Nonprofit · EIN 41-2000702
LIBERTY CLASSICAL ACADEMY
Tax-exempt · WHITE BEAR LK, MN 55110
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $9,754,165 | $7,329,691 | $2,424,474 | $21,522,102 | $1,409,043 | $20,113,059 |
| June 30, 2024 | 990 | $14,669,825 | $7,173,458 | $7,496,367 | $17,915,796 | $227,211 | $17,688,585 |
| June 30, 2023 | 990 | $10,270,140 | $6,339,651 | $3,930,489 | $10,506,539 | $314,321 | $10,192,218 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $3,475,686
- Program service revenue
- $6,211,120
- Investment income
- $62,703
- Net gain from sales of assets
- -$2,769
- Other revenue
- $4,656
Expenses
- Grants and similar amounts paid
- $1,155,956
- Compensation of officers, directors and key employees
- $203,420
- Other salaries and wages
- $3,674,901
- Salaries, compensation and benefits (total)
- $4,377,195
- Professional fundraising fees
- $0
- Legal fees
- $12,513
- Accounting fees
- $12,325
- Occupancy
- $414,784
- Depreciation
- $278,513
- Program services (functional)
- $5,707,448
- Management and general (functional)
- $1,359,268
- Fundraising (functional)
- $262,975
Balance sheet and other
- Total assets, start of year
- $17,915,796
- Total assets, end of year
- $21,522,102
- Total liabilities, end of year
- $1,409,043
- Net assets, end of year
- $20,113,059
- Land, buildings and equipment
- $6,225,860
- Net assets without donor restrictions
- $7,157,658
- Net assets with donor restrictions
- $12,955,401
- Gross receipts
- $9,756,934
- Employees
- 119
- Volunteers
- 138
- Year formed
- 2001
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| REBEKAH HAGSTROM | HEADMASTER/P Trustee or director, Officer | 40 | $109,381 | $26,000 |
| MARIE WHITEHEAD | FINANCE DIR/ Officer | 40 | $76,000 | $1,520 |
| GREG BOURGOND | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN GAUGER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SARA MERRITT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DAN NELSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SCOTT SOCHAY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MELANIE ZAHLER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| REBEKAH HAGSTROM | HEADMASTER/P Trustee or director, Officer | 40 | $107,749 | $5,663 |
| MARIE WHITEHEAD | FINANCE DIR/ Officer | 40 | $70,933 | $0 |
| GREG BOURGOND | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN GAUGER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SARA MERRITT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DAN NELSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SCOTT SOCHAY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MELANIE ZAHLER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| REBEKAH HAGSTROM | HEADMASTER/P Trustee or director, Officer | 40 | $102,215 |
| GREG BOURGOND | BOARD MEMBER Trustee or director | 1 | $0 |
| SARA MERRITT | BOARD MEMBER Trustee or director | 1 | $0 |
| DAN NELSON | BOARD MEMBER Trustee or director | 1 | $0 |
| SCOTT SOCHAY | BOARD MEMBER Trustee or director | 1 | $0 |
| MELANIE ZAHLER | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 3878 HIGHLAND AVE, WHITE BEAR LK, MN 55110-4240
- In care of
- % REBEKAH HAGSTROM
- Principal officer (990 for 2024)
- REBEKAH HAGSTROM, 3878 HIGHLAND AVE, WHITE BEAR LAKE, MN 55110
- Signed the 990
- REBEKAH HAGSTROM, HEADMASTER/PRESIDENT
- Phone
- (651) 772-2777
- Website
- LIBERTYCLASSICALACADEMY.ORG
- Return prepared by
- HARRINGTON LANGER & ASSOCIATES
Mission
LIBERTY CLASSICAL ACADEMY IS AN INDEPENDENT PRIVATE SCHOOL OFFERING COLLEGE-PREPARATORY ACADEMICS AND CHRISTIAN FAITH IN THE CLASSICAL TRADITION FOR MINNEAPOLIS-ST. PAUL STUDENTS IN PRESCHOOL AND KINDERGARTEN THROUGH THE 12TH GRADE.
Program accomplishments
- LIBERTY CLASSICAL ACADEMY JOINS RIGOROUS ACADEMICS WITH A PASSIONATE COMMITMENT TO THE CHRISTIAN FAITH. WE ARE DEDICATED TO OUR STUDENTS AND TO THEIR FAMILIES, TO BUILDING LIFELONG LEARNERS WHO ARE READY FOR COLLEGE AND READY FOR LIFE, AND WHO WILL INSPIRE OTHERS TOWARD A LIFE WORTH LIVING.Expenses $5,707,448 · grants $1,155,956 · revenue $6,211,120
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 41-2000702
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2002
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B20)
- Assets (IRS master file)
- $21,522,102
- Income (IRS master file)
- $9,756,934
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $9,754,165 | $7,329,691 | $21,522,102 | XML |
| 990 | June 2024 | $14,669,825 | $7,173,458 | $17,915,796 | XML |
| 990 | June 2023 | $10,270,140 | $6,339,651 | $10,506,539 | XML |
| 990 | June 2022 | $9,261,732 | $4,558,989 | $6,977,009 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-2000702).
Questions about LIBERTY CLASSICAL ACADEMY
- What is the EIN of LIBERTY CLASSICAL ACADEMY?
- The employer identification number (EIN) of LIBERTY CLASSICAL ACADEMY is 41-2000702.
- Is LIBERTY CLASSICAL ACADEMY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to LIBERTY CLASSICAL ACADEMY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LIBERTY CLASSICAL ACADEMY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LIBERTY CLASSICAL ACADEMY due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LIBERTY CLASSICAL ACADEMY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of LIBERTY CLASSICAL ACADEMY?
- The 990 for the year ended June 30, 2025 names REBEKAH HAGSTROM.
- Who are the officers and directors of LIBERTY CLASSICAL ACADEMY?
- The 990 for the year ended June 30, 2025 lists 8 people; 2 received compensation from the organization, the highest $109,381 (REBEKAH HAGSTROM, HEADMASTER/P).
- How much revenue does LIBERTY CLASSICAL ACADEMY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $9,754,165, expenses of $7,329,691 and total assets of $21,522,102 at year end.
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