Lexington School Inc
- Assets
- $73.0m
- Revenue
- $18.6m
- Investments
- $7.0m
- Employees
- 228
- Location
- Lexington, KY
- Founding
- 04/1962
- Data as of
- 06/2022
- EIN
- 61-0563291
Organization Overview
Lexington School Inc is located in Lexington, KY. The organization was established in 1962. 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, Lexington School Inc employed 228 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lexington 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, Lexington School Inc generated $18.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $18.9m during the year ending 06/2022. While expenses have increased by 3.5% 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
EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL ACTIVITIES - 613 STUDENTS ENROLLED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Truitt President | OfficerTrustee | 5 | $0 |
King Offutt Vice President | Trustee | 5 | $0 |
Brady Barlow Treasurer | OfficerTrustee | 5 | $0 |
Shannon Arvin Secretary | OfficerTrustee | 3 | $0 |
Falguni Amin-Zimmerman Board Member | Trustee | 0.5 | $0 |
Kimberly Absher Board Member | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gordon Food Service Inc Food Supplies | 6/29/22 | $220,755 |
Facilities Management Services Facilities Service | 6/29/22 | $285,456 |
Marsh & Mclennan Agency Llc Supplies | 6/29/22 | $155,301 |
Amazon Supplies | 6/29/22 | $128,108 |
Cecil's Heating & Air Inc Hvac Installation/repair | 6/29/22 | $144,171 |
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 | $1,105,847 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,105,847 |
| Total Program Service Revenue | $15,172,396 |
| Investment income | $382,412 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,434,193 |
| Net Income from Fundraising Events | $482,713 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,577,561 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,655,603 |
| 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 | $0 |
| Other salaries and wages | $8,465,151 |
| Pension plan accruals and contributions | $532,116 |
| Other employee benefits | $1,078,041 |
| Payroll taxes | $640,996 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,664 |
| Fees for services: Accounting | $48,363 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $66,335 |
| Advertising and promotion | $20,965 |
| Office expenses | $81,705 |
| Information technology | $264,215 |
| Royalties | $0 |
| Occupancy | $1,073,992 |
| Travel | $7,664 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,139 |
| Interest | $399,105 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,637,337 |
| Insurance | $227,337 |
| All other expenses | $786,054 |
| Total functional expenses | $18,916,044 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,287,216 |
| Savings and temporary cash investments | $3,462,189 |
| Pledges and grants receivable | $1,833,462 |
| Accounts receivable, net | $13,535 |
| 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 | $419,930 |
| Net Land, buildings, and equipment | $21,682,783 |
| Investments—publicly traded securities | $35,384,027 |
| Investments—other securities | $6,952,158 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $73,035,300 |
| Accounts payable and accrued expenses | $1,207,851 |
| Grants payable | $0 |
| Deferred revenue | $1,493,288 |
| Tax-exempt bond liabilities | $10,490,136 |
| 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 | $252,206 |
| Total liabilities | $13,443,481 |
| Net assets without donor restrictions | $35,696,391 |
| Net assets with donor restrictions | $23,895,428 |
| 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 | $73,035,300 |