Civic Intelligence

Education Explosion Inc.

990 • Fiscal year 2021 • EIN 21-1323630

Jul 01, 2020 to Jun 30, 2021 • Filed on Jul 31, 2021

4815 Lavey LaneBaker, LA 70714

(225) 308-9565

Siviq Scores

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

Liabilities / Assets

41st percentile

0.07x

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

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

25th percentile

0.05x

Higher debt load relative to revenue than 25% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

35th percentile

5.3%

Higher net margin than 35% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2021

Asset Growth

63rd percentile

15%

Faster asset growth than 63% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

38th percentile

4.1%

Faster revenue growth than 38% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Assets

Up

$3,298,595

Up $438,161 (+15%) from 2020

Net Assets

Up

$3,054,739

Up $365,308 (+14%) from 2020

Liabilities

Up

$243,856

Up $72,853 (+43%) from 2020

Revenue

Up

$5,377,227

Up $212,163 (+4.1%) from 2020

Expenses

Up

$5,089,812

Up $289,820 (+6.0%) from 2020

Net Income

Down

$287,415

Down $77,657 (-21%) from 2020

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2011: $89,168Liabilities 2011: $02011Assets 2015: $346,778Liabilities 2015: $11,722Net Assets 2015: $335,0562015Assets 2016: $0Liabilities 2016: $0Net Assets 2016: $02016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017Assets 2018: $2,332,703Liabilities 2018: $211,772Net Assets 2018: $2,120,9312018Assets 2019: $2,695,007Liabilities 2019: $365,123Net Assets 2019: $2,329,8842019Assets 2020: $2,860,434Liabilities 2020: $171,003Net Assets 2020: $2,689,4312020Assets 2021: $3,298,595Liabilities 2021: $243,856Net Assets 2021: $3,054,7392021Assets 2022: $3,387,408Liabilities 2022: $171,715Net Assets 2022: $3,215,6932022Assets 2023: $3,230,849Liabilities 2023: $316,994Net Assets 2023: $2,913,8552023Assets 2024: $27,733,673Liabilities 2024: $25,229,407Net Assets 2024: $2,504,2662024

Highlighted filing

2021

Assets$3,298,595
Liabilities$243,856
Net Assets$3,054,739

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $180,587Expenses 2011: $91,418Net Income 2011: $89,1692011Revenue 2015: $2,210,137Expenses 2015: $1,875,081Net Income 2015: $335,0562015Revenue 2016: $3,445,178Expenses 2016: $3,093,458Net Income 2016: $351,7202016Revenue 2017: $4,023,655Expenses 2017: $3,367,500Net Income 2017: $656,1552017Revenue 2018: $4,797,683Expenses 2018: $3,945,015Net Income 2018: $852,6682018Revenue 2019: $4,663,443Expenses 2019: $4,515,974Net Income 2019: $147,4692019Revenue 2020: $5,165,064Expenses 2020: $4,799,992Net Income 2020: $365,0722020Revenue 2021: $5,377,227Expenses 2021: $5,089,812Net Income 2021: $287,4152021Revenue 2022: $6,209,452Expenses 2022: $5,964,819Net Income 2022: $244,6332022Revenue 2023: $7,322,706Expenses 2023: $7,622,745Net Income 2023: -$300,0392023Revenue 2024: $7,511,518Expenses 2024: $7,375,660Net Income 2024: $135,8582024

Highlighted filing

2021

Revenue$5,377,227
Expenses$5,089,812
Net Income$287,415
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Jul 31, 2021
Return Version
2020v4.1
Gross Receipts
$5,377,227
Mission and Program Overview

Mission

To provide a rogorous 21th century educational experience for all students in a safe, supportive and challenging learning enviroment.

To provide a rigorous 21st century educational experience for all students in a safe, supportive and challenging learning environment

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,332,679$2,682,277▲ $349,598
Land, Buildings, and Equipment, Net$288,941$270,265▼ $18,676
Pledges and Grants Receivable$72,279$148,386▲ $76,107
Accounts Receivable$136,612$127,220▼ $9,392
Prepaid Expenses and Deferred Charges$29,923$70,447▲ $40,524
Total Assets$2,860,434$3,298,595▲ $438,161
Liabilities
Other Liabilities$168,732$241,584▲ $72,852
Accounts Payable and Accrued Expenses$2,272$2,272→ $0
Total Liabilities$171,004$243,856▲ $72,852
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,689,430$3,054,739▲ $365,309
Total Net Assets Fund Balance$2,689,430$3,054,739▲ $365,309
Total Liabilities and Net Assets / Fund Balance$2,860,434$3,298,595▲ $438,161

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$258,824$19,039$277,863
Equipment$11,441$13,109$24,550
Other Land Buildings$0-$0
Land$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Chakesha Scott--$183,750$5,523$189,273
Chakesha ScottCEOFT$183,750-$183,750
Eric D ScottPrincipalFT$130,827-$130,827

Board Members and Trustees

NameTitle
Sharon HendersonPresident
Jacqueline HugginsBoard Member
Jennifer CalderoBoard Member
Lakeisha WomackBoard Member
Jada NettersSecretary
Patrick DicksonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,371,020
Program Service Revenue
$0
Investment Income
$6,207
Other Revenue
$0
Change in Net Assets
$287,415

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,165,064
Total Revenue per Audited Statements
$5,165,064
Total Revenue per Form 990
$5,165,064
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,707,181
Other Expenses$2,382,631
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,011,356$0$0$2,011,356
Occupancy$1,051,628$0$0$1,051,628
Information Technology$354,296$0$0$354,296
Current Officers, Directors, Trustees, and Key Employees$314,577$0$0$314,577
Other Employee Benefits$207,690$0$0$207,690
Fees for Services Other$179,849$0$0$179,849
Payroll Taxes$173,558$0$0$173,558
Travel$101,153$0$0$101,153
Other Expenses$90,689$0$0$90,689
Fees for Services Accounting$74,730$0$0$74,730
Insurance$42,376$0$0$42,376
Advertising$38,790$0$0$38,790
Office Expenses$32,687$0$0$32,687
Depreciation Depletion$15,497$0$0$15,497
Fees for Services Legal$5,255$0$0$5,255
Total Functional Expenses$5,089,812$0$0$5,089,812

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,799,992
Total Expenses per Audited Statements$4,799,992
Total Expenses per Form 990$4,799,992
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Interfund Payable$127,220
Accrued Salaries and Benefits$107,089
Payroll Deductions Payable$7,275
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
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
No
Filing and Contact Details

Filer

Filer Name
Education Explosion
EIN
21-1323630
Phone
2253089565
Address
4815 LAVEY LANE, BAKER, LA 70714

Signing Officer

Name
Chakesha Scott
Title
CEO
Phone
2253089565
Signed
2021-07-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chakesha Scott
Formed
2014
Legal Domicile
La
Voting Board Members
6
Independent Board Members
6
Employees
58
Volunteers
0

Preparer

Firm
Talmadge E Mitchel CPA Apc
Address
1240 MILAM STREET, SHREVEPORT, LA 71101
Preparer
Talmadge E Mitchel
Phone
3186751945
Supplemental Narrative

Additional Explanations

Pt VI, Line 7A

Members vote on re-election or new membership

Pt VI, Line 1A

There are currently 7 voting members

Pt VI, Line 12C

Board minutes indicate that members monitor compliance with membership

Pt VI, Line 15A

Board votes on ceo's compensation

Pt VI, Line 15B

Board only votes on ceo's compensation but approves budget for all employees

Pt VI, Line 11B

The form 990 is provided to the ceo who provides to the board at the regular board meeting

Form 990, Part III, Line 4D

IDEA 99563. 99563. 0.

Form 990, Part III, Line 4D

Title i 241953. 241953. 0.

Form 990, Part III, Line 4D

Title ssae 1100. 1100. 0.

Form 990, Part III, Line 4D

Direct student services 6410. 6410. 0.

Form 990, Part III, Line 4D

School redesign 86704. 86704. 0.

Form 990, Part III, Line 4D

SRCL 12978. 12978. 0.

Form 990, Part III, Line 4D

ESSA 159946. 159946. 0.

Form 990, Part III, Line 4D

ESSER 28821. 28821. 0.

Form 990, Part III, Line 4D

School food services 273531. 278096. 0.

Form 990, Part III, Line 4D

Esser incentive 23223. 23223. 0.

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IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt0173558
IRS990/PayrollTaxesGrp/TotalAmt0173558
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt072279
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0148386
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt029923
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt070447
IRS990/PrincipalOfficerNm0CHAKESHA SCOTT
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0IDEA PRESCHOOL
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01656
IRS990/ProgSrvcAccomActy2Grp/GrantAmt01656
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0TITLE III
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt010234
IRS990/ProgSrvcAccomActy3Grp/GrantAmt010234
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProgSrvcAccomActyOtherGrp/Desc0IDEA
IRS990/ProgSrvcAccomActyOtherGrp/Desc1TITLE I
IRS990/ProgSrvcAccomActyOtherGrp/Desc2TITLE SSAE
IRS990/ProgSrvcAccomActyOtherGrp/Desc3DIRECT STUDENT SERVICES
IRS990/ProgSrvcAccomActyOtherGrp/Desc4SCHOOL REDESIGN
IRS990/ProgSrvcAccomActyOtherGrp/Desc5SRCL
IRS990/ProgSrvcAccomActyOtherGrp/Desc6ESSA
IRS990/ProgSrvcAccomActyOtherGrp/Desc7ESSER
IRS990/ProgSrvcAccomActyOtherGrp/Desc8SCHOOL FOOD SERVICES
IRS990/ProgSrvcAccomActyOtherGrp/Desc9ESSER INCENTIVE
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt099563
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt1241953
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt21100
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt36410
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt486704
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt512978
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt6159946
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt728821
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt8273531
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt923223
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt099563
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt1241953
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt21100
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt36410
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt486704
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt512978
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt6159946
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt728821
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt8278096
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt923223
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt00
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt10
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt20
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt30
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt40
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt50
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt60
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt70
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt80
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt90
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt05165064
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt02422784
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0365072
IRS990/PYSalariesCompEmpBnftPaidAmt02377208
IRS990/PYTotalExpensesAmt04799992
IRS990/PYTotalRevenueAmt05165064
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0287415
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt013296
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0258824
IRS990ScheduleD/BuildingsGrp/DepreciationAmt019039
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0277863
IRS990ScheduleD/EquipmentGrp/BookValueAmt011441
IRS990ScheduleD/EquipmentGrp/DepreciationAmt013109
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt024550
IRS990ScheduleD/ExpensesSubtotalAmt04799992
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0127220
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1107089
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt27275
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0INTERFUND PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED SALARIES AND BENEFITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PAYROLL DEDUCTIONS PAYABLE
IRS990ScheduleD/RevenueSubtotalAmt05165064
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0270265
IRS990ScheduleD/TotalExpensesPerForm990Amt04799992
IRS990ScheduleD/TotalLiabilityAmt0241584
IRS990ScheduleD/TotalRevenuePerForm990Amt05165064
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05165064
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04799992
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0false
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0MEDIA ADVERTISEMENT STATES THAT THE ENTITY HAS A POLICY OF NONDISCRIMINATION MEDIA ADVERTISEMENT STATES THAT THE ENTITY HAS A POLICY OF NONDISCRIMINATION
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1IN ACCORANDANCE WITH STATE REQUIREMENTS THE ENTITY INDICATES THE RACIAL COMPOSITION OF ITS STUDENT POPULATION
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2NO REVOKATION HAS EVER BEEN EXCERCISED OR SUGGESTED
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Line 4d
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Line 6b
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0183750
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00

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