Lake Charles Charter Academy Foundation Inc is located in Lake Charles, LA. The organization was established in 2011. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Charles Charter Academy Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Lake Charles Charter Academy Foundation Inc generated $13.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $11.9m during the year ending 06/2021. While expenses have increased by 4.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION OWNS AND OPERATES LAKE CHARLES CHARTER ACADEMY IN THE LOUISIANA PARISH OF CALCASIEU. THE SCHOOL PROVIDES STUDENTS, FROM KINDERGARTEN TO EIGHTH (K-8) GRADE, WITH THE NECESSARY TOOLS AND SKILLS NEEDED TO DEVELOP SUPERIOR LEVELS OF ACHIEVEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTIONAL SERVICES: PROVIDE EDUCATION TO STUDENTS THROUGH AN ENVIRONMENT THAT INTEGRATES A RESEARCH-BASED CURRICULUM, AND A CULTURE OF SUCCESS AND CONCENTRATION ON ACADEMIC RIGOR.
INSTRUCTIONAL SERVICES: PROVIDE EDUCATION TO STUDENTS THROUGH AN ENVIRONMENT THAT INTEGRATES A RESEARCH-BASED CURRICULUM, AND A CULTURE OF SUCCESS AND CONCENTRATION ON ACADEMIC RIGOR.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Clyde W Mitchell Secretary/treasurer | OfficerTrustee | 3 | $0 |
Henry Mancuso Board Executive Secretary | OfficerTrustee | 3 | $0 |
Judge Ulysses Gene Thibodeaux President | OfficerTrustee | 10 | $0 |
Rebecca Boniol Vice-President | OfficerTrustee | 3 | $0 |
Ron Richard Trustee | Trustee | 3 | $0 |
Dr Michael Kurth Trustee | Trustee | 3 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Construction Services Of Southwest La L Construction | 6/29/20 | $385,498 |
Construction Services Of Southwest La L Construction | 6/29/20 | $385,498 |
Sla Management Llc Foodservice Management | 6/29/20 | $536,359 |
Sla Management Llc Foodservice Management | 6/29/20 | $536,359 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $12,108,455 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $12,108,455 |
Total Program Service Revenue | $17,264 |
Investment income | $67,229 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $953,864 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $13,178,907 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $4,519,864 |
Pension plan accruals and contributions | $16,450 |
Other employee benefits | $456,954 |
Payroll taxes | $356,042 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $2,115,937 |
Advertising and promotion | $105,765 |
Office expenses | $10,344 |
Information technology | $43,961 |
Royalties | $0 |
Occupancy | $222,017 |
Travel | $5,087 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $1,159,459 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $715,669 |
Insurance | $72,981 |
All other expenses | $35,604 |
Total functional expenses | $11,923,271 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $980,928 |
Savings and temporary cash investments | $2,104,499 |
Pledges and grants receivable | $818,640 |
Accounts receivable, net | $91,265 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $14,899 |
Net Land, buildings, and equipment | $15,157,273 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,508,882 |
Total assets | $20,676,386 |
Accounts payable and accrued expenses | $353,623 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $13,368,660 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $973,175 |
Total liabilities | $14,695,458 |
Net assets without donor restrictions | $5,980,928 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $20,676,386 |
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