2023-01-27T07:41:02-06:00 2022-06-30 204193611 Batts Morrison Wales & Lee PA 801 North Orange Avenue Suite 800 Orlando FL 32801 990 2021-07-01 590624431 Lake Highland Preparatory School Inc LAKE 4072061900 901 Highland Avenue Orlando FL 32803 Jessie Martinez CFO 4072061900 2023-01-18 1 Jessie Martinez 999009999 Kaylyn A Varnum P01691975 4077706000 2023-01-18 3 AAL1 IAL1 2021 2023-03-07 01:45:13Z Jessie Martinez 901 Highland Avenue Orlando FL 32803 57948108 0 X www.lhps.org X 1941 FL Instilling Christian values, inspiring patriotism, developing future leaders & preparing students 21 20 589 250 0 0 7405943 9789608 39980471 46531167 187591 74262 666866 1069144 48240871 57464181 1703013 0 0 0 28163645 29516242 0 0 763190 17411428 19250913 47278086 48767155 962785 8697026 77318236 87682705 44108152 46339156 33210084 41343549 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 38956348 42103212 Instructional and Student Activities:Approximately 2,039 students are enrolled from pre-kindergarten through 12th grade. The school-wide pupil ratio is 1 to 12. The Organization 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. The Organization 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. 1731839 4774183 Auxiliary Activities:Auxiliary activities include the athletic department, admissions testing, yearbook production, after school and summer school programs, and sales. These activities enhance the Organization's exempt mission of promoting the spiritual, personal, athletic and social development of students in addition to meeting their academic needs. 40688187 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 0 0 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 1 1 0 0 1 174 2 1 589 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 21 20 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 Highland Avenue Orlando FL 32803 Jeffrey Deery Chairman/Trustee 2.00 0.20 X X 0 0 0 Gregory Ramsby Vice-Chairman/Trustee 1.50 1.35 X X 0 0 0 Sarah Overmeyer Secretary/Trustee 2.00 0.10 X X 0 0 0 Sarita Shah Treasurer/Trustee 1.50 0.35 X X 0 0 0 Grant Hill Trustee 0.25 0.00 X 0 0 0 Matthew Knight Trustee 1.75 0.00 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 Dr Denise Nicholson Trustee 0.50 0.10 X 0 0 0 Tim Seneff Trustee 0.75 0.00 X 0 0 0 Scott Skidelsky Trustee 2.00 0.00 X 0 0 0 David Yergey Jr Trustee 1.75 0.00 X 0 0 0 Brooke Myers Trustee 2.00 0.00 X 0 0 0 Quino Martinez Trustee 1.00 0.00 X 0 0 0 Grant Heston Trustee 1.00 0.00 X 0 0 0 Dr Grant Cornwell Trustee 0.50 0.00 X 0 0 0 Alfred Harms President 35.00 0.20 X 468437 0 152146 Jessie Martinez Chief Financial Officer 35.00 0.00 X 104687 0 11887 Susan B Clayton VP of Advancement 35.00 0.00 X 195358 0 34927 Derek Daly Director of Upper School 35.00 0.00 X 151186 0 29157 William Fiordalis Assoc. Head of Sch./Dir.-Lower Sch. 35.00 0.00 X 162691 0 27860 Michael Curley III Varsity Coach 35.00 0.00 X 128654 0 25656 Douglas Armstrong Jr Facilities/Property Manager 35.00 0.00 X 115739 0 11883 Susan Keogh Assoc. Dir. of Lower School 35.00 0.00 X 104389 0 22289 Alison Murphy Director of Middle School 35.00 0.00 X 131142 0 24694 Charmaine Schreiber Athletics Director 35.00 0.00 X 126029 0 24340 James W Bartlett VP of Ops. & CFO Cons. (Former CFO) 35.00 0.00 X 254801 0 40404 1943113 0 405243 16 1 1 0 FCS Facility Services 131 S Country Club Rd Lake Mary FL 32746 Cleaning services 770409 Sodexo Inc & Affiliates PO Box 360170 Pittsburgh PA 15251 Food services 662602 Schenkel & Schultz Inc 200 E Robinson Street Suite 300 Orlando FL 32801 Construction services 602130 Ricoh USA Inc PO Box 532530 Atlanta GA 30353 Copier services 501913 Presidio Networked Solutions Inc PO Box 822169 Philadelphia PA 19182 IT/Network Services 439907 16 1050 202686 9585872 107205 9789608 Tuition & fees 611710 41709685 41709685 Auxiliary activities 611710 3470205 3470205 Finance charges 525990 515398 515398 Aftercare 611710 442352 442352 Student Activities 611710 393527 393527 46531167 74262 74262 10694 0 10694 10694 10694 325429 1050 64454 260975 260975 27810 7955 19855 19855 757746 411518 346228 346228 Other revenue 900099 431392 431392 431392 57464181 46877395 0 797178 1428824 540957 513373 374494 233437 119008 114429 21059518 18206158 2685042 168318 1770634 1539993 230641 3326412 2869650 456762 1697417 1439765 257652 140136 50413 89723 117264 42185 75079 1428684 513957 914727 257655 31619 5658 220378 144555 122613 21942 1212430 1028394 184036 645137 547211 97926 3581129 3034116 547013 479416 406645 72771 Maintenance & repairs 3817431 3237981 579450 General operating 3636012 3166458 469554 Student activities 2424693 2424693 Athletics 1366371 1366371 48767155 40688187 7315778 763190 18586728 21625834 920048 5306698 38241 175094 163666 221732 786951 1019180 92310992 47391915 41948267 44919077 43922 39171 14830413 14375919 77318236 87682705 9065491 9586411 11999592 13087155 23043069 23665590 44108152 46339156 X 23272494 23041220 9937590 18302329 33210084 41343549 77318236 87682705 X 8697026 -84239 -479322 X X 0 1 X 1 0 X 1898980 950539 1911462 7405943 9789608 21956532 1898980 950539 1911462 7405943 9789608 21956532 1888588 20067944 378058 561063 524299 207869 84956 1756245 1755986 2318855 1412401 1347822 1542377 8377441 32090218 206263844 0.62540 0.52910 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 9189089 320090 -615170 202686 8691323 9204948 243942 1496908 157621 9189089 8958764 70833 332691 157341 9204948 8174520 413401 508142 137299 8958764 7934964 77661 292671 130777 8174520 0.45752 0.47125 0.07123 0 1 1 4311207 4311207 50721333 25581079 25140254 16784622 11843791 4940831 20493830 9967045 10526785 44919077 Assets held by Lake Highland Preparatory School Foundation, Inc. 6688748 Unamortized bond issuance costs 607224 Due from OS Complex, Inc. 2299706 Beneficial interest in Foundation 4714836 Mertain Collateral - Operating 65405 14375919 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 various programs and activities, including the Organization's biological sciences programs, financial aid for students, Christian ministries, teachers, Edison program (special education), humanities programs, 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 the Organization's website at: www.lhps.org. Golf Tournament 165760 165760 28800 21542 Fashion Week 128929 1050 127879 4294 8857 1 31790 31790 961 326479 1050 325429 28800 4294 31360 64454 260975 27810 7500 455 1 1.00000 27810 7500 455 7955 19855 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 1.00000 Karin Timmer 901 North Highland Avenue Orlando FL 32803 0 Not applicable - activity is conducted by volunteers 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. X X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 Alfred Harms President 386174 0 50250 0 32013 0 38791 0 113355 0 620583 0 0 0 James W Bartlett VP of Ops. & CFO Cons. (Former CFO) 162241 0 1500 0 91060 0 34822 0 5582 0 295205 0 0 0 Susan B Clayton VP of Advancement 195083 0 250 0 25 0 23062 0 11865 0 230285 0 0 0 William Fiordalis Assoc. Head of Sch./Dir.-Lower Sch. 162416 0 250 0 25 0 15973 0 11887 0 190551 0 0 0 Derek Daly Director of Upper School 150411 0 250 0 525 0 17414 0 11743 0 180343 0 0 0 Alison Murphy Director of Middle School 130867 0 250 0 25 0 12951 0 11743 0 155836 0 0 0 Michael Curley III Varsity Coach 128354 0 250 0 50 0 13769 0 11887 0 154310 0 0 0 Charmaine Schreiber Athletics Director 125654 0 250 0 125 0 12453 0 11887 0 150369 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 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 $1,800,765.49 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 49325 Compensation for employment as a teacher for the Organization 0 Desiree Allison Family relationship with former board member 69685 Compensation for employment as a teacher for the Organization 0 X 6 107205 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 beneficial interest in Foundation -479,322. 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, 2022 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 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 202686 Amount Received