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Nonprofiteer
← GREAT HEARTS LOUISIANA INC

Form 990 for tax year 2022

Filed by GREAT HEARTS LOUISIANA INC.

Totals

Total revenue
$1,405,000
Total expenses
$1,236,543
Contributions and grants received
$1,405,000
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,107,201
Total liabilities, end of year
$700,457
Net assets or fund balances, end of year
$406,744
Program services expenses (Part IX)
$373,927
Management and general expenses
$861,712
Fundraising expenses
$904
Program service expenses (Part III)
$373,927

Program services were 30.2% 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.

  • 1f · All other contributions, gifts and grants

    $1,405,000

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $163,070 · program services $10,448 · management and general $152,622

  • 7 · Other salaries and wages

    total $254,480 · program services $16,305 · management and general $238,175

  • 8 · Pension plan contributions

    total $4,483 · program services $259 · management and general $4,224

  • 9 · Other employee benefits

    total $29,542 · program services $761 · management and general $28,781

  • 10 · Payroll taxes

    total $32,516 · program services $2,247 · management and general $30,269

  • 11a · Fees: management

    total $61,188 · program services $3,921 · management and general $57,267

  • 11b · Fees: legal

    total $44,639 · program services $2,860 · management and general $41,779

  • 11g · Fees: other

    total $129,015 · program services $9,930 · management and general $119,085

  • 12 · Advertising and promotion

    total $277,276 · program services $254,626 · management and general $22,650

  • 13 · Office expenses

    total $32,029 · program services $13,351 · management and general $18,678

  • 14 · Information technology

    total $31,498 · program services $23,241 · management and general $7,353 · fundraising $904

  • 16 · Occupancy

    total $78,227 · program services $5,013 · management and general $73,214

  • 17 · Travel

    total $34,918 · program services $197 · management and general $34,721

  • 23 · Insurance

    total $9,726 · program services $812 · management and general $8,914

  • 24a · Other expenses: OTHER

    total $38,147 · program services $28,944 · management and general $9,203

  • 24b · Other expenses: RECRUITMENT

    total $11,020 · program services $706 · management and general $10,314

  • 24c · Other expenses: BANK FEES

    total $4,769 · program services $306 · management and general $4,463

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $250,291 · end of year $254,721

  • 3 · Pledges and grants receivable

    end of year $450,000

  • 9 · Prepaid expenses and deferred charges

    end of year $71,289

  • 10a · Land, buildings and equipment: cost or other basis

    $320,455

  • 10c · Land, buildings and equipment, net

    end of year $320,455

  • 15 · Other assets

    end of year $10,736

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,642 · end of year $472,671

  • 19 · Deferred revenue

    end of year $2,942

  • 25 · Other liabilities

    beginning of year $362 · end of year $224,844

  • 27 · Net assets without donor restrictions

    beginning of year $238,287 · end of year $406,744

Mission and programs · 2022

Mission

A GREAT HEARTS LOUISIANA INC EDUCATION PREPARES STUDENTS TO BE MORE THAN JUST PROFICIENT TEST TAKERS, BUT RATHER, TO BECOME GREAT-HEARTED LEADERS CAPABLE OF SUCCESS THROUGHOUT THEIR HIGHER EDUCATION AND PROFESSIONAL CAREERS. WITH A CURRICULUM BUILT UPON A CLASSICAL LIBERAL ARTS TRADITION AND A REVOLUTIONARY APPROACH TO SCHOOL ITSELF, GREAT HEARTS CULTIVATES THE HEARTS AND MINDS OF STUDENTS IN THE PURSUIT OF TRUTH, GOODNESS, AND BEAUTY.

  • A GREAT HEARTS LOUISIANA INC EDUCATION PREPARES STUDENTS TO BE MORE THAN JUST PROFICIENT TEST TAKERS, BUT RATHER, TO BECOME GREAT-HEARTED LEADERS CAPABLE OF SUCCESS THROUGHOUT THEIR HIGHER EDUCATION AND PROFESSIONAL CAREERS. WITH A CURRICULUM BUILT UPON A CLASSICAL LIBERAL ARTS TRADITION AND A REVOLUTIONARY APPROACH TO SCHOOL ITSELF, GREAT HEARTS CULTIVATES THE HEARTS AND MINDS OF STUDENTS IN THE PURSUIT OF TRUTH, GOODNESS, AND BEAUTY.

    Expenses $373,927

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Samuel J Heisman

    HEAD OF SCHO

    Total calculated
    $163,070
    From this org
    $160,671
    From related orgs
    $0
    Other
    $2,399
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $123,781
    Bonus
    $26,890
    Other
    $10,000
    Deferred
    $1,410
    Nontaxable benefits
    $989
    Filer's total
    $163,070

  • Wade Dyke

    BOARD CHAIRM

    Total calculated
    $103,592
    From this org
    $0
    From related orgs
    $96,969
    Other
    $6,623
    Hours/week
    2 + 40 related

  • Adonica Pelichet Duggan

    VICE CHAIRMA

    Total calculated
    $0
    Hours/week
    2

  • Erin Franco

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ty Gose

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • David Whidden III

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Elisha McCardell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kathy Victorian

    TREASURER

    Total calculated
    $0
    Hours/week
    2

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202401359349313960

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