Civic Intelligence

Grambling High Foundation

990 • Fiscal year 2023 • EIN 20-5690042

Jul 01, 2022 to Jun 30, 2023 • Filed on Apr 02, 2024

407 Central AvenueGrambling, LA 71245

(318) 732-6596

Siviq Scores

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

Liabilities / Assets

89th percentile

0.89x

Higher debt load relative to assets than 89% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Liabilities / Revenue

89th percentile

3.19x

Higher debt load relative to revenue than 89% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Net Margin

79th percentile

19%

Higher net margin than 79% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Top Officer Pay

9th percentile

$121,199

Higher top officer pay than 9% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Asset Growth

93rd percentile

53%

Faster asset growth than 93% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2023

Revenue Growth

85th percentile

31%

Faster revenue growth than 85% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2023

Assets

Up

$55,710,695

Up $19,219,076 (+53%) from 2022

Net Assets

Up

$5,864,376

Up $3,036,264 (+107%) from 2022

Liabilities

Up

$49,846,319

Up $16,182,812 (+48%) from 2022

Revenue

Up

$15,630,713

Up $3,707,413 (+31%) from 2022

Expenses

Up

$12,594,449

Up $2,053,759 (+19%) from 2022

Net Income

Up

$3,036,264

Up $1,653,654 (+120%) from 2022

Historical Trend

Balance Sheet Trend

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

$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

2023

Assets$55,710,695
Liabilities$49,846,319
Net Assets$5,864,376

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2023

Revenue$15,630,713
Expenses$12,594,449
Net Income$3,036,264
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Apr 2, 2024
Return Version
2022v5.0
Gross Receipts
$15,718,943
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
Land, Buildings, and Equipment, Net$538,051$33,132,596▲ $32,594,545
Accounts Receivable$488,081$2,173,065▲ $1,684,984
Pledges and Grants Receivable-$723,436-
Savings and Temporary Cash Investments$153,889$153,889→ $0
Cash and Non-Interest-Bearing Accounts$762,825$77,324▼ $685,501
Prepaid Expenses and Deferred Charges$36,986$16,804▼ $20,182
Other Notes and Loans Receivable, Net-$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-
Total Assets$36,491,619$55,710,695▲ $19,219,076
Other Assets Total$34,511,787$19,433,581▼ $15,078,206
Liabilities
Other Liabilities$31,282,833$46,322,524▲ $15,039,691
Accounts Payable and Accrued Expenses$2,380,674$3,143,177▲ $762,503
Mortgage Notes Payable Secured by Investment Property-$380,618-
Total Liabilities$33,663,507$49,846,319▲ $16,182,812
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,789,943$5,799,242▲ $3,009,299
Net Assets With Donor Restrictions$38,169$65,134▲ $26,965
Total Net Assets Fund Balance$2,828,112$5,864,376▲ $3,036,264
Total Liabilities and Net Assets / Fund Balance$36,491,619$55,710,695▲ $19,219,076

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$31,945,282$204,331$32,149,613
Equipment$719,103$230,636$949,739
Land$413,071-$413,071
Leasehold Improvements$48,733$90,581$139,314
Other Land Buildings$6,407$25,629$32,036
Other Assets Org$12,917,477--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Gordan D FordExec. DirectorFT$121,199$121,199

Board Members and Trustees

NameTitle
Robert WileyPresident
Clara LewisVice President
Barbara McIntyreDirector
Donald TatumDirector
Eddie Robinson IIIDirector
Edwin WatleyDirector
Elizabeth SmithDirector
Hollis H DownsDirector
Pamela StewartDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Malone ElectricElectrical Services3016 Hwy 563, Simsboro, LA 71275$126,935
New Living Word SchoolLEA Tuition1900 W Barnett Springs Ave, Ruston, LA 71270-
Ross Bus & Equipment Sales IncTransportation Lease2913 N Bolton Ave, Alexandria, LA 71303-
Sustainable Modular Management LLCBldg Rent or Lease2500 Legacy Dr Suite 100, Frisco, TX 75034-
Revenue and Support

Revenue Composition

Contributions and Grants
$5,249,209
Program Service Revenue
$9,782,383
Investment Income
$599,121
Other Revenue
$0
All Other Contributions
$186,869
Change in Net Assets
$3,036,264

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,630,713
Total Revenue per Audited Statements
$15,630,713
Total Revenue per Form 990
$15,630,713
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,645,614
Other Expenses$4,948,835
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,218,698$420,267-$5,638,965
Other Employee Benefits$1,641,194$122,418-$1,763,612
Occupancy$686,942$81,777-$768,719
Depreciation Depletion$450,638$112,659-$563,297
All Other Expenses$432,044$89,490-$521,534
Interest$192,283$192,282-$384,565
Fees for Services Other$213,029$130,287-$343,316
Other Expenses$179,561--$179,561
Insurance$84,886$84,885-$169,771
Payroll Taxes$113,588$8,250-$121,838
Current Officers, Directors, Trustees, and Key Employees$121,199--$121,199
Travel$56,509$9,972-$66,481
Total Functional Expenses$11,342,162$1,252,287$0$12,594,449

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$12,594,449
Total Expenses per Audited Statements$12,594,449
Total Expenses per Form 990$12,594,449
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Bonds payable, net$45,393,947
Financing lease liability$928,577

Bond Issues

BondIssuerIssuedIssue PricePurpose
ALouisiana Public Faciliti2021-03-01$30,701,392Construct academic facility

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$30,701,392--$286,151
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 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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

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, Section B, Line 12C

The organization has procedures in place to determine and address conflicts of interest within the organization.

Form 990, Part VI, Section B, Line 15A

Compensation competitively set as comparable to salaries paid to positions at other local public schools, which takes into account year of experience, certifications, education, etc.

Form 990, Part VI, Section C, Line 19

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 D Ford
Title
Exec. Director
Signed
2024-04-02
Discuss with paid preparer
Yes

Organization Details

Formed
2016
Legal Domicile
La
Voting Board Members
10
Independent Board Members
0
Employees
200

Preparer

Firm
Daigrepont & Brian a Prof Acct Corp
Address
910 S ACADIAN THRUWAY, BATON ROUGE, LA 70806
Preparer
John M Goodwin 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.

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IRS990/MissionDesc0The 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.
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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
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