Skip to content
Nonprofiteer
← LAKE CHARLES CHARTER ACADEMY FOUNDATION INC

Form 990 for tax year 2023

Filed by LAKE CHARLES CHARTER ACADEMY FOUNDATION INC.

Totals

Total revenue
$40,482,691
Total expenses
$39,651,875
Contributions and grants received
$39,664,737
Grants paid
$0
Program service revenue
$308,551
Investment income
$480,242
Other revenue
$29,161
Total assets, end of year
$67,186,672
Total liabilities, end of year
$52,835,861
Net assets or fund balances, end of year
$14,350,811
Program services expenses (Part IX)
$32,691,149
Management and general expenses
$6,960,726
Fundraising expenses
$0
Program service expenses (Part III)
$32,691,149

Program services were 82.4% 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)

    $39,664,737

  • 2a · Program service revenue: E-RATE REVENUES

    total $230,565 · related or exempt $230,565

  • 2b · Program service revenue: BEFORE AND AFTERCARE

    total $77,986 · related or exempt $77,986

  • 3 · Investment income

    total $480,242 · excluded $480,242

  • 11a · Other revenue: MISCELLANEOUS REVENUES

    total $29,161 · related or exempt $29,161

  • 11e · Other revenue, total

    $29,161

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $15,089,795 · program services $14,664,587 · management and general $425,208

  • 8 · Pension plan contributions

    total $67,713 · program services $55,506 · management and general $12,207

  • 9 · Other employee benefits

    total $1,341,899 · program services $1,100,019 · management and general $241,880

  • 10 · Payroll taxes

    total $1,505,207 · program services $1,233,887 · management and general $271,320

  • 11g · Fees: other

    total $8,850,925 · program services $3,591,978 · management and general $5,258,947

  • 12 · Advertising and promotion

    total $1,539 · program services $21 · management and general $1,518

  • 13 · Office expenses

    total $33,908 · program services $29,587 · management and general $4,321

  • 14 · Information technology

    total $239,934 · program services $191,948 · management and general $47,986

  • 16 · Occupancy

    total $338,173 · program services $324,152 · management and general $14,021

  • 17 · Travel

    total $207,987 · program services $166,392 · management and general $41,595

  • 20 · Interest

    total $3,439,145 · program services $3,296,421 · management and general $142,724

  • 22 · Depreciation, depletion and amortization

    total $2,282,810 · program services $2,188,073 · management and general $94,737

  • 23 · Insurance

    total $636,804 · program services $610,403 · management and general $26,401

  • 24a · Other expenses: SUPPLIES AND MATERIALS

    total $1,655,818 · program services $1,627,287 · management and general $28,531

  • 24b · Other expenses: FOOD COSTS

    total $1,570,216 · program services $1,554,514 · management and general $15,702

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $1,444,460 · program services $1,384,285 · management and general $60,175

  • 24d · Other expenses: UTILITIES

    total $585,778 · program services $545,765 · management and general $40,013

  • 24e · All other expenses

    total $359,764 · program services $126,324 · management and general $233,440

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,198,928 · end of year $11,642,521

  • 2 · Savings and temporary cash investments

    beginning of year $1,614,640 · end of year $1,624,516

  • 3 · Pledges and grants receivable

    beginning of year $2,148,789 · end of year $1,499,829

  • 4 · Accounts receivable

    beginning of year $70,191 · end of year $104,617

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,378 · end of year $18,237

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

    $62,309,115

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

    $15,626,352

  • 10c · Land, buildings and equipment, net

    beginning of year $46,855,647 · end of year $46,682,763

  • 15 · Other assets

    beginning of year $5,438,137 · end of year $5,614,189

  • 17 · Accounts payable and accrued expenses

    beginning of year $594,330 · end of year $579,862

  • 20 · Tax-exempt bond liabilities

    beginning of year $49,625,348 · end of year $48,835,650

  • 25 · Other liabilities

    beginning of year $2,595,037 · end of year $3,420,349

  • 27 · Net assets without donor restrictions

    beginning of year $13,519,995 · end of year $14,350,811

Mission and programs · 2023

Mission

LAKE CHARLES CHARTER ACADEMY FOUNDATION, INC. IS A NON-PROFIT ENTITY ORGANIZED EXCLUSIVELY FOR EDUCATIONAL PURPOSES AND IS COMPRISED OF RESPECTED LEADERS IN THE LAKE CHARLES COMMUNITY THAT ARE COMMITTED TO PROVIDING HIGH QUALITY EDUCATIONAL OPTIONS FOR THE CITIZENS OF THE CALCASIEU PARISH.

Activities or mission (Part I)

THE FOUNDATION OWNS AND OPERATES THREE SCHOOLS IN THE LOUISIANA PARISH OF CALCASIEU. THE SCHOOLS PROVIDE STUDENTS, FROM KINDERGARTEN TO TWELFTH (K-12) GRADE, WITH THE NECESSARY TOOLS AND SKILLS NEEDED TO DEVELOP SUPERIOR LEVELS OF ACHIEVEMENT.

  • INSTRUCTIONAL SERVICES: PROVIDE EDUCATION TO STUDENTS THROUGH AN ENVIRONMENT THAT INTEGRATES A RESEARCH-BASED CURRICULUM, AND A CULTURE OF SUCCESS AND CONCENTRATION ON ACADEMIC RIGOR.

    Expenses $32,691,149 · Revenue $337,712

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Judge Ulysses Gene Thibodeaux

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Charles A Honore

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Clyde W Mitchell

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Phyllis Kettling

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Dr Kathy Lewis-Thomas

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Nora Papillion

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Lorette Bass

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

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
2023
Filed
9 May 2025
IRS schema version
2023v6.0
Source object
202541359349304934

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.