Civic Intelligence

Lexington Prep School Inc

990 • Fiscal year 2015 • EIN 26-0504362

Jan 01, 2015 to Dec 31, 2015 • Filed on May 10, 2016

Organization ProfileWWW.LEXINGTONPREP.COM
C/O Son Hui Kim 265 Lowell StreetLexington, MA 02420-2701

(781) 860-7550

Siviq Scores

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

Liabilities / Assets

99th percentile

3.85x

Higher debt load relative to assets than 99% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

86th percentile

1.25x

Higher debt load relative to revenue than 86% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

68th percentile

10%

Higher net margin than 68% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

45th percentile

$52,000

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 3.6% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

69th percentile

7.6%

Faster asset growth than 69% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2015

Revenue Growth

66th percentile

11%

Faster revenue growth than 66% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2015

Balance Sheet
Liabilities / Assets99th percentile

Assets

Up

$471,209

Up $64,419 (+16%) from 2013

Net Assets

Up

-$1,340,945

Up $332,576 (+20%) from 2013

Liabilities

Down

$1,812,154

Down $268,157 (-13%) from 2013

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin68th percentile

Revenue

Up

$1,445,690

Up $278,510 (+24%) from 2013

Expenses

Up

$1,295,711

Up $97,335 (+8.1%) from 2013

Net Income

Up

$149,979

Up $181,175 (+581%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth69th percentile

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

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MAssets 2011: $291,005Liabilities 2011: $1,770,620Net Assets 2011: -$1,479,6152011Assets 2012: $339,032Liabilities 2012: $1,981,357Net Assets 2012: -$1,642,3252012Assets 2013: $406,790Liabilities 2013: $2,080,311Net Assets 2013: -$1,673,5212013Assets 2015: $471,209Liabilities 2015: $1,812,154Net Assets 2015: -$1,340,9452015Assets 2016: $712,611Liabilities 2016: $1,587,073Net Assets 2016: -$874,4622016Assets 2017: $20,950Liabilities 2017: $695,487Net Assets 2017: -$674,5372017

Highlighted filing

2015

Assets$471,209
Liabilities$1,812,154
Net Assets-$1,340,945
Open 2015 Filing

Operations Trend

Revenue Growth66th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2011: $1,096,3492011Expenses 2012: $1,504,4102012Revenue 2013: $1,167,180Expenses 2013: $1,198,376Net Income 2013: -$31,1962013Revenue 2015: $1,445,690Expenses 2015: $1,295,711Net Income 2015: $149,9792015Revenue 2016: $1,749,918Expenses 2016: $1,283,435Net Income 2016: $466,4832016Revenue 2017: $562,318Expenses 2017: $363,163Net Income 2017: $199,1552017

Highlighted filing

2015

Revenue$1,445,690
Expenses$1,295,711
Net Income$149,979
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 10, 2016
Return Version
2015v2.1
Gross Receipts
$1,445,690
Mission and Program Overview

Mission

The schools mission is to provide students with academic english languauge skills, studying, research and testing strategies and background knowledge of american culture that will help them suceed in eltie us schools and colleges.

The oranization operates a private secondary boarding school. The goal is to help the students to cooperate and work with citizens of many cultures and to make this a better world for tomorrow.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$369,113$289,469▼ $79,644
Land, Buildings, and Equipment, Net$104,494$92,209▼ $12,285
Intangible Assets$44,803$39,531▼ $5,272
Rtn Earn Endowment Incm Other Fnds$-1,490,924$-1,340,945▲ $149,979
Total Assets$568,410$471,209▼ $97,201
Other Assets Total$50,000$50,000→ $0
Liabilities
Other Liabilities$1,759,334$1,812,154▲ $52,820
Mortgage Notes Payable Secured by Investment Property$300,000--
Total Liabilities$2,059,334$1,812,154▼ $247,180
Net Assets / Fund Balance
Total Net Assets Fund Balance$-1,490,924$-1,340,945▲ $149,979
Total Liabilities and Net Assets / Fund Balance$568,410$471,209▼ $97,201

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$57,577$106,667$164,244
Equipment$28,608$88,684$117,292
Other Land Buildings$6,024$91,118$97,142
Other Assets Org$50,000--
Compensation and Service Providers
Top Officer Pay45th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Son Hui KimPresidentFT$52,000$52,000
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,445,690
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$149,979
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$996,370
Salaries, Compensation, and Employee Benefits$299,341
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$581,045$64,560-$645,605
Other Salaries and Wages$170,077$28,629-$198,706
Advertising$76,728--$76,728
Current Officers, Directors, Trustees, and Key Employees$26,000$26,000-$52,000
Insurance$33,722$3,740-$37,462
Depreciation Depletion$20,213$7,517-$27,730
Payroll Taxes$20,976$5,463-$26,439
Other Employee Benefits$22,196--$22,196
Interest-$16,162-$16,162
Travel$8,917--$8,917
Fees for Services Accounting-$4,762-$4,762
Office Expenses$1,463$1,463-$2,926
Fees for Services Other$2,561--$2,561
Other Expenses$96,768$1,315-$1,315
Total Functional Expenses$1,136,100$159,611$0$1,295,711
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Employee Advances$1,779,975
Federal income taxes$19,493
Student Accounts$10,266
Loans$1,530
Credit Cards$890
Payroll Withholding-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

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

“The president reviews and signs form 990”

Form 990, Part VI, Section C, Line 19

“The school does not make available the governing documents, conflict of interest nor financial statements”

Form 990, Part VI, Section A, Line 6, 7S AND 7B

“The school is organized as a corporation. It has officers and a board of directors”

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

“Ths is a small school. The director knows the people involved with the school and any confilcts of interest would be identified.”

Filing and Contact Details

Filer

Filer Name
Lexington Prep School Inc
EIN
26-0504362
Phone
7818607550
Address
C/O SON HUI KIM 265 LOWELL STREET, LEXINGTON, MA 02420-2701

Signing Officer

Name
Son Hui Kim
Title
President
Signed
2016-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Son Hui Kim
Formed
2007
Legal Domicile
Ma
Voting Board Members
1
Independent Board Members
0
Employees
32

Preparer

Firm
David P Merkel CPA
Address
21 CUMMINGS PARK SUITE 240, WOBURN, MA 01801
Preparer
David P Merkel
Phone
7819325361
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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PRESIDENT REVIEWS AND SIGNS FORM 990
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL DOES NOT MAKE AVAILABLE THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST NOR FINANCIAL STATEMENTS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE SCHOOL IS ORGANIZED AS A CORPORATION. IT HAS OFFICERS AND A BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THS IS A SMALL SCHOOL. THE DIRECTOR KNOWS THE PEOPLE INVOLVED WITH THE SCHOOL AND ANY CONFILCTS OF INTEREST WOULD BE IDENTIFIED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 6, 7s AND 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 12c
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0159611
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01136100
IRS990/TotalFunctionalExpensesGrp/TotalAmt01295711
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02059334
IRS990/TotalLiabilitiesEOYAmt01812154
IRS990/TotalLiabilitiesGrp/BOYAmt02059334
IRS990/TotalLiabilitiesGrp/EOYAmt01812154
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1490924
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1340945
IRS990/TotalProgramServiceExpensesAmt01136100
IRS990/TotalProgramServiceRevenueAmt01445690
IRS990/TotalReportableCompFromOrgAmt052000
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01445690
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0568410
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0471209
IRS990/TravelGrp/ProgramServicesAmt08917
IRS990/TravelGrp/TotalAmt08917
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0265 LOWELL ST
IRS990/USAddress/CityNm0LEXINGTON
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002420
IRS990/VotingMembersGoverningBodyCnt01
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0WWW.LEXINGTONPREP.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SON HUI KIM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LEXINGTON PREP SCHOOL INC
ReturnHeader/Filer/BusinessNameControlTxt0LEXI
ReturnHeader/Filer/EIN0260504362
ReturnHeader/Filer/PhoneNum07818607550
ReturnHeader/Filer/USAddress/AddressLine1Txt0C/O SON HUI KIM 265 LOWELL STREET
ReturnHeader/Filer/USAddress/CityNm0LEXINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd0024202701
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DAVID P MERKEL CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt021 CUMMINGS PARK SUITE 240
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WOBURN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd001801
ReturnHeader/PreparerPersonGrp/PhoneNum07819325361
ReturnHeader/PreparerPersonGrp/PreparationDt02016-05-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID P MERKEL
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02016-05-11T07:10:05-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$471,209
Liabilities
$1,812,154
Net assets
-$1,340,945
Revenue
$1,445,690
Expenses
$1,295,711
Net income
$149,979
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2017Detailed filing. Detailed filing data is available for this year.$0.02$0.70$0.67$0.56$0.36$0.20
2016Detailed filing. Detailed filing data is available for this year.$0.71$1.59$0.87$1.75$1.28$0.47
2015Detailed filing. Detailed filing data is available for this year.$0.47$1.81$1.34$1.45$1.30$0.15
2013Detailed filing. Detailed filing data is available for this year.$0.41$2.08$1.67$1.17$1.20$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.34$1.98$1.64$1.50
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.29$1.77$1.48$1.10