Civic Intelligence

Leadership Prep School

990 • Fiscal year 2023 • EIN 27-1616131

Jul 01, 2022 to Jun 30, 2023 • Filed on May 02, 2024

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

85th percentile

0.73x

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

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

82nd percentile

1.49x

Higher debt load relative to revenue than 82% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Net Margin

55th percentile

5.5%

Higher net margin than 55% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

27th percentile

$171,778

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Asset Growth

71st percentile

15%

Faster asset growth than 71% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

61st percentile

10%

Faster revenue growth than 61% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets85th percentile

Assets

Up

$28,043,000

Up $3,633,715 (+15%) from 2022

Net Assets

Up

$7,523,581

Up $752,510 (+11%) from 2022

Liabilities

Up

$20,519,419

Up $2,881,205 (+16%) from 2022

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin55th percentile

Revenue

Up

$13,772,984

Up $1,301,906 (+10%) from 2022

Expenses

Up

$13,020,474

Up $1,085,222 (+9.1%) from 2022

Net Income

Up

$752,510

Up $216,684 (+40%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth71st 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: $6,771,0712022Assets 2023: $28,043,000Liabilities 2023: $20,519,419Net Assets 2023: $7,523,5812023

Highlighted filing

2023

Assets$28,043,000
Liabilities$20,519,419
Net Assets$7,523,581
Open 2023 Filing

Operations Trend

Revenue Growth61st 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: $535,8262022Revenue 2023: $13,772,984Expenses 2023: $13,020,474Net Income 2023: $752,5102023

Highlighted filing

2023

Revenue$13,772,984
Expenses$13,020,474
Net Income$752,510
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 2, 2024
Return Version
2022v5.0
Gross Receipts
$13,772,984
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$14,718,174$15,310,825▲ $592,651
Cash and Non-Interest-Bearing Accounts$7,220,134$6,663,229▼ $556,905
Intangible Assets-$2,909,502-
Accounts Receivable$2,079,305$2,760,406▲ $681,101
Savings and Temporary Cash Investments$216,531$217,315▲ $784
Prepaid Expenses and Deferred Charges$175,141$181,723▲ $6,582
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-
Inventories for Sale or Use-$0-
Total Assets$24,409,285$28,043,000▲ $3,633,715
Other Assets Total-$0-
Liabilities
Tax Exempt Bond Liabilities$16,498,751$16,061,825▼ $436,926
Other Liabilities$26,027$2,926,644▲ $2,900,617
Accounts Payable and Accrued Expenses$958,103$1,454,051▲ $495,948
Deferred Revenue$155,333$76,899▼ $78,434
Total Liabilities$17,638,214$20,519,419▲ $2,881,205
Net Assets / Fund Balance
Net Assets With Donor Restrictions$6,430,195$7,109,372▲ $679,177
Net Assets Without Donor Restrictions$340,876$414,209▲ $73,333
Total Net Assets Fund Balance$6,771,071$7,523,581▲ $752,510
Total Liabilities and Net Assets / Fund Balance$24,409,285$28,043,000▲ $3,633,715

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$11,561,546$2,395,313$13,956,859
Land$2,444,593-$2,444,593
Equipment$635,300$1,360,774$1,996,074
Other Land Buildings$669,386-$669,386
Compensation and Service Providers
Top Officer Pay27th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stacy AltonSuperintendentFT$163,938$7,840$171,778

Board Members and Trustees

NameTitle
Sheila CraftPresident
David Stroud-thru 223Board Member
Jacob MakuvireBoard Member
Jamie-lynn Harris-from 623Board Member
Jennifer BarkerBoard Member
Marnie NelsonBoard Member
Scott ArmendarizSecretary
Mark RenfroTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Dynamic Support SolutionsConsultingPO Box 541012, Dallas, TX 75354$141,000
Revenue and Support

Revenue Composition

Contributions and Grants
$13,382,506
Program Service Revenue
$376,762
Investment Income
$13,716
Other Revenue
$0
All Other Contributions
$12,627
Change in Net Assets
$752,510

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,772,984
Total Revenue per Audited Statements
$13,772,984
Total Revenue per Form 990
$13,772,984
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$8,129,531
Other Expenses$4,890,943
Total Fundraising Expense$18,557
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,367,787$616,682$16,945$7,001,414
Occupancy$1,126,712--$1,126,712
Fees for Services Other$510,503$485,201$100$995,804
Depreciation Depletion$685,900--$685,900
Interest$467,231$51,915-$519,146
Other Employee Benefits$399,148$50,739$11$449,898
Pension Plan Contributions$337,970$36,111$1,197$375,278
Travel$203,317$25,462-$228,779
Current Officers, Directors, Trustees, and Key Employees-$176,563-$176,563
Payroll Taxes$114,877$11,258$243$126,378
Insurance$36,541$41,243-$77,784
Other Expenses$41,870$154,219$61$41,870
Fees for Services Legal-$33,709-$33,709
Fees for Services Accounting-$27,000-$27,000
Total Functional Expenses$11,291,815$1,710,102$18,557$13,020,474

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$13,020,474
Total Expenses per Audited Statements$13,020,474
Total Expenses per Form 990$13,020,474
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
Operating Lease Liability$2,909,502
Capital Lease Obligation$17,142

Bond Issues

BondIssuerIssuedIssue PricePurpose
AArl Higher Ed Fin Corp2021-12-15$16,295,000REFINANCE DEBT

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$16,710,000$16,710,000$430,000$661,164

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
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, Section A, Line 2

“Sheila craft and david stroud-business relationship.”

Form 990, Part VI, Section B, Line 11B

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

Form 990, Part VI, Section B, Line 15A

“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, Section B, Line 15B

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

Form 990, Part VI, Section C, 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
9723703650
Address
8100 TEEL PARKWAY, FRISCO, TX 75034

Signing Officer

Name
Stacy Alton
Title
Superintendent
Signed
2024-05-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stacy Alton
Formed
2010
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
201
Volunteers
100

Preparer

Firm
Sutton Frost Cary LLP
Address
200 E Front St Suite 200, 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, 2023. 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, 2023, there are no uncertain tax positions taken or expected to be taken.”

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IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt041243
IRS990/InsuranceGrp/ProgramServicesAmt036541
IRS990/InsuranceGrp/TotalAmt077784
IRS990/IntangibleAssetsGrp/EOYAmt02909502
IRS990/InterestGrp/ManagementAndGeneralAmt051915
IRS990/InterestGrp/ProgramServicesAmt0467231
IRS990/InterestGrp/TotalAmt0519146
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt013716
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt013716
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt036
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03756087
IRS990/LandBldgEquipBasisNetGrp/BOYAmt014718174
IRS990/LandBldgEquipBasisNetGrp/EOYAmt015310825
IRS990/LandBldgEquipCostOrOtherBssAmt019066912
IRS990/LegalDomicileStateCd0TX
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt06771071
IRS990/NetAssetsOrFundBalancesEOYAmt07523581
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0340876
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0414209
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt01126712
IRS990/OccupancyGrp/TotalAmt01126712
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt011
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt050739
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0399148
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0449898
IRS990/OtherExpensesGrp/Desc0SUPPLIES & MATERIALS
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2FOOD
IRS990/OtherExpensesGrp/FundraisingAmt061
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0154219
IRS990/OtherExpensesGrp/ProgramServicesAmt0835089
IRS990/OtherExpensesGrp/ProgramServicesAmt1164870
IRS990/OtherExpensesGrp/ProgramServicesAmt241870
IRS990/OtherExpensesGrp/TotalAmt0989308
IRS990/OtherExpensesGrp/TotalAmt1164931
IRS990/OtherExpensesGrp/TotalAmt241870
IRS990/OtherLiabilitiesGrp/BOYAmt026027
IRS990/OtherLiabilitiesGrp/EOYAmt02926644
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt016945
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0616682
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt06367787
IRS990/OtherSalariesAndWagesGrp/TotalAmt07001414
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0243
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt011258
IRS990/PayrollTaxesGrp/ProgramServicesAmt0114877
IRS990/PayrollTaxesGrp/TotalAmt0126378
IRS990/PensionPlanContributionsGrp/FundraisingAmt01197
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt036111
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0337970
IRS990/PensionPlanContributionsGrp/TotalAmt0375278
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0175141
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0181723
IRS990/PrincipalOfficerNm0STACY ALTON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0ATHLETIC ACTIVITIES
IRS990/ProgramServiceRevenueGrp/Desc1OTHER LOCAL REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt017059
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1359703
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt017059
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1359703
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt012106163
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0377
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt04606115
IRS990/PYProgramServiceRevenueAmt0364538
IRS990/PYRevenuesLessExpensesAmt0535826
IRS990/PYSalariesCompEmpBnftPaidAmt07329137
IRS990/PYTotalExpensesAmt011935252
IRS990/PYTotalRevenueAmt012471078
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0752510
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0376762
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0216531
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0217315
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/BookValueAmt011561546
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02395313
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt013956859
IRS990ScheduleD/EquipmentGrp/BookValueAmt0635300
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01360774
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01996074
IRS990ScheduleD/ExpensesSubtotalAmt013020474
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt02444593
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02444593
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0669386
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0669386
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt017142
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12909502
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL LEASE OBLIGATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OPERATING LEASE LIABILITY
IRS990ScheduleD/RevenueSubtotalAmt013772984
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, 2023. 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, 2023, there are no uncertain tax positions taken or expected to be taken.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt015310825
IRS990ScheduleD/TotalExpensesPerForm990Amt013020474
IRS990ScheduleD/TotalLiabilityAmt02926644
IRS990ScheduleD/TotalRevenuePerForm990Amt013772984
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt013772984
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt013020474
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

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$28,043,000
Liabilities
$20,519,419
Net assets
$7,523,581
Revenue
$13,772,984
Expenses
$13,020,474
Net income
$752,510
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$28.0$20.5$7.52$13.8$13.0$0.75
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