Liberty Academy
- Assets
- $5.8m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 104
- Location
- Salem, UT
- Founding
- Data as of
- 06/2016
- EIN
- 20-3757798
Organization Overview
Liberty Academy is located in Salem, UT. As of 06/2016, Liberty Academy employed 104 individuals. Liberty Academy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2016
Describe the Organization's Mission:
Part 3 - Line 1
TO MANAGE, OPERATE, GUIDE, DIRECT, AND PROMOTE A PUBLIC CHARTER SCHOOL FUNDED BY LOCAL, STATE, AND FEDERAL SOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF ONE PUBLIC CHARTER SCHOOL FOR STUDENTS FROM KINDERGARTEN THROUGH TWELTH GRADE.
OPERATION OF A FOOD SERVICE PROGRAM FOR STUDENTS AND FACULTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Fillerup Director | Officer | $0 | |
Gregg Huff Board Member | Trustee | 1 | $0 |
Dee Henderson Board Member | Trustee | 1 | $0 |
Dave Rumfield Board Member | Trustee | 1 | $0 |
Lemira Wheelwright Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,131,173 |
| Investment income | $1,044 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,183,940 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,310,771 |
| Pension plan accruals and contributions | $217,068 |
| Other employee benefits | $136,086 |
| Payroll taxes | $102,245 |
| Fees for services: Management | $477,771 |
| Fees for services: Legal | $2,324 |
| Fees for services: Accounting | $13,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $52,959 |
| Advertising and promotion | $0 |
| Office expenses | $19,374 |
| Information technology | $10,527 |
| Royalties | $0 |
| Occupancy | $83,371 |
| Travel | $16,490 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,336 |
| Interest | $278,986 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $208,083 |
| Insurance | $17,082 |
| All other expenses | $0 |
| Total functional expenses | $3,249,579 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $324,441 |
| Savings and temporary cash investments | $14,961 |
| Pledges and grants receivable | $86,208 |
| Accounts receivable, net | $5,059 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $281,494 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $150,259 |
| Total assets | $5,796,173 |
| Accounts payable and accrued expenses | $348,481 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,095,877 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,444,358 |
| Net assets without donor restrictions | $351,815 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $351,815 |
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