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← LAUSANNE COLLEGIATE SCHOOL

Form 990 for tax year 2022

Filed by LAUSANNE COLLEGIATE SCHOOL.

Totals

Total revenue
$26,954,686
Total expenses
$25,845,186
Contributions and grants received
$567,359
Grants paid
$3,693,494
Program service revenue
$26,080,347
Investment income
$312,532
Other revenue
-$5,552
Total assets, end of year
$29,065,874
Total liabilities, end of year
$4,248,276
Net assets or fund balances, end of year
$24,817,598
Program services expenses (Part IX)
$22,102,185
Management and general expenses
$3,146,781
Fundraising expenses
$596,220
Program service expenses (Part III)
$22,102,185

Program services were 85.5% 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

    $567,359

  • 2a · Program service revenue: TUITION AND FEES

    total $23,482,479 · related or exempt $23,482,479

  • 2b · Program service revenue: CAFETERIA

    total $1,238,708 · related or exempt $1,238,708

  • 2c · Program service revenue: AUXILLARY

    total $997,921 · related or exempt $997,921

  • 2d · Program service revenue: SUMMER PROGRAM

    total $361,239 · related or exempt $361,239

  • 3 · Investment income

    total $314,092 · excluded $314,092

  • 7a · Gross sales of assets other than inventory

    securities $295,032

  • 7b · Less cost or other basis and sales expenses

    securities $296,592

  • 7c · Gain or loss

    securities -$1,560

  • 7d · Net gain or loss

    total -$1,560 · excluded -$1,560

  • 8b · Fundraising events: direct expenses

    $5,552

  • 8c · Net income from fundraising events

    total -$5,552 · excluded -$5,552

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $3,693,494 · program services $3,693,494

  • 5 · Compensation of officers, directors and key employees

    total $668,814 · program services $557,122 · management and general $96,309 · fundraising $15,383

  • 7 · Other salaries and wages

    total $10,594,560 · program services $8,853,997 · management and general $1,499,014 · fundraising $241,549

  • 8 · Pension plan contributions

    total $418,114 · program services $348,289 · management and general $60,208 · fundraising $9,617

  • 9 · Other employee benefits

    total $1,890,860 · program services $1,575,109 · management and general $273,312 · fundraising $42,439

  • 10 · Payroll taxes

    total $845,938 · program services $704,666 · management and general $121,815 · fundraising $19,457

  • 11b · Fees: legal

    total $56,709 · management and general $56,709

  • 11c · Fees: accounting

    total $57,815 · management and general $57,815

  • 11f · Fees: investment management

    total $2,984 · management and general $2,984

  • 11g · Fees: other

    total $182,248 · management and general $55,147 · fundraising $127,101

  • 12 · Advertising and promotion

    total $243,865 · program services $4,235 · management and general $153,415 · fundraising $86,215

  • 13 · Office expenses

    total $366,649 · program services $160,687 · management and general $184,192 · fundraising $21,770

  • 16 · Occupancy

    total $381,630 · program services $331,434 · management and general $48,845 · fundraising $1,351

  • 17 · Travel

    total $197,496 · program services $189,644 · management and general $6,494 · fundraising $1,358

  • 20 · Interest

    total $2,369 · program services $2,324 · management and general $36 · fundraising $9

  • 22 · Depreciation, depletion and amortization

    total $1,463,831 · program services $1,436,019 · management and general $21,957 · fundraising $5,855

  • 23 · Insurance

    total $221,169 · program services $216,966 · management and general $3,318 · fundraising $885

  • 24a · Other expenses: CONTRACT LABOR & SERVIC

    total $1,776,390 · program services $1,560,071 · management and general $215,018 · fundraising $1,301

  • 24b · Other expenses: MATERIAL & SUPPLIES

    total $861,138 · program services $758,854 · management and general $101,875 · fundraising $409

  • 24c · Other expenses: MAINTENANCE EXPENSE

    total $651,258 · program services $625,384 · management and general $23,721 · fundraising $2,153

  • 24d · Other expenses: FOOD EXPENSE

    total $617,213 · program services $615,228 · management and general $1,985 · fundraising $0

  • 24e · All other expenses

    total $650,642 · program services $468,662 · management and general $162,612 · fundraising $19,368

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $454,769 · end of year $263,445

  • 2 · Savings and temporary cash investments

    beginning of year $3,887,598 · end of year $7,060,245

  • 3 · Pledges and grants receivable

    beginning of year $313,871 · end of year $285,378

  • 4 · Accounts receivable

    beginning of year $307,189 · end of year $211,366

  • 8 · Inventories for sale or use

    beginning of year $44,918 · end of year $51,190

  • 9 · Prepaid expenses and deferred charges

    beginning of year $240,179 · end of year $332,326

  • 10a · Land, buildings and equipment: cost or other basis

    $46,018,366

  • 10b · Land, buildings and equipment: accumulated depreciation

    $27,516,490

  • 10c · Land, buildings and equipment, net

    beginning of year $19,409,217 · end of year $18,501,876

  • 11 · Investments: publicly traded securities

    beginning of year $1,560,394 · end of year $1,579,456

  • 15 · Other assets

    beginning of year $704,250 · end of year $780,592

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,908,889 · end of year $2,124,347

  • 19 · Deferred revenue

    beginning of year $1,158,437 · end of year $1,193,624

  • 25 · Other liabilities

    beginning of year $117,754 · end of year $930,305

  • 27 · Net assets without donor restrictions

    beginning of year $22,695,001 · end of year $23,700,512

  • 28 · Net assets with donor restrictions

    beginning of year $1,042,304 · end of year $1,117,086

Mission and programs · 2022

Mission

TO PREPARE EACH OF ITS STUDENTS FOR COLLEGE AND FOR LIFE IN A GLOBAL ENVIRONMENT

  • PROVIDE EDUCATIONAL SERVICES FOR STUDENTS (PRESCHOOL THROUGH GRADE 12)

    Expenses $20,705,069 · Grants $3,693,494 · Revenue $24,721,187

  • CAMP: SUMMER PROGRAMS TO PROVIDE EDUCATIONAL AND ATHLETIC SERVICES TO CHILDREN DURING THE SUMMER MONTHS.

    Expenses $266,528 · Revenue $361,239

  • AFTERCARE: PROVIDE EDUCATIONAL AND ATHLETIC SERVICES TO CHILDREN DURING AFTER SCHOOL HOURS UNTIL 6 PM.

    Expenses $1,130,588 · Revenue $997,921

As filed on the 2022 return.

Listed in Part VII

  • MIKE DERRICK

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • SCOTT DAWSON

    VP/FINANCE COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • LAWSON ARNEY

    VP/DEVELOPMENT COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • REBECCA BELZ

    VP/SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • MAX ALDRICH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BRIAN CAMPBELL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOE DEVIVO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ERIN EVERITT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ELEANOR FRENCH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • PETER HEIST

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DOMINGO HURTADO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • TOM KADIEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ESPERANZA KING DE NEGLIA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RICHARD PAESSLER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • REBECCA SCHULTER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KUSH SHAH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • GLENN SIGLER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • AMY BARNES WRIGHT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • STUART MCCATHIE

    HEADMASTER

    Total calculated
    $508,162
    From this org
    $453,662
    From related orgs
    $0
    Other
    $54,500
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $453,662
    Bonus
    $0
    Other
    $0
    Deferred
    $24,000
    Nontaxable benefits
    $30,500
    Filer's total
    $508,162

  • TROY GRAHAM

    BUSINESS MANAGER

    Total calculated
    $157,373
    From this org
    $135,921
    From related orgs
    $0
    Other
    $21,452
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,921
    Bonus
    $0
    Other
    $0
    Deferred
    $8,425
    Nontaxable benefits
    $13,027
    Filer's total
    $157,373

  • GREG GRABER

    DIRECTOR OF SOCIAL/EMOTNL

    Total calculated
    $126,279
    From this org
    $117,636
    From related orgs
    $0
    Other
    $8,643
    Hours/week
    40

  • STUART DUNSTER

    HEAD OF UPPER SCHOOL

    Total calculated
    $173,833
    From this org
    $113,283
    From related orgs
    $0
    Other
    $60,550
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $113,283
    Bonus
    $0
    Other
    $0
    Deferred
    $7,019
    Nontaxable benefits
    $53,531
    Filer's total
    $173,833

  • CHARLOTTE ALBERTSON

    DIRECTOR OF DEVELOPMENT AND COMMUNITY ENGAGEMENT

    Total calculated
    $137,008
    From this org
    $112,791
    From related orgs
    $0
    Other
    $24,217
    Hours/week
    40

  • KEVIN LOCASTRO

    DIRECTOR OF ATHLETICS

    Total calculated
    $134,765
    From this org
    $107,030
    From related orgs
    $0
    Other
    $27,735
    Hours/week
    40

  • KARA BARBOUR

    HEAD OF LOWER SCHOOL

    Total calculated
    $120,983
    From this org
    $106,414
    From related orgs
    $0
    Other
    $14,569
    Hours/week
    40

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

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
15 April 2024
IRS schema version
2022v5.0
Source object
202431069349302243

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