School of Lexia
Nonprofit profile at a glance
- EIN
- 843288868
- IRS 990 coverage
- 2020–2024
- Official website data refreshed
- Aug 2026
- Forms available
- Form 990 2024, Form 990-EZ 2019
- Location
- Mansfield, TX, US
- Phone
- 6824229372
- Rating
- 72
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Specialized Education Institutions
Reported finances
- Revenue
- $592,116
- Expenses
- $487,256
- Assets
- $484,676
- Liabilities
- $2,457
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- LINNEA OXLEY (PRESIDENT)
- LINDSAY CUNNINGHAM (VICE PRESIDENT)
Highest reported compensation
- LINNEA OXLEY (PRESIDENT): $105,723 total reported compensation
- JASON OXLEY (TREASURER/CFO): $60,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
School of Lexia educates twice-exceptional students with Dyslexia and related learning differences by providing them with educational opportunities through a multi-sensory approach that empowers them to learn at their greatest potential.
What it reported doing in 2024
School of lexia provided full time school for grades 1-8 during the september 2024 to july 2025 fiscal year. After school classes and summer classes were also conducted during the fiscal year. For the 2024-2025 school year the school served 28 full time students, 12 after school students, and 60 summer school students.
Operating model
- Revenue model
- Earned-program. 87% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 60
- Transparency & Controls: 90
- Accountability: 68
- Sustainability: 56
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 61.6%; rating input score 62
- Program expense ratio: 76.4%; rating input score 76
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 2 of 9 controls in place; rating input score 22
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 17.7%; rating input score 73; 73rd percentile among comparable filings
- Total-asset coverage ratio: 0.99; rating input score 42; 42nd percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 73; 73rd percentile among comparable filings
- Officer compensation ratio: 34%; rating input score 5; 5th percentile among comparable filings
Growth
- Program expense growth: 14.4% per year; rating input score 100; 74th percentile among comparable filings
- Revenue growth: 24.6% per year; rating input score 100; 89th percentile among comparable filings
- Asset growth: 33.4% per year; rating input score 100; 92nd percentile among comparable filings
Details
- What they do: 7 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 61.6% of revenue deployed · 76.4% of spending went to programs
- Governance: 8 of 8 board members independent · 2 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $372K in reported program spending
- Leadership: top reported pay $106K · 8 people listed
- Consistency: 22 of 22 current checks pass
- Schedules: 4 filed schedules
- Filing history: 5 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Governance controls: 6 of 8 not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 42/100.
- High — Sustainability: Officer compensation ratio scored 5/100.