2014-10-15T10:52:11-05:00 2014-06-30 050409384 KAHN LITWIN RENZA & CO LTD 800 SOUTH STREET SUITE 300 WALTHAM MA 02453 990 2013-07-01 042134815 LEXINGTON CHRISTIAN ACADEMY LEXI 7818627850 48 BARTLETT AVENUE LEXINGTON MA 02420 GERALD MOORE TREASURER 7818627850 2014-10-08 1 DEBORAH A HOPKINS P00167843 7815478800 2013 2015-11-30 17:44:51Z JAMES BOLTON 48 BARTLETT AVENUE LEXINGTON MA 02420 7550554 0 X WWW.LCA.EDU X 1946 MA AN INDEPENDENT COLLEGE PREPARATORY SCHOOL SERVING GRADES SIX THROUGH TWELVE. 18 18 146 240 0 0 1804302 448340 6237386 6268676 278739 383690 -6470 -6239 8313957 7094467 0 0 0 0 4140869 4373893 0 0 192890 2561921 2314741 6702790 6688634 1611167 405833 22470298 23800499 8724825 9101475 13745473 14699024 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 4865618 6268676 LEXINGTON CHRISTIAN ACADEMY PROVIDES SCHOOLING FOR APPROXIMATELY 311 STUDENTS IN GRADES 6-12 AND A SUMMER DAY CAMP FOR CHILDREN THROUGH GRADE 12 4865618 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 0 0 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 1 35 0 146 1 0 0 0 0 0 0 0 0 0 0 X 18 18 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X YOON-HI KING 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 DAVID WILSON TRUSTEE 0.50 X 0 0 0 ERIC MOLLENHAUER TRUSTEE 0.50 X 0 0 0 STEPHEN HAIG TRUSTEE 0.50 X 0 0 0 JOSEPH DATTILO TRUSTEE 0.50 X 0 0 0 KEN FONG TRUSTEE 0.50 X 0 0 0 MICHAEL STEVENS TRUSTEE 0.50 X 0 0 0 TED WHEATLEY TRUSTEE 0.50 X 0 0 0 CHARLES PU 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 MARK BOIVIN TRUSTEE 0.50 X 0 0 0 ROBERT BLOODWORTH TRUSTEE 0.50 X 0 0 0 STEPHEN PALMER TRUSTEE 0.50 X 0 0 0 BENJAMIN WARF TRUSTEE 0.50 X 0 0 0 TIMOTHY RUSSELL HEADMASTER 40.00 X 92285 0 14883 YOON-HI KING CHIEF FINANCIAL OFFICER 40.00 X 28750 0 16 121035 0 14899 0 0 0 0 PROSPECT BUILDING SERVICES CORP 360 PEARL STREET MALDEN MA 02148 BUILDING CLEANING SERVICES 106107 1 28450 419890 42018 448340 TUITION 611710 5044072 5044072 SUMMER DAY CAMP 611710 750674 750674 INTENSIVE ACAD. ENG. 611710 223238 223238 LUNCHROOM 611710 103847 103847 OTHER INCOME 611710 82095 82095 64750 64750 6268676 85865 85865 747673 449848 297825 297825 297825 0 28450 6239 -6239 -6239 7094467 6268676 0 377451 252119 181525 63030 7564 3280765 2363444 821517 95804 93177 70134 23043 493516 349380 124352 19784 254316 182103 64669 7544 22200 22200 34797 34797 37236 37236 80532 80532 186377 186377 63123 53958 9165 10300 10300 208895 208895 709454 502328 207126 56388 29207 27181 CLEANING & GROUNDS 131729 131729 MISCELLANEOUS 96665 19268 20947 56450 SUPPLIES 83456 83456 REPAIRS 81888 81888 511701 374390 131567 5744 6688634 4865618 1630126 192890 2021930 3144198 337938 49450 28085 26994 22437539 8633236 14334756 13804303 5353395 6277685 119980 130612 274214 367257 22470298 23800499 392241 386345 6807514 6622892 1525070 2092238 8724825 9101475 X 10662340 11313742 2859883 3158210 223250 227072 13745473 14699024 22470298 23800499 405833 547718 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5574634 10045 931298 209448 6306529 4764212 4050 1009784 203412 5574634 4632520 13956 271523 153787 4764212 3835046 67084 846739 116349 4632520 3166190 428717 348088 107949 3835046 0.54080 0.03600 0.42320 0 0 571923 571923 17092871 4841892 12250979 1249933 899616 350317 2580526 2011428 569098 942286 880300 61986 13804303 ADVANCED TUITION & FEES 2007954 STUDENT ACTIVITIES FUND 84284 2092238 X 7648423 547718 6238 553956 7094467 0 7094467 6694872 6238 6238 6688634 0 6688634 PART X, LINE 2: THE SCHOOL IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. MANAGEMENT BELIEVES THAT THE SCHOOL OPERATES IN A MANNER CONSISTENT WITH ITS 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. THE TAX RETURNS ARE SUBJECT TO REVIEW BY THE TAXING AUTHORITIES. THE FEDERAL INCOME TAX RETURNS FOR THE YEARS ENDED JUNE 30, 2011, 2012, AND 2013 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. THE SCHOOL CURRENTLY HAS NO TAX EXAMINATION IN PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES INCLUDED IN NET INCOME FROM FUNDRAISING ACTIVITIES PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES INCLUDED IN NET INCOME FROM FUNDRAISING ACTIVITIES 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. NOV 2013 FUNDRAISER 28450 28450 6239 28450 28450 6239 6239 -6239 A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 2006-02-17 2500000 CONSTRUCTION 0 0 0 B MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 2006-02-17 6000000 CONSTRUCTION 0 0 0 A 2500000 2500000 2006 0 0 1 1 B 6000000 6000000 2006 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 TIMOTHY RUSSELL HEAD OF SCHOOL 119980 SEE PART V 0 FORM 990, SCHEDULE L, PART IV THE SCHOOL ENTERED INTO A SHARED APPRECIATION AGREEMENT WITH THE HEAD OF SCHOOL, WHEREBY THE SCHOOL INVESTED $119,980 TO ASSIST WITH THE PURCHASE OF THE PRIMARY RESIDENCE FOR THE HEAD OF SCHOOL. THE INVESTMENT IS SECURED BY A MORTGAGE LIEN ON THE RESIDENCE, RECORDED AT THE MIDDLESEX SOUTH DISTRICT REGISTRY OF DEEDS. X 4 35779 FAIR MARKET VALUE X 1 6239 FAIR MARKET VALUE 0 0 0 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 11 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 HEADMASTER. 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.