2025-05-15T11:01:21-05:00 2024-06-30 741130599 PATTILLO BROWN & HILL LLP P O BOX 20725 WACO TX 767020725 990 2023-07-01 770616274 LIVE OAK CLASSICAL SCHOOL LIVE 2547141007 P O BOX 647 WACO TX 76703 BRICE HELTON INTERIM HEAD OF SCHOOL 2547141007 2025-05-15 1 1 SHARON M HERWALD CPA P00079864 2547724901 2023 2025-03-06 01:10:19Z BRICE HELTON P O BOX 647 WACO TX 76703 6242738 0 X LIVEOAKCLASSICAL.COM X 2003 TX LIVE OAK CLASSICAL SCHOOL STRIVES TO EQUIP STUDENTS TO LOVE GOD WITH ALL THEIR HEARTS, SOULS AND MINDS. WE DRAW ON THE CLASSICAL TOOLS OF LEARNING TO PREPARE STUDENTS TO REASON CLEARLY, COMMUNICATE EFFECTIVELY, & ACT RESPONSIBILY IN THE WORLD, ALL FOR THE GLORY OF GOD. 10 10 137 650 0 0 83180 404262 5006132 5577257 1740 2699 219043 202645 5310095 6186863 555880 600000 0 0 3388094 3686689 0 0 0 1950039 1957256 5894013 6243945 -583918 -57082 1234378 1134588 6272309 5869054 -5037931 -4734466 LIVE OAK CLASSICAL SCHOOL STRIVES TO EQUIP STUDENTS TO LOVE GOD WITH ALL THEIR HEARTS, SOULS AND MINDS. WE DRAW ON THE CLASSICAL TOOLS OF LEARNING TO PREPARE STUDENTS TO REASON CLEARLY, COMMUNICATE EFFECTIVELY,& ACT RESPONSIBILY IN THE WORLD,ALL FOR THE GLORY OF GOD. 0 0 5116941 600000 5579039 TO PROVIDE A CHRISTIAN AND CLASSICAL EDUCATION FOR CHILDREN IN GRADES K THROUGH 12. DURING THE YEAR ENDED JUNE 30, 2024, THE SCHOOL PROVIDED EDUCATION FOR 448 STUDENTS. 5116941 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 1 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 26 0 1 137 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 X SARAH PEARSALL 2547141007 420 S 4TH STREET WACO TX 76706 NEIL LUFT PRESIDENT 15.00 X X 0 0 0 ALTA VANN VICE-PRESIDENT 5.00 X X 0 0 0 HOLLY BURCHETT SECRETARY 5.00 X X 0 0 0 HEATH IVY TREASURER 5.00 X X 0 0 0 PAUL BARBIERI BOARD MEMBER 1.00 X 0 0 0 GRANT COBURN BOARD MEMBER 1.00 X 0 0 0 JEREMY COUNSELLER BOARD MEMBER 1.00 X 0 0 0 MELISSA ISHIO BOARD MEMBER 1.00 X 0 0 0 CALLIE SCHRANK BOARD MEMBER 1.00 X 0 0 0 LANISSA WILLIS BOARD MEMBER 1.00 X 0 0 0 ALISON MOFFAT HEAD OF SCHOOL,NON-VOTING 40.00 X 121535 0 3843 DONNA ZEMANEK FINANCE DIRECTOR, NON-VOTI 40.00 X 69004 0 1036 190539 0 4879 1 0 0 0 0 105769 298493 404262 TUITION & FEES 611110 5276448 5276448 HOT LUNCHES 611110 165179 165179 EXTRACURRICULAR EVENTS 611110 135630 135630 5577257 2699 2699 1400 0 1400 1400 1400 70677 105769 30989 39688 39688 26668 24886 1782 1782 MISCELLANEOUS INCOME 900099 159775 159775 159775 6186863 5579039 0 203562 600000 600000 203918 203918 3175180 2665242 509938 21892 20205 1687 44493 36917 7576 241206 189930 51276 3000 3000 16533 16533 1750 1750 3358 3358 182978 29493 153485 138479 138479 811831 811831 28303 27171 1132 13478 11894 1584 153726 153726 16835 16835 38500 38500 UBIT TAXES -394 -394 CURRICULUM/CLASSROOM EX 159049 159049 FOOD 151960 151960 ATHLETIC EXPENSES 123543 123543 114327 80645 33682 6243945 5116941 1127004 0 598779 629177 174324 168583 221059 110149 21912 21912 46237 9104 707395 614505 45537 92890 126530 102773 1234378 1134588 123506 20766 1282507 1218800 4662567 4390592 77199 58123 78000 126530 102773 6272309 5869054 X -5037931 -4734466 -5037931 -4734466 1234378 1134588 X -57082 360547 X X 0 1 X 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 707395 614505 92890 92890 RIGHT OF USE ASSET 102773 102773 RIGHT OF USE LIABILITY 102773 102773 X PART X, LINE 2: THE ORGANIZATION WAS GRANTED TAX-EXEMPT STATUS UNDER SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION HAS BEEN CLASSIFIED AS A PUBLICLY SUPPORTED ORGANIZATION, WHICH IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(1) AND 170(B)(1)(A)(VI) OF THE CODE. THE ORGANIZATION BEGAN COLLECTING UNRELATED BUSINESS TAXABLE INCOME ("UBTI") IN 2017 RELATED TO FEES CHARGED FOR PARKING AND HAS PREPARED A FORM 990-T TO PAY THE RELATED TAX. THEREFORE, A PROVISION FOR INCOME TAXES IS REFLECTED IN THE COMBINED FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2024 AND 2023. THE ACCOUNTING STANDARDS ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESS THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, THE ORGANIZATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE ORGANIZATION AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UBTI. THE ORGANIZATION HAS RECOGNIZED UBTI FOR THE YEARS ENDED JUNE 30, 2024 AND 2023 AND RECORDED THE RELATED PROVISION FOR INCOME TAX IN THE AMOUNT OF $0 AND $0. THE ORGANIZATION'S TAX RETURNS ARE GENERALLY NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AFTER THREE YEARS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL PUBLISHES A NONDISCRIMNATORY STATEMENT ANNUALLY IN AN AD IN THE WACO TODAY MAGAZINE, THE STANDARD (OUR HANDBOOK FOR ALL PARENTS AND STUDENTS), AND ON OUR WEBSITE. GALA 176446 105769 70677 10000 18377 2612 176446 105769 70677 10000 18377 2612 30989 39688 0 TUITION ASSISTANCE 139 600000 A WHITNEY CULTURAL EDUCATION FACILITIES FINANCE CORPORATION 821296577 2022-04-22 4970240 EDUCATION REVENUE AND REFUNDING NOTE, SERIES 2022A 0 0 0 A 4970240 97500 0 1 1 1 A 0 0 0 0 0 0 0 0 0 A 0 FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 WAS PROVIDED TO EACH BOARD MEMBER PRIOR TO FILING. AFTER REVIEW, THE FINANCE COMMITTEE RECOMMENDED TO THE FULL BOARD THAT THE RETURN BE APPROVED AND THAT THE CEO BE INSTRUCTED TO SIGN AND FILE THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL AFFIRMATION OF THE POLICY IS INDIVIDUALLY SIGNED BY EACH BOARD MEMBER AND KEY STAFF FORM 990, PART VI, SECTION B, LINE 15 ANNUAL WRITTEN REVIEWS OF ALL EDUCATORS AND KEY STAFF ARE REVIEWED BY THE HEAD OF SCHOOL AND REPORTED TO THE BOARD. ALL SALARY AND BENEFITS ARE APPROVED BY THE FINANCE COMMITTEE AND FULL BOARD DURING THE BUDGETING PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: TRANSFER OF NET ASSETS TO LIVE OAK CLASSICAL PROPERTIES 89,922. TRANSFER OF NET ASSETS TO LIVE OAK CLASSICAL FOUNDATION 270,625. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. LIVE OAK CLASSICAL FOUNDATION 400 S 4TH ST WACO TX 76706 832220421 TX 501(C)(3) LINE 12B, II 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0