Libera INC EIN 47-1601546

Libera INC

Not yet claimed Claim this org →

Educates and empowers women and children to find freedom. For fiscal year 2024 it reported $986K in revenue, $723K in expenses, and $449K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Morgantown, WV
Website
www.liberawv.com
Filings
4 on file (2021–2024)
Revenue
$986KFY2024
Expenses
$723K
Net assets
$449K
People
8
Filings
4
Updates
0
More identity details & actions ⌄
EIN  47-1601546 Public charity (501(c)(3)) Morgantown, WV
Form 990 (PDF)
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Libera INC claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Educates and empowers women and children to find freedom.
Leadership
Karen Haring · Executive Director · $80K
Money in and out
$986K revenue, $723K expenses
Bottom line
82% program efficiency
Where the money goes · FY2024
Total revenue
$986K
Pt VIII · Ln 12
Total expenses
$723K
Pt IX · Ln 25
Net assets
$449K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $263K
Where spending went · Part IX cols B–D
Program services $0.82 Management & general $0.12 Fundraising $0.06
Program efficiency
82%
of spending reaches programs▲ +10% vs prior filing year
Operating runway
4.9mo
months of highly liquid reserves at operating expense rate▲ +48% vs prior filing year
Surplus margin
+27%
revenue over expenses, this year▲ +242% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$986K
FY2024▲ +52%
Expenses
$723K
FY2024▲ +21%
Total assets
$473K
FY2024▲ +114%
Total liabilities
$24K
FY2024▼ -33%
Total revenue
$986K
Pt VIII · Ln 12
Total expenses
$723K
Pt IX · Ln 25
Net assets
$449K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$263K
Total assetsPt X · Ln 16$473K
Program-expense ratioPt IX · col B82%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

2 program services account for $596K of program spending, described in the organization's own filed words · FY2024.
01

Mentoring/Peer Support-During 2024, 323 Girls mentored in groups or individually in 10 West Virginia counties. We provided Libera groups in middle schools and high schools, foster congregate care homes, emergency shelters, youth reporting centers, and juvenile detention centers. Groups and mentoring are based on our Libera model.

$508Kprogram expense
02

Social Enterprise-Our Lila Bear program provided over 1,800 STEAM activity boxes to Title I elementary students across West Virginia, while also employing 4 young women who aged out of foster care.

$88Kprogram expense

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLibera INC
EINHdr · item D47-1601546
Principal addressHdr · item CMorgantown, WV
WebsiteHdr · item Jwww.liberawv.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWV
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P80)
Ruling yearIRS BMFApr 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$80,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Karen Haring’s $80K as Executive Director is at the 71st percentile of top reported officer pay among 2165 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022
Karen Haring$80,000$74,160
Karen Haring$74,160

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Libera INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Contributions & grants$993K · 101%
Investment income$6K · 1%
Contributions & grants101%$993K
Investment income1%$6K
— government grantsLn 1e$334K
Total revenueLn 12$986K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.82 Management & general $0.12 Fundraising $0.06
Program services82%$596K
Management & general12%$87K
Fundraising6%$40K
Total functional expensesLn 25$723K

Balance Sheet

Part X · end of year
CashLn 1$295K
Total assetsLn 16$473K
Total liabilitiesLn 26$24K
Total net assetsLn 32$449K
Months of cash on handcomputed4.9

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $295K · Operating expenses/yr $723K
4.9 months
Where the money goes
Program services
Program services $596K · Total expenses $723K
82%
Management & General
Management & general $87K · Total expenses $723K
12%
Fundraising
Fundraising $40K · Total expenses $723K
6%
Cost to raise $1
Fundraising expense (3-yr avg) $43K · Solicited contributions (3-yr avg) $455K
$0.09 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $993K · Total revenue $986K
101%
Government reliance
Government grants $334K · Total revenue $986K
34%
Earned-income share
Program service revenue $0 · Total revenue $986K
0%
Investment reliance
Investment income $6K · Total revenue $986K
+0.6%
Program self-sufficiency
Program service revenue $0 · Total expenses $723K
0%
Growth & trend
Revenue growth (YoY)
This year $986K · Prior year $648K
+52%
Net-asset trend (YoY)
End of year $449K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $986K · Expenses $723K
+27%
Liabilities-to-Assets
Total liabilities — · Total assets $473K
Net-asset ratio
Net assets $449K · Total assets $473K
95%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $473K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Karen Haring · Reported title Executive Director · Highest reported compensation $80K · Total expenses $723K
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $535K · Total expenses $723K
74%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 82%
Overhead ratio 12%
Fundraising cost ratio 4%
Revenue growth 52%
Legal fee ratio 7%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
See all 3 funders →

Similar Organizations

Closest in mission — by what they do
See all organizations like Libera INC →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$986K revenue · viewing · ⤓ 990 PDF
FY2023$648K revenue · ⤓ 990 PDF
FY2022$446K revenue · ⤓ 990 PDF
FY2021$397K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.