2026-03-19T10:54:01-05:00 2025-06-30 050409384 KAHN LITWIN RENZA & CO LTD 800 SOUTH STREET SUITE 300 WALTHAM MA 02453 990 2024-07-01 042134815 LEXINGTON CHRISTIAN ACADEMY LEXI 7818627850 48 BARTLETT AVENUE LEXINGTON MA 02420 BRIAN DONALDSON TREASURER 7818627850 2026-03-18 1 1 SANDY ROSS P01399337 7815478800 2026-03-20 2024 2025-03-06 01:10:19Z MICHAEL LANDERS 48 BARTLETT AVENUE LEXINGTON MA 02420 19661193 0 X WWW.LCA.EDU X 1946 MA AN INDEPENDENT COLLEGE PREPARATORY SCHOOL SERVING GRADES SIX THROUGH TWELVE. 16 16 211 41 0 0 578906 1041160 12904734 14881747 354026 863837 137971 122515 13975637 16909259 3460729 4655605 0 0 7015031 7986037 0 0 414857 3760801 4025629 14236561 16667271 -260924 241988 39966231 41014414 17833617 17736698 22132614 23277716 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 14598489 4655605 15004262 LEXINGTON CHRISTIAN ACADEMY PROVIDES SCHOOLING FOR APPROXIMATELY 320 STUDENTS IN GRADES 6-12. 14598489 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 22 0 1 211 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X VIVIAN LIN 7818627850 48 BARTLETT AVENUE LEXINGTON MA 02420 MICHAEL LANDERS CHAIRMAN 1.50 X X 0 0 0 GERALD MOORE VICE CHAIR 0.50 X X 0 0 0 KATELYN WOODS SYLVESTER SECRETARY 0.50 X X 0 0 0 BRIAN DONALDSON TREASURER 0.50 X X 0 0 0 ALEX CIST TRUSTEE 0.50 X 0 0 0 VIVIAN LEE TRUSTEE 0.50 X 0 0 0 TYRONE LATIN TRUSTEE 0.50 X 0 0 0 TED WHEATLEY TRUSTEE 0.50 X 0 0 0 ROBERTO LAVER TRUSTEE 0.50 X 0 0 0 MAURICE CHRISTMAS TRUSTEE 0.50 X 0 0 0 PHILIP CHEN TRUSTEE (AS OF 9/24) 0.50 X 0 0 0 ERIC MOLLENHAUER TRUSTEE 0.50 X 0 0 0 BETH SOMERS STUTZMAN TRUSTEE 0.50 X 0 0 0 BETH PETIPAS TRUSTEE 0.50 X 0 0 0 WALLACE W WADMAN TRUSTEE 0.50 X 0 0 0 ROBIN JOHN TRUSTEE (AS OF 9/24) 0.50 X 0 0 0 JAMES TALKINGTON INTERIM HEAD OF SCHOOL (TO 6/24) 40.00 X 129231 0 12206 VIVIAN LIN CHIEF FINANCIAL & OPERATING OFFICER 40.00 X 145631 0 6671 JOHN KHOURI HEAD OF SCHOOL (AS OF 7/24) 40.00 X 105220 0 9685 AMY CHANEY PRINCIPAL 40.00 X 132618 0 27823 512700 0 56385 4 0 1 0 COMPASS FACILITY SERVICES INC 65 JACKMAN STREET GEORGETOWN MA 01833 CLEANING SERVICES 166761 1 437081 604079 49010 1041160 TUITION 611600 11394600 11394600 RESIDENTIAL LIFE 611600 1271000 1271000 MEADOW BREEZE DAY CAMP 611600 1231168 1231168 INTENSIVE ACADEMIC AND 611600 610400 610400 OTHER SCHOOL REVENUE 611600 374579 374579 14881747 470632 470632 122515 0 122515 122515 122515 3145139 2751934 393205 393205 393205 16909259 15004262 0 863837 4655605 4655605 416529 362559 53970 5911622 5069208 625692 216722 132606 110746 15531 6329 1059231 870586 146910 41735 466049 375055 71378 19616 86400 86400 47187 47187 54836 54836 463817 409764 32199 21854 78665 78665 369085 301989 43107 23989 191758 173639 9547 8572 521886 500762 18553 2571 170896 168599 2161 136 11532 9060 2242 230 546323 524270 19378 2675 847117 812913 30060 4144 166520 159797 5908 815 FOOD 355494 339997 7836 7661 OTHER EXPENSES 63328 24040 35450 3838 DUES AND SUBSCRIPTIONS 43058 13794 29264 BAD DEBT EXPENSE 7727 7727 16667271 14598489 1653925 414857 4196081 4936207 157505 12376 380348 177424 263165 39702994 17456241 22879665 22246753 12382811 13011744 172745 163821 39966231 41014414 914819 1030037 2284441 2570225 14634357 14136436 17833617 17736698 X 15476065 16143597 6656549 7134119 22132614 23277716 39966231 41014414 241988 903114 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9741342 60550 1156042 486196 10471738 9081474 34905 1136013 511050 9741342 8144400 6800 1207290 277016 9081474 10770876 359029 -2510810 474695 8144400 7639130 131543 3430711 430508 10770876 0.33548 0.33886 0.32566 0 0 3681223 3681223 31057228 12915833 18141395 4809207 4459695 349512 155336 80713 74623 22246753 X 13101932 903114 -4655605 -3752491 16854423 54836 54836 16909259 11956830 0 11956830 54836 4655605 4710441 16667271 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 ITS TAX-EXEMPT STATUS AT BOTH THE STATE AND FEDERAL LEVELS. 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 PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID AND SCHOLARSHIPS -4,655,605. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND SCHOLARSHIPS 4,655,605. FORM 990, SCHEDULE D, PART XIII THE SCHOOL'S ENDOWMENT CONSISTS OF APPROXIMATELY SIXTY INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. THE 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 RETURNS. 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. 1 FINANCIAL AID- TUITION 143 3074669 FAIR MARKET VALUE REDUCTION IN TUITION TUITION REMISSION - FACULTY 26 691101 FAIR MARKET VALUE REDUCTION IN TUITION SCHOLARSHIPS - DAY 192 635695 FAIR MARKET VALUE REDUCTION IN TUITION FINANCIAL AID- BOARDING 6 147120 FAIR MARKET VALUE REDUCTION IN TUITION SCHOLARSHIPS BOARDING 8 107020 FAIR MARKET VALUE REDUCTION IN TUITION EMERGENCY FINANCIAL AID 0 0 FAIR MARKET VALUE REDUCTION IN TUITION PART I, LINE 2: ALL GRANTS/ASSISTANCE AWARDED OFFSET THE COST OF TUITION AND BOARDING. THESE GRANTS REDUCE THE AMOUNT OF MONEY THE GRANTEES HAVE TO PAY TO ATTEND THE SCHOOL AND/OR BOARD IN THE DORM. THE AMOUNT OF THE GRANT IS NEVER TRANSFERRED TO THE GRANTEES. ALL FUNDS AWARDED ARE REVIEWED BY THE SCHOOL'S FINANCIAL AID COMMITTEE AND/OR SCHOLARSHIP COMMITTEE TO MAKE SURE ALL RELEVANT CRITERIA ARE MET. 1 X X X X 0 0 0 0 0 0 0 0 0 AMY CHANEY PRINCIPAL 112618 0 20000 0 0 0 6003 0 21820 0 160441 0 0 0 VIVIAN LIN CHIEF FINANCIAL & OPERATING OFFICER 125631 0 20000 0 0 0 6177 0 494 0 152302 0 0 0 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 0 0 B 0 0 0 0 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 JOHN KHOURI HEAD OF SCHOOL REFINANCE OF PRINCIPAL RESIDENCE X 375000 380348 0 1 1 380348 SCHEDULE L, PART II, LOANS TO AND FROM INTERESTED PERSONS, (F) IN MARCH 2025, THE SCHOOL ADVANCED $375,000 TO THE HEAD OF SCHOOL (HOS) PURSUANT TO A PROMISSORY NOTE AGREEMENT. THE NOTE ACCRUES INTEREST AT A RATE OF 4.82% COMPOUNDED ANNUALLY, NOT TO EXCEED THE INCREASE IN THE FAIR VALUE OF THE PREMISES FROM THE ORIGINAL PURCHASE PRICE. NO PRINCIPAL OR INTEREST PAYMENTS ARE REQUIRED DURING THE TERM OF THE NOTE. THE NOTE MAY BE PREPAID, IN WHOLE OR IN PART, AT ANY TIME PROVIDED THAT ANY PARTIAL PREPAYMENT SHALL INCLUDE ALL INTEREST ACCRUED AT THE RATE OF 4.82%. THE NOTE IS SECURED BY THE SECOND MORTGAGE ON THE PREMISES. X 8 49010 FMV 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 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 ACCEPTED BY 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. FORM 990 PART XII LINE 2C THE ORGANIZATION HAS A COMMITTEE RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AS WELL AS THE SELECTION OF THE INDEPENDENT ACCOUNTANT.