Lexington School Inc
- Assets
- $83.0m
- Revenue
- $20.3m
- Investments
- $7.1m
- Employees
- 207
- Location
- Lexington, KY
- Founding
- 04/1962
- Data as of
- 06/2021
- EIN
- 61-0563291
Organization Overview
Lexington School Inc is located in Lexington, KY. The organization was established in 1962. 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 06/2021, Lexington School Inc employed 207 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lexington 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 06/2021, Lexington School Inc generated $20.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $18.1m during the year ending 06/2021. While expenses have increased by 3.3% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL ACTIVITIES - 613 STUDENTS ENROLLED
EDUCATIONAL ACTIVITIES - 613 STUDENTS ENROLLED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Una Mccarthy Headmaster | 40 | $267,877 | |
Susan O'brien Business Manager | 40 | $174,325 | |
Jeff Truitt President | OfficerTrustee | 5 | $0 |
Brady Barlow Treasurer | OfficerTrustee | 5 | $0 |
Kristi Middleton Secretary | OfficerTrustee | 3 | $0 |
King Offutt Vice President | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Congleton-hacker Co Construction Management/labor | 6/29/21 | $460,626 |
Gordon Food Service Inc Food Supplies | 6/29/21 | $169,232 |
The Allen Co Inc Construction Management/labor | 6/29/21 | $242,730 |
Cecil's Heating & Air Inc Hvac Installation/repair | 6/29/21 | $149,040 |
Gametime Supplies | 6/29/21 | $169,039 |
Congleton-hacker Co Construction Management/labor | 6/29/21 | $460,626 |
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 | $1,224,716 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,224,716 |
| Total Program Service Revenue | $14,450,220 |
| Investment income | $194,632 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,078,566 |
| Net Income from Fundraising Events | $325,792 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,273,926 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,665,189 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,038,786 |
| Pension plan accruals and contributions | $513,913 |
| Other employee benefits | $1,068,775 |
| Payroll taxes | $571,356 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,049 |
| Fees for services: Accounting | $55,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $61,321 |
| Advertising and promotion | $27,789 |
| Office expenses | $78,218 |
| Information technology | $289,712 |
| Royalties | $0 |
| Occupancy | $1,034,771 |
| Travel | $5,267 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,339 |
| Interest | $447,912 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,672,586 |
| Insurance | $82,348 |
| All other expenses | $659,866 |
| Total functional expenses | $18,080,135 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,786,479 |
| Savings and temporary cash investments | $3,348,391 |
| Pledges and grants receivable | $3,175,883 |
| Accounts receivable, net | $19,305 |
| 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 | $540,590 |
| Net Land, buildings, and equipment | $23,084,410 |
| Investments—publicly traded securities | $42,910,052 |
| Investments—other securities | $7,116,225 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $82,981,335 |
| Accounts payable and accrued expenses | $1,465,832 |
| Grants payable | $0 |
| Deferred revenue | $1,410,724 |
| Tax-exempt bond liabilities | $11,112,087 |
| 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 | $220,323 |
| Total liabilities | $14,208,966 |
| Net assets without donor restrictions | $40,810,794 |
| Net assets with donor restrictions | $27,961,575 |
| 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 | $82,981,335 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Lexington School Inc has recieved totaling $31,050.
| Awarding Organization | Amount |
|---|---|
W T Young Family Foundation Inc Lexington, KY PURPOSE: SUBSIDY | $25,000 |
Christian Word Ministries Inc Lexington, KY PURPOSE: SUPPORT | $5,400 |
Hep Foundation Lexington, KY PURPOSE: GENERAL PURPOSE | $650 |
Endowment Analysis
| Beg. Balance | $37,387,073 |
| Earnings | $12,660,821 |
| Net Contributions | $2,516,678 |
| Other Expense | $4,206,893 |
| Ending Balance | $48,357,679 |
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 |