Liberty Tree Academy

Tax-deductible

Falcon, CO501(c)(3)Since 2016EducationEIN 82-2259254

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Liberty Tree is dedicated to an authentic, Traditional American Education. To be a community that actively cultivates character in a challenging and enganging learning environment.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
Run by 10 volunteers and 105 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
2 of 5
filings with a surplus
Average deficit $49K a year · under 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$103K
to officers and key staff · 1% of spending
Top officer’s pay lower than 88% of similar orgs
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 6.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $629
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$7.6M
113% of total assets
Concern: liabilities are 113% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.6M
+6% vs prior year
Spent
$8.0M
To programs
82%
Net assets
−$905K
By yearFY2021–FY2025
Revenue
$7.6M
FY2025▲ +6%
Revenue by fiscal year
FY2021$5.5M
FY2022$6.2M
FY2023$7.2M
FY2024$7.2M
FY2025$7.6M
Expenses
$8.0M
FY2025▲ +7%
Expenses by fiscal year
FY2021$5.5M
FY2022$5.7M
FY2023$7.1M
FY2024$7.5M
FY2025$8.0M
Net assets
−$905K
FY2025▼ -66%
Net assets by fiscal year
FY2021−$708K
FY2022−$239K
FY2023−$218K
FY2024−$546K
FY2025−$905K

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2018.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $6.6M Management & general 17% · $1.4M Fundraising 0% · $24K

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

7 people listed on the 990; $103K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Interim Principal
$66,342Pt VII · Sec A
Co-Interim Principal
$36,920Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Heather Summers’s $66K as Interim Principal is at the 12th 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

NameFY2025FY2024FY2023FY2022FY2021
Shannon Wilson——$79,518$77,132$85,676
Nathan Manley—$71,945———
Jeanette Hands———$69,479$67,320
Heather Summers$66,342————
Pauline Eltagonde$36,920————
Linda Stahnke——$13,715——

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 Liberty Tree Academy executive salaries →

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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

Cultivates character through challenging, engaging traditional American education.

Provided by the organization

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1 program · $6.6M · in their own filed words · FY2024
01

LTA is a school that finds its identity in the philosophical tenets of our Nation's founders and strives to produce self-governing citizens who continue to carry out the vision of our Nation's founders to preserve and perpetuate liberty.

$6.6Mprogram 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 · FY2023
Total grants receivedfrom 1 funder$629

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$7.6M
Ln 12
Fees for servicesLn 2g$6.9M
Gifts and grantsLn 1h$648K
Investment incomeLn 3$130K
Money outPt IX
$8.0M
Ln 25
Programscol B$6.6M
Managementcol C$1.4M
Fundraisingcol D$24K
Owns and owesPt X
−$905K
net assets · Ln 32
Cash and savingsLn 1–2$4.5M
Total assetsLn 16$6.7M
LiabilitiesLn 26$7.6M
PeoplePt VI, VII
7
listed · VII A
PaidVII A2
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$648K
Government grantsLn 1e$515K
Fundraising eventsLn 1c$80K
Fees for servicesLn 2g$6.9M
Investment incomeLn 3$130K
Total revenueLn 12$7.6M
Assets in detailPt X, end of year
CashLn 1$1.6M
SavingsLn 2$2.9M
Cash and savings togetherLn 1–2$4.5M
Land, buildings, equipmentLn 10c$105K
Other assetsLn 15$1.9M
Total assetsLn 16$6.7M
LiabilitiesLn 26$7.6M
Net assetsLn 32−$905K
OperationsPt I, VI
EmployeesI 5105
VolunteersI 610
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$4.4M$4.5M
Land, buildings, equipmentLn 10c$168K$105K
Total assetsLn 16$6.8M$6.7M
LiabilitiesLn 26$7.3M$7.6M
Net assetsLn 32−$546K−$905K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$223K$167K$56K
Other salaries and wagesLn 7$3.2M$2.7M$473K
Pension plan contributionsLn 8$1.2M$1.0M$191K
Other employee benefitsLn 9$298K$252K$47K
Payroll taxesLn 10$74K$63K$12K
Legal feesLn 11b$54K$54K
Accounting feesLn 11c$12K$12K
Other fees for servicesLn 11g$155K$155K
Advertising and promotionLn 12$17K$15K$3K
Office expensesLn 13$64K$55K$10K
OccupancyLn 16$1.4M$1.2M$205K
TravelLn 17$54K$46K$8K
InterestLn 20$1K$1K$189
Depreciation, depletion and amortizationLn 22$63K$54K$9K
InsuranceLn 23$29K$24K$4K
Other expenses (24a–d)Ln 24$981K$870K$111K
All other expensesLn 24e$227K$172K$30K$24K
Total functional expensesLn 25$8.0M$6.6M$1.4M$24K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $7.6M$8.0M−$359K−$905K 990 PDF
FY2024 $7.2M$7.5M−$328K−$546K 990 PDF
FY2023 $7.2M$7.1M$21K−$218K 990 PDF
FY2022 $6.2M$5.7M$469K−$239K 990 PDF
FY2021 $5.5M$5.5M−$50K−$708K 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 FY2025 990 (4 parts)
Part VIII · Statement of revenue $7,631,957 across 9 lines filed
VIII-1c Fundraising events$80,493
VIII-1e Government grants$514,536
VIII-1f All other contributions, gifts and grants$53,359
VIII-1h Total contributions, gifts and grants$648,388
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $6,891,678$6,891,678
VIII-3 Investment incomeExcluded from tax $129,907$129,907
VIII-8 Net income from fundraising eventsExcluded from tax −$60,135−$60,135
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $22,119$22,119
VIII-12 Total revenueRelated to mission $6,913,797 · Unrelated business $0 · Excluded from tax $69,772$7,631,957
Part IX · Statement of functional expenses $7,991,427 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $167,386 · Management $55,795$223,181
IX-7 Other salaries and wagesPrograms $2,678,818 · Management $472,733$3,151,551
IX-8 Pension plan contributionsPrograms $1,028,870 · Management $191,057$1,219,927
IX-9 Other employee benefitsPrograms $251,721 · Management $46,744$298,465
IX-10 Payroll taxesPrograms $62,733 · Management $11,649$74,382
IX-11b Legal feesManagement $54,040$54,040
IX-11c Accounting feesManagement $11,550$11,550
IX-11g Other fees for servicesManagement $154,519$154,519
IX-12 Advertising and promotionPrograms $14,569 · Management $2,571$17,140
IX-13 Office expensesPrograms $54,744 · Management $9,661$64,405
IX-16 OccupancyPrograms $1,162,316 · Management $205,115$1,367,431
IX-17 TravelPrograms $45,966 · Management $8,112$54,078
IX-20 InterestPrograms $1,068 · Management $189$1,257
IX-22 Depreciation, depletion and amortizationPrograms $53,724 · Management $9,481$63,205
IX-23 InsurancePrograms $24,275 · Management $4,284$28,559
IX-24 Other expenses (24a–d)Programs $869,815 · Management $111,099$980,914
IX-24e All other expensesPrograms $172,206 · Management $30,386 · Fundraising $24,231$226,823
IX-25 Total functional expensesPrograms $6,588,211 · Management $1,378,985 · Fundraising $24,231$7,991,427
Part X · Balance sheet $6,705,399 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $1,578,420$1,593,950
X-2 Savings and temporary cash investmentsStart of year $2,818,365$2,948,372
X-3 Pledges and grants receivableStart of year $22,545$29,833
X-4 Accounts receivableStart of year $3,612$172,207
X-9 Prepaid expenses and deferred chargesStart of year $32,774$5,308
X-10c Land, buildings and equipment, netStart of year $168,146$104,941
X-15 Other assetsStart of year $2,152,326$1,850,788
X-16 Total assetsStart of year $6,776,188$6,705,399
X-17 Accounts payable and accrued expensesStart of year $298,356$390,725
X-25 Other liabilitiesStart of year $6,998,423$7,204,681
X-26 Total liabilitiesStart of year $7,321,913$7,610,594
X-27 Net assets without donor restrictionsStart of year −$757,725−$1,149,969
X-28 Net assets with donor restrictionsStart of year $212,000$244,774
X-32 Total net assets or fund balancesStart of year −$545,725−$905,195
X-33 Total liabilities and net assetsStart of year $6,776,188$6,705,399
Part XI · Reconciliation of net assets −$905,195 net assets at year end
XI-1 Total revenue$7,631,957
XI-2 Total expenses$7,991,427
XI-3 Revenue less expenses−$359,470
XI-4 Net assets at start of year−$545,725
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$905,195

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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