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Liberty Classical Academy

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Elementary, Secondary Education, K - 12 (NTEE)

Donations to this organization are tax deductible.

Details

According to its June 2023 tax filing, this nonprofit:

Operated a school
Organization is a school. Details are reported on Schedule E.

Summary charts: organization finances over time

Revenue
$10.3M (2023)

Expenses
$6.34M (2023)

Total Assets
$10.5M (2023)

Total Liabilities
$314k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,270,140
Expenses
$6,339,651
Net Income
$3,930,489
Net Assets
$10,192,218
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,829,553
47.0%
Program Services $5,357,518
52.2%
Investment Income $12,478
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $70,591
0.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $110,000
1.7%
Professional Fundraising Fees $0
Other Salaries and Wages $3,429,193
54.1%
Assets/Debt
Total Assets $10,506,539
Total Liabilities $314,321
Net Assets $10,192,218
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Rebekah Hagstrom (Headmaster/P) $102,215 $0 $0
Greg Bourgond (Board Member) $0 $0 $0
Sara Merritt (Board Member) $0 $0 $0
Dan Nelson (Board Member) $0 $0 $0
Scott Sochay (Board Member) $0 $0 $0
Melanie Zahler (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,261,732
Expenses
$4,558,989
Net Income
$4,702,743
Net Assets
$6,261,729
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,840,417
52.3%
Program Services $4,348,204
46.9%
Investment Income $6,221
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$1,358
Net Inventory Sales $0
Other Revenue $68,248
0.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $58,385
1.3%
Professional Fundraising Fees $0
Other Salaries and Wages $2,565,379
56.3%
Assets/Debt
Total Assets $6,977,009
Total Liabilities $715,280
Net Assets $6,261,729
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Rebekah Hagstrom (Headmaster/P) $58,385 $0 $0
Greg Bourgond (Board Member) $0 $0 $0
Heather Thompson Buum (Board Member) $0 $0 $0
Dan Nelson (Board Member) $0 $0 $0
Scott Sochay (Board Member) $0 $0 $0
Melanie Zahler (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,486,494
Expenses
$3,649,386
Net Income
$837,108
Net Assets
$1,558,986
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,179,793
26.3%
Program Services $3,258,724
72.6%
Investment Income $7,912
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $40,065
0.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $52,538
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $2,066,996
56.6%
Assets/Debt
Total Assets $1,655,139
Total Liabilities $96,153
Net Assets $1,558,986
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Rebekah Hagstrom (Headmaster/P) $52,538 $0 $0
Greg Bourgond (Board Member) $0 $0 $0
Heather Thompson Buum (Board Member) $0 $0 $0
Dan Nelson (Board Member) $0 $0 $0
Scott Sochay (Board Member) $0 $0 $0
Melanie Zahler (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,163,853
Expenses
$3,217,582
Net Income
-$53,729
Net Assets
$721,878
Notable Sources of Revenue Percent of Total Revenue
Contributions $314,088
9.9%
Program Services $2,835,561
89.6%
Investment Income $9,444
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $4,760
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $52,538
1.6%
Professional Fundraising Fees $0
Other Salaries and Wages $1,824,341
56.7%
Assets/Debt
Total Assets $1,154,028
Total Liabilities $432,150
Net Assets $721,878
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Rebekah Hagstrom (Headmaster/P) $52,538 $0 $0
Heather Buum (Board Member) $0 $0 $0
Kim Korn (Board Member) $0 $0 $0
Scott Sochay (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,318,660
Expenses
$3,113,805
Net Income
$204,855
Net Assets
$775,607
Notable Sources of Revenue Percent of Total Revenue
Contributions $474,494
14.3%
Program Services $2,830,118
85.3%
Investment Income $2,514
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$5,253
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $16,787
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $46,500
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $1,628,524
52.3%
Assets/Debt
Total Assets $834,448
Total Liabilities $58,841
Net Assets $775,607
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Rebekah Hagstrom (Headmaster/P) $46,500 $0 $0
Heather Buum (Board Member) $0 $0 $0
Kim Korn (Board Member) $0 $0 $0
Scott Sochay (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,936,777
Expenses
$2,776,036
Net Income
$160,741
Net Assets
$570,752
Notable Sources of Revenue Percent of Total Revenue
Contributions $441,805
15.0%
Program Services $2,478,730
84.4%
Investment Income $968
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$2,080
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $17,354
0.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $67,500
2.4%
Professional Fundraising Fees $0
Other Salaries and Wages $1,404,156
50.6%
Assets/Debt
Total Assets $694,486
Total Liabilities $123,734
Net Assets $570,752
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Rebekah Hagstrom (Headmaster/P) $45,000 $0 $0
Jennica Dixion (Treasurer) $22,500 $0 $0
Kim Korn (Board Member) $0 $0 $0
Heather Buum (Board Member) $0 $0 $0
Scott Sochay (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,353,434
Expenses
$2,176,313
Net Income
$177,121
Net Assets
$410,011
Notable Sources of Revenue Percent of Total Revenue
Contributions $410,622
17.4%
Program Services $1,939,210
82.4%
Investment Income $670
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$3,008
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $5,940
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $58,975
2.7%
Professional Fundraising Fees $0
Other Salaries and Wages $1,068,403
49.1%
Assets/Debt
Total Assets $527,670
Total Liabilities $117,659
Net Assets $410,011
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Rebekah Hagstrom (Headmaster/P) $37,634 $0 $0
Jennica Dixion (Treasurer) $18,975 $0 $0
Kim Korn (Board Member) $0 $0 $0
Peter Hegseth (Board Member) $0 $0 $0
Scott Sochay (Board Member) $0 $0 $0
Heather Thompson Buum (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,872,589
Expenses
$1,896,050
Net Income
-$23,461
Net Assets
$232,890
Notable Sources of Revenue Percent of Total Revenue
Contributions $294,019
15.7%
Program Services $1,569,759
83.8%
Investment Income $408
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$3,420
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $11,823
0.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $45,241
2.4%
Professional Fundraising Fees $0
Other Salaries and Wages $927,350
48.9%
Assets/Debt
Total Assets $328,915
Total Liabilities $96,025
Net Assets $232,890
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Rebekah Hagstrom (Headmaster/P) $26,904 $0 $0
Jennica Dixon (Treasurer) $17,064 $0 $0
Kim Korn (Board Member) $0 $0 $0
Todd Mcgregor (Board Member) $0 $0 $0
Mark Harris (Board Member) $0 $0 $0
Heather Thompson Buum (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,822,788
Expenses
$1,697,754
Net Income
$125,034
Net Assets
$256,351
Notable Sources of Revenue Percent of Total Revenue
Contributions $320,532
17.6%
Program Services $1,490,668
81.8%
Investment Income $263
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$4,465
Sales of Assets -$1,855
Net Inventory Sales $0
Other Revenue $17,645
1.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $47,457
2.8%
Professional Fundraising Fees $0
Other Salaries and Wages $855,881
50.4%
Assets/Debt
Total Assets $362,954
Total Liabilities $106,603
Net Assets $256,351
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Rebekah Hagstrom (Headmaster/P) $36,500 $0 $0
Jennica Dixion (Treasurer) $10,957 $0 $5,782
Theresa Klarr (Secretary) $0 $0 $0
Kim Korn (Board Member) $0 $0 $0
Todd Mcgregor (Board Member) $0 $0 $0
Mark Harris (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,488,905
Expenses
$1,452,443
Net Income
$36,462
Net Assets
$125,317
Notable Sources of Revenue Percent of Total Revenue
Contributions $209,273
14.1%
Program Services $1,267,697
85.1%
Investment Income $812
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$3,575
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $14,698
1.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $36,500
2.5%
Professional Fundraising Fees $0
Other Salaries and Wages $789,957
54.4%
Assets/Debt
Total Assets $168,549
Total Liabilities $43,232
Net Assets $125,317
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Rebekah Hagstrom (Headmaster/P) $36,500 $0 $0
Kim Korn (Board Member) $0 $0 $0
Todd Mcgregor (Board Member) $0 $0 $0
Theresa Klarr (Secretary) $0 $0 $0
Seth Peterson (Board Member) $0 $0 $0
Mark Harris (Board Member) $0 $0 $0
Steven Enderlein (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,084,835
Expenses
$1,104,044
Net Income
-$19,209
Net Assets
$88,855
Notable Sources of Revenue Percent of Total Revenue
Contributions $184,188
17.0%
Program Services $893,615
82.4%
Investment Income $360
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$3,531
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $10,203
0.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $36,500
3.3%
Professional Fundraising Fees $0
Other Salaries and Wages $788,575
71.4%
Assets/Debt
Total Assets $131,252
Total Liabilities $42,397
Net Assets $88,855

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,073,746
Expenses
$1,054,045
Net Income
$19,701
Net Assets
$131,799
Notable Sources of Revenue Percent of Total Revenue
Contributions $152,315
14.2%
Program Services $916,071
85.3%
Investment Income $635
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$4,395
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $9,120
0.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $32,500
3.1%
Professional Fundraising Fees $0
Other Salaries and Wages $736,116
69.8%
Assets/Debt
Total Assets $170,469
Total Liabilities $38,670
Net Assets $131,799

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$931,741
Expenses
$988,790
Net Income
-$57,049
Net Assets
$112,098
Notable Sources of Revenue Percent of Total Revenue
Contributions $134,438
14.4%
Program Services $792,907
85.1%
Investment Income $1,467
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$3,295
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $6,224
0.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $32,538
3.3%
Professional Fundraising Fees $0
Other Salaries and Wages $682,963
69.1%
Assets/Debt
Total Assets $156,375
Total Liabilities $44,277
Net Assets $112,098

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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