Totals
- Total revenue
- $24,220,617
- Total expenses
- $22,390,565
- Contributions and grants received
- $7,952,619
- Grants paid
- $0
- Program service revenue
- $16,055,513
- Investment income
- $86,876
- Other revenue
- $125,609
- Total assets, end of year
- $12,965,573
- Total liabilities, end of year
- $7,203,246
- Net assets or fund balances, end of year
- $5,762,327
- Program services expenses (Part IX)
- $20,200,444
- Management and general expenses
- $2,125,306
- Fundraising expenses
- $64,815
- Program service expenses (Part III)
- $20,200,444
Program services were 90.2% 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.
-
1e · Government grants (contributions)
$5,631,680
-
1f · All other contributions, gifts and grants
$2,320,939
-
1g · Noncash contributions included above
$1,803,971
-
2a · Program service revenue: Fees
total $324,276 · related or exempt $324,276
-
2b · Program service revenue: Tuition
total $15,731,237 · related or exempt $15,731,237
-
3 · Investment income
total $86,876 · related or exempt $86,876
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Other Income
total $125,609 · related or exempt $125,609
-
11e · Other revenue, total
$125,609
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
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 $760,333 · program services $501,820 · management and general $258,513
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $10,637,208 · program services $10,107,310 · management and general $529,898
-
8 · Pension plan contributions
total $66,147 · program services $48,035 · management and general $18,112
-
9 · Other employee benefits
total $2,515,808 · program services $2,117,092 · management and general $398,716
-
10 · Payroll taxes
total $1,005,900 · program services $920,721 · management and general $85,179
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $22,064 · management and general $22,064
-
11c · Fees: accounting
total $37,100 · management and general $37,100
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $120,748 · program services $72,449 · management and general $48,299
-
12 · Advertising and promotion
total $905,564 · program services $883,172 · management and general $22,392
-
13 · Office expenses
total $76,407 · program services $59,614 · management and general $16,793
-
14 · Information technology
total $373,863 · program services $288,751 · management and general $85,112
-
15 · Royalties
total $0
-
16 · Occupancy
total $2,180,924 · program services $2,174,316 · management and general $6,608
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $240,559 · program services $595 · management and general $239,964
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $165,734 · program services $165,734
-
23 · Insurance
total $58,989 · program services $58,989
-
24a · Other expenses: Food Service
total $747,979 · program services $747,979
-
24b · Other expenses: Staff recruiting and support
total $600,984 · program services $472,873 · management and general $128,111
-
24c · Other expenses: Bad Debt Expense
total $503,196 · program services $503,196
-
24d · Other expenses: Miscellaneous
total $357,828 · program services $214,970 · management and general $142,858
-
24e · All other expenses
total $1,013,230 · program services $862,828 · management and general $85,587 · fundraising $64,815
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $6,403,091 · end of year $8,407,390
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $18,865 · end of year $128,458
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $4,170 · end of year $29,248
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $117,510 · end of year $217,580
-
10a · Land, buildings and equipment: cost or other basis
$1,586,743
-
10b · Land, buildings and equipment: accumulated depreciation
$1,059,697
-
10c · Land, buildings and equipment, net
beginning of year $254,208 · end of year $527,046
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $3,873,812 · end of year $3,655,851
-
17 · Accounts payable and accrued expenses
beginning of year $393,232 · end of year $352,692
-
22 · Loans and payables to officers and key people
beginning of year $197,280 · end of year $190,308
-
23 · Secured mortgages and notes payable
end of year $88,436
-
24 · Unsecured notes and loans payable
beginning of year $5,778,476 · end of year $5,719,835
-
25 · Other liabilities
beginning of year $370,393 · end of year $851,975
-
27 · Net assets without donor restrictions
beginning of year $3,660,548 · end of year $5,468,619
-
28 · Net assets with donor restrictions
beginning of year $271,727 · end of year $293,708
Mission and programs · 2022
Mission
Lionheart Childrens Academy believes in strong foundations, and the laying of those foundations starts early. Our team is dedicated to providing a place where our youngest learners will experience love, security, and joy while engaging in unlimited opportunities to grow and develop. The organization believes and understands the importance of the early childhood years, and is passionate about helping children develop the social, cognitive, and physical skills they'll need as they progress through their education using a holistic approach designed to help children accomplish their future goals. This purposeful and holistic approach to early care and education ensures that the child has a strong and healthy foundation for learning and for life.
Activities or mission (Part I)
Lionheart is a non-profit Christian organization committed to early childhood education to equip kids to be world changers, and support working parents who need quality, affordable care and education for their children. Learn more at http://www.lionheartkid.org.
-
Lionheart Childrens Academy provides fourteen early-childhood programs for children from infancy to twelve years old designed to provide developmentally appropriate activities that build children's skill sets, their confidence, and self-esteem. Lionhearts curriculum is designed to address the needs of the whole child through social/emotional development, physical development, cognitive development, language development, and spiritual development. The academy provides parents with flexible options, excellent care, and peace of mind so they can be effective in their workplace.
Expenses $20,200,444 · Revenue $16,055,513
As filed on the 2022 return.
Listed in Part VII
-
Stan Dobbs
Director
- Total calculated
- $336,333
- From this org
- $83,000
- From related orgs
- $253,333
- Other
- $0
- Hours/week
- 15 + 25 related
Schedule J breakdown matched by us
- Base
- $83,000 + $253,333 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $83,000 + $253,333 related
-
Pete Wayman
President & CEO
- Total calculated
- $244,137
- From this org
- $155,125
- From related orgs
- $89,012
- Other
- $0
- Hours/week
- 36 + 4 related
Schedule J breakdown matched by us
- Base
- $155,125 + $89,012 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $155,125 + $89,012 related
-
Nathan McClintock
Exec VP
- Total calculated
- $179,181
- From this org
- $179,181
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $179,181
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $179,181
-
Ashley Sink
CPO
- Total calculated
- $145,819
- From this org
- $109,364
- From related orgs
- $36,455
- Other
- $0
- Hours/week
- 30 + 10 related
-
Amelia Beall
COO
- Total calculated
- $118,478
- From this org
- $118,478
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Rachel Saucedo
Senior VP
- Total calculated
- $115,185
- From this org
- $115,185
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Walt Holmes
Director
- Total calculated
- $0
- Hours/week
- 0
-
Woody Conradt
Chairman
- Total calculated
- $0
- Hours/week
- 0
-
Donna McClintock
Director
- Total calculated
- $0
- Hours/week
- 0
-
Jeff Williams
Director
- Total calculated
- $0
- Hours/week
- 0
-
Jeff Lamb
Director
- Total calculated
- $0
- Hours/week
- 0
-
Payton Mayes
Director
- Total calculated
- $0
- Hours/week
- 0
-
Tom Ferguson
Director
- Total calculated
- $0
- Hours/week
- 0
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
- 1a · Housing allowance or residence for personal use
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 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
The filer's explanations (Part III)
- Part I, Line 1a: Relevant information in regards to selections on 1a.
- Part III, Additional Information
- Bonuses are based upon enrollment, spiritual impact, and operating results.
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.
-
501(c)(3) · Summer Camp · TX
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202303199349304005
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