Lafayette Charter School
- Assets
- $330.6k
- Revenue
- $987.2k
- Investments
- $0.0
- Employees
- 25
- Location
- Lafayette, MN
- Founding
- 05/1999
- Data as of
- 06/2022
- EIN
- 41-1936646
Organization Overview
Lafayette Charter School is located in Lafayette, MN. The organization was established in 1999. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Lafayette Charter School employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lafayette Charter School 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 06/2022, Lafayette Charter School generated $987.2k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $979.3k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 3 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PRE-KINDERGARTEN THROUGH 8TH GRADE PUBLIC EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
CREATE A POSITIVE LEARNING ENVIRONMENT FOR GENERAL EDUCATION ENAHANCED WITH AGRICULTURAL AND ELECTRONIC TECHNOLOGY TO BENEFIT STUDENTS, SCHOOL AND COMMUNITY FOR PRE-KINDERGARTEN THROUGH 8TH GRADE PUBLIC EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joshua Harrison Board Chair | OfficerTrustee | 1 | $0 |
Robin Larson Vice Chair/teacher | OfficerTrustee | 40 | $35,572 |
Heidi Hagstrom Secretary | OfficerTrustee | 1 | $0 |
Chris Manteuffel Treasurer/teacher | OfficerTrustee | 40 | $23,800 |
Jodi Guggisberg Director | Trustee | 1 | $0 |
Sam Schwark Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $961,273 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,105 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $968,378 |
| Total Program Service Revenue | $18,813 |
| Investment income | $42 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $987,233 |
| 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 | $20,202 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,126 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,830 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $354,279 |
| Advertising and promotion | $2,686 |
| Office expenses | $2,336 |
| Information technology | $3,547 |
| Royalties | $0 |
| Occupancy | $192,750 |
| Travel | $133,467 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,101 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,206 |
| All other expenses | $0 |
| Total functional expenses | $979,294 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,123 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $223,444 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $788 |
| Prepaid expenses and deferred charges | $8,089 |
| Net Land, buildings, and equipment | $40,141 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $330,585 |
| Accounts payable and accrued expenses | $88,920 |
| Grants payable | $0 |
| Deferred revenue | $13,370 |
| Tax-exempt bond liabilities | $0 |
| 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 | $0 |
| Total liabilities | $102,290 |
| Net assets without donor restrictions | $217,063 |
| Net assets with donor restrictions | $11,232 |
| 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 | $330,585 |