Lyceum Schools Inc

“The 990 is available to board members upon request.”

“The School Leader's compensation is reviewed on an annual basis. The Finance Committee works in conjunction with the Governance Committee to review national and local benchmarking studies and publicly available information for schools and similar educational exempt organizations. The School Leader salary is set, reviewed, and approved by a vote of the Board of Directors.”

“Review of other key employees' compensation is reviewed, approved, and documented by the School Leader. The School Leader uses national and local benchmarking studies and publicly available information to set salary amounts. Salaries are reviewed and adjusted on an annual basis or as deemed necessary by the School Leader.”

“Upon request”

“Due to significantly rising personnel and operational costs and the inability to sustain financial stability, the board of directors for Lyceum Schools has made the difficult decision to cease operations and dissolve the organization. Despite best efforts to secure additional funding and reduce expenses, the increasing financial pressures have made it unfeasible to continue serving our mission effectively.The organization will cease operations as of 12/31/24 and commence the process of dissolution in accordance with applicable state laws and IRS regulations. All remaining assets will be distributed in compliance with the organizations governing documents and Internal Revenue Code requirements for 501(c)(3) organizations.”

“The organization participates in the federal E-Rate program, which provides discounts on telecommunications and internet access services to eligible non-profit organizations. The telecommunications expense included in office expenses reported in Part IX, Line 13, reflects the net expense after applying the E-Rate discount. During the fiscal year, the organization received a total E-Rate discount of $8,793, which reduced the gross telecommunications expenses from $19,619 to $10,826. This reduction supports the organizations mission by lowering operating costs for essential services.”