LIBERTY BOYS ACADEMY INC: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
LIBERTY BOYS ACADEMY INC (EIN 84-3500281)
Tax period
2024-07-01 to 2025-06-30
Filed
2026-06-10
IRS object ID
202611619349301366
Schema version
2024v5.5
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2026-06-10T14:35:26-05:00ReturnTs
Tax Period End2025-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN331827687PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CRC ADVISORY LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1POBOX 3188AddressLine1Txt
CityREDMONDCityNm
State AbbreviationWAStateAbbreviationCd
ZIP980733188ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN843500281EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LIBERTY LAUNCH ACADEMYBusinessNameLine1Txt
Business Name Line2FKA LIBERTY BOYS ACADEMY INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlLIBEBusinessNameControlTxt
Phone8013308854PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12110 N MOLTER RD STE 210AddressLine1Txt
CityLIBERTY LAKECityNm
State AbbreviationWAStateAbbreviationCd
ZIP99019ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLUCAS KJARPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone8013308854PhoneNum
Signature2026-05-13SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonD EDSON CLARK CPAPreparerPersonNm
PTINP00003908PTIN
Phone4258618500PhoneNum
Preparation2026-05-13PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerLUCAS KJARPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line124311 E EDGEWOOD DRAddressLine1Txt
CityLIBERTY LAKECityNm
State AbbreviationWAStateAbbreviationCd
ZIP99019ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$4,034,643GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressHTTPS://LIBERTYLAUNCHACADEMY.ORG/WebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2021FormationYr
Legal Domicile StateIDLegalDomicileStateCd
Activity Or MissionPRIVATE SCHOOL THAT OFFERS AN ALTERNATIVE TO PUBLIC EDUCATION, FOCUSING ON EXPERIENTIAL LEARNING, WHOLE CHILD DEVELOPMENT, AND PREPARING PRINCIPLED LEADERS FOR THE FUTURE.ActivityOrMissionDesc
Voting Members Governing Body5VotingMembersGoverningBodyCnt
Voting Members Independent5VotingMembersIndependentCnt
Total Employee44TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$6,563PYContributionsGrantsAmt
CY Contributions Grants$2,270,040CYContributionsGrantsAmt
PY Program Service Revenue$726,108PYProgramServiceRevenueAmt
CY Program Service Revenue$1,253,563CYProgramServiceRevenueAmt
PY Investment Income$382,350PYInvestmentIncomeAmt
CY Investment Income$462,096CYInvestmentIncomeAmt
PY Other Revenue$37,289PYOtherRevenueAmt
CY Other Revenue$19,395CYOtherRevenueAmt
PY Total Revenue$1,152,310PYTotalRevenueAmt
CY Total Revenue$4,005,094CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$1,138,449PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,248,017CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$1,638,117PYOtherExpensesAmt
CY Other Expenses$1,702,515CYOtherExpensesAmt
PY Total Expenses$2,776,566PYTotalExpensesAmt
CY Total Expenses$2,950,532CYTotalExpensesAmt
PY Revenues Less Expenses-$1,624,256PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$1,054,562CYRevenuesLessExpensesAmt
Total Assets BOY$5,147,582TotalAssetsBOYAmt
Total Assets EOY$8,198,022TotalAssetsEOYAmt
Total Liabilities BOY$132,812TotalLiabilitiesBOYAmt
Total Liabilities EOY$3,252,545TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$5,014,770NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$4,945,477NetAssetsOrFundBalancesEOYAmt
MissionLIBERTY LAUNCH ACADEMY OFFERS A COMPELLING ALTERNATIVE TO PUBLIC EDUCATION, FOCUSING ON EXPERIENTIAL LEARNING, WHOLE CHILD DEVELOPMENT, AND PREPARING PRINCIPLED LEADERS FOR THE FUTURE.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$2,472,799ExpenseAmt
Revenue$1,715,659RevenueAmt
DescSUCCESSFUL YEAR CREATING AND IMPLEMENTING AN IMMERSIVE CURRICULUM FOR GRADES K-9; CREATED AND IMPLEMENTED A SPORTS PROGRAM AS A SUPPLEMENTAL LEARNING INITIATIVE THAT SUPPORTS AND ENHANCES THE WHOLE CHILD DEVELOPMENTDesc
Total Program Service Expenses$2,472,799TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org MemYes (1)BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded EntityYes (1)DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee44EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members5GoverningBodyVotingMembersCnt
Independent Voting Member5IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldWAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldIDStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LUCAS KJARBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8013308854PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line123001 E 8TH AVEAddressLine1Txt
CityLIBERTY LAKECityNm
State AbbreviationWAStateAbbreviationCd
ZIP99019ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (4 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtFormer Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
LUCAS KJAR
PRESIDENT10.00Yes (X)Yes (X)$11,809$0$31,300
RHETT BARNEY
BOARD MEMBER1.00Yes (X)Yes (X)$0$0$0
JEREMIAH MARKS
TREASURER5.00Yes (X)Yes (X)$0$0$0
RUSS TUMAN
EXECUTIVE DIRECTOR OF SCHOOL40.00$21,667$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$33,476TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$31,300TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedYes (1)FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$2,270,040AllOtherContributionsAmt
Total Contributions$2,270,040TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescTUITION, STUDENT FEESDesc
Business611110BusinessCd
Total Revenue Column$1,252,790TotalRevenueColumnAmt
Related Or Exempt Func Income$1,252,790RelatedOrExemptFuncIncomeAmt

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

FieldValueIRS element (for citing)
Total Revenue Column$773TotalRevenueColumnAmt
Related Or Exempt Func Income$773RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$1,253,563TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$15,067TotalRevenueColumnAmt
Related Or Exempt Func Income$15,067RelatedOrExemptFuncIncomeAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$447,029SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$0SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$447,029SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$447,029TotalRevenueColumnAmt
Related Or Exempt Func Income$447,029RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$48,944FundraisingGrossIncomeAmt
Fundraising Direct Expenses$29,549FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$19,395TotalRevenueColumnAmt
Exclusion$19,395ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,005,094TotalRevenueColumnAmt
Related Or Exempt Func Income$1,715,659RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$19,395ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,078,997TotalAmt
Program Services$900,379ProgramServicesAmt
Management And General$178,618ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$66,424TotalAmt
Program Services$46,414ProgramServicesAmt
Management And General$20,010ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$102,596TotalAmt
Program Services$85,766ProgramServicesAmt
Management And General$16,830ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$29,973TotalAmt
Management And General$29,973ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$10,640TotalAmt
Management And General$10,640ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$3,712TotalAmt
Management And General$3,712ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$22,098TotalAmt
Program Services$6,080ProgramServicesAmt
Management And General$16,018ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$15,999TotalAmt
Program Services$1,546ProgramServicesAmt
Management And General$14,453ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$20,382TotalAmt
Program Services$4,775ProgramServicesAmt
Management And General$15,607ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$7,040TotalAmt
Program Services$4,497ProgramServicesAmt
Management And General$2,543ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$1,192,290TotalAmt
Program Services$1,118,345ProgramServicesAmt
Management And General$73,945ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$6,171TotalAmt
Program Services$6,171ProgramServicesAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$51TotalAmt
Management And General$51ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$99,519TotalAmt
Program Services$99,519ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$12,337TotalAmt
Management And General$12,337ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
TEACHER MATERIALS & STU$117,040$117,040
AMORTIZATION$59,375$59,375
CAFETERIA$32,145$32,145
FACILITY MAINTENANCE$21,862$16,956$4,906

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$51,881TotalAmt
Program Services$33,166ProgramServicesAmt
Management And General$18,715ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$2,950,532TotalAmt
Program Services$2,472,799ProgramServicesAmt
Management And General$477,733ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$16,104BOYAmt
EOY$120,001EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$250BOYAmt
EOY$3,053EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
EOY$14,650EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$3,576,448LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$575,809LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$2,823,063BOYAmt
EOY$3,000,639EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$1,513,262BOYAmt
EOY$1,908,433EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
BOY$694,593BOYAmt
EOY$666,118EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$100,310BOYAmt
EOY$2,485,128EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$5,147,582BOYAmt
EOY$8,198,022EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
EOY$7,917EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$114,035BOYAmt
EOY$157,481EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$18,777BOYAmt
EOY$3,087,147EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$132,812BOYAmt
EOY$3,252,545EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$5,014,770BOYAmt
EOY$4,945,477EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$5,014,770BOYAmt
EOY$4,945,477EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$5,147,582BOYAmt
EOY$8,198,022EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$1,054,562ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$242,742NetUnrlzdGainsLossesInvstAmt
Prior Period Adjustments-$881,113PriorPeriodAdjustmentsAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS Audited0FSAuditedInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$20,200CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$827,014CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$5,187,860CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$6,563CurrentTaxYearMinus1YearAmt
Current Tax Year$2,170,040CurrentTaxYearAmt
Total$8,211,677TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$20,200CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$827,014CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$5,187,860CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$6,563CurrentTaxYearMinus1YearAmt
Current Tax Year$2,170,040CurrentTaxYearAmt
Total$8,211,677TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$8,211,677PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$383,768CurrentTaxYearMinus1YearAmt
Current Tax Year$481,491CurrentTaxYearAmt
Total$865,259TotalAmt
FieldValueIRS element (for citing)
Total Support$9,076,936TotalSupportAmt
Gross Receipts Rltd Activities$3,071,203GrossReceiptsRltdActivitiesAmt
First5 Years170Yes (X)First5Years170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Donor Advised Funds Held0DonorAdvisedFundsHeldCnt
Total Easements0TotalEasementsCnt
Agent Trustee Etc0AgentTrusteeEtcInd
Beginning Balance$0BeginningBalanceAmt
Additions During Year$0AdditionsDuringYearAmt
Distributions During Year$0DistributionsDuringYearAmt
Ending Balance$0EndingBalanceAmt
Incl Escrow Custodial Acct Liab0InclEscrowCustodialAcctLiabInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$0BeginningYearBalanceAmt
Contributions$0ContributionsAmt
Investment Earnings Or Losses$0InvestmentEarningsOrLossesAmt
Grants Or Scholarships$0GrantsOrScholarshipsAmt
Other Expenditures$0OtherExpendituresAmt
Administrative Expenses$0AdministrativeExpensesAmt

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$167,000OtherCostOrOtherBasisAmt
Book Value$167,000BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$3,098,575OtherCostOrOtherBasisAmt
Depreciation$361,559DepreciationAmt
Book Value$2,737,016BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$290,595OtherCostOrOtherBasisAmt
Depreciation$207,008DepreciationAmt
Book Value$83,587BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$20,278OtherCostOrOtherBasisAmt
Depreciation$7,242DepreciationAmt
Book Value$13,036BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$3,000,639TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp

FieldValueIRS element (for citing)
DescLPL INVESTMENT ACCOUNTDesc
Book Value$1,908,433BookValueAmt
Method ValuationFMethodValuationCd
FieldValueIRS element (for citing)
Total Book Value Securities$1,908,433TotalBookValueSecuritiesAmt

Other Assets Org OtherAssetsOrgGrp (3 entries)

DescDescBook ValueBookValueAmt
MODE RECEIVABLE$310
RENT DEPOSIT$100,000
RIGHT OF USE -OPERATING LEASE$2,384,818
FieldValueIRS element (for citing)
Total Book Value Other Assets$2,485,128TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (7 entries)

DescDescAmtAmt
CREDIT CARD$12,884
SALES TAX PAYABLE$938
ACCRUED EXPENSES$29,486
ALASKA DEPOSITS$13,996
HSA PAYABLE$1,591
CURRENT PORTION OF OPERATING LEASE$1,289,006
OPERATING LEASE LIABILITY$1,739,246
FieldValueIRS element (for citing)
Total Liability$3,087,147TotalLiabilityAmt

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast Media0PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp Recs0MaintainRacialCompRecsInd
Maintain Scholarships Recs0MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid Rcvd0GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, PART I, LINE 4THE ORGANIZATION DOES NOT MAINTAIN ANY RECORDS BASED ON RACIAL COMPOSITION
SCHEDULE E, PART I, LINE 5THE ORGANIZATION DOES NOT DISCRIMINATE ANY OF ITS STUDENTS, FACULTY OR ADMINISTRATIVE STAFF IN ANY MANNER

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1COLOR ME RAD FUNDRAISEREvent1Nm
Gross Receipts Event1$48,944GrossReceiptsEvent1Amt
Gross Revenue Event1$48,944GrossRevenueEvent1Amt
Other Direct Expenses Event1$29,549OtherDirectExpensesEvent1Amt
Gross Receipts Total$48,944GrossReceiptsTotalAmt
Gross Revenue Total Events$48,944GrossRevenueTotalEventsAmt
Oth Direct Expnss Total Events$29,549OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$29,549DirectExpenseSummaryEventsAmt
Net Income Summary$19,395NetIncomeSummaryAmt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Housing Allowance Or ResidenceYes (X)HousingAllowanceOrResidenceInd
Written Policy Ref T And E Expnss0WrittenPolicyRefTAndEExpnssInd
Substantiation Required0SubstantiationRequiredInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonRUSS TUMANPersonNm
TitleEXECUTIVE DIRECTOR OF SCHOOLTitleTxt
Base Compensation Filing Org$21,667BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$0CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$0BonusFilingOrganizationAmount
Bonus Related Organizations$0BonusRelatedOrganizationsAmt
Other Compensation Filing Org$0OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$0OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$0DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$0DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$0NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$0NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$21,667TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$0TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org$0CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs$0CompReportPrior990RltdOrgsAmt

Schedule L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (2 entries)

Relationship DescriptionRelationshipDescriptionTxtTransactionTransactionAmtTransactionTransactionDescSharing Of RevenuesSharingOfRevenuesInd
LAUNCHPAD ASSETS LLC
DRE OF KAR FAMILY INVESTMENT TRUST, GRANTOR TRUST OF LUCAS KJAR$1,339,956LIBERTY LAUNCHPAD ACADEMY PAYS RENT TO LAUNCHPAD ASSETS FOR 93,605 SQ FT. THE MONTHLY RENT AMOUNT OF $109,205.83 FROM JULY TO SEPTEMBER AND THEREAFTER, $112,482.01 WAS BASED ON THE FAIR MARKET VALUE BY AN INDEPENDENT REALTOR. LAUNCHPAD ASSETS IS A DISREGARDED ENTITY OF KJAR FAMILY INVESTMENT TRUST, A GRANTOR TRUST FOR LUCAS KJAR.0
KJAR LUKE & REBECCA 2018 CHARITABLE REMAINDER TRUST
TRUSTEE OF THE DONOR IS PRESIDENT OF LIBERTY LAUNCH ACADEMY$2,150,000THE ORGANIZATION RECEIVED DISTRIBUTIONS FROM TH CHARITABLE REMAINDER TRUST ESTABLISHED AND FUNDED BY INTERESTED PERSON. THE ORGANIZATION DOES NOT CONTROL THE TRUST ASSETS AND HAS NO INVOLVEMENT IN ITS ADMINISTRATION.0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BA COPY FORM 990 WAS PROVIDED TO THE GOVERNING BODY FOR REVIEW PRIOR TO FILING THE RETURN
FORM 990, PART VI, SECTION B, LINE 12CTHE ORGANIZATION MAINTAINS A WRITTEN CONFLICT OF INTEREST POLICY. THIS POLICY IS AVAILABLE UPON REQUEST.
FORM 990, PART VI, SECTION C, LINE 18GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST
FORM 990, PART VI, SECTION C, LINE 19GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST
FORM 990, PART VII CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETCLUCAS KJAR - 24311 E EDGEWOOD DR, LIBERTY LAKE, WA 99019. RHETT BARNEY - 22907 E 8TH AVE, LIBERTY LAKE, WA 99019. RUSS TUMAN - 1123 N SIMPSON RD, LIBERTY LAKE, WA 99019.
FORM 990 PART IX LINE 16THE ADOPTION OF ASC 842 RESULTED IN DIFFERENCES BETWEEN FINACIAL REPORTING AND TAX REPORTING FOR LEASE-RELATED AMOUNTS FOR RENT. LEASE EXPENSE IS RECOGNIZED ON A STRAIGHT-LINE BASIS OVER THE LEASE TERM IN ACCORDANCE WITH ASC 842. THESE DIFFERENCES ARE TEMPORARY IN NATURE AND DO NOT AFFECT THE ORGANIZATION'S OVERALL CASH FLOWS. THE ORGANIZATION TRACKS THESE INTERNALLY.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1KRIGER ESTATE HOLDING LLCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line124311 E EDGEWOOD DRAddressLine1Txt
CityLIBERTY LAKECityNm
State AbbreviationWAStateAbbreviationCd
ZIP99019ZIPCd
FieldValueIRS element (for citing)
EIN843477288EIN
Primary ActivitiesREAL ESTATE HOLDING COMPANY FOR PURCHASE OF SCHOOL PROPOERTYPrimaryActivitiesTxt
Legal Domicile StateWALegalDomicileStateCd
Total Income$0TotalIncomeAmt
End Of Year Assets$0EndOfYearAssetsAmt

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