Form 990 for tax year 2024
Filed by VERMILION CHARTER FOUNDATION INC.
Totals
- Total revenue
- $11,644,913
- Total expenses
- $11,442,610
- Contributions and grants received
- $11,308,371
- Grants paid
- $0
- Program service revenue
- $336,006
- Investment income
- $0
- Other revenue
- $536
- Total assets, end of year
- $24,778,605
- Total liabilities, end of year
- $24,576,302
- Net assets or fund balances, end of year
- $202,303
- Program services expenses (Part IX)
- $7,381,289
- Management and general expenses
- $4,061,321
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $7,381,289
Program services were 64.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$11,308,371
-
2a · Program service revenue: BEFORE AND AFTERCARE
total $179,500 · related or exempt $179,500
-
2b · Program service revenue: MEALS INCOME
total $156,506 · related or exempt $156,506
-
11d · All other revenue
total $536 · excluded $536
-
11e · Other revenue, total
$536
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $3,824,735 · program services $3,365,857 · management and general $458,878
-
8 · Pension plan contributions
total $14,766 · program services $12,955 · management and general $1,811
-
9 · Other employee benefits
total $509,868 · program services $447,344 · management and general $62,524
-
10 · Payroll taxes
total $264,602 · program services $232,155 · management and general $32,447
-
11a · Fees: management
total $355,140 · program services $107,855 · management and general $247,285
-
11b · Fees: legal
total $33,819 · management and general $33,819
-
11g · Fees: other
total $401,479 · program services $401,479
-
12 · Advertising and promotion
total $98,261 · program services $98,261
-
13 · Office expenses
total $55,709 · program services $9,832 · management and general $45,877
-
14 · Information technology
total $37,299 · program services $29,850 · management and general $7,449
-
16 · Occupancy
total $604,775 · program services $538,765 · management and general $66,010
-
17 · Travel
total $36,365 · program services $36,365
-
20 · Interest
total $2,174,715 · management and general $2,174,715
-
22 · Depreciation, depletion and amortization
total $974,152 · program services $639,130 · management and general $335,022
-
23 · Insurance
total $230,524 · program services $172,893 · management and general $57,631
-
24a · Other expenses: SUPPLIES & MATERIALS
total $911,788 · program services $818,285 · management and general $93,503
-
24b · Other expenses: FOOD SERVICE
total $421,312 · program services $417,099 · management and general $4,213
-
24c · Other expenses: REPAIRS & MAINTENANCE
total $413,970 · program services $1,653 · management and general $412,317
-
24d · Other expenses: PROFESSIONAL DEVELOPMEN
total $50,403 · program services $50,403
-
24e · All other expenses
total $28,928 · program services $1,108 · management and general $27,820
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $2,092,217
-
2 · Savings and temporary cash investments
end of year $103,914
-
3 · Pledges and grants receivable
end of year $73,814
-
4 · Accounts receivable
end of year $64,244
-
9 · Prepaid expenses and deferred charges
end of year $161,470
-
10a · Land, buildings and equipment: cost or other basis
$1,948,520
-
10b · Land, buildings and equipment: accumulated depreciation
$446,096
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $1,502,424
-
15 · Other assets
beginning of year $0 · end of year $20,780,522
-
17 · Accounts payable and accrued expenses
end of year $792,892
-
19 · Deferred revenue
end of year $1,427,505
-
21 · Escrow or custodial account liability
end of year $124,996
-
23 · Secured mortgages and notes payable
end of year $22,038,930
-
25 · Other liabilities
beginning of year $0 · end of year $191,979
-
27 · Net assets without donor restrictions
end of year $202,303
Mission and programs · 2024
Mission
TO PROVIDE AN INSPIRING AND MOTIVATING EDUCATIONAL ENVIRONMENT THAT DELIVERS REAL, MEASURABLE RESULTS AND PREPARES OUR STUDENTS TO BE THE NEXT GENERATION OF LEADERS.
Activities or mission (Part I)
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.
-
PROGRAMS AND ACTIVITIES INCLUDE GENERAL EDUCATION FOR THE INSTRUCTION OF STUDENTS, TRANSPORTATION, INCLUDING BUS SERVICES FOR STUDENTS AND SCHOOL ADMINISTRATION.
Expenses $7,381,289 · Revenue $336,006
As filed on the 2024 return.
Listed in Part VII
-
Bridget WintersBRIDGET WINTERS
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Murphy GuilbeauxMURPHY GUILBEAUX
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Ethan BroussardETHAN BROUSSARD
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Riley MeauxRILEY MEAUX
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Dr Mary Riggs CookDR MARY RIGGS COOK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jevon DehartJEVON DEHART
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Kristy TouchetKRISTY TOUCHET
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 12 May 2026
- IRS schema version
- 2024v5.5
- Source object
- 202611349349304071
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