Lake Highland Preparatory School Inc
- Assets
- $144.6m
- Revenue
- $62.1m
- Investments
- $51.5k
- Employees
- 599
- Location
- Orlando, FL
- Founding
- 11/1963
- Data as of
- 06/2023
- EIN
- 59-0624431
Organization Overview
Lake Highland Preparatory School Inc is located in Orlando, FL. The organization was established in 1963. 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 06/2023, Lake Highland Preparatory School Inc employed 599 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Highland Preparatory 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 06/2023, Lake Highland Preparatory School Inc generated $62.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $56.0m during the year ending 06/2023. While expenses have increased by 4.7% 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
INSTILLING CHRISTIAN VALUES, INSPIRING PATRIOTISM, DEVELOPING FUTURE LEADERS & PREPARING STUDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTIONAL AND STUDENT ACTIVITIES:APPROXIMATELY 2,040 STUDENTS ARE ENROLLED FROM PRE-KINDERGARTEN THROUGH 12TH GRADE. THE SCHOOL-WIDE PUPIL RATIO IS 1 TO 12. THE ORGANIZATION PROMOTES SPIRITUAL, PERSONAL, ATHLETIC, AND SOCIAL DEVELOPMENT IN ADDITION TO MEETING THE ACADEMIC NEEDS OF ITS STUDENTS WITH A PLANNED PROGRAM OF EXCELLENCE FROM PRE-KINDERGARTEN THROUGH 12TH GRADE. THE ORGANIZATION SEEKS TO PROVIDE A COMPREHENSIVE, ENRICHING EDUCATION THAT WILL ENABLE STUDENTS TO CONTINUE THEIR ACADEMIC STUDIES SUCCESSFULLY AT THE COLLEGE LEVEL. THESE GOALS ARE ACHIEVED THROUGH A DIVERSIFIED CURRICULUM, SMALL CLASS SIZE, AND PERSONALIZED INSTRUCTION.
AUXILIARY ACTIVITIES:AUXILIARY ACTIVITIES INCLUDE THE ATHLETIC DEPARTMENT, ADMISSIONS TESTING, YEARBOOK PRODUCTION, AFTER SCHOOL AND SUMMER SCHOOL PROGRAMS, AND SALES. THESE ACTIVITIES ENHANCE THE ORGANIZATION'S EXEMPT MISSION OF PROMOTING THE SPIRITUAL, PERSONAL, ATHLETIC AND SOCIAL DEVELOPMENT OF STUDENTS IN ADDITION TO MEETING THEIR ACADEMIC NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Deery Chairman | OfficerTrustee | 2 | $0 |
Greg Ramsby Vice-Chairman | OfficerTrustee | 2 | $0 |
Sarah Overmeyer Secretary | OfficerTrustee | 2 | $0 |
Derek Lewis Treasurer | OfficerTrustee | 2 | $0 |
Grant Cornwell Trustee | Trustee | 1 | $0 |
Carrie Daanen Trustee | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Balfour Beatty Construction Construction | 6/29/23 | $30,541,127 |
Mrozek Services Group Llc Construction | 6/29/23 | $890,150 |
Presidio Networked Solutions Network Upgrade & Services | 6/29/23 | $1,032,645 |
Fcs Facility Services Cleaning Services | 6/29/23 | $801,691 |
Schenkel & Shultz Inc Architecture | 6/29/23 | $788,287 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $55,600 |
| Related organizations | $172,082 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,548,977 |
| Noncash contributions included in lines 1a–1f | $71,348 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,776,659 |
| Total Program Service Revenue | $55,247,938 |
| Investment income | $626,053 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $95,838 |
| Net Gain/Loss on Asset Sales | -$72,662 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $20,630 |
| Net Income from Sales of Inventory | $359,529 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $62,053,985 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,419,619 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,702,055 |
| Compensation of current officers, directors, key employees. | $348,202 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,173,886 |
| Pension plan accruals and contributions | $1,941,403 |
| Other employee benefits | $5,939,649 |
| Payroll taxes | $1,815,064 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $231,255 |
| Fees for services: Accounting | $107,246 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,158,220 |
| Advertising and promotion | $61,029 |
| Office expenses | $959,817 |
| Information technology | $758,238 |
| Royalties | $0 |
| Occupancy | $5,365,621 |
| Travel | $14,491 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $662,697 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,960,577 |
| Insurance | $651,876 |
| All other expenses | $0 |
| Total functional expenses | $55,976,716 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,243,200 |
| Savings and temporary cash investments | $12,977,495 |
| Pledges and grants receivable | $3,673,045 |
| Accounts receivable, net | $33,004,846 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $206,592 |
| Prepaid expenses and deferred charges | $1,230,921 |
| Net Land, buildings, and equipment | $64,851,177 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $51,480 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,343,509 |
| Total assets | $144,582,265 |
| Accounts payable and accrued expenses | $10,922,023 |
| Grants payable | $0 |
| Deferred revenue | $47,523,401 |
| Tax-exempt bond liabilities | $42,342,484 |
| 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 | $1,166,247 |
| Total liabilities | $101,954,155 |
| Net assets without donor restrictions | $24,909,195 |
| Net assets with donor restrictions | $17,718,915 |
| 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 | $144,582,265 |