Lamar School Foundation
- Assets
- $9.8m
- Revenue
- $8.4m
- Investments
- $0.0
- Employees
- 134
- Location
- Meridian, MS
- Founding
- 05/1983
- Data as of
- 05/2022
- EIN
- 64-6026543
Organization Overview
Lamar School Foundation is located in Meridian, MS. The organization was established in 1983. 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 05/2022, Lamar School Foundation employed 134 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lamar School Foundation 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 05/2022, Lamar School Foundation generated $8.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $6.2m during the year ending 05/2022. While expenses have increased by 3.7% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A CHALLENGING AND STIMULATING CURRICULUM FOR COLLEGE-BOUND STUDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ADVANCEMENT OF STUDENTS FROM PRE-KINDERGARDEN TO COLLEGE ENTRANCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brandon Dunn Treasurer | Officer | 15 | $0 |
Larkin Kennedy President | Officer | 15 | $0 |
Gerry Mitchell Vice President | Officer | 15 | $0 |
Lj Fruge Secretary | Officer | 15 | $0 |
Isa Hall Director | Trustee | 15 | $0 |
John Mcrae Director | Trustee | 15 | $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 | $482,625 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $482,625 |
| Total Program Service Revenue | $5,751,817 |
| Investment income | $1,026 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $119,750 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,397,951 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,005,748 |
| Pension plan accruals and contributions | $58,885 |
| Other employee benefits | $0 |
| Payroll taxes | $221,956 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $282,381 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $525,901 |
| Advertising and promotion | $5,701 |
| Office expenses | $63,010 |
| Information technology | $242,004 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $75,255 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $25,765 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $374,245 |
| Insurance | $98,601 |
| All other expenses | $168,910 |
| Total functional expenses | $6,194,366 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $509,554 |
| Savings and temporary cash investments | $575,239 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,806,854 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $19,334 |
| Prepaid expenses and deferred charges | $21,748 |
| Net Land, buildings, and equipment | $6,409,621 |
| Investments—publicly traded securities | $456,612 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,595 |
| Total assets | $9,820,557 |
| Accounts payable and accrued expenses | $230,663 |
| Grants payable | $0 |
| Deferred revenue | $100,038 |
| 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 | $614,258 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $944,959 |
| Net assets without donor restrictions | $7,890,853 |
| Net assets with donor restrictions | $984,745 |
| 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 | $9,820,557 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Lamar School Foundation has recieved totaling $38,597.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of East Mississippi Inc Meridian, MS PURPOSE: GENERAL SUPPORT | $20,500 |
The Larry Payne Foundation Hattiesburg, MS PURPOSE: EDUCATIONAL SUPPORT | $9,872 |
Anderson Support And Development Foundation Inc Meridian, MS PURPOSE: HEALTH INITIATIVEHEALTH INITIATIVEHEALTH INITIATIVE | $8,225 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jackson Academy Inc Jackson, MS | $38,072,523 | $26,664,882 |
Community Academies Of New Orleans Inc New Orleans, LA | $3,607,282 | $19,811,905 |
Randolph School Huntsville, AL | $69,168,210 | $21,425,432 |
Republic Schools Nashville Nashville, TN | $31,048,580 | $24,002,902 |
Christian Academy Of Knoxville Inc Knoxville, TN | $16,374,308 | $19,411,697 |
Cornerstone Academy Inc Morristown, TN | $83,376,022 | $25,507,605 |
Madison-Ridgeland Academy Madison, MS | $29,135,034 | $17,543,993 |
French & Montessori Education Inc New Orleans, LA | $8,632,060 | $13,354,447 |
Jackson Preparatory School Foundation Flowood, MS | $34,520,823 | $13,506,149 |
Oak Hill School Nashville, TN | $26,162,856 | $13,591,282 |
Arise Academy New Orleans, LA | $3,784,290 | $13,860,913 |
Bayside Academy Inc Daphne, AL | $24,736,797 | $13,712,687 |