Liberty City Charter School Project Inc in Miami, Florida (FL)

Liberty City Charter School Project Inc
Employer Identification Number (EIN)	650683143
Name of Organization	Liberty City Charter School Project Inc
In Care of Name	Katrina Wilson-Davis
Address	515 Nw 88th St, Miami, FL 33150-2400
Activities	School, college, trade school, etc.
Subsection	Charitable Organization
Ruling Date	01/1997
Deductibility	Contributions are deductible
Foundation	School
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	06/2006
Assets	$1,000,000 to $4,999,999
Income	$1,000,000 to $4,999,999
Filing Requirement	990 (all other) or 990EZ return
Asset Amount	$1,012,773
Amount of Income	$2,549,850
Form 990 Revenue Amount	$2,549,850
National Taxonomy of Exempt Entities (NTEE)	Educational Institutions and Related Activities: Primary, Elementary Schools

Non-representatives - add comments:

Amount of income in 2006: $2,549,850

This organization:	$2,549,850
Other organizations performing similar types of work:	$2,913,847

Assets in 2006: $1,012,773

Liberty City Charter School Project Inc:	$1,012,773
Other organizations performing similar types of work:	$3,641,518

Expenses in 2005: $2,507,619

Liberty City Charter School Project Inc:	$2,507,619
Other organizations performing similar types of work:	$2,795,149

Income to expenses ratio in 2005: 1.0

This organization:	1.0
Other organizations performing similar types of work:	1.1

Expenses allocated to program services in 2005: 71.2%

Liberty City Charter School Project Inc:	71.2%
Other organizations performing similar types of work:	78.6%

Number of employees in 2005: 25

Liberty City Charter School Project Inc:	25
Other organizations performing similar types of work:	71

Employees paid over $50,000 in 2005: 0.0%

Liberty City Charter School Project Inc:	0.0%
Other organizations performing similar types of work:	17.4%

Grants share in income in 2005: 89.4%

Liberty City Charter School Project Inc:	89.4%
Other organizations performing similar types of work:	11.4%

Financial snapshot ($)

Revenue for 2005

Assets at end of 2005

Expenses for 2005

Functional Expenses for 2005 ($)

Income-Producing Activities for 2005

	2000	2001	2002	2003	2004	2005
Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue	$1,428,940	$1,808,526	$1,696,864	$1,940,158	$2,467,558	$2,549,850
Contributions, gifts, grants, and similar amounts received	$1,391,830	$1,697,209	$1,585,207	$1,760,005	$2,274,762	$2,279,407
Contributions to donor advised funds
Direct public support	$74,759	$144,556	$139,492	$239,498	$273,814	$132,784
Indirect public support	$0	$0	$0	$0	$0	$0
Government contributions (grants)	$1,317,071	$1,552,653	$1,445,715	$1,520,507	$2,000,948	$2,146,623
Program service revenue including government fees and contracts	$0	$0	$50,695	$76,164	$85,956	$61,491
Membership dues and assessments	$0	$0	$0	$0	$0	$0
Interest on savings and temporary cash investments	$0	$6,311	$0	$0	$0	$0
Dividends and interest from securities	$0	$0	$0	$0	$0	$0
Net rental income or (loss)	$0	$0	$0	$0	$0	$0
Gross rents	$0	$0	$0	$0	$0	$0
Less: rental expenses	$0	$0	$0	$0	$0	$0
Other investment income	$23,173	$0	$0	$0	$0	$0
Gain or (loss) from sales of assets other than inventory	$0	$0	$0	$0	$0	$0
Gross amount from sales of assets other than inventory	$0	$0	$0	$0	$0	$0
Less: cost or other basis and sales expenses	$0	$0	$0	$0	$0	$0
Net income or (loss) from special events and activities	$0	$0	$0	$0	$0	$0
Gross revenue	$0	$0	$0	$0	$0	$0
Less: direct expenses other than fundraising expenses	$0	$0	$0	$0	$0	$0
Gross profit or (loss) from sales of inventory	$0	$0	$0	$0	$0	$0
Gross sales of inventory, less returns and allowances	$0	$0	$0	$0	$0	$0
Less: cost of goods sold	$0	$0	$0	$0	$0	$0
Other revenue	$13,937	$105,006	$60,962	$103,989	$106,840	$208,952
Total expenses	$1,381,132	$1,609,574	$1,878,061	$2,228,070	$2,427,948	$2,507,619
Program services	$1,163,549	$1,434,328	$1,536,928	$1,818,337	$1,996,165	$1,784,185
Management and general	$217,583	$175,246	$341,133	$409,733	$431,783	$700,622
Fundraising	$0	$0	$0	$0	$0	$22,812
Payments to affiliates	$0	$0	$0	$0	$0	$0
Net assets or fund balances at end of year	$517,733	$676,685	$310,455	$61,916	$101,526	$143,757
Excess or (deficit) for the year	$47,808	$198,952	$-181,197	$-287,912	$39,610	$42,231
Net assets or fund balances at beginning of year	$469,925	$517,733	$676,685	$310,455	$61,916	$101,526
Other changes in net assets or fund balances	$0	$-40,000	$-185,033	$39,373	$0	$0

	Total	Program services	Management and general	Fundraising
Statement of Functional Expenses (for 2005)
Total functional expenses	$2,507,619	$1,784,185	$700,622	$22,812
Grants paid from donor advised funds
Other grants and allocations		$357
Specific assistance to individuals		$0
Benefits paid to or for members		$0
Compensation of current officers, directors, key employees, etc.	$115,722	$0	$115,722	$0
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above	$1,239,877	$987,044	$252,833	$0
Pension plan contributions not included above	$10,058	$0	$10,058	$0
Employee benefits not included above	$130,387	$97,147	$33,240	$0
Payroll taxes	$108,385	$79,338	$29,047	$0
Professional fundraising fees	$22,812	$0	$0	$22,812
Accounting fees	$61,004	$0	$61,004	$0
Legal fees	$92,428	$0	$92,428	$0
Supplies	$28,838	$28,838	$0	$0
Telephone	$15,921	$13,677	$2,244	$0
Postage and shipping	$3,295	$3,295	$0	$0
Occupancy	$263,783	$263,783	$0	$0
Equipment rental and maintenance	$74,630	$74,630	$0	$0
Printing and publications	$50,302	$50,302	$0	$0
Travel	$104,046	$0	$104,046	$0
Conferences, conventions, and meetings	$0	$0	$0	$0
Interest	$58,272	$58,272	$0	$0
Depreciation, depletion, etc.	$57,462	$57,462	$0	$0
Other expenses not covered above	$70,040	$70,040	$0	$0

	2000	2001	2002	2003	2004	2005
Balance Sheets
Total assets	$1,018,355	$999,319	$665,046	$460,777	$1,029,693	$1,012,773
Cash - non-interest-bearing	$86,592	$153,623	$193,492	$36,611	$75,469	$69,416
Savings and temporary cash investments	$324,053	$87,030	$86,847	$0	$0	$0
Accounts receivable less allowance for doubtful accounts	$273,676	$222,393	$100,771	$82,440	$40,020	$36,691
Pledges receivable less allowance for doubtful accounts	$0	$0	$0	$0	$0	$0
Grants receivable	$0	$0	$0	$0	$0	$0
Receivables from current and former officers, directors, trustees, and key employees	$0	$0	$0	$0	$0	$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts	$0	$0	$0	$0	$0	$0
Inventories for sale or use	$0	$0	$0	$0	$0	$0
Prepaid expenses and deferred charges	$2,853	$2,390	$8,307	$8,323	$4,483	$26,610
Investments - publicly-traded securities
Investments - other securities	$0	$0	$0	$0	$0	$0
Investments - land, buildings, and equipment less accumulated depreciation	$0	$0	$0	$0	$0	$0
Investments - other	$0	$115,000	$115,000	$115,000	$0	$0
Land, buildings, and equipment less accumulated depreciation	$291,181	$418,883	$158,239	$201,013	$906,111	$875,896
Other assets, including program-related investments	$40,000	$0	$2,390	$17,390	$3,610	$4,160
Total liabilities	$500,622	$322,634	$354,591	$398,861	$928,167	$869,016
Accounts payable and accrued expenses	$53,524	$48,896	$97,032	$213,873	$287,975	$274,907
Grants payable	$0	$0	$0	$0	$0	$0
Deferred revenue	$407,098	$233,738	$217,559	$144,988	$0	$0
Loans from officers, directors, trustees, and key employees	$0	$0	$0	$0	$0	$0
Tax-exempt bond liabilities	$0	$0	$0	$0	$0	$0
Mortgages and other notes payable	$40,000	$40,000	$40,000	$40,000	$639,192	$594,109
Other liabilities	$0	$0	$0	$0	$1,000	$0
Total liabilities and net assets/fund balances	$1,018,355	$999,319	$665,046	$460,777	$1,029,693	$1,012,773
Total net assets or fund balances	$517,733	$676,685	$310,455	$61,916	$101,526	$143,757

	2000	2001	2002	2003	2004	2005
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
Total revenue	$1,428,940	$1,808,526	$1,696,864	$1,940,158	$2,467,558	$2,549,850
Total revenue, gains, and other support per audited financial statements	$1,428,940	$1,808,526	$1,696,864	$1,940,158	$2,467,558	$2,549,850
Other expenses	$0	$0	$0	$0	$0	$0
Net unrealized gains on investments	$0	$0	$0	$0	$0	$0
Donated services and use of facilities	$0	$0	$0	$0	$0	$0
Recoveries of prior year grants	$0	$0	$0	$0	$0	$0
Other	$0	$0	$0	$0	$0	$0
Other revenue	$0	$0	$0	$0	$0	$0
Investment expenses	$0	$0	$0	$0	$0	$0
Other	$0	$0	$0	$0	$0	$0

	2000	2001	2002	2003	2004	2005
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
Total expenses	$1,381,132	$1,609,574	$1,878,061	$2,228,070	$2,427,948	$2,507,619
Total expenses and losses per audited financial statements	$1,381,132	$1,852,276	$1,878,061	$2,228,070	$2,427,948	$2,507,619
Other revenue	$0	$302,325	$0	$0	$0	$0
Donated services and use of facilities	$0	$0	$0	$0	$0	$0
Prior year adjustments	$0	$0	$0	$0	$0	$0
Losses	$0	$0	$0	$0	$0	$0
Other	$0	$302,325	$0	$0	$0	$0
Other expenses	$0	$59,623	$0	$0	$0	$0
Investment expenses	$0	$0	$0	$0	$0	$0
Other	$0	$59,623	$0	$0	$0	$0

Current Officers, Directors, Trustees, and Key Employees

Total number of officers, directors, and trustees permitted to vote on organization business at board meetings	7
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?	No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?	No
Does the organization have a written conflict of interest policy?	Yes

Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?	No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?	No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?	No
Direct and indirect political expenditures	$0
Did the organization file Form 1120-POL for this year?	No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members	$0
Section 162(e) lobbying and political expenditures	$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices	$0
Taxable amount of lobbying and political expenditures	$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions	$0
Gross receipts for public use of club facilities	$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911	$0
Amount of tax imposed on the organization during the year under: section 4912	$0
Amount of tax imposed on the organization during the year under: section 4955	$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?	No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958	$0
Amount of tax above, reimbursed by the organization	$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 2006	25

	Unrelated business income		Excluded by section 512, 513, or 514		Related or exempt function income
Analysis of Income-Producing Activities (for 2005)
	Business code	Amount	Exclusion code	Amount	Related or exempt function income
Total		$0		$270,443	$0
Program service revenue
Program service revenue 1	000000	$0	Section 501(c)(3) organization - Income from an activity carried on primarily for the convenience of the organization's members, students, patients, visitors, officers, or employees (hospital parking lot or museum cafeteria, for example) (section 513(a)(2))	$61,491	$0
Program service revenue 2	000000	$0	00	$0	$0
Program service revenue 3	000000	$0	00	$0	$0
Program service revenue 4	000000	$0	00	$0	$0
Program service revenue 5	000000	$0	00	$0	$0
Medicare/Medicaid payments	000000	$0	00	$0	$0
Fees and contracts from government agencies	000000	$0	00	$0	$0
Membership dues and assessments	000000	$0	00	$0	$0
Interest on savings and temporary cash investments	000000	$0	00	$0	$0
Dividends and interest from securities	000000	$0	00	$0	$0
Net rental income or (loss) from real estate
debt-financed property	000000	$0	00	$0	$0
not debt-financed property	000000	$0	00	$0	$0
Net rental income or (loss) from personal property	000000	$0	00	$0	$0
Other investment income	000000	$0	00	$0	$0
Gain or (loss) from sales of assets other than inventory	000000	$0	00	$0	$0
Net income or (loss) from special events	000000	$0	00	$0	$0
Gross profit or (loss) from sales of inventory	000000	$0	00	$0	$0
Other revenue	000000	$0	Section 501(c)(3) organization - Income from an activity carried on primarily for the convenience of the organization's members, students, patients, visitors, officers, or employees (hospital parking lot or museum cafeteria, for example) (section 513(a)(2))	$208,952	$0

EIN of corporation, partnership, or disregarded entity	Percentage of ownership interest	Total income	End-of-year assets
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2005)
	0%	$0	$0
	0%	$0	$0
	0%	$0	$0
	0%	$0	$0

Compensation	Contributions to employee benefit plans & deferred compensation	Expense account and other allowances
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2005)
$0	$0	$0
$0	$0	$0
$0	$0	$0
$0	$0	$0
$0	$0	$0

Total number of other employees paid over $50,000	0

Total number of other employees paid over $50,000

Statements About Activities (for 2005)
Expenses paid or incurred in connection with the lobbying activities	$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year
The aggregate value of assets held in all donor advised funds owned at the end of the tax year
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
The aggregate value of assets held in all funds or accounts included above at the end of the tax year

Reason for Non-Private Foundation Status
The organization is not a private foundation because it is	School

	1999	2000	2001	2002	2003	2004
Support Schedule
Total	$0	$0	$0	$0	$0	$0
Gifts, grants, and contributions received	$0	$0	$0	$0	$0	$0
Membership fees received	$0	$0	$0	$0	$0	$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose	$0	$0	$0	$0	$0	$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975	$0	$0	$0	$0	$0	$0
Net income from unrelated business activities not included above	$0	$0	$0	$0	$0	$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf	$0	$0	$0	$0	$0	$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge	$0	$0	$0	$0	$0	$0
Other income	$0	$0	$0	$0	$0	$0

Lobbying Expenditures by Electing Public Charities (for 2005)
Total exempt purpose expenditures	$0
Total lobbying expenditures	$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)	$0
Total lobbying expenditures to influence a legislative body (direct lobbying)	$0
Other exempt purpose expenditures	$0
Lobbying nontaxable amount	$0
Grassroots nontaxable amount	$0

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Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
1	Seacrest School Inc	7100 Davis Blvd, Naples, FL 34104-5314	FL	1987-05	$21,042,464
2	Independent Day School Of Tampa Inc	12015 Orange Grove Dr, Tampa, FL 33618-3699	FL	1970-11	$8,581,203
3	Community Christian School Of Tallahassee Inc	4859 Kerry Forest Pkwy, Tallahassee, FL 32309-2273	FL	1995-11	$2,960,765
4	Liberty City Charter School Project Inc	515 Nw 88th St, Miami, FL 33150-2400	FL	1997-01	$2,549,850
5	Naples Christian Academy Association Inc	3161 Santa Barbara Blvd, Naples, FL 34116-7424	FL	1975-01	$1,883,497
6	Smart School Inc	3020 Nw 33rd Ave, Laud Lakes, FL 33311-1106	FL	1999-03	$1,151,885
7	Mater Academy Inc	6340 Sunset Dr, Miami, FL 33143-4836	FL	2000-01	$65,865,035
8	Vlt Academy	1100 Sycamore St Suite 300, Cincinnati, OH 45202-1321	OH	2006-09	$7,512,504
9	Learning Excellence Foundation Of West Broward County Inc	2500 Glades Cir, Weston, FL 33327-2253	FL	2007-02	$6,787,095
10	Thetford Academy	PO BOX 190, Thetford, VT 05074-0190	VT	1972-05	$6,491,956
11	Presidio Knolls School Inc	250 10th St, San Francisco, CA 94103-3811	CA	2007-06	$4,819,807
12	Pinnacle Education Services	3949 University Dr, Fairfax, VA 22030	VA	2009-06	$2,813,690
13	Sacred Heart Nativity School	310 Edwards Ave, San Jose, CA 95110-3005	CA	1946-03	$2,653,719
14	Cannon River Stem School	1800 14th St Ne, Faribault, MN 55021-2508	MN	2009-07	$2,613,110
15	Woodland Star Charter School	17811 Arnold Dr, Sonoma, CA 95476-4019	CA	2007-03	$1,944,268
16	First Christian Academy & Learningcenter Inc	6800 Trouble Creek Rd, New Prt Rchy, FL 34653-5500	FL	2007-11	$886,116
17	Faith Fellowship Academy Inc	2820 Business Center Blvd, Melbourne, FL 32940-7103	FL	2000-05	$822,562
18	Veritas School Inc	10153 West Us Hwy 90, Lake City, FL 32055	FL	2006-12	$158,886
19	Intervention Group Inc, Pensacola Acade	17 W Maxwell St, Pensacola, FL 32501-1717	FL	2001-02	$0
20	Neighborhood Learning Center-Bradenton Inc	5205 26th Street West Suite B, Bradenton, FL 34207	FL	2007-06	$0

Number of organizations performing similar types of work

Arizona	5
California	27
Colorado	2
Connecticut	10
District of Columbia	1
Delaware	1
Florida	15
Georgia	10
Idaho	2
Illinois	8
Indiana	4
Kansas	1
Kentucky	1
Louisiana	4
Massachusetts	11
Maryland	9
Maine	1
Michigan	7
Minnesota	7
Missouri	3

Montana	1
North Carolina	6
New Hampshire	4
New Jersey	8
New Mexico	2
New York	12
Ohio	9
Oklahoma	4
Oregon	2
Pennsylvania	7
Rhode Island	1
South Carolina	1
South Dakota	1
Tennessee	6
Texas	10
Virginia	1
Vermont	1
Washington	11
Wisconsin	5

Total

221

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