Lake Highland Preparatory School Foundation Inc
Lake Highland Preparatory School Foundation consistently grows assets with zero officer compensation.
EIN: 200724295 · Orlando, FL · NTEE: B112 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $870K |
| Total Expenses | $210K |
| Program Spending | 80% |
| Net Assets | $11.8M |
| Transparency Score | 85/100 |
Is Lake Highland Preparatory School Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lake Highland Preparatory School Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lake Highland Preparatory School Foundation Inc
Lake Highland Preparatory School Foundation Inc (EIN: 200724295) is a nonprofit organization based in Orlando, FL, classified under NTEE code B112. The organization reported total revenue of $870K and total assets of $21.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lake Highland Preparatory School Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lake Highland Preparatory School Foundation Inc is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 32.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $210K |
| Surplus / Deficit | +$1.0M |
| Total Assets | $18.6M |
| Total Liabilities | $6.8M |
| Net Assets | $11.8M |
| Operating Margin | 83.1% |
| Debt-to-Asset Ratio | 36.5% |
| Months of Reserves | 1066.4 months |
Financial Health Grade: A
In 2023, Lake Highland Preparatory School Foundation Inc reported a surplus of $1.0M with revenue exceeding expenses, holds 1066.4 months of operating reserves (strong position), has a debt-to-asset ratio of 36.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lake Highland Preparatory School Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 32.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +147.0% | +3.5% | +10.7% |
| 2022 | +25.5% | +28.6% | -3.8% |
| 2021 | +115.0% | +0.2% | +10.4% |
| 2020 | -64.8% | +12.1% | +2.7% |
| 2019 | +185.9% | +5.0% | +6.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Lake Highland Preparatory School Foundation Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Lake Highland Preparatory School Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 36.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees receive compensation directly from the foundation, which is a strong positive for financial transparency and resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Lake Highland Preparatory School Foundation Inc's IRS 990 filings:
- Lack of detailed expense breakdown in available data makes it difficult to fully assess program spending efficiency.
Strengths
The following positive indicators were identified for Lake Highland Preparatory School Foundation Inc:
- Consistent asset growth, indicating strong financial management and long-term stability (Assets grew from $11,108,661 in 201406 to $18,643,680 in 202306).
- Zero reported officer compensation across all filings, demonstrating high transparency and dedication to mission.
- Low expense ratios relative to revenue in many periods, suggesting efficient operations or significant endowment contributions.
- Strong revenue generation in recent periods, with $1,238,187 in 202306.
Frequently Asked Questions about Lake Highland Preparatory School Foundation Inc
Is Lake Highland Preparatory School Foundation Inc a legitimate charity?
Lake Highland Preparatory School Foundation Inc (EIN: 200724295) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $870K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Lake Highland Preparatory School Foundation Inc spend its money?
Lake Highland Preparatory School Foundation Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Lake Highland Preparatory School Foundation Inc tax-deductible?
Lake Highland Preparatory School Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200724295). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lake Highland Preparatory School Foundation Inc's spending goes to programs?
Lake Highland Preparatory School Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lake Highland Preparatory School Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Lake Highland Preparatory School Foundation Inc is above average for NTEE category B112 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lake Highland Preparatory School Foundation Inc located?
Lake Highland Preparatory School Foundation Inc is headquartered in Orlando, Florida and files with the IRS under EIN 200724295. It is classified under NTEE code B112.
How many years of IRS 990 filings does Lake Highland Preparatory School Foundation Inc have?
Lake Highland Preparatory School Foundation Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $870K in total revenue.
What is the primary use of the foundation's growing assets?
Given the NTEE code B112 (Elementary & Secondary Education) and the consistent asset growth, the assets are likely held as an endowment to provide long-term financial support for Lake Highland Preparatory School, rather than for immediate operational expenses.
Why are expenses so low relative to revenue in some periods?
Periods with very low expenses relative to revenue, such as 201406 (Revenue=$4,353,889, Expenses=$0) and 201606 (Revenue=$990,767, Expenses=$37,376), suggest that a significant portion of revenue is likely directed towards investment in the endowment or other asset-building activities rather than immediate programmatic or operational spending.
Does the foundation directly fund school programs?
While the foundation's mission is to support the school, the financial data primarily indicates asset growth and endowment management. The extent of direct program funding would require a more detailed breakdown of the 'Expenses' category in the 990 filings.
Filing History
IRS 990 filing history for Lake Highland Preparatory School Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lake Highland Preparatory School Foundation Inc's revenue has grown by 2866.3%, moving from $42K to $1.2M. Total assets increased by 175.5% over the same period, from $6.8M to $18.6M. Total functional expenses rose by 2658.5%, from $8K to $210K. In its most recent filing year (2023), Lake Highland Preparatory School Foundation Inc reported a surplus of $1.0M, with revenue exceeding expenses. The organization holds $6.8M in liabilities against $18.6M in assets (debt-to-asset ratio: 36.5%), resulting in net assets of $11.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $210K | $18.6M | $6.8M | — | View 990 |
| 2022 | $501K | $203K | $16.8M | $6.7M | — | View 990 |
| 2021 | $399K | $158K | $17.5M | $6.7M | — | View 990 |
| 2020 | $186K | $157K | $15.9M | $6.6M | — | View 990 |
| 2019 | $528K | $140K | $15.4M | $6.5M | — | View 990 |
| 2018 | $185K | $134K | $14.5M | $6.3M | — | View 990 |
| 2017 | $888K | $89K | $14.2M | $6.3M | — | View 990 |
| 2016 | $991K | $37K | $13.0M | $6.2M | — | View 990 |
| 2015 | $628K | $706K | $11.8M | $6.1M | — | View 990 |
| 2014 | $4.4M | $0 | $11.1M | $5.5M | — | View 990 |
| 2013 | $321K | $13K | $6.7M | $5.4M | — | View 990 |
| 2012 | $107K | $5K | $6.9M | $5.9M | — | View 990 |
| 2011 | $42K | $8K | $6.8M | $5.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $210K, and assets of $18.6M (revenue +147.0% year-over-year).
- 2022: Revenue of $501K, expenses of $203K, and assets of $16.8M (revenue +25.5% year-over-year).
- 2021: Revenue of $399K, expenses of $158K, and assets of $17.5M (revenue +115.0% year-over-year).
- 2020: Revenue of $186K, expenses of $157K, and assets of $15.9M (revenue -64.8% year-over-year).
- 2019: Revenue of $528K, expenses of $140K, and assets of $15.4M (revenue +185.9% year-over-year).
- 2018: Revenue of $185K, expenses of $134K, and assets of $14.5M (revenue -79.2% year-over-year).
- 2017: Revenue of $888K, expenses of $89K, and assets of $14.2M (revenue -10.3% year-over-year).
- 2016: Revenue of $991K, expenses of $37K, and assets of $13.0M (revenue +57.7% year-over-year).
- 2015: Revenue of $628K, expenses of $706K, and assets of $11.8M (revenue -85.6% year-over-year).
- 2014: Revenue of $4.4M, expenses of $0, and assets of $11.1M (revenue +1258.1% year-over-year).
- 2013: Revenue of $321K, expenses of $13K, and assets of $6.7M (revenue +199.4% year-over-year).
- 2012: Revenue of $107K, expenses of $5K, and assets of $6.9M (revenue +156.6% year-over-year).
- 2011: Revenue of $42K, expenses of $8K, and assets of $6.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lake Highland Preparatory School Foundation Inc:
Data Sources and Methodology
This transparency report for Lake Highland Preparatory School Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.