Civic Intelligence

Leadership Prep School

990 • Fiscal year 2021 • EIN 27-1616131

Jul 01, 2020 to Jun 30, 2021 • Filed on Feb 17, 2022

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

0.75x

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

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Liabilities / Revenue

85th percentile

1.56x

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

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Net Margin

55th percentile

15%

Higher net margin than 55% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Top Officer Pay

29th percentile

$172,633

Higher top officer pay than 29% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Asset Growth

44th percentile

8.2%

Faster asset growth than 44% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Revenue Growth

41st percentile

6.9%

Faster revenue growth than 41% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$25,367,126

Up $3,065,137 (+14%) from 2019

Net Assets

Up

$6,235,245

Up $2,829,143 (+83%) from 2019

Liabilities

Up

$19,131,881

Up $235,994 (+1.2%) from 2019

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin55th percentile

Revenue

Up

$12,249,774

Up $1,368,342 (+13%) from 2019

Expenses

Up

$10,450,977

Up $478,228 (+4.8%) from 2019

Net Income

Up

$1,798,797

Up $890,114 (+98%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth44th 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

2021

Assets$25,367,126
Liabilities$19,131,881
Net Assets$6,235,245
Open 2021 Filing

Operations Trend

Revenue Growth41st 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

2021

Revenue$12,249,774
Expenses$10,450,977
Net Income$1,798,797
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Feb 17, 2022
Return Version
2020v4.0
Gross Receipts
$12,249,774
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$15,796,840$15,296,122▼ $500,718
Cash and Non-Interest-Bearing Accounts$5,587,708$7,898,349▲ $2,310,641
Accounts Receivable$1,613,751$1,752,555▲ $138,804
Savings and Temporary Cash Investments$216,527$216,530▲ $3
Prepaid Expenses and Deferred Charges$236,551$203,570▼ $32,981
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$23,451,377$25,367,126▲ $1,915,749
Other Assets Total-$0-
Liabilities
Tax Exempt Bond Liabilities$17,902,193$17,548,083▼ $354,110
Accounts Payable and Accrued Expenses$919,725$1,043,070▲ $123,345
Other Liabilities$45,648$411,128▲ $365,480
Deferred Revenue$147,363$129,600▼ $17,763
Total Liabilities$19,014,929$19,131,881▲ $116,952
Net Assets / Fund Balance
Net Assets With Donor Restrictions$4,095,184$5,919,962▲ $1,824,778
Net Assets Without Donor Restrictions$341,264$315,283▼ $25,981
Total Net Assets Fund Balance$4,436,448$6,235,245▲ $1,798,797
Total Liabilities and Net Assets / Fund Balance$23,451,377$25,367,126▲ $1,915,749

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$12,178,211$1,566,520$13,744,731
Land$2,444,593-$2,444,593
Equipment$673,318$888,802$1,562,120
Compensation and Service Providers
Top Officer Pay29th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stacy AltonSuperintendentFT$152,633$20,000$172,633

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$114,933
Revenue and Support

Revenue Composition

Contributions and Grants
$12,124,739
Program Service Revenue
$124,881
Investment Income
$154
Other Revenue
$0
All Other Contributions
$13,586
Change in Net Assets
$1,798,797

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,249,774
Total Revenue per Audited Statements
$12,249,774
Total Revenue per Form 990
$12,249,774
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,574,136
Other Expenses$3,876,841
Total Fundraising Expense$160
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,450,434$276,883-$5,727,317
Fees for Services Other$1,286,610$70,997$160$1,357,767
Interest$877,551--$877,551
Depreciation Depletion$781,532--$781,532
Other Employee Benefits$338,476$21,067-$359,543
Pension Plan Contributions$215,062$17,067-$232,129
Current Officers, Directors, Trustees, and Key Employees-$167,967-$167,967
Information Technology$159,606$2,935-$162,541
Payroll Taxes$80,872$6,308-$87,180
Insurance$39,130--$39,130
Travel$35,590$3,399-$38,989
Other Expenses$33,545$1,520-$35,065
Fees for Services Accounting-$22,500-$22,500
Fees for Services Legal-$12,940-$12,940
Total Functional Expenses$9,817,263$633,554$160$10,450,977

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$10,450,977
Total Expenses per Audited Statements$10,450,977
Total Expenses per Form 990$10,450,977
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$959,376

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
Bonds Payable$375,000
Capital Lease Obligation$36,128

Bond Issues

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

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$19,089,506$17,713,580$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
No
Business relationship with family members
No
Business relationship with organization members
Yes
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
2022-02-17
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
162
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, 2021. 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, 2021, 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/NetAssetsOrFundBalancesEOYAmt06235245
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0341264
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0315283
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IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt021067
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0338476
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0359543
IRS990/OtherExpensesGrp/Desc0LICENSES AND DUES
IRS990/OtherExpensesGrp/Desc1SUPPLIES & MATERIALS
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3FOOD
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt025297
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11724
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt22950
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt31520
IRS990/OtherExpensesGrp/ProgramServicesAmt0242637
IRS990/OtherExpensesGrp/ProgramServicesAmt1220227
IRS990/OtherExpensesGrp/ProgramServicesAmt255991
IRS990/OtherExpensesGrp/ProgramServicesAmt333545
IRS990/OtherExpensesGrp/TotalAmt0267934
IRS990/OtherExpensesGrp/TotalAmt1221951
IRS990/OtherExpensesGrp/TotalAmt258941
IRS990/OtherExpensesGrp/TotalAmt335065
IRS990/OtherLiabilitiesGrp/BOYAmt045648
IRS990/OtherLiabilitiesGrp/EOYAmt0411128
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0276883
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt05450434
IRS990/OtherSalariesAndWagesGrp/TotalAmt05727317
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06308
IRS990/PayrollTaxesGrp/ProgramServicesAmt080872
IRS990/PayrollTaxesGrp/TotalAmt087180
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt017067
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0215062
IRS990/PensionPlanContributionsGrp/TotalAmt0232129
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0236551
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0203570
IRS990/PrincipalOfficerNm0STACY ALTON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/Desc0ATHLETIC ACTIVITIES
IRS990/ProgramServiceRevenueGrp/Desc1COCURRICULAR ACTIVITIES
IRS990/ProgramServiceRevenueGrp/Desc2OTHER LOCAL REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt038608
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1202
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt286071
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt038608
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1202
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt286071
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt011055624
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt019489
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt03963940
IRS990/PYOtherRevenueAmt0200
IRS990/PYProgramServiceRevenueAmt0382721
IRS990/PYRevenuesLessExpensesAmt01030346
IRS990/PYSalariesCompEmpBnftPaidAmt06463748
IRS990/PYTotalExpensesAmt010427688
IRS990/PYTotalRevenueAmt011458034
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt01798797
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0124881
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0216527
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0216530
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/BookValueAmt012178211
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01566520
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt013744731
IRS990ScheduleD/EquipmentGrp/BookValueAmt0673318
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0888802
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01562120
IRS990ScheduleD/ExpensesSubtotalAmt010450977
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt02444593
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02444593
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0375000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt136128
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0BONDS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CAPITAL LEASE OBLIGATION
IRS990ScheduleD/RevenueSubtotalAmt012249774
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, 2021. 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, 2021, there are no uncertain tax positions taken or expected to be taken.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt015296122
IRS990ScheduleD/TotalExpensesPerForm990Amt010450977
IRS990ScheduleD/TotalLiabilityAmt0411128
IRS990ScheduleD/TotalRevenuePerForm990Amt012249774
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt012249774
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt010450977
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
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0152633
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount020000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0STACY ALTON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0SUPERINTENDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0172633
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
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.The difference between the issue price reported in Part I, Column (c) differs from the bond proceeds reported on line 3 due to the bond premium.
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0Part VI
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd0false
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

Document Assets

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Filings

Displayed year

2021 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$25,367,126
Liabilities
$19,131,881
Net assets
$6,235,245
Revenue
$12,249,774
Expenses
$10,450,977
Net income
$1,798,797
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
Peer Organizations

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