Civic Intelligence

Leadership Prep School

990 • Fiscal year 2025 • EIN 27-1616131

Jul 01, 2024 to Jun 30, 2025

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

91st percentile

0.83x

Higher debt load relative to assets than 91% of similar nonprofits.

2025 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2025

Liabilities / Revenue

91st percentile

2.88x

Higher debt load relative to revenue than 91% of similar nonprofits.

2025 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2025

Net Margin

58th percentile

9.1%

Higher net margin than 58% of similar nonprofits.

2025 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2025

Top Officer Pay

22nd percentile

$196,005

Higher top officer pay than 22% of similar nonprofits.

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

2025 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2025

Asset Growth

98th percentile

90%

Faster asset growth than 98% of similar nonprofits.

2025 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2024 to 2025

Revenue Growth

68th percentile

17%

Faster revenue growth than 68% of similar nonprofits.

2025 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets91st percentile

Assets

Up

$56,583,289

Up $32,174,004 (+132%) from 2022

Net Assets

Up

$9,506,608

Up $2,735,537 (+40%) from 2022

Liabilities

Up

$47,076,681

Up $29,438,467 (+167%) from 2022

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin58th percentile

Revenue

Up

$16,350,700

Up $3,879,622 (+31%) from 2022

Expenses

Up

$14,858,740

Up $2,923,488 (+24%) from 2022

Net Income

Up

$1,491,960

Up $956,134 (+178%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$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 2025: $56,583,289Liabilities 2025: $47,076,681Net Assets 2025: $9,506,6082025

Highlighted filing

2025

Assets$56,583,289
Liabilities$47,076,681
Net Assets$9,506,608
Open 2025 Filing

Operations Trend

Revenue Growth68th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$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 2025: $16,350,700Expenses 2025: $14,858,740Net Income 2025: $1,491,9602025

Highlighted filing

2025

Revenue$16,350,700
Expenses$14,858,740
Net Income$1,491,960
Open 2025 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Apr 7, 2026
Return Version
2024v5.2
Gross Receipts
$16,350,700
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$20,525,676$37,831,596▲ $17,305,920
Cash and Non-Interest-Bearing Accounts$4,669,387$13,009,982▲ $8,340,595
Accounts Receivable$2,039,958$2,984,762▲ $944,804
Intangible Assets$2,163,382$1,833,134▼ $330,248
Savings and Temporary Cash Investments$220,074$222,280▲ $2,206
Prepaid Expenses and Deferred Charges$199,786$211,730▲ $11,944
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$29,821,708$56,583,289▲ $26,761,581
Other Assets Total$3,445$489,805▲ $486,360
Liabilities
Tax Exempt Bond Liabilities$18,580,705$38,879,538▲ $20,298,833
Accounts Payable and Accrued Expenses$1,003,181$6,331,489▲ $5,328,308
Other Liabilities$2,169,266$1,833,133▼ $336,133
Deferred Revenue$53,908$32,521▼ $21,387
Total Liabilities$21,807,060$47,076,681▲ $25,269,621
Net Assets / Fund Balance
Net Assets With Donor Restrictions$7,539,950$8,456,614▲ $916,664
Net Assets Without Donor Restrictions$474,698$1,049,994▲ $575,296
Total Net Assets Fund Balance$8,014,648$9,506,608▲ $1,491,960
Total Liabilities and Net Assets / Fund Balance$29,821,708$56,583,289▲ $26,761,581

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$18,861,443-$18,861,443
Buildings$10,813,338$3,189,060$14,002,398
Land$7,447,936-$7,447,936
Equipment$708,879$1,906,717$2,615,596
Compensation and Service Providers
Top Officer Pay22nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stacy AltonSuperintendentFT$177,925$18,080$196,005

Board Members and Trustees

NameTitle
Sheila CraftPresident
Jacob MakuvireBoard Member
Jamie-lynn HarrisBoard Member
Marnie NelsonBoard Member
Steve StroblBoard Member
Scott ArmendarizSecretary
Mark RenfroTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Crossland Construction CoConstruction731 INDUSTRY WAY, Prosper, TX 75078$9,391,002
Cdw LLCInformation Technology5908 HEADQUARTERS DR STE 400, Plano, TX 75024$574,007
Wilson Bauhaus Interiors LLCFurnishing1341 W MOCKINGBIRD LN STE 1100W, Dallas, TX 75247$404,695
Education Service CenterEducation400 E SPRING VALLEY RD, Richardson, TX 75081$262,604
Dynamic Support SolutionsConsultingPO Box 541012, Dallas, TX 75354$196,500
Revenue and Support

Revenue Composition

Contributions and Grants
$15,441,978
Program Service Revenue
$357,355
Investment Income
$551,367
Other Revenue
$0
All Other Contributions
$3,145
Change in Net Assets
$1,491,960

Audited Revenue Reconciliation

Revenue per Audited Statements
$16,350,700
Total Revenue per Audited Statements
$16,350,700
Total Revenue per Form 990
$16,350,700
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$9,399,157
Other Expenses$5,459,583
Total Fundraising Expense$18,758
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$7,088,754$580,011$16,310$7,685,075
Fees for Services Other$989,234$292,995-$1,282,229
Occupancy$1,153,449--$1,153,449
Other Employee Benefits$923,110$121,062$680$1,044,852
Interest$923,554$102,617-$1,026,171
Depreciation Depletion$668,942--$668,942
Pension Plan Contributions$336,744$30,233$1,491$368,468
Current Officers, Directors, Trustees, and Key Employees-$196,245-$196,245
Travel$159,166$13,697-$172,863
Insurance$146,470--$146,470
Payroll Taxes$93,253$11,031$233$104,517
Other Expenses$49,114$29,404$44$49,114
Fees for Services Accounting-$27,000-$27,000
Fees for Services Legal-$10,382-$10,382
Total Functional Expenses$13,275,199$1,564,783$18,758$14,858,740

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$14,858,740
Total Expenses per Audited Statements$14,858,740
Total Expenses per Form 990$14,858,740
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 CraftBoard MemberFacility LeaseNo$855,575

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$1,833,133

Bond Issues

BondIssuerIssuedIssue PricePurpose
BArl Higher Ed Fin Corp2024-10-01$25,495,000REFINANCE DEBT
AArl Higher Ed Fin Corp2021-12-15$16,295,000REFINANCE DEBT

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
B$25,495,000$25,495,000-$523,402
A$16,710,000$16,710,000$1,345,000$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-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
2026-04-07
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
220
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, 2025. 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, 2025, 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/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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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, 2025. 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, 2025, there are no uncertain tax positions taken or expected to be taken.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE FOLLOWING IS PRINTED ON THE REGISTRATION MATERIALS:LEADERSHIP PREP SCHOOL DOES NOT DISCRIMINATE IN ADMISSIONS BASED ON GENDER; NATIONAL ORIGIN; ETHNICITY; RELIGION; DISABILITY; ACADEMIC, ARTISTIC OR ATHLETIC ABILITY; OR THE DISTRICT THE CHILD WOULD OTHERWISE ATTEND.

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Filings

Displayed year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$56,583,289
Liabilities
$47,076,681
Net assets
$9,506,608
Revenue
$16,350,700
Expenses
$14,858,740
Net income
$1,491,960
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$56.6$47.1$9.51$16.4$14.9$1.49
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