2020-03-09T15:54:54-05:00 2019-06-30 050409384 KAHN LITWIN RENZA & CO LTD 800 SOUTH STREET SUITE 300 WALTHAM MA 02453 990 2018-07-01 042134815 LEXINGTON CHRISTIAN ACADEMY LEXI 7818627850 48 BARTLETT AVENUE LEXINGTON MA 02420 GERALD MOORE TREASURER 7818627850 2020-03-09 1 MEYER H LEVY P00036576 7815478800 38.111.239.2 2020-03-09 16:21:53 ED P 71558FDED97D0F14E464F1217971B6E9CD9D8A1C 1E9C044FA34E67C2B94EA2D656CB38F1BC233A5E 2018 2020-09-23 17:36:50Z JAMES BOLTON 48 BARTLETT AVENUE LEXINGTON MA 02420 10958069 0 X WWW.LCA.EDU X 1946 MA AN INDEPENDENT COLLEGE PREPARATORY SCHOOL SERVING GRADES SIX THROUGH TWELVE. 15 15 204 100 0 0 521683 535724 9051212 8811731 689374 381796 0 0 10262269 9729251 0 0 0 0 5958341 5869572 0 0 240755 4030767 3989155 9989108 9858727 273161 -129476 39605558 39431910 21435579 21817043 18169979 17614867 LEXINGTON CHRISTIAN ACADEMY IS AN INDEPENDENT COLLEGE PREPARATORY SCHOOL THAT EXISTS TO EDUCATE YOUNG MEN AND WOMEN IN THE ARTS AND SCIENCES IN THE CONTEXT OF A COMPLETE COMMITMENT TO THE GOSPEL OF JESUS CHRIST. 0 0 8422502 8811731 LEXINGTON CHRISTIAN ACADEMY PROVIDES SCHOOLING FOR APPROXIMATELY 300 STUDENTS IN GRADES 6-12 AND A SUMMER DAY CAMP FOR APPROXIMATELY 2,000 CAMPERS THROUGH GRADE 12. 8422502 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 44 0 204 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X DEB VETH 7818627850 48 BARTLETT AVENUE LEXINGTON MA 02420 JAMES BOLTON CHAIRMAN 1.50 X X 0 0 0 ROBERT LAWRENCE VICE CHAIR 0.50 X X 0 0 0 GERALD MOORE TREASURER 0.50 X X 0 0 0 DIANE CAMBOURELIS CLERK OF THE BOARD 0.50 X X 0 0 0 JOSH BENNETT TRUSTEE 0.50 X 0 0 0 ROBERT BLOODWORTH TRUSTEE 0.50 X 0 0 0 ALEX CIST TRUSTEE 0.50 X 0 0 0 KENNETH FONG TRUSTEE 0.50 X 0 0 0 MICHAEL LEVITZ TRUSTEE 0.50 X 0 0 0 ERIC MOLLENHAUER TRUSTEE 0.50 X 0 0 0 BETH PETIPAS TRUSTEE 0.50 X 0 0 0 ELIZABETH SOMERS STUTZMAN TRUSTEE 0.50 X 0 0 0 WALLACE WADMAN TRUSTEE 0.50 X 0 0 0 TED WHEATLEY TRUSTEE 0.50 X 0 0 0 DAVID WILSON TRUSTEE 0.50 X 0 0 0 CHRISTINE METZGER HEAD OF SCHOOL 40.00 X 131993 0 43592 YOON-HI KING CHIEF FINANCIAL OFFICER (UP TO 8/18) 40.00 X 87216 0 4967 DEB VETH COO/CFO (AS OF 8/18) 40.00 X 43385 0 9138 262594 0 57697 1 0 1 0 0 535724 19321 535724 TUITION 611710 5347784 5347784 RESIDENTIAL LIFE 611710 1466250 1466250 SUMMER DAY CAMP 611710 900845 900845 INTENSIVE ACAD. ENG. 611710 346000 346000 LEXINGTON PREP SCHOOL INCOME 611710 260783 260783 490069 490069 8811731 151464 151464 1459150 1228818 230332 230332 230332 9729251 8811731 0 381796 337083 53166 239611 44306 4405950 3914326 397353 94271 101810 90801 9534 1475 623830 608290 382 15158 400899 353699 38669 8531 48099 48099 52094 52094 19059 19059 122724 62956 46983 12785 126893 126691 202 88698 7443 73830 7425 183799 61191 112401 10207 717004 686719 27893 2392 6217 2436 3775 6 619887 594861 21993 3033 874270 848256 22861 3153 86031 82558 3052 421 LUNCHROOM SUPPLIES 338069 338069 ATHLETIC PROGRAM EXPENS 126133 126133 STUDENT LIFE AND ACADEM 99347 99347 ACADEMIC PROGRAM EXPENS 96371 96371 384460 269189 77881 37390 9858727 8422502 1195470 240755 6239074 7212081 19321 34446 70974 36808647 12538476 24948231 24270171 7775970 7426475 607837 432888 39605558 39431910 715847 567414 17337459 16917591 3382273 4332038 21435579 21817043 X 12452756 12000332 2995684 2821545 2721539 2792990 18169979 17614867 39605558 39431910 -129476 -425636 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8297924 71451 -68621 408815 7891939 8020687 130195 858315 711273 8297924 6578643 90690 1623952 272598 8020687 7399787 17855 -577460 261539 6578643 6306529 568250 751113 226105 7399787 0.38230 0.35390 0.26380 0 0 3673623 3673623 27718780 7610633 20108147 1266868 1137062 129806 3177614 2842408 335206 971762 948373 23389 24270171 ADVANCED TUITION & FEES 4244886 STUDENT ACTIVITIES FUND 87152 4332038 X 9284556 -425636 -425636 9710192 19059 19059 9729251 9839668 0 9839668 19059 19059 9858727 PART X, LINE 2: THE SCHOOL IS EXEMPT FROM INCOME TAXES AS A PUBLIC CHARITY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. MANAGEMENT BELIEVES THAT THE SCHOOL OPERATES IN A MANNER CONSISTENT WITH THEIR TAX-EXEMPT STATUS AT BOTH THE STATE AND FEDERAL LEVEL. THE SCHOOL ANNUALLY FILES IRS FORM 990 - RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, REPORTING VARIOUS INFORMATION THAT THE IRS USES TO MONITOR THE ACTIVITIES OF TAX-EXEMPT ENTITIES. THESE TAX RETURNS ARE SUBJECT TO REVIEW BY THE TAXING AUTHORITIES GENERALLY FOR A PERIOD OF THREE YEARS AFTER THEY WERE FILED. THE SCHOOL CURRENTLY HAS NO TAX EXAMINATIONS IN PROGRESS. FORM 990, SCHEDULE D, PART XIII THE SCHOOL'S ENDOWMENT CONSISTS OF APPROXIMATELY SIXTY INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ITS ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED UPON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE SCHOOL HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. THE SCHOOL HAS A POLICY OF DISTRIBUTING ON AN ANNUAL BASIS BETWEEN 4% AND 6% OF ITS AVERAGE ANNUAL ENDOWMENT BALANCE FOR EACH OF THE THREE FISCAL YEARS PRECEDING THE END OF THE PREVIOUS FISCAL YEAR. THIS IS CONSISTENT WITH THE SCHOOL'S OBJECTIVE TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS HELD IN PERPETUITY OR FOR A SPECIFIED TERM AS WELL AS TO PROVIDE ADDITIONAL REAL GROWTH THROUGH NEW GIFTS AND INVESTMENT RETURN. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 IN ACCORDANCE WITH REV PROC. 75-50, THE SCHOOL HAS SATISFIED THE PUBLICITY REQUIREMENT AS A RESULT OF ITS PUBLICATION OF ITS RACIALLY NONDISCRIMINATORY POLICY IN ALL ITS BROCHURES AND CATALOGUES DEALING WITH STUDENT ADMISSIONS, PROGRAMS, AND SCHOLARSHIPS AND BY THE FACT THAT IT CURRENTLY ENROLLS STUDENTS OF RACIAL MINORITY GROUPS IN MEANINGFUL NUMBERS. THE POLICY IS ALSO PUBLISHED ANNUALLY IN THE BOSTON GLOBE. X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 CHRISTINE METZGER HEAD OF SCHOOL 131993 0 0 0 0 0 0 0 43592 0 175585 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL RESIDES IN A RESIDENTIAL UNIT, PROVIDED BY LEXINGTON CHRISTIAN ACADEMY, IN THE PROXIMITY OF THE SCHOOL CAMPUS FOR THE PURPOSE OF PROVIDING THE HEAD OF SCHOOL WITH A RESIDENCE IN ORDER TO ALLOW THE HEAD OF SCHOOL TO MORE EFFECTIVELY FURTHER THE BUSINESS INTERESTS OF THE SCHOOL. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 2006-02-17 2500000 CONSTRUCTION 0 0 0 B MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 2017-04-27 16410000 PURCHASE OF REAL ESTATE/PAY OFF OF BALANCE OF PRIOR BOND ISSUE 0 0 0 A 2500000 2500000 2006 0 0 1 1 B 16410000 16410000 2017 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 A 0 B 0 FORM 990, PART VI, SECTION A, LINE 2 FROM TIME TO TIME, TRUSTEES ENGAGE IN BUSINESS RELATIONSHIPS OUTSIDE OF AND UNRELATED TO THEIR DUTIES AS SCHOOL TRUSTEES. THOSE RELATIONSHIPS ARE DISCLOSED TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE EXTERNAL AUDITORS, A DRAFT COPY IS REVIEWED BY MANAGEMENT AND THEN REVIEWED BY THE BOARD. REVISIONS, CORRECTIONS, ETC. ARE MADE AS NECESSARY. THE REVISED COPY IS THEN DISCUSSED WITH THE FINANCE COMMITTEE. ONCE ALL ARE SATISFIED WITH THE FORM, IT IS FINALIZED AND FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS PROVIDED TO ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES. THESE PEOPLE ARE ASKED TO REVIEW THE POLICY AND SIGN A STATEMENT INDICATING THAT THEY UNDERSTAND THE POLICY, HAVE REPORTED ALL POTENTIAL CONFLICTS DURING THE PAST YEAR IN ACCORDANCE WITH THE POLICY AND WILL REPORT ALL POTENTIAL CONFLICTS DURING THE COMING YEAR. ALL POTENTIAL CONFLICTS ARE EVALUATED BY THE BOARD TO DETERMINE IF A CONFLICT ACTUALLY EXISTS. IN THOSE INSTANCES WHERE THE POTENTIAL TRANSACTION IS A CONFLICT THE BOARD EXAMINES THE TRANSACTION AND A VOTE IS TAKEN (WITH THOSE INVOLVED RECUSING THEMSELVES) AS TO WHETHER THE ORGANIZATION WILL ENTER INTO THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15A ANNUALLY THE BOARD CONDUCTS A PERFORMANCE REVIEW AND EVALUATION OF THE HEAD OF SCHOOL. THE REVIEW ALSO ESTABLISHES THE INDIVIDUAL'S COMPENSATION FOR THE FOLLOWING YEAR. THIS PROCESS INVOLVES THE EVALUATION OF THE INDIVIDUAL AND A REVIEW OF COMPENSATION OF COMPARABLE POSITIONS OBTAINED FROM THE FORM 990 OF SIMILAR ORGANIZATIONS. THE BOARD'S DELIBERATION AND DECISION IS NOTED IN THE MINUTES OF THE MEETING. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS (ARTICLES OF INCORPORATION AND BY-LAWS), ITS CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. THE ORGANIZATION WILL MAIL COPIES UPON REQUEST OR PROVIDE COPIES TO THOSE WHO COME TO THE ADMINISTRATIVE OFFICE DURING NORMAL BUSINESS HOURS. THE ORGANIZATION CHARGES FOR THE COPIES IN ACCORDANCE WITH IRS REGULATIONS.