Lakehill Preparatory School
- Assets
- $22.5m
- Revenue
- $10.5m
- Investments
- $0.0
- Employees
- 121
- Location
- Dallas, TX
- Founding
- 12/1971
- Data as of
- 07/2023
- EIN
- 75-1366180
Organization Overview
Lakehill Preparatory School is located in Dallas, TX. The organization was established in 1971. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 07/2023, Lakehill Preparatory School employed 121 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakehill Preparatory 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 07/2023, Lakehill Preparatory School generated $10.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $10.4m during the year ending 07/2023. While expenses have increased by 5.8% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
LAKEHILL PREPARATORY SCHOOL GUIDES MOTIVATED STUDENTS TO LEARN WITH CURIOSITY, LEAD WITH CONFIDENCE, AND SERVE WITH COMPASSION. OUR CHALLENGING AND NURTURING EDUCATIONAL COMMUNITY INSPIRES STUDENTS TO BECOME COLLABORATIVE PROBLEM-SOLVERS WHO LIVE WITH INTEGRITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIVATE COLLEGE PREPARATORY SCHOOL TEACHING GRADES K-12
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arthur N Hall Head Of School | Officer | 40 | $315,766 |
Bruce Mccoskey CFO | Officer | 50 | $180,835 |
Patti Frullo-Thru 72023 Asst Head Of Sc | Officer | 40 | $171,921 |
Roger L Perry For Head Of Sch | Officer | 40 | $164,600 |
David Yanes E.d. Of School Ops | 40 | $127,475 | |
Bob Yttredahl-Thru 52023 Head Of Up School | 40 | $116,520 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Steve Allen Campus Security | 7/30/17 | $193,270 |
Highland Builders Inc Construction | 7/30/17 | $5,041,193 |
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 | $1,750,789 |
| Noncash contributions included in lines 1a–1f | $19,269 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,750,789 |
| Total Program Service Revenue | $8,261,486 |
| Investment income | $230,165 |
| 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 | $34,968 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,457,400 |
| 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. | $745,936 |
| Compensation of current officers, directors, key employees. | $166,648 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,929,319 |
| Pension plan accruals and contributions | $96,427 |
| Other employee benefits | $873,739 |
| Payroll taxes | $412,412 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,849 |
| Fees for services: Other | $19,922 |
| Advertising and promotion | $86,469 |
| Office expenses | $265,763 |
| Information technology | $201,454 |
| Royalties | $0 |
| Occupancy | $1,238,683 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,054 |
| Insurance | $144,803 |
| All other expenses | $184,730 |
| Total functional expenses | $10,393,420 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $397,402 |
| Savings and temporary cash investments | $6,834,218 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,915,042 |
| 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 | $67,593 |
| Net Land, buildings, and equipment | $126,264 |
| Investments—publicly traded securities | $3,511,882 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,666,221 |
| Total assets | $22,518,622 |
| Accounts payable and accrued expenses | $723,642 |
| Grants payable | $0 |
| Deferred revenue | $9,271,651 |
| 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 | $845,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $10,840,293 |
| Net assets without donor restrictions | $11,315,230 |
| Net assets with donor restrictions | $363,099 |
| 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 | $22,518,622 |