Lalumiere School Inc
- Assets
- $14.2m
- Revenue
- $7.0m
- Investments
- $0.0
- Employees
- 75
- Location
- Laporte, IN
- Founding
- 05/1965
- Data as of
- 06/2022
- EIN
- 35-1085350
Organization Overview
Lalumiere School Inc is located in Laporte, IN. The organization was established in 1965. 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 06/2022, Lalumiere School Inc employed 75 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lalumiere School Inc 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, Lalumiere School Inc generated $7.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $7.2m during the year ending 06/2022. While expenses have increased by 3.7% per year over the past 7 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
TO OPERATE A PRIVATE CO-EDUCATIONAL SCHOOL FOR GRADES 9 - 12.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION EXISTS FOR ONLY ONE PURPOSE AND THAT IS TO OPERATE A PRIVATE CO-EDUCATIONAL COLLEGE PREPARATORY SCHOOL FOR GRADES 9 TO 12.
THE ORGANIZATION EXISTS FOR ONLY ONE PURPOSE AND THAT IS TO OPERATE A PRIVATE CO-EDUCATIONAL COLLEGE PREPARATORY SCHOOL FOR GRADES 9 TO 12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Adam Kronk Head Of Scho | $204,558 | ||
Curt Bailey Trustee | Trustee | $0 | |
Ryugo Kato Trustee | Trustee | $0 | |
Keith Krause Trustee | Trustee | $0 | |
Jeff Rea Trustee | Trustee | $0 | |
Shetal Patel Trustee | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,778,976 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,778,976 |
| Total Program Service Revenue | $4,221,930 |
| Investment income | -$361,912 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $13,112 |
| Net Income from Fundraising Events | $314,170 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $8,408 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,974,684 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $204,588 |
| Other salaries and wages | $2,621,469 |
| Pension plan accruals and contributions | $128,654 |
| Other employee benefits | $464,676 |
| Payroll taxes | $199,927 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,177 |
| Fees for services: Accounting | $25,010 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $843 |
| Fees for services: Other | $37,072 |
| Advertising and promotion | $38,942 |
| Office expenses | $31,144 |
| Information technology | $95,544 |
| Royalties | $0 |
| Occupancy | $484,510 |
| Travel | $100,039 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,190 |
| Interest | $53,232 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $534,256 |
| Insurance | $111,079 |
| All other expenses | $511,904 |
| Total functional expenses | $7,243,780 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,689,508 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $301,800 |
| Accounts receivable, net | $222,653 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $16,321 |
| Prepaid expenses and deferred charges | $94,845 |
| Net Land, buildings, and equipment | $8,923,913 |
| Investments—publicly traded securities | $2,982,274 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,231,314 |
| Accounts payable and accrued expenses | $272,686 |
| Grants payable | $0 |
| Deferred revenue | $1,216,930 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,057,835 |
| Total liabilities | $2,547,451 |
| Net assets without donor restrictions | $8,180,003 |
| Net assets with donor restrictions | $3,503,860 |
| 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 | $14,231,314 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Lalumiere School Inc has recieved totaling $614,361.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $150,000 |
Sandin Family Foundation Michigan City, IN PURPOSE: EDUCATION | $140,100 |
Irish Woods Foundation Chicago, IL PURPOSE: TO SUPPORT THE MISSION OF THE CHARITABLE ORGANIZATION. | $110,000 |
Hurley Family Foundation Chicago, IL PURPOSE: OPERATING FUND | $101,000 |
The Bessemer Giving Fund Woodbridge, NJ PURPOSE: GENERAL SUPPORT | $54,000 |
Unity Foundation Of Laporte County Inc Michigan City, IN PURPOSE: EDUCATION | $37,211 |
Endowment Analysis
| Beg. Balance | $2,920,686 |
| Earnings | -$214,491 |
| Net Contributions | $100,000 |
| Other Expense | $400,800 |
| Ending Balance | $2,405,395 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wheaton Academy West Chicago, IL | $41,216,883 | $18,989,425 |
Lexington School Inc Lexington, KY | $82,981,335 | $20,273,926 |
Westminster Christian Academy Association Town Country, MO | $72,930,151 | $20,133,441 |
Barstow School Kansas City, MO | $36,041,263 | $20,616,227 |
St Johns Northwestern Military Academy Inc Delafield, WI | $17,393,633 | $8,781,742 |
Trinity Schools Inc South Bend, IN | $7,029,834 | $13,749,929 |
Conserve School Corporation Land O Lakes, WI | $44,507,562 | $11,154,750 |
North Lawndale College Preparatory Charter High School Chicago, IL | $2,962,197 | $11,158,791 |
Whitfield School Inc Saint Louis, MO | $28,107,434 | $12,277,432 |
National Federation Of State High School Associations Indianapolis, IN | $27,763,480 | $13,615,729 |
Chicago High School For The Arts Chicago, IL | $2,941,878 | $11,358,918 |
Illinois High School Association Bloomington, IL | $9,005,242 | $12,463,504 |