Liberty Bible Academy Association Inc
- Assets
- $3.3m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 63
- Location
- Mason, OH
- Founding
- 05/1983
- Data as of
- 06/2023
- EIN
- 31-1056220
Organization Overview
Liberty Bible Academy Association Inc is located in Mason, OH. The organization was established in 1983. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Liberty Bible Academy Association Inc employed 63 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Liberty Bible Academy Association Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Liberty Bible Academy Association Inc generated $2.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $2.1m during the year ending 06/2023. While expenses have increased by 3.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ACADEMIC PROGRAM - EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACADEMIC PROGRAM - EDUCATIONKINDERGARTEN THROUGH GRADE 12313 STUDENTS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dana Honerlaw Garwood Principal | Trustee | 40 | $58,570 |
Ona Truesdale Trustee | Trustee | 40 | $49,636 |
Frank Smith Treasurer | Officer | 30 | $37,976 |
Beau Vanderbur Trustee | Trustee | 1 | $0 |
Chad Bowen Trustee | Trustee | 1 | $0 |
Allan Chaza Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $248,467 |
| Noncash contributions included in lines 1a–1f | $8,824 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $248,467 |
| Total Program Service Revenue | $2,016,699 |
| Investment income | $18,321 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,186 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $104,149 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,391,965 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $146,182 |
| Compensation of current officers, directors, key employees. | $146,182 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,222,592 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $104,712 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,551 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,193 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $77,709 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $85,248 |
| Insurance | $13,049 |
| All other expenses | $243,071 |
| Total functional expenses | $2,076,147 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,280,069 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $111,800 |
| Accounts receivable, net | $25,668 |
| 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 |
| Net Land, buildings, and equipment | $1,869,404 |
| Investments—publicly traded securities | $2,112 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,083 |
| Total assets | $3,290,136 |
| Accounts payable and accrued expenses | $17,594 |
| Grants payable | $0 |
| Deferred revenue | $49,003 |
| 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 | $1,431,633 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,498,230 |
| Net assets without donor restrictions | $1,767,014 |
| Net assets with donor restrictions | $24,892 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,290,136 |