Overview
What is Live Oak Classical School?
Live Oak Classical School is a nonprofit institution located in Waco, Texas. With a strong Christian focus, it offers education to children from kindergarten to twelfth grade. During the year ending June 30, 2022, the school served 472 students. The school's mission is to foster a deep love for God in its students, utilizing classical learning methods to develop their reasoning abilities, communication skills, and responsible behavior. By the end of their education, students are expected to apply these skills in the world, all in the name of God. With a workforce of 122 individuals, Live Oak Classical School is dedicated to shaping well-rounded individuals with a strong spiritual foundation.
Official website here: www.liveoakclassical.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Live Oak Classical School received a two-star rating from Charity Navigator, indicating that while it has strong accountability and financial practices, there are significant areas that require attention. The organization scored 100% in accountability and finance, with a fully independent board and well-documented financial statements. However, concerns arise from missing policies such as the whistleblower and document retention policies, which are critical for governance and transparency.
The program expense ratio is commendable at 82.47%, suggesting that a substantial portion of its funds is directed towards programmatic activities, which is a positive aspect. However, the high liabilities to assets ratio of 554.74% raises red flags about financial stability and long-term viability. This could potentially impact the organization's ability to sustain its operations and fulfill its mission effectively.
Overall, while Live Oak Classical School demonstrates strong governance practices, the significant gaps in policy documentation and financial liabilities highlight the need for improvements. Addressing these weaknesses may enhance the organization's credibility and effectiveness in serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is Live Oak Classical School legitimate?
Live Oak Classical School is a legitimate nonprofit organization registered as a 501(c)(3) entity. Live Oak Classical School submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $141,531
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,606,088
For more financial information, click here
Official website here: www.liveoakclassical.com
What is the mission statement of Live Oak Classical School?
Live Oak Classical School's mission is centered around equipping students to deeply connect with God. Utilizing the classical tools of learning, the school aims to foster in students the ability to think clearly, express themselves effectively, and act responsibly. This is all done with the ultimate goal of glorifying God. The education provided by Live Oak Classical School is designed to prepare students for the world, instilling in them a love for God with their whole being. During the 2021-2022 academic year, the school offered education to 472 students.
Official website here: www.liveoakclassical.com
Who is the CEO of Live Oak Classical School?
Alison Moffatt is the President of Live Oak Classical School.
Official website here: www.liveoakclassical.com
What is the revenue of Live Oak Classical School?
Live Oak Classical School's revenue in 2022 was $4,931,132.
Official website here: www.liveoakclassical.com
Who are the executives of Live Oak Classical School and what are their salaries?
The average compensation at Live Oak Classical School during 2022 was $22,521. There are 122 employees and 5 volunteers at Live Oak Classical School.
Here are 12 key members and their salaries:
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- Compensation: $73,000
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- Compensation: $62,276
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Official website here: www.liveoakclassical.com
Where can I find the form 990 for Live Oak Classical School?
Live Oak Classical School's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.liveoakclassical.com
Learn more at the official website: www.liveoakclassical.com
Mission Statement of Live Oak Classical School
Live Oak Classical School is committed to fostering a love for God in its students, encouraging them to engage with their hearts, souls, and minds. The school achieves this by utilizing the classical tools of learning, empowering its students to reason clearly, communicate effectively, and act responsibly in the world, all in the name of God. The school's mission is to equip its students with the necessary skills to navigate the world, with a strong emphasis on spiritual growth and intellectual development.
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Impact
July, 2024
Live Oak Classical School's impact is evident in the lives of its students who are equipped to love God with all their hearts, souls, and minds. By drawing on the classical tools of learning, the school prepares students to reason clearly, communicate effectively, and act responsibly in the world, all for the glory of God. As a result, Live Oak Classical School is shaping young minds to be thoughtful, ethical, and engaged individuals who are well-prepared for the challenges of the modern world.
This information is meant to be a general summary of Live Oak Classical School. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $575
- Program Service Revenue: $4,790,575
- Gross Receipts: $4,989,224
Assets and Liabilities:
- Total Assets: $1,708,715
- Total Liabilities: $6,171,232
- Net Assets: -$4,462,517
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION & FEES
Revenue
$4,491,570
HOT LUNCHES
Revenue
$158,065
EXTRACURRICULAR EVENTS
Revenue
$140,940
Organization Details
Founding Year
2003
Phone
(254) 714-1007Principal Officer
Alison Moffatt
Main Address
P O BOX 647, WACO, TX, 76703
Website
www.liveoakclassical.comNTEE Category
Code: B20 - Education
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