Lionheart Children's Academy

The information on this page was last updated 8/4/2022. 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 310663
Bedford, TX 76095

Website: lionheartkid.org

Phone: (817) 953-3116

Email: [email protected]


Organization details

EIN: 464093705

CEO/President: Stan Dobbs / Pete Wayman, CPA

Chairman:

Board size: 6

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

"Our Difference: Lionheart is passionate about early education. Children who receive a quality preschool education are better prepared to succeed in school and life. We are committed to providing the highest quality education for our children to prepare them for school, but more importantly, for a lifetime of learning. Lionheart's innovative curriculum focuses on science, technology, engineering, arts, and math (STEAM). Our hands-on program is designed to give preschoolers a huge head start on learning core scientific concepts."


Statement of faith

Donor confidence score

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Transparency grade

A

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Financial efficiency ratings

Sector: K-12 Schools/Academies

CategoryRatingOverall rankSector rank
Overall efficiency rating27 of 10331 of 40
Fund acquisition rating11 of 10356 of 40
Resource allocation rating171 of 10352 of 40
Asset utilization rating157 of 10336 of 40

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
13%1%1%0%1%0%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
3%0%0%0%0%0%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
13%32%33%32%38%46%
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
87%68%67%68%62%54%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%88%90%91%91%88%
Spending ratio Spending ratio =
Total expenses /
Total revenue
96%105%90%90%101%93%
Program output ratio Program output ratio =
Program services /
Total revenue
77%93%82%82%92%82%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
4%-5%10%10%-1%7%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
4%-21%42%56%-8%25%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
15%12%9%9%9%12%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.421.081.771.661.971.63
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.121.992.591.111.191.23
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.492.164.591.832.352.01
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
3.1118.046.1810.3935.0620.39
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.320.060.160.100.030.05
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.405.262.195.914.955.67
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
40%74%55%67%74%52%
Debt ratio Debt ratio =
Debt /
Total assets
14%69%42%53%66%43%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
160%24%25%20%13%29%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$4,458,849$2,042,883$1,971,177$506,810$262,704
Receivables, inventories, prepaids$87,850$438,675$2,607,973$1,993,405$1,190,821
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$4,546,699$2,481,558$4,579,150$2,500,215$1,453,525
Long-term investments$0$0$0$0$0
Fixed assets$331,214$464,872$485,727$486,442$334,883
Other long-term assets$4,190,536$3,485,770$0$0$0
Total long-term assets$4,521,750$3,950,642$485,727$486,442$334,883
Total assets$9,068,449$6,432,200$5,064,877$2,986,657$1,788,408
 
Liabilities20202019201820172016
Payables and accrued expenses$214,380$324,176$370,585$71,321$71,293
Other current liabilities$37,678$77,353$70,351$0$0
Total current liabilities$252,058$401,529$440,936$71,321$71,293
Debt$6,293,165$2,729,269$2,669,256$1,967,051$763,654
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$146,833$417,654$279,350$157,373$99,920
Total long-term liabilities$6,439,998$3,146,923$2,948,606$2,124,424$863,574
Total liabilities$6,692,056$3,548,452$3,389,542$2,195,745$934,867
 
Net assets20202019201820172016
Without donor restrictions$2,374,893$1,544,109$1,210,226$760,395$853,541
With donor restrictions$1,500$1,339,639$465,109$30,517$0
Net assets$2,376,393$2,883,748$1,675,335$790,912$853,541
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$2,981,371$4,176,213$3,026,225$2,236,417$1,437,429
Program service revenue$6,013,708$8,280,787$6,325,275$3,583,893$1,697,550
Membership dues$0$0$0$0$0
Investment income$100,611$52,229$32,417$1,144$1,621
Other revenue$200,773$97,032($42,431)$0$0
Total other revenue$6,315,092$8,430,048$6,315,261$3,585,037$1,699,171
Total revenue$9,296,463$12,606,261$9,341,486$5,821,454$3,136,600
 
Expenses20202019201820172016
Program services$8,651,934$10,291,037$7,654,437$5,329,910$2,571,570
Management and general$1,136,569$1,069,947$746,392$537,090$349,717
Fundraising$15,315$36,865$0$17,083$2,725
Total expenses$9,803,818$11,397,849$8,400,829$5,884,083$2,924,012
 
Change in net assets20202019201820172016
Surplus (deficit)($507,355)$1,208,412$940,657($62,629)$212,588
Other changes in net assets$0$0$0$0$0
Total change in net assets($507,355)$1,208,412$940,657($62,629)$212,588

Compensation

NameTitleCompensation
Stan DobbsCEO$249,378
Nathan McClintockSenior VP$219,077
Pete WaymanCFO$152,953
Donna DuranPresident$138,002
Amelia BeallExecutive Vice Pre$110,137

Compensation data as of: 12/31/2020


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 8/4/2022. 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