Totals
- Total revenue
- $12,582,281
- Total expenses
- $11,533,052
- Contributions and grants received
- $12,476,230
- Grants paid
- $0
- Program service revenue
- $106,051
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $17,901,193
- Total liabilities, end of year
- $13,174,944
- Net assets or fund balances, end of year
- $4,726,249
- Program services expenses (Part IX)
- $9,740,292
- Management and general expenses
- $1,792,760
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $9,740,292
Program services were 84.5% 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.
-
1e · Government grants (contributions)
$10,478,914
-
1f · All other contributions, gifts and grants
$1,997,316
-
2a · Program service revenue: OTHER REVENUE
total $77,786 · related or exempt $77,786
-
2b · Program service revenue: PUPIL ACTIVITY
total $24,616 · related or exempt $24,616
-
2c · Program service revenue: SCHOOL LUNCH SALES
total $3,649 · related or exempt $3,649
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $198,987 · management and general $198,987
-
7 · Other salaries and wages
total $6,502,431 · program services $5,979,201 · management and general $523,230
-
8 · Pension plan contributions
total $103,939 · program services $97,148 · management and general $6,791
-
9 · Other employee benefits
total $787,165 · program services $724,587 · management and general $62,578
-
10 · Payroll taxes
total $491,513 · program services $440,312 · management and general $51,201
-
11b · Fees: legal
total $29,969 · management and general $29,969
-
11c · Fees: accounting
total $10,100 · management and general $10,100
-
11g · Fees: other
total $514,364 · program services $260,347 · management and general $254,017
-
12 · Advertising and promotion
total $13,909 · management and general $13,909
-
13 · Office expenses
total $37,497 · management and general $37,497
-
14 · Information technology
total $202,173 · program services $175,166 · management and general $27,007
-
16 · Occupancy
total $408,934 · program services $408,934
-
17 · Travel
total $15,894 · management and general $15,894
-
20 · Interest
total $444,293 · program services $444,293
-
22 · Depreciation, depletion and amortization
total $393,441 · program services $314,753 · management and general $78,688
-
23 · Insurance
total $79,537 · management and general $79,537
-
24a · Other expenses: SCHOOL LUNCH EXPENSES
total $531,257 · program services $531,257
-
24b · Other expenses: STUDENT SUPPLIES & TEXT
total $208,243 · program services $208,243
-
24c · Other expenses: FEE PAID TO DISTRICT
total $187,884 · management and general $187,884
-
24d · Other expenses: SUPPLIES
total $159,304 · management and general $159,304
-
24e · All other expenses
total $212,218 · program services $156,051 · management and general $56,167
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,221,477 · end of year $1,835,295
-
3 · Pledges and grants receivable
beginning of year $104,468 · end of year $220,762
-
9 · Prepaid expenses and deferred charges
beginning of year $76,058 · end of year $231,556
-
10a · Land, buildings and equipment: cost or other basis
$8,161,754
-
10b · Land, buildings and equipment: accumulated depreciation
$650,879
-
10c · Land, buildings and equipment, net
beginning of year $5,269,991 · end of year $7,510,875
-
15 · Other assets
beginning of year $2,071,137 · end of year $8,102,705
-
17 · Accounts payable and accrued expenses
beginning of year $266,111 · end of year $345,511
-
19 · Deferred revenue
end of year $29,433
-
23 · Secured mortgages and notes payable
beginning of year $4,800,000 · end of year $12,800,000
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $3,677,020 · end of year $4,726,249
Mission and programs · 2024
Mission
LIBERTY STEAM CHARTER WORKS TO PROVIDE ALL STUDENTS WITH EQUAL ACCESS TO A WORLD-CLASS K-12 EDUCATION IN AN ACADEMICALLY RIGOROUS AND STUDENT-CENTERED LEARNING ENVIRONMENT, CREATING GRADUATES WHO WILL BE THOUGHTFUL AND ENGAGED CITIZENS PREPARED TO TAKE ON THE LEADERSHIP CHALLENGES OF THE 21ST CENTURY.
-
LIBERTY STEAM CHARTER SCHOOLS OPERATED SCHOOLS AT 2 LOCATIONS IN SUMTER, SOUTH CAROLINA. THE SCHOOL OPERATES WITHIN THE SOUTH CAROLINA PUBLIC CHARTER SCHOOL DISTRICT AND IT SERVED APPROXIMATELY 913 STUDENTS FROM KINDERGARTEN THROUGH GRADE FIVE DURING THE 2024-2025 SCHOOL YEAR.
Expenses $9,740,292 · Revenue $106,051
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Rev Dr Marion NewtonREV DR MARION NEWTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Dr Rodney ThompsonDR RODNEY THOMPSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Rev Dr Marion NewtonREV DR MARION NEWTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Dr Rodney ThompsonDR RODNEY THOMPSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Greg A ThompsonGREG A THOMPSON
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 5
-
Dexter DavisDEXTER DAVIS
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 5
-
Rodney ThompsonRODNEY THOMPSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Cameron ChandlerCAMERON CHANDLER
TRASURER
- Total calculated
- $0
- Hours/week
- 5
-
Trevor IveyTREVOR IVEY
EXECUTIVE DIRECTOR
- Total calculated
- $200,159
- From this org
- $198,987
- From related orgs
- $0
- Other
- $1,172
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $198,987
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $1,172
- Filer's total
- $200,159
-
Jenny KnopfJENNY KNOPF
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Elayne BrunsonELAYNE BRUNSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Kim RauschenbachKIM RAUSCHENBACH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Emily HatfieldEMILY HATFIELD
EMPLOYEE
- Total calculated
- $110,737
- From this org
- $110,737
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Leandrea MontgomeryLEANDREA MONTGOMERY
EMPLOYEE
- Total calculated
- $102,194
- From this org
- $102,194
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Michelle McDonaldMICHELLE MCDONALD
EMPLOYEE
- Total calculated
- $127,324
- From this org
- $127,324
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Sally HarrisSALLY HARRIS
EMPLOYEE
- Total calculated
- $115,776
- From this org
- $115,776
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Nicky PackNICKY PACK
EMPLOYEE
- Total calculated
- $108,395
- From this org
- $108,395
- From related orgs
- $0
- Other
- $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
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 5 March 2026
- IRS schema version
- 2024v5.5
- Source object
- 202600649349300205
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