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
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: K-12 Schools/Academies
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 23 of 1106 | 1 of 48 |
| Fund acquisition rating | | 8 of 1107 | 7 of 48 |
| Resource allocation rating | | 131 of 1107 | 2 of 48 |
| Asset utilization rating | | 110 of 1106 | 6 of 48 |
Financial ratios
| Funding ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
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 | 3% | 0% | 0% | 0% | 0% | 0% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 15% | 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 | 85% | 67% | 68% | 68% | 67% | 68% |
| Operating ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Program expense ratio Program expense ratio = Program services / Total expenses | 83% | 90% | 91% | 88% | 90% | 91% |
Spending ratio Spending ratio = Total expenses / Total revenue | 94% | 92% | 91% | 105% | 90% | 90% |
Program output ratio Program output ratio = Program services / Total revenue | 76% | 83% | 83% | 93% | 82% | 82% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 6% | 8% | 9% | -5% | 10% | 10% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 6% | 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 ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.46 | 1.73 | 1.46 | 1.08 | 1.77 | 1.66 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 3.08 | 1.48 | 1.63 | 1.99 | 2.59 | 1.11 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.44 | 2.55 | 2.38 | 2.16 | 4.59 | 1.83 |
| Liquidity ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Current ratio Current ratio = Total current assets / Total current liabilities | 3.01 | 16.17 | 11.08 | 18.04 | 6.18 | 10.39 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.33 | 0.06 | 0.09 | 0.06 | 0.16 | 0.10 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 4.19 | 4.42 | 4.59 | 5.26 | 2.19 | 5.91 |
| Solvency ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 33% | 56% | 63% | 74% | 55% | 67% |
Debt ratio Debt ratio = Debt / Total assets | 11% | 45% | 54% | 69% | 42% | 53% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 143% | 26% | 25% | 24% | 25% | 20% |
Financials
| Balance sheet | |||||
| Assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| 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 |
| Liabilities | 2022 | 2021 | 2020 | 2019 | 2018 |
| 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 assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| 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 | |||||
| Revenue | 2022 | 2021 | 2020 | 2019 | 2018 |
| 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 |
| Expenses | 2022 | 2021 | 2020 | 2019 | 2018 |
| 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 assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| 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
| Name | Title | Compensation |
| Stan Dobbs | Director | $336,333 |
| Pete Wayman | President & CEO | $244,137 |
| Nathan McClintock | Exec VP | $179,181 |
| Ashley Sink | CPO | $145,819 |
| Amelia Beall | COO | $118,478 |
| Rachel Saucedo | Senior 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.