Form 990 for tax year 2022
Filed by LIBERTY CLASSICAL SCHOOLS EDUCATIONAL SERVICES INC.
Totals
- Total revenue
- $1,670,536
- Total expenses
- $1,261,942
- Contributions and grants received
- $59,500
- Grants paid
- $0
- Program service revenue
- $1,603,165
- Investment income
- $5,471
- Other revenue
- $2,400
- Total assets, end of year
- $443,655
- Total liabilities, end of year
- $15,061
- Net assets or fund balances, end of year
- $428,594
- Program services expenses (Part IX)
- $730,642
- Management and general expenses
- $398,190
- Fundraising expenses
- $133,110
- Program service expenses (Part III)
- $730,642
Program services were 57.9% 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)
$50,000
-
1f · All other contributions, gifts and grants
$9,500
-
2a · Program service revenue: MANAGEMENT FEES
total $1,603,165 · related or exempt $1,603,165
-
3 · Investment income
total $5,471 · excluded $5,471
-
11a · Other revenue: REFUNDS & REIMBURSEMEN
total $2,400 · excluded $2,400
-
11e · Other revenue, total
$2,400
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $181,456 · program services $45,364 · management and general $90,728 · fundraising $45,364
-
7 · Other salaries and wages
total $738,193 · program services $542,916 · management and general $121,458 · fundraising $73,819
-
8 · Pension plan contributions
total $7,276 · program services $4,865 · management and general $1,683 · fundraising $728
-
9 · Other employee benefits
total $17,033 · program services $11,720 · management and general $3,610 · fundraising $1,703
-
10 · Payroll taxes
total $57,807 · program services $42,684 · management and general $9,342 · fundraising $5,781
-
11b · Fees: legal
total $680 · management and general $680
-
11c · Fees: accounting
total $137,640 · management and general $137,640
-
11g · Fees: other
total $42,500 · program services $34,750 · management and general $7,750
-
12 · Advertising and promotion
total $1,791 · program services $1,075 · management and general $537 · fundraising $179
-
13 · Office expenses
total $13,843 · management and general $13,843
-
14 · Information technology
total $46,407 · program services $35,844 · management and general $5,922 · fundraising $4,641
-
16 · Occupancy
total $1,250 · management and general $1,250
-
17 · Travel
total $1,276 · program services $765 · management and general $383 · fundraising $128
-
19 · Conferences, conventions and meetings
total $6,873 · program services $4,811 · management and general $2,062
-
23 · Insurance
total $7,673 · program services $5,604 · management and general $1,302 · fundraising $767
-
24a · Other expenses: DUES & SUBSCRIPTIONS
total $244 · program services $244
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $20,000 · end of year $410,294
-
3 · Pledges and grants receivable
end of year $2,000
-
4 · Accounts receivable
end of year $25,880
-
9 · Prepaid expenses and deferred charges
end of year $5,481
-
17 · Accounts payable and accrued expenses
end of year $15,061
-
27 · Net assets without donor restrictions
beginning of year $20,000 · end of year $428,594
Mission and programs · 2022
Mission
TO FORM, ORGANIZE, OPERATE, AND SUPPORT K THROUGH 12 CHARTER SCHOOLS THAT DEVELOP STUDENTS IN MIND AND CHARACTER THROUGH A CLASSICAL, CONTENT-RICH CIRRICULUM THAT EMPHASIZES THE PRINCIPLES OF VIRTUOUS LIVING, TRADITIONAL LEARNING, AND CIVIC RESPONSIBILITY GROUNDED UPON PRINCIPLES OF OBJECTIVE TRUTH, VIRTUE, COURAGE, COURTESY, HONESTY, PERSERVERANCE, SELF-GOVERNMENT, AND SERVICE; AND, TO PROVIDE SUCH OTHER PROGRAMS AND RESOURCES IN FURTHERANCE OF THIS PURPOSE.
Activities or mission (Part I)
TO FORM, ORGANIZE, OPERATE, AND SUPPORT K THROUGH 12 CHARTER SCHOOLS THAT DEVELOP STUDENTS IN MIND AND CHARACTER.
-
LIBERTY CLASSICAL SCHOOLS IS A CHARTER MANAGEMENT ORGANIZATION AND ITS LEADERSHIP TEAM INCLUDES EXPERIENCED OPERATORS OF AMERICAN CLASSICAL EDUCATION CHARTER SCHOOLS. IT ALIGNS ITS SERVICES EXCLUSIVELY TO LAUNCH AND SUPPORT THAT SCHOOL MODEL IN PUBLIC CHARTER SCHOOL OR PRIVATE SCHOOL ENVIRONMENTS. LIBERTY SUPPORTS THE ESTABLISHMENT, MANAGEMENT, DATA TRACKING AND REPORTING, AND ADMINISTRATIVE OPERATIONS OF A NETWORK OF AUTONOMOUS NONPROFIT CHARTER SCHOOLS THAT IMPLEMENT THE AMERICAN CLASSICAL EDUCATION MODEL IN THE SOUTHEASTERN UNITED STATES.
Expenses $730,642 · Revenue $1,603,165
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Matthew KirbyMATTHEW KIRBY
CEO / EXECUTIVE DIRECTOR
- Total calculated
- $173,748
- From this org
- $144,315
- From related orgs
- $0
- Other
- $29,433
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $141,286
- Bonus
- $3,029
- Other
- $0
- Deferred
- $5,477
- Nontaxable benefits
- $23,956
- Filer's total
- $173,748
-
Robert KellyROBERT KELLY
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Harrison ColemanHARRISON COLEMAN
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Merritt HuberMERRITT HUBER
TREASURER
- Total calculated
- $0
- Hours/week
- 1
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 · Independent compensation consultant
- 3 · Approval by the board or compensation committee
- 7 · Other non-fixed payments
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
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 3
- IN COOPERATION WITH INTERNATIONAL SEARCH FIRM CARNEY SANDOE (BASED IN BOSTON), DR. BRIAN CARPENTER (EDUCATIONAL CONSULTANT) AND ALSO COMPARING COMP PACKAGES WITH SIMILAR ORGANIZATIONS, THE BOARD DEVELOPED THE CEO'S COMPENSATION PACKAGE. COMPENSATION FOR OTHER OFFICERS IS COMPARED TO INDUSTRY STANDARDS USING A NORMAL SEARCH WITH BROAD BENCHMARKS AND SUBJECT TO THE BOARD'S APPROVAL.
- PART I, LINE 7
- MATTHEW KIRBY, CEO / EXECUTIVE DIRECTOR, RECEIVED A DISCRETIONARY BONUS IN THE AMOUNT OF $3,029.
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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 December 2023
- IRS schema version
- 2022v5.0
- Source object
- 202303489349301250
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