Civic Intelligence

Pelican Educational Foundation Inc.

990 • Fiscal year 2014 • EIN 20-3801713

Jul 01, 2013 to Jun 30, 2014 • Filed on Jan 26, 2015

7600 Boone Ave70808

(504) 244-4416

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

72nd percentile

0.46x

Higher debt load relative to assets than 72% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

41st percentile

0.13x

Higher debt load relative to revenue than 41% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

52nd percentile

3.3%

Higher net margin than 52% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

40th percentile

$98,384

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

91st percentile

37%

Faster asset growth than 91% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Up

$1,745,563

Up $472,566 (+37%) from 2013

Net Assets

Up

$937,073

Up $207,060 (+28%) from 2013

Liabilities

Up

$808,490

Up $265,506 (+49%) from 2013

Revenue

$6,259,391

No earlier filing loaded for comparison.

Expenses

Up

$6,052,331

Up $602,818 (+11%) from 2013

Net Income

$207,060

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2010: $1,827,018Liabilities 2010: $997,456Net Assets 2010: $829,5622010Assets 2011: $1,762,173Liabilities 2011: $993,417Net Assets 2011: $768,7562011Assets 2012: $946,899Liabilities 2012: $878,411Net Assets 2012: $68,4882012Assets 2013: $1,272,997Liabilities 2013: $542,984Net Assets 2013: $730,0132013Assets 2014: $1,745,563Liabilities 2014: $808,490Net Assets 2014: $937,0732014Assets 2015: $1,463,821Liabilities 2015: $588,799Net Assets 2015: $875,0222015Assets 2016: $1,923,111Liabilities 2016: $600,043Net Assets 2016: $1,323,0682016Assets 2017: $1,928,212Liabilities 2017: $464,524Net Assets 2017: $1,463,6882017Assets 2018: $1,967,186Liabilities 2018: $486,504Net Assets 2018: $1,480,6822018Assets 2019: $1,548,681Liabilities 2019: $416,322Net Assets 2019: $1,132,3592019Assets 2020: $2,242,627Liabilities 2020: $718,625Net Assets 2020: $1,524,0022020Assets 2021: $2,986,395Liabilities 2021: $658,048Net Assets 2021: $2,328,3472021Assets 2022: $3,812,365Liabilities 2022: $732,951Net Assets 2022: $3,079,4142022Assets 2023: $4,290,505Liabilities 2023: $641,863Net Assets 2023: $3,648,6422023Assets 2024: $5,991,041Liabilities 2024: $1,116,317Net Assets 2024: $4,874,7242024

Highlighted filing

2014

Assets$1,745,563
Liabilities$808,490
Net Assets$937,073

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $9,586,8872010Expenses 2011: $9,564,2162011Expenses 2012: $5,495,6012012Expenses 2013: $5,449,5132013Revenue 2014: $6,259,391Expenses 2014: $6,052,331Net Income 2014: $207,0602014Revenue 2015: $6,475,203Expenses 2015: $6,537,254Net Income 2015: -$62,0512015Revenue 2016: $6,653,133Expenses 2016: $6,205,087Net Income 2016: $448,0462016Revenue 2017: $6,775,035Expenses 2017: $6,634,415Net Income 2017: $140,6202017Revenue 2018: $5,848,275Expenses 2018: $5,831,281Net Income 2018: $16,9942018Revenue 2019: $5,135,133Expenses 2019: $5,527,464Net Income 2019: -$392,3312019Revenue 2020: $5,755,526Expenses 2020: $5,363,883Net Income 2020: $391,6432020Revenue 2021: $6,262,674Expenses 2021: $5,458,329Net Income 2021: $804,3452021Revenue 2022: $7,570,315Expenses 2022: $6,819,248Net Income 2022: $751,0672022Revenue 2023: $8,119,143Expenses 2023: $7,549,915Net Income 2023: $569,2282023Revenue 2024: $14,610,657Expenses 2024: $13,384,575Net Income 2024: $1,226,0822024

Highlighted filing

2014

Revenue$6,259,391
Expenses$6,052,331
Net Income$207,060
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Jan 26, 2015
Return Version
2013v4.0
Gross Receipts
$6,259,391
Mission and Program Overview

Mission

To prepare students for academic success while developing them into mindful and responsible individuals.

To prepare students for academic success, to enable students to have a broad spectrum of options, to create productive students and responsible citizens, and to equip students with contemporary skills.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,053,668$1,526,367▲ $472,699
Land, Buildings, and Equipment, Net$141,078$109,810▼ $31,268
Pledges and Grants Receivable$21,223$106,506▲ $85,283
Prepaid Expenses and Deferred Charges$57,028$2,880▼ $54,148
Total Assets$1,272,997$1,745,563▲ $472,566
Liabilities
Accounts Payable and Accrued Expenses$542,984$808,490▲ $265,506
Total Liabilities$542,984$808,490▲ $265,506
Net Assets / Fund Balance
Unrestricted Net Assets$730,013$937,073▲ $207,060
Total Net Assets Fund Balance$730,013$937,073▲ $207,060
Total Liabilities and Net Assets / Fund Balance$1,272,997$1,745,563▲ $472,566

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$91,124$90,482$181,606
Buildings$18,686$86,214$104,900
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tevfik EskiSuperintendent/CEOFT$83,293$15,091$98,384
Hasan SuzukPrincipalFT$77,424$12,490$89,914
Hasan BicerBusiness ManagerFT$42,435$7,046$49,481

Board Members and Trustees

NameTitle
Orhan KizilkayaPresident
Karen FontenotVice President
Osman KazanDirector
Tevfik KosarDirector
Yusuf DagDirector
Eugene KennedySecretary
M Fatih CihanTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Mentorship AcademyStudent Transportation-$453,112
Blue Cross Blue Shield Of LaInsurance-$265,322
Diversified School Support ServicesOperating Expenses-$220,752
East Baton Rouge Parish School SystemOperating Expenses-$215,193
Chartwells Dining ServicesStudent Meals-$150,724
Revenue and Support

Revenue Composition

Contributions and Grants
$6,177,231
Program Service Revenue
$0
Investment Income
$181
Other Revenue
$81,979
All Other Contributions
$5,031
Change in Net Assets
$207,060

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,259,391
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$6,259,391
Total Revenue per Form 990
$6,259,391
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,059,598
Other Expenses$2,992,733
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,335,085$486,734-$2,821,819
Fees for Services Other$319,370$219,946-$539,316
All Other Expenses$156,215$115,802-$272,017
Occupancy-$258,742-$258,742
Current Officers, Directors, Trustees, and Key Employees-$237,779-$237,779
Fees for Services Legal-$221,541-$221,541
Fees for Services Management-$147,000-$147,000
Advertising-$135,850-$135,850
Other Expenses$169,687$111,017-$111,017
Insurance-$70,240-$70,240
Depreciation Depletion$36,622--$36,622
Travel$20,229$3,688-$23,917
Total Functional Expenses$3,037,208$3,015,123$0$6,052,331

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,052,331
Total Expenses per Audited Statements$6,052,331
Total Expenses per Form 990$6,052,331
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The organization delegated control over specified limited management duties performed under the direct supervision of its board of trustees to a management company. The management company is an unrelated third party performing services priced at fair market value on a contractual basis. Activities performed by the management company are subject to the approval and oversight of the board of trustees. All activities are directed at furtherance of the organization's exempt purpose.

Form 990, Part VI, Section B, Line 11

The tax preparer will submit a draft copy of the form 990 to the finance department, who will present the draft to the school principal. The school principal will review the return for accuracy and will then submit it to the attention of the superintendent along with the board of directors. Once it has been determined that all the information contained therein is accurate, the president of the board will sign the form 990.

Form 990, Part VI, Section B, Line 12C

Board members are not allowed to be involved with any entity which does business with pelican educational foundation or with any of the schools it manages. Board members are required to disclose annually if there are any interest that could give rise to conflict.

Form 990, Part VI, Section B, Line 15

The board of directors determines the appropriate compensation according to the market trends in each district and the qualifications and performance of the individual. The decisions are documented in the board minutes.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

EIN
20-3801713
Phone
5042444416

Signing Officer

Name
Orhan Kizilkaya
Title
Board President
Phone
5042444416
Signed
2015-01-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Orhan Kizilkaya
Formed
2005
Legal Domicile
La
Voting Board Members
7
Independent Board Members
7
Employees
79
Volunteers
7

Preparer

Preparer
Jack B Kase CPA Pfs
Phone
5048379116
Supplemental Narrative

Additional Explanations

FORM 990, PAGE 12, PART XII, LINE 2C:

This process has not changed from last year.

Financial Statement Notes

PART X, LINE 2:

Accounting principles generally accepted in the united states of america require the foundation's management to evaluate tax positions taken by the foundation and recognize a tax liability if the foundation has taken an uncertain position that more likely than not would not be sustained upon examination by the internal revenue service. The foundation's management has analyzed the tax positions taken by the foundation, and has concluded that as of june 30, 2014 and 2013, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements. The foundation is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The foundation's management believes it is no longer subject to income tax examinations for years prior to 2011.

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IRS990/InvestmentIncomeGrp/ExclusionAmt0181
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0181
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt039
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0176696
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0141078
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0109810
IRS990/LandBldgEquipCostOrOtherBssAmt0286506
IRS990/LegalDomicileStateCd0LA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PREPARE STUDENTS FOR ACADEMIC SUCCESS WHILE DEVELOPING THEM INTO MINDFUL AND RESPONSIBLE INDIVIDUALS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0730013
IRS990/NetAssetsOrFundBalancesEOYAmt0937073
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0258742
IRS990/OccupancyGrp/TotalAmt0258742
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0STUDENT TRANSPORTATION
IRS990/OtherExpensesGrp/Desc1FOOD SERVICES
IRS990/OtherExpensesGrp/Desc2MATERIALS & SUPPLIES
IRS990/OtherExpensesGrp/Desc3REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0653157
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1300950
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt252677
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3111017
IRS990/OtherExpensesGrp/ProgramServicesAmt0169687
IRS990/OtherExpensesGrp/TotalAmt0653157
IRS990/OtherExpensesGrp/TotalAmt1300950
IRS990/OtherExpensesGrp/TotalAmt2222364
IRS990/OtherExpensesGrp/TotalAmt3111017
IRS990/OtherRevenueMiscGrp/BusinessCd0611710
IRS990/OtherRevenueMiscGrp/BusinessCd1611710
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/Desc1BOOKS & SUPPLIES SOLD
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt072185
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt19794
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt072185
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt19794
IRS990/OtherRevenueTotalAmt081979
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0486734
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02335085
IRS990/OtherSalariesAndWagesGrp/TotalAmt02821819
IRS990/PartialLiquidationInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt021223
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0106506
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt057028
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02880
IRS990/PrincipalOfficerNm0ORHAN KIZILKAYA
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt05719903
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0230
IRS990/PYOtherExpensesAmt02551584
IRS990/PYOtherRevenueAmt083806
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0354426
IRS990/PYSalariesCompEmpBnftPaidAmt02897929
IRS990/PYTotalExpensesAmt05449513
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05803939
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0207060
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt018686
IRS990ScheduleD/BuildingsGrp/DepreciationAmt086214
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0104900
IRS990ScheduleD/EquipmentGrp/BookValueAmt091124
IRS990ScheduleD/EquipmentGrp/DepreciationAmt090482
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0181606
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt06052331
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt06259391
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE THE FOUNDATION'S MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE FOUNDATION'S MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION, AND HAS CONCLUDED THAT AS OF JUNE 30, 2014 AND 2013, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE FOUNDATION'S MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2011.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0109810
IRS990ScheduleD/TotalExpensesPerForm990Amt06052331
IRS990ScheduleD/TotalRevenuePerForm990Amt06259391
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06259391
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06052331
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH BROADCASTING, NEWSPAPER, AND STREET SIGNS DURING THE OPEN ENROLLMENT REGISTRATION PERIOD.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION'S PRIMARY SOURCE OF FUNDING IS THROUGH THE STATE PUBLIC SCHOOL FUND. THE FOUNDATION RECEIVES FUNDING PER ELIGIBLE STUDENT IN ATTENDANCE ON OCTOBER 1ST. THE FOUNDATION RECEIVED 89% OF ITS REVENUES FOR THE YEAR ENDED JUNE 30, 2013, FROM THE STATE OF LOUISIANA, SUBJECT TO ITS CHARTER AGREEMENT WITH THE STATE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DELEGATED CONTROL OVER SPECIFIED LIMITED MANAGEMENT DUTIES PERFORMED UNDER THE DIRECT SUPERVISION OF ITS BOARD OF TRUSTEES TO A MANAGEMENT COMPANY. THE MANAGEMENT COMPANY IS AN UNRELATED THIRD PARTY PERFORMING SERVICES PRICED AT FAIR MARKET VALUE ON A CONTRACTUAL BASIS. ACTIVITIES PERFORMED BY THE MANAGEMENT COMPANY ARE SUBJECT TO THE APPROVAL AND OVERSIGHT OF THE BOARD OF TRUSTEES. ALL ACTIVITIES ARE DIRECTED AT FURTHERANCE OF THE ORGANIZATION'S EXEMPT PURPOSE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE TAX PREPARER WILL SUBMIT A DRAFT COPY OF THE FORM 990 TO THE FINANCE DEPARTMENT, WHO WILL PRESENT THE DRAFT TO THE SCHOOL PRINCIPAL. THE SCHOOL PRINCIPAL WILL REVIEW THE RETURN FOR ACCURACY AND WILL THEN SUBMIT IT TO THE ATTENTION OF THE SUPERINTENDENT ALONG WITH THE BOARD OF DIRECTORS. ONCE IT HAS BEEN DETERMINED THAT ALL THE INFORMATION CONTAINED THEREIN IS ACCURATE, THE PRESIDENT OF THE BOARD WILL SIGN THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS ARE NOT ALLOWED TO BE INVOLVED WITH ANY ENTITY WHICH DOES BUSINESS WITH PELICAN EDUCATIONAL FOUNDATION OR WITH ANY OF THE SCHOOLS IT MANAGES. BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANNUALLY IF THERE ARE ANY INTEREST THAT COULD GIVE RISE TO CONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS DETERMINES THE APPROPRIATE COMPENSATION ACCORDING TO THE MARKET TRENDS IN EACH DISTRICT AND THE QUALIFICATIONS AND PERFORMANCE OF THE INDIVIDUAL. THE DECISIONS ARE DOCUMENTED IN THE BOARD MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THIS PROCESS HAS NOT CHANGED FROM LAST YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 12, PART XII, LINE 2C:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01272997
IRS990/TotalAssetsEOYAmt01745563
IRS990/TotalAssetsGrp/BOYAmt01272997
IRS990/TotalAssetsGrp/EOYAmt01745563
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt06177231
IRS990/TotalEmployeeCnt079
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03015123
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03037208
IRS990/TotalFunctionalExpensesGrp/TotalAmt06052331
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0542984
IRS990/TotalLiabilitiesEOYAmt0808490
IRS990/TotalLiabilitiesGrp/BOYAmt0542984
IRS990/TotalLiabilitiesGrp/EOYAmt0808490
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0730013
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0937073
IRS990/TotalOtherCompensationAmt034627
IRS990/TotalProgramServiceExpensesAmt03037208
IRS990/TotalReportableCompFromOrgAmt0203152
IRS990/TotalRevenueGrp/ExclusionAmt0181
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt081979
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt06259391
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01272997
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01745563
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt03688
IRS990/TravelGrp/ProgramServicesAmt020229
IRS990/TravelGrp/TotalAmt023917
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.99$1.12$4.87$14.6$13.4$1.23
2023Detailed filing. Detailed filing data is available for this year.$4.29$0.64$3.65$8.12$7.55$0.57
2022Detailed filing. Detailed filing data is available for this year.$3.81$0.73$3.08$7.57$6.82$0.75
2021Detailed filing. Detailed filing data is available for this year.$2.99$0.66$2.33$6.26$5.46$0.80
2020Detailed filing. Detailed filing data is available for this year.$2.24$0.72$1.52$5.76$5.36$0.39
2019Detailed filing. Detailed filing data is available for this year.$1.55$0.42$1.13$5.14$5.53$0.39
2018Detailed filing. Detailed filing data is available for this year.$1.97$0.49$1.48$5.85$5.83$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.93$0.46$1.46$6.78$6.63$0.14
2016Detailed filing. Detailed filing data is available for this year.$1.92$0.60$1.32$6.65$6.21$0.45
2015Detailed filing. Detailed filing data is available for this year.$1.46$0.59$0.88$6.48$6.54$0.06
2014Detailed filing. Detailed filing data is available for this year.$1.75$0.81$0.94$6.26$6.05$0.21
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.27$0.54$0.73$5.45
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.95$0.88$0.07$5.50
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.76$0.99$0.77$9.56
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.83$1.00$0.83$9.59