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SHREVEPORT CHARTER FOUNDATION INC: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
SHREVEPORT CHARTER FOUNDATION INC (EIN 45-5089915)
Tax period
2016-07-01 to 2017-06-30
Filed
2018-03-28
IRS object ID
201800879349300015
Schema version
2016v3.0
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)
Return2018-03-28T10:41:24-05:00ReturnTs
Tax Period End2017-06-30TaxPeriodEndDt

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 EAST PRESTON AVENUE SUITE 200AddressLine1Txt
CitySHREVEPORTCityNm
State AbbreviationLAStateAbbreviationCd
ZIP71105ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2016-07-01TaxPeriodBeginDt

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
Signature2018-02-27SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDAVID OLIVERPreparerPersonNm
PTINP00161211PTIN
Phone3182222222PhoneNum
Preparation2018-02-27PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address96.71.143.82IPv4AddressTxt
FieldValueIRS element (for citing)
IP2018-02-27IPDt
IP Tm14:56:55IPTm
IP TimezoneCSIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id4031E7BB72257C1664929D616389E193F63C4C99AtSubmissionCreationDeviceId
At Submission Filing Device Id1249904E06113E171D659F74AA29F8E8D3513814AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

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$12,568,672GrossReceiptsAmt
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$9,120,220PYContributionsGrantsAmt
CY Contributions Grants$12,189,428CYContributionsGrantsAmt
PY Program Service Revenue$175,428PYProgramServiceRevenueAmt
CY Program Service Revenue$148,631CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$161,129PYOtherRevenueAmt
CY Other Revenue$230,613CYOtherRevenueAmt
PY Total Revenue$9,456,777PYTotalRevenueAmt
CY Total Revenue$12,568,672CYTotalRevenueAmt
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$4,124,399PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$6,175,239CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$5,428,651PYOtherExpensesAmt
CY Other Expenses$8,453,670CYOtherExpensesAmt
PY Total Expenses$9,553,050PYTotalExpensesAmt
CY Total Expenses$14,628,909CYTotalExpensesAmt
PY Revenues Less Expenses-$96,273PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$2,060,237CYRevenuesLessExpensesAmt
Total Assets BOY$12,928,376TotalAssetsBOYAmt
Total Assets EOY$29,214,950TotalAssetsEOYAmt
Total Liabilities BOY$13,681,449TotalLiabilitiesBOYAmt
Total Liabilities EOY$32,028,260TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY-$753,073NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY-$2,813,310NetAssetsOrFundBalancesEOYAmt
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$11,920,645ExpenseAmt
Revenue$379,244RevenueAmt
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$11,920,645TotalProgramServiceExpensesAmt
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 Document15IRPDocumentCnt
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
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
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$12,189,428GovernmentGrantsAmt
Total Contributions$12,189,428TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
BEFORE AND AFTERCARE FEES611110$134,945$134,945
STUDENT LUNCHES611110$13,686$13,686
FieldValueIRS element (for citing)
Total Program Service Revenue$148,631TotalProgramServiceRevenueAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescINTERNAL FUNDS REVENUEDesc
Business611110BusinessCd
Total Revenue Column$230,613TotalRevenueColumnAmt
Related Or Exempt Func Income$230,613RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$230,613OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$12,568,672TotalRevenueColumnAmt
Related Or Exempt Func Income$379,244RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$5,427,895TotalAmt
Program Services$4,396,595ProgramServicesAmt
Management And General$1,031,300ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$9,309TotalAmt
Program Services$7,540ProgramServicesAmt
Management And General$1,769ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$301,197TotalAmt
Program Services$243,970ProgramServicesAmt
Management And General$57,227ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$436,838TotalAmt
Program Services$353,839ProgramServicesAmt
Management And General$82,999ManagementAndGeneralAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$863,664TotalAmt
Program Services$699,568ProgramServicesAmt
Management And General$164,096ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$112,805TotalAmt
Management And General$112,805ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$16,024TotalAmt
Management And General$16,024ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$126,759TotalAmt
Program Services$111,176ProgramServicesAmt
Management And General$15,583ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$137,506TotalAmt
Program Services$137,506ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$1,514TotalAmt
Program Services$1,226ProgramServicesAmt
Management And General$288ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$297,954TotalAmt
Program Services$241,343ProgramServicesAmt
Management And General$56,611ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$88,233TotalAmt
Management And General$88,233ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$2,780,468TotalAmt
Program Services$2,780,468ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$1,552,648TotalAmt
Program Services$1,257,645ProgramServicesAmt
Management And General$295,003ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$107,982TotalAmt
Program Services$87,465ProgramServicesAmt
Management And General$20,517ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
REPAIRS AND MAINTENANCE$698,862$566,078$132,784
FOOD SERVICES$391,027$381,303$9,724
PROPERTY TAXES$266,406$266,406
SCHOOL BOARD FEE$237,304$237,304

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$774,514TotalAmt
Program Services$654,923ProgramServicesAmt
Management And General$119,591ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$14,628,909TotalAmt
Program Services$11,920,645ProgramServicesAmt
Management And General$2,708,264ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,840,206BOYAmt
EOY$2,023,266EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$2,864BOYAmt
EOY$101,503EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$39,259BOYAmt
EOY$4,557EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$31,160,199LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$4,153,749LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$10,893,284BOYAmt
EOY$27,006,450EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$152,763BOYAmt
EOY$79,174EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$12,928,376BOYAmt
EOY$29,214,950EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$974,388BOYAmt
EOY$1,967,326EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$12,707,061BOYAmt
EOY$30,060,934EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$13,681,449BOYAmt
EOY$32,028,260EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY-$753,073BOYAmt
EOY-$2,813,310EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY-$753,073BOYAmt
EOY-$2,813,310EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$12,928,376BOYAmt
EOY$29,214,950EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$2,060,237ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit Committee0AuditCommitteeInd
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 Minus3 Years$5,688,544CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$7,961,730CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$9,120,220CurrentTaxYearMinus1YearAmt
Current Tax Year$12,189,428CurrentTaxYearAmt
Total$34,959,922TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$227,475CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$351,813CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$336,557CurrentTaxYearMinus1YearAmt
Current Tax Year$379,244CurrentTaxYearAmt
Total$1,295,089TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$5,916,019CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$8,313,543CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$9,456,777CurrentTaxYearMinus1YearAmt
Current Tax Year$12,568,672CurrentTaxYearAmt
Total$36,255,011TotalAmt

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$36,255,011PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$699CurrentTaxYearMinus3YearsAmt
Total$699TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$699CurrentTaxYearMinus3YearsAmt
Total$699TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$5,916,718CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$8,313,543CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$9,456,777CurrentTaxYearMinus1YearAmt
Current Tax Year$12,568,672CurrentTaxYearAmt
Total$36,255,710TotalAmt
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

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$28,813,183OtherCostOrOtherBasisAmt
Depreciation$3,733,119DepreciationAmt
Book Value$25,080,064BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$2,347,016OtherCostOrOtherBasisAmt
Depreciation$420,630DepreciationAmt
Book Value$1,926,386BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$27,006,450TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$12,568,672TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$12,568,672RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$12,568,672TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$14,628,909TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$14,628,909ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$14,628,909TotalExpensesPerForm990Amt

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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