Civic Intelligence

Leadership Prep School

990 • Fiscal year 2019 • EIN 27-1616131

Jul 01, 2018 to Jun 30, 2019 • Filed on Apr 22, 2020

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

88th percentile

0.85x

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

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

86th percentile

1.74x

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

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

65th percentile

8.4%

Higher net margin than 65% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$138,457

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

36th percentile

0.5%

Faster asset growth than 36% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

77th percentile

18%

Faster revenue growth than 77% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets88th percentile

Assets

Up

$22,301,989

Up $108,023 (+0.5%) from 2018

Net Assets

Up

$3,406,102

Up $908,683 (+36%) from 2018

Liabilities

Down

$18,895,887

Down $800,660 (-4.1%) from 2018

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin65th percentile

Revenue

Up

$10,881,432

Up $1,660,996 (+18%) from 2018

Expenses

Up

$9,972,749

Up $984,798 (+11%) from 2018

Net Income

Up

$908,683

Up $676,198 (+291%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth36th 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

2019

Assets$22,301,989
Liabilities$18,895,887
Net Assets$3,406,102
Open 2019 Filing

Operations Trend

Revenue Growth77th 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

2019

Revenue$10,881,432
Expenses$9,972,749
Net Income$908,683
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Apr 22, 2020
Return Version
2018v3.1
Gross Receipts
$10,881,432
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$16,372,763$16,170,456▼ $202,307
Cash and Non-Interest-Bearing Accounts$2,147,850$4,387,695▲ $2,239,845
Accounts Receivable$1,552,281$1,631,228▲ $78,947
Prepaid Expenses and Deferred Charges$124,001$112,610▼ $11,391
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$22,193,966$22,301,989▲ $108,023
Other Assets Total$1,997,071$0▼ $1,997,071
Liabilities
Tax Exempt Bond Liabilities$18,312,274$17,777,233▼ $535,041
Accounts Payable and Accrued Expenses$944,273$893,654▼ $50,619
Mortgage Notes Payable Secured by Investment Property$440,000$225,000▼ $215,000
Total Liabilities$19,696,547$18,895,887▼ $800,660
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,114,611$3,159,073▲ $2,044,462
Unrestricted Net Assets$1,382,808$247,029▼ $1,135,779
Total Net Assets Fund Balance$2,497,419$3,406,102▲ $908,683
Total Liabilities and Net Assets / Fund Balance$22,193,966$22,301,989▲ $108,023

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$12,858,876$752,968$13,611,844
Land$2,444,593-$2,444,593
Equipment$866,987$376,383$1,243,370
Compensation and Service Providers
Top Officer Pay36th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stacy AltonSuperintendentFT$137,379$1,078$138,457

Board Members and Trustees

NameTitle
Sheila CraftPresident
David Stroud-from 1218Board Member
Jacob MakuvireBoard Member
Scott Armendariz-thru 1218Board Member
Mark Renfro-thru 1218Secretary
Scott Armendariz-from 1218Secretary
David Stroud-thru 1218Treasurer
Mark Renfro-from 1218Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Elevate Life ChurchJanitorial & Maint.8500 TEEL PARKWAY, Frisco, TX 75034$140,823
Revenue and Support

Revenue Composition

Contributions and Grants
$10,572,383
Program Service Revenue
$275,617
Investment Income
$32,946
Other Revenue
$486
All Other Contributions
$180,164
Change in Net Assets
$908,683

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,881,432
Total Revenue per Audited Statements
$10,881,432
Total Revenue per Form 990
$10,881,432
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,893,588
Other Expenses$4,079,161
Total Fundraising Expense$40,123
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,794,791$360,456$33,325$5,188,572
Interest$911,423$183,544-$1,094,967
Occupancy$858,032$163,365-$1,021,397
Depreciation Depletion$515,338$103,780-$619,118
Other Employee Benefits$308,677$37,818$2,424$348,919
Fees for Services Other$202,380$121,636$1,269$325,285
Travel$195,867$16,628-$212,495
Current Officers, Directors, Trustees, and Key Employees-$144,323-$144,323
Pension Plan Contributions$119,424$11,710$711$131,845
Payroll Taxes$72,310$7,152$467$79,929
Insurance$113$32,839-$32,952
Other Expenses$31,062$14,080$1,607$31,062
All Other Expenses$20,991$8,571-$29,562
Fees for Services Accounting-$11,200-$11,200
Fees for Services Legal-$10,096-$10,096
Total Functional Expenses$8,652,672$1,279,954$40,123$9,972,749

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$9,972,749
Total Expenses per Audited Statements$9,972,749
Total Expenses per Form 990$9,972,749
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
S Craft D StroudBoard MembersFacility LeaseNo$807,696

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
AArl Higher Ed Fin Corp2016-09-08$18,710,000BUILDING CONSTRUCTION

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$19,089,506$17,784,790$660,000$381,790

Bond Financing Compliance

Rebate not yet due
Yes
Form 8038-T filed
No
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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

“Sheila craft and david stroud-business relationship.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“The superintendent, business manager and contract cfo review the form 990 prior to filing.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

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

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

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

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“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
Signed
2020-04-22
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
151
Volunteers
100

Preparer

Firm
Sutton Frost Cary LLP
Address
600 Six Flags Dr Suite 600, Arlington, TX 76011
Preparer
Amy Michie
Phone
8176498083
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“The School is a nonprofit organization exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code (Code) except to the extent it has unrelated business income. The School had no unrelated business income for the year ended June 30, 2019. Accordingly, no provision has been made for federal income tax. GAAP requires the evaluation of tax positions taken in the course of preparing the Schools tax returns and recognition of a tax liability (or asset) if the School has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Management has analyzed the tax positions taken by the School, and has concluded that as of June 30, 2019, there are no uncertain tax positions taken or expected to be taken.”

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IRS990/Desc0LEADERSHIP PREP SCHOOL (LPS) IS AN OPEN ENROLLMENT CHARTER SCHOOL EDUCATING STUDENTS FROM KINDERGARTEN THROUGH TWELFTH GRADE. LPS HAS A SPECIAL FOCUS ON LEADERSHIP DEVELOPMENT WITH A HIGH LEVEL OF ACADEMIC INSTRUCTION.
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IRS990/InsuranceGrp/TotalAmt032952
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt0183544
IRS990/InterestGrp/ProgramServicesAmt0911423
IRS990/InterestGrp/TotalAmt01094967
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IRS990/InvestmentIncomeGrp/ExclusionAmt032946
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IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
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IRS990/IRPDocumentCnt030
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IRS990/LoanOutstandingInd0false
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IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE 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.
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IRS990/MoreThan5000KToOrgInd0false
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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0225000
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IRS990/NetAssetsOrFundBalancesEOYAmt03406102
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0486
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0486
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt0163365
IRS990/OccupancyGrp/ProgramServicesAmt0858032
IRS990/OccupancyGrp/TotalAmt01021397
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IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt01997071
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt02424
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt037818
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0308677
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0348919
IRS990/OtherExpensesGrp/Desc0SUPPLIES & MATERIALS
IRS990/OtherExpensesGrp/Desc1TEXTBOOKS AND TESTING
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3FOOD SERVICES
IRS990/OtherExpensesGrp/FundraisingAmt0320
IRS990/OtherExpensesGrp/FundraisingAmt11607
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt052756
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt114080
IRS990/OtherExpensesGrp/ProgramServicesAmt0345664
IRS990/OtherExpensesGrp/ProgramServicesAmt1207487
IRS990/OtherExpensesGrp/ProgramServicesAmt269113
IRS990/OtherExpensesGrp/ProgramServicesAmt331062
IRS990/OtherExpensesGrp/TotalAmt0398740
IRS990/OtherExpensesGrp/TotalAmt1207487
IRS990/OtherExpensesGrp/TotalAmt284800
IRS990/OtherExpensesGrp/TotalAmt331062
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IRS990/OtherSalariesAndWagesGrp/FundraisingAmt033325
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt04794791
IRS990/OtherSalariesAndWagesGrp/TotalAmt05188572
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0467
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07152
IRS990/PayrollTaxesGrp/ProgramServicesAmt072310
IRS990/PayrollTaxesGrp/TotalAmt079929
IRS990/PensionPlanContributionsGrp/FundraisingAmt0711
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt011710
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0119424
IRS990/PensionPlanContributionsGrp/TotalAmt0131845
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0124001
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0112610
IRS990/PrincipalOfficerNm0STACY ALTON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0ATHLETIC ACTIVITIES
IRS990/ProgramServiceRevenueGrp/Desc1OTHER LOCAL REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt045986
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1229631
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt045986
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1229631
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt09192644
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt039818
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt04332527
IRS990/PYOtherRevenueAmt0-12026
IRS990/PYRevenuesLessExpensesAmt0232485
IRS990/PYSalariesCompEmpBnftPaidAmt04655424
IRS990/PYTotalExpensesAmt08987951
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IRS990/QuidProQuoContributionsInd0false
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0908683
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0486
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0275617
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
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/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt012858876
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0752968
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt013611844
IRS990ScheduleD/EquipmentGrp/BookValueAmt0866987
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0376383
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01243370
IRS990ScheduleD/ExpensesSubtotalAmt09972749
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt02444593
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02444593
IRS990ScheduleD/RevenueSubtotalAmt010881432
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The School is a nonprofit organization exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code (Code) except to the extent it has unrelated business income. The School had no unrelated business income for the year ended June 30, 2019. Accordingly, no provision has been made for federal income tax. GAAP requires the evaluation of tax positions taken in the course of preparing the Schools tax returns and recognition of a tax liability (or asset) if the School has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Management has analyzed the tax positions taken by the School, and has concluded that as of June 30, 2019, there are no uncertain tax positions taken or expected to be taken.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt016170456
IRS990ScheduleD/TotalExpensesPerForm990Amt09972749
IRS990ScheduleD/TotalRevenuePerForm990Amt010881432
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt010881432
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt09972749
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
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 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc3Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental Agency
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt0In August 2016, the School completed a transaction in which the Arlington Higher Education Finance Corporation (Issuer) issued $18,710,000 Education Revenue Bonds Series 2016A and $640,000 Education Revenue Bonds Taxable Series 2016B and loaned the proceeds of the bonds to the School. The School used the bond proceeds for the construction and equipping of a new education facility at 8100 Teel Parkway in Frisco, Texas, pay debt issuance costs and pay off existing debt.
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0Part VI
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$22,301,989
Liabilities
$18,895,887
Net assets
$3,406,102
Revenue
$10,881,432
Expenses
$9,972,749
Net income
$908,683
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
2019Detailed filing. Detailed filing data is available for this year.$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