Civic Intelligence

Leadership Prep School

990 • Fiscal year 2015 • EIN 27-1616131

Sep 01, 2014 to Aug 31, 2015 • Filed on Dec 21, 2015

Organization ProfileWWW.LPSFRISCO.COM
8500 Teel ParkwayFrisco, TX 75034

(972) 294-6921

Siviq Scores

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

Liabilities / Assets

84th percentile

0.67x

Higher debt load relative to assets than 84% of similar nonprofits.

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

Liabilities / Revenue

81st percentile

0.71x

Higher debt load relative to revenue than 81% of similar nonprofits.

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

Net Margin

71st percentile

12%

Higher net margin than 71% of similar nonprofits.

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

Top Officer Pay

62nd percentile

$86,000

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

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

Asset Growth

98th percentile

322%

Faster asset growth than 98% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

78th percentile

23%

Faster revenue growth than 78% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$4,059,949

Up $3,097,239 (+322%) from 2014

Net Assets

Up

$1,319,660

Up $481,487 (+57%) from 2014

Liabilities

Up

$2,740,289

Up $2,615,752 (+2100%) from 2014

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin71st percentile

Revenue

Up

$3,881,992

Up $717,767 (+23%) from 2014

Expenses

Up

$3,400,505

Up $452,806 (+15%) from 2014

Net Income

Up

$481,487

Up $264,961 (+122%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth98th 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

2015

Assets$4,059,949
Liabilities$2,740,289
Net Assets$1,319,660
Open 2015 Filing

Operations Trend

Revenue Growth78th percentile

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

2015

Revenue$3,881,992
Expenses$3,400,505
Net Income$481,487
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2014 to Aug 31, 2015
Signed
Dec 21, 2015
Return Version
2014v6.0
Gross Receipts
$3,886,115
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
Land, Buildings, and Equipment, Net$39,725$2,469,404▲ $2,429,679
Cash and Non-Interest-Bearing Accounts$620,938$1,033,430▲ $412,492
Prepaid Expenses and Deferred Charges$40,244$246,613▲ $206,369
Accounts Receivable$252,003$238,354▼ $13,649
Intangible Assets-$50,000-
Total Assets$962,710$4,059,949▲ $3,097,239
Other Assets Total$9,800$22,148▲ $12,348
Liabilities
Other Liabilities$116,862$2,728,152▲ $2,611,290
Accounts Payable and Accrued Expenses$7,675$12,137▲ $4,462
Total Liabilities$124,537$2,740,289▲ $2,615,752
Net Assets / Fund Balance
Temporarily Rstr Net Assets$477,261$880,166▲ $402,905
Unrestricted Net Assets$360,912$439,494▲ $78,582
Total Net Assets Fund Balance$838,173$1,319,660▲ $481,487
Total Liabilities and Net Assets / Fund Balance$962,710$4,059,949▲ $3,097,239

Asset Categories

AssetBook ValueDepreciationBasis
Land$2,444,593-$2,444,593
Equipment$24,811$55,624$80,435
Compensation and Service Providers
Top Officer Pay62nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Stacy AltonSuperintendeFT$86,000$86,000

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
$3,876,256
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$5,736
All Other Contributions
$68,723
Change in Net Assets
$481,487

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,881,992
Total Revenue per Audited Statements
$3,881,992
Total Revenue per Form 990
$3,881,992
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,903,012
Other Expenses$1,497,493
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,817,012--$1,817,012
Occupancy-$814,949-$814,949
Fees for Services Other$405,673--$405,673
Fees for Services Management-$246,573-$246,573
Current Officers, Directors, Trustees, and Key Employees-$86,000-$86,000
Office Expenses-$19,048-$19,048
Interest-$11,250-$11,250
Total Functional Expenses$2,222,685$1,177,820$0$3,400,505

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,400,505
Total Expenses per Audited Statements$3,400,505
Total Expenses per Form 990$3,400,505
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$9,859
Fundraising Direct Expenses$4,123
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
Line of Credit Payable$2,500,000
Accrued Expenses$228,152
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

Filer Name
Leadership Prep School
EIN
27-1616131
Phone
9722946921
Address
8500 TEEL PARKWAY, FRISCO, TX 75034

Signing Officer

Name
Stacy Alton
Title
Superintendent
Phone
9722946921
Signed
2015-12-21
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

Firm
Evans Pingleton and Howard Pllc
Address
8950 GARY BURNS DR STE D, FRISCO, TX 75034
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 19,426 0 0 instructional leadership 86,980 0 0 school leadership 216,066 0 0 health services 25,366 0 0 extra curricular activities 21,075 0 0 guidance, counseling & eval 25,481 0 0 community services 9,144 0 0 books and misc expenditures 2,135 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.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
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 19,426 0 0 INSTRUCTIONAL LEADERSHIP 86,980 0 0 SCHOOL LEADERSHIP 216,066 0 0 HEALTH SERVICES 25,366 0 0 EXTRA CURRICULAR ACTIVITIES 21,075 0 0 GUIDANCE, COUNSELING & EVAL 25,481 0 0 COMMUNITY SERVICES 9,144 0 0 BOOKS AND MISC EXPENDITURES 2,135 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/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0477261
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0880166
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalContributionsAmt03876256
IRS990/TotalEmployeeCnt044
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01177820
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02222685
IRS990/TotalFunctionalExpensesGrp/TotalAmt03400505
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0124537
IRS990/TotalLiabilitiesEOYAmt02740289
IRS990/TotalLiabilitiesGrp/BOYAmt0124537
IRS990/TotalLiabilitiesGrp/EOYAmt02740289
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0838173
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01319660
IRS990/TotalProgramServiceExpensesAmt02222685
IRS990/TotalReportableCompFromOrgAmt086000
IRS990/TotalRevenueGrp/ExclusionAmt05736
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03881992
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0962710
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04059949
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0360912
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0439494
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt08500 TEEL PARKWAY
IRS990/USAddress/CityNm0FRISCO
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd075034
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.LPSFRISCO.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0STACY ALTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SUPERINTENDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09722946921
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-12-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LEADERSHIP PREP SCHOOL
ReturnHeader/Filer/BusinessNameControlTxt0LEAD
ReturnHeader/Filer/EIN0271616131
ReturnHeader/Filer/PhoneNum09722946921
ReturnHeader/Filer/USAddress/AddressLine1Txt08500 TEEL PARKWAY
ReturnHeader/Filer/USAddress/CityNm0FRISCO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075034
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0453463504
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0EVANS PINGLETON AND HOWARD PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt08950 GARY BURNS DR STE D
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FRISCO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd075034
ReturnHeader/PreparerPersonGrp/PhoneNum09723359754
ReturnHeader/PreparerPersonGrp/PreparationDt02016-01-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KIRK EVANS CPA
ReturnHeader/ReturnTs02016-01-11T11:33:40-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-09-01
ReturnHeader/TaxPeriodEndDt02015-08-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$4,059,949
Liabilities
$2,740,289
Net assets
$1,319,660
Revenue
$3,881,992
Expenses
$3,400,505
Net income
$481,487
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