Liberty High School FY2020 filing

Tax-deductible

Dayton, OH501(c)(3)EducationEIN 81-0862160Revenue $2.6M in FY2020

On file with the IRS140 N Keowee Street, 45402-1373 · Dayton, OHTax-exempt since Jun 2018Publicly supported charity — 170(b)(1)(A)(vi)

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Liberty High School is a public charter school in a newly renovated facility that uses innovative academic strategies to engage students in the learning process.

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
$6K 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
6 of 6
filings with a surplus
Average surplus $944K a year · 22% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$6K
to officers and key staff · 0.3% of spending
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $22K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.3M
88% of total assets
Concern: liabilities are 88% of assets; over 80%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.6M
Spent
$2.2M
To programs
97%
Net assets
$176K
By yearFY2020–FY2025
Revenue
$2.6M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$2.6M
FY2021$3.2M
FY2022$4.1M
FY2023$4.7M
FY2024$5.2M
FY2025$5.6M
Expenses
$2.2M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$2.2M
FY2021$2.8M
FY2022$3.0M
FY2023$3.5M
FY2024$3.8M
FY2025$4.3M
Net assets
$176K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$176K
FY2021$591K
FY2022$1.7M
FY2023$2.8M
FY2024$4.2M
FY2025$5.5M

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

Form 990 (PDF) Claim
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 Jun 2018.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $2.1M Management & general 3% · $76K

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

6 people listed on the 990; $6K 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
Board Member
$1,125Pt VII · Sec A
Board Member
$1,125Pt VII · Sec A
Board Member
$1,125Pt VII · Sec A
Board President
$1,000Pt VII · Sec A
Board Member
$1,000Pt VII · Sec A
Board Member
$1,000Pt VII · Sec A

Jessica Hricovec’s $1K as Board President is at the 0th 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
Rob Demko$875$750$875$1,000$625$1,125
Owen Spaite$625$875$750$1,000$750$1,125
Jennifer Yorko$625$750$750$500$750$1,125
Jessica Hricovec$1,000$875$875$1,000$750$1,000
Nicholas Manno$1,000$750$625$875$750$1,000
Judy Tarr$750$500$250$625$625$1,000

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 15aNo

Programs and updates

Educates students using innovative academic strategies in a renovated facility.

Questions for Liberty High School

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Provided by the organization

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1 program · $2.1M · in their own filed words · FY2019
01

Liberty High School is a public charter school in a newly renovated facility that uses innovative academic strategies to engage students in the learning process. We are committed to meeting students where they are and then helping them work at their own pace to achieve academic and personal success.

$2.1Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$22K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$2.6M
Ln 12
Gifts and grantsLn 1h$2.6M
Money outPt IX
$2.2M
Ln 25
Programscol B$2.1M
Managementcol C$76K
Owns and owesPt X
$176K
net assets · Ln 32
Cash and savingsLn 1–2$217K
Total assetsLn 16$1.5M
LiabilitiesLn 26$1.3M
PeoplePt VI, VII
6
listed · VII A
PaidVII A6
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.6M
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Total revenueLn 12$2.6M
Assets in detailPt X, end of year
CashLn 1$217K
Cash and savings togetherLn 1–2$217K
Land, buildings, equipmentLn 10c$182K
Other assetsLn 15$951K
Total assetsLn 16$1.5M
LiabilitiesLn 26$1.3M
Net assetsLn 32$176K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$136K$217K
Land, buildings, equipmentLn 10c$58K$182K
Total assetsLn 16$898K$1.5M
LiabilitiesLn 26$1.1M$1.3M
Net assetsLn 32−$207K$176K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$1.1M$1.1M
Other employee benefitsLn 9$322K$322K
Legal feesLn 11b$16K$16K
Accounting feesLn 11c$40K$40K
Other fees for servicesLn 11g$81K$81K
Advertising and promotionLn 12$37K$37K
OccupancyLn 16$272K$272K
Depreciation, depletion and amortizationLn 22$39K$39K
InsuranceLn 23$15K$15K
Other expenses (24a–d)Ln 24$291K$230K$60K$0
Total functional expensesLn 25$2.2M$2.1M$76K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $5.6M$4.3M$1.3M$5.5M 990 PDF
FY2024 $5.2M$3.8M$1.4M$4.2M 990 PDF
FY2023 $4.7M$3.5M$1.1M$2.8M 990 PDF
FY2022 $4.1M$3.0M$1.1M$1.7M 990 PDF
FY2021 $3.2M$2.8M$415K$591K 990 PDF
FY2020 Viewing $2.6M$2.2M$383K$176K 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 $2,576,057 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,468,658$2,576,057
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,468,658$2,576,057
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $865,967$1,402,456
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $573,629$790,551
I-18 Total expensesPrior year $1,439,596$2,193,007
I-19 Revenue less expensesPrior year $29,062$383,050
Part VI · Governance 6 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $2,576,057 across 9 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$2,576,057
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$2,576,057
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$2,576,057
Part IX · Statement of functional expenses $2,193,007 across 10 lines filed
IX-7 Other salaries and wagesPrograms $1,080,613$1,080,613
IX-9 Other employee benefitsPrograms $321,843$321,843
IX-11b Legal feesManagement $16,162$16,162
IX-11c Accounting feesPrograms $40,315$40,315
IX-11g Other fees for servicesPrograms $80,594$80,594
IX-12 Advertising and promotionPrograms $37,498$37,498
IX-16 OccupancyPrograms $271,712$271,712
IX-22 Depreciation, depletion and amortizationPrograms $38,921$38,921
IX-23 InsurancePrograms $14,649$14,649
IX-24 Other expenses (24a–d)Programs $230,407 · Management $60,293 · Fundraising $0$290,700
IX-25 Total functional expensesPrograms $2,116,552 · Management $76,455 · Fundraising $0$2,193,007
Part X · Balance sheet $1,494,361 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $135,877$216,712
X-3 Pledges and grants receivableStart of year $7,393$108,282
X-4 Accounts receivableStart of year $20,345$21,684
X-9 Prepaid expenses and deferred chargesStart of year $15,000$15,000
X-10c Land, buildings and equipment, netStart of year $58,415$181,824
X-15 Other assetsStart of year $661,455$950,859
X-16 Total assetsStart of year $898,485$1,494,361
X-17 Accounts payable and accrued expensesStart of year $461,743$159,316
X-25 Other liabilitiesStart of year $643,571$1,158,824
X-26 Total liabilitiesStart of year $1,105,314$1,318,140
X-27 Net assets without donor restrictionsStart of year −$206,829$176,221
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year −$206,829$176,221
X-33 Total liabilities and net assetsStart of year $898,485$1,494,361
Part XI · Reconciliation of net assets $176,221 net assets at year end
XI-1 Total revenue$2,576,057
XI-2 Total expenses$2,193,007
XI-3 Revenue less expenses$383,050
XI-4 Net assets at start of year−$206,829
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$176,221

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

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