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Nonprofiteer
← FOUNDATION FOR LOUISIANA STUDENTS

Form 990 for tax year 2023

Filed by FOUNDATION FOR LOUISIANA STUDENTS.

Totals

Total revenue
$49,713,713
Total expenses
$45,856,348
Contributions and grants received
$48,762,688
Grants paid
$0
Program service revenue
$0
Investment income
$804,684
Other revenue
$146,341
Total assets, end of year
$43,252,599
Total liabilities, end of year
$3,594,535
Net assets or fund balances, end of year
$39,658,064
Program services expenses (Part IX)
$32,608,340
Management and general expenses
$13,248,008
Fundraising expenses
$0
Program service expenses (Part III)
$32,608,340

Program services were 71.1% 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)

    $48,762,688

  • 3 · Investment income

    total $804,684 · excluded $804,684

  • 11a · Other revenue: MEDICAID REIMBURSEMENT

    total $124,941 · related or exempt $124,941

  • 11b · Other revenue: MISCELLANEOUS INCOME

    total $21,400 · related or exempt $21,400

  • 11e · Other revenue, total

    $146,341

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $396,314 · program services $396,314

  • 7 · Other salaries and wages

    total $23,674,186 · program services $18,733,542 · management and general $4,940,644

  • 9 · Other employee benefits

    total $7,278,097 · program services $5,960,461 · management and general $1,317,636

  • 11b · Fees: legal

    total $422,501 · management and general $422,501

  • 11c · Fees: accounting

    total $535,741 · management and general $535,741

  • 11g · Fees: other

    total $1,869,214 · program services $602,030 · management and general $1,267,184

  • 12 · Advertising and promotion

    total $17,455 · management and general $17,455

  • 13 · Office expenses

    total $1,176 · program services $1,176

  • 16 · Occupancy

    total $1,192,781 · program services $250,851 · management and general $941,930

  • 17 · Travel

    total $567,223 · program services $513,102 · management and general $54,121

  • 22 · Depreciation, depletion and amortization

    total $444,637 · management and general $444,637

  • 23 · Insurance

    total $416,025 · management and general $416,025

  • 24a · Other expenses: TEXTS & INSTRUCTIONAL M

    total $3,339,296 · program services $3,058,399 · management and general $280,897

  • 24b · Other expenses: PROFESSIONAL AND TECHNI

    total $2,196,572 · program services $757,992 · management and general $1,438,580

  • 24c · Other expenses: COMMUNICATIONS EXPENSE

    total $2,170,638 · program services $1,841,045 · management and general $329,593

  • 24d · Other expenses: STUDENT SERVICES/SPONSO

    total $482,351 · program services $482,351

  • 24e · All other expenses

    total $852,141 · program services $11,077 · management and general $841,064

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $21,372,653 · end of year $24,593,532

  • 3 · Pledges and grants receivable

    beginning of year $2,596,530 · end of year $1,271,528

  • 9 · Prepaid expenses and deferred charges

    beginning of year $197,115 · end of year $580,505

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

    $18,832,815

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

    $2,505,604

  • 10c · Land, buildings and equipment, net

    beginning of year $14,766,760 · end of year $16,327,211

  • 15 · Other assets

    beginning of year $280,627 · end of year $479,823

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,412,986 · end of year $3,594,535

  • 27 · Net assets without donor restrictions

    beginning of year $35,800,699 · end of year $39,658,064

Mission and programs · 2023

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 $32,608,340

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

Listed in Part VII

  • Michael Howes

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Linda Holliday

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • John Price

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Thomas Trennen Nealsson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Grace Anderson

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Hala Esmail

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • James Llorens

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • William Biossat

    AD HOC MEMBER OF FINANCE COMMITTEE

    Total calculated
    $0
    Hours/week
    2

  • Dr Quentina Timoll

    SUPERINTENDENT

    Total calculated
    $202,464
    From this org
    $182,831
    From related orgs
    $0
    Other
    $19,633
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,831
    Bonus
    $0
    Other
    $0
    Deferred
    $5,242
    Nontaxable benefits
    $14,391
    Filer's total
    $202,464

  • Lekisha Chambers

    DEPUTY SUPERINTENDENT

    Total calculated
    $160,543
    From this org
    $139,103
    From related orgs
    $0
    Other
    $21,440
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,103
    Bonus
    $0
    Other
    $0
    Deferred
    $8,346
    Nontaxable benefits
    $13,094
    Filer's total
    $160,543

  • Sharon Sims

    PRINCIPAL

    Total calculated
    $130,105
    From this org
    $111,016
    From related orgs
    $0
    Other
    $19,089
    Hours/week
    40

  • Janna Husser

    PRINCIPAL

    Total calculated
    $138,810
    From this org
    $106,890
    From related orgs
    $0
    Other
    $31,920
    Hours/week
    40

  • Donna Grice

    EXECUTIVE SERVICE

    Total calculated
    $149,019
    From this org
    $135,569
    From related orgs
    $0
    Other
    $13,450
    Hours/week
    40

  • Nita Martin

    GUIDANCE SVC/INSTRUCTION

    Total calculated
    $131,329
    From this org
    $100,278
    From related orgs
    $0
    Other
    $31,051
    Hours/week
    40

  • Ethel Teer

    GUIDANCE SERVICE

    Total calculated
    $130,612
    From this org
    $100,511
    From related orgs
    $0
    Other
    $30,101
    Hours/week
    40

  • Shana King

    FORMER SUPERINTENDENT

    Total calculated
    $132,650
    From this org
    $107,870
    From related orgs
    $0
    Other
    $24,780
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $107,870
    Bonus
    $0
    Other
    $0
    Deferred
    $6,472
    Nontaxable benefits
    $18,308
    Filer's total
    $132,650

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

The filer's explanations (Part III)

PART I, LINE 3
FOUNDATION FOR LOUISIANA STUDENTS HAS A BOARD APPROVED SALARY SCHEDULE FOR THE POSITIONS OF EXECUTIVE DIRECTOR, CFO, AND OTHER SIMILAR POSITIONS. THE SUPERINTENDENT POSITION HAS A BOARD-APPROVED, WRITTEN EMPLOYMENT CONTRACT.

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
2023
Filed
21 April 2025
IRS schema version
2023v6.0
Source object
202521339349301717

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

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