Civic Intelligence

Leadership Prep School

990 • Fiscal year 2018 • EIN 27-1616131

Jul 01, 2017 to Jun 30, 2018 • Filed on Feb 18, 2018

Organization ProfileWWW.LPSFRISCO.COM
8100 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

89th percentile

0.89x

Higher debt load relative to assets than 89% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

88th percentile

2.14x

Higher debt load relative to revenue than 88% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

48th percentile

2.5%

Higher net margin than 48% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

38th percentile

$144,167

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

12th percentile

-8.1%

Faster asset growth than 12% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

84th percentile

32%

Faster revenue growth than 84% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets89th percentile

Assets

Down

$22,193,966

Down $1,963,795 (-8.1%) from 2017

Net Assets

Up

$2,497,419

Up $232,485 (+10%) from 2017

Liabilities

Down

$19,696,547

Down $2,196,280 (-10%) from 2017

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin48th percentile

Revenue

Up

$9,220,436

Up $2,213,981 (+32%) from 2017

Expenses

Up

$8,987,951

Up $2,198,756 (+32%) from 2017

Net Income

Up

$232,485

Up $15,225 (+7.0%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth12th 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

2018

Assets$22,193,966
Liabilities$19,696,547
Net Assets$2,497,419
Open 2018 Filing

Operations Trend

Revenue Growth84th 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

2018

Revenue$9,220,436
Expenses$8,987,951
Net Income$232,485
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Feb 18, 2018
Return Version
2017v2.3
Gross Receipts
$9,263,899
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,509,821$16,372,763▲ $13,862,942
Cash and Non-Interest-Bearing Accounts$1,879,384$2,147,850▲ $268,466
Accounts Receivable$999,845$1,552,281▲ $552,436
Prepaid Expenses and Deferred Charges$109,351$124,001▲ $14,650
Total Assets$24,157,761$22,193,966▼ $1,963,795
Other Assets Total$18,659,360$1,997,071▼ $16,662,289
Liabilities
Other Liabilities$20,162,906$19,382,014▼ $780,892
Accounts Payable and Accrued Expenses$1,729,921$314,533▼ $1,415,388
Total Liabilities$21,892,827$19,696,547▼ $2,196,280
Net Assets / Fund Balance
Unrestricted Net Assets$962,873$1,382,808▲ $419,935
Temporarily Rstr Net Assets$1,302,061$1,114,611▼ $187,450
Total Net Assets Fund Balance$2,264,934$2,497,419▲ $232,485
Total Liabilities and Net Assets / Fund Balance$24,157,761$22,193,966▼ $1,963,795

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$13,505,049$368,678$13,873,727
Land$2,444,593-$2,444,593
Equipment$423,121$141,555$564,676
Other Assets Org$1,997,071--
Compensation and Service Providers
Top Officer Pay38th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Stacy AltonSuperintendeFT$144,167$144,167

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$9,192,644
Program Service Revenue
$0
Investment Income
$39,818
Other Revenue
$-12,026
All Other Contributions
$348,680
Change in Net Assets
$232,485

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,220,436
Total Revenue per Audited Statements
$9,220,436
Total Revenue per Form 990
$9,220,436
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,655,424
Other Expenses$4,332,527
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,511,257--$4,511,257
Occupancy-$1,863,330-$1,863,330
Fees for Services Other$989,314$15,943-$1,005,257
Interest-$881,157-$881,157
Fees for Services Management-$536,552-$536,552
Current Officers, Directors, Trustees, and Key Employees-$144,167-$144,167
Office Expenses-$46,231-$46,231
Total Functional Expenses$5,500,571$3,487,380$0$8,987,951

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,987,951
Total Expenses per Audited Statements$8,987,951
Total Expenses per Form 990$8,987,951
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$43,463
Fundraising Gross Income$31,437
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraising$31,437$31,437$43,463$-12,026
Total Events$31,437$31,437$43,463$-12,026
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Bonds Payable$18,412,274
Accrued Wages$569,302
Current Portion of Lt Debt$340,000
Accrued Expenses$60,438
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
8100 TEEL PARKWAY, FRISCO, TX 75034

Signing Officer

Name
Stacy Alton
Title
Superintendent
Phone
9722946921
Signed
2018-02-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stacy Alton
Formed
2010
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
111

Preparer

Firm
Evans & Knauth Pllc
Address
4433 PUNJAB WAY STE 102, FRISCO, TX 75033-6745
Preparer
Kirk Evans CPA
Phone
9723359754
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S 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.”

Form 990, Part IX, Line 11G

“Curriculum & staff dvlpmt 157,357 0 0 instructional leadership 96,818 0 0 school leadership 345,807 0 0 guidance, counseling & eval 138,150 0 0 health services 82,043 0 0 extra curricular activities 97,215 0 0 community services 0 15,943 0 food services 71,924 0 0 total 989,314 15,943 0”

Raw XML Appendix361 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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IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
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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
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt031437
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt031437
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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.
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 157,357 0 0 INSTRUCTIONAL LEADERSHIP 96,818 0 0 SCHOOL LEADERSHIP 345,807 0 0 GUIDANCE, COUNSELING & EVAL 138,150 0 0 HEALTH SERVICES 82,043 0 0 EXTRA CURRICULAR ACTIVITIES 97,215 0 0 COMMUNITY SERVICES 0 15,943 0 FOOD SERVICES 71,924 0 0 TOTAL 989,314 15,943 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
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IRS990/TotalEmployeeCnt0111
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03487380
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt05500571
IRS990/TotalFunctionalExpensesGrp/TotalAmt08987951
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt019696547
IRS990/TotalLiabilitiesGrp/BOYAmt021892827
IRS990/TotalLiabilitiesGrp/EOYAmt019696547
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt09220436
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt022193966
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0962873
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01382808
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.LPSFRISCO.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0STACY ALTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SUPERINTENDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09722946921
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-02-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LEADERSHIP PREP SCHOOL
ReturnHeader/Filer/BusinessNameControlTxt0LEAD
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ReturnHeader/Filer/PhoneNum09722946921
ReturnHeader/Filer/USAddress/AddressLine1Txt08100 TEEL PARKWAY
ReturnHeader/Filer/USAddress/CityNm0FRISCO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt075.87.55.118
ReturnHeader/FilingSecurityInformation/IPDt02019-03-06
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm013:12:46
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0823141950
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0EVANS & KNAUTH PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04433 PUNJAB WAY STE 102
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FRISCO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0750336745
ReturnHeader/PreparerPersonGrp/PhoneNum09723359754
ReturnHeader/PreparerPersonGrp/PreparationDt02019-02-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KIRK EVANS CPA
ReturnHeader/ReturnTs02019-03-06T13:12:46-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$22,193,966
Liabilities
$19,696,547
Net assets
$2,497,419
Revenue
$9,220,436
Expenses
$8,987,951
Net income
$232,485
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
2018Detailed filing. Detailed filing data is available for this year.$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