $2,813,928 · fundraising $857,454

  • 8 · Pension plan contributions

    total $356,728 · program services $240,150 · management and general $92,816 · fundraising $23,762

  • 9 · Other employee benefits

    total $1,433,091 · program services $997,586 · management and general $348,430 · fundraising $87,075

  • 10 · Payroll taxes

    total $996,069 · program services $701,903 · management and general $233,967 · fundraising $60,199

  • 11b · Fees: legal

    total $75,664 · management and general $75,664

  • 11c · Fees: accounting

    total $42,650 · management and general $42,650

  • 16 · Occupancy

    total $517,907 · program services $517,907

  • 17 · Travel

    total $546 · program services $546

  • 20 · Interest

    total $494,573 · program services $494,573

  • 22 · Depreciation, depletion and amortization

    total $2,153,483 · program services $1,938,135 · management and general $215,348

  • 23 · Insurance

    total $462,462 · program services $462,462

  • 24a · Other expenses: Student Activities

    total $3,281,767 · program services $3,281,767

  • 24b · Other expenses: Lunchroom

    total $1,149,658 · program services $1,149,658

  • 24c · Other expenses: Repairs and Maintenance

    total $999,134 · program services $999,134

  • 24d · Other expenses: Supplies

    total $476,053 · program services $414,166 · management and general $61,887

  • 24e · All other expenses

    total $1,055,159 · program services $656,281 · management and general $43,605 · fundraising $355,273

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $250,933 · end of year $331,525

  • 2 · Savings and temporary cash investments

    beginning of year $8,275,457 · end of year $9,879,366

  • 3 · Pledges and grants receivable

    beginning of year $300,000 · end of year $200,000

  • 4 · Accounts receivable

    beginning of year $100,976 · end of year $32,322

  • 7 · Other notes and loans receivable

    beginning of year $122,315 · end of year $101,249

  • 9 · Prepaid expenses and deferred charges

    beginning of year $75,320 · end of year $75,716

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

    $69,934,447

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

    $28,174,569

  • 10c · Land, buildings and equipment, net

    beginning of year $41,627,972 · end of year $41,759,878

  • 12 · Investments: other securities

    beginning of year $30,455 · end of year $30,455

  • 14 · Intangible assets

    beginning of year $91,311 · end of year $56,191

  • 15 · Other assets

    beginning of year $107,954 · end of year $107,742

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,789,494 · end of year $1,766,401

  • 19 · Deferred revenue

    beginning of year $2,290,274 · end of year $2,088,909

  • 23 · Secured mortgages and notes payable

    beginning of year $11,316,962 · end of year $10,516,132

  • 27 · Net assets without donor restrictions

    beginning of year $32,776,359 · end of year $34,913,549

  • 28 · Net assets with donor restrictions

    beginning of year $2,809,604 · end of year $3,289,453

Mission and programs · 2023

Mission

Liberty's mission is to provide a holistic college preparatory eduction in a nurturing, Christ-centered environment.

Activities or mission (Part I)

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.

  • 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.

    Expenses $22,740,736 · Grants $2,158,272 · Revenue $27,101,671

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Joe O'Rourke

    Trustee

    Total calculated
    $0
    Hours/week
    0.5

  • Beau Glenn

    Trustee

    Total calculated
    $0
    Hours/week
    0.5

  • Dr Gracie Packwood

    Secretary

    Total calculated
    $0
    Hours/week
    0.5

  • Mario Ramirez

    Trustee

    Total calculated
    $0
    Hours/week
    0.5

  • Rob Connor

    Board Chair/President

    Total calculated
    $0
    Hours/week
    0.5

  • Marc DeWall

    Trustee

    Total calculated
    $0
    Hours/week
    0.5

  • Jenny Haskin

    Trustee

    Total calculated
    $0
    Hours/week
    0.5

  • Toby Slough

    Trustee

    Total calculated
    $0
    Hours/week
    0.5

  • Dr Blair McCullough

    President

    Total calculated
    $286,957
    From this org
    $270,417
    From related orgs
    $0
    Other
    $16,540
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $270,417
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $16,540
    Filer's total
    $286,957

  • Julie Barber

    VP - Operations

    Total calculated
    $132,560
    From this org
    $120,433
    From related orgs
    $0
    Other
    $12,127
    Hours/week
    40

  • Jared Mlynczyk

    Assistant Head of School

    Total calculated
    $151,967
    From this org
    $139,221
    From related orgs
    $0
    Other
    $12,746
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,221
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $12,746
    Filer's total
    $151,967

  • Ashley Kelly

    Associate Girls Athletic Director

    Total calculated
    $114,182
    From this org
    $102,670
    From related orgs
    $0
    Other
    $11,512
    Hours/week
    40

  • Steven Bosley

    Facilities Manager

    Total calculated
    $132,398
    From this org
    $124,448
    From related orgs
    $0
    Other
    $7,950
    Hours/week
    40

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

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

No itemized grants to organizations 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.

  • Integrity Park Inc

    501(c)(3) · Management of Athletic Facilities and grounds for Liberty Educational Minist · TX

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 corporations and trusts

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

  • Mt Hillside Corporation

    C · Operate, manage & maintain the water supply for fire protection of Liberty · TX · 51% owned

Provenance

Return type
form_990
Tax year
2023
Filed
25 March 2025
IRS schema version
2023v6.0
Source object
202500849349301755

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