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Nonprofiteer
← LAFAYETTE CHARTER FOUNDATION INC

Form 990 for tax year 2023

Filed by LAFAYETTE CHARTER FOUNDATION INC.

Totals

Total revenue
$61,651,832
Total expenses
$62,793,512
Contributions and grants received
$61,491,488
Grants paid
$0
Program service revenue
$857,692
Investment income
-$1,184,502
Other revenue
$487,154
Total assets, end of year
$98,582,572
Total liabilities, end of year
$105,082,782
Net assets or fund balances, end of year
-$6,500,210
Program services expenses (Part IX)
$50,725,878
Management and general expenses
$12,067,634
Fundraising expenses
$0
Program service expenses (Part III)
$50,725,878

Program services were 80.8% 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)

    $61,491,488

  • 2a · Program service revenue: BEFORE AND AFTERCARE FEES

    total $735,353 · related or exempt $735,353

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

    total $122,339 · related or exempt $122,339

  • 3 · Investment income

    total $92,652 · excluded $92,652

  • 7b · Less cost or other basis and sales expenses

    other assets $1,277,154

  • 7c · Gain or loss

    other assets -$1,277,154

  • 7d · Net gain or loss

    total -$1,277,154 · excluded -$1,277,154

  • 11a · Other revenue: OTHER INCOME

    total $487,154 · related or exempt $487,154

  • 11e · Other revenue, total

    $487,154

Functional expenses

Part IX, the statement of functional expenses.

  • 6 · Compensation of disqualified persons

    total $20,069,441 · program services $18,418,784 · management and general $1,650,657

  • 9 · Other employee benefits

    total $4,582,279 · program services $4,171,237 · management and general $411,042

  • 11g · Fees: other

    total $12,827,140 · program services $3,745,243 · management and general $9,081,897

  • 12 · Advertising and promotion

    total $210,344 · program services $204,785 · management and general $5,559

  • 13 · Office expenses

    total $15,522 · program services $11,301 · management and general $4,221

  • 14 · Information technology

    total $60,611 · program services $36,366 · management and general $24,245

  • 16 · Occupancy

    total $120,395 · program services $116,842 · management and general $3,553

  • 17 · Travel

    total $360,119 · program services $213,312 · management and general $146,807

  • 20 · Interest

    total $8,051,658 · program services $7,822,168 · management and general $229,490

  • 22 · Depreciation, depletion and amortization

    total $6,750,362 · program services $6,557,962 · management and general $192,400

  • 23 · Insurance

    total $627,647 · program services $609,133 · management and general $18,514

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $2,641,143 · program services $2,565,855 · management and general $75,288

  • 24b · Other expenses: SUPPLIES AND MATERIALS

    total $1,948,465 · program services $1,809,864 · management and general $138,601

  • 24c · Other expenses: FOOD SERVICE

    total $1,877,343 · program services $1,858,570 · management and general $18,773

  • 24d · Other expenses: UTILITIES

    total $1,197,685 · program services $1,163,546 · management and general $34,139

  • 24e · All other expenses

    total $1,453,358 · program services $1,420,910 · management and general $32,448

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,170,925 · end of year $5,791,800

  • 3 · Pledges and grants receivable

    beginning of year $2,662,544 · end of year $2,535,334

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,805 · end of year $629,806

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

    $116,017,730

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

    $27,089,283

  • 10c · Land, buildings and equipment, net

    beginning of year $67,844,439 · end of year $88,928,447

  • 15 · Other assets

    beginning of year $654,628 · end of year $697,185

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,137,207 · end of year $3,913,968

  • 19 · Deferred revenue

    beginning of year $48,043 · end of year $0

  • 25 · Other liabilities

    beginning of year $77,517,621 · end of year $101,168,814

  • 27 · Net assets without donor restrictions

    beginning of year -$5,358,530 · end of year -$6,500,210

Mission and programs · 2023

Mission

TO PROVIDE AN INSPIRING AND MOTIVATNG 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.

  • THE ACADANIA PROGRAMS/ACTIVITIES INCLUDE GENERAL EDUCATION FOR THE INSTRUCTION OF STUDENTS, TRANSPORTATION INCLUDING BUS SERVICES FOR STUDENTS AND ADMINISTRATION.

    Expenses $42,735,657 · Revenue $874,150

  • THE LAFAYETTE PROGRAMS/ACTIVITIES INCLUDE GENERAL EDUCATION FOR THE INSTRUCTION OF STUDENTS, TRANSPORTATION INCLUDING BUS SERVICES FOR STUDENTS AND ADMINISTRATION.

    Expenses $7,990,221 · Revenue $470,696

As filed on the 2023 return.

Listed in Part VII

  • Nick Pugh

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dr Nancy Gomez

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kim Vavasseur

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Murugan Ambalakannu

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dr Mary Louella Riggs-Cook

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Erica Williams

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Karen Miller Lewis

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jared Labue

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Clovis Benoit III

    FELLOW PRINCIPAL

    Total calculated
    $137,354
    From this org
    $128,031
    From related orgs
    $0
    Other
    $9,323
    Hours/week
    40

  • Kimberly Lemire

    HEAD OF SCHOOL

    Total calculated
    $139,389
    From this org
    $131,375
    From related orgs
    $0
    Other
    $8,014
    Hours/week
    40

  • Lyndelle Theriot

    PRINCIPAL

    Total calculated
    $119,692
    From this org
    $119,416
    From related orgs
    $0
    Other
    $276
    Hours/week
    40

  • Ronnie Harrison

    HEAD OF SCHOOL

    Total calculated
    $133,854
    From this org
    $133,854
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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
8 May 2025
IRS schema version
2023v6.0
Source object
202521359349305057

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