2017-05-12T11:57:14-05:00 2016-06-30 204193611 Batts Morrison Wales & Lee PA 801 North Orange Avenue Suite 800 Orlando FL 32801 990 2015-07-01 590624431 Lake Highland Preparatory School Inc LAKE 4072061900 901 North Highland Avenue Orlando FL 32803 James Bartlett CFO/VP 4072061900 2017-04-28 1 Julia W James P01772503 4077706000 2017-04-28 2015 2021-01-29 14:40:06Z James Bartlett 901 North Highland Avenue Orlando FL 32803 39467733 0 X www.lhps.org X 1941 FL Instilling Christian values, inspiring patriotism, developing future leaders & preparing students 21 17 556 250 0 0 2225966 1184256 35035556 36367671 90956 68443 834711 923360 38187189 38543730 0 0 0 0 22375943 23350980 0 0 517212 14459578 15509040 36835521 38860020 1351668 -316290 75085030 75609093 51407257 51665048 23677773 23944045 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 32350528 33273155 Instructional and Student Activities:Approximately 1,940 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. 1834804 3094516 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. 34185332 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 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 0 0 0 0 0 1 1 1 0 0 1 130 1 1 556 1 0 0 0 0 0 1 1 0 0 0 0 X 21 17 0 0 1 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 4.00 0.10 X X 0 0 0 Mike Mikkelson Vice-Chairman / Trustee 2.50 0.10 X X 0 0 0 Steve L Blomeley Treasurer / Trustee 2.50 0.10 X X 0 0 0 Jeffrey Deery Secretary / Trustee 2.50 0.10 X X 0 0 0 Charles Allison Trustee 0.75 0.75 X 0 0 0 Sidney G Cash Trustee (through 05/2016) 1.00 X 0 0 0 Joseph S Guernsey Founding Trustee 1.00 0.10 X 0 0 0 Alfred G Harms Jr Trustee 0.50 X 0 0 0 Grant Hill Trustee 0.10 X 0 0 0 David Lamm Trustee 0.50 X 0 0 0 Derek Lewis Trustee 0.25 X 0 0 0 Dr Denise Nicholson Trustee 0.25 X 0 0 0 Leila Nodarse Trustee 1.00 X 0 0 0 Karen O'Neill-Arredondo Trustee 0.25 X 0 0 0 Sarah Overmeyer Trustee 2.50 X 0 0 0 Greg Ramsby Trustee 0.25 0.25 X 0 0 0 Charles W Rex Jr Founding Trustee 1.00 0.10 X 0 0 0 Hope Roll Trustee 1.00 X 0 0 0 Scott Skidelsky Trustee 0.25 X 0 0 0 Jeff Turner Trustee 0.10 X 0 0 0 Jay E Whitehurst Trustee 2.00 0.10 X 0 0 0 David Yergey Jr Trustee 2.00 0.10 X 0 0 0 Warren P Hudson President 40.00 X 344723 0 72613 James W Bartlett CFO / Vice President 40.00 1.10 X 203826 0 47257 Susan B Clayton VP of Advancement 40.00 X 164689 0 33919 David M Bernatavitz Director of Middle School 40.00 X 136467 0 27703 Francis Prendergast Director of Athletics 40.00 X 134811 0 25667 Michael Jakubinsin Director of Upper School 40.00 X 124590 0 33379 Deborah P DeLoach Director of Lower School 40.00 X 127024 0 24730 1236130 0 265268 12 0 1 0 Florida Cleaning Systems Inc 624 Douglas Avenue Suite 1420 Altamonte Springs FL 32714 Cleaning services 602445 Ricoh USA Inc PO Box 532530 Atlanta GA 30353 Printing & mail services 381167 Sodexo Inc and Affiliates 901 N Highland Ave Orlando FL 32803 Food service 298944 Aire Tech Mechanical Services Inc 5507 Force Four Parkway Orlando FL 32839 Repair & maintenance services 260215 Keller Outdoor Lawn Maintenance LLC 2150 Marquette Ave Sanford FL 32773 Landscaping & lawn maintenance 231829 9 134054 32766 1017436 18201 1184256 Tuition & fees 611710 33273155 33273155 Auxiliary activities 611710 2353537 2353537 Finance charges 525990 410838 410838 Aftercare 611710 171925 171925 Student Activities 611710 158216 158216 36367671 80075 80075 105481 0 105481 105481 105481 11632 -11632 -11632 -11632 22751 134054 15477 7274 7274 1485458 896894 588564 588564 Other revenue 900099 222041 222041 222041 38543730 36367671 0 991803 666631 103261 439457 123913 17290411 15648238 1323728 318445 1550263 1428153 122110 2484295 2251867 232428 1359380 1219758 139622 58364 58364 64068 64068 1369178 629200 739978 98066 20828 2384 74854 164054 147204 16850 1087185 975520 111665 1496012 1342356 153656 2344592 2103781 240811 330885 296900 33985 Maintenance & repairs 3121165 2800590 320575 Student activities 2339029 2339029 General operating 1881534 1723739 157795 Athletics 1154908 1154908 38860020 34185332 4157476 517212 18305969 19941025 272187 123824 162970 143165 222 561665 661655 276162 224601 75310499 31914045 45071848 43396454 19728 20773 10414279 11097596 75085030 75609093 6099392 6367411 12556679 13453363 28820000 27740000 3931186 4104274 51407257 51665048 X 21134528 20872345 1246803 930569 1296442 2141131 23677773 23944045 75085030 75609093 X -316290 -25186 607748 X X 0 1 X 1 0 X 1539203 2253498 1720487 2225966 1184256 8923410 1539203 2253498 1720487 2225966 1184256 8923410 262274 8661136 125639 140066 177234 193006 185556 821501 1736236 1799274 1611917 1548012 1730250 8425689 18170600 174061550 0.47670 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, and income from fundraising events. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5680041 844664 308983 32766 6800922 4906103 593250 180688 5680041 565548 4192837 147719 4906103 272837 266190 26521 565548 218181 53075 1581 272837 0.59000 0.31000 0.10000 0 1 1 4311207 4311207 50695869 18296917 32398952 9403021 8245842 1157179 10900402 5371286 5529116 43396454 Assets held by Lake Highland Preparatory School Foundation, Inc. 6190764 Unamortized bond issuance costs 271021 Due from OS Complex, Inc. 2299706 Beneficial interest in Foundation 2336105 11097596 Interest rate swap liability 4104274 4104274 X 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. Part X, Line 2: The Organization is exempt from federal income tax as an organization described in Section 501(c)(3) of the Internal Revenue Code and from state income tax pursuant to Florida law. The Organization is further classified as a public charity and not a private foundation for federal tax purposes. The Organization has not incurred unrelated business income taxes. As a result, no income tax provision or liability has been provided for in the accompanying consolidated financial statements. The Organization has not taken any material uncertain tax positions for which the associated tax benefits may not be recognized under accounting principles generally accepted in the United States of America. Federal and state tax authorities may generally examine the Organization's income tax positions or (if applicable) returns for periods of approximately three to six years. 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. Also, Lake Highland Preparatory School published an ad in the local newspaper, The Orlando Sentinel. Fashion Day 134054 134054 9394 5650 Used Uniform Sale 22751 22751 433 156805 134054 22751 9394 6083 15477 7274 Schedule G, Part II, Line 1 and 2: The Organization recorded revenues from the Fashion Day fundraising activity as contribution revenue for financial reporting purposes. However, charitable acknowledgments issued by the Organization properly notified the donor of the value of any goods or services provided in exchange for the contributions received. X X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Warren P Hudson President 344573 0 150 0 0 0 33742 0 38871 0 417336 0 0 0 James W Bartlett CFO / Vice President 202676 0 1150 0 0 0 26637 0 20620 0 251083 0 0 0 Susan B Clayton VP of Advancement 162478 0 150 0 2061 0 20210 0 13709 0 198608 0 0 0 David M Bernatavitz Director of Middle School 136317 0 150 0 0 0 15054 0 12649 0 164170 0 0 0 Francis Prendergast Director of Athletics 120379 0 150 0 14282 0 14425 0 11242 0 160478 0 0 0 Michael Jakubinsin Director of Upper School 124440 0 150 0 0 0 14233 0 19146 0 157969 0 0 0 Deborah P DeLoach Director of Lower School 126874 0 150 0 0 0 13399 0 11331 0 151754 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. 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, such procedures are being considered for implementation under the advice of bond counsel. Debra Deery Family relationship with board member 58081 Compensation for employment as a teacher for the Organization 0 Desiree Allison Family relationship with board member 36529 Compensation for employment as a teacher for the Organization 0 Steven Nicholson Family relationship with board member 17284 Compensation for employment as a teacher for the Organization 0 Donita Turner Family relationship with board member 50070 Compensation for employment as a teacher for the Organization 0 Form 990, Part VI, Section A, line 4 During the tax year, the Organization made the following changes to its bylaws: Trustees: The revised bylaws clarified the number and election of Trustees and established term limits for Trustees. The duties of the Board of Trustees were updated to provide the Board with the power to hire and terminate the Organization's President. The revised bylaws further provide that the duties of Trustees may not be delegated to any other person. Executive Committee: The duties of the Executive Committee were updated and expanded, term limits for Committee members were increased from one to two years, and the process for removal of Committee members was clarified. The composition and duties of the committee are articulated in the bylaws. Additional Committees: The composition and duties of standing committees of the Board were updated. The composition and duties of each committee are articulated in the bylaws. Form 990, Part VI, Section B, line 11 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 provides, upon request, copies of its Articles of Incorporation, bylaws, and its conflict of interest policy. Form 990, Part XI, line 9: Change in FMV of Interest Rate Swap -173,088. Change in beneficial interest in Foundation 780,836. 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, 2016 included the following trustees: Steve L. Blomeley, Jeffrey Deery, Joseph S. Guernsey, Dr. David Jablonski, Mike Mikkelson, Charles W. Rex, Jr., Jay E. Whitehurst, and David Yergey, Jr. 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