Lotts Creek Community School
- Assets
- $6.2m
- Revenue
- $160.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Hazard, KY
- Founding
- 10/1950
- Data as of
- 06/2022
- EIN
- 61-0482965
Organization Overview
Lotts Creek Community School is located in Hazard, KY. The organization was established in 1950. 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, Lotts Creek Community School employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lotts Creek Community 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 06/2022, Lotts Creek Community School generated $160.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (16.6%) each year. All expenses for the organization totaled $505.9k during the year ending 06/2022. 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
THE MISSION OF LOTTS CREEK SCHOOL, THROUGH THE COOPERATIVE EFFORTS OF STUDENTS, PARENTS, TEACHERS, AND COMMUNITY IS TO ASSURE THAT ALL STUDENTS WILL LEARN TO THE BEST OF THEIR ABILITY, DEVELOPING IN ACADEMIC, VOCATIONAL, PHYSICAL, EMOTIONAL, AND SOCIAL SKILLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATING THE YOUTH OF LOTTS CREEK, KNOTT COUNTY, KY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alice S Whitaker President | Officer | 40 | $24,480 |
Jeffrey Combs Board Member | Officer | 0 | $0 |
Ronald Worley Vice President | Officer | 0 | $0 |
Norma S Dawahare Sectreas | Officer | 0 | $0 |
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 | $159,645 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $159,645 |
| Total Program Service Revenue | $0 |
| Investment income | $434 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $160,079 |
| 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. | $24,480 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,400 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,719 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,598 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $277,674 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,986 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,986 |
| All other expenses | $49,557 |
| Total functional expenses | $505,940 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$79,265 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,996 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $6,262,200 |
| Investments—publicly traded securities | $6,495 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,197,426 |
| Accounts payable and accrued expenses | -$244 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $201,859 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $201,615 |
| Net assets without donor restrictions | $5,995,811 |
| Net assets with donor restrictions | $0 |
| 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 | $6,197,426 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lotts Creek Community School has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Whitaker Foundation Inc Lexington, KY PURPOSE: SUPPORT OF PROGRAMS | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Protestant Episcopal High School In Virginia Alexandria, VA | $560,084,637 | $67,951,795 |
The Baylor School Chattanooga, TN | $270,105,763 | $47,683,171 |
Woodberry Forest School Woodberry Forest, VA | $643,383,708 | $54,060,513 |
Concept Schools Inc Schaumburg, IL | $73,509,189 | $54,687,645 |
University Of Nashville Montgomery Bell Academy Nashville, TN | $303,405,415 | $41,667,135 |
Western Reserve Academy Hudson, OH | $203,998,204 | $58,141,913 |
Lake Forest Academy Lake Forest, IL | $113,447,241 | $34,795,522 |
The Seven Hills Schools Cincinnati, OH | $111,206,150 | $34,365,521 |
John Burroughs School St Louis, MO | $206,476,145 | $33,752,535 |
Perspectives Charter School Chicago, IL | $57,974,185 | $31,269,423 |
Battle Ground Academy Of Franklin Tennessee Franklin, TN | $62,773,782 | $25,765,415 |
National Association Of Secondary -School Principals Reston, VA | $56,104,392 | $28,736,000 |