2018-05-14T15:39:40-05:00 2017-06-30 741130599 PATTILLO BROWN & HILL LLP P O BOX 20725 WACO TX 767020725 990 2016-07-01 770616274 LIVE OAK CLASSICAL SCHOOL LIVE 2547141007 P O BOX 647 WACO TX 76703 ALISON MOFFATT HEAD OF SCHOOL 2547141007 2018-05-09 1 SHARON M HERWALD CPA P00079864 2547724901 2016 2022-09-23 18:48:47Z ALISON MOFFATT P O BOX 647 WACO TX 76703 4953542 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. 12 10 131 480 47011 46011 1367523 962601 3245283 3585450 1262 1071 130316 363729 4744384 4912851 280178 373810 0 0 2228051 2316533 0 0 0 878426 1446061 3386655 4136404 1357729 776447 8445669 1668743 5506043 744345 2939626 924398 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 3440721 373810 3778895 TO PROVIDE A CHRISTIAN AND CLASSICAL EDUCATION FOR CHILDREN IN GRADES K THROUGH 12. DURING THE YEAR ENDED JUNE 30, 2017, THE SCHOOL PROVIDED EDUCATION FOR 416 STUDENTS. 3440721 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 21 0 1 131 1 1 1 0 0 0 0 1 1 0 0 X 12 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 X SHERYL GROPPE 2547141007 420 S 4TH STREET WACO TX 76706 MARCUS BROOKS PRESIDENT 15.00 X X 0 0 0 HOLLY HELMER VICE-PRESIDENT 5.00 X X 0 0 0 CHRIS HOLMES SECRETARY 5.00 X X 0 0 0 JULIE KEITH TREASURER 5.00 X X 0 0 0 FRANK ALEXANDER BOARD MEMBER 1.00 X 0 0 0 SMITH GETTERMAN BOARD MEMBER 1.00 X 0 0 0 MICHELE HUSE BOARD MEMBER 1.00 X 0 0 0 DONNA MANITZAS BOARD MEMBER 1.00 X 0 0 0 GREG NEWMAN BOARD MEMBER 1.00 X 0 0 0 MONA CHOUCAIR BOARD MEMBER 1.00 X 0 0 0 ALISON MOFFAT HEAD OF SCHOOL,NON-VOTING 40.00 X X 60250 0 0 SHERYL GROPPE CFO, NON-VOTING 40.00 X X 54250 0 0 114500 0 0 0 0 0 0 0 40190 922411 962601 TUITION & FEES 611110 3444999 3444999 HOT LUNCHES 611110 91021 91021 EXTRACURRICULAR EVENTS 611110 49430 49430 3585450 1071 1071 238811 0 238811 238811 189325 47011 2475 135318 40190 14520 120798 120798 30291 26171 4120 4120 4912851 3778895 47011 124344 373810 373810 122750 122750 1992256 1625673 366583 38109 29292 8817 163418 125984 37434 36999 36999 16629 16629 76210 3976 72234 17463 17463 897067 897067 18605 18392 213 6456 5597 859 5838 5838 77135 77135 UBIT TAXES 6902 6902 CURRICULUM/CLASSROOM EX 102968 102968 FOOD 83485 83485 ATHLETIC EXPENSES 62265 62265 38039 29239 8800 4136404 3440721 695683 0 155275 581064 377195 509197 111932 170161 9060 12192 33500 58729 577487 240087 7758707 337400 8445669 1668743 43054 283562 294305 346343 5168684 114440 5506043 744345 X 1317766 -5226 692236 0 929624 929624 2939626 924398 8445669 1668743 X 776447 -2791675 X X 0 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 577487 240087 337400 337400 X PART X, LINE 2: THE ORGANIZATION WAS GRANTED TAX-EXEMPT STATUS UNDER SECTION 50L(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. IN 2017, THE ORGANIZATION COLLECTED UNRELATED BUSINESS TAXABLE INCOME ("UBTI") AND HAS PREPARED A FORM 990-T TO PAY THE RELATED TAX. THEREFORE, A PROVISION FOR INCOME TAXES IS REFLECTED IN THE FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2017. 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 YEAR ENDED DECEMBER 31, 2017 AND RECORDED THE RELATED PROVISION FOR INCOME TAX. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR THE YEAR ENDED DECEMBER 31, 2016. 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 175508 40190 135318 5585 5731 3204 175508 40190 135318 5585 5731 3204 14520 120798 0 TUITION ASSISTANCE 117 373810 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 -2,791,675. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.