Lexington Christian Academy
- Assets
- $41.0m
- Revenue
- $14.0m
- Investments
- $0.0
- Employees
- 111
- Location
- Lexington, MA
- Founding
- 03/1970
- Data as of
- 06/2021
- EIN
- 04-2134815
Organization Overview
Lexington Christian Academy is located in Lexington, MA. The organization was established in 1970. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2021, Lexington Christian Academy employed 111 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lexington Christian Academy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Lexington Christian Academy generated $14.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $12.1m during the year ending 06/2021. While expenses have increased by 6.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
AN INDEPENDENT COLLEGE PREPARATORY SCHOOL SERVING GRADES SIX THROUGH TWELVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEXINGTON CHRISTIAN ACADEMY PROVIDES SCHOOLING FOR APPROXIMATELY 1,930 STUDENTS IN GRADES 6-12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine Metzger Head Of School | Officer | 40 | $145,598 |
Deb Veth Coo/cfo | Officer | 40 | $127,013 |
Robert Lawrence Vice Chair (to 10/20) | OfficerTrustee | 0.5 | $0 |
Jill Schumacher Secretary | OfficerTrustee | 0.5 | $0 |
Gerald Moore Vice Chair/treasurer | OfficerTrustee | 0.5 | $0 |
Diane Cambourelis Clerk Of The Board | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nagog Owner's Rep - Construction | 6/29/16 | $227,935 |
Prospect Building Services Corp Building Cleaning Services | 6/29/16 | $104,835 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,229,060 |
| All other contributions, gifts, grants, and similar amounts not included above | $715,675 |
| Noncash contributions included in lines 1a–1f | $106,652 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,944,735 |
| Total Program Service Revenue | $10,238,683 |
| Investment income | $116,927 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,275 |
| Net Gain/Loss on Asset Sales | $584,011 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,985,164 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,277,820 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $378,026 |
| Compensation of current officers, directors, key employees. | $270,340 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,011,719 |
| Pension plan accruals and contributions | $116,533 |
| Other employee benefits | $604,604 |
| Payroll taxes | $333,529 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $74,000 |
| Fees for services: Accounting | $41,502 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,337 |
| Fees for services: Other | $566,599 |
| Advertising and promotion | $54,162 |
| Office expenses | $202,985 |
| Information technology | $220,687 |
| Royalties | $0 |
| Occupancy | $378,215 |
| Travel | $26,654 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $40,471 |
| Interest | $576,710 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $845,613 |
| Insurance | $113,976 |
| All other expenses | $0 |
| Total functional expenses | $12,099,576 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,657,585 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,644 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $155,335 |
| Net Land, buildings, and equipment | $23,248,072 |
| Investments—publicly traded securities | $9,881,118 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $40,975,754 |
| Accounts payable and accrued expenses | $752,056 |
| Grants payable | $0 |
| Deferred revenue | $2,079,298 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $15,843,374 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $18,674,728 |
| Net assets without donor restrictions | $14,987,862 |
| Net assets with donor restrictions | $7,313,164 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $40,975,754 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Lexington Christian Academy has recieved totaling $191,984.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $107,200 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $50,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $30,000 |
Fidelity Foundation Boston, MA PURPOSE: MATCHING GIFTS TO EDUCATION | $4,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $134 |
Fidelity Foundation Boston, MA PURPOSE: MATCHING GIFTS TO EDUCATION | $100 |
Endowment Analysis
| Beg. Balance | $7,639,130 |
| Earnings | $3,430,711 |
| Net Contributions | $131,543 |
| Other Expense | $430,508 |
| Ending Balance | $10,770,876 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kent School Corporation Kent, CT | $229,105,384 | $52,388,614 |
Hopkins School Incorporated New Haven, CT | $238,380,739 | $44,795,541 |
Middlesex School Concord, MA | $485,283,896 | $51,739,388 |
Trustees Of Thayer Academy Braintree, MA | $161,523,903 | $74,068,471 |
Tabor Academy Marion, MA | $131,644,395 | $42,865,044 |
Berkshire School Inc Sheffield, MA | $360,181,943 | $53,167,690 |
Norwich Free Academy Norwich, CT | $43,430,200 | $37,532,143 |
St Marks School Of Southborough Inc Southborough, MA | $256,704,983 | $26,796,658 |
Beaver Country Day School Inc Chestnut Hill, MA | $85,211,798 | $37,690,859 |
Trustees Of Westminster School Inc Simsbury, CT | $266,021,202 | $46,508,932 |
Williston Northampton School Easthampton, MA | $100,619,158 | $41,610,730 |
St Georges School Newport, RI | $313,371,330 | $43,582,609 |