LIBERTY ACADEMY FOUNDATION: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- LIBERTY ACADEMY FOUNDATION (EIN 83-3169015)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-11-11
- IRS object ID
- 202513159349301616
- Schema version
- 2024v5.0
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-11-11T09:38:41-05:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 943458074 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GUTIERREZ MADARIAGA CPA PA | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2525 PONCE DE LEON BLVD SUITE 300 | AddressLine1Txt |
| City | CORAL GABLES | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33134 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 833169015 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LIBERTY ACADEMY FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | LIBE | BusinessNameControlTxt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7750 NW 12TH AVENUE | AddressLine1Txt |
| City | MIAMI | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33150 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SARAH BRAZIER | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Signature | 2025-11-03 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | false | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JOHN-PAUL MADARIAGA | PreparerPersonNm |
| PTIN | P01396578 | PTIN |
| Phone | 3057781899 | PhoneNum |
| Preparation | 2025-11-11 | PreparationDt |
| Self Employed | Yes (X) | SelfEmployedInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | SARAH BRAZIER | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7750 NW 12TH AVENUE | AddressLine1Txt |
| City | MIAMI | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33150 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $1,065,055 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2019 | FormationYr |
| Legal Domicile State | FL | LegalDomicileStateCd |
| Activity Or Mission | LIBERTY ACADEMY FOUNDATION PROVIDES HIGH QUALITY INSTRUCTION TO ELEMENTARY SCHOOL CHILDRENKINDERGARTEN TO FIFTH GRADE. WE HAVE APPROXIMATELY 120 CHILDREN ENROLLED FROM ONE OF THE MOSTUNDERSERVED COMMUNITIES IN MIAMI, LIBERTY CITY. WE EMPLOY 14 FULL TIME STAFF THAT ARE TEACHERS ANDTEACHER'S AIDES FROM THE COMMUNITY AS WELL AS ADMINISTRATIVE STAFF. LIBERTY ACADEMY IS AN AWARDWINNING PROGRAM AND IS HIGHLY REGARDED IN THE COMMUNITY. | ActivityOrMissionDesc |
| Voting Members Governing Body | 4 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 4 | VotingMembersIndependentCnt |
| Total Employee | 31 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $466,492 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,065,055 | CYContributionsGrantsAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| CY Investment Income | $0 | CYInvestmentIncomeAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $466,492 | PYTotalRevenueAmt |
| CY Total Revenue | $1,065,055 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $174,435 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $617,446 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $82,141 | PYOtherExpensesAmt |
| CY Other Expenses | $183,580 | CYOtherExpensesAmt |
| PY Total Expenses | $256,576 | PYTotalExpensesAmt |
| CY Total Expenses | $801,026 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $209,916 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $264,029 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $217,879 | TotalAssetsBOYAmt |
| Total Assets EOY | $684,994 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $2,885 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $205,424 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $214,994 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $479,570 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | LIBERTY ACADEMY FOUNDATION PROVIDES HIGH QUALITY INSTRUCTION TO ELEMENTARY SCHOOL CHILDRENKINDERGARTEN TO FIFTH GRADE. WE HAVE APPROXIMATELY 120 CHILDREN ENROLLED FROM ONE OF THE MOSTUNDERSERVED COMMUNITIES IN MIAMI, LIBERTY CITY. WE EMPLOY 14 FULL TIME STAFF THAT ARE TEACHERS ANDTEACHER'S AIDES FROM THE COMMUNITY AS WELL AS ADMINISTRATIVE STAFF. LIBERTY ACADEMY IS AN AWARDWINNING PROGRAM AND IS HIGHLY REGARDED IN THE COMMUNITY. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $720,924 | ExpenseAmt |
| Desc | LIBERTY ACADEMY IS ONE OF THE HIGHEST PERFORMING ELEMENTARY SCHOOL PROGRAMS SERVING STUDENTS AND FAMILIES IN AND AROUND THE HISTORICALLY UNDERSERVED COMMUNITY OF LIBERTY CITY SECTION OF MIAMI-DADE COUNTY. AS A DIRECT RESULT OF THE ACADEMIC OUTCOMES OF OUR STUDENTS, THE DEMAND FOR OUR EDUCATIONAL SERVICES HAS BEEN SIGNIFICANT. TO ADDRESS THE HIGH DEMAND FOR OUR EDUCATIONAL SERVICES, IN 2022, LIBERTY ACADEMY BEGAN THE EXPENSIVE AND LENGTHY PROCESS OF CONSTRUCTING A NEW ADDITION TO OUR EXISTING FACILITY. PRIOR TO THE 2024/25 SCHOOL YEAR, WE WERE INFORMED THAT WE WOULD NEED TO OBTAIN A CHANGE OF USE TO BE ABLE TO ACCEPT STEP-UP FOR STUDENTS SCHOLARSHIPS. BASED ON OUR APPROVAL TO OBTAIN A CHANGE IN USE UPON COMPLETION OF OUR ADDITION AND A STATEMENT FROM FIRE THAT OUR EXISTING FACILITY DID NOT POSE ANY SAFETY HAZARDS, A WAIVER WAS GRANTED FOR LIBERTY ACADEMY TO PROVIDE SERVICES FOR THE 2024/25 SCHOOL YEAR. AFTER GETTING OUR BUILDING PERMIT IN 2024, THE FINANCIAL INSTITUTION THAT AGREED TO FINANCE THE CONSTRUCTION DELAYED MOVING FORWARD UNTIL THEIR UNDERWRITER COULD VERIFY THAT STEP-UP PAYMENTS WOULD BE MADE QUARTERLY. THE DELAY IN OUR FINANCIAL INSTITUTION'S COMMITMENT TO FINANCE THE DEAL MADE COMPLETION OF THE ADDITION BEFORE THE 2025/26 SCHOOL YEAR EXTREMELY UNLIKELY. DESPITE INVESTING OVER 100,000 AND ALMOST THREE YEARS INTO THE EXPANSION, LIBERTY ACADEMY DECIDED TO GO IN A DIFFERENT DIRECTION IN DECEMBER 2024. BECAUSE THE COST OF HOUSING IS VERY EXPENSIVE IN MIAMI-DADE COUNTY, LIBERTY ACADEMY MADE THE DECISION TO RENOVATE THE PROPERTY THAT WOULD HAVE BEEN DEMOLISHED TO ACCOMMODATE THE EXPANSION TO PROVIDE SIGNIFICANTLY DISCOUNTED HOUSING FOR FOUR STAFF MEMBERS AND THEIR IMMEDIATE FAMILIES. | Desc |
| Total Program Service Expenses | $720,924 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | false | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (true) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (true) | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | false | BackupWthldComplianceInd |
| Employee | 31 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 4 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 4 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (true) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | false | ConflictOfInterestPolicyInd |
| Whistleblower Policy | false | WhistleblowerPolicyInd |
| Document Retention Policy | false | DocumentRetentionPolicyInd |
| Compensation Process CEO | false | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | FL | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LIBERTY ACADEMY FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3054397243 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7750 NW 12TH AVENUE | AddressLine1Txt |
| City | MIAMI | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33150 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (4 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| MAURICE BRAZIER | ||||||
| CHAIRMAN | 40.00 | Yes (X) | Yes (X) | $50,080 | $0 | $0 |
| SARAH BRAZIER | ||||||
| PRESIDENT | 40.00 | Yes (X) | Yes (X) | $25,400 | $0 | $0 |
| DEBORAH DAVIS | ||||||
| VICE PRESIDE | 40.00 | Yes (X) | Yes (X) | $980 | $0 | $0 |
| MONIQUE BRAZIER | ||||||
| VICE PRESIDE | 40.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $76,460 | TotalReportableCompFromOrgAmt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| All Other Contributions | $1,065,055 | AllOtherContributionsAmt |
| Total Contributions | $1,065,055 | TotalContributionsAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,065,055 | TotalRevenueColumnAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $76,460 | TotalAmt |
| Program Services | $68,814 | ProgramServicesAmt |
| Management And General | $7,646 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $530,323 | TotalAmt |
| Program Services | $477,291 | ProgramServicesAmt |
| Management And General | $53,032 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,234 | TotalAmt |
| Program Services | $5,611 | ProgramServicesAmt |
| Management And General | $623 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,429 | TotalAmt |
| Program Services | $3,986 | ProgramServicesAmt |
| Management And General | $443 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,920 | TotalAmt |
| Program Services | $7,128 | ProgramServicesAmt |
| Management And General | $792 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,997 | TotalAmt |
| Program Services | $8,097 | ProgramServicesAmt |
| Management And General | $900 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,652 | TotalAmt |
| Program Services | $3,287 | ProgramServicesAmt |
| Management And General | $365 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,067 | TotalAmt |
| Program Services | $2,760 | ProgramServicesAmt |
| Management And General | $307 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $852 | TotalAmt |
| Program Services | $767 | ProgramServicesAmt |
| Management And General | $85 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,358 | TotalAmt |
| Program Services | $2,122 | ProgramServicesAmt |
| Management And General | $236 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $28,873 | TotalAmt |
| Program Services | $25,986 | ProgramServicesAmt |
| Management And General | $2,887 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| FOOD | $76,491 | $68,842 | $7,649 |
| REPAIRS | $17,463 | $15,717 | $1,746 |
| CLASSROOM SUPPLIES | $10,058 | $9,052 | $1,006 |
| CONTRACTOR | $8,792 | $7,913 | $879 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,057 | TotalAmt |
| Program Services | $13,551 | ProgramServicesAmt |
| Management And General | $1,506 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $801,026 | TotalAmt |
| Program Services | $720,924 | ProgramServicesAmt |
| Management And General | $80,102 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $64,116 | BOYAmt |
| EOY | $129,156 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $153,763 | BOYAmt |
| EOY | $555,838 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $217,879 | BOYAmt |
| EOY | $684,994 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,885 | BOYAmt |
| EOY | $205,424 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,885 | BOYAmt |
| EOY | $205,424 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $214,994 | BOYAmt |
| EOY | $479,570 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $214,994 | BOYAmt |
| EOY | $479,570 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $217,879 | BOYAmt |
| EOY | $684,994 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $264,029 | ReconcilationRevenueExpnssAmt |
| Prior Period Adjustments | $547 | PriorPeriodAdjustmentsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | false | FSAuditedInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $4,000 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $466,492 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,065,055 | CurrentTaxYearAmt |
| Total | $1,535,547 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $4,000 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $466,492 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,065,055 | CurrentTaxYearAmt |
| Total | $1,535,547 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $1,535,547 | PublicSupportTotal170Amt |
| Total Support | $1,535,547 | TotalSupportAmt |
| Public Support CY170 | 1.00000 | PublicSupportCY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Other Assets Org OtherAssetsOrgGrp (3 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| DUE FROM LIBERTY ACADEMY, INC. | $254,768 |
| DUE FROM LIBERTY ACADEMY AND DAYCARE | $182,170 |
| DUE FROM LIBERTY ACADEMY LLC | $118,900 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $555,838 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DUE TO LIBERTY ACADEMY | Desc |
| Amt | $205,424 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $205,424 | TotalLiabilityAmt |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (true) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (true) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (true) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (true) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (true) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (true) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (true) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | false | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | false | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | false | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | false | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | false | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | false | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | false | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | false | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (true) | ComplianceWithRevProc7550Ind |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 - ORGANIZATION'S MISSION | LIBERTY ACADEMY FOUNDATION PROVIDES HIGH QUALITY INSTRUCTION TO ELEMENTARY SCHOOL CHILDRENKINDERGARTEN TO FIFTH GRADE. WE HAVE APPROXIMATELY 120 CHILDREN ENROLLED FROM ONE OF THE MOSTUNDERSERVED COMMUNITIES IN MIAMI, LIBERTY CITY. WE EMPLOY 14 FULL TIME STAFF THAT ARE TEACHERS ANDTEACHER'S AIDES FROM THE COMMUNITY AS WELL AS ADMINISTRATIVE STAFF. LIBERTY ACADEMY IS AN AWARDWINNING PROGRAM AND IS HIGHLY REGARDED IN THE COMMUNITY. |
| FORM 990, PAGE 2, PART III, LINE 4A | LIBERTY ACADEMY IS ONE OF THE HIGHEST PERFORMING ELEMENTARY SCHOOL PROGRAMS SERVING STUDENTS AND FAMILIES IN AND AROUND THE HISTORICALLY UNDERSERVED COMMUNITY OF LIBERTY CITY SECTION OF MIAMI-DADE COUNTY. AS A DIRECT RESULT OF THE ACADEMIC OUTCOMES OF OUR STUDENTS, THE DEMAND FOR OUR EDUCATIONAL SERVICES HAS BEEN SIGNIFICANT. TO ADDRESS THE HIGH DEMAND FOR OUR EDUCATIONAL SERVICES, IN 2022, LIBERTY ACADEMY BEGAN THE EXPENSIVE AND LENGTHY PROCESS OF CONSTRUCTING A NEW ADDITION TO OUR EXISTING FACILITY. PRIOR TO THE 2024/25 SCHOOL YEAR, WE WERE INFORMED THAT WE WOULD NEED TO OBTAIN A CHANGE OF USE TO BE ABLE TO ACCEPT STEP-UP FOR STUDENTS SCHOLARSHIPS. BASED ON OUR APPROVAL TO OBTAIN A CHANGE IN USE UPON COMPLETION OF OUR ADDITION AND A STATEMENT FROM FIRE THAT OUR EXISTING FACILITY DID NOT POSE ANY SAFETY HAZARDS, A WAIVER WAS GRANTED FOR LIBERTY ACADEMY TO PROVIDE SERVICES FOR THE 2024/25 SCHOOL YEAR. AFTER GETTING OUR BUILDING PERMIT IN 2024, THE FINANCIAL INSTITUTION THAT AGREED TO FINANCE THE CONSTRUCTION DELAYED MOVING FORWARD UNTIL THEIR UNDERWRITER COULD VERIFY THAT STEP-UP PAYMENTS WOULD BE MADE QUARTERLY. THE DELAY IN OUR FINANCIAL INSTITUTION'S COMMITMENT TO FINANCE THE DEAL MADE COMPLETION OF THE ADDITION BEFORE THE 2025/26 SCHOOL YEAR EXTREMELY UNLIKELY. DESPITE INVESTING OVER 100,000 AND ALMOST THREE YEARS INTO THE EXPANSION, LIBERTY ACADEMY DECIDED TO GO IN A DIFFERENT DIRECTION IN DECEMBER 2024. BECAUSE THE COST OF HOUSING IS VERY EXPENSIVE IN MIAMI-DADE COUNTY, LIBERTY ACADEMY MADE THE DECISION TO RENOVATE THE PROPERTY THAT WOULD HAVE BEEN DEMOLISHED TO ACCOMMODATE THE EXPANSION TO PROVIDE SIGNIFICANTLY DISCOUNTED HOUSING FOR FOUR STAFF MEMBERS AND THEIR IMMEDIATE FAMILIES. |
| FORM 990, PAGE 6, PART VI, LINE 2 | MAURICE BRAZIER SARAH BRAZIER CHAIRMAN PRESIDENT HUSBAND AND WIFE MONIQUE BRAZIER MAURICE AND SARAH BRAZIER VP CHAIR/PRESID DAUGHTER |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE PREPARED FORM 990 IS REVIEWED AND APPROVED BY THE GOVERNING BODY BEFORE THE RETURN IS FILED WITH THE IRS. |
| FORM 990, PAGE 6, PART VI, LINE 19 | UPON REQUEST |
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