Shreveport Charter Foundation Inc
- Assets
- $21.3m
- Revenue
- $16.4m
- Investments
- $0.0
- Employees
- 164
- Location
- Shreveport, LA
- Founding
- 09/2013
- Data as of
- 06/2022
- EIN
- 45-5089915
Organization Overview
Shreveport Charter Foundation Inc is located in Shreveport, LA. The organization was established in 2013. 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, Shreveport Charter Foundation Inc employed 164 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shreveport Charter 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 06/2022, Shreveport Charter Foundation Inc generated $16.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $17.0m during the year ending 06/2022. While expenses have increased by 8.6% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SHREVEPORT CHARTER FOUNDATION, INC. DESIGNS, DEVELOPS AND OPERATES HIGH PERFORMING SCHOOLS WITH AN: UNWAIVERING DEDICATION TO STUDENT ACHIEVEMENT- UNYIELDING COMMITMENT TO ETHICAL AND SOUND BUSINESS PRACTICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHREVEPORT CHARTER FOUNDATION, INC. WAS FORMED EXCLUSIVELY FOR EDUCATIONAL PURPOSES. THE FOUNDATION HAS ENTERED INTO A TYPE 1 CHARTER SCHOOL CONTRACT WITH CADDO PARISH SCHOOL BOARD (CPSB) TO OPERATE THE MAGNOLIA SCHOOL OF EXCELLENCE (THE CHARTER SCHOOL) FOR STUDENTS FROM KINDERGARTEN TO EIGHTH GRADE IN CADDO PARISH, LOUISIANA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Melva Williams-Turner President | OfficerTrustee | 1 | $0 |
Dr Phillip Rozeman Vice-President | OfficerTrustee | 1 | $0 |
Zadell Dudley Treasurer/secretary | OfficerTrustee | 1 | $0 |
Dr Pamela Barker Board Trustee | Trustee | 1 | $0 |
Dinero Washington Board Trustee | Trustee | 1 | $0 |
Valerie Thomas-White Board Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Charter Schools Usa Management And Facilities | 6/29/20 | $602,567 |
Windstream Holdings Inc (9001013) Internet Services | 6/29/20 | $110,275 |
Sla Management Llc Food Services | 6/29/20 | $457,521 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,334,148 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,073,604 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,407,752 |
| Total Program Service Revenue | $64,827 |
| Investment income | $476 |
| 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 | $16,376,455 |
| 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 | $5,139,499 |
| Pension plan accruals and contributions | $19,445 |
| Other employee benefits | $425,955 |
| Payroll taxes | $414,462 |
| 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 | $468,615 |
| Advertising and promotion | $153,443 |
| Office expenses | $51,504 |
| Information technology | $101,987 |
| Royalties | $0 |
| Occupancy | $585,762 |
| Travel | $77,503 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,990,577 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,392,018 |
| Insurance | $158,009 |
| All other expenses | $756,484 |
| Total functional expenses | $17,034,298 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $610,623 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $167,465 |
| Accounts receivable, net | $0 |
| 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 | $58,331 |
| Net Land, buildings, and equipment | $20,414,105 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $65,161 |
| Total assets | $21,315,685 |
| Accounts payable and accrued expenses | $1,154,887 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $28,991,172 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $30,146,059 |
| Net assets without donor restrictions | -$8,830,374 |
| 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 | $21,315,685 |