2026-06-15T10:06:21-07:00 2025-07-31 752593210 Sutton Frost Cary LLP 200 E Front St Suite 200 Arlington TX 76011 990 2024-08-01 752039769 L P S DEVELOPMENT CORPORATION LPSD 2148262931 2720 HILLSIDE DRIVE DALLAS TX 75214 GREGORY CHALDFIN HEAD OF SCHOOL 2026-06-15 true true Carroll Elizabeth Arnott P01965628 8176498083 2024 2025-03-06 01:10:19Z MATTHEW TRENT 2720 HILLSIDE DRIVE DALLAS TX 75214 350000 false X lakehillprep.org X 1992 TX THE ORGANIZATION WAS ESTABLISHED TO RECEIVE, MAINTAIN AND OWN REAL ESTATE AND USE ANY OR ALL THE DERIVED INCOME FOR EDUCATIONAL PURPOSES AS NEEDED BY LAKEHILL PREPARATORY SCHOOL. 4 3 0 3 0 0 0 0 -201811 -193786 -201811 -193786 0 0 0 0 0 0 0 -201811 -193786 10666071 10168047 9766613 9462375 899458 705672 THE ORGANIZATION WAS ESTABLISHED TO RECEIVE, MAINTAIN AND OWN REAL ESTATE AND USE ANY OR ALL THE DERIVED INCOME FOR EDUCATIONAL PURPOSES AS NEEDED BY LAKEHILL PREPARATORY SCHOOL. false false THE ORGANIZATION WAS ESTABLISHED TO RECEIVE, MAINTAIN AND OWN REAL ESTATE AND USE ANY OR ALL THE DERIVED INCOME FOR EDUCATIONAL PURPOSES AS NEEDED BY LAKEHILL PREPARATORY SCHOOL. true false false false false false false false false false true false false false true true false true false false false false false false false false false false false false false false false false false false false false false false false false false true false false false true 0 0 false 0 false false false false false false false 0 false false false false false false false X 4 3 false false false false false false false true true false false false true false true false false false false false X GAYLIN BANKS 2148262931 2720 HILLSIDE DRIVE DALLAS TX 75214 X MATTHEW TRENT President 1.00 5.00 X X 0 0 0 KAREN OWEN VP/SECRETARY 1.00 5.00 X X 0 0 0 KATIE LAVIE Treasurer 1.00 2.00 X X 0 0 0 GREGORY CHALDFIN-FROM 725 HEAD OF SCHOOL 1.00 40.00 X X 0 0 0 0 false false false 0 0 0 0 0 0 350000 543786 -193786 -193786 -193786 0 0 0 0 0 -193786 -193786 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 20062123 9924071 10666071 10138052 0 0 0 0 29995 10666071 10168047 525000 170000 9241613 9292375 9766613 9462375 X 899458 705672 899458 705672 10666071 10168047 -193786 X false true X true false X 0 350000 350000 350000 350000 350000 1750000 0 0 0 350000 350000 350000 350000 350000 1750000 0 0 1750000 0 0 0 0 350000 350000 350000 350000 350000 1750000 1.00000 1.00000 0.00000 X 1141204 1141204 9814539 3563355 6251184 9106380 6360716 2745664 10138052 DUE TO AFFILIATES 9292375 9292375 X 350000 543786 543786 -193786 -193786 543786 543786 543786 Part X : FIN48 Footnote LPS and LPSDC are exempt from federal income taxes under section 501(c)(3) of the Internal Revenue Code (IRC) and have not been classified as private foundations as defined in the IRC. Income generated from activities unrelated to the Schools exempt purposes is subject to tax under IRC Section 511. The School had no unrelated business income for the year ended July 31, 2025. Accordingly, no provision has been made for federal income tax.GAAP requires the evaluation of tax positions taken in the course of preparing the Schools tax return and recognition of a tax liability (or asset) if the School has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Management has analyzed the tax positions taken by the School, and has concluded that as of July 31, 2025, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the combined financial statements. Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 RENT EXPENSES $543786 Part XII, Line 2d: Other expenses and losses per audited F/S RENT EXPENSES $543786 Form 990, Part VI, Section B, Line 11b OFFICERS REVIEW THE 990 AND APPROVE PRIOR TO SIGNING AND FILING. Form 990, Part VI, Section B, Line 12c WHEN CONFLICTS OF INTEREST ARISE, THE INDIVIDUAL WITH THE CONFLICT IS EXPECTED TO DISCLOSE IN WRITING THE EXISTENCE OF THE CONFLICT TO THE BOARD OF DIRECTORS. Form 990, Part VI, Section C, Line 19 AVAILABLE ON REQUEST AT MAIN OFFICE. LAKEHILL PREPARATORY SCHOOL 2720 HILLSIDE DRIVE DALLAS TX 75214 751366180 PREPARATORY SCHOOL TX 501(C)(3) 2 N/A false false false false false true false false false false false true false false false true false false false false LAKEHILL PREPARATORY SCHOOL e 9292375 AMOUNT DUE LAKEHILL PREPARATORY SCHOOL k 350000 AMOUNT PAID