2016-04-22T14:32:16-05:00 2015-06-30 410746749 CLIFTONLARSONALLEN LLP 402 SOUTH KENTUCKY AVENUE SUITE 600 LAKELAND FL 33801 990 2014-07-01 590730067 LAKELAND CHRISTIAN SCHOOL INC LAKE 8636882771 1111 FOREST PARK STREET LAKELAND FL 33803 MICHAEL SLIGH HEADMASTER 8636882771 2016-03-09 1 TORI LEHMAN P00313085 8636805600 2016-03-08 2014 2016-08-17 19:52:53Z MICHAEL SLIGH 1111 FOREST PARK STREET LAKELAND FL 33803 12909834 0 X WWW.LCSONLINE.ORG X 1954 FL TO PROVIDE INDEPENDENT DAY SCHOOL EDUCATION FOR GRADES K4-12. 13 13 210 80 0 0 650684 385283 10698231 11003380 87111 242960 75688 166215 11511714 11797838 1235107 1223024 0 0 6551502 6959584 0 0 61998 4048634 3982025 11835243 12164633 -323529 -366795 28307828 27691814 1222640 1163018 27085188 26528796 X TO PROVIDE INDEPENDENT DAY SCHOOL EDUCATION FOR GRADES K4-12. 0 0 11104477 1223024 11003380 LAKELAND CHRISTIAN SCHOOL IS ONE OF THE NATION'S PREMIER PRIVATE CHRISTIAN SCHOOLS. THE INSTITUTION WAS FOUNDED IN 1954 AND HAS NEARLY 1,100 STUDENTS, MAKING IT ONE OF THE OLDEST AND LARGEST NON-PUBLIC K4-12TH GRADE SCHOOLS IN WEST CENTRAL FLORIDA. HALLMARKS OF LCS INCLUDE CHALLENGING ACADEMICS, CHAMPIONSHIP ATHLETICS, AND AWARD-WINNING FINE ARTS. THE SCHOOL'S PRIMARY DISTINCTIVE, THOUGH, IS THE BIBLICAL WORLDVIEW THAT PERMEATES EVERY FACET OF SCHOOL LIFE. LCS IS NON-DENOMINATIONAL, AND SCHOOL FAMILIES REPRESENT MORE THAN 160 LOCAL CHURCHES.COTINUED ON SCHEDULE OLCS IS GOVERNED BY A 13-MEMBER BOARD OF DIRECTORS AND IS ACCREDITED BY THE ASSOCIATION OF CHRISTIAN SCHOOLS INTERNATIONAL (ACSI), THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS (SACS), THE FLORIDA COUNCIL OF INDEPENDENT SCHOOLS (FCIS), AND THE FLORIDA KINDERGARTEN COUNCIL (FKC).ALL FACULTY MEMBERS MAINTAIN PROFESSIONAL CERTIFICATION IN THEIR FIELDS. THE STUDENT-TO-FACULTY RATIO IS 15:1. THIRTY-TWO PERCENT OF THE FACULTY HOLD MASTER'S DEGREES AND 40% HAVE TAUGHT AT LCS FOR 10 YEARS OR MORE.THE TEST SCORES OF LCS STUDENTS CONSISTENTLY EXCEED LOCAL, STATE, AND NATIONAL AVERAGES. LCS OFFERS 35 ADVANCED PLACEMENT AND HONORS COURSES AND 95% OF ITS GRADUATES PURSUE COLLEGE.THE SCHOOL PROVIDES 43 ATHLETIC TEAMS, IN 13 SPORTS, FOR GRADES SIX THROUGH TWELVE. LCS HAS WON 21 STATE TITLES AND HAS CAPTURED 20 RUNNER-UP AWARDS. SIXTY-FIVE PERCENT OF SECONDARY STUDENTS PARTICIPATE IN ATHLETICS.THE OUTSTANDING FINE ARTS PROGRAM ENCOMPASSES NEARLY 500 STUDENTS. THE SCHOOL PRODUCES A MAJOR MUSICAL EACH YEAR, INCLUDING STUDENTS FROM ACROSS GRADE LEVELS. LCS ALSO PROVIDES PRIVATE PIANO LESSONS FOR MORE THAN 200 STUDENTS. THE BAND AND CHOIR PROGRAMS CONSISTENTLY GARNER STATEWIDE HONORS. 11104477 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 46 0 210 1 0 0 0 0 0 0 0 0 0 0 X 13 13 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X MATT GREEN 8636882771 1111 FOREST PARK STREET LAKELAND FL 33803 MR KEVIN KNOWLTON CHAIRMAN 1.00 X X 0 0 0 MR DAN GREEN DIRECTOR 1.00 X X 0 0 0 MRS PAYTON ALBRITTON DIRECTOR 1.00 X 0 0 0 MRS KRISTEN BOLTER DIRECTOR 1.00 X 0 0 0 MR DAN DELANGE DIRECTOR 1.00 X 0 0 0 MR DAVID MILLER DIRECTOR 1.00 X 0 0 0 MR BILL MUTZ DIRECTOR 1.00 X 0 0 0 MR DEAN NEDERVELD DIRECTOR 1.00 X 0 0 0 MRS BETH PATTESON SECRETARY 1.00 X X 0 0 0 MR CORY PETCOFF DIRECTOR 1.00 X 0 0 0 DR STEVE SLIGH DIRECTOR 1.00 X 0 0 0 DR JOHN O TUCKER DIRECTOR 1.00 X 0 0 0 MR JIM WILBANKS VICE - CHAIRMAN 1.00 X 0 0 0 MR MICHAEL SLIGH HEADMASTER 40.00 X 138327 0 20187 MR MATT GREEN CHIEF FINANCIAL OFFICER 40.00 X 60585 0 7626 198912 0 27813 1 0 1 0 0 32750 352533 385283 TUITION AND FEES 611110 9817750 9817750 FOOD SERVICE 611110 456331 456331 ATHLETICS 611110 365723 365723 CLUB AND CLASS 611110 363576 363576 11003380 118431 118431 11845 0 11845 11845 11845 1200657 1072940 3188 127717 -3188 124529 124529 0 32750 3556 -3556 -3556 53760 32312 21448 21448 MISCELLANEOUS INCOME 611110 111338 111338 YEARBOOK ADVERTISING 611110 24140 24140 ATHLETICS ADVERTISING 611110 1000 1000 136478 11797838 11003380 0 409175 1223024 1223024 281211 253089 28122 5420476 4878429 542047 141895 127705 14190 709924 638932 70992 406078 365470 40608 5418 5418 30000 30000 25718 25718 3045 3045 78336 70502 7834 351986 316787 35199 106657 95991 10666 608016 547214 60802 63886 57497 6389 63512 57161 6351 938412 844571 93841 169363 152427 16936 OTHER EDUCATION PROGRAM 722961 722961 CLUBS AND ACTIVITIES 682248 682248 YEARBOOK 70469 70469 ADVANCEMENT AND DEVELOP 61998 61998 12164633 11104477 998158 61998 419114 1000 489017 1176742 543544 75393 61456 83527 9260 63725 31587619 9759843 22343407 21827776 4442030 4463651 28307828 27691814 897343 787151 325297 288661 0 87206 1222640 1163018 X 26722611 26276150 362577 227646 25000 27085188 26528796 28307828 27691814 X -366795 -210681 21084 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 25000 25000 1.00000 0 0 1389076 1389076 26971681 7334301 19637380 2431295 1882299 548996 795567 543243 252324 21827776 CHECKS ISSUED AGAINST FUTURE DEPOSITS 87206 87206 X 10435701 -210681 71568 -139113 10574814 1223024 1223024 11797838 10992093 50484 50484 10941609 1223024 1223024 12164633 PART V, LINE 4: THE SCHOOL'S S ENDOWMENT WAS ESTABLISHED IN JUNE 2015 TO PROVIDE FINANCIAL AID TO STUDENTS. PART X, LINE 2: LAKELAND CHRISTIAN SCHOOL, INC. OPERATES AS A NOT-FOR-PROFIT ORGANIZATION AND IS EXEMPT FROM FEDERAL AND STATE OF FLORIDA INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE SCHOOL HAS ADOPTED ACCOUNTING STANDARDS CODIFICATION (ASC) 740-10 AS IT RELATES TO UNCERTAIN TAX POSITIONS. WHEN APPLICABLE, ANY INTEREST AND PENALTIES RECOGNIZED ASSOCIATED WITH A TAX POSITION ARE CLASSIFIED AS CURRENT LIABILITIES IN THE SCHOOL'S FINANCIAL STATEMENTS. THE SCHOOL IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EVENT EXPENSES 3,556. BAD DEBT RECOVERY 35,700. SPIRIT SHOP COST OF GOODS SOLD 11,147. CONCESSION STAND COST OF GOODS SOLD 21,165. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND DISCOUNTS 1,223,024. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EVENT EXPENSES 3,556. BAD DEBT WRITE-OFF 14,616. SPIRIT SHOP COST OF GOODS SOLD 11,147. CONCESSION STAND COST OF GOODS SOLD 21,165. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND DISCOUNTS 1,223,024. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 LAKELAND CHRISTIAN SCHOOL CUSTOMARILY DRAWS ITS STUDENTS FROM THE LOCAL COMMUNITY AND FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS. THEREFORE, THE PUBLICITY REQUIREMENT IS SATISFIED BY INCLUDING A STATEMENT OF ITS RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS IN ALL ITS BROCHURES AND CATALOGUES DEALING WITH STUDENT ADMISSIONS, PROGRAMS, AND FINANCIAL AID. A REFERENCE TO ITS RACIALLY NONDISCRIMINATORY POLICY IS ALSO INCLUDED IN OTHER WRITTEN ADVERTISING THAT IT USES AS A MEANS OF INFORMING PROSPECTIVE STUDENTS OF ITS PROGRAMS. IN ADDITION, THE SCHOOL PUBLISHES ITS RACIALLY NONDISCRIMINATORY POLICY IN THE LOCAL NEWSPAPER ANNUALLY. 60 FOR 60 32750 32750 1028 895 1633 32750 32750 1028 895 1633 3556 -3556 0 FINANCIAL AID FOR STUDENTS 136 530973 CASH VALUE TUITION DISCOUNTS TUITION DISCOUNTS FOR EMPLOYEES 61 692051 CASH VALUE TUITION DISCOUNTS PART I, LINE 2: THE ORGANIZATION USES A THIRD PARTY, FACTS GRANT AND AID, TO ASSIST IN THE PROCESS OF SELECTING APPLICANTS FOR FINANCIAL AID. FINANCIAL AID PACKETS ARE FILLED OUT BY FAMILIES AND SENT IN TO THE THIRD PARTY FOR ANALYSIS. THE THIRD PARTY ASSESSES THE NEED BASED ON ALL THE APPLICANTS AND RESPONDS WITH RECOMMENDATIONS TO THE ORGANIZATION. THE FINANCE COMMITTEE MEETS AND ALLOCATES THE BUDGETED FINANCIAL AID TO THE PERCENTAGE OF FINANCIAL NEED BASED ON THE THIRD PARTY ASSESSMENT. X X X 0 0 0 0 0 0 0 0 0 MR MICHAEL SLIGH HEADMASTER 138327 0 0 0 0 0 6842 0 13345 0 158514 0 0 0 20123 FINANCIAL AID 52704 TUITION DISCOUNTS FORM 990, PART VI, SECTION A, LINE 2 STEVE SLIGH (DIRECTOR) AND MICHAEL SLIGH (HEADMASTER) HAVE A FAMILY RELATIONSHIP. DAN GREEN (DIRECTOR) AND MATT GREEN (CHIEF FINANCIAL OFFICER) HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PREPARED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM BASED ON DATA SUPPLIED BY THE ORGANIZATION. THE LAKELAND CHRISTIAN SCHOOL BOARD OF DIRECTORS ARE EACH EMAILED A COPY OF FORM 990 FOR THEIR REVIEW AND ASKED TO RESPOND IF THEY HAVE ANY COMMENTS OR CONCERNS. THE 990 IS ALSO REVIEWED BY THE HEADMASTER AND THE CHIEF FINANCIAL OFFICER BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C ANY DIRECTOR, OFFICER, OR MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS, WHO HAS DIRECT OR INDIRECT FINANCIAL INTEREST IN A TRANSACTION, CONTRACT, OR ARRANGEMENT, IS AN INTERESTED PERSON. DUTY TO DISCLOSE - IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION, CONTRACT, OR ARRANGEMENT. DETERMINING WHETHER A CONFLICT OF INTEREST EXISTS - AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. PROCEDURES FOR ADDRESSING THE CONFLICT OF INTEREST A. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE GOVERNING BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. B. THE CHAIRPERSON OF THE GOVERNING BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION, CONTRACT, OR ARRANGEMENT C. AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE SCHOOL CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION, CONTRACT, OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. D. IF A MORE ADVANTAGEOUS TRANSACTION, CONTRACT, OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION, CONTRACT, OR ARRANGEMENT IS IN THE SCHOOL'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION IT SHALL MAKE ITS DECISION AS TO WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION, CONTRACT, OR ARRANGEMENT. VIOLATIONS OF THE CONFLICT OF INTEREST POLICY A. IF THE GOVERNING BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. B. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE GOVERNING BOARD OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. THE MINUTES OF THE GOVERNING BOARD AND ALL COMMITTEES WITH BOARD DELEGATED POWER SHALL CONTAIN: A. THE NAMES OF THE PERSONS WHO DISCLOSED OR OTHERWISE WERE FOUND TO HAVE A FINANCIAL INTEREST IN CONNECTION WITH AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, THE NATURE OF THE FINANCIAL INTEREST, ANY ACTION TAKEN TO DETERMINE WHETHER A CONFLICT OF INTEREST WAS PRESENT, AND THE GOVERNING BOARD'S OR COMMITTEE'S DECISION AS TO WHETHER A CONFLICT OF INTEREST IN FACT EXISTED. B. THE NAMES OF THE PERSONS WHO WERE PRESENT FOR DISCUSSIONS AND VOTES RELATING TO THE TRANSACTION, CONTRACT, OR ARRANGEMENT, THE CONTENT OF THE DISCUSSION, INCLUDING ANY ALTERNATIVES TO THE PROPOSED TRANSACTION, CONTRACT, OR ARRANGEMENT, AND A RECORD OF ANY VOTES TAKEN IN CONNECTION WITH THE PROCEEDINGS. FORM 990, PART VI, SECTION B, LINE 15A THE PROCESS FOR DETERMINING COMPENSATION OF THE HEADMASTER INCLUDES REVIEW AND APPROVAL BY A COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS AND ALL DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN THE MINUTES. A COMPENSATION SURVEY IS USED IN DETERMINING THE COMPENSATION OF THE HEADMASTER EVERY TWO YEARS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: BAD DEBT WRITE-OFF -14,616. BAD DEBT RECOVERY 35,700.