Libertas College Preparatory
Nonprofit profile at a glance
- EIN
- 464828289
- IRS 990 coverage
- 2014–2024
- Forms available
- Form 990 2024
- Location
- Los Angeles, CA, USA
- Phone
- 3234006149
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Specialized Education Institutions
Reported finances
- Revenue
- $6,946,483
- Expenses
- $6,800,977
- Assets
- $6,677,006
- Liabilities
- $4,881,408
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Highest reported compensation
- DANIEL MAGUIRE (HEAD OF SCHOOL): $137,483 total reported compensation
- SAKSHI JAIN (ASSISTANT PRINCIPAL): $114,283 total reported compensation
- DANIEL MENDEZ (ASSISTANT PRINCIPAL): $111,691 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of libertas college preparatory charter school is to equip middle school students in grades 4-8 with the academic skills and the strength of character needed to thrive in and graduate from high-performing high schools and competitive colleges.
What it reported doing in 2024
Operation of a public charter school designed to support middle school students through the transition from elementary school to a high-performing high school, allowing them to eventually enter the college of their choice. We are founded on the belief that all students, regardless of background or previous academic performance, can develop the foundational skills, content knowledge, and strength of character to build school success and graduate from college. Our early start middle school program ensures that students are on track for college. Our 4th grade start gives students extra time to develop strong reading habits and math skills by 8th grade. Libertas provides a rigorous academic curriculum coupled with a culture of high expectations and positivity to promote student growth.
Operating model
- Revenue model
- Grant-funded. 91% 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 77
- Transparency & Controls: 92
- Accountability: 100
- Sustainability: 38
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 74.8%; rating input score 75
- Program expense ratio: 75.5%; rating input score 75
- Fundraising efficiency: $558.79 raised per $1 spent on fundraising; rating input score 96; 96th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 2.1%; rating input score 42; 42nd percentile among comparable filings
- Total-asset coverage ratio: 0.98; rating input score 36; 36th percentile among comparable filings
- Liabilities to assets ratio: 0.73; rating input score 12; 12th percentile among comparable filings
- Officer compensation ratio: 5.3%; rating input score 51; 51st percentile among comparable filings
Growth
- Program expense growth: 18.8% per year; rating input score 100; 84th percentile among comparable filings
- Revenue growth: 17% per year; rating input score 100; 85th percentile among comparable filings
- Asset growth: 27.7% per year; rating input score 100; 92nd percentile among comparable filings
Details
- Where the money goes: 74.8% of revenue deployed · 75.5% of spending went to programs
- Governance: 11 of 11 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $5.1M in reported program spending
- Leadership: top reported pay $137K · 14 people listed
- Highest-paid contractors: 4 contractors listed · $981K reported
- Consistency: 30 of 30 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 10 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Moderate — Sustainability: Operating margin scored 42/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 36/100.
- High — Sustainability: Liabilities to assets ratio scored 12/100.
- Review — Sustainability: Officer compensation ratio scored 51/100.
- Review — Grant Readiness: California registration: this organization could not be resolved against the register, so the check is unfinished.