Civic Intelligence

Grambling High Foundation DBA Lincoln Preparatory School

EIN 20-5690042 • 501(c)3 • Grambling, LA

Profile

The primary activity of the Grambling High Foundation is to provide fundraising and financial support to Grambling Laboratory Schools for the benefit of the State funded public school. The Foundation has successfully completed the state charter application process and is now the operator of the Lincoln Preparatory School.

407 Central AvenueGrambling, LA 71245

lincolnprep.wildapricot.org

Siviq Scores

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

Liabilities / Assets

90th percentile

0.92x

Higher debt load relative to assets than 90% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

91st percentile

3.70x

Higher debt load relative to revenue than 91% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

16th percentile

-9.5%

Higher net margin than 16% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

17th percentile

$182,681

Higher top officer pay than 17% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Asset Growth

12th percentile

-5.7%

Faster asset growth than 12% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

11th percentile

-16%

Faster revenue growth than 11% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Down

$52,553,144

Down $3,157,551 (-5.7%) from 2023

Liabilities

Down

$48,390,320

Down $1,455,999 (-2.9%) from 2023

Net Assets

Down

$4,162,824

Down $1,701,552 (-29%) from 2023

Revenue

Down

$13,090,326

Down $2,540,387 (-16%) from 2023

Expenses

Up

$14,330,107

Up $1,735,658 (+14%) from 2023

Net Income

Down

-$1,239,781

Down $4,276,045 (-141%) from 2023

Trend Graphs

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2017: $789,482Liabilities 2017: $521,529Net Assets 2017: $267,9532017Assets 2018: $693,828Liabilities 2018: $359,069Net Assets 2018: $334,7592018Assets 2019: $853,313Liabilities 2019: $489,684Net Assets 2019: $363,6292019Assets 2020: $1,520,674Liabilities 2020: $1,383,300Net Assets 2020: $137,3742020Assets 2021: $33,097,786Liabilities 2021: $31,652,284Net Assets 2021: $1,445,5022021Assets 2022: $36,491,619Liabilities 2022: $33,663,507Net Assets 2022: $2,828,1122022Assets 2023: $55,710,695Liabilities 2023: $49,846,319Net Assets 2023: $5,864,3762023Assets 2024: $52,553,144Liabilities 2024: $48,390,320Net Assets 2024: $4,162,8242024

Highlighted filing

2024

Assets$52,553,144
Liabilities$48,390,320
Net Assets$4,162,824

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MRevenue 2017: $4,720,624Expenses 2017: $4,751,673Net Income 2017: -$31,0492017Revenue 2018: $5,213,397Expenses 2018: $5,146,861Net Income 2018: $66,5362018Revenue 2019: $6,071,025Expenses 2019: $6,042,155Net Income 2019: $28,8702019Revenue 2020: $6,490,876Expenses 2020: $6,717,131Net Income 2020: -$226,2552020Revenue 2021: $9,387,573Expenses 2021: $8,079,445Net Income 2021: $1,308,1282021Revenue 2022: $11,923,300Expenses 2022: $10,540,690Net Income 2022: $1,382,6102022Revenue 2023: $15,630,713Expenses 2023: $12,594,449Net Income 2023: $3,036,2642023Revenue 2024: $13,090,326Expenses 2024: $14,330,107Net Income 2024: -$1,239,7812024

Highlighted filing

2024

Revenue$13,090,326
Expenses$14,330,107
Net Income-$1,239,781

Filings

Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2018 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 15, 2019
Return Version
2017v2.2
Gross Receipts
$5,213,397
Mission and Program Overview

Mission

The primary activity of the Grambling High Foundation is to provide fundraising and financial support to Grambling Laboratory Schools for the benefit of the State funded public school. The Foundation has successfully completed the state charter application process and is now the operator of the Lincoln Preparatory School.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$401,042$316,630▼ $84,412
Land, Buildings, and Equipment, Net$249,968$214,390▼ $35,578
Accounts Receivable$138,472$162,808▲ $24,336
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$789,482$693,828▼ $95,654
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$521,259$359,069▼ $162,190
Total Liabilities$521,259$359,069▼ $162,190
Net Assets / Fund Balance
Unrestricted Net Assets$268,223$334,759▲ $66,536
Total Net Assets Fund Balance$268,223$334,759▲ $66,536
Total Liabilities and Net Assets / Fund Balance$789,482$693,828▼ $95,654

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$91,225$85,475$176,700
Leasehold Improvements$101,156$38,156$139,312
Other Land Buildings$22,009$10,027$32,036
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Gordon FordExecutive DirectorFT$114,967$114,967

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
SLA ManagementFood Service3217 Corrine Dr, Orlando, FL 32803$182,790
Ross Bus & Equipment Sales IncTransportation2913 N Bolton Ave, Alexandria, LA 71303$176,064
Revenue and Support

Revenue Composition

Contributions and Grants
$613,982
Program Service Revenue
$4,599,415
Investment Income
$0
Other Revenue
$0
All Other Contributions
$15,265
Change in Net Assets
$66,536

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,213,397
Total Revenue per Audited Statements
$5,213,397
Total Revenue per Form 990
$5,213,397
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,772,101
Other Expenses$1,374,760
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,420,772$181,448-$2,602,220
Other Employee Benefits$928,118$40,727-$968,845
All Other Expenses$270,227$21,988-$292,215
Fees for Services Other$92,238$101,609-$193,847
Other Expenses$126,744$31,686-$158,430
Current Officers, Directors, Trustees, and Key Employees$114,967--$114,967
Payroll Taxes$83,445$2,624-$86,069
Depreciation Depletion$63,897$15,974-$79,871
Office Expenses$33,900$11,300-$45,200
Insurance$32,402$8,101-$40,503
Travel$14,631$3,658-$18,289
Interest$2,159$540-$2,699
Total Functional Expenses$4,692,206$454,655$0$5,146,861

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,146,861
Total Expenses per Audited Statements$5,146,861
Total Expenses per Form 990$5,146,861
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The President and Treasurer were presented with a copy of the filing for review. The 990 is made available to the other board members upon request.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

All governing documents are available for review upon request. The school budget is presented to the public in an advertised meeting, is available to all during the following month, and is then approved at the next board meeting.

Filing and Contact Details

Filer

Filer Name
Grambling High Foundation
EIN
20-5690042
Address
407 Central Avenue, Grambling, LA 71245

Signing Officer

Name
Gordan Ford
Title
Executive Director
Signed
2019-05-15
Discuss with paid preparer
Yes

Organization Details

Formed
2016
Legal Domicile
La
Voting Board Members
9
Independent Board Members
0
Employees
115

Preparer

Firm
Daigrepont & Brian APAC
Address
910 S Acadian Thruway, Baton Rouge, LA 70806
Preparer
Michael B Loveless CPA
Phone
2259273760
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The School accounts for income taxes in accordance with FASB ASC 740-10, Accounting for Uncertainty in Income Taxes. Management believes it has no material uncertain tax positions and, accordingly has not recognized a liability for any unrecognized tax benefits.

Raw XML AppendixShowing 400 of 458 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt011300
IRS990/OfficeExpensesGrp/ProgramServicesAmt033900
IRS990/OfficeExpensesGrp/TotalAmt045200
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt040727
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0928118
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0968845
IRS990/OtherExpensesGrp/Desc0Food service
IRS990/OtherExpensesGrp/Desc1Transportation
IRS990/OtherExpensesGrp/Desc2Utilities
IRS990/OtherExpensesGrp/Desc3Repairs and maintenance
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt035000
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt131686
IRS990/OtherExpensesGrp/ProgramServicesAmt0192642
IRS990/OtherExpensesGrp/ProgramServicesAmt1176064
IRS990/OtherExpensesGrp/ProgramServicesAmt2140000
IRS990/OtherExpensesGrp/ProgramServicesAmt3126744
IRS990/OtherExpensesGrp/TotalAmt0192642
IRS990/OtherExpensesGrp/TotalAmt1176064
IRS990/OtherExpensesGrp/TotalAmt2175000
IRS990/OtherExpensesGrp/TotalAmt3158430
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0181448
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02420772
IRS990/OtherSalariesAndWagesGrp/TotalAmt02602220
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02624
IRS990/PayrollTaxesGrp/ProgramServicesAmt083445
IRS990/PayrollTaxesGrp/TotalAmt086069
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Athletics
IRS990/ProgramServiceRevenueGrp/Desc1Minimum Foundation Progra
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt081193
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt14518222
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt081193
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt14518222
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0543760
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01385008
IRS990/PYProgramServiceRevenueAmt04176864
IRS990/PYRevenuesLessExpensesAmt0-31049
IRS990/PYSalariesCompEmpBnftPaidAmt03366665
IRS990/PYTotalExpensesAmt04751673
IRS990/PYTotalRevenueAmt04720624
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt066536
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt04599415
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt091225
IRS990ScheduleD/EquipmentGrp/DepreciationAmt085475
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0176700
IRS990ScheduleD/ExpensesSubtotalAmt05146861
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0101156
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt038156
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0139312
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt022009
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt010027
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt032036
IRS990ScheduleD/RevenueSubtotalAmt05213397
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The School accounts for income taxes in accordance with FASB ASC 740-10, Accounting for Uncertainty in Income Taxes. Management believes it has no material uncertain tax positions and, accordingly has not recognized a liability for any unrecognized tax benefits.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0214390
IRS990ScheduleD/TotalExpensesPerForm990Amt05146861
IRS990ScheduleD/TotalRevenuePerForm990Amt05213397
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05213397
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05146861
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0Nondiscriminatory policy is listed on enrollment forms, all brochures and printed media, as well as the website.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1DURING FISCAL YEAR, GRAMBLING HIGH FOUNDATION RECEIVED LOCAL, STATE AND FEDERAL FUNDING UNDER A VARIETY OF PROGRAMS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc3Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental Agency
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The President and Treasurer were presented with a copy of the filing for review. The 990 is made available to the other board members upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All governing documents are available for review upon request. The school budget is presented to the public in an advertised meeting, is available to all during the following month, and is then approved at the next board meeting.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0789482
IRS990/TotalAssetsEOYAmt0693828
IRS990/TotalAssetsGrp/BOYAmt0789482
IRS990/TotalAssetsGrp/EOYAmt0693828
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0613982

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