Liberty Common School FY2022 filing

Tax-deductible

Fort Collins, CO501(c)(3)Since 1997EducationEIN 84-1404585Revenue $14.1M in FY2022

On file with the IRSlibertycommon.org1725 Sharp Point Dr, 80525-4424 · Fort Collins, COTax-exempt since Jul 2022School — 170(b)(1)(A)(ii)

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501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
$626K paid to officers and key staff.
Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · 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 4
filings with a surplus
Average surplus $1.1M a year · 6% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$626K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 8.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $89K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$17.9M
149% of total assets
Concern: liabilities are 149% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$14.1M
Spent
$10.3M
To programs
86%
Net assets
−$5.8M
By yearFY2022–FY2025
Revenue
$14.1M
FY2022
Tap a bar for its year
Revenue by fiscal year
FY2022$14.1M
FY2023$17.6M
FY2024$20.9M
FY2025$25.1M
Expenses
$10.3M
FY2022
Tap a bar for its year
Expenses by fiscal year
FY2022$10.3M
FY2023$18.3M
FY2024$20.8M
FY2025$23.8M
Net assets
−$5.8M
FY2022
Tap a bar for its year
Net assets by fiscal year
FY2022−$5.8M
FY2023−$6.9M
FY2024−$6.9M
FY2025−$5.9M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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 2022.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $8.9M Management & general 14% · $1.4M

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

12 people listed on the 990; $626K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Headmaster
$149,600Pt VII · Sec A
Principal
$130,113Pt VII · Sec A
$124,216Pt VII · Sec A
Chief Operating Officer
$119,450Pt VII · Sec A
$102,174Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A

Bob Schaffer’s $222K as Headmaster is at the 45th percentile of top reported officer pay among 3683 $10–100M 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 · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022
Bob Schaffer$222,131$226,350$185,808$149,600
Torgun Lovely$100,738$138,447$156,908$130,113
Casey Churbhcill—$143,841——
Sandy Stoltzfus$127,378$143,107$125,937$102,174
Casey Churchill——$140,535$124,216
Sean Lewis$115,229$121,500$63,925—
Richard Wrona———$119,450
Robert Robinson$101,506$115,675$111,322—

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

Liberty Common School is an education nonprofit based in Fort Collins, CO, formed in 1997.

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Provided by the organization

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1 program · $8.9M · in their own filed words · FY2021
01

To provide education to 1,150 students from K to 12 in fiscal year 2021-2022.

$8.9Mprogram 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
See all 7 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$14.1M
Ln 12
Fees for servicesLn 2g$12.3M
Gifts and grantsLn 1h$1.5M
Other incomeLn 4–11$285K
Money outPt IX
$10.3M
Ln 25
Programscol B$8.9M
Managementcol C$1.4M
Owns and owesPt X
−$5.8M
net assets · Ln 32
Cash and savingsLn 1–2$6.9M
Total assetsLn 16$12.1M
LiabilitiesLn 26$17.9M
PeoplePt VI, VII
12
listed · VII A
PaidVII A5
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.5M
Government grantsLn 1e$883K
Fees for servicesLn 2g$12.3M
Investment incomeLn 3$8K
Other incomeLn 4–11$285K
Total revenueLn 12$14.1M
Assets in detailPt X, end of year
CashLn 1$3.8M
SavingsLn 2$3.1M
Cash and savings togetherLn 1–2$6.9M
Land, buildings, equipmentLn 10c$1.7M
Other assetsLn 15$3.1M
Total assetsLn 16$12.1M
LiabilitiesLn 26$17.9M
Net assetsLn 32−$5.8M
OperationsPt I, VI
EmployeesI 5354
VolunteersI 61,378
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$5.8M$6.9M
Land, buildings, equipmentLn 10c$1.1M$1.7M
Total assetsLn 16$14.2M$12.1M
LiabilitiesLn 26$23.8M$17.9M
Net assetsLn 32−$9.6M−$5.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$337K$253K$84K
Other salaries and wagesLn 7$6.8M$6.1M$680K
Pension plan contributionsLn 8−$1.1M−$1.0M−$123K
Other employee benefitsLn 9$481K$430K$52K
Payroll taxesLn 10$149K$133K$16K
Legal feesLn 11b$13K$13K
Accounting feesLn 11c$51K$51K
Other fees for servicesLn 11g$31K$31K
Office expensesLn 13$6K$5K$957
OccupancyLn 16$1.0M$883K$156K
TravelLn 17$54K$46K$8K
InterestLn 20$4K$4K$620
Depreciation, depletion and amortizationLn 22$175K$175K
InsuranceLn 23$159K$135K$24K
Other expenses (24a–d)Ln 24$1.9M$1.7M$198K
All other expensesLn 24e$248K$216K$32K
Total functional expensesLn 25$10.3M$8.9M$1.4M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $25.1M$23.8M$1.3M−$5.9M 990 PDF
FY2024 $20.9M$20.8M$153K−$6.9M 990 PDF
FY2023 $17.6M$18.3M−$758K−$6.9M 990 PDF
FY2022 Viewing $14.1M$10.3M$3.8M−$5.8M 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 FY2022 990 (6 parts)
Part I · Summary $14,074,007 revenue, 12 lines filed
I-8 Contributions and grants$1,511,150
I-9 Program service revenue$12,270,082
I-10 Investment income$7,848
I-11 Other revenue$284,927
I-12 Total revenue$14,074,007
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$6,620,362
I-16a Professional fundraising fees$0
I-17 Other expenses$3,691,166
I-18 Total expenses$10,311,528
I-19 Revenue less expenses$3,762,479
Part VI · Governance 7 of 7 board members independent, 2 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
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-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $14,074,007 across 7 lines filed
VIII-1e Government grants$883,361
VIII-1f All other contributions, gifts and grants$627,789
VIII-1h Total contributions, gifts and grants$1,511,150
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $12,270,082$12,270,082
VIII-3 Investment incomeExcluded from tax $7,848$7,848
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $284,927$284,927
VIII-12 Total revenueRelated to mission $12,555,009 · Unrelated business $0 · Excluded from tax $7,848$14,074,007
Part IX · Statement of functional expenses $10,311,528 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $252,969 · Management $84,323$337,292
IX-7 Other salaries and wagesPrograms $6,118,058 · Management $679,784$6,797,842
IX-8 Pension plan contributionsPrograms −$1,022,511 · Management −$122,635−$1,145,146
IX-9 Other employee benefitsPrograms $429,777 · Management $51,545$481,322
IX-10 Payroll taxesPrograms $133,090 · Management $15,962$149,052
IX-11b Legal feesManagement $12,850$12,850
IX-11c Accounting feesManagement $50,663$50,663
IX-11g Other fees for servicesManagement $30,784$30,784
IX-13 Office expensesPrograms $5,425 · Management $957$6,382
IX-16 OccupancyPrograms $882,957 · Management $155,816$1,038,773
IX-17 TravelPrograms $46,246 · Management $8,161$54,407
IX-20 InterestPrograms $3,511 · Management $620$4,131
IX-22 Depreciation, depletion and amortizationManagement $175,261$175,261
IX-23 InsurancePrograms $135,311 · Management $23,878$159,189
IX-24 Other expenses (24a–d)Programs $1,711,868 · Management $198,413$1,910,281
IX-24e All other expensesPrograms $216,425 · Management $32,020$248,445
IX-25 Total functional expensesPrograms $8,913,126 · Management $1,398,402 · Fundraising $0$10,311,528
Part X · Balance sheet $12,052,386 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $2,626,952$3,799,863
X-2 Savings and temporary cash investmentsStart of year $3,139,176$3,147,024
X-4 Accounts receivableStart of year $832,838$236,039
X-9 Prepaid expenses and deferred chargesStart of year $33,553$27,825
X-10c Land, buildings and equipment, netStart of year $1,073,186$1,737,192
X-15 Other assetsStart of year $6,525,638$3,104,443
X-16 Total assetsStart of year $14,231,343$12,052,386
X-17 Accounts payable and accrued expensesStart of year $597,770$582,309
X-25 Other liabilitiesStart of year $23,131,969$17,266,587
X-26 Total liabilitiesStart of year $23,842,744$17,901,308
X-27 Net assets without donor restrictionsStart of year −$9,611,401−$6,243,922
X-28 Net assets with donor restrictions$395,000
X-32 Total net assets or fund balancesStart of year −$9,611,401−$5,848,922
X-33 Total liabilities and net assetsStart of year $14,231,343$12,052,386
Part XI · Reconciliation of net assets −$5,848,922 net assets at year end
XI-1 Total revenue$14,074,007
XI-2 Total expenses$10,311,528
XI-3 Revenue less expenses$3,762,479
XI-4 Net assets at start of year−$9,611,401
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$5,848,922

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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