Totals
- Total revenue
- $10,457,400
- Total expenses
- $10,393,420
- Contributions and grants received
- $1,750,789
- Grants paid
- $0
- Program service revenue
- $8,261,486
- Investment income
- $230,165
- Other revenue
- $214,960
- Total assets, end of year
- $22,518,622
- Total liabilities, end of year
- $10,840,293
- Net assets or fund balances, end of year
- $11,678,329
- Program services expenses (Part IX)
- $7,235,933
- Management and general expenses
- $2,661,337
- Fundraising expenses
- $496,150
- Program service expenses (Part III)
- $7,235,933
Program services were 69.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$1,750,789
-
1g · Noncash contributions included above
$19,269
-
2a · Program service revenue: MATRICULATION FEES
total $56,600 · related or exempt $56,600
-
2b · Program service revenue: TUITION
total $8,204,886 · related or exempt $8,204,886
-
3 · Investment income
total $230,165 · excluded $230,165
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$34,968
-
10c · Net income from sales of inventory
total $34,968 · related or exempt $34,968
-
11a · Other revenue: OTHER REVENUE
total $179,992 · related or exempt $179,992
-
11e · Other revenue, total
$179,992
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $745,936 · program services $554,556 · management and general $166,648 · fundraising $24,732
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $4,929,319 · program services $3,664,634 · management and general $1,101,250 · fundraising $163,435
-
8 · Pension plan contributions
total $96,427 · program services $71,624 · management and general $21,598 · fundraising $3,205
-
9 · Other employee benefits
total $873,739 · program services $648,013 · management and general $196,741 · fundraising $28,985
-
10 · Payroll taxes
total $412,412 · program services $306,381 · management and general $92,328 · fundraising $13,703
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $19,350 · management and general $19,350
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $7,849 · management and general $7,849
-
11g · Fees: other
total $19,922 · management and general $19,922
-
12 · Advertising and promotion
total $86,469 · management and general $86,469
-
13 · Office expenses
total $265,763 · program services $235,064 · management and general $30,699
-
14 · Information technology
total $201,454 · program services $145,519 · management and general $55,935
-
15 · Royalties
total $0
-
16 · Occupancy
total $1,238,683 · program services $581,235 · management and general $657,448
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $33,054 · program services $27,411 · management and general $5,643
-
23 · Insurance
total $144,803 · program services $9,002 · management and general $135,801
-
24a · Other expenses: STUDENT ACTIVITIES
total $633,926 · program services $633,926
-
24b · Other expenses: AUXILARY GROUPS
total $302,730 · program services $129,022 · fundraising $173,708
-
24c · Other expenses: ACADEMIC EXPENSE
total $108,472 · program services $108,472
-
24d · Other expenses: FUNDRAISING
total $88,382 · fundraising $88,382
-
24e · All other expenses
total $184,730 · program services $121,074 · management and general $63,656
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $344,833 · end of year $397,402
-
2 · Savings and temporary cash investments
beginning of year $6,655,202 · end of year $6,834,218
-
3 · Pledges and grants receivable
beginning of year $307,377 · end of year $0
-
4 · Accounts receivable
beginning of year $2,396,263 · end of year $2,915,042
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
beginning of year $56,968 · end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $67,593
-
10a · Land, buildings and equipment: cost or other basis
$1,023,839
-
10b · Land, buildings and equipment: accumulated depreciation
$897,575
-
10c · Land, buildings and equipment, net
beginning of year $88,774 · end of year $126,264
-
11 · Investments: publicly traded securities
beginning of year $2,780,761 · end of year $3,511,882
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $7,800,414 · end of year $8,666,221
-
17 · Accounts payable and accrued expenses
beginning of year $306,642 · end of year $723,642
-
19 · Deferred revenue
end of year $9,271,651
-
23 · Secured mortgages and notes payable
end of year $845,000
-
25 · Other liabilities
beginning of year $9,025,256
-
27 · Net assets without donor restrictions
beginning of year $9,121,086 · end of year $11,315,230
-
28 · Net assets with donor restrictions
beginning of year $1,977,608 · end of year $363,099
Mission and programs · 2022
Mission
Lakehill Preparatory School guides motivated students to learn with curiosity, lead with confidence, and serve with compassion. Our challenging and nurturing educational community inspires students to become collaborative problem-solvers who live with integrity.
-
PRIVATE COLLEGE PREPARATORY SCHOOL TEACHING GRADES K-12
Expenses $7,235,933 · Revenue $8,261,486
As filed on the 2022 return.
Listed in Part VII
-
Arthur N HallARTHUR N HALL
HEAD OF SCHOOL
- Total calculated
- $357,247
- From this org
- $315,766
- From related orgs
- $0
- Other
- $41,481
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $280,500
- Bonus
- $17,000
- Other
- $18,266
- Deferred
- $11,470
- Nontaxable benefits
- $30,011
- Filer's total
- $357,247
-
Bruce McCoskeyBRUCE MCCOSKEY
CFO
- Total calculated
- $198,869
- From this org
- $180,835
- From related orgs
- $0
- Other
- $18,034
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $169,500
- Bonus
- not reported
- Other
- $11,335
- Deferred
- $5,085
- Nontaxable benefits
- $12,949
- Filer's total
- $198,869
-
Patti Frullo-Thru 72023PATTI FRULLO-THRU 72023
ASST HEAD OF SC
- Total calculated
- $189,820
- From this org
- $171,921
- From related orgs
- $0
- Other
- $17,899
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $165,000
- Bonus
- not reported
- Other
- $6,921
- Deferred
- $4,950
- Nontaxable benefits
- $12,949
- Filer's total
- $189,820
-
Roger L PerryROGER L PERRY
FOR HEAD OF SCH
- Total calculated
- $164,600
- From this org
- $164,600
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $99,600
- Bonus
- not reported
- Other
- $65,000
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $164,600
-
David YanesDAVID YANES
E.D. OF SCHOOL OPS
- Total calculated
- $144,268
- From this org
- $127,475
- From related orgs
- $0
- Other
- $16,793
- Hours/week
- 40
-
BOB YTTREDAHL-thru 52023
HEAD OF UP SCHOOL
- Total calculated
- $130,669
- From this org
- $116,520
- From related orgs
- $0
- Other
- $14,149
- Hours/week
- 40
-
Kimberly Kaye HauschildKIMBERLY KAYE HAUSCHILD
HEAD OF MID SCHOOL
- Total calculated
- $128,319
- From this org
- $115,370
- From related orgs
- $0
- Other
- $12,949
- Hours/week
- 40
-
Katherine L NickellKATHERINE L NICKELL
DIRECTOR OF WELLNE
- Total calculated
- $118,738
- From this org
- $102,789
- From related orgs
- $0
- Other
- $15,949
- Hours/week
- 40
-
Heather CliftHEATHER CLIFT
COLLEGE ADMISSIONS
- Total calculated
- $107,333
- From this org
- $104,528
- From related orgs
- $0
- Other
- $2,805
- Hours/week
- 40
-
Michael KarnoMICHAEL KARNO
Director
- Total calculated
- $0
- Hours/week
- 1
-
James PerryJAMES PERRY
Chairman
- Total calculated
- $0
- Hours/week
- 5
-
Hardmon WilliamsHARDMON WILLIAMS
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Karen OwenKAREN OWEN
Treasurer
- Total calculated
- $0
- Hours/week
- 5
-
Katie LavieKATIE LAVIE
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Marc ArmentroutMARC ARMENTROUT
Director
- Total calculated
- $0
- Hours/week
- 1
-
Bradley BartholowBRADLEY BARTHOLOW
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jarrod BassmanJARROD BASSMAN
Director
- Total calculated
- $0
- Hours/week
- 1
-
Travis BoothTRAVIS BOOTH
Director
- Total calculated
- $0
- Hours/week
- 1
-
Ross CrumROSS CRUM
Director
- Total calculated
- $0
- Hours/week
- 1
-
Angela DegeyterANGELA DEGEYTER
Director
- Total calculated
- $0
- Hours/week
- 1
-
Rodney GadsdenRODNEY GADSDEN
Director
- Total calculated
- $0
- Hours/week
- 1
-
Andrea JohnstonANDREA JOHNSTON
Director
- Total calculated
- $0
- Hours/week
- 1
-
Michael MarvinMICHAEL MARVIN
Director
- Total calculated
- $0
- Hours/week
- 1
-
Colleen McCallCOLLEEN MCCALL
Director
- Total calculated
- $0
- Hours/week
- 1
-
Bill ReisterBILL REISTER
Director
- Total calculated
- $0
- Hours/week
- 1
-
Brad RobinsonBRAD ROBINSON
Director
- Total calculated
- $0
- Hours/week
- 1
-
Granger ScruggsGRANGER SCRUGGS
Director
- Total calculated
- $0
- Hours/week
- 1
-
Toby ShookTOBY SHOOK
Director
- Total calculated
- $0
- Hours/week
- 1
-
Matthew TrentMATTHEW TRENT
Director
- Total calculated
- $0
- Hours/week
- 10
-
Jeff WeiserJEFF WEISER
Director
- Total calculated
- $0
- Hours/week
- 1
-
Sherry BartholowSHERRY BARTHOLOW
ADVISORY BOARD
- Total calculated
- $0
- Hours/week
- 0.5
-
Michael DulanMICHAEL DULAN
ADVISORY BOARD
- Total calculated
- $0
- Hours/week
- 0.5
-
Ronald GaffordRONALD GAFFORD
ADVISORY BOARD
- Total calculated
- $0
- Hours/week
- 0.5
-
Beverly GodbeyBEVERLY GODBEY
ADVISORY BOARD
- Total calculated
- $0
- Hours/week
- 0.5
-
Martha HulseMARTHA HULSE
ADVISORY BOARD
- Total calculated
- $0
- Hours/week
- 0.5
-
Tim MackTIM MACK
ADVISORY BOARD
- Total calculated
- $0
- Hours/week
- 0.5
-
Erle NyeERLE NYE
ADVISORY BOARD
- Total calculated
- $0
- Hours/week
- 0.5
-
Brent RosenthalBRENT ROSENTHAL
ADVISORY BOARD
- Total calculated
- $0
- Hours/week
- 0.5
-
Robert WolfROBERT WOLF
ADVISORY BOARD
- Total calculated
- $0
- Hours/week
- 0.5
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · First-class or charter travel
- 1a · Travel for companions
- 1a · Discretionary spending account
- 1a · Health or social club dues or initiation fees
- 3 · Compensation committee
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Part I, Line 1a: Relevant information in regards to selections on 1a.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(3) · REAL ESTATE HOLDING · TX
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 6 June 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431589349300218
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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