Libertas Academies
Nonprofit profile at a glance
- EIN
- 874586839
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024, Form 990-EZ 2022, Form 990-N 2023
- Location
- Forest City, NC, USA
- Phone
- 8645806171
- Rating
- 37
- Verdict
- REVIEW
- Rating confidence
- Moderate
- Sector
- Elementary, Secondary Education, K - 12
Reported finances
- Revenue
- $373,897
- Expenses
- $255,190
- Assets
- $206,600
- Liabilities
- $87,894
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
People named in this filing
- BRIAN MORSE (BOARD MEMBER)
- ELIZABETH MOORE (BOARD MEMBER)
- JESS STYERS (BOARD MEMBER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
At libertas academy, we are more than a school--we are a community. We partner with families to ensure every child receives the support they need to thrive. Join us as we build a brighter future for spartanburg county students!
What it reported doing in 2024
Libertas academies is in the planning stages for the 2026-27 school year. Libertas academy will serve students in grades 4k-6, adding one grade each year until reaching 4k-8. Our curriculum (core knowledge, eureka math, and core virtues) emphasizes strong foundational skills, character development, and hands-on learning experiences to help students excel. We believe in educating the next generation of american citizens.
Operating model
- Revenue model
- Grant-funded. 61% of the money available for current operations came from government grants.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
REVIEW - The filed numbers largely add up and revenue has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 3
- Transparency & Controls: 90
- Accountability: 12
- Sustainability: 59
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 2.9%; rating input score 3
- Program expense ratio: 4.3%; rating input score 4
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: Limited
- Governance controls: 2 of 7 controls in place; rating input score 29
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 31.7%; rating input score 83; 83rd percentile among comparable filings
- Total-asset coverage ratio: 0.81; rating input score 35; 35th percentile among comparable filings
- Liabilities to assets ratio: 0.43; rating input score 12; 12th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 51.9% per year; rating input score 100; 97th percentile among comparable filings
- Asset growth: 81.9% per year; rating input score 100; 98th percentile among comparable filings
Details
- Where the money goes: 2.9% of revenue deployed · 4.3% of spending went to programs
- Governance: 2 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $11K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 17 of 17 current checks pass
- Schedules: 4 filed schedules
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 3/100.
- High — Financial Efficiency: Program expense ratio scored 4/100.
- High — Accountability: Governance controls: 4 of 6 not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 35/100.
- High — Sustainability: Liabilities to assets ratio scored 12/100.