2015-01-27T15:29:22-06:00 2014-06-30 611015031 KRING RAY FARLEY & RIDDLE PSC 444 EAST MAIN STREET STE 203 LEXINGTON KY 40507 990 2013-07-01 610563291 LEXINGTON SCHOOL INC LEXI 8592780501 1050 LANE ALLEN ROAD LEXINGTON KY 40504 ROBERT K THOMPSON DIRECTOR OF ADMINISTRATIVE SERVICES 8592780501 2015-01-27 1 KRING RAY FARLEY RIDDLE PSC P00067109 8592310541 2013 2016-02-25 16:41:14Z ROBERT K THOMPSON 1050 LANE ALLEN ROAD LEXINGTON KY 40504 14526427 0 X WWW.THELEXINGTONSCHOOL.ORG X 1959 KY EDUCATION 25 25 212 200 0 0 2003476 1867259 10746810 11465499 787420 690485 214691 395499 13752397 14418742 1780140 1835476 0 0 6970300 7494758 0 0 115196 4182564 4394460 12933004 13724694 819393 694048 45885940 50950182 10442149 10408964 35443791 40541218 PROVIDE AN EDUCATION OF THE HIGHEST QUALITY TO STUDENTS IN PRESCHOOL THROUGH MIDDLE SCHOOL. IN A STRUCTURED, NURTURING ENVIRONMENT, THE LEXINGTON SCHOOL SEEKS TO INSTILL INTEGRITY, A LIFE-LONG ENTHUSIASM FOR LEARNING, AND A STRONG WORK ETHIC. 0 0 10486016 1835476 11589702 EDUCATIONAL ACTIVITIES - 561 STUDENTS ENROLLED 10486016 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 1 71 0 1 212 1 0 0 0 0 0 1 1 0 0 0 0 X 25 25 1 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 KY X X ROBERT THOMPSON 8592780501 1050 LANE ALLEN ROAD LEXINGTON KY 40504 MARGARET GRAVES PRESIDENT 5.00 X X 0 0 0 ROGER BEAN TREASURER 5.00 X X 0 0 0 CHRIS YOUNG BOARD MEMBER 3.00 X 0 0 0 WOODFORD WEBB BOARD MEMBER 3.00 X 0 0 0 CRAIG BANDOROFF BOARD MEMBER 3.00 X 0 0 0 ANTHANY BEATTY BOARD MEMBER 3.00 X 0 0 0 ANGELA BECK VICE PRESIDENT 5.00 X X 0 0 0 PATRICK MADDEN BOARD MEMBER 3.00 X 0 0 0 MOLLY STRASSNER TRUSTEE EMERITUS 0.50 X 0 0 0 JOSEPHINE E ABERCROMBIE TRUSTEE EMERITUS 0.50 X 0 0 0 MRS JOHN A BELL III TRUSTEE EMERITUS 0.50 X 0 0 0 ROBERT M BREWER TRUSTEE EMERITUS 0.50 X 0 0 0 JAMES G KENAN TRUSTEE EMERITUS 0.50 X 0 0 0 BETTY KENAN TRUSTEE EMERITUS 0.50 X 0 0 0 WILLIAM YOUNG TRUSTEE EMERITUS 0.50 X 0 0 0 BARBARA YOUNG TRUSTEE EMERITUS 0.50 X 0 0 0 BRUCE M BELIN BOARD MEMBER 3.00 X 0 0 0 BRUTUS CLAY IV BOARD MEMBER 3.00 X 0 0 0 MARNIE HOLOUBEK BOARD MEMBER 3.00 X 0 0 0 THOMAS W MILLER SECRETARY 5.00 X X 0 0 0 MELANIE SIMPSON BOARD MEMBER 3.00 X 0 0 0 TRACIE STURGILL BOARD MEMBER 3.00 X 0 0 0 NANCY GRIMES TRUSTEE EMERITUS 0.50 X 0 0 0 CHRIS BOWLING BOARD MEMBER 3.00 X 0 0 0 LUCY BARROW CALHOUN BOARD MEMBER 3.00 X 0 0 0 SHAZIA IQBAL BOARD MEMBER 3.00 X 0 0 0 ANGIE THOMAS BOARD MEMBER 3.00 X 0 0 0 TOI MORTON BOARD MEMBER 3.00 X 0 0 0 ANNE DE CASTRO BOARD MEMBER 3.00 X 0 0 0 QUISHA RAY BOARD MEMBER 3.00 X 0 0 0 LUKE FALLON BOARD MEMBER 3.00 X 0 0 0 CELESTE NEUMAN BOARD MEMBER 3.00 X 0 0 0 TOMI ANNE PULLIAM BOARD MEMBER 3.00 X 0 0 0 BILL SHIVELY BOARD MEMBER 3.00 X 0 0 0 CHUCK BALDECCI HEADMASTER 40.00 X 332798 0 108693 UNA MCCARTHY ASST HEADMASTER/DIR MIDDLE 40.00 X 153171 0 53687 ROBERT K THOMPSON BUSINESS MANAGER 40.00 X 148010 0 41058 633979 0 203438 3 0 1 0 FRANTZ INC 852 FLOYD DR LEXINGTON KY 40505 HVAC SERVICES 265215 AMERICA'S FINEST WOODWORKING TEAM INC 800 ENTERPRISE DRIVE LEXINGTON KY 40510 CABINETS AND INSTALLATION 116094 2 1867259 27936 1867259 TUITION AND FEES 611600 10584121 10584121 EDUCATIONAL PROGRAMS 611710 645256 645256 STUDENT ACTIVITIES 611710 236122 236122 11465499 690485 690485 378981 107685 271296 271296 MISCELLANEOUS 611600 124203 124203 124203 14418742 11589702 0 961781 1835476 1835476 633979 153171 480808 5363967 4028993 1334974 360310 251232 109078 713293 469694 243599 423209 295090 128119 5993 5993 33907 33907 22992 22992 15030 15030 177606 46290 16120 115196 141957 28682 113275 413430 413430 13707 13707 181862 122191 59671 246541 246541 940028 940028 107372 107372 STUDENT ACTIVITIES 1137724 1137724 LUNCH ROOM EXPENSE 288729 288729 UTILITIES 245502 245502 BAD DEBTS 104085 104085 317995 125699 192296 13724694 10486016 3123482 115196 4624 10137 3780876 4475441 3420610 3272380 121705 118711 9157 0 317856 362708 23021425 10154023 13003188 12867402 17982984 21296314 7241940 8544589 3000 2500 45885940 50950182 1078720 1425360 1032286 1108641 6088230 5626131 2100000 2000000 142913 248832 10442149 10408964 X 17631366 21066401 2935117 4516043 14877308 14958774 35443791 40541218 45885940 50950182 694048 4403379 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 25224924 498720 5087389 970130 29840903 20402468 812222 4834336 824102 25224924 18079765 1323772 1709876 710945 20402468 14386873 1342446 3457224 -1106778 18079765 11455535 1996210 1513996 -578868 14386873 0.41100 0.14270 0.44630 1 0 444639 444639 18545862 7298200 11247662 3342898 2536136 806762 688026 319687 368339 12867402 BERKSHIRE HATHAWAY > 5% TOTAL ASSETS 3418209 F JOHNSON & JOHNSON > 5% TOTAL ASSETS 5126380 F 8544589 OBLIGATION UNDER CAPITAL LEASE 248832 248832 18929806 4403379 107685 4511064 14418742 0 14418742 13832379 107685 107685 13724694 0 13724694 PART V, LINE 4: PART V, LINE 4: EARNINGS FROM ENDOWMENT FUNDS ARE USED TO OFFSET COSTS OF EDUCATIONAL PROGRAMS PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES PART XII, LINE 2D PART XII, LINE 2D AND PART XIII, LINE 2D: GENERAL FUNDRAISING EXPENSES NOT APPLICABLE TO SPECIAL EVENTS 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 POLICY INCLUDED AS INTEGRAL PART OF ALL PROMOTIONAL BROCHURES AND ADVERTISING RELATING TO ADMISSIONS IN LOCAL MEDIA CELEBRATION 378981 378981 107685 378981 378981 107685 107685 271296 1 FINANCIAL AID FOR TUITION 185 1835476 FMV PART I, LINE 2: THE SCHOOL MAKES FUNDS AVAILABLE ON AN ANNUAL BASIS TO ASSIST PARENTS WHO DEMONSTRATE NEED IN MEETING THE COST OF AN INDEPENDENT SCHOOL EDUCATION. AFTER FILING AN ADMISSION APPLICATION WITH THE SCHOOL, FAMILIES MAY REQUEST A FINANCIAL AID APPLICATION WHICH REQUIRES THEM TO PROVIDE FINANCIAL INFORMATION TO BE CONSIDERED IN AWARDING AID. THE APPLICATION FOR FINANCIAL AID IS MAILED TO THE SCHOOL AND STUDENT SERVICE FOR FINANCIAL AID FOR PROCESSING. THE SERVICE EVALUATES THE DATA PROVIDED AND FURNISHES THE SCHOOL WITH AN ESTIMATE OF ACTUAL NEED. THE SCHOOL USES THIS ESTIMATE IN DETERMINING THE AMOUNT OF AID TO BE PROVIDED. FINANCIAL AID IS AWARDED WITHOUT REGARD TO RACE, COLOR, RELIGION, NATIONAL OR ETHNIC ORIGIN. X X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 CHUCK BALDECCI HEADMASTER 311258 0 330 0 21210 0 35700 0 72993 0 441491 0 0 0 UNA MCCARTHY ASST HEADMASTER/DIR MIDDLE 142107 0 330 0 10734 0 0 0 53687 0 206858 0 0 0 ROBERT K THOMPSON BUSINESS MANAGER 145629 0 330 0 2051 0 12500 0 28558 0 189068 0 0 0 PART I, LINE 1A TRAVEL AND EXPENSES FOR SPOUSE OF HEADMASTER TO ATTEND NATIONAL EDUCATION CONFERENCE IS PAID BY THE SCHOOL. CONFERENCE ORGANIZERS ENCOURAGE ATTENDANCE BY SPOUSES AND INCLUDE SPECIFIC ACTIVITIES FOR THEM DURING REGULAR SESSIONS. ADDITIONAL COSTS FOR SPOUSE TO ATTEND ARE INCLUDED AS TAXABLE COMPENSATION TO THE HEADMASTER. SMALL DISCRETIONARY SPENDING ACCOUNT FOR HEADMASTER IS INCLUDED AS PART OF ANNUAL BUDGET OF SCHOOL AND APPROVED BY THE BOARD OF TRUSTEES. ACCOUNT IS TO BE USED FOR EDUCATION RELATED EXPENSES. PART I, LINE 4B CHUCK BALDECCI, $35,700 ROBERT THOMPSON, $12,500 A LEXINGTON-FAYETTE URBAN COUNTY GOVERNMENT 610858140 2004-03-25 10000000 CONSTRUCTION AND RENOVATION OF FACILITIES 0 0 0 A 10000000 2005 0 0 1 1 A 0 0 0 0 0 0 1 A 1 0 0 0 0 1 A 0 BOARD MEMBER BOARD MEMBER 13200 FINANCIAL AID OFFICERS AND KEY EMPLOYEES OFFICERS AND KEY EMPLOYEES 68035 TUITION REMISSION THOMAS W MILLER OFFICER AND BOARD MEMBER 1601 LEGAL SERVICES 0 X 6 27818 FMV--HIGH/LOW METHOD X SUPPLIES 1 118 FMV 0 1 0 PART I, COLUMN (B): 1.) NUMBER OF CONTRIBUTIONS IS BASED ON NUMBER OF CONTRIBUTORS 2.) NUMBER OF STOCK CONTRIBUTIONS INCLUDES ONE GIFT OF STOCK RECEIVED ON A PRIOR YEAR PLEDGE TOTALING $26,076. THIS AMOUNT WAS NOT RECOGNIZED AS REVENUE ON PART VII, SO WAS NOT INCLUDED IN TOTAL REVENUE ABOVE. FORM 990, PART VI, SECTION A, LINE 2 THERE ARE TWO SEPARATE COUPLES WHO ARE TRUSTEES EMERITUS AND CURRENT BOARD MEMBER IS THE SON OF ONE OF THESE COUPLES FORM 990, PART VI, SECTION A, LINE 7A BOARD OF TRUSTEES HAS A NOMINATING COMMITTEE WHICH INTERVIEWS THOSE INTERESTED IN JOINING THE BOARD. NOMINATING COMMITTEE RECOMMENDS NEW MEMBERS TO THE BOARD OF TRUSTEES FOR VOTE. FORM 990, PART VI, SECTION B, LINE 11 THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES IS CHARGED WITH REVIEWING THE FORM 990 EXTENSIVELY. ONCE APPROVED BY THE FINANCE COMMITTEE, FORM 990 IS MADE AVAILABLE TO THE BOARD OF TRUSTEES FOR REVIEW PRIOR TO THE FILING. SHOULD THE FINANCE COMMITTEE AND/OR BOARD OF TRUSTEES NOT BE ABLE TO CONVENE A MEETING PRIOR TO THE FILING DEADLINE, THE EXECUTIVE COMMITTEE IS AUTHORIZED TO REVIEW THE FORM 990 AND APPROVE FOR FILING. THE FINANCE COMMITTEE WILL PERFORM ITS REVIEW AT THEIR NEXT REGULARLY SCHEDULED MEETING AND THEN PRESENT FORM 990 TO THE BOARD OF TRUSTEES AT THEIR NEXT REGULARLY SCHEDULED MEETING. SCHEDULE B, SCHEDULE OF CONTRIBUTORS, IS NOT AVAILABLE FOR REVIEW BEYOND THE EXECUTIVE COMMITTEE LEVEL. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS ARE REQUIRED TO SIGN WRITTEN DISCLOSURE STATEMENT CONCERNING ANY EXISTING OR POTENTIAL CONFLICTS OF INTEREST. DIRECTORS ARE REQUIRED TO NOTIFY TRUSTEES IF CIRCUMSTANCES CHANGE DURING THE FISCAL YEAR. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION COMMITTEE REVIEWS PROPOSED CONTRACTS FOR HEAD OF SCHOOL INCLUDING COMPARING CONTRACT TERMS WITH OTHER COMPENSATION ARRANGEMENTS FOR SIMILAR POSITIONS IN OTHER INDEPENDENT SCHOOLS IN THE AREA. COMMITTEE PROPOSES CONTRACT TERMS TO THE BOARD OF TRUSTEES FOR REVIEW AND APPROVAL FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S POLICY IS TO MAKE APPLICATION FOR TAX EXEMPTION AS WELL AS FORM 990 AVAILABLE FOR PUBLIC INSPECTION IN THE SCHOOL'S BUSINESS OFFICE DURING REGULAR HOURS OF OPERATION. DOCUMENTS ARE PROVIDED FOR REVIEW UPON WRITTEN REQUEST. FORM 990, SCHEDULE B, SCHEDULE OF CONTRIBUTORS, IS NOT AVAILABLE FOR REVIEW BEYOND THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. FORM 990, PART XI, LINE 2C THE PROCESS OF REVIEWING AND APPROVING AUDITED FINANCIAL STATEMENTS BY THE FINANCE COMMITTEE AND THE BOARD OF TRUSTEES HAS NOT CHANGED FROM PRIOR YEARS.