Lionheart Children's Academy

The information on this page was last updated 12/21/2023. If you see errors or omissions, please email: [email protected]


Summary



Lionheart is a non-profit Christian organization committed to excellence in early childhood education. We are passionate about equipping kids to be world changers, and supporting working parents who need quality, affordable care and education for their children.

Nurturing the Whole Child: While education is vitally important, life is not all about what you know. Well-rounded, healthy children also develop physically, educationally, emotionally, and spiritually. We emphasize physical activity and structured play while also teaching and practicing healthy eating. Most importantly, we want every child to know they are loved unconditionally by their parents, by Lionheart, and by God. Lionheart Children's Academy seeks to affirm children and celebrate their individual gifts. Children are taught Bible stories and encouraged to memorize key Bible passages that affirm God's love and plan for them. We believe it is critical to build a good spiritual foundation in the lives of children in order for them to grow spiritually and morally throughout their lives, giving them a plumb line for making good decisions.


Contact information

Mailing address:
Lionheart Children's Academy
PO Box 210663
Bedford, TX 76095

Website: lionheartkid.org

Phone: (817)768-6865

Email: [email protected]


Organization details

EIN: 464093705

CEO/President: Stan Dobbs / Pete Wayman

Chairman: Woody Conradt

Board size: 7

Founder: Stan Dobbs

Ruling year: 2014

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 2016


Purpose

Lionheart Children's Academy is committed to partnering with you to give your child the best possible start. With an emphasis on children's educational and spiritual growth, we address the needs of the whole child. Our staff selection is based not only on qualifications but also on a passion for teaching and our abiding love for children. This purposeful and holistic approach to early care and education ensures that your child has a strong and healthy foundation for learning and for life.


Mission statement

Lionheart is a non-profit Christian organization committed to early childhood education to equip kids to be world changers, and support working parents who need quality, affordable care and education for their children.


Statement of faith

Donor confidence score

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Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: K-12 Schools/Academies

CategoryRatingOverall rankSector rank
Overall efficiency rating22 of 11041 of 48
Fund acquisition rating7 of 11056 of 48
Resource allocation rating116 of 11052 of 48
Asset utilization rating114 of 11046 of 48

Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
11%1%0%1%1%0%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%0%0%0%0%0%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
16%33%32%32%33%32%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
3%0%0%0%0%0%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
84%67%68%68%67%68%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
83%90%91%88%90%91%
Spending ratio Spending ratio =
Total expenses /
Total revenue
93%92%91%105%90%90%
Program output ratio Program output ratio =
Program services /
Total revenue
74%83%83%93%82%82%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
7%8%9%-5%10%10%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
7%32%40%-21%42%56%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
14%9%9%12%9%9%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.461.731.461.081.771.66
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.081.481.631.992.591.11
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.452.552.382.164.591.83
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
3.0116.1711.0818.046.1810.39
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.330.060.090.060.160.10
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.194.424.595.262.195.91
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
33%56%63%74%55%67%
Debt ratio Debt ratio =
Debt /
Total assets
12%45%54%69%42%53%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
143%26%25%24%25%20%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$8,407,390$6,403,091$4,458,849$2,042,883$1,971,177
Receivables, inventories, prepaids$375,286$140,545$87,850$438,675$2,607,973
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$8,782,676$6,543,636$4,546,699$2,481,558$4,579,150
Long-term investments$0$0$0$0$0
Fixed assets$527,046$254,208$331,214$464,872$485,727
Other long-term assets$3,655,851$3,873,812$4,190,536$3,485,770$0
Total long-term assets$4,182,897$4,128,020$4,521,750$3,950,642$485,727
Total assets$12,965,573$10,671,656$9,068,449$6,432,200$5,064,877
 
Liabilities20222021202020192018
Payables and accrued expenses$352,692$393,232$214,380$324,176$370,585
Other current liabilities$190,308$197,280$37,678$77,353$70,351
Total current liabilities$543,000$590,512$252,058$401,529$440,936
Debt$5,808,271$5,778,476$6,293,165$2,729,269$2,669,256
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$851,975$370,393$146,833$417,654$279,350
Total long-term liabilities$6,660,246$6,148,869$6,439,998$3,146,923$2,948,606
Total liabilities$7,203,246$6,739,381$6,692,056$3,548,452$3,389,542
 
Net assets20222021202020192018
Without donor restrictions$5,468,619$3,660,548$2,374,893$1,544,109$1,210,226
With donor restrictions$293,708$271,727$1,500$1,339,639$465,109
Net assets$5,762,327$3,932,275$2,376,393$2,883,748$1,675,335
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$7,952,619$5,525,501$2,981,371$4,176,213$3,026,225
Program service revenue$16,055,513$10,177,917$6,013,708$8,280,787$6,325,275
Membership dues$0$0$0$0$0
Investment income$86,876$25,472$100,611$52,229$32,417
Other revenue$125,609$1,380,795$200,773$97,032($42,431)
Total other revenue$16,267,998$11,584,184$6,315,092$8,430,048$6,315,261
Total revenue$24,220,617$17,109,685$9,296,463$12,606,261$9,341,486
 
Expenses20222021202020192018
Program services$20,200,444$14,188,496$8,651,934$10,291,037$7,654,437
Management and general$2,125,306$1,352,920$1,136,569$1,069,947$746,392
Fundraising$64,815$12,387$15,315$36,865$0
Total expenses$22,390,565$15,553,803$9,803,818$11,397,849$8,400,829
 
Change in net assets20222021202020192018
Surplus (deficit)$1,830,052$1,555,882($507,355)$1,208,412$940,657
Other changes in net assets$0$0$0$0$0
Total change in net assets$1,830,052$1,555,882($507,355)$1,208,412$940,657

Compensation

NameTitleCompensation
Stan DobbsDirector$336,333
Pete WaymanPresident & CEO$244,137
Nathan McClintockExec VP$179,181
Ashley SinkCPO$145,819
Amelia BeallCOO$118,478
Rachel SaucedoSenior VP$115,185

Compensation data as of: 12/31/2022


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 12/21/2023. To update the information below, please email: [email protected]


History

Lionheart opened it's first academy in 2014, with six in operation by 2018, and another 16 academies planned by 2020. Lionheart's church partners are having a distinct spiritual impact and reaching new families in their communities through Lionheart Children's Academy.


Program accomplishments


Needs