Live Oak Classical School INC FY2020 filing

Tax-deductible

Waco, TX501(c)(3)Since 2003EducationEIN 77-0616274Revenue $4.5M in FY2020

On file with the IRSliveoakclassical.com400 S 4th St, 76706-1028 · Waco, TXTax-exempt since Jul 2004School — 170(b)(1)(A)(ii)

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Live Oak Classical School strives to equip students to love god with all their hearts, souls, and minds. We draw on the Classical tools of learning to prepare students to reason clearly, communicate effectively, & act responsibly in the world, all for the glory of god.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
$133K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $82K a year · 2% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$133K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 4.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $15K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.6M
66% of total assets
Worth a look: liabilities are 66% of assets; over 65%.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.5M
Spent
$4.5M
To programs
83%
Net assets
$783K
By yearFY2020–FY2025
Revenue
$4.5M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$4.5M
FY2021$4.6M
FY2022$4.9M
FY2023$5.3M
FY2024$6.2M
FY2025$6.9M
Expenses
$4.5M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$4.5M
FY2021$4.5M
FY2022$5.1M
FY2023$5.9M
FY2024$6.2M
FY2025$6.8M
Net assets
$783K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$783K
FY2021$8K
FY2022−$4.5M
FY2023−$5.0M
FY2024−$4.7M
FY2025−$201K

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2004.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $3.7M Management & general 17% · $743K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990; $133K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Head of School,non-Voting
$69,000Pt VII · Sec A
CFO, Non-Voting
$53,708Pt VII · Sec A
Finance Director, Non-Voting
$10,000Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Alison Moffat’s $126K as Former Head of School, Non-Voting is at the 50th percentile of top reported officer pay among 3395 $1–10M education 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 · 6 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Alison Moffat$125,564$121,535—$73,000$71,777$69,000
Alison Moffatt——$99,942———
Brice Helton$83,481—————
Donna Zemanek$73,168$69,004$65,101$62,276$61,421$10,000
Sheryl Groppe—————$53,708
Sarah Pearsall$48,858—————

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.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Educates students using classical methods to foster faith, reason, and responsibility.

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Provided by the organization

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1 program · $3.7M · in their own filed words · FY2019
01

To provide a christian and classical education for children in grades k through 12. During the year ended june 30, 2020, the school provided education for 436 students.

$3.7Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$15K
Grants paid · 5 grants · $2.6M · 2019–2023
Unitemized GrantFY2023$600,000
Unitemized GrantFY2022$555,880
Unitemized GrantFY2021$535,970
Unitemized GrantFY2020$456,756
Unitemized GrantFY2019$425,353

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$4.5M
Ln 12
Fees for servicesLn 2g$4.0M
Gifts and grantsLn 1h$377K
Other incomeLn 4–11$165K
Money outPt IX
$4.5M
Ln 25
Programscol B$3.7M
Managementcol C$743K
Owns and owesPt X
$783K
net assets · Ln 32
Cash and savingsLn 1–2$1.8M
Total assetsLn 16$2.3M
LiabilitiesLn 26$1.6M
PeoplePt VI, VII
13
listed · VII A
PaidVII A3
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$377K
Noncash giftsLn 1g$16K
Fundraising eventsLn 1c$19K
Fees for servicesLn 2g$4.0M
Investment incomeLn 3$3K
Other incomeLn 4–11$165K
Total revenueLn 12$4.5M
Assets in detailPt X, end of year
CashLn 1$1.3M
SavingsLn 2$523K
Cash and savings togetherLn 1–2$1.8M
Land, buildings, equipmentLn 10c$145K
Total assetsLn 16$2.3M
LiabilitiesLn 26$1.6M
Net assetsLn 32$783K
OperationsPt I, VI
EmployeesI 5133
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$727K$1.8M
Land, buildings, equipmentLn 10c$214K$145K
Total assetsLn 16$1.5M$2.3M
LiabilitiesLn 26$586K$1.6M
Net assetsLn 32$900K$783K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$425K$425K
Pay of current officers, directors and key staffLn 5$140K$140K
Other salaries and wagesLn 7$2.2M$1.8M$411K
Pension plan contributionsLn 8$13K$12K$2K
Other employee benefitsLn 9$24K$19K$6K
Payroll taxesLn 10$182K$140K$42K
Accounting feesLn 11c$9K$9K
Advertising and promotionLn 12$9K$9K
Office expensesLn 13$83K$3K$80K
Information technologyLn 14$23K$23K
OccupancyLn 16$920K$920K
TravelLn 17$12K$12K$194
Conferences, conventions and meetingsLn 19$30K$29K$1K
Depreciation, depletion and amortizationLn 22$69K$69K
InsuranceLn 23$3$3
Other expenses (24a–d)Ln 24$255K$252K$3K
All other expensesLn 24e$45K$27K$18K
Total functional expensesLn 25$4.5M$3.7M$743K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $6.9M$6.8M$133K−$201K 990 PDF
FY2024 $6.2M$6.2M−$57K−$4.7M 990 PDF
FY2023 $5.3M$5.9M−$584K−$5.0M 990 PDF
FY2022 $4.9M$5.1M−$147K−$4.5M 990 PDF
FY2021 $4.6M$4.5M$116K$8K 990 PDF
FY2020 Viewing $4.5M$4.5M$46K$783K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $4,534,185 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $192,751$376,733
I-9 Program service revenuePrior year $3,935,392$3,989,348
I-10 Investment incomePrior year $3,530$3,185
I-11 Other revenuePrior year $235,849$164,919
I-12 Total revenuePrior year $4,367,522$4,534,185
I-13 Grants and similar amounts paidPrior year $438,623$425,353
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,395,314$2,607,542
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,511,300$1,455,516
I-18 Total expensesPrior year $4,345,237$4,488,411
I-19 Revenue less expensesPrior year $22,285$45,774
Part VI · Governance 10 of 10 board members independent, 2 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,534,185 across 9 lines filed
Lines not itemized here account for $4,911 of total revenue; see the IRS return.
VIII-1c Fundraising events$19,053
VIII-1f All other contributions, gifts and grants$357,680
VIII-1g Noncash contributions (included above)$15,969
VIII-1h Total contributions, gifts and grants$376,733
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,989,348$3,989,348
VIII-3 Investment incomeExcluded from tax $3,185$3,185
VIII-6 Net rental income or lossRelated to mission $122,667 · Unrelated business $14,625$137,292
VIII-8 Net income from fundraising eventsExcluded from tax $22,716$22,716
VIII-12 Total revenueRelated to mission $4,116,926 · Unrelated business $14,625 · Excluded from tax $25,901$4,534,185
Part IX · Statement of functional expenses $4,488,411 across 17 lines filed
IX-2 Grants to domestic individualsPrograms $425,353$425,353
IX-5 Pay of current officers, directors and key staffManagement $139,586$139,586
IX-7 Other salaries and wagesPrograms $1,837,151 · Management $410,852$2,248,003
IX-8 Pension plan contributionsPrograms $11,505 · Management $1,758$13,263
IX-9 Other employee benefitsPrograms $18,753 · Management $5,602$24,355
IX-10 Payroll taxesPrograms $140,398 · Management $41,937$182,335
IX-11c Accounting feesManagement $9,376$9,376
IX-12 Advertising and promotionManagement $8,797$8,797
IX-13 Office expensesPrograms $3,202 · Management $79,610$82,812
IX-14 Information technologyManagement $23,242$23,242
IX-16 OccupancyPrograms $919,844$919,844
IX-17 TravelPrograms $11,580 · Management $194$11,774
IX-19 Conferences, conventions and meetingsPrograms $29,267 · Management $1,011$30,278
IX-22 Depreciation, depletion and amortizationPrograms $68,930$68,930
IX-23 InsurancePrograms $3$3
IX-24 Other expenses (24a–d)Programs $252,018 · Management $3,326$255,344
IX-24e All other expensesPrograms $27,116 · Management $18,000$45,116
IX-25 Total functional expensesPrograms $3,745,120 · Management $743,291 · Fundraising $0$4,488,411
Part X · Balance sheet $2,335,178 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $361,090$1,324,591
X-2 Savings and temporary cash investmentsStart of year $366,349$523,327
X-4 Accounts receivableStart of year $471,113$310,683
X-8 Inventories for sale or useStart of year $21,195$21,195
X-9 Prepaid expenses and deferred chargesStart of year $51,787$10,380
X-10c Land, buildings and equipment, netStart of year $213,932$145,002
X-16 Total assetsStart of year $1,485,466$2,335,178
X-17 Accounts payable and accrued expensesStart of year $81,157$110,750
X-19 Deferred revenueStart of year $447,308$950,343
X-24 Unsecured notes and loans payable$460,118
X-26 Total liabilitiesStart of year $585,862$1,551,993
X-27 Net assets without donor restrictionsStart of year $411,687$244,243
X-28 Net assets with donor restrictionsStart of year $487,917$538,942
X-32 Total net assets or fund balancesStart of year $899,604$783,185
X-33 Total liabilities and net assetsStart of year $1,485,466$2,335,178
Part XI · Reconciliation of net assets $783,185 net assets at year end
XI-1 Total revenue$4,534,185
XI-2 Total expenses$4,488,411
XI-3 Revenue less expenses$45,774
XI-4 Net assets at start of year$899,604
XI-8 Prior period adjustments$11,062
XI-9 Other changes in net assets−$173,255
XI-10 Net assets at end of year$783,185

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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