2019-02-23T08:00:37-06:00 2018-06-30 611015031 KRING RAY FARLEY & RIDDLE PSC 444 EAST MAIN STREET STE 203 LEXINGTON KY 40507 990 2017-07-01 610563291 LEXINGTON SCHOOL INC LEXI 8592780501 1050 LANE ALLEN ROAD LEXINGTON KY 40504 ROBERT K THOMPSON DIRECTOR OF ADMINISTRATIVE SERVICES 8592780501 2019-02-22 1 TAMMY DOYLE FARLEY P00067109 8592310541 74.143.220.2 2019-02-22 11:56:21 ES P A34250A93C51539C151254C74C168AD285AE160B 404AD104B47C9658C27A5C9C2F36E571BD6A9D0E 2017 2019-02-21 02:37:17Z ROBERT K THOMPSON 1050 LANE ALLEN ROAD LEXINGTON KY 40504 24213363 0 X WWW.THELEXINGTONSCHOOL.ORG X 1959 KY EDUCATION 26 26 237 200 0 0 1732569 6777090 12899120 13434866 773426 1123807 440987 431348 15846102 21767111 2256051 2390914 0 0 8870281 9618786 0 0 275712 4557725 4103077 15684057 16112777 162045 5654334 53704601 55053213 7138909 2859373 46565692 52193840 PROVIDE AN EDUCATION OF THE HIGHEST QUALITY TO STUDENTS IN PRESCHOOL THROUGH MIDDLE SCHOOL. IN A STRUCTURED, NURTURING ENVIRONMENT, THE LEXINGTON SCHOOL SEEKS TO INSTILL INTEGRITY, A LIFE-LONG ENTHUSIASM FOR LEARNING, AND A STRONG WORK ETHIC. 0 0 12503378 2390914 13475102 EDUCATIONAL ACTIVITIES - 608 STUDENTS ENROLLED 12503378 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 41 0 1 237 1 0 0 0 0 0 1 1 0 0 0 0 X 26 26 1 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 KY X X ROBERT THOMPSON 8592780501 1050 LANE ALLEN ROAD LEXINGTON KY 40504 CHRIS YOUNG PRESIDENT 5.00 X X 0 0 0 JEFF TRUITT TREASURER 5.00 X X 0 0 0 TOI MORTON SECRETARY 3.00 X X 0 0 0 WOODFORD WEBB BOARD MEMBER 0.50 X 0 0 0 PRESTON AUSBROOK BOARD MEMBER 0.50 X 0 0 0 AMY DUZYK BOARD MEMBER 0.50 X 0 0 0 LUKE FALLON VICE PRESIDENT 5.00 X X 0 0 0 KRISTI MIDDLETON BOARD MEMBER 0.50 X 0 0 0 EUNICE BEATTY BOARD MEMBER 0.50 X 0 0 0 MATT LUTZ BOARD MEMBER 0.50 X 0 0 0 KIMBERLY ABSHER BOARD MEMBER 0.50 X 0 0 0 JOHN KELLY BOARD MEMBER 0.50 X 0 0 0 KING OFFUTT BOARD MEMBER 0.50 X 0 0 0 CHAD PENNINGTON BOARD MEMBER 0.50 X 0 0 0 ROB PEREZ BOARD MEMBER 0.50 X 0 0 0 ANNE DE CASTRO BOARD MEMBER 0.50 X 0 0 0 QUISHA RAY BOARD MEMBER 0.50 X 0 0 0 FALGUNI AMIN-ZIMMERMAN BOARD MEMBER 0.50 X 0 0 0 CELESTE NEUMAN BOARD MEMBER 0.50 X 0 0 0 TOMI ANNE PULLIAM BOARD MEMBER 0.50 X 0 0 0 BILL SHIVELY BOARD MEMBER 0.50 X 0 0 0 FAHMIDA KAHLOON BOARD MEMBER 0.50 X 0 0 0 TYLER NAHRA BOARD MEMBER 0.50 X 0 0 0 CAROLINE FRIESEN BOARD MEMBER 0.50 X 0 0 0 CASE CLAY BOARD MEMBER 0.50 X 0 0 0 BRADY BARLOW BOARD MEMBER 0.50 X 0 0 0 CHUCK BALDECCI HEADMASTER 40.00 X 514271 0 64382 UNA MCCARTHY ASST HEADMASTER/DIR MIDDLE 40.00 X 187140 0 32965 ROBERT K THOMPSON BUSINESS MANAGER 40.00 X 173057 0 34262 DANIEL SUSSMAN LOWER SCHOOL DIVISION HEAD 40.00 X 174229 0 14901 1048697 0 146510 4 0 1 0 THE SLAM COLLABORATIVE 675 PONCE DE LEON AVE ATLANTA GA 30308 ARCHITECTURAL DESIGNS 346712 ACME WINDOW CLEANING & JANITORIAL 316 S BROADWAY PARK LEXINGTON KY 40504 WINDOWS AND JANITORIAL CLEANING SERVICES 176426 CECIL'S HEATING & AIR INC 815 CONTRACT STREET LEXINGTON KY 40505 HVAC INSTALLATION/REPAIR 104008 3 6777090 609 6777090 TUITION AND FEES 611600 12715831 12715831 EDUCATIONAL PROGRAMS 611710 362742 362742 STUDENT ACTIVITIES 611710 356293 356293 13434866 798807 798807 2556734 2229555 2179 327179 -2179 325000 325000 605630 214518 391112 391112 MISCELLANEOUS 611600 40236 40236 40236 21767111 13475102 0 1514919 2390914 2390914 1048061 875004 173057 6603849 4538160 2065689 439900 311197 128703 930217 658060 272157 596759 431866 164893 5648 5648 33076 33076 35000 35000 93357 39584 53773 40225 40225 81771 68264 13507 235857 235857 749372 749372 7618 635 6983 58190 45464 12726 104001 104001 917920 917920 145492 145492 CAFETERIA FOOD COSTS 356866 356866 SCHOOL SUPPLIES 246599 246599 DONOR DEVELOPMENT 187319 187319 FIELD TRIPS 160517 160517 644249 516683 92946 34620 16112777 12503378 3333687 275712 1352398 1778027 3309765 1821876 1311311 5899002 131014 133549 525712 495332 24316012 12359172 11552239 11956840 24455352 19291087 11066810 13677500 53704601 55053213 1137942 1157715 1475600 1376277 4181535 343832 325381 7138909 2859373 X 24827852 25897115 6156832 10695496 15581008 15601229 46565692 52193840 53704601 55053213 5654334 -26186 0 X X 0 1 X 1 0 X 35522162 79836 1091909 3725320 32968587 32493425 594493 3892253 1458009 35522162 29904070 493053 3437854 1341552 32493425 29840903 608894 604490 1150217 29904070 25224924 498720 5087389 970130 29840903 0.37670 0.41420 0.20910 1 0 1744639 1744639 18003511 8696649 9306862 4567862 3662523 905339 11956840 BERKSHIRE HATHAWAY > 5% TOTAL ASSETS 5076720 F JOHNSON & JOHNSON > 5% TOTAL ASSETS 4853600 F MICROSOFT CORP COM > 5% TOTAL ASSETS 3747180 F 13677500 OBLIGATION UNDER CAPITAL LEASE 325381 325381 21955443 -26186 214518 188332 21767111 0 21767111 16327295 214518 214518 16112777 0 16112777 PART V, LINE 4: PART V, LINE 4: EARNINGS FROM ENDOWMENT FUNDS ARE USED TO OFFSET COSTS OF EDUCATIONAL PROGRAMS PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES PART XII, LINE 2D PART XII, LINE 2D AND PART XIII, LINE 2D: GENERAL FUNDRAISING EXPENSES NOT APPLICABLE TO SPECIAL EVENTS 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 POLICY INCLUDED AS INTEGRAL PART OF ALL PROMOTIONAL BROCHURES AND ADVERTISING RELATING TO ADMISSIONS IN LOCAL MEDIA CELEBRATION 605630 605630 56428 68055 46037 4446 39552 605630 605630 56428 68055 46037 4446 39552 214518 391112 1 FINANCIAL AID FOR TUITION 176 2249218 FMV SCHOLARSHIPS 6 141696 FMV PART I, LINE 2: THE SCHOOL MAKES FUNDS AVAILABLE ON AN ANNUAL BASIS TO ASSIST PARENTS WHO DEMONSTRATE NEED IN MEETING THE COST OF AN INDEPENDENT SCHOOL EDUCATION. AFTER FILING AN ADMISSION APPLICATION WITH THE SCHOOL, FAMILIES MAY REQUEST A FINANCIAL AID APPLICATION WHICH REQUIRES THEM TO PROVIDE FINANCIAL INFORMATION TO BE CONSIDERED IN AWARDING AID. THE APPLICATION FOR FINANCIAL AID IS MAILED TO THE SCHOOL AND STUDENT SERVICE FOR FINANCIAL AID FOR PROCESSING. THE SERVICE EVALUATES THE DATA PROVIDED AND FURNISHES THE SCHOOL WITH AN ESTIMATE OF ACTUAL NEED. THE SCHOOL USES THIS ESTIMATE IN DETERMINING THE AMOUNT OF AID TO BE PROVIDED. FINANCIAL AID IS AWARDED WITHOUT REGARD TO RACE, COLOR, RELIGION, NATIONAL OR ETHNIC ORIGIN. SCHOLARSHIPS ARE AWARDED ANNUALLY TO STUDENTS WHO MEET SPECIFIC CRITERIA ESTABLISHED BY THE DONORS OF FUNDS TO BE AWARDED. SCHOOL HAS ADOPTED GIFTING POLICY WHICH DESCRIBES THE PROCEDURES FOR ESTABLISHING SCHOLARSHIPS AND FUNDING REQUIREMENTS. NEW SCHOLARSHIP FUNDS MUST BE REVIEWED AND APPROVED BY THE SCHOOL'S BOARD OF DIRECTORS. X X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 CHUCK BALDECCI HEADMASTER 423763 0 72738 0 17770 0 13500 0 50882 0 578653 0 0 0 UNA MCCARTHY ASST HEADMASTER/DIR MIDDLE 178465 0 300 0 8375 0 16972 0 15993 0 220105 0 0 0 ROBERT K THOMPSON BUSINESS MANAGER 172757 0 300 0 0 0 17117 0 17145 0 207319 0 0 0 DANIEL SUSSMAN LOWER SCHOOL DIVISION HEAD 154044 0 0 0 20185 0 6626 0 8275 0 189130 0 0 0 PART I, LINE 1A TRAVEL AND EXPENSES FOR SPOUSE OF HEADMASTER TO ATTEND NATIONAL EDUCATION CONFERENCE IS PAID BY THE SCHOOL. CONFERENCE ORGANIZERS ENCOURAGE ATTENDANCE BY SPOUSES AND INCLUDE SPECIFIC ACTIVITIES FOR THEM DURING REGULAR SESSIONS. ADDITIONAL COSTS FOR SPOUSE TO ATTEND ARE INCLUDED AS TAXABLE COMPENSATION TO THE HEADMASTER. SMALL DISCRETIONARY SPENDING ACCOUNT FOR HEADMASTER IS INCLUDED AS PART OF ANNUAL BUDGET OF SCHOOL AND APPROVED BY THE BOARD OF TRUSTEES. ACCOUNT IS TO BE USED FOR EDUCATION RELATED EXPENSES. PART I, LINE 4B CHUCK BALDECCI, $35,700 ROBERT THOMPSON, $12,500 BOARD MEMBERS BOARD MEMBERS 17269 FINANCIAL AID TUITION OFFICERSKEY EMPLOYEES OFFICERS/EMPLOYEES 62185 TUITION REMISSION TUITION SAUL GOOD FAMILY OF BOARD MEMBER 3173 FOOD FOR EVENT 0 FORM 990, PART VI, SECTION A, LINE 2 THERE ARE TWO SEPARATE COUPLES WHO ARE TRUSTEES EMERITUS AND CURRENT BOARD MEMBER IS THE SON OF ONE OF THESE COUPLES FORM 990, PART VI, SECTION A, LINE 7A BOARD OF TRUSTEES HAS A NOMINATING COMMITTEE WHICH INTERVIEWS THOSE INTERESTED IN JOINING THE BOARD. NOMINATING COMMITTEE RECOMMENDS NEW MEMBERS TO THE BOARD OF TRUSTEES FOR VOTE. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES IS CHARGED WITH REVIEWING THE FORM 990 EXTENSIVELY. ONCE APPROVED BY THE FINANCE COMMITTEE, FORM 990 IS MADE AVAILABLE TO THE BOARD OF TRUSTEES FOR REVIEW PRIOR TO THE FILING. SHOULD THE FINANCE COMMITTEE AND/OR BOARD OF TRUSTEES NOT BE ABLE TO CONVENE A MEETING PRIOR TO THE FILING DEADLINE, THE EXECUTIVE COMMITTEE IS AUTHORIZED TO REVIEW THE FORM 990 AND APPROVE FOR FILING. THE FINANCE COMMITTEE WILL PERFORM ITS REVIEW AT THEIR NEXT REGULARLY SCHEDULED MEETING AND THEN PRESENT FORM 990 TO THE BOARD OF TRUSTEES AT THEIR NEXT REGULARLY SCHEDULED MEETING. SCHEDULE B, SCHEDULE OF CONTRIBUTORS, IS NOT AVAILABLE FOR REVIEW BEYOND THE EXECUTIVE COMMITTEE LEVEL. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS ARE REQUIRED TO SIGN WRITTEN DISCLOSURE STATEMENT CONCERNING ANY EXISTING OR POTENTIAL CONFLICTS OF INTEREST. DIRECTORS ARE REQUIRED TO NOTIFY TRUSTEES IF CIRCUMSTANCES CHANGE DURING THE FISCAL YEAR. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION COMMITTEE REVIEWS PROPOSED CONTRACTS FOR HEAD OF SCHOOL INCLUDING COMPARING CONTRACT TERMS WITH OTHER COMPENSATION ARRANGEMENTS FOR SIMILAR POSITIONS IN OTHER INDEPENDENT SCHOOLS IN THE AREA. COMMITTEE PROPOSES CONTRACT TERMS TO THE BOARD OF TRUSTEES FOR REVIEW AND APPROVAL FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S POLICY IS TO MAKE APPLICATION FOR TAX EXEMPTION AS WELL AS FORM 990 AVAILABLE FOR PUBLIC INSPECTION IN THE SCHOOL'S BUSINESS OFFICE DURING REGULAR HOURS OF OPERATION. DOCUMENTS ARE PROVIDED FOR REVIEW UPON WRITTEN REQUEST. FORM 990, SCHEDULE B, SCHEDULE OF CONTRIBUTORS, IS NOT AVAILABLE FOR REVIEW BEYOND THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. FORM 990, PART XI, LINE 2C THE PROCESS OF REVIEWING AND APPROVING AUDITED FINANCIAL STATEMENTS BY THE FINANCE COMMITTEE AND THE BOARD OF TRUSTEES HAS NOT CHANGED FROM PRIOR YEARS.