Civic Intelligence

Fletcher Technical Community College Foundation Inc

EIN 20-4415988 • 501(c)3 • Schriever, LA

Profile

Support and enhance Fletcher Technical Comunity Colleges programs, facilities, and overall mission, and to foster private financial resources for the college in order to allow the college to respond effectively to workforce development and student and industry needs.

1407 Highway 311Schriever, LA 70395

www.fletcher.edu/foundation

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

37th percentile

0.02x

Higher debt load relative to assets than 37% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

48th percentile

0.06x

Higher debt load relative to revenue than 48% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

4th percentile

-93%

Higher net margin than 4% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

10th percentile

-21%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

30th percentile

-3.8%

Faster revenue growth than 30% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$3,758,177

Down $986,607 (-21%) from 2023

Liabilities

Up

$69,617

Up $19,330 (+38%) from 2023

Net Assets

Down

$3,688,560

Down $1,005,937 (-21%) from 2023

Revenue

Down

$1,085,695

Down $42,878 (-3.8%) from 2023

Expenses

Up

$2,091,632

Up $1,419,370 (+211%) from 2023

Net Income

Down

-$1,005,937

Down $1,462,248 (-320%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2010: $668,377Liabilities 2010: $120,000Net Assets 2010: $548,3772010Assets 2011: $779,723Liabilities 2011: $127,945Net Assets 2011: $651,7782011Assets 2012: $3,340,463Liabilities 2012: $164,740Net Assets 2012: $3,175,7232012Assets 2013: $2,798,092Liabilities 2013: $156,974Net Assets 2013: $2,641,1182013Assets 2014: $1,797,167Liabilities 2014: $152,697Net Assets 2014: $1,644,4702014Assets 2015: $1,985,089Liabilities 2015: $172,329Net Assets 2015: $1,812,7602015Assets 2016: $1,986,102Liabilities 2016: $2,000Net Assets 2016: $1,984,1022016Assets 2017: $2,218,382Liabilities 2017: $0Net Assets 2017: $2,218,3822017Assets 2018: $2,603,592Liabilities 2018: $0Net Assets 2018: $2,603,5922018Assets 2019: $2,631,702Liabilities 2019: $0Net Assets 2019: $2,631,7022019Assets 2020: $2,769,744Liabilities 2020: $559Net Assets 2020: $2,769,1852020Assets 2021: $4,924,173Liabilities 2021: $61,707Net Assets 2021: $4,862,4662021Assets 2022: $4,246,087Liabilities 2022: $7,901Net Assets 2022: $4,238,1862022Assets 2023: $4,744,784Liabilities 2023: $50,287Net Assets 2023: $4,694,4972023Assets 2024: $3,758,177Liabilities 2024: $69,617Net Assets 2024: $3,688,5602024

Highlighted filing

2024

Assets$3,758,177
Liabilities$69,617
Net Assets$3,688,560

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$2.0M$0-$2.0MExpenses 2010: $256,1152010Expenses 2011: $252,6182011Expenses 2012: $2,311,2232012Revenue 2013: $148,624Expenses 2013: $716,734Net Income 2013: -$568,1102013Revenue 2014: $326,184Expenses 2014: $1,335,829Net Income 2014: -$1,009,6452014Revenue 2015: $440,025Expenses 2015: $258,131Net Income 2015: $181,8942015Revenue 2016: $349,003Expenses 2016: $337,983Net Income 2016: $11,0202016Revenue 2017: $377,155Expenses 2017: $182,366Net Income 2017: $194,7892017Revenue 2018: $756,257Expenses 2018: $322,010Net Income 2018: $434,2472018Revenue 2019: $412,644Expenses 2019: $462,238Net Income 2019: -$49,5942019Revenue 2020: $497,912Expenses 2020: $399,626Net Income 2020: $98,2862020Revenue 2021: $3,220,607Expenses 2021: $1,127,326Net Income 2021: $2,093,2812021Revenue 2022: $633,603Expenses 2022: $1,257,883Net Income 2022: -$624,2802022Revenue 2023: $1,128,573Expenses 2023: $672,262Net Income 2023: $456,3112023Revenue 2024: $1,085,695Expenses 2024: $2,091,632Net Income 2024: -$1,005,9372024

Highlighted filing

2024

Revenue$1,085,695
Expenses$2,091,632
Net Income-$1,005,937

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.76$0.07$3.69$1.09$2.09$1.01
2023Detailed filing. Detailed filing data is available for this year.$4.74$0.05$4.69$1.13$0.67$0.46
2022Detailed filing. Detailed filing data is available for this year.$4.25$0.01$4.24$0.63$1.26$0.62
2021Detailed filing. Detailed filing data is available for this year.$4.92$0.06$4.86$3.22$1.13$2.09
2020Detailed filing. Detailed filing data is available for this year.$2.77$0.00$2.77$0.50$0.40$0.10
2019Detailed filing. Detailed filing data is available for this year.$2.63$0.00$2.63$0.41$0.46$0.05
2018Detailed filing. Detailed filing data is available for this year.$2.60$0.00$2.60$0.76$0.32$0.43
2017Detailed filing. Detailed filing data is available for this year.$2.22$0.00$2.22$0.38$0.18$0.19
2016Detailed filing. Detailed filing data is available for this year.$1.99$0.00$1.98$0.35$0.34$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.99$0.17$1.81$0.44$0.26$0.18
2014Detailed filing. Detailed filing data is available for this year.$1.80$0.15$1.64$0.33$1.34$1.01
2013Detailed filing. Detailed filing data is available for this year.$2.80$0.16$2.64$0.15$0.72$0.57
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.34$0.16$3.18$2.31
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.78$0.13$0.65$0.25
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.67$0.12$0.55$0.26
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jul 10, 2025
Return Version
2024v5.2
Gross Receipts
$1,085,695
Mission and Program Overview

Mission

Support and enhance Fletcher Technical Comunity College's programs, facilities, and overall mission, and to foster private financial resources for the college in order to allow the college to respond effectively to workforce development and student and industry needs.

Support and Enhance Fletcher Technical Community Colleges Programs, Facilities, and Overall Mission

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,955,379$2,234,266▲ $278,887
Savings and Temporary Cash Investments$1,897,467$1,248,546▼ $648,921
Pledges and Grants Receivable$470,000$0▼ $470,000
Cash and Non-Interest-Bearing Accounts$421,938$275,365▼ $146,573
Total Assets$4,744,784$3,758,177▼ $986,607
Liabilities
Accounts Payable and Accrued Expenses$50,287$69,617▲ $19,330
Total Liabilities$50,287$69,617▲ $19,330
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,706,790$2,933,488▼ $773,302
Net Assets Without Donor Restrictions$987,707$755,072▼ $232,635
Total Net Assets Fund Balance$4,694,497$3,688,560▼ $1,005,937
Total Liabilities and Net Assets / Fund Balance$4,744,784$3,758,177▼ $986,607

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$1,636,790$10,000▲ $180,957$57,567$1,758,101
2023$1,355,598$140,000▲ $319,044$169,539$1,636,790
2022$1,200,908$320,000▼ $147,074$16,205$1,355,598
2021$853,621$260,000▲ $96,826$1,695$1,200,908
2020$771,409$40,000▲ $60,669$13,020$853,621
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ben MalbroughChair
Timothy AllenPast Chair
Mike DuplantisVice Chair
Billy LawsonDirector
Chris BarkerDirector
Christy ZeringueDirector
DJ ThompsonDirector
Farida BrigoliDirector
Hunter TiekenDirector
Jay TiptonDirector
John WarrenDirector
Joni TuckDirector
Marguerite KnightDirector
Michelle FolseDirector
Mike LewisDirector
Stacy HebertDirector
Stephen C SmithDirector
Monique CrochetExecutive Director
Robbie NaquinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$862,313
Program Service Revenue
$0
Investment Income
$217,306
Other Revenue
$6,076
All Other Contributions
$792,957
Change in Net Assets
$-1,005,937

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Securities Publicly Traded1$133,996
Total Noncash Contributions1$133,996

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,085,695
Total Revenue per Audited Statements
$1,085,695
Total Revenue per Form 990
$1,085,695
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,805,389
Other Expenses$286,243
Total Fundraising Expense$44,605
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,759,552--$1,759,552
All Other Expenses$52,778$66,824$8,235$127,837
Fees for Services Other$0$30,496$17,499$47,995
Grants to Domestic Individuals$45,837--$45,837
Fees for Services Management$0$12,762$0$12,762
Other Expenses$9,461$1,620$0$11,081
Fees for Services Accounting$0$10,090$0$10,090
Conferences and Meetings$3,844$4,245$0$8,089
Advertising$1,600$1,985$0$3,585
Office Expenses$0$1,118$0$1,118
Insurance$0$729$0$729
Total Functional Expenses$1,876,637$170,390$44,605$2,091,632

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,091,632
Total Expenses per Audited Statements$2,091,632
Total Expenses per Form 990$2,091,632
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Fletcher Technical Community CollegeSchriever, LA-Support program & facility$1,759,552
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Chancellors Breakfast$43,601$43,601$32,495$11,106
Golf Tournment$20,865$20,865$3,275$17,590
Total Events$64,466$64,466$44,055$20,411
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
Business relationship with 35% controlled entity
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Fletcher Technical Community College Foundation Inc
EIN
20-4415988
Phone
9854487900
Address
1407 Highway 311, Schriever, LA 70395

Signing Officer

Name
Monique Crochet
Title
Executive Director
Phone
9854487900
Signed
2025-07-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Monique Crochet
Formed
2006
Legal Domicile
La
Voting Board Members
18
Independent Board Members
18
Employees
0
Volunteers
0

Preparer

Firm
Martin & Pellegrin CPA's PC
Address
103 Ramey Road, Houma, LA 70360
Preparer
Pernell Pellegrin
Phone
9858513638
Supplemental Narrative

Additional Explanations

Other

Form 990, Part I, Line I, Description of Organization Mission: Mission, and to foster provate financial resources for the college in order to allow the college to respond effectively to workforce development and student and industry needs.

Pt VI, Line 12C

Each director, principal officer, and member of a committee with governing board delegated powers shall annually sign a statement to disclose any potential conflicts of interest.

Pt VI, Line 19

Disclosure of governing documents, policies, procedures, and financial information are made available upon request.

Pt VI, Line 11B

The prepared 990 is given to all members of the governing body.

Pt VI, Line 6

The board has 18 members.

Pt VI, Line 7A

By vote, new board members are approved by the existing board members.

Pt VI, Line 7B

By vote, the Board of Directors made decisions and policy.

Financial Statement Notes

Pt V, Line 4

Fund professorships and scholarships

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IRS990/Form990PartVIISectionAGrp/PersonNm7Mike Lewis
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IRS990/Form990PartVIISectionAGrp/PersonNm14John Warren
IRS990/Form990PartVIISectionAGrp/PersonNm15Billy Lawson
IRS990/Form990PartVIISectionAGrp/PersonNm16Monique Crochet
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