Lexington Latin School Foundation Inc
- Assets
- $2.3m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Nicholasville, KY
- Founding
- Data as of
- 06/2022
- EIN
- 85-1984439
Organization Overview
Lexington Latin School Foundation Inc is located in Nicholasville, KY. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lexington Latin School Foundation 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 06/2022, Lexington Latin School Foundation Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 35.4% each year . All expenses for the organization totaled $1.5m during the year ending 06/2022. While expenses have increased by 34.1% per year over the past 2 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING AN AFFORDABLY PRICED CLASSICAL EDUCATION FOR JR. KINDERGARTEN THROUGH GRADE 12.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sherman Davis Director | 1 | $0 | |
Wanda Davis Director | 0 | $0 | |
Cassandra Corbett Director | 10 | $19,667 | |
Jeremy Corbett Director | 1 | $0 | |
Jennifer Hagerman Director | 25 | $24,095 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,888 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,859,396 |
| Total Revenue | $1,863,284 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $43,762 |
| Other employee salaries and wages | $597,419 |
| Pension plans, employee benefits | $62,342 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $93,745 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $673,969 |
| Total operating and administrative expenses | $1,499,850 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,499,850 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $667,749 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $1,624,048 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,217 |
| Total assets | $2,293,014 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $1,734,074 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $13,250 |
| Total liabilities | $1,747,324 |