Nonprofit · EIN 56-1562650
LIBERTY CORNER ENTERPRISES INC
Tax-exempt · ASHEVILLE, NC 28801
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $3,076,487 | $3,251,148 | -$174,661 | $509,204 | $413,038 | $96,166 |
| June 30, 2024 | 990 | $3,209,466 | $3,816,566 | -$607,100 | $752,897 | $482,070 | $270,827 |
| June 30, 2023 | 990 | $3,805,223 | $3,885,795 | -$80,572 | $1,355,932 | $577,761 | $778,171 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $29,293
- Program service revenue
- $3,046,433
- Investment income
- $19
- Other revenue
- $742
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $173,669
- Other salaries and wages
- $2,180,223
- Salaries, compensation and benefits (total)
- $2,581,153
- Professional fundraising fees
- $0
- Accounting fees
- $22,130
- Occupancy
- $188,955
- Travel
- $20,220
- Depreciation
- $49,366
- Program services (functional)
- $2,598,085
- Management and general (functional)
- $653,063
Balance sheet and other
- Total assets, start of year
- $752,897
- Total assets, end of year
- $509,204
- Total liabilities, end of year
- $413,038
- Net assets, end of year
- $96,166
- Land, buildings and equipment
- $296,934
- Net assets without donor restrictions
- $96,166
- Gross receipts
- $3,076,487
- Employees
- 96
- Volunteers
- 3
- Year formed
- 1987
- State of legal domicile
- NC
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 |
|---|---|---|---|---|
| Jennifer Waite | Executive Director Officer | 40 | $107,461 | $1,308 |
| Katherine Van Horne | Chief Financial Officer Officer | 40 | $81,604 | $0 |
| Ray Hemachandra | President Trustee or director, Officer | 1 | $0 | $0 |
| Eva Farren | Secretary/Treasurer Trustee or director, Officer | 0.25 | $0 | $0 |
| Karen Gray CPA | Vice-President Trustee or director, Officer | 0.25 | $0 | $0 |
990 for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Jennifer Waite | Executive Director Officer | 40 | $94,095 | $1,364 |
| Katherine Van Horne | Chief Financial Officer Officer | 40 | $70,706 | $56 |
| Ray Hemachandra | President Trustee or director, Officer | 1 | $0 | $0 |
| Eva Farren | Secretary/Treasurer Trustee or director, Officer | 0.25 | $0 | $0 |
| Karen Gray | Director Trustee or director | 0.25 | $0 | $0 |
| Jim Wilde | Director Trustee or director | 0.25 | $0 | $0 |
990 for the year ended June 30, 2023: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Greta Byrd | Prior ED through December 31 Officer | 40 | $81,142 | $56 |
| Jennifer Waite | Executive Director Officer | 40 | $0 | $0 |
| James Wilde | President Trustee or director, Officer | 0.33 | $0 | $0 |
| Eva Farren | Secretary/Treasurer Trustee or director, Officer | 0.25 | $0 | $0 |
| Ray Hemachandra | Director Trustee or director | 0.25 | $0 | $0 |
| Karen Gray | Director Trustee or director | 0.25 | $0 | $0 |
| Billy Morrissey | Director Trustee or director | 0.25 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 79 WOODFIN PL STE 206, ASHEVILLE, NC 28801-2495
- In care of
- % GRETA BYRD
- Principal officer (990 for 2024)
- Ray Hemachandra, 119 Tunnel Rd Suite 120, Asheville, NC 28805
- Signed the 990
- Ray Hemachandra, Board Chair
- Phone
- (828) 254-9917
- Website
- lcewnc.org
- Return prepared by
- CORLISS & SOLOMON PLLC
Mission
LCE is an independent non-profit organization dedicated to supporting persons with developmental disabilities in their quest to achieve human dignity through living, working and playing in the homes, job and neighborhoods of their choice.
Program accomplishments
- Liberty Corner Enterprises has grown to provide an array of services to assist individuals with intellectual / developmental disablilties to live their best life. These supports and services include: Supported Living Supervised Living Alternative Family Living. Community Activities Supported Employment More than 50 individuals are served on an annual basis.Expenses $2,598,085 · revenue $3,046,433
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
- 56-1562650
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1987
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Employment (J330)
- Assets (IRS master file)
- $509,204
- Income (IRS master file)
- $3,076,487
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $3,076,487 | $3,251,148 | $509,204 | IRS |
| 990 | June 2024 | $3,209,466 | $3,816,566 | $752,897 | IRS |
| 990 | June 2023 | $3,805,223 | $3,885,795 | $1,355,932 | XML |
| 990 | June 2022 | $3,792,734 | $4,102,700 | $1,219,013 | 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 56-1562650).
Questions about LIBERTY CORNER ENTERPRISES INC
- What is the EIN of LIBERTY CORNER ENTERPRISES INC?
- The employer identification number (EIN) of LIBERTY CORNER ENTERPRISES INC is 56-1562650.
- Is LIBERTY CORNER ENTERPRISES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
- Are donations to LIBERTY CORNER ENTERPRISES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LIBERTY CORNER ENTERPRISES INC 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 CORNER ENTERPRISES INC 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 CORNER ENTERPRISES INC 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 CORNER ENTERPRISES INC?
- The 990 for the year ended June 30, 2025 names Ray Hemachandra.
- Who are the officers and directors of LIBERTY CORNER ENTERPRISES INC?
- The 990 for the year ended June 30, 2025 lists 5 people; 2 received compensation from the organization, the highest $107,461 (Jennifer Waite, Executive Director).
- How much revenue does LIBERTY CORNER ENTERPRISES INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $3,076,487, expenses of $3,251,148 and total assets of $509,204 at year end.
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