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← FOUNDATION FOR LOUISIANA STUDENTS

Form 990 for tax year 2024

Filed by FOUNDATION FOR LOUISIANA STUDENTS.

Totals

Total revenue
$50,548,458
Total expenses
$47,235,300
Contributions and grants received
$49,492,063
Grants paid
$0
Program service revenue
$0
Investment income
$876,992
Other revenue
$179,403
Total assets, end of year
$46,297,024
Total liabilities, end of year
$3,325,802
Net assets or fund balances, end of year
$42,971,222
Program services expenses (Part IX)
$32,190,856
Management and general expenses
$15,044,444
Fundraising expenses
$0
Program service expenses (Part III)
$32,190,856

Program services were 68.1% 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)

    $49,485,920

  • 1f · All other contributions, gifts and grants

    $6,143

  • 3 · Investment income

    total $876,992 · excluded $876,992

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: Medicaid Reimbursement

    total $176,134 · related or exempt $176,134

  • 11b · Other revenue: Miscellaneous Revenues

    total $3,269 · related or exempt $3,269

  • 11e · Other revenue, total

    $179,403

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $332,626 · management and general $332,626

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $24,776,362 · program services $18,701,419 · management and general $6,074,943

  • 8 · Pension plan contributions

    total $1,861,825 · program services $1,402,937 · management and general $458,888

  • 9 · Other employee benefits

    total $4,925,495 · program services $3,585,670 · management and general $1,339,825

  • 10 · Payroll taxes

    total $1,685,548 · program services $1,358,370 · management and general $327,178

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $543,326 · management and general $543,326

  • 11c · Fees: accounting

    total $682,250 · management and general $682,250

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $6,417,662 · program services $3,353,137 · management and general $3,064,525

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $978,909 · program services $1,973 · management and general $976,936

  • 17 · Travel

    total $913,186 · program services $874,171 · management and general $39,015

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $416,218 · management and general $416,218

  • 23 · Insurance

    total $406,507 · management and general $406,507

  • 24a · Other expenses: Materials and Supplies

    total $1,601,151 · program services $1,396,699 · management and general $204,452

  • 24b · Other expenses: Communications

    total $1,238,889 · program services $1,200,392 · management and general $38,497

  • 24c · Other expenses: Student Services

    total $289,923 · program services $289,923

  • 24d · Other expenses: Dues and Fees

    total $106,995 · management and general $106,995

  • 24e · All other expenses

    total $58,428 · program services $26,165 · management and general $32,263

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $24,593,532 · end of year $5,237,812

  • 2 · Savings and temporary cash investments

    end of year $20,782,209

  • 3 · Pledges and grants receivable

    beginning of year $1,271,528 · end of year $526,826

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $580,505 · end of year $531,188

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

    $21,797,511

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,921,822

  • 10c · Land, buildings and equipment, net

    beginning of year $16,327,211 · end of year $18,875,689

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $479,823 · end of year $343,300

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,594,535 · end of year $3,325,802

  • 27 · Net assets without donor restrictions

    beginning of year $39,658,064 · end of year $42,971,222

Mission and programs · 2024

Mission

OPERATE A PUBLIC CHARTER SCHOOL LEVERAGING TECHNOLOGY TO HELP EACH PARTICIPATING STUDENT MAXIMIZE HIS OR HER POTENTIAL AND MEET THE HIGHEST PERFORMANCE STANDARDS. THIS MISSION IS ACCOMPLISHED THROUGH A UNIQUELY INDIVIDUALIZED LEARNING PROGRAM THAT COMBINES THE BEST IN VIRTUAL EDUCATION WITH UNIQUE TECHNOLOGY-BASED TEACHER PRODUCTIVITY TOOLS AND VERY REAL CONNECTIONS AMONG STUDENTS, FAMILY, TEACHERS AND THE COMMUNITY. UNDERSTANDING, ENGAGING, AND EMPOWERING EACH UNIQUE STUDENT FOR A CAREER, FOR COLLEGE, AND BEYOND.

Activities or mission (Part I)

OPERATE A PUBLIC CHARTER SCHOOL LEVERAGING TECHNOLOGY TO HELP STUDENTS MAXIMIZE THEIR POTENTIAL AND MEET THE HIGHEST PERFORMANCE STANDARDS.

  • THE SCHOOL PROVIDES EDUCATIONAL SERVICES TO STUDENTS IN KINDERGARTEN THROUGH TWELFTH GRADES THROUGHOUT LOUISIANA.

    Expenses $32,190,856

As filed on the 2024 return.

Listed in Part VII

  • Dr Quentina Timoll

    Superintendent

    Total calculated
    $215,156
    From this org
    $190,893
    From related orgs
    $0
    Other
    $24,263
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $190,893
    Bonus
    not reported
    Other
    not reported
    Deferred
    $5,923
    Nontaxable benefits
    $18,340
    Filer's total
    $215,156

  • Lekisha Chambers

    Deputy Superint

    Total calculated
    $171,411
    From this org
    $149,208
    From related orgs
    $0
    Other
    $22,203
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,208
    Bonus
    not reported
    Other
    not reported
    Deferred
    $12,286
    Nontaxable benefits
    $9,917
    Filer's total
    $171,411

  • Jana Husser

    Chief of Innov.

    Total calculated
    $152,397
    From this org
    $113,282
    From related orgs
    $0
    Other
    $39,115
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $113,282
    Bonus
    not reported
    Other
    not reported
    Deferred
    $10,853
    Nontaxable benefits
    $28,262
    Filer's total
    $152,397

  • Donna Grice

    Chief of Acctbly

    Total calculated
    $148,723
    From this org
    $136,485
    From related orgs
    $0
    Other
    $12,238
    Hours/week
    40

  • Wade Henderson

    Director

    Total calculated
    $136,142
    From this org
    $104,597
    From related orgs
    $0
    Other
    $31,545
    Hours/week
    40

  • Sharon Sims

    Sr Academic Ofc

    Total calculated
    $133,264
    From this org
    $116,079
    From related orgs
    $0
    Other
    $17,185
    Hours/week
    40

  • Dawn Love

    Chief of Academics

    Total calculated
    $130,093
    From this org
    $116,526
    From related orgs
    $0
    Other
    $13,567
    Hours/week
    40

  • Linda Holliday

    President

    Total calculated
    $0
    Hours/week
    2

  • John Price

    Vice President

    Total calculated
    $0
    Hours/week
    2

  • James Llorens

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Michael Howes

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Grace Anderson

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Thomas Trennen Nealsson

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Hala Esmail

    Board Member

    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 · Written employment contract
  • 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.

Provenance

Return type
form_990
Tax year
2024
Filed
20 January 2026
IRS schema version
2024v5.2
Source object
202600209349300430

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