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← LIBERTY CLASSICAL SCHOOLS EDUCATIONAL SERVICES INC

Form 990 for tax year 2023

Filed by LIBERTY CLASSICAL SCHOOLS EDUCATIONAL SERVICES INC.

Totals

Total revenue
$2,469,343
Total expenses
$2,120,945
Contributions and grants received
$158,566
Grants paid
$0
Program service revenue
$2,285,730
Investment income
$22,537
Other revenue
$2,510
Total assets, end of year
$1,178,753
Total liabilities, end of year
$401,761
Net assets or fund balances, end of year
$776,992
Program services expenses (Part IX)
$1,322,464
Management and general expenses
$686,541
Fundraising expenses
$111,940
Program service expenses (Part III)
$1,322,464

Program services were 62.4% 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.

  • 1f · All other contributions, gifts and grants

    $158,566

  • 2a · Program service revenue: MANAGEMENT FEES

    total $2,285,730 · related or exempt $2,285,730

  • 3 · Investment income

    total $22,537 · excluded $22,537

  • 11a · Other revenue: REFUNDS & REIMBURSEMEN

    total $2,510 · excluded $2,510

  • 11e · Other revenue, total

    $2,510

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $552,925 · program services $100,454 · management and general $401,816 · fundraising $50,655

  • 7 · Other salaries and wages

    total $1,009,249 · program services $952,712 · management and general $25,799 · fundraising $30,738

  • 8 · Pension plan contributions

    total $50,073 · program services $37,554 · management and general $10,015 · fundraising $2,504

  • 9 · Other employee benefits

    total $62,204 · program services $46,653 · management and general $12,441 · fundraising $3,110

  • 10 · Payroll taxes

    total $109,164 · program services $81,873 · management and general $21,833 · fundraising $5,458

  • 11b · Fees: legal

    total $7,468 · management and general $7,468

  • 11c · Fees: accounting

    total $119,335 · management and general $119,335

  • 11g · Fees: other

    total $44,166 · program services $33,125 · management and general $11,041

  • 12 · Advertising and promotion

    total $18,689 · fundraising $18,689

  • 13 · Office expenses

    total $57,474 · program services $6,994 · management and general $50,480

  • 14 · Information technology

    total $37,546 · program services $28,159 · management and general $9,387

  • 16 · Occupancy

    total $3,780 · program services $250 · management and general $3,530

  • 17 · Travel

    total $7,857 · program services $3,928 · management and general $3,143 · fundraising $786

  • 19 · Conferences, conventions and meetings

    total $26,754 · program services $20,066 · management and general $6,688

  • 23 · Insurance

    total $12,939 · program services $9,704 · management and general $3,235

  • 24a · Other expenses: DUES & SUBSCRIPTIONS

    total $1,272 · program services $954 · management and general $318

  • 24b · Other expenses: LICENSES AND PERMITS

    total $50 · program services $38 · management and general $12

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $410,294 · end of year $956,154

  • 3 · Pledges and grants receivable

    beginning of year $2,000 · end of year $0

  • 4 · Accounts receivable

    beginning of year $25,880 · end of year $200,885

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,481 · end of year $21,714

  • 17 · Accounts payable and accrued expenses

    beginning of year $15,061 · end of year $41,761

  • 19 · Deferred revenue

    beginning of year $0 · end of year $360,000

  • 27 · Net assets without donor restrictions

    beginning of year $428,594 · end of year $776,992

Mission and programs · 2023

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 $1,322,464 · Revenue $2,285,730

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

Listed in Part VII

  • Harrison Coleman

    CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Merrit Huber

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Bobby Jones

    MEMBER

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Matthew Kirby

    CEO / EXECUTIVE DIRECTOR

    Total calculated
    $188,815
    From this org
    $161,417
    From related orgs
    $0
    Other
    $27,398
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $160,417
    Bonus
    $1,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $27,398
    Filer's total
    $188,815

  • Robert Kelly

    CHIEF ADMINISTRATOR / SECRETARY

    Total calculated
    $117,366
    From this org
    $104,693
    From related orgs
    $0
    Other
    $12,673
    Hours/week
    38 + 2 related

  • Mark Nolan

    CFO

    Total calculated
    $112,610
    From this org
    $97,117
    From related orgs
    $0
    Other
    $15,493
    Hours/week
    38 + 2 related

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
DURING 2023, 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, PRESIDENT/CEO, RECEIVED A DISCRETIONARY BONUS IN THE AMOUNT OF $1,000. MARK NOLAN, CFO, RECEIVED A DISCRETIONARY BONUS IN THE AMOUNT OF $1,000. ROBERT KELLY, CHIEF ADMINISTRATOR/SECRETARY, RECEIVED A DISCRETIONARY BONUS IN THE AMOUNT OF $1,000.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
19 December 2024
IRS schema version
2023v5.1
Source object
202443559349301509

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