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SHREVEPORT CHARTER FOUNDATION INC: Form 990, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
SHREVEPORT CHARTER FOUNDATION INC (EIN 45-5089915)
Tax period
2017-07-01 to 2018-06-30
Filed
2019-05-10
IRS object ID
201941309349303249
Schema version
2017v2.3
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2019-05-10T14:09:57-05:00ReturnTs
Tax Period End2018-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN721396621PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CARR RIGGS & INGRAM LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11000 E PRESTON AVE STE 200AddressLine1Txt
CitySHREVEPORTCityNm
State AbbreviationLAStateAbbreviationCd
ZIP71105ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2017-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN455089915EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SHREVEPORT CHARTER FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSHREBusinessNameControlTxt
Phone3187035585PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12290 CLYDE FANT PKWY SERVICE RDAddressLine1Txt
CitySHREVEPORTCityNm
State AbbreviationLAStateAbbreviationCd
ZIP71105ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonANN STOKESPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone3187035585PhoneNum
Signature2019-03-05SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonANTHONY JUNEAU JRPreparerPersonNm
PTINP00237373PTIN
Phone3182222222PhoneNum
Preparation2019-03-05PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address96.71.143.82IPv4AddressTxt
FieldValueIRS element (for citing)
IP2019-03-05IPDt
IP Tm14:17:08IPTm
IP TimezoneCSIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id3DF9805FAA31623854267E5B2A407262AF6C50FDAtSubmissionCreationDeviceId
At Submission Filing Device Id91A80DD0C7C63B6C99BA38E55CCD5DCA71A99757AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2019-02-21 02:37:17ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerANN STOKESPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line12290 CLYDE FANT PKWY SERVICE RDAddressLine1Txt
CitySHREVEPORTCityNm
State AbbreviationLAStateAbbreviationCd
ZIP71105ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$13,548,280GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.SHREVEPORTCHARTERFOUNDATION.COMWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2012FormationYr
Legal Domicile StateLALegalDomicileStateCd
Activity Or MissionSHREVEPORT CHARTER FOUNDATION, INC. DESIGNS, DEVELOPS AND OPERATES HIGH PERFORMING SCHOOLS WITH AN: UNWAIVERING DEDICATION TO STUDENT ACHIEVEMENT- UNYIELDING COMMITMENT TO ETHICAL AND SOUND BUSINESS PRACTICES.ActivityOrMissionDesc
Voting Members Governing Body10VotingMembersGoverningBodyCnt
Voting Members Independent10VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$12,189,428PYContributionsGrantsAmt
CY Contributions Grants$13,290,481CYContributionsGrantsAmt
PY Program Service Revenue$148,631PYProgramServiceRevenueAmt
CY Program Service Revenue$101,871CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$230,613PYOtherRevenueAmt
CY Other Revenue$155,928CYOtherRevenueAmt
PY Total Revenue$12,568,672PYTotalRevenueAmt
CY Total Revenue$13,548,280CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$6,175,239PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$6,504,588CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$8,453,670PYOtherExpensesAmt
CY Other Expenses$8,256,011CYOtherExpensesAmt
PY Total Expenses$14,628,909PYTotalExpensesAmt
CY Total Expenses$14,760,599CYTotalExpensesAmt
PY Revenues Less Expenses-$2,060,237PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$1,212,319CYRevenuesLessExpensesAmt
Total Assets BOY$29,214,950TotalAssetsBOYAmt
Total Assets EOY$28,182,226TotalAssetsEOYAmt
Total Liabilities BOY$32,028,260TotalLiabilitiesBOYAmt
Total Liabilities EOY$32,207,855TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY-$2,813,310NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY-$4,025,629NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionSHREVEPORT CHARTER FOUNDATION, INC. (THE FOUNDATION), A LOUISIANA NOT-FOR-PROFIT CORPORATION, WAS FORMED ON FEBRUARY 27, 2012, EXCLUSIVELY FOR EDUCATIONAL PURPOSES. THE FOUNDATION HAS ENTERED INTO A TYPE 1 CHARTER SCHOOL CONTRACT WITH CADDO PARISH SCHOOL BOARD (CPSB) TO OPERATE THE MAGNOLIA SCHOOL OF EXCELLENCE (THE CHARTER SCHOOL) FOR STUDENTS FROM KINDERGARTEN TO EIGHTH GRADE IN CADDO PARISH, LOUISIANA.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$12,907,421ExpenseAmt
Revenue$257,799RevenueAmt
DescSHREVEPORT CHARTER FOUNDATION, INC. WAS FORMED EXCLUSIVELY FOR EDUCATIONAL PURPOSES. THE FOUNDATION HAS ENTERED INTO A TYPE 1 CHARTER SCHOOL CONTRACT WITH CADDO PARISH SCHOOL BOARD (CPSB) TO OPERATE THE MAGNOLIA SCHOOL OF EXCELLENCE (THE CHARTER SCHOOL) FOR STUDENTS FROM KINDERGARTEN TO EIGHTH GRADE IN CADDO PARISH, LOUISIANA.Desc
Total Program Service Expenses$12,907,421TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
Info In Schedule O Part VYes (X)InfoInScheduleOPartVInd
IRP Document19IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members10GoverningBodyVotingMembersCnt
Independent Voting Member10IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE ORGANIZATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3187035585PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12290 CLYDE FANT PKWY SERVICE RDAddressLine1Txt
CitySHREVEPORTCityNm
State AbbreviationLAStateAbbreviationCd
ZIP71105ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (10 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
ANN STOKES
PRESIDENT1.00Yes (X)Yes (X)$0$0$0
DR MELVA TURNER-WILLIAMS
VICE-PRESIDENT1.00Yes (X)Yes (X)$0$0$0
ERICA BRYANT
SECRETARY / TREASURER1.00Yes (X)Yes (X)$0$0$0
DR PHILLIP ROZEMAN
BOARD TRUSTEE1.00Yes (X)$0$0$0
DORIS SAMUELS-ROBINSON
BOARD TRUSTEE1.00Yes (X)$0$0$0
BETH WOODS
BOARD TRUSTEE1.00Yes (X)$0$0$0
ZAZELL DUDLEY
BOARD TRUSTEE1.00Yes (X)$0$0$0
TIM NIELSON
BOARD TRUSTEE1.00Yes (X)$0$0$0
DELANO WILSON
BOARD TRUSTEE1.00Yes (X)$0$0$0
JACK SHARP
BOARD TRUSTEE1.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Government Grants$13,290,481GovernmentGrantsAmt
Total Contributions$13,290,481TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
BEFORE AND AFTERCARE FEES611110$99,506$99,506
STUDENT LUNCHES611110$2,365$2,365
FieldValueIRS element (for citing)
Total Program Service Revenue$101,871TotalProgramServiceRevenueAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescINTERNAL FUNDS REVENUEDesc
Business611110BusinessCd
Total Revenue Column$155,928TotalRevenueColumnAmt
Related Or Exempt Func Income$155,928RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$155,928OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$13,548,280TotalRevenueColumnAmt
Related Or Exempt Func Income$257,799RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$5,668,075TotalAmt
Program Services$5,044,587ProgramServicesAmt
Management And General$623,488ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$16,831TotalAmt
Program Services$14,980ProgramServicesAmt
Management And General$1,851ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$344,646TotalAmt
Program Services$306,735ProgramServicesAmt
Management And General$37,911ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$475,036TotalAmt
Program Services$422,782ProgramServicesAmt
Management And General$52,254ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$46,605TotalAmt
Management And General$46,605ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$40,500TotalAmt
Management And General$40,500ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$143,666TotalAmt
Program Services$142,945ProgramServicesAmt
Management And General$721ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$109,706TotalAmt
Program Services$109,706ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$1,396TotalAmt
Program Services$1,242ProgramServicesAmt
Management And General$154ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$369,051TotalAmt
Program Services$328,455ProgramServicesAmt
Management And General$40,596ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$86,708TotalAmt
Management And General$86,708ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$3,119,399TotalAmt
Program Services$3,119,399ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$1,648,418TotalAmt
Program Services$1,458,850ProgramServicesAmt
Management And General$189,568ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$92,097TotalAmt
Program Services$81,966ProgramServicesAmt
Management And General$10,131ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
REPAIRS AND MAINTENANCE$687,570$611,937$75,633
FOOD SERVICES$434,073$422,507$11,566
PROPERTY TAXES$273,176$273,176
SCHOOL BOARD FEE$253,172$253,172

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$950,474TotalAmt
Program Services$841,330ProgramServicesAmt
Management And General$109,144ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$14,760,599TotalAmt
Program Services$12,907,421ProgramServicesAmt
Management And General$1,853,178ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$2,023,266BOYAmt
EOY$2,298,412EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$101,503BOYAmt
EOY$82,742EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$4,557BOYAmt
EOY$75,847EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$31,491,359LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$5,802,167LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$27,006,450BOYAmt
EOY$25,689,192EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$79,174BOYAmt
EOY$36,033EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$29,214,950BOYAmt
EOY$28,182,226EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$1,967,326BOYAmt
EOY$2,491,098EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$30,060,934BOYAmt
EOY$29,716,757EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$32,028,260BOYAmt
EOY$32,207,855EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY-$2,813,310BOYAmt
EOY-$4,025,629EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY-$2,813,310BOYAmt
EOY-$4,025,629EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$29,214,950BOYAmt
EOY$28,182,226EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$1,212,319ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS Audited0FSAuditedInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$5,688,544CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$7,961,730CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$9,120,220CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$12,189,428CurrentTaxYearMinus1YearAmt
Current Tax Year$13,290,481CurrentTaxYearAmt
Total$48,250,403TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$227,475CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$351,813CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$336,557CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$379,244CurrentTaxYearMinus1YearAmt
Current Tax Year$257,799CurrentTaxYearAmt
Total$1,552,888TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$5,916,019CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$8,313,543CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$9,456,777CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$12,568,672CurrentTaxYearMinus1YearAmt
Current Tax Year$13,548,280CurrentTaxYearAmt
Total$49,803,291TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$49,803,291PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$699CurrentTaxYearMinus4YearsAmt
Total$699TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$699CurrentTaxYearMinus4YearsAmt
Total$699TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$5,916,718CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$8,313,543CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$9,456,777CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$12,568,672CurrentTaxYearMinus1YearAmt
Current Tax Year$13,548,280CurrentTaxYearAmt
Total$49,803,990TotalAmt
FieldValueIRS element (for citing)
Public Support CY5091.00000PublicSupportCY509Pct
Public Support PY5091.00000PublicSupportPY509Pct
Investment Income CY0.00000InvestmentIncomeCYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Schedule B IRS990ScheduleB

Schedule D IRS990ScheduleD

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$28,813,183OtherCostOrOtherBasisAmt
Depreciation$4,103,697DepreciationAmt
Book Value$24,709,486BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$2,678,176OtherCostOrOtherBasisAmt
Depreciation$1,698,470DepreciationAmt
Book Value$979,706BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$25,689,192TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$13,548,280TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$13,548,280RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$13,548,280TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$14,760,599TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$14,760,599ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$14,760,599TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationTHE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION IS ALSO EXEMPT FROM LOUISIANA STATE INCOME TAXES. THE FOUNDATION FOLLOWS THE PROVISIONS OF THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES TOPIC OF THE FASB ASC, WHICH CLARIFIES THE ACCOUNTING AND RECOGNITION FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE FOUNDATION'S INCOME TAX RETURNS. MANAGEMENT EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THAT THEY HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRED ADJUSTMENTS TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART V, LINE 2B:THE FOUNDATION ENTERED INTO A MANAGEMENT AGREEMENT WITH CHARTER SCHOOLS USA AT SHREVEPORT, LLC TO DEVELOP, MANAGE, STAFF, AND OPERATE THE CHARTER SCHOOL. FORM W-2'S ARE ISSUED BY CHARTER SCHOOLS USA AT SHREVEPORT, LLC.
FORM 990, PART VI, SECTION B, LINE 11BTHE ORGANIZATION PROVIDES A COPY OF THE FORM 990 TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12CTHE OFFICERS REGULARLY AND CONSISTENTLY MONITOR THE BUSINESS TRANSACTIONS OF THE ORGANIZATION TO ENSURE THAT THEY ARE IN COMPLIANCE WITH THE POLICIES ESTABLISHED.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.

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