Leadership Prep School
- Assets
- $24.4m
- Revenue
- $12.5m
- Investments
- $0.0
- Employees
- 178
- Location
- Frisco, TX
- Founding
- 05/2010
- Data as of
- 06/2022
- EIN
- 27-1616131
Organization Overview
Leadership Prep School is located in Frisco, TX. The organization was established in 2010. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, Leadership Prep School employed 178 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leadership Prep School 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 06/2022, Leadership Prep School generated $12.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $11.9m during the year ending 06/2022. While expenses have increased by 5.8% per year over the past 5 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEADERSHIP 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacy Alton Superintendent | Officer | 40 | $179,875 |
Sheila Craft President | OfficerTrustee | 2 | $0 |
David Stroud Board Member | Trustee | 2 | $0 |
Mark Renfro Treasurer | OfficerTrustee | 2 | $0 |
Jacob Makuvire Board Member | Trustee | 2 | $0 |
Scott Armendariz Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,077,281 |
| All other contributions, gifts, grants, and similar amounts not included above | $28,882 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,106,163 |
| Total Program Service Revenue | $364,538 |
| Investment income | $377 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,471,078 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $182,198 |
| Compensation of current officers, directors, key employees. | $182,198 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,324,498 |
| Pension plan accruals and contributions | $282,217 |
| Other employee benefits | $437,470 |
| Payroll taxes | $102,754 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $38,313 |
| Fees for services: Accounting | $24,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $692,483 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,047,802 |
| Travel | $197,083 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,025,325 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $673,557 |
| Insurance | $60,581 |
| All other expenses | $0 |
| Total functional expenses | $11,935,252 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,220,134 |
| Savings and temporary cash investments | $216,531 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,079,305 |
| 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 | $175,141 |
| Net Land, buildings, and equipment | $14,718,174 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $24,409,285 |
| Accounts payable and accrued expenses | $958,103 |
| Grants payable | $0 |
| Deferred revenue | $155,333 |
| Tax-exempt bond liabilities | $16,498,751 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $26,027 |
| Total liabilities | $17,638,214 |
| Net assets without donor restrictions | $340,876 |
| Net assets with donor restrictions | $6,430,195 |
| 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 | $24,409,285 |