2022-04-14T12:57:59-05:00 2021-06-30 204193611 Batts Morrison Wales & Lee PA 801 North Orange Avenue Suite 800 Orlando FL 32801 990 2020-07-01 590624431 Lake Highland Preparatory School Inc LAKE 4072061900 901 Highland Avenue Orlando FL 32803 Jessie Martinez CFO 4072061900 2022-04-06 1 Jessie Martinez 999009999 Kaylyn A Varnum P01691975 4077706000 2022-04-06 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z X Jessie Martinez 901 Highland Avenue Orlando FL 32803 48942105 0 X www.lhps.org X 1941 FL Instilling Christian values, inspiring patriotism, developing future leaders & preparing students 17 15 556 250 0 0 1911462 7405943 40611093 39980471 473294 187591 842182 666866 43838031 48240871 0 1703013 0 0 26971673 28163645 0 0 630088 16459459 17411428 43431132 47278086 406899 962785 74878792 77318236 43629104 44108152 31249688 33210084 X Within an atmosphere of love, concern and mutual respect, Lake Highland Preparatory School, Inc. is committed to instilling Christian values, to inspiring patriotism, to developing future leaders, and to preparing students for college and lifetime learning through academically challenging programs and affirming competitive experiences. 0 0 36744626 36305872 Instructional and Student Activities:Approximately 1,970 students are enrolled from pre-kindergarten through 12th grade. The school-wide pupil ratio is 1 to 12. The School promotes spiritual, personal, athletic, and social development in addition to meeting the academic needs of its students with a planned program of excellence from pre-kindergarten through 12th grade. Lake Highland seeks to provide a comprehensive, enriching education that will enable students to continue their academic studies successfully at the college level. These goals are achieved through a diversified curriculum, small class size, and personalized instruction. 3161401 1703013 3674599 Auxiliary Activities:Auxiliary activities include the athletic department, admissions testing, and yearbook production and sales. These activities enhance Lake Highland's exempt mission of promoting the spiritual, personal, athletic and social development of students in addition to meeting their academic needs. 39906027 1 1 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 1 1 0 0 0 0 0 1 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 1 1 0 0 1 158 1 1 556 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 17 15 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X Jessie Martinez 4072061900 901 North Highland Avenue Orlando FL 32803 Jeffrey Deery Chairman/Trustee 2.00 0.10 X X 0 0 0 Greg Ramsby Vice-Chairman/Trustee 2.00 0.85 X X 0 0 0 Sarah Overmeyer Secretary/Trustee 2.00 0.10 X X 0 0 0 Sarita Shah Treasurer/Trustee 1.50 0.20 X X 0 0 0 Grant Hill Trustee 0.75 X 0 0 0 Matthew Knight Trustee 1.25 X 0 0 0 David Lamm Trustee 3.75 0.10 X 0 0 0 Derek Lewis Trustee 1.00 0.10 X 0 0 0 Kalani Meffe Trustee 1.00 X 0 0 0 Dr Denise Nicholson Trustee 0.50 0.10 X 0 0 0 Tim Seneff Trustee 0.75 X 0 0 0 Scott Skidelsky Trustee 2.00 X 0 0 0 David Yergey Jr Trustee 1.75 X 0 0 0 Brooke Myers Trustee 1.00 X 0 0 0 Quino Martinez Trustee 0.50 X 0 0 0 Grant Heston Trustee 1.00 X 0 0 0 Dr Grant Cornwell Trustee (began 07/2020) 1.50 X 0 0 0 Alfred Harms President 35.00 0.20 X 392343 0 144648 James W Bartlett CFO/Vice President (ended 06/2021) 35.00 1.10 X 236666 0 43829 Susan B Clayton VP of Advancement 35.00 X 193150 0 38546 Derek Daly Director of Upper School 35.00 X 150231 0 57394 John W Nelund Controller 35.00 X 123437 0 24930 Michael Curley III Varsity Coach 35.00 X 128372 0 32817 Deborah P DeLoach Director of Lower School 35.00 X 125233 0 20873 Seymour A Mintzer Chief Human Resources Offi 35.00 X 116507 0 64465 Dustin C Bowlin Director of Middle School 35.00 X 142698 0 24202 1608637 0 451704 18 0 1 0 Florida Cleaning Systems Inc 624 Douglas Avenue Suite 1420 Altamonte Springs FL 32714 Cleaning services 594681 Tip Top Roofing Company Inc PO Box 941959 Maitland FL 32794 Roof repair services 569422 Paul Lynch Enterprises Inc 35922 Willow Way Eustis FL 32736 Construction services 547615 Ricoh USA Inc PO Box 532530 Atlanta GA 30353 Copier and mailing services 494475 Aire Tech Mechanical Services Inc 5507 Force Four Parkway Orlando FL 32839 Repair and maintenance services 358952 11 157621 4864100 2384222 145344 7405943 Tuition & fees 611710 36393096 36393096 Auxiliary activities 611710 2747972 2747972 Finance charges 525990 502406 502406 Aftercare 611710 193173 193173 Student Activities 611710 143824 143824 39980471 187591 187591 20278 0 20278 20278 20278 119069 12130 106939 106939 38310 11453 26857 26857 926627 677651 248976 248976 Other revenue 900099 263816 263816 263816 48240871 39980471 0 854457 1703013 1703013 1349801 394786 720247 234768 145287 95742 9585 39960 19952332 17480855 2293982 177495 1728920 1545459 183461 3370299 2966775 403524 1617006 1385479 231527 211014 211014 103523 103523 1117280 325565 791715 218883 35145 5873 177865 129159 114055 15104 940375 805730 134645 645133 552761 92372 3659808 3135331 524477 490725 420462 70263 Maintenance & repairs 4604289 3945036 659253 General operating 2565237 2273831 291406 Student activities 1703646 1703646 Athletics 1022356 1022356 47278086 39906027 6741971 630088 17434610 18586728 369308 920048 98635 38241 271538 163666 819091 786951 85759701 43811434 42572805 41948267 37421 43922 13275384 14830413 74878792 77318236 7345459 9065491 7715822 11999592 27714100 23043069 853723 0 43629104 44108152 X 23954631 23272494 7295057 9937590 31249688 33210084 74878792 77318236 X 962785 -177393 1175004 X X 0 1 X 1 0 X 843346 1898980 950539 1911462 7405943 13010270 843346 1898980 950539 1911462 7405943 13010270 335863 12674407 236615 378058 561063 524299 207869 1907904 2203606 1755986 2318855 1412401 1347822 9038670 23956844 197588979 0.52910 0.35010 X Schedule A, Part II: The Organization is completing the 509(a)(1) Test at Schedule A, Part II, to allow it to qualify for the special rule for Schedule B reporting, in accordance with the Schedule A instructions. Part II, Section B, Line 10: Other income includes miscellaneous income, sales of inventory, income from fundraising events, and income from gaming activities. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9204948 243942 1496908 157621 9189089 8958764 70833 332691 157341 9204948 8174520 413401 508142 137299 8958764 7934964 77661 292671 130777 8174520 6800922 828752 375594 70304 7934964 0.51870 0.34980 0.13150 0 1 1 4311207 4311207 50721333 24340672 26380661 15390361 10341772 5048590 15336800 9128990 6207809 41948267 Assets held by Lake Highland Preparatory School Foundation, Inc. 6707702 Unamortized bond issuance costs 628847 Due from OS Complex, Inc. 2299706 Beneficial interest in Foundation 5194158 14830413 Part V, Line 4: The Organization's endowment funds are held by a related entity, Lake Highland Preparatory School Foundation, Inc. The endowment funds are intended to be used to support the Organization's Christian ministries, teachers, Edison program (special education) and debate program. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Schedule E, Part I, Line 3 It is posted on Lake Highland Preparatory School's website at: www.lhps.org. Virtual Auction 114460 114460 9926 Fashion Week 4609 4609 2204 0 119069 119069 12130 12130 106939 38310 7500 3953 1 1.00000 38310 7500 3953 11453 26857 FL 0 The Organization conducts raffles infrequently in connection with certain fundraising events. The Organization works with its legal counsel to ensure that applicable state requirements are met. 0 0 0 0.00000 1.00000 Karin Timmer 901 North Highland Avenue Orlando FL 32803 0 Not applicable - activity is conducted by volunteers 0 The raffle activity is conducted entirely by volunteers, who supervise and manage the activity. 0 Part III: During the year, the Organization conducted two raffles at its fundraising events. The raffle activity is infrequent and is conducted entirely by volunteers. The Organization has consulted with its legal counsel regarding the raffle activities to ensure that applicable state requirements have been met with respect to these activities. Part III, Line 11: The Organization does not have members. 0 OS Complex Inc 901 North Highland Ave Orlando FL 32803 263416614 501(c)(3) 1703013 General support 1 0 Part I, Line 2: The Organization made grants only to its supporting organization, OS Complex, Inc. OS Complex, Inc. is controlled by the Organization and operates under common management. As such, no additional monitoring is deemed necessary. X X X X 1 1 X X X X X 1 0 0 0 0 0 0 0 0 Alfred Harms President 386182 0 200 0 5961 0 36520 0 108128 0 536991 0 0 0 James W Bartlett CFO/Vice President (ended 06/2021) 236416 0 200 0 50 0 29882 0 13947 0 280495 0 0 0 Susan B Clayton VP of Advancement 192950 0 200 0 0 0 23270 0 15276 0 231696 0 0 0 Derek Daly Director of Upper School 150031 0 200 0 0 0 17579 0 39815 0 207625 0 0 0 Seymour A Mintzer Chief Human Resources Offi 116257 0 200 0 50 0 13960 0 50505 0 180972 0 0 0 Dustin C Bowlin Director of Middle School 123956 0 0 0 18742 0 13402 0 10800 0 166900 0 0 0 Michael Curley III Varsity Coach 127572 0 200 0 600 0 13560 0 19257 0 161189 0 0 0 Part I, Line 1a The President of the Organization has a discretionary spending account for organization-related expenses and for which documentation is submitted pursuant to the IRS' accountable plan requirements. The President lives in campus housing as a condition of his employment, the value of which is excludible from his taxable wages under Section 119 of the Internal Revenue Code. Social club dues are paid on behalf of the Administrator. The Organization may infrequently provide travel for spouses, where such travel serves a bona fide business purpose. Part I, Line 4a Dusin C. Bowlin left employment in December 2020 and was paid per the terms of his employment contract. A Orange County Industrial Development Auth 591767933 2020-08-03 46550000 Refund prior issue; Campus imp 0 0 0 A 46550000 468852 23318288 22762860 2023 1 0 1 1 A 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 Schedule K, Part I, Bond Issues: (a) Issuer Name: Orange County Industrial Development Authority (e) Permitted full amount of draw down (f) Description of Purpose: Refund prior issuance with Series 2020A Notes; finance campus improvements with Series 2020B Notes Schedule K, Part II, Line 7, Column (A) - an additional amount of $215,745.00 was drawn on the Series 2020B Notes for costs of issuance Schedule K, Part II, Line 10, Column (A) - the Series 2020B Notes were issued on a draw down basis, the outstanding amount is $684,597.29 Schedule K, Part II, Line 11, Column (A) includes proceeds of the Series 2020A Notes spent to refund refunded bonds Steven Nicholson Family relationship with board member 77033 Compensation for employment as a teacher for the Organization 0 Desiree Allison Family relationship with former board member 68255 Compensation for employment as a teacher for the Organization 0 X 3 145344 Fair Market Value 0 0 1 0 Part I, Column (b): The Organization is reporting the number of contributors in column (b). Form 990, Part VI, Section B, line 11b The Organization's top management official and top financial official each review the Form 990 prior to its filing with the IRS. Form 990, Part VI, Section B, line 12c The Organization's conflict of interest policy is distributed to each member of the Organization's governing body, its officers, and its key employees. Each such individual provides a disclosure statement indicating that they have received, read, understood and agreed to comply with the policy, and certifying that: (1) they have no relationships or interests that present a conflict of interest, (2) they have one or more conflicts of interest that have been fully disclosed as required by the policy and have been properly administered in conformity with the policy, or (3) they have previously undisclosed conflicts of interest and disclosing the details of such conflicts. Any disclosure statements with previously undisclosed conflicts of interest are forwarded to appropriate Organization officials to take appropriate actions as required by the policy. Form 990, Part VI, Section B, line 15 An independent committee of the Board of Trustees annually reviews and approves the compensation levels of the Organization's top management official, officers and key employees. The deliberations and decisions of the committee are contemporaneously substantiated. The committee utilizes comparability data in its deliberations; updated comparability data is generally obtained every year. Form 990, Part VI, Section C, line 19 The Organization makes its Articles of Incorporation, bylaws, conflict of interest policy, and financial statements available upon request. Form 990, Part XI, line 9: Change in FMV of Interest Rate Swap 67,723. Change in beneficial interest in Foundation 1,107,281. Form 990, Part XII, line 2c: The Organization's Board of Trustees, or a committee thereof, assumes responsibility for the oversight of the audit of its financial statements and the selection of an independent accountant. This process has not changed from the prior year. Form 990, Part VI, Section A, Line 1a - Use of Executive Committee: The Organization's Executive Committee for the fiscal year ended June 30, 2021 included the following trustees: Jeffrey Deery, Sarita Shah, Dr. Denise Nicholson, Sarah Overmeyer, Gregory Ramsby, and Jay Whitehurst. The scope of the Committee's authority includes the review of the President's report on the financial condition, academic status, enrollment, and personnel employment. The Committee shall concur with the President in his report or make its own recommendation to the Board on the activities of the Organization. The Committee reviews and approves the President's proposed annual budget, which is then submitted to the full Board for review and approval. The Committee also approves the President's compensation and benefits. Lake Highland Preparatory School Foundation Inc 901 North Highland Avenue Orlando FL 32803 200724295 Supporting organization FL 501(c)(3) 509(a)(3) Type I Lake Highland Preparatory School Inc 1 OS Complex Inc 901 North Highland Avenue Orlando FL 32803 263416614 Supporting organization FL 501(c)(3) 509(a)(3) Type II Lake Highland Preparatory School Inc 1 0 1 1 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 Lake Highland Preparatory School Foundation Inc C 157621 Amount Granted OS Complex B 1703013 Amount Granted