Leman Classical School
- Assets
- $8.6m
- Revenue
- $10.5m
- Investments
- $0.0
- Employees
- 101
- Location
- Parker, CO
- Founding
- 03/2017
- Data as of
- 06/2022
- EIN
- 81-1263925
Organization Overview
Leman Classical School is located in Parker, CO. The organization was established in 2017. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Leman Classical School employed 101 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leman Classical 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, Leman Classical School generated $10.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 22.2% each year . All expenses for the organization totaled $9.3m during the year ending 06/2022. While expenses have increased by 12.3% per year over the past 4 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZED AND OPERATED EXCLUSIVELY FOR EDUCATIONAL PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Edwards Principal | Officer | 40 | $100,821 |
Victoria Hostin Officer | OfficerTrustee | 10 | $0 |
Greg Pritchard Officer | OfficerTrustee | 1 | $0 |
Barry Arrington Officer | OfficerTrustee | 1 | $0 |
Patrice Batchelor Officer | OfficerTrustee | 1 | $0 |
Stacey Thomas Officer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Faustus Management Company Llc Management Services | 6/29/22 | $935,559 |
Vanguard Cleaning Contract | 6/29/22 | $192,277 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $406,393 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $406,393 |
| Total Program Service Revenue | $9,994,552 |
| Investment income | $0 |
| 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 | $10,462,353 |
| 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. | $128,036 |
| Compensation of current officers, directors, key employees. | $32,009 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,254,580 |
| Pension plan accruals and contributions | $996,729 |
| Other employee benefits | $148,537 |
| Payroll taxes | $53,730 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,626 |
| Fees for services: Accounting | $34,101 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,575,373 |
| Advertising and promotion | $5,451 |
| Office expenses | $32,048 |
| Information technology | $56,662 |
| Royalties | $0 |
| Occupancy | $1,972,437 |
| Travel | $2,278 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,042 |
| Insurance | $158,294 |
| All other expenses | $14,862 |
| Total functional expenses | $9,302,981 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,483,678 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $86,485 |
| 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 | $0 |
| Net Land, buildings, and equipment | $31,837 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,036,228 |
| Total assets | $8,638,228 |
| Accounts payable and accrued expenses | $354,279 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,676,666 |
| Total liabilities | $8,030,945 |
| Net assets without donor restrictions | $292,283 |
| Net assets with donor restrictions | $315,000 |
| 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 | $8,638,228 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arizona Community Development Corporation Tucson, AZ | $20,473,547 | $20,902,974 |
Academy Of Math & Science Inc Tucson, AZ | $35,777,199 | $18,613,878 |
Windsor Charter Academy Windsor, CO | $36,625,608 | $15,987,871 |
Science Technology Engineering And Math Stem High School Highlands Ranch, CO | $15,587,452 | $17,872,586 |
Stargate Charter School Thornton, CO | $19,773,978 | $21,738,033 |
Syracuse Arts Academy Inc Syracuse, UT | $37,683,088 | $15,500,034 |
Legacy Traditional School-Surprise Chandler, AZ | $32,091,284 | $16,357,315 |
American Leadership Academy Inc Spanish Fork, UT | $40,999,211 | $16,702,602 |
Chavez Huerta K-12 Preparatory Academy Pueblo, CO | $45,291,290 | $14,740,819 |
Liberty Tradition Charter School Phoenix, AZ | $15,402,752 | $15,178,313 |
Excelsior Academy Erda, UT | $21,101,376 | $14,135,210 |
Ascent Classical Academy Charter Schools Inc Golden, CO | $7,199,247 | $14,781,015 |