Civic Intelligence

Lake Highland Preparatory School Foundation Inc.

990 • Fiscal year 2017 • EIN 20-0724295

Jul 01, 2016 to Jun 30, 2017 • Filed on May 08, 2018

Organization Profilewww.lhps.org
901 North Highland AvenueOrlando, FL 32803

(407) 206-1919

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

69th percentile

0.44x

Higher debt load relative to assets than 69% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

95th percentile

7.04x

Higher debt load relative to revenue than 95% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

98th percentile

90%

Higher net margin than 98% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

72nd percentile

$255,954

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 28.8% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

65th percentile

9.1%

Faster asset growth than 65% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

16th percentile

-10%

Faster revenue growth than 16% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets69th percentile

Assets

Up

$14,200,236

Up $1,181,805 (+9.1%) from 2016

Net Assets

Up

$7,943,242

Up $1,115,579 (+16%) from 2016

Liabilities

Up

$6,256,994

Up $66,226 (+1.1%) from 2016

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin98th percentile

Revenue

Down

$888,490

Down $102,277 (-10%) from 2016

Expenses

Up

$88,767

Up $51,391 (+137%) from 2016

Net Income

Down

$799,723

Down $153,668 (-16%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth65th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2010: $6,176,598Liabilities 2010: $5,367,386Net Assets 2010: $809,2122010Assets 2011: $6,766,048Liabilities 2011: $5,905,527Net Assets 2011: $860,5212011Assets 2012: $6,888,822Liabilities 2012: $5,926,707Net Assets 2012: $962,1152012Assets 2013: $6,718,808Liabilities 2013: $5,449,363Net Assets 2013: $1,269,4452013Assets 2014: $11,108,661Liabilities 2014: $5,485,327Net Assets 2014: $5,623,3342014Assets 2015: $11,826,614Liabilities 2015: $6,135,221Net Assets 2015: $5,691,3932015Assets 2016: $13,018,431Liabilities 2016: $6,190,768Net Assets 2016: $6,827,6632016Assets 2017: $14,200,236Liabilities 2017: $6,256,994Net Assets 2017: $7,943,2422017Assets 2018: $14,500,564Liabilities 2018: $6,320,694Net Assets 2018: $8,179,8702018Assets 2019: $15,441,056Liabilities 2019: $6,473,439Net Assets 2019: $8,967,6172019Assets 2020: $15,857,824Liabilities 2020: $6,643,936Net Assets 2020: $9,213,8882020Assets 2021: $17,505,520Liabilities 2021: $6,707,702Net Assets 2021: $10,797,8182021Assets 2022: $16,835,934Liabilities 2022: $6,688,748Net Assets 2022: $10,147,1862022Assets 2023: $18,643,680Liabilities 2023: $6,805,758Net Assets 2023: $11,837,9222023Assets 2025: $20,982,865Liabilities 2025: $7,800,308Net Assets 2025: $13,182,5572025

Highlighted filing

2017

Assets$14,200,236
Liabilities$6,256,994
Net Assets$7,943,242
Open 2017 Filing

Operations Trend

Revenue Growth16th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $02010Expenses 2011: $7,6052011Expenses 2012: $5,4982012Expenses 2013: $13,2502013Revenue 2014: $4,353,889Expenses 2014: $0Net Income 2014: $4,353,8892014Revenue 2015: $628,446Expenses 2015: $705,880Net Income 2015: -$77,4342015Revenue 2016: $990,767Expenses 2016: $37,376Net Income 2016: $953,3912016Revenue 2017: $888,490Expenses 2017: $88,767Net Income 2017: $799,7232017Revenue 2018: $184,658Expenses 2018: $133,704Net Income 2018: $50,9542018Revenue 2019: $527,973Expenses 2019: $140,327Net Income 2019: $387,6462019Revenue 2020: $185,727Expenses 2020: $157,341Net Income 2020: $28,3862020Revenue 2021: $399,307Expenses 2021: $157,621Net Income 2021: $241,6862021Revenue 2022: $501,204Expenses 2022: $202,686Net Income 2022: $298,5182022Revenue 2023: $1,238,187Expenses 2023: $209,785Net Income 2023: $1,028,4022023Revenue 2025: $869,976Expenses 2025: $1,983,590Net Income 2025: -$1,113,6142025

Highlighted filing

2017

Revenue$888,490
Expenses$88,767
Net Income$799,723
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 8, 2018
Return Version
2016v3.0
Gross Receipts
$888,490
Mission and Program Overview

Mission

The foundation raises, receives, maintains and manages funds solely for the use and benefit of lake highland preparatory school, inc.

Supporting Organization

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$7,215,286$8,038,505▲ $823,219
Investments Other Securities$5,769,900$6,146,953▲ $377,053
Pledges and Grants Receivable$33,245$14,778▼ $18,467
Total Assets$13,018,431$14,200,236▲ $1,181,805
Liabilities
Escrow Account Liability$6,190,768$6,256,994▲ $66,226
Total Liabilities$6,190,768$6,256,994▲ $66,226
Net Assets / Fund Balance
Unrestricted Net Assets$4,491,558$4,542,215▲ $50,657
Permanently Rstr Net Assets$2,141,131$2,969,883▲ $828,752
Temporarily Rstr Net Assets$194,974$431,144▲ $236,170
Total Net Assets Fund Balance$6,827,663$7,943,242▲ $1,115,579
Total Liabilities and Net Assets / Fund Balance$13,018,431$14,200,236▲ $1,181,805

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$6,146,953--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$6,800,922$828,752▲ $375,594-$7,934,964
2015$5,680,041$844,664▲ $308,983-$6,800,922
2014$4,906,103$593,250▲ $180,688-$5,680,041
2013$565,548$4,192,837▲ $147,719-$4,906,103
2012$272,837$266,190▲ $26,521-$565,548
Compensation and Service Providers
Top Officer Pay72nd percentile

Board Members and Trustees

NameTitle
Robert A BourneChairman / President
Charles AllisonVice-President / Treasurer
James BartlettCFO
Ann LomasMember
Brett BarnerMember
Gregory RamsbyMember
Kalani MeffeMember
Michael StewartMember
Russ ReynoldsMember
Revenue and Support

Revenue Composition

Contributions and Grants
$828,752
Program Service Revenue
$0
Investment Income
$59,738
Other Revenue
$0
All Other Contributions
$728,752
Change in Net Assets
$799,723

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$25,118Fair market value
Total Noncash Contributions1$25,118-

Audited Revenue Reconciliation

Revenue per Audited Statements
$888,490
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$344,146
Total Revenue per Audited Statements
$1,232,636
Total Revenue per Form 990
$888,490
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$70,304
Other Expenses$18,463
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$70,304--$70,304
Other Expenses-$18,463-$18,463
Total Functional Expenses$70,304$18,463$0$88,767

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$117,057
Expenses per Audited Statements$88,767
Total Expenses per Form 990$88,767
Expenses Not Reported on Form 990$28,290
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Lake Highland Preparatory School IncOrlando, FL501(c)(3)General support$70,304
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

“The Foundation's top management and top financial official each review the Form 990 prior to its filing with the IRS.”

Form 990, Part VI, Section B, line 12C

“The Foundation's conflict of interest policy is distributed to each member of the Foundation's governing body. Each such individual provides a disclosure statement indicating that they have received, read, understood and agreed to comply with the policy, and certifying that: (1) they have no relationships or interests that present a conflict of interest, (2) they have one or more conflicts of interest that have been fully disclosed as required by the policy and have been properly administered in conformity with the policy, or (3) they have previously undisclosed conflicts of interest and disclosing the details of such conflicts. (Since the Foundation has no signficant transaction volume, such disclosure statements are generally requested every other year.) Any disclosure statements with previously undisclosed conflicts of interest are forwarded to appropriate Foundation officials to take appropriate actions as required by the policy.”

Form 990, Part VI, Section B, line 15

“The Foundation does not have paid employees and therefore does not have a compensation setting policy.”

Form 990, Part VI, Section C, line 19

“The Foundation does not make its Articles of Incorporation, bylaws, conflict of interest policy, or financial statements available to the general public.”

Filing and Contact Details

Filer

Filer Name
Lake Highland Preparatory School
EIN
20-0724295
Phone
4072061919
Address
901 North Highland Avenue, Orlando, FL 32803

Signing Officer

Name
James Bartlett
Title
CFO
Phone
4072061919
Signed
2018-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Bartlett
Formed
2003
Legal Domicile
Fl
Voting Board Members
8
Independent Board Members
7
Employees
0
Volunteers
8

Preparer

Firm
Batts Morrison Wales & Lee PA
Address
801 North Orange Avenue Suite 800, Orlando, FL 32801
Preparer
Julia W James
Phone
4077706000
Supplemental Narrative

Additional Explanations

Form 990, Part XII, line 2C:

“The Foundation's Board of Directors, or a committee thereof, assumes responsibility for the oversight of the audit of its financial statements and the selection of an independent accountant. This process has not changed from the prior year.”

Financial Statement Notes

Part IV, Line 2B:

“The Foundation holds funds on behalf of its supported organization, Lake Highland Preparatory School, Inc. These funds are transferred to the School as needed for construction and other purposes. As of 6/30/17, the balance held by the Foundation on behalf of the School was $6,256,994 and is reported on line 21 of Part X.”

Part V, Line 4:

“The endowment funds are held for the benefit of Lake Highland Preparatory School, Inc. and are intended to be used to support the School's Christian ministries, teachers, Edison program (special education), and debate program.”

Part X, Line 2:

“The Foundation is exempt from federal income tax as an organization described in Section 501(c)(3) of the Internal Revenue Code and from state income tax pursuant to Florida law. The Foundation is further classified by the Internal Revenue Service as a supporting organization described in Section 509(a)(3) of the Internal Revenue Code and not a private foundation. The Foundation has not incurred unrelated business income taxes. As a result, no income tax provision or liability has been provided for in the accompanying financial statements. The Foundation has not taken any material uncertain tax positions for which the associated tax benefits may not be recognized under accounting principles generally accepted in the United States of America.”

Raw XML AppendixShowing 400 of 541 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0The Organization is completing the 509(a)(1) Test at Schedule A, Part II, to allow it to qualify for the special rule for Schedule B reporting, in accordance with the Schedule A instructions. Part II, Section B, Line 10: Other income includes miscellaneous income.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part II:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0828752
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0844664
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0593250
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt04194421
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0294065
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt06755152
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt059738
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0126103
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt035196
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0147718
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt026515
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0395270
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt020000
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt011750
IRS990ScheduleA/OtherIncome170Grp/TotalAmt031750
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicSupportCY170Pct00.75090
IRS990ScheduleA/PublicSupportPY170Pct00.80520
IRS990ScheduleA/PublicSupportTotal170Amt05392795
IRS990ScheduleA/SubstantialContributorsTotAmt01362357
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0590624431
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt070304
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Lake Highland Preparatory School
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt070304
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0828752
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0844664
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0593250
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt04194421
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0294065
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt06755152
IRS990ScheduleA/TotalSupportAmt07182172
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.50000
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt06800922
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0828752
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt07934964
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt070304
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0375594
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt05680041
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0844664
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt06800922
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt032766
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0308983
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt04906103
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0593250
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt05680041
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0180688
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0565548
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt04192837
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt04906103
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0147719
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0272837
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0266190
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0565548
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt026521
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt028290
IRS990ScheduleD/DonatedServicesUseFcltsAmt028290
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt028290
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt088767
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0315856
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt06146953
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Investments
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.37000
IRS990ScheduleD/RevenueNotReportedAmt0344146
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0888490
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Foundation holds funds on behalf of its supported organization, Lake Highland Preparatory School, Inc. These funds are transferred to the School as needed for construction and other purposes. As of 6/30/17, the balance held by the Foundation on behalf of the School was $6,256,994 and is reported on line 21 of Part X.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1The endowment funds are held for the benefit of Lake Highland Preparatory School, Inc. and are intended to be used to support the School's Christian ministries, teachers, Edison program (special education), and debate program.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2The Foundation is exempt from federal income tax as an organization described in Section 501(c)(3) of the Internal Revenue Code and from state income tax pursuant to Florida law. The Foundation is further classified by the Internal Revenue Service as a supporting organization described in Section 509(a)(3) of the Internal Revenue Code and not a private foundation. The Foundation has not incurred unrelated business income taxes. As a result, no income tax provision or liability has been provided for in the accompanying financial statements. The Foundation has not taken any material uncertain tax positions for which the associated tax benefits may not be recognized under accounting principles generally accepted in the United States of America.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part IV, Line 2b:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part V, Line 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part X, Line 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.13000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt06146953
IRS990ScheduleD/TotalExpensesPerForm990Amt088767
IRS990ScheduleD/TotalRevenuePerForm990Amt0888490
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01232636
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0117057
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt070304
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0General support
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Lake Highland Preparatory School Inc
IRS990ScheduleI/RecipientTable/RecipientEIN0590624431
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0901 North Highland Avenue
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Orlando
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0FL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd032803
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The Foundation made grants only to its supported organization, Lake Highland Preparatory School, Inc. Certain members of the Foundation's Board serve as Trustees of the School, and the School operates under common management. As such, no additional monitoring is deemed necessary.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt0150
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0207580
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt027458
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt020766
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0James Bartlett
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0255954
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/Form8283ReceivedCnt00
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd01
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt01
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0Fair market value
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt025118
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0The Foundation is reporting in Part I, Column (b), the number of contributions received.
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Column (b):
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Foundation's top management and top financial official each review the Form 990 prior to its filing with the IRS.

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$14,200,236
Liabilities
$6,256,994
Net assets
$7,943,242
Revenue
$888,490
Expenses
$88,767
Net income
$799,723
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.0$7.80$13.2$0.87$1.98$1.11
2023Summary only. Only limited summary data is available for this year.$18.6$6.81$11.8$1.24$0.21$1.03
2022Summary only. Only limited summary data is available for this year.$16.8$6.69$10.1$0.50$0.20$0.30
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.5$6.71$10.8$0.40$0.16$0.24
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.9$6.64$9.21$0.19$0.16$0.03
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.4$6.47$8.97$0.53$0.14$0.39
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.5$6.32$8.18$0.18$0.13$0.05
2017Detailed filing. Detailed filing data is available for this year.$14.2$6.26$7.94$0.89$0.09$0.80
2016Detailed filing. Detailed filing data is available for this year.$13.0$6.19$6.83$0.99$0.04$0.95
2015Summary only. Only limited summary data is available for this year.$11.8$6.14$5.69$0.63$0.71$0.08
2014Detailed filing. Detailed filing data is available for this year.$11.1$5.49$5.62$4.35$0.00$4.35
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.72$5.45$1.27$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.89$5.93$0.96$0.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.77$5.91$0.86$0.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.18$5.37$0.81$0.00