Civic Intelligence

Leadership Prep School

990 • Fiscal year 2014 • EIN 27-1616131

Sep 01, 2013 to Aug 31, 2014 • Filed on Nov 12, 2014

Organization ProfileWWW.LPSFRISCO.COM
8500 Teel Parkway75034

(972) 294-6921

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.13x

Higher debt load relative to assets than 53% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

31st percentile

0.04x

Higher debt load relative to revenue than 31% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

61st percentile

6.8%

Higher net margin than 61% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

88th percentile

33%

Faster asset growth than 88% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Up

$962,710

Up $237,924 (+33%) from 2013

Net Assets

Up

$838,173

Up $216,526 (+35%) from 2013

Liabilities

Up

$124,537

Up $21,398 (+21%) from 2013

Revenue And Expenses
Liabilities / Revenue31st percentileNet Margin61st percentile

Revenue

$3,164,225

No earlier filing loaded for comparison.

Expenses

Up

$2,947,699

Up $612,133 (+26%) from 2013

Net Income

$216,526

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth88th percentile

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

$30M$20M$10M$0Assets 2013: $724,786Liabilities 2013: $103,139Net Assets 2013: $621,6472013Assets 2014: $962,710Liabilities 2014: $124,537Net Assets 2014: $838,1732014Assets 2015: $4,059,949Liabilities 2015: $2,740,289Net Assets 2015: $1,319,6602015Assets 2017: $24,157,761Liabilities 2017: $21,892,827Net Assets 2017: $2,264,9342017Assets 2018: $22,193,966Liabilities 2018: $19,696,547Net Assets 2018: $2,497,4192018Assets 2019: $22,301,989Liabilities 2019: $18,895,887Net Assets 2019: $3,406,1022019Assets 2021: $25,367,126Liabilities 2021: $19,131,881Net Assets 2021: $6,235,2452021Assets 2022: $24,409,285Liabilities 2022: $17,638,214Net Assets 2022: $6,771,0712022

Highlighted filing

2014

Assets$962,710
Liabilities$124,537
Net Assets$838,173
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$15M$10M$5.0M$0Expenses 2013: $2,335,5662013Revenue 2014: $3,164,225Expenses 2014: $2,947,699Net Income 2014: $216,5262014Revenue 2015: $3,881,992Expenses 2015: $3,400,505Net Income 2015: $481,4872015Revenue 2017: $7,006,455Expenses 2017: $6,789,195Net Income 2017: $217,2602017Revenue 2018: $9,220,436Expenses 2018: $8,987,951Net Income 2018: $232,4852018Revenue 2019: $10,881,432Expenses 2019: $9,972,749Net Income 2019: $908,6832019Revenue 2021: $12,249,774Expenses 2021: $10,450,977Net Income 2021: $1,798,7972021Revenue 2022: $12,471,078Expenses 2022: $11,935,252Net Income 2022: $535,8262022

Highlighted filing

2014

Revenue$3,164,225
Expenses$2,947,699
Net Income$216,526
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2013 to Aug 31, 2014
Signed
Nov 12, 2014
Return Version
2013v3.1
Gross Receipts
$3,171,554
Mission and Program Overview

Mission

The mission of lps is to inspire students to learn, grow, and lead for a lifetime. The acronym p.l.a.c.e. Summarizes the five key areas that have been selected as the focus of lps' vision: parent partnership, leadership development, academics, creativity, and excellence.

The mission of leadership prep school is to equip a diverse student body with a comprehensive education, including a special focus on western civilization. Students will develop a commanding knowledge of the orgins of our liberty and the ability to sustain it through moral leadership. They aim to accomplish this goal through a high level of academic instruction and high behavioral expectations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$405,455$620,938▲ $215,483
Accounts Receivable$249,486$252,003▲ $2,517
Prepaid Expenses and Deferred Charges-$40,244-
Land, Buildings, and Equipment, Net$60,045$39,725▼ $20,320
Total Assets$724,786$962,710▲ $237,924
Other Assets Total$9,800$9,800→ $0
Liabilities
Other Liabilities$85,296$116,862▲ $31,566
Accounts Payable and Accrued Expenses$17,843$7,675▼ $10,168
Total Liabilities$103,139$124,537▲ $21,398
Net Assets / Fund Balance
Temporarily Rstr Net Assets$391,236$477,261▲ $86,025
Unrestricted Net Assets$230,411$360,912▲ $130,501
Total Net Assets Fund Balance$621,647$838,173▲ $216,526
Total Liabilities and Net Assets / Fund Balance$724,786$962,710▲ $237,924

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$39,725$34,962$74,687
Compensation and Service Providers
Top Officer Pay34th percentile

Board Members and Trustees

NameTitle
Sheila CraftPresident
Chris ParkerBoard Member
Jacob MakuvireBoard Member
Scott ArmendarizBoard Member
Mark RenfroSecretary
David StroudTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,162,795
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$1,430
All Other Contributions
$121,742
Change in Net Assets
$216,526

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,164,225
Total Revenue per Audited Statements
$3,164,225
Total Revenue per Form 990
$3,164,225
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,634,532
Other Expenses$1,313,167
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,634,532--$1,634,532
Occupancy-$778,773-$778,773
Fees for Services Other$303,128--$303,128
Fees for Services Management-$194,592-$194,592
Office Expenses-$36,674-$36,674
Total Functional Expenses$1,937,660$1,010,039$0$2,947,699

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,947,699
Total Expenses per Audited Statements$2,947,699
Total Expenses per Form 990$2,947,699
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$8,759
Fundraising Direct Expenses$7,329
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
Accrued Expenses$116,862
Line of Credit Payable-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
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, Page 6, Part VI, Line 6

“The organization has members.”

Form 990, Page 6, Part VI, Line 7A

“The president of the board may appoint members.”

Form 990, Page 6, Part VI, Line 7B

“Decisions are subject to a majority vote”

Form 990, Page 6, Part VI, Line 11B

“The board of directors will review the form 990 prior to the superintendent signing and having the tax return electronically filed.”

Form 990, Page 6, Part VI, Line 15A

“The organization uses comparability data to determine compensation for the organization's top management official.”

Form 990, Page 6, Part VI, Line 15B

“The organization uses comparability data to determine the compensation of key employees of the organization.”

Form 990, Page 6, Part VI, Line 19

“Governing documents, financial statements and the filed form 990 are available upon request. In addition, the financial statements are available on the website.”

Filing and Contact Details

Filer

EIN
27-1616131
Phone
9722946921

Signing Officer

Name
Stacy Alton
Title
Superintendent
Phone
9722946921
Signed
2014-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sheila Craft
Formed
2010
Legal Domicile
TX
Voting Board Members
6
Independent Board Members
6
Employees
44

Preparer

Preparer
Kirk Evans CPA
Phone
9723359754
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The mission of leadership prep school is to equip a diverse student body with a comprehensive education, including a special focus on western civilization. Students will develop a commanding knowledge of the orgins of our liberty and the ability to sustain it through moral leadership. They aim to accomplish this goal through a high level of academic instruction and high behavioral expectations.”

Form 990, Part IX, Line 11G

“Curriculum & staff dvlpmt 36,126 0 0 instructional leadership 65,407 0 0 school leadership 149,757 0 0 health services 25,130 0 0 extra curricular activities 7,883 0 0 guidance, counseling & eval 6,512 0 0 community services 11,996 0 0 books and misc expenditures 317 0 0”

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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE FOLLOWING IS PRINTED ON THE REGISTRATION MATERIALS: LEADERSHIP PREP SCHOOL DOES NOT DISCRIMINATE IN ADMISSIONS BASED ON GENDER; NATIONAL ORIGIN; ETHNICITY; RELIGION; DISABILITY; ACADEMIC, ARTISTIC OR ATHLETIC ABILITY; OR THE DISTRICT THE CHILD WOULD OTHERWISE ATTEND.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECEIVES GOVERNMENTAL SUPPORT THROUGH STATE AND FEDERAL PROGRAMS WHICH PROVIDE FOR REIMBURSEMENT OF EXPENDITURES BASED ON STUDENT ENROLLMENT.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MISSION OF LEADERSHIP PREP SCHOOL IS TO EQUIP A DIVERSE STUDENT BODY WITH A COMPREHENSIVE EDUCATION, INCLUDING A SPECIAL FOCUS ON WESTERN CIVILIZATION. STUDENTS WILL DEVELOP A COMMANDING KNOWLEDGE OF THE ORGINS OF OUR LIBERTY AND THE ABILITY TO SUSTAIN IT THROUGH MORAL LEADERSHIP. THEY AIM TO ACCOMPLISH THIS GOAL THROUGH A HIGH LEVEL OF ACADEMIC INSTRUCTION AND HIGH BEHAVIORAL EXPECTATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PRESIDENT OF THE BOARD MAY APPOINT MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DECISIONS ARE SUBJECT TO A MAJORITY VOTE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS WILL REVIEW THE FORM 990 PRIOR TO THE SUPERINTENDENT SIGNING AND HAVING THE TAX RETURN ELECTRONICALLY FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION USES COMPARABILITY DATA TO DETERMINE COMPENSATION FOR THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION USES COMPARABILITY DATA TO DETERMINE THE COMPENSATION OF KEY EMPLOYEES OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND THE FILED FORM 990 ARE AVAILABLE UPON REQUEST. IN ADDITION, THE FINANCIAL STATEMENTS ARE AVAILABLE ON THE WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8CURRICULUM & STAFF DVLPMT 36,126 0 0 INSTRUCTIONAL LEADERSHIP 65,407 0 0 SCHOOL LEADERSHIP 149,757 0 0 HEALTH SERVICES 25,130 0 0 EXTRA CURRICULAR ACTIVITIES 7,883 0 0 GUIDANCE, COUNSELING & EVAL 6,512 0 0 COMMUNITY SERVICES 11,996 0 0 BOOKS AND MISC EXPENDITURES 317 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART IX, LINE 11G
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0391236
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0477261
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IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/BOYAmt0724786
IRS990/TotalAssetsGrp/EOYAmt0962710
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01010039
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01937660
IRS990/TotalFunctionalExpensesGrp/TotalAmt02947699
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0103139
IRS990/TotalLiabilitiesEOYAmt0124537
IRS990/TotalLiabilitiesGrp/BOYAmt0103139
IRS990/TotalLiabilitiesGrp/EOYAmt0124537
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0621647
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0838173
IRS990/TotalProgramServiceExpensesAmt01937660
IRS990/TotalRevenueGrp/ExclusionAmt01430
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03164225
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0724786
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0962710
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IRS990/UnrestrictedNetAssetsGrp/BOYAmt0230411
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0360912
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine108500 TEEL PARKWAY
IRS990/USAddress/City0FRISCO
IRS990/USAddress/State0TX
IRS990/USAddress/ZIPCode075034
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.LPSFRISCO.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0STACY ALTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SUPERINTENDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09722946921
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine10LEADERSHIP PREP SCHOOL
ReturnHeader/Filer/BusinessNameControlTxt0LEAD
ReturnHeader/Filer/EIN0271616131
ReturnHeader/Filer/PhoneNum09722946921
ReturnHeader/Filer/USAddress/AddressLine108500 TEEL PARKWAY
ReturnHeader/Filer/USAddress/City0FRISCO
ReturnHeader/Filer/USAddress/State0TX
ReturnHeader/Filer/USAddress/ZIPCode075034
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0453463504
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10EVANS PINGLETON AND HOWARD PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine108950 GARY BURNS DR STE D
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0FRISCO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode0750342593
ReturnHeader/PreparerPersonGrp/PhoneNum09723359754
ReturnHeader/PreparerPersonGrp/PreparationDt02014-11-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KIRK EVANS CPA
ReturnHeader/ReturnTs02014-12-01T10:55:23-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-09-01
ReturnHeader/TaxPeriodEndDt02014-08-31
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$962,710
Liabilities
$124,537
Net assets
$838,173
Revenue
$3,164,225
Expenses
$2,947,699
Net income
$216,526
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.4$17.6$6.77$12.5$11.9$0.54
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.4$19.1$6.24$12.2$10.5$1.80
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.3$18.9$3.41$10.9$9.97$0.91
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.2$19.7$2.50$9.22$8.99$0.23
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.2$21.9$2.26$7.01$6.79$0.22
2015Detailed filing. Detailed filing data is available for this year.$4.06$2.74$1.32$3.88$3.40$0.48
2014Detailed filing. Detailed filing data is available for this year.$0.96$0.12$0.84$3.16$2.95$0.22
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.72$0.10$0.62$2.34