Lafayette Charter Foundation Inc
- Assets
- $33.3m
- Revenue
- $27.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Lafayette, LA
- Founding
- 02/2014
- Data as of
- 06/2021
- EIN
- 46-1200082
Organization Overview
Lafayette Charter Foundation Inc is located in Lafayette, LA. The organization was established in 2014. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary 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. Lafayette 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 06/2021, Lafayette Charter Foundation Inc generated $27.1m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $26.1m during the year ending 06/2021. While expenses have increased by 7.3% per year over the past 5 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
THIS NONPROFIT CORPORATION IS ORGANIZED EXCLUSIVELY FOR EDUCATIONAL PURPOSES. THE FOUNDATION IS COMPRISED OF RESPECTED LEADERS IN THE STATE OF LOUISIANA THAT ARE COMMITTED TO PROVIDING HIGH QUALITY EDUCATIONAL OPTIONS FOR THE STUDENTS AND FAMILIES OF LOUISIANA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ACADIANA PROGRAMS/ACTIVITIES INCLUDE GENERAL EDUCATION FOR THE INSTRUCTION OF STUDENTS, TRANSPORTATION INCLUDING BUS SERVICES FOR STUDENTS, AND ADMINISTRATION.
THE LAFAYETTE PROGRAMS/ACTIVITIES INCLUDE GENERAL EDUCATION FOR THE INSTRUCTION OF STUDENTS, TRANSPORTATION INCLUDING BUS SERVICES FOR STUDENTS, AND ADMINISTRATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jared Labue Secretary | OfficerTrustee | 1 | $0 |
Dr Mary Louella Riggs-Cook President | OfficerTrustee | 1 | $0 |
Karen Miller Lewis Treasurer | OfficerTrustee | 1 | $0 |
Erica Williams Vice President | OfficerTrustee | 1 | $0 |
Murugan Ambalakannu Trustee | Trustee | 1 | $0 |
Nick Pugh Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
10jin Llc It Services | 6/29/19 | $121,380 |
Preferred Meal Systems Food Service | 6/29/19 | $525,325 |
Csusa Management, Facility, And It Fees | 6/29/19 | $3,257,150 |
Atlantic Southern Transportation Transportation | 6/29/19 | $351,918 |
Speech Help Llc Speech Therapy Services | 6/29/19 | $135,381 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $26,827,453 |
| 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 | $26,827,453 |
| Total Program Service Revenue | $260,479 |
| Investment income | $1,152 |
| 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 | $27,089,084 |
| 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 | $9,038,446 |
| Pension plan accruals and contributions | $44,084 |
| Other employee benefits | $1,054,151 |
| Payroll taxes | $681,605 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,132,100 |
| Advertising and promotion | $101,455 |
| Office expenses | $440,091 |
| Information technology | $144,319 |
| Royalties | $0 |
| Occupancy | $1,012,903 |
| Travel | $11,916 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,472,659 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,246,358 |
| Insurance | $226,399 |
| All other expenses | $1,011,018 |
| Total functional expenses | $26,084,470 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,006,659 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,372,258 |
| 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 | $165,761 |
| Net Land, buildings, and equipment | $28,380,752 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $378,868 |
| Total assets | $33,304,298 |
| Accounts payable and accrued expenses | $2,181,050 |
| Grants payable | $0 |
| Deferred revenue | $10,472 |
| 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 | $34,859,782 |
| Total liabilities | $37,051,304 |
| Net assets without donor restrictions | -$3,747,006 |
| 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 | $33,304,298 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Inspirenola Charter Schools New Orleans, LA | $22,382,887 | $74,884,221 |
Kinkaid School Inc Houston, TX | $122,042,370 | $52,090,713 |
St Johns School Houston, TX | $423,318,238 | $58,605,665 |
Hockaday School Dallas, TX | $327,432,445 | $61,281,462 |
Trinity Basin Preparatory Inc Grand Prairie, TX | $147,305,445 | $57,426,553 |
Greenhill School Addison, TX | $147,490,301 | $53,613,950 |
St Marks School Of Texas Dallas, TX | $307,638,954 | $39,530,532 |
Tlc Academy San Angelo, TX | $61,295,304 | $42,259,776 |
Episcopal School Of Dallas Inc Dallas, TX | $115,874,541 | $40,283,303 |
John Cooper School The Woodlands, TX | $108,804,128 | $40,380,579 |
Fort Worth Country Day School Inc Fort Worth, TX | $119,263,068 | $39,582,011 |
Faith Family Kids Inc Desoto, TX | $30,662,985 | $39,123,210 |