Live Oak Classical Properties EIN 81-1174136 Form 990 (PDF) Claim this org

Live Oak Classical Properties FY2024 filing

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Owns property for Live Oak Classical School's use. For fiscal year 2024 it reported $557K in revenue, $319K in expenses, and $11.8M in net assets.Pt I

Founded
2015
Type
Mutual-benefit / member-serving · Community Development
Location
Waco, TX
Filings
5 on file (2020–2024)
Revenue
$557KFY2024
Expenses
$319K
Net assets
$11.8M
People
4
Filings
5
Updates
0
More identity details & actions ⌄
EIN  81-1174136 Mutual-benefit / member-serving Waco, TX Founded 2015
Form 990 (PDF)
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Size
$100K–1M
What they do
Owns property for Live Oak Classical School's use.
Leadership
Scott Omo · Board Chair
Money in and out
$557K revenue, $319K expenses
Bottom line
+43% surplus margin
Reported financial activity · FY2024
Total revenue
$557K
Pt VIII · Ln 12
Total expenses
$319K
Pt IX · Ln 25
Net assets
$11.8M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $238K
Where spending went · Part IX cols B–D
Program services $1.00
Surplus margin
+43%
revenue over expenses, this year
Program spending
100%
of expenses reach programs

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$557K
FY20240%
Expenses
$319K
FY2024▲ +4%
Total assets
$12.6M
FY2024▼ -1%
Total liabilities
$779K
FY2024▼ -11%
Total revenue
$557K
Pt VIII · Ln 12
Total expenses
$319K
Pt IX · Ln 25
Net assets
$11.8M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$238K
Total assetsPt X · Ln 16$12.6M
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLive Oak Classical Properties
EINHdr · item D81-1174136
Principal addressHdr · item CWaco, TX
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2015
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(2) · active
NTEE classificationIRS BMFCommunity Development (S47)
Ruling yearIRS BMFFeb 2016

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Board Chair
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $319K of program spending, described in the organization's own filed words · FY2023.
01

To serve as a title holding organization for live oak classical school. The organization will collect rental income from live oak classical school, remit payments to lenders on real property notes, and turn over the income less expenses to live oak classical school.

$319Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue100%$557K
Total revenueLn 12$557K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$319K
Total functional expensesLn 25$319K

Balance Sheet

Part X · end of year
CashLn 1$5K
Total assetsLn 16$12.6M
Total liabilitiesLn 26$779K
Total net assetsLn 32$11.8M
Months of cash on handcomputed0.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $5K · Operating expenses/yr $319K
0.2 months
Where the money goes
Program services
Program services $319K · Total expenses $319K
100%
Management & General
Management & general $0 · Total expenses $319K
0%
Fundraising
Fundraising $0 · Total expenses $319K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $557K
0%
Government reliance
Government grants — · Total revenue $557K
Earned-income share
Program service revenue $557K · Total revenue $557K
100%
Investment reliance
Investment income $0 · Total revenue $557K
0%
Program self-sufficiency
Program service revenue $557K · Total expenses $319K
175%
Growth & trend
Revenue growth (YoY)
This year $557K · Prior year $557K
0%
Revenue CAGR
FY2019 $624K · FY2023 $557K
-3%
Net-asset trend (YoY)
End of year $11.8M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $557K · Expenses $319K
+43%
Liabilities-to-Assets
Total liabilities — · Total assets $12.6M
Net-asset ratio
Net assets $11.8M · Total assets $12.6M
94%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $12.6M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Scott Omo · Reported title BOARD CHAIR · Highest reported compensation $0 · Total expenses $319K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $319K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Revenue growth 0%

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.

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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$557K revenue · viewing · ⤓ 990 PDF
FY2023$557K revenue · ⤓ 990 PDF
FY2022$443K revenue · ⤓ 990 PDF
FY2021$361K revenue · ⤓ 990 PDF
FY2020$624K revenue · ⤓ 990 PDF

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Sources

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