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Nonprofit · EIN 27-1616131

LEADERSHIP PREP SCHOOL

Tax-exempt · FRISCO, TX 75034

Financials

$13.8M$13M2022$14M$13.5M2023$16.4M$14.9M2024
Revenue Expenses · by fiscal year end
Financials of LEADERSHIP PREP SCHOOL by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$16,350,700$14,858,740$1,491,960$56,583,289$47,076,681$9,506,608
June 30, 2024990$13,958,671$13,467,604$491,067$29,821,708$21,807,060$8,014,648
June 30, 2023990$13,772,984$13,020,474$752,510$28,043,000$20,519,419$7,523,581
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$15,441,978
of which government grants
$15,438,833
Program service revenue
$357,355
Investment income
$551,367
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$196,245
Other salaries and wages
$7,685,075
Salaries, compensation and benefits (total)
$9,399,157
Professional fundraising fees
$0
Legal fees
$10,382
Accounting fees
$27,000
Occupancy
$1,153,449
Travel
$172,863
Depreciation
$668,942
Program services (functional)
$13,275,199
Management and general (functional)
$1,564,783
Fundraising (functional)
$18,758

Balance sheet and other

Total assets, start of year
$29,821,708
Total assets, end of year
$56,583,289
Total liabilities, end of year
$47,076,681
Net assets, end of year
$9,506,608
Land, buildings and equipment
$37,831,596
Net assets without donor restrictions
$1,049,994
Net assets with donor restrictions
$8,456,614
Gross receipts
$16,350,700
Employees
220
Volunteers
100
Year formed
2010
State of legal domicile
TX

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
STACY ALTONSUPERINTENDENT
Officer
40$187,925$8,080
SHEILA CRAFTPresident
Trustee or director, Officer
2$0$0
MARK RENFROTreasurer
Trustee or director, Officer
2$0$0
JACOB MAKUVIREBOARD MEMBER
Trustee or director
2$0$0
SCOTT ARMENDARIZSecretary
Trustee or director, Officer
2$0$0
STEVE STROBLBOARD MEMBER
Trustee or director
2$0$0
MARNIE NELSONBOARD MEMBER
Trustee or director
2$0$0
JAMIE-LYNN HARRISBOARD MEMBER
Trustee or director
2$0$0
990 for the year ended June 30, 2024: 8 people
NameTitleHours / weekCompensationOther / benefits
STACY ALTONSUPERINTENDENT
Officer
40$182,981$7,920
SHEILA CRAFTPresident
Trustee or director, Officer
2$0$0
MARK RENFROTreasurer
Trustee or director, Officer
2$0$0
JACOB MAKUVIREBOARD MEMBER
Trustee or director
2$0$0
SCOTT ARMENDARIZSecretary
Trustee or director, Officer
2$0$0
JENNIFER BARKERBOARD MEMBER
Trustee or director
2$0$0
MARNIE NELSONBOARD MEMBER
Trustee or director
2$0$0
JAMIE-LYNN HARRISBOARD MEMBER
Trustee or director
2$0$0
990 for the year ended June 30, 2023: 9 people
NameTitleHours / weekCompensationOther / benefits
STACY ALTONSUPERINTENDENT
Officer
40$163,938$7,840
SHEILA CRAFTPresident
Trustee or director, Officer
2$0$0
DAVID STROUD-THRU 223BOARD MEMBER
Trustee or director
2$0$0
MARK RENFROTreasurer
Trustee or director, Officer
2$0$0
JACOB MAKUVIREBOARD MEMBER
Trustee or director
2$0$0
SCOTT ARMENDARIZSecretary
Trustee or director, Officer
2$0$0
JENNIFER BARKERBOARD MEMBER
Trustee or director
2$0$0
MARNIE NELSONBOARD MEMBER
Trustee or director
2$0$0
JAMIE-LYNN HARRIS-FROM 623BOARD MEMBER
Trustee or director
2$0$0

Address and contacts

Address (IRS master file)
8100 TEEL PKWY, FRISCO, TX 75034-0541
Principal officer (990 for 2024)
STACY ALTON, 8100 TEEL PARKWAY, FRISCO, TX 75034
Signed the 990
STACY ALTON, SUPERINTENDENT
Phone
(972) 370-3650
Return prepared by
Sutton Frost Cary LLP

Mission

THE MISSION OF LPS IS TO INSPIRE STUDENTS TO LEARN, GROW, AND LEAD FOR A LIFETIME. THE ACRONYM P.L.A.C.E. SUMMARIZES THE FIVE KEY AREAS THAT HAVE BEEN SELECTED AS THE FOCUS OF LPS' VISION: PARENT PARTNERSHIP, LEADERSHIP DEVELOPMENT, ACADEMICS, CREATIVITY, AND EXCELLENCE.

990 for the year ended June 30, 2025

Program accomplishments

  • LEADERSHIP PREP SCHOOL (LPS) IS AN OPEN ENROLLMENT CHARTER SCHOOL EDUCATING STUDENTS FROM KINDERGARTEN THROUGH TWELFTH GRADE. LPS HAS A SPECIAL FOCUS ON LEADERSHIP DEVELOPMENT WITH A HIGH LEVEL OF ACADEMIC INSTRUCTION.
    Expenses $13,275,199 · revenue $357,355

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
27-1616131
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2010
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B99)
Assets (IRS master file)
$56,583,289
Income (IRS master file)
$16,350,700

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$16,350,700$14,858,740$56,583,289XML
990June 2024$13,958,671$13,467,604$29,821,708XML
990June 2023$13,772,984$13,020,474$28,043,000XML
990June 2022$12,471,078$11,935,252$24,409,285IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-1616131).

Questions about LEADERSHIP PREP SCHOOL

What is the EIN of LEADERSHIP PREP SCHOOL?
The employer identification number (EIN) of LEADERSHIP PREP SCHOOL is 27-1616131.
Is LEADERSHIP PREP SCHOOL tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
Are donations to LEADERSHIP PREP SCHOOL tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does LEADERSHIP PREP SCHOOL file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of LEADERSHIP PREP SCHOOL due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did LEADERSHIP PREP SCHOOL last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of LEADERSHIP PREP SCHOOL?
The 990 for the year ended June 30, 2025 names STACY ALTON.
Who are the officers and directors of LEADERSHIP PREP SCHOOL?
The 990 for the year ended June 30, 2025 lists 8 people; 1 received compensation from the organization, the highest $187,925 (STACY ALTON, SUPERINTENDENT).
How much revenue does LEADERSHIP PREP SCHOOL have?
On its 990 for the year ended June 30, 2025 it reported revenue of $16,350,700, expenses of $14,858,740 and total assets of $56,583,289 at year end.

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