Lamar School Foundation
- Assets
- $10.8m
- Revenue
- $7.3m
- Investments
- $0.0
- Employees
- 149
- Location
- Meridian, MS
- Founding
- 05/1983
- Data as of
- 05/2023
- 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 05/2023, Lamar School Foundation employed 149 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 05/2023, Lamar School Foundation generated $7.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $6.1m during the year ending 05/2023. While expenses have increased by 2.3% 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
2023
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 |
|---|---|---|---|
Anthony Pritchard Director | Trustee | 15 | $0 |
Isa Hall Director | Trustee | 15 | $0 |
John Aldridge Director | Trustee | 15 | $0 |
Matt Cassell Director | Trustee | 15 | $0 |
Paula Morgan Director | Trustee | 15 | $0 |
Brandon Dunn Vice President | Officer | 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 | $933,933 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $933,933 |
| Total Program Service Revenue | $6,040,564 |
| Investment income | $10,918 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$2,974 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $18,176 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,258,054 |
| 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 | $3,117,351 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $59,526 |
| Other employee benefits | $0 |
| Payroll taxes | $226,851 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $580,679 |
| Advertising and promotion | $7,114 |
| Office expenses | $80,872 |
| Information technology | $112,551 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $55,668 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $19,462 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $391,828 |
| Insurance | $108,020 |
| All other expenses | $172,156 |
| Total functional expenses | $6,144,657 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $738,994 |
| Savings and temporary cash investments | $823,189 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,374,683 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $18,112 |
| Prepaid expenses and deferred charges | $19,327 |
| Net Land, buildings, and equipment | $7,128,320 |
| Investments—publicly traded securities | $547,807 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $103,026 |
| Total assets | $10,753,458 |
| Accounts payable and accrued expenses | $83,628 |
| Grants payable | $0 |
| Deferred revenue | $128,430 |
| 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 | $552,405 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $764,463 |
| Net assets without donor restrictions | $8,997,689 |
| Net assets with donor restrictions | $991,306 |
| 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 | $10,753,458 |