Lausanne Collegiate School
- Assets
- $29.1m
- Revenue
- $27.0m
- Investments
- $0.0
- Employees
- 254
- Location
- Memphis, TN
- Founding
- 02/1955
- Data as of
- 05/2023
- EIN
- 62-0517292
Organization Overview
Lausanne Collegiate School is located in Memphis, TN. The organization was established in 1955. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 05/2023, Lausanne Collegiate School employed 254 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lausanne Collegiate 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 05/2023, Lausanne Collegiate School generated $27.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $25.8m during the year ending 05/2023. While expenses have increased by 4.2% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PREPARE EACH OF ITS STUDENTS FOR COLLEGE AND FOR LIFE IN A GLOBAL ENVIRONMENT
Describe the Organization's Program Activity:
PROVIDE EDUCATIONAL SERVICES FOR STUDENTS (PRESCHOOL THROUGH GRADE 12)
CAMP: SUMMER PROGRAMS TO PROVIDE EDUCATIONAL AND ATHLETIC SERVICES TO CHILDREN DURING THE SUMMER MONTHS.
AFTERCARE: PROVIDE EDUCATIONAL AND ATHLETIC SERVICES TO CHILDREN DURING AFTER SCHOOL HOURS UNTIL 6 PM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Derrick President | OfficerTrustee | 1 | $0 |
Scott Dawson Vp/finance Committee Chair | OfficerTrustee | 1 | $0 |
Lawson Arney Vp/development Committee Chair | OfficerTrustee | 1 | $0 |
Rebecca Belz Vp/secretary | OfficerTrustee | 1 | $0 |
Max Aldrich Trustee | Trustee | 1 | $0 |
Brian Campbell Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jan-pro Cleaning System Of Memphis Janitorial Services | 5/30/23 | $280,520 |
Double E Construction Athletic Turf Field | 5/30/23 | $190,985 |
Mechanical Systems Company Hvac Services | 5/30/23 | $150,596 |
Lisco Property Management Property Management Services | 5/30/23 | $141,380 |
Veracross Llc Software | 5/30/23 | $104,115 |
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 | $567,359 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $567,359 |
| Total Program Service Revenue | $26,080,347 |
| Investment income | $314,092 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,560 |
| Net Income from Fundraising Events | -$5,552 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,954,686 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,693,494 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $668,814 |
| Compensation of current officers, directors, key employees. | $96,309 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,594,560 |
| Pension plan accruals and contributions | $418,114 |
| Other employee benefits | $1,890,860 |
| Payroll taxes | $845,938 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $56,709 |
| Fees for services: Accounting | $57,815 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,984 |
| Fees for services: Other | $182,248 |
| Advertising and promotion | $243,865 |
| Office expenses | $366,649 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $381,630 |
| Travel | $197,496 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,369 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,463,831 |
| Insurance | $221,169 |
| All other expenses | $650,642 |
| Total functional expenses | $25,845,186 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $263,445 |
| Savings and temporary cash investments | $7,060,245 |
| Pledges and grants receivable | $285,378 |
| Accounts receivable, net | $211,366 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $51,190 |
| Prepaid expenses and deferred charges | $332,326 |
| Net Land, buildings, and equipment | $18,501,876 |
| Investments—publicly traded securities | $1,579,456 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $780,592 |
| Total assets | $29,065,874 |
| Accounts payable and accrued expenses | $2,124,347 |
| Grants payable | $0 |
| Deferred revenue | $1,193,624 |
| 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 | $930,305 |
| Total liabilities | $4,248,276 |
| Net assets without donor restrictions | $23,700,512 |
| Net assets with donor restrictions | $1,117,086 |
| 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 | $29,065,874 |