Civic Intelligence

Leadership Prep School

990 • Fiscal year 2020 • EIN 27-1616131

Jul 01, 2019 to Jun 30, 2020 • Filed on Apr 12, 2021

Organization ProfileWWW.LPSFRISCO.COM
8100 Teel ParkwayFrisco, TX 75034

(972) 370-3650

Siviq Scores

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

Liabilities / Assets

86th percentile

0.81x

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

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

85th percentile

1.66x

Higher debt load relative to revenue than 85% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

61st percentile

9.0%

Higher net margin than 61% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

39th percentile

$144,283

Higher top officer pay than 39% of similar nonprofits.

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

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

45th percentile

5.2%

Faster asset growth than 45% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

57th percentile

5.3%

Faster revenue growth than 57% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$23,451,377

Up $1,149,388 (+5.2%) from 2019

Net Assets

Up

$4,436,448

Up $1,030,346 (+30%) from 2019

Liabilities

Up

$19,014,929

Up $119,042 (+0.6%) from 2019

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin61st percentile

Revenue

Up

$11,458,034

Up $576,602 (+5.3%) from 2019

Expenses

Up

$10,427,688

Up $454,939 (+4.6%) from 2019

Net Income

Up

$1,030,346

Up $121,663 (+13%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth45th 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 2020: $23,451,377Liabilities 2020: $19,014,929Net Assets 2020: $4,436,4482020Assets 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

2020

Assets$23,451,377
Liabilities$19,014,929
Net Assets$4,436,448
Open 2020 Filing

Operations Trend

Revenue Growth57th 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 2020: $11,458,034Expenses 2020: $10,427,688Net Income 2020: $1,030,3462020Revenue 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

2020

Revenue$11,458,034
Expenses$10,427,688
Net Income$1,030,346
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Apr 12, 2021
Return Version
2019v5.0
Gross Receipts
$11,458,034
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$16,170,456$15,796,840▼ $373,616
Cash and Non-Interest-Bearing Accounts$4,171,243$5,587,708▲ $1,416,465
Accounts Receivable$1,631,228$1,613,751▼ $17,477
Prepaid Expenses and Deferred Charges$112,610$236,551▲ $123,941
Savings and Temporary Cash Investments$216,452$216,527▲ $75
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$22,301,989$23,451,377▲ $1,149,388
Other Assets Total-$0-
Liabilities
Tax Exempt Bond Liabilities$17,777,233$17,902,193▲ $124,960
Accounts Payable and Accrued Expenses$893,654$919,725▲ $26,071
Mortgage Notes Payable Secured by Investment Property$225,000--
Deferred Revenue-$147,363-
Other Liabilities-$45,648-
Total Liabilities$18,895,887$19,014,929▲ $119,042
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,159,073$4,095,184▲ $936,111
Net Assets Without Donor Restrictions$247,029$341,264▲ $94,235
Total Net Assets Fund Balance$3,406,102$4,436,448▲ $1,030,346
Total Liabilities and Net Assets / Fund Balance$22,301,989$23,451,377▲ $1,149,388

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$12,583,113$1,156,514$13,739,627
Land$2,444,593-$2,444,593
Equipment$769,134$538,166$1,307,300
Compensation and Service Providers
Top Officer Pay39th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stacy AltonSuperintendentFT$144,258$25$144,283

Board Members and Trustees

NameTitle
Sheila CraftPresident
David StroudBoard Member
Jacob MakuvireBoard Member
Scott ArmendarizSecretary
Mark RenfroTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Elevate Life ChurchJanitorial & Maint.8500 TEEL PARKWAY, Frisco, TX 75034$166,778
Revenue and Support

Revenue Composition

Contributions and Grants
$11,055,624
Program Service Revenue
$382,721
Investment Income
$19,489
Other Revenue
$200
All Other Contributions
$11,224
Change in Net Assets
$1,030,346

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,458,034
Total Revenue per Audited Statements
$11,458,034
Total Revenue per Form 990
$11,458,034
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,463,748
Other Expenses$3,963,940
Total Fundraising Expense$179
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,259,926$377,600-$5,637,526
Occupancy$931,024$147,911-$1,078,935
Interest$929,623$91,941-$1,021,564
Depreciation Depletion$514,448$50,880-$565,328
Other Employee Benefits$335,830$37,694-$373,524
Fees for Services Other$251,004$75,211-$326,215
Pension Plan Contributions$199,529$19,605$39$219,173
Travel$152,925$14,506-$167,431
Current Officers, Directors, Trustees, and Key Employees-$149,625-$149,625
Payroll Taxes$76,408$7,492-$83,900
Insurance$637$34,875-$35,512
Fees for Services Legal-$23,529-$23,529
Other Expenses$21,898$19,411$140$21,898
Fees for Services Accounting-$20,800-$20,800
Total Functional Expenses$9,285,681$1,141,828$179$10,427,688

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$10,427,688
Total Expenses per Audited Statements$10,427,688
Total Expenses per Form 990$10,427,688
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$807,694

Loans and Receivables

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

Other Reported Liabilities

LiabilityAmount
Capital Lease Obligation$45,648

Bond Issues

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

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$19,089,506$16,446,243$785,000$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 35% controlled entity
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. Approval of the ceo's compensation is documented in closed session minutes and then made available to the public via at-will-agreement posted to the website.”

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
9723703650
Address
8100 TEEL PARKWAY, FRISCO, TX 75034

Signing Officer

Name
Stacy Alton
Title
Superintendent
Signed
2021-04-12
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
173
Volunteers
100

Preparer

Firm
Sutton Frost Cary LLP
Address
600 Six Flags Dr Suite 600, Arlington, TX 76011
Preparer
Carroll Elizabeth Arnott
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, 2020. 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, 2020, there are no uncertain tax positions taken or expected to be taken.”

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IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0200
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IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt0147911
IRS990/OccupancyGrp/ProgramServicesAmt0931024
IRS990/OccupancyGrp/TotalAmt01078935
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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0335830
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0373524
IRS990/OtherExpensesGrp/Desc0SUPPLIES & MATERIALS
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2FOOD
IRS990/OtherExpensesGrp/FundraisingAmt0140
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt070748
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt119411
IRS990/OtherExpensesGrp/ProgramServicesAmt0521123
IRS990/OtherExpensesGrp/ProgramServicesAmt191306
IRS990/OtherExpensesGrp/ProgramServicesAmt221898
IRS990/OtherExpensesGrp/TotalAmt0591871
IRS990/OtherExpensesGrp/TotalAmt1110857
IRS990/OtherExpensesGrp/TotalAmt221898
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IRS990/OtherSalariesAndWagesGrp/TotalAmt05637526
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07492
IRS990/PayrollTaxesGrp/ProgramServicesAmt076408
IRS990/PayrollTaxesGrp/TotalAmt083900
IRS990/PensionPlanContributionsGrp/FundraisingAmt039
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt019605
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0199529
IRS990/PensionPlanContributionsGrp/TotalAmt0219173
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0112610
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0236551
IRS990/PrincipalOfficerNm0STACY ALTON
IRS990/ProfessionalFundraisingInd0false
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IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0ATHLETIC ACTIVITIES
IRS990/ProgramServiceRevenueGrp/Desc1OTHER LOCAL REVENUE
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1308889
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1308889
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IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt032946
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IRS990/PYOtherExpensesAmt04079161
IRS990/PYOtherRevenueAmt0486
IRS990/PYProgramServiceRevenueAmt0275617
IRS990/PYRevenuesLessExpensesAmt0908683
IRS990/PYSalariesCompEmpBnftPaidAmt05893588
IRS990/PYTotalExpensesAmt09972749
IRS990/PYTotalRevenueAmt010881432
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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt01030346
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0200
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0382721
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0216452
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0216527
IRS990ScheduleA/SchoolInd0X
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
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IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt012583113
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01156514
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt013739627
IRS990ScheduleD/EquipmentGrp/BookValueAmt0769134
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0538166
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01307300
IRS990ScheduleD/ExpensesSubtotalAmt010427688
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt02444593
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02444593
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt045648
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL LEASE OBLIGATION
IRS990ScheduleD/RevenueSubtotalAmt011458034
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, 2020. 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, 2020, there are no uncertain tax positions taken or expected to be taken.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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IRS990ScheduleD/TotalExpensesPerForm990Amt010427688
IRS990ScheduleD/TotalLiabilityAmt045648
IRS990ScheduleD/TotalRevenuePerForm990Amt011458034
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt011458034
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt010427688
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
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IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd0true
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02016-09-08
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0812908382
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum0041806KS8
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt018710000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0ARL HIGHER ED FIN CORP
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0BUILDING CONSTRUCTION
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IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd0true
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd0false
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IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalizedInterestAmt0913647
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt01347826
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt0381790
IRS990ScheduleK/TaxExemptBondsProceedsGrp/OtherSpentProceedsAmt016446243
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RetiredAmt0785000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/SubstantialCompletionYr02017
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt019089506
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0S CRAFT D STROUD

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$23,451,377
Liabilities
$19,014,929
Net assets
$4,436,448
Revenue
$11,458,034
Expenses
$10,427,688
Net income
$1,030,346
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
2020Detailed filing. Detailed filing data is available for this year.$23.5$19.0$4.44$11.5$10.4$1.03
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