Lakeland Christian School Inc
- Assets
- $70.0m
- Revenue
- $22.7m
- Investments
- $0.0
- Employees
- 298
- Location
- Lakeland, FL
- Founding
- 00/0000
- Data as of
- 06/2023
- EIN
- 59-0730067
Organization Overview
Lakeland Christian School Inc is located in Lakeland, FL. The organization was established in 0000. 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 06/2023, Lakeland Christian School Inc employed 298 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakeland Christian 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, Lakeland Christian School Inc generated $22.7m 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 $19.2m during the year ending 06/2023. While expenses have increased by 4.8% 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
TO PROVIDE INDEPENDENT DAY SCHOOL EDUCATION FOR GRADES K4-12.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAKELAND CHRISTIAN SCHOOL IS ONE OF THE NATION'S PREMIER PRIVATE CHRISTIAN SCHOOLS. THE INSTITUTION WAS FOUNDED IN 1954 AND HAS OVER 1,000 STUDENTS, MAKING IT ONE OF THE OLDEST AND LARGEST NON-PUBLIC K4-12TH GRADE SCHOOLS IN WEST CENTRAL FLORIDA. HALLMARKS OF LCS INCLUDE CHALLENGING ACADEMICS, CHAMPIONSHIP ATHLETICS, AND AWARD-WINNING FINE ARTS. THE SCHOOL'S PRIMARY DISTINCTIVE, THOUGH, IS THE BIBLICAL WORLDVIEW THAT PERMEATES EVERY FACET OF SCHOOL LIFE. LCS IS NON-DENOMINATIONAL, AND SCHOOL FAMILIES REPRESENT MORE THAN 160 LOCAL CHURCHES. CONTINUED ON SCHEDULE OLCS IS GOVERNED BY A 12-MEMBER BOARD OF DIRECTORS AND IS ACCREDITED BY THE ASSOCIATION OF CHRISTIAN SCHOOLS INTERNATIONAL (ACSI), THE FLORIDA COUNCIL OF INDEPENDENT SCHOOLS (FCIS), AND COGNIA.ALL FACULTY MEMBERS MAINTAIN PROFESSIONAL CERTIFICATION IN THEIR FIELDS. THE STUDENT-TO-FACULTY RATIO IS 13.5:1. 42% OF THE FACULTY HOLD MASTER'S DEGREES AND 31% HAVE TAUGHT AT LCS FOR 10 YEARS OR MORE. THE TEST SCORES OF LCS STUDENTS CONSISTENTLY EXCEED LOCAL, STATE, AND NATIONAL AVERAGES. LCS OFFERS 18 ADVANCED PLACEMENT AND HONORS COURSES AND 15 DUAL ENROLLMENT CLASSES AND 96% OF ITS GRADUATES PURSUE COLLEGE.THE SCHOOL PROVIDES 37 ATHLETIC TEAMS IN 18 SPORTS, FOR GRADES SIX THROUGH TWELVE. LCS HAS WON 27 STATE TITLES AND HAS CAPTURED 26 RUNNER-UP AWARDS. 65% OF SECONDARY STUDENTS PARTICIPATE IN ATHLETICS. THE OUTSTANDING FINE ARTS PROGRAM ENCOMPASSES NEARLY 500 STUDENTS. THE SCHOOL PRODUCES A MAJOR MUSICAL EACH YEAR, INCLUDING STUDENTS FROM ACROSS GRADE LEVELS. LCS ALSO PROVIDES PRIVATE PIANO LESSONS FOR MORE THAN 150 STUDENTS. THE BAND AND CHOIR PROGRAMS CONSISTENTLY GARNER STATEWIDE HONORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Knowlton Chairman | OfficerTrustee | 1 | $0 |
Cory Petcoff Vice-Chairman | OfficerTrustee | 1 | $0 |
Payton Albritton Director | Trustee | 1 | $0 |
Heather Bryant Director | Trustee | 1 | $0 |
Daniel Delange Director | Trustee | 1 | $0 |
Shannon Donley Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rodda Construction Construction | 6/29/23 | $4,265,294 |
Straughn Trout Architects Architect & Engineering | 6/29/23 | $467,097 |
E & A Cleaning Inc Cleaning | 6/29/23 | $293,131 |
World Electric Supply Construction | 6/29/23 | $259,836 |
Kawneer Company Construction | 6/29/23 | $149,647 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $202,299 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,767,029 |
| Noncash contributions included in lines 1a–1f | $97,699 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,969,328 |
| Total Program Service Revenue | $18,075,862 |
| Investment income | $478,668 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,657 |
| Net Gain/Loss on Asset Sales | -$47,822 |
| Net Income from Fundraising Events | -$33,948 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $27,382 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,667,518 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,518,368 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $393,846 |
| Compensation of current officers, directors, key employees. | $393,846 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,647,698 |
| Pension plan accruals and contributions | $294,144 |
| Other employee benefits | $862,712 |
| Payroll taxes | $572,027 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $54,874 |
| Fees for services: Accounting | $46,631 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $41,532 |
| Fees for services: Investment Management | $66,431 |
| Fees for services: Other | $371,756 |
| Advertising and promotion | $43,825 |
| Office expenses | $627,937 |
| Information technology | $310,449 |
| Royalties | $0 |
| Occupancy | $1,290,749 |
| Travel | $127,460 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $207,859 |
| Interest | $37,017 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,479,134 |
| Insurance | $95,590 |
| All other expenses | $247,412 |
| Total functional expenses | $19,203,286 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $449,993 |
| Savings and temporary cash investments | $11,625,286 |
| Pledges and grants receivable | $1,267,925 |
| Accounts receivable, net | $1,485 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $51,885 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $204,344 |
| Net Land, buildings, and equipment | $42,745,488 |
| Investments—publicly traded securities | $13,322,985 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $350,624 |
| Total assets | $70,020,015 |
| Accounts payable and accrued expenses | $6,933,666 |
| Grants payable | $0 |
| Deferred revenue | $465,944 |
| 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 | $351,298 |
| Total liabilities | $7,750,908 |
| Net assets without donor restrictions | $35,984,472 |
| Net assets with donor restrictions | $26,284,635 |
| 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 | $70,020,015 |