2026-04-07T11:13:48-07:00 2025-06-30 752593210 Sutton Frost Cary LLP 200 E Front St Suite 200 Arlington TX 76011 990 2024-07-01 271616131 LEADERSHIP PREP SCHOOL LEAD 9723703650 8100 TEEL PARKWAY FRISCO TX 75034 STACY ALTON SUPERINTENDENT 2026-04-07 true true Carroll Elizabeth Arnott P01965628 8176498083 2024 2025-03-06 01:10:19Z STACY ALTON 8100 TEEL PARKWAY FRISCO TX 75034 16350700 false X WWW.LPSFRISCO.COM X 2010 TX THE MISSION OF LPS IS TO INSPIRE STUDENTS TO LEARN, GROW, AND LEAD FOR A LIFETIME. THE ACRONYM P.L.A.C.E. SUMMARIZES THE FIVE KEY AREAS THAT HAVE BEEN SELECTED AS THE FOCUS OF LPS' VISION: PARENT PARTNERSHIP, LEADERSHIP DEVELOPMENT, ACADEMICS, CREATIVITY, AND EXCELLENCE. 7 7 220 100 0 13583941 15441978 349736 357355 24994 551367 0 13958671 16350700 0 0 8558899 9399157 0 18758 4908705 5459583 13467604 14858740 491067 1491960 29821708 56583289 21807060 47076681 8014648 9506608 THE MISSION OF LPS IS TO INSPIRE STUDENTS TO LEARN, GROW, AND LEAD FOR A LIFETIME. THE ACRONYM P.L.A.C.E. SUMMARIZES THE FIVE KEY AREAS THAT HAVE BEEN SELECTED AS THE FOCUS OF LPS' VISION: PARENT PARTNERSHIP, LEADERSHIP DEVELOPMENT, ACADEMICS, CREATIVITY, AND EXCELLENCE. false false 13275199 357355 LEADERSHIP PREP SCHOOL (LPS) IS AN OPEN ENROLLMENT CHARTER SCHOOL EDUCATING STUDENTS FROM KINDERGARTEN THROUGH TWELFTH GRADE. LPS HAS A SPECIAL FOCUS ON LEADERSHIP DEVELOPMENT WITH A HIGH LEVEL OF ACADEMIC INSTRUCTION. 13275199 true true false false false false false false false false true false false false true true true false true false false false false false false false false false false true true false false false false false false false false false false false false false false false false false false false true 74 0 true 220 true false false false false false false false 0 false false false false false false false X 7 7 true false false false false false false true false false false true true true true true true true true false X STACY ALTON 9723703650 8100 TEEL PARKWAY FRISCO TX 75034 STACY ALTON SUPERINTENDENT 40.00 0.00 X 187925 0 8080 SHEILA CRAFT President 2.00 0.00 X X 0 0 0 MARK RENFRO Treasurer 2.00 0.00 X X 0 0 0 JACOB MAKUVIRE BOARD MEMBER 2.00 0.00 X 0 0 0 SCOTT ARMENDARIZ Secretary 2.00 0.00 X X 0 0 0 STEVE STROBL BOARD MEMBER 2.00 0.00 X 0 0 0 MARNIE NELSON BOARD MEMBER 2.00 0.00 X 0 0 0 JAMIE-LYNN HARRIS BOARD MEMBER 2.00 0.00 X 0 0 0 187925 8080 1 false true false DYNAMIC SUPPORT SOLUTIONS PO Box 541012 DALLAS TX 75354 CONSULTING 196500 CROSSLAND CONSTRUCTION CO 731 INDUSTRY WAY PROSPER TX 75078 CONSTRUCTION 9391002 EDUCATION SERVICE CENTER 400 E SPRING VALLEY RD RICHARDSON TX 75081 EDUCATION 262604 CDW LLC 5908 HEADQUARTERS DR STE 400 PLANO TX 75024 INFORMATION TECHNOLOGY 574007 WILSON BAUHAUS INTERIORS LLC 1341 W MOCKINGBIRD LN STE 1100W DALLAS TX 75247 FURNISHING 404695 5 15438833 3145 15441978 OTHER LOCAL REVENUE 611710 357355 357355 357355 551367 551367 0 0 0 0 0 0 0 0 16350700 357355 551367 0 0 0 0 196245 196245 0 7685075 7088754 580011 16310 368468 336744 30233 1491 1044852 923110 121062 680 104517 93253 11031 233 0 10382 10382 27000 27000 0 0 0 1282229 989234 292995 0 0 0 0 1153449 1153449 172863 159166 13697 0 0 1026171 923554 102617 0 668942 668942 146470 146470 SUPPLIES & MATERIALS 751218 601112 150106 MISCELLANEOUS 171745 142297 29404 44 FOOD 49114 49114 0 14858740 13275199 1564783 18758 4669387 13009982 220074 222280 0 2039958 2984762 0 0 0 0 199786 211730 42927373 5095777 20525676 37831596 0 0 0 2163382 1833134 3445 489805 29821708 56583289 1003181 6331489 53908 32521 18580705 38879538 2169266 1833133 21807060 47076681 X 474698 1049994 7539950 8456614 8014648 9506608 29821708 56583289 1491960 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7447936 7447936 14002398 3189060 10813338 2615596 1906717 708879 18861443 18861443 37831596 OPERATING LEASE LIABILITY 1833133 1833133 X 16350700 16350700 16350700 14858740 14858740 14858740 Part X : FIN48 Footnote The School is a nonprofit organization exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code (Code) except to the extent it has unrelated business income. The School had no unrelated business income for the year ended June 30, 2025. Accordingly, no provision has been made for federal income tax. GAAP requires the evaluation of tax positions taken in the course of preparing the Schools tax returns and recognition of a tax liability (or asset) if the School has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Management has analyzed the tax positions taken by the School, and has concluded that as of June 30, 2025, there are no uncertain tax positions taken or expected to be taken. true true true true true true true false false false false false false false false true false true Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized THE FOLLOWING IS PRINTED ON THE REGISTRATION MATERIALS:LEADERSHIP PREP SCHOOL DOES NOT DISCRIMINATE IN ADMISSIONS BASED ON GENDER; NATIONAL ORIGIN; ETHNICITY; RELIGION; DISABILITY; ACADEMIC, ARTISTIC OR ATHLETIC ABILITY; OR THE DISTRICT THE CHILD WOULD OTHERWISE ATTEND. Schedule E, Line 4 - Explanation of Records and Materials Not Maintained Schedule E, Line 5 - Explanation of Organization Discrimination by Race Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental Agency THE SCHOOL RECEIVES GOVERNMENTAL SUPPORT THROUGH STATE AND FEDERAL PROGRAMS WHICH PROVIDE FOR REIMBURSEMENT OF EXPENDITURES BASED ON STUDENT ENROLLMENT. X X false false false false false false false false false STACY ALTON SUPERINTENDENT 177925 10000 8080 196005 A ARL HIGHER ED FIN CORP 812908382 0418065A4 2021-12-15 16295000 REFINANCE DEBT false B ARL HIGHER ED FIN CORP 812908382 041807KM9 2024-10-01 25495000 REFINANCE DEBT false A 1345000 16710000 456658 661164 16710000 2017 true false false false B 25495000 707211 523402 25495000 2024 true false false false A false false false false true false true B false false false false true false true A false true false B false true false Part VI In December 2021, the School completed a transaction in which the Arlington Higher Education Finance Corporation (AHEFC) issued $16,295,000 Education Revenue Bonds Series 2021A and $415,000 Education Revenue Bonds Taxable Series 2021B and loaned the proceeds of the bonds to the School. The School entered into a loan agreement with AHEFC for the proceeds of the bond issue, which are held by the bond trustee, Wilmington Trust, National Association. The bonds were issued as education revenue bonds, and have interest rates ranging from 1% to 4%, and are collateralized by a pledge of revenues of the School. The School is required to use the bond proceeds to refinance existing debt and pay debt issuance costs. DIFFERENCES BETWEEN THE ISSUE PRICE AND TOTAL PROCEEDS OF ISSUE RELATE TO BOND DISCOUNTS AND PREMIUMS.In October 2024, the School completed a transaction in which Arlington Higher Education Finance Corporation (AHEFC) issued $25,495,000 Education Revenue Bonds Series 2024 and loaned the proceeds of the bonds to the School. The School entered into a loan agreement with AHEFC for the proceeds of the bond issue, which are held by the bond trustee, Wilmington Trust, National Association. The bonds were issued as education revenue bonds, and have interest rates ranging from 4% to 5%, and are collateralized by a pledge of revenues of the School. The School is required to use the bond proceeds for the construction and equipping of a new education facility to refinance existing debt and pay debt issuance costs. DIFFERENCES BETWEEN THE ISSUE PRICE AND TOTAL PROCEEDS OF ISSUE RELATE TO BOND DISCOUNTS AND PREMIUMS. S CRAFT BOARD MEMBER 855575 FACILITY LEASE false Schedule L, Part V Supplemental Information ONE MEMBER OF THE LPS BOARD IS A MEMBER OF THE EXECUTIVE COMMITTEE OF ELEVATE LIFE CHURCH MANAGEMENT WHICH LEASES FACILITIES TO THE SCHOOL. THE BOARD MEMBER IS RECUSED FROM ALL VOTES RELATED TO THE LEASE. Form 990, Part VI, Section A, Line 2 SHEILA CRAFT-BUSINESS RELATIONSHIP. Form 990, Part VI, Section B, Line 11b THE SUPERINTENDENT, BUSINESS MANAGER AND CONTRACT CFO REVIEW THE FORM 990 PRIOR TO FILING. Form 990, Part VI, Section B, Line 15a THE ORGANIZATION USES COMPARABILITY DATA TO DETERMINE COMPENSATION FOR THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL. APPROVAL OF THE CEO'S COMPENSATION IS DOCUMENTED IN CLOSED SESSION MINUTES AND THEN MADE AVAILABLE TO THE PUBLIC VIA AT-WILL-AGREEMENT POSTED TO THE WEBSITE. Form 990, Part VI, Section B, Line 15b THE ORGANIZATION USES COMPARABILITY DATA TO DETERMINE COMPENSATION OF KEY EMPLOYEES OF THE ORGANIZATION. Form 990, Part VI, Section C, Line 19 GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND THE FILED FORM 990 ARE AVAILABLE UPON REQUEST. IN ADDITION, THE FINANCIAL STATEMENTS ARE AVAILABLE ON THE WEBSITE.