Lenox School Inc

“Form 990 is given to directors to review declarations for accuracy.”

“The school makes its governing documents, conflict of interest policy, and financial statements available upon request to qualified parties.”

“The school is now engaged primarily in the establishment of a new educational institution, The College Of Debate, which will organize discussion and textual debates between experts of all viewpoints on policy issues, and provide public access to the debate summaries. A detailed book The Congress Of Policy Debate may be downloaded without charge at the school's new website CongressOfDebate.com. Ten trademarks and 66 website URLs were obtained in 2022, and software development has begun for the extensive website operations. The Springvale campus was sold as no longer needed, because the new institution will operate primarily on-line.”

“Title to the Springvale property (2 parcels) was reverted to the donor temporarily so that he could represent the property to have a false lien removed by the Springvale court. This amount is shown as a loss of the original value of the donations. The donor then donated the property again to the school, and the new fair market value is shown as the value of the donation. The school sold the property on the same day as the donation, for the market value of $995,000, shown less the transaction costs on for 990 section I line 11 and part 8 line 7d, as $993,136.”

“For Part XI line 9: Title to the Springvale property )2 parcels) was reverted to the donor temporarily so that he could represent the property to have a false lien removed by the Springvale court. This amount is shown as a loss of the original amount of the donations. The donor then donated the property again to the school, and the new fair market value is shown as the value of the donation. The school sold the property on the same day as the donation as planned, for the FMV of $995,000, shown less the transaction costs on form 990 Part I Line 11, and Part VIII Line 6d.”