2024-05-15T10:52:47-05:00 2023-06-30 BDO USA 421 Fayetteville Street Suite 300 Raleigh NC 27601 990 2022-07-01 540831546 Liberty Christian Academy % DR ROBERT RITZ LIBE 4348322000 3701 Candlers Mountain Road Lynchburg VA 24502 DR LAWRENCE M HINE HEAD OF SCHOOLS 4348322000 2024-05-14 true DR LAWRENCE M HINE 999009999 SANDRA L FEINSMITH P01064157 9192781936 2024-05-13 2 2022 2023-04-26 12:10:37Z CINDY GAEBE 3701 Candlers Mountain Road Lynchburg VA 24502 16614862 false X www.LCAbulldogs.com X 1966 VA INSTITUTION OF EDUCATION, WITH THE PRIMARY MISSION OF PROVIDING QUALITY CHRISTIAN EDUCATION 7 0 364 85 0 0 683445 654331 14918622 15485278 96664 237846 273043 132179 15971774 16509634 1317228 1179241 0 0 9189180 10399265 0 0 217359 2968184 3313643 13474592 14892149 2497182 1617485 15230539 17423829 1407143 1661823 13823396 15762006 X LIBERTY CHRISTIAN ACADEMY HAS APPROXIMATELY 1,500 STUDENTS AND WAS ESTABLISHED TO PROVIDE CHRISTIAN EDUCATION TO CHILDREN IN CENTRAL VIRGINIA. THE ACADEMY BECAME A FULLY ACCREDITED INSTITUTION, STANDING AS A VIABLE EDUCATIONAL CHOICE FOR PARENTS WHO DESIRED TO HAVE THEIR CHILDREN TAUGHT A CHRISTIAN WORLDVIEW FROM A BIBLE-BASED CURRICULUM. RECOGNIZED AS AN ACCREDITED INSTITUTION BY THE COMMONWEALTH OF VIRGINIA, REGIONALLY ACCREDITED BY THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS, AND INTERNATIONALLY ACCREDITED BY THE ASSOCIATION OF CHRISTIAN SCHOOLS INTERNATIONAL, LCA HAS A RECOGNIZED HISTORY OF ACADEMIC EXCELLENCE. false false 13473018 1179241 15598836 INSTITUTION OF EDUCATION, WITH THE PRIMARY MISSION OF PROVIDING QUALITY CHRISTIAN EDUCATION 13473018 true true false false false false false false false true true true false false true true true true true false false false false false true false false true true true false false false false true false true false true false false false false true false false false true 16 0 true 364 true false false false false false true true false false false false false false X 7 0 false false false false true true false true true false false true true true true true true false false false X DR ROBERT RITZ 4345927780 1971 UNIVERSITY BLVD LYNCHBURG VA 24515 MRS CINDY GAEBE DIRECTOR & TREASURER 2.0 53.0 X X 0 330704 13343 DR DEANNA KEITH DIRECTOR 2.0 40.0 X 0 234193 19960 DR LAWRENCE HINE HEAD OF SCHOOLS 10.0 45.0 X 0 215970 37342 PASTOR JONATHAN FALWELL DIRECTOR 2.0 21.0 X 0 208510 0 MR DARRYLL DOWELL DIRECTOR & CHAIRMAN 2.0 40.0 X 0 149927 23467 MR FRANK ROCCO ATHLETIC DIRECTOR 50.0 0.0 X 112427 0 18612 MR JEFFREY CAPPS HIGH SCHOOL PRINCIPAL 50.0 0.0 X 112710 0 17811 MR JEFFREY ALDER DIRECTOR & SECRETARY 2.0 40.0 X X 0 74688 17827 MRS BERNETTE BECKLES DIRECTOR 2.0 25.0 X 0 34800 0 MRS JENNIFER FOSTER DIRECTOR 2.0 0.0 X 0 0 0 225137 1248792 148362 2 false true false LIBERTY UNIVERSITY 1971 UNIVERSITY BLVD LYNCHBURG VA 24515 CUST.,SECURITY,&MGMT 409915 1 72940 108 581283 73800 654331 TUITION AND FEES 611710 13018280 13018280 STUDENT FEES 611710 1393158 1393158 STUDENT FEES AFTER SCHOOL CARE 611710 482714 482714 STUDENT ACTIVITIES 611710 464354 464354 OTHER 611710 126772 126772 15485278 306598 0 306598 0 0 0 0 0 13845 82597 -68752 -68752 -68752 41252 22631 18621 18621 0 0 0 0 0 0 OTHER REVENUE 900099 92087 92087 SPONSORSHIPS 541800 21471 21471 113558 16509634 15598836 0 256467 5301 5301 1173940 1173940 0 0 0 38742 36414 2285 43 8089149 7602962 477136 9051 0 1698544 1623074 75470 572830 537964 34193 673 0 7635 4175 3460 78421 78421 0 0 6257 6257 814970 526978 269482 18510 45500 3265 40179 2056 55556 18292 34812 2452 0 8058 8058 411110 403335 6910 865 29020 23281 556 5183 0 5748 3374 2053 321 1256 1256 0 313373 309132 4241 157864 66827 91037 SUPPLIES, FUEL 467728 314992 24140 128596 INSTRUCTIONAL SUPPLIES 385070 346288 19605 19177 SMALL EQUIPMENT & FURNISHING 155598 135865 3321 16412 REPAIRS & MAINTENANCE 154453 153108 1217 128 216026 176393 25741 13892 14892149 13473018 1201772 217359 2287999 80910 3948640 5820828 0 0 282909 271075 0 0 0 0 0 0 0 0 154722 195390 4400842 2518386 1761612 1882456 2759592 4846839 3997455 4326331 0 0 0 0 37610 0 15230539 17423829 374586 497089 0 0 1032557 1108124 0 0 0 0 0 0 0 0 0 0 0 56610 1407143 1661823 X 13515040 15350996 308356 411010 13823396 15762006 15230539 17423829 1617485 321125 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6757047 2000000 416123 9173170 6530893 1000000 -773846 6757047 1982931 4000000 547962 6530893 10854 2000000 -27923 1982931 11099 -245 10854 0.99870 0.00080 0.00050 false false 1749367 1145131 604236 2651475 1373255 1278220 1882456 TRADITIONAL FIXED INCOME 2563254 F PUBLICLY TRADED 1448231 F COMMODITIES 314846 F 4326331 0 LEASE LIABILITY 56610 56610 X 17701726 321125 1310208 -455615 1175718 16526008 6257 -22631 -16374 16509634 15763116 1310208 -455615 854593 14908523 6257 -22631 -16374 14892149 PART V, LINE 4: THE ORGANIZATION'S QUASI ENDOWED FUNDS ARE TO BE HELD UNTIL SUCH TIME THAT THE EARNINGS CAN BE USED FOR MISSION DRIVEN EXPENDITURES AS APPROVED BY THE BOARD OF DIRECTORS. AS OF JUNE 30, 2023, THERE HAVE BEEN NO EXPENDITURES FROM THE FUND. PART X, LINE 2: THE ACADEMY IS EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND THE TAX STATUTES OF THE COMMONWEALTH OF VIRGINIA. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ACADEMY HAS ADOPTED THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") GUIDANCE RELATING TO UNCERTAINTY IN INCOME TAXES. THIS GUIDANCE REQUIRES ENTITIES TO ASSESS THEIR UNCERTAIN TAX POSITIONS FOR THE LIKELIHOOD THAT THEY WOULD BE OVERTURNED UPON INTERNAL REVENUE SERVICE ("IRS") EXAMINATION OR UPON EXAMINATION BY STATE TAXING AUTHORITIES. THE ACADEMY EVALUATES ANY UNCERTAIN TAX POSITIONS OR UNRECOGNIZED TAX BENEFITS OR LIABILITIES THAT MAY EXIST. THE ACADEMY DOES NOT BELIEVE THAT ANY MATERIAL UNCERTAIN TAX POSITIONS OR UNRECOGNIZED TAX BENEFITS OR LIABILITIES EXISTED AS OF JUNE 30, 2023 OR JUNE 30, 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: TUITION ASSISTANCE ($455,615) PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES ($22,631) PART XII, LINE 2D - OTHER ADJUSTMENTS: TUITION ASSISTANCE ($455,615) PART XII, LINE 4B - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES ($22,631) true true true true true true true false false false false false false false false false false true SCHEDULE E, PART I, LINE 3: LIBERTY CHRISTIAN ACADEMY ACCEPTS STUDENTS NATIONWIDE AND FOLLOWS A RACIALLY NON-DISCRIMINATORY POLICY AS TO STUDENTS. THIS POLICY IS INCLUDED IN ALL STUDENT HANDBOOKS WHICH ARE AVAILABLE ONLINE UNDER EACH ACADEMIC DIVISION. THE NON-DISCRIMINATION POLICY IS ALSO ONLINE IN ALL APPLICATIONS AND ON ENROLLMENT FORMS. GOLF TOURNAMENT 27594 27594 11500 5091 Brunswick Stew 6395 6395 1546 1 7263 7263 4494 41252 41252 11500 11131 22631 18621 true Centra Health Pearson Cancer Center 1701 Thomson Drive Lynchburg VA 24501 540715569 501(c)(3) 5301 community support 1 0 SCHOLARSHIPS 489 1173940 PART I, LINE 2: DONATIONS ARE MADE TO NONPROFIT ORGANIZATIONS WHOSE PURPOSES ARE CONSISTENT WITH THE RELIGIOUS AND EDUCATION PURPOSES OF LIBERTY CHRISTIAN ACADEMY. THE LIBERTY CHRISTIAN ACADEMY MAINTAINS CONTACT WITH ORGANIZATIONS TO ENSURE THE USE OF THE FUNDS ARE APPROPRIATE. SCHOLARSHIPS FOR STUDENTS ARE MADE BASED ON FINANCIAL NEED, EXTRA-CURRICULAR PARTICIPATION AND LEADERSHIP, AND COMMUNITY CONTRIBUTIONS THAT REFLECT POSITIVELY ON THE SCHOOL. false false false false false false false false false MRS CINDY GAEBE DIRECTOR & TREASURER 0 284004 0 46700 0 0 0 0 0 13343 0 344047 0 0 DR DEANNA KEITH DIRECTOR 0 122183 0 8510 0 103500 0 6478 0 13482 0 254153 0 0 DR LAWRENCE HINE HEAD OF SCHOOLS 0 198970 0 17000 0 0 0 27000 0 10342 0 253312 0 0 PASTOR JONATHAN FALWELL DIRECTOR 0 200000 0 8510 0 0 0 0 0 0 0 208510 0 0 MR DARRYLL DOWELL DIRECTOR & CHAIRMAN 0 138727 0 11200 0 0 0 13125 0 10342 0 173394 0 0 NONE 14161 NEEDS BASED GRANTS NEEDS BASED GRANTS Jessica Falwell Holcomb daughter of board member 38742 COMPENSATION FOR SERVICES false X 2 18501 FMV X TURF/CROSSWALK 1 54439 COST X SPORTS EQUIP. 1 860 FMV false false false FORM 990, PART VI, SECTION A, LINE 6: LIBERTY UNIVERSITY IS THE SOLE MEMBER. FORM 990, PART VI, SECTION A, LINE 7A: THE SOLE MEMBER APPOINTS ALL BUT ONE MEMBER OF THE BOARD OF DIRECTORS. APPROVAL OF THE APPOINTED MEMBERS' DECISIONS BY THE SOLE MEMBER IS NOT REQUIRED. FORM 990, PART VI, SECTION B, LINE 11B: THE FORM 990 FOR JUNE 30, 2023 WAS PROVIDED BEFORE FILING TO THE BOARD OF DIRECTORS FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C: THE CHAIRMAN OF THE BOARD OF DIRECTORS COLLECTS ANNUAL CONFLICT OF INTEREST QUESTIONNAIRES. IF A CONFLICT OF INTEREST ARISES IT IS HANDLED ON A CASE-BY-CASE BASIS. FORM 990, PART VI, SECTION C, LINE 19: GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. 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PRIMARY ACTIVITY: INVESTMENT HOLDINGS COMPANY DIRECT CONTROLLING ENTITY: LIBERTY UNIVERSITY