2021-04-19T16:34:39-05:00 2020-06-30 204193611 Batts Morrison Wales & Lee PA 801 North Orange Avenue Suite 800 Orlando FL 32801 990 2019-07-01 590624431 Lake Highland Preparatory School Inc LAKE 4072061900 901 North Highland Avenue Orlando FL 32803 James Bartlett CFO/VP 4072061900 2021-04-13 1 Michele M Wales P00428093 4077706000 2021-04-13 2019 2022-09-23 18:48:47Z James Bartlett 901 North Highland Avenue Orlando FL 32803 44459255 0 X www.lhps.org X 1941 FL Instilling Christian values, inspiring patriotism, developing future leaders & preparing students 17 15 590 250 0 0 950539 1911462 40334018 40611093 522779 473294 1448983 842182 43256319 43838031 0 0 0 0 26194098 26971673 0 0 739534 16460325 16459459 42654423 43431132 601896 406899 80065169 74878792 49534095 43629104 30531074 31249688 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 36464976 0 38929469 Instructional and Student Activities:Approximately 1,950 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. 959328 0 1681624 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. 37424304 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 1 1 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 1 1 0 0 1 191 1 1 590 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 James Bartlett 4072061900 901 North Highland Avenue Orlando FL 32803 Dr David Jablonski Chairman/Trustee 3.00 0.10 X X 0 0 0 Jeffrey Deery Vice-Chairman/Trustee 2.00 0.10 X X 0 0 0 Greg Ramsby Treasurer/Trustee 1.00 0.85 X X 0 0 0 Sarah Overmeyer Secretary/Trustee 2.00 0.10 X X 0 0 0 Grant Hill Trustee 1.25 0.00 X 0 0 0 Matthew Knight Trustee 1.75 0.00 X 0 0 0 David Lamm Trustee 0.75 0.10 X 0 0 0 Derek Lewis Trustee 1.00 0.00 X 0 0 0 Kalani Meffe Trustee 1.00 0.00 X 0 0 0 Dr Denise Nicholson Trustee 0.50 0.10 X 0 0 0 Tim Seneff Trustee 0.25 0.00 X 0 0 0 Sarita Shah Trustee 1.00 0.25 X 0 0 0 Scott Skidelsky Trustee 1.50 0.00 X 0 0 0 David Yergey Jr Trustee 1.75 0.00 X 0 0 0 Brooke Myers Trustee (began 07/2019) 1.00 0.00 X 0 0 0 Quino Martinez Trustee (began 07/2019) 1.00 0.00 X 0 0 0 Grant Heston Trustee (began 07/2019) 1.00 0.00 X 0 0 0 Alfred Harms President 35.00 0.00 X 411592 0 137471 James W Bartlett CFO/Vice President 35.00 0.00 X 234045 0 42035 Susan B Clayton VP of Advancement 35.00 0.00 X 192420 0 35442 Derek Daly Director of Upper School 35.00 0.00 X 134076 0 42661 Michael Curley Varsity Coach 35.00 0.00 X 128738 0 31584 Michael Jakubinsin Dir. of Upper School (ended 07/2019) 35.00 0.00 X 218167 0 26115 Deborah P DeLoach Director of Lower School 35.00 0.00 X 140820 0 28085 Seymour A Mintzer Chief Human Resources Officer 35.00 0.00 X 115101 0 32822 1574959 0 376215 21 0 1 0 Florida Cleaning Systems Inc 624 Douglas Avenue Suite 1420 Altamonte Springs FL 32714 Cleaning services 667664 Aire Tech Mechanical Services Inc 5507 Force Four Parkway Orlando FL 32839 Repair and maintenance services 468291 Ricoh USA Inc PO Box 532530 Atlanta GA 30353 Copier and mailing services 382164 Paul Lynch Enterprises Inc 35922 Willow Way Eustis FL 32736 Construction services 327712 Tip Top Roofing Company Inc PO Box 941959 Maitland FL 32794 Roof repair services 315925 13 157341 1754121 472566 1911462 Tuition & fees 611710 38066247 38066247 Auxiliary activities 611710 1681624 1681624 Finance charges 525990 426865 426865 Aftercare 611710 220632 220632 Student Activities 611710 215725 215725 40611093 473294 473294 51005 0 51005 51005 51005 263431 57351 206080 206080 9300 6250 3050 3050 852379 557623 294756 294756 Other revenue 900099 287291 287291 287291 43838031 40611093 0 1315476 1023185 151788 597021 274376 176879 176879 19273229 17195297 1847027 230905 1705057 1557795 147262 3262920 2937724 325196 1530403 1344671 185732 66919 66919 101258 101258 1104635 479245 625390 269529 30995 4281 234253 102495 90056 12439 967252 849864 117388 1254285 1102062 152223 2696851 2369556 327295 242114 212731 29383 Maintenance & repairs 4339116 3812513 526603 General operating 2268858 2066981 201877 Student activities 2003592 2003592 Athletics 1042555 1042555 43431132 37424304 5267294 739534 19437802 17434610 63837 369308 116356 98635 421451 271538 500712 819091 83140479 40567674 40250237 42572805 6161960 37421 13112814 13275384 80065169 74878792 6870645 7345459 17259386 7715822 24170000 27714100 1234064 853723 49534095 43629104 X 24355544 23954631 6175530 7295057 30531074 31249688 80065169 74878792 X 406899 -81105 392820 X X 0 1 X 1 0 X 1184256 843346 1898980 950539 1911462 6788583 1184256 843346 1898980 950539 1911462 6788583 453095 6335488 185556 236615 378058 561063 524299 1885591 1730250 2203606 1755986 2318855 1412401 9421098 18095272 193976179 0.35010 0.36520 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 8958764 70833 332691 157341 9204948 8174520 413401 508142 137299 8958764 7934964 77661 292671 130777 8174520 6800922 828752 375594 70304 7934964 5680041 844664 308983 32766 6800922 0.55600 0.38370 0.06030 0 1 1 4311207 4311207 50721333 23096946 27624387 11906542 9164053 2742489 16201397 8306675 7894722 42572805 Assets held by Lake Highland Preparatory School Foundation, Inc. 6643936 Unamortized bond issuance costs 244865 Due from OS Complex, Inc. 2299706 Beneficial interest in Foundation 4086877 13275384 Interest rate swap liability 853723 853723 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. Boosterthon 146903 146903 35611 Fashion Day 91372 91372 11894 9846 1 25156 25156 263431 263431 11894 9846 35611 57351 206080 X X X X 1 1 X X X X X 1 0 0 0 0 0 0 0 0 Alfred Harms President 386187 0 20200 0 5205 0 31327 0 106144 0 549063 0 0 0 James W Bartlett CFO/Vice President 233795 0 200 0 50 0 29349 0 12686 0 276080 0 0 0 Susan B Clayton VP of Advancement 192170 0 200 0 50 0 22910 0 12532 0 227862 0 0 0 Derek Daly Director of Upper School 133326 0 200 0 550 0 15054 0 27607 0 176737 0 0 0 Michael Curley Varsity Coach 128463 0 200 0 75 0 14059 0 17525 0 160322 0 0 0 Michael Jakubinsin Dir. of Upper School (ended 07/2019) 78937 0 0 0 139230 0 16327 0 9788 0 244282 0 0 0 Deborah P DeLoach Director of Lower School 140620 0 200 0 0 0 14925 0 13160 0 168905 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 Michael Jakubinsin left employment in July of 2019 and was paid per the terms of his employment contract. A Orange County Industrial Development Authority 591767933 2011-06-01 32605000 Refund prior issue; Campus imprvmts 0 0 0 A 32605000 382500 32222500 2008 1 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 1 1 Wells Fargo 20.200000000000 0 0 0 0 0 A 0 Schedule K, Part V: The Organization has not established formal written procedures to timely identify and correct violations of federal tax requirements through the voluntary closing agreement program if self-remediation is not available under applicable regulations. However, the Organization regularly monitors compliance with the applicable requirements through periodic communication with its bond counsel. In light of the nature of the Organization's use of the tax-exempt bond financed property and its periodic consultations with bond counsel with respect to compliance with applicable federal tax requirements, the Organization does not believe that such written procedures are necessary at this time. Debra Deery Family relationship with board member 25449 Compensation for employment as a teacher for the Organization 0 Steven Nicholson Family relationship with board member 87156 Compensation for employment as a teacher for the Organization 0 Desiree Allison Family relationship with former board member 64274 Compensation for employment as a teacher for the Organization 0 X 8 472566 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 380,341. Change in beneficial interest in Foundation 12,479. 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, 2020 included the following trustees: Jeffrey Deery, Dr. David Jablonski, 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 N/A 1 OS Complex Inc 901 North Highland Avenue Orlando FL 32803 263416614 Supporting organization FL 501(c)(3) 509(a)(3) Type II N/A 1 0 0 1 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 Lake Highland Preparatory School Foundation Inc C 157341 Amount Granted