Civic Intelligence

Shreveport Charter Foundation Inc

EIN 45-5089915 • 501(c)3 • Shreveport, LA

Profile

Shreveport charter foundation, inc. (the foundation), a louisiana not-for-profit corporation, was formed on february 27, 2012, exclusively for educational purposes. The foundation has entered into a type 1 charter school contract with caddo parish school board (cpsb) to operate the magnolia school of excellence (the charter school) for students from kindergarten to eighth grade in caddo parish, louisiana.

2290 Clyde Fant Pkwy Service RdShreveport, LA 71105

www.shreveportcharterfoundation.com

Siviq Scores

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

Liabilities / Assets

98th percentile

1.42x

Higher debt load relative to assets than 98% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

86th percentile

1.59x

Higher debt load relative to revenue than 86% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

30th percentile

-1.8%

Higher net margin than 30% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

15th percentile

$0

Higher top officer pay than 15% of similar nonprofits.

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

501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

40th percentile

1.4%

Faster asset growth than 40% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

68th percentile

18%

Faster revenue growth than 68% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets98th percentile

Assets

Up

$21,620,395

Up $304,710 (+1.4%) from 2022

Liabilities

Up

$30,804,110

Up $658,051 (+2.2%) from 2022

Net Assets

Down

-$9,183,715

Down $353,341 (-4.0%) from 2022

Operations
Liabilities / Revenue86th percentileNet Margin30th percentile

Revenue

Up

$19,334,019

Up $2,957,564 (+18%) from 2022

Expenses

Up

$19,687,360

Up $2,653,062 (+16%) from 2022

Net Income

Up

-$353,341

Up $304,502 (+46%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth40th percentile

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

$40M$20M$0-$20MAssets 2014: $13,319,149Liabilities 2014: $13,918,625Net Assets 2014: -$599,4762014Assets 2015: $13,471,478Liabilities 2015: $14,128,278Net Assets 2015: -$656,8002015Assets 2016: $12,928,376Liabilities 2016: $13,681,449Net Assets 2016: -$753,0732016Assets 2017: $29,214,950Liabilities 2017: $32,028,260Net Assets 2017: -$2,813,3102017Assets 2018: $28,182,226Liabilities 2018: $32,207,855Net Assets 2018: -$4,025,6292018Assets 2019: $25,008,233Liabilities 2019: $31,197,343Net Assets 2019: -$6,189,1102019Assets 2020: $23,571,410Liabilities 2020: $30,839,140Net Assets 2020: -$7,267,7302020Assets 2021: $22,797,736Liabilities 2021: $30,970,267Net Assets 2021: -$8,172,5312021Assets 2022: $21,315,685Liabilities 2022: $30,146,059Net Assets 2022: -$8,830,3742022Assets 2023: $21,620,395Liabilities 2023: $30,804,110Net Assets 2023: -$9,183,7152023

Highlighted filing

2023

Assets$21,620,395
Liabilities$30,804,110
Net Assets-$9,183,715
Open 2023 Filing

Operations Trend

Revenue Growth68th percentile

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

$20M$10M$0-$10MRevenue 2014: $5,916,718Expenses 2014: $6,516,194Net Income 2014: -$599,4762014Revenue 2015: $8,313,543Expenses 2015: $8,370,867Net Income 2015: -$57,3242015Revenue 2016: $9,456,777Expenses 2016: $9,553,050Net Income 2016: -$96,2732016Revenue 2017: $12,568,672Expenses 2017: $14,628,909Net Income 2017: -$2,060,2372017Revenue 2018: $13,548,280Expenses 2018: $14,760,599Net Income 2018: -$1,212,3192018Revenue 2019: $13,810,482Expenses 2019: $15,973,963Net Income 2019: -$2,163,4812019Revenue 2020: $14,300,678Expenses 2020: $15,379,298Net Income 2020: -$1,078,6202020Revenue 2021: $14,507,579Expenses 2021: $15,412,380Net Income 2021: -$904,8012021Revenue 2022: $16,376,455Expenses 2022: $17,034,298Net Income 2022: -$657,8432022Revenue 2023: $19,334,019Expenses 2023: $19,687,360Net Income 2023: -$353,3412023

Highlighted filing

2023

Revenue$19,334,019
Expenses$19,687,360
Net Income-$353,341
Open 2023 Filing

Filings

Most recent year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$21,620,395
Liabilities
$30,804,110
Net assets
-$9,183,715
Revenue
$19,334,019
Expenses
$19,687,360
Net income
-$353,341
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$21.6$30.8$9.18$19.3$19.7$0.35
2022Detailed filing. Detailed filing data is available for this year.$21.3$30.1$8.83$16.4$17.0$0.66
2021Detailed filing. Detailed filing data is available for this year.$22.8$31.0$8.17$14.5$15.4$0.90
2020Detailed filing. Detailed filing data is available for this year.$23.6$30.8$7.27$14.3$15.4$1.08
2019Detailed filing. Detailed filing data is available for this year.$25.0$31.2$6.19$13.8$16.0$2.16
2018Detailed filing. Detailed filing data is available for this year.$28.2$32.2$4.03$13.5$14.8$1.21
2017Detailed filing. Detailed filing data is available for this year.$29.2$32.0$2.81$12.6$14.6$2.06
2016Detailed filing. Detailed filing data is available for this year.$12.9$13.7$0.75$9.46$9.55$0.10
2015Detailed filing. Detailed filing data is available for this year.$13.5$14.1$0.66$8.31$8.37$0.06
2014Detailed filing. Detailed filing data is available for this year.$13.3$13.9$0.60$5.92$6.52$0.60
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 14, 2024
Return Version
2022v5.0
Gross Receipts
$19,334,019
Mission and Program Overview

Mission

Shreveport charter foundation, inc. (the foundation), a louisiana not-for-profit corporation, was formed on february 27, 2012, exclusively for educational purposes. The foundation has entered into a type 1 charter school contract with caddo parish school board (cpsb) to operate the magnolia school of excellence (the charter school) for students from kindergarten to eighth grade in caddo parish, louisiana.

Shreveport charter foundation, inc. Designs, develops and operates high performing schools with an: unwaivering dedication to student achievement- unyielding commitment to ethical and sound business practices.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$20,414,105$19,230,764▼ $1,183,341
Cash and Non-Interest-Bearing Accounts$610,623$2,003,085▲ $1,392,462
Pledges and Grants Receivable$167,465$165,751▼ $1,714
Prepaid Expenses and Deferred Charges$58,331$70,400▲ $12,069
Total Assets$21,315,685$21,620,395▲ $304,710
Other Assets Total$65,161$150,395▲ $85,234
Liabilities
Mortgage Notes Payable Secured by Investment Property$28,991,172$28,413,356▼ $577,816
Accounts Payable and Accrued Expenses$1,154,887$2,390,754▲ $1,235,867
Total Liabilities$30,146,059$30,804,110▲ $658,051
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-8,830,374$-9,183,715▼ $353,341
Total Net Assets Fund Balance$-8,830,374$-9,183,715▼ $353,341
Total Liabilities and Net Assets / Fund Balance$21,315,685$21,620,395▲ $304,710

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$19,230,764$13,133,618$32,364,382
Compensation and Service Providers
Top Officer Pay15th percentile

Board Members and Trustees

NameTitle
Dr Melva Williams-turnerPresident
Dr Phillip RozemanVice-president
Ann StokesBoard Trustee
Dinero WashingtonBoard Trustee
Stephen RobertsBoard Trustee
Valerie Thomas-whiteBoard Trustee
Zadell DudleyTreasurer/secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$17,376,597
Program Service Revenue
$0
Investment Income
$14,983
Other Revenue
$1,942,439
All Other Contributions
$15,934,185
Change in Net Assets
$-353,341

Audited Revenue Reconciliation

Revenue per Audited Statements
$19,334,019
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$19,334,019
Total Revenue per Form 990
$19,334,019
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$13,066,131
Salaries, Compensation, and Employee Benefits$6,621,229
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,125,259$567,030-$5,692,289
Interest-$2,942,190-$2,942,190
Depreciation Depletion$1,307,892$68,500-$1,376,392
All Other Expenses$887,614$3,222-$890,836
Other Expenses$751,349$744,657-$744,657
Occupancy$502,271$26,306-$528,577
Fees for Services Other$81,013$422,198-$503,211
Other Employee Benefits$428,085$30,195-$458,280
Payroll Taxes$405,340$44,845-$450,185
Information Technology$144,486$41,947-$186,433
Insurance$174,379$9,133-$183,512
Advertising$1,492$124,329-$125,821
Travel$96,281$27,953-$124,234
Pension Plan Contributions$20,475--$20,475
Office Expenses$1,841$11-$1,852
Total Functional Expenses$11,887,797$7,799,563$0$19,687,360

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$19,687,360
Total Expenses per Audited Statements$19,687,360
Total Expenses per Form 990$19,687,360
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
No
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
No
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 organization provides a copy of the form 990 to the board of directors prior to filing with the irs.”

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

“The officers regularly and consistently monitor the business transactions of the organization to ensure that they are in compliance with the policies established.”

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 written request.”

Filing and Contact Details

Filer

Filer Name
Shreveport Charter Foundation Inc
EIN
45-5089915
Phone
3187035585
Address
2290 CLYDE FANT PKWY SERVICE RD, SHREVEPORT, LA 71105

Signing Officer

Name
Dr Melva Turner Williams
Title
President
Phone
3187035585
Signed
2024-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Melva Turner Williams
Formed
2012
Legal Domicile
La
Voting Board Members
7
Independent Board Members
7
Employees
189
Volunteers
0

Preparer

Firm
Carr Riggs & Ingram LLC
Address
1000 E PRESTON AVE STE 200, SHREVEPORT, LA 71105
Preparer
Pamela G Perkins CPA
Phone
3182222222
Supplemental Narrative

Additional Explanations

FORM 990, PART V, LINE 2B:

“The foundation entered into a management agreement with charter schools usa at shreveport, llc to develop, manage, staff, and operate the charter school. Form w-2's are issued by charter schools usa at shreveport, llc.”

Financial Statement Notes

PART X, LINE 2:

“The foundation is exempt from federal income taxes under section 501(c)(3) of the internal revenue code. The foundation is also exempt from louisiana state income taxes. The foundation follows the provisions of the accounting for uncertainty in income taxes topic of the fasb asc, which clarifies the accounting and recognition for income tax positions taken or expected to be taken in the foundation's income tax returns. Management evaluated the foundation's tax positions and concluded that they had taken no uncertain tax positions that required adjustments to the financial statements to comply with the provisions of this guidance.”

Raw XML AppendixShowing 400 of 436 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/Desc0SHREVEPORT CHARTER FOUNDATION, INC. WAS FORMED EXCLUSIVELY FOR EDUCATIONAL PURPOSES. THE FOUNDATION HAS ENTERED INTO A TYPE 1 CHARTER SCHOOL CONTRACT WITH CADDO PARISH SCHOOL BOARD (CPSB) TO OPERATE THE MAGNOLIA SCHOOL OF EXCELLENCE (THE CHARTER SCHOOL) FOR STUDENTS FROM KINDERGARTEN TO EIGHTH GRADE IN CADDO PARISH, LOUISIANA.
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IRS990/MissionDesc0SHREVEPORT CHARTER FOUNDATION, INC. (THE FOUNDATION), A LOUISIANA NOT-FOR-PROFIT CORPORATION, WAS FORMED ON FEBRUARY 27, 2012, EXCLUSIVELY FOR EDUCATIONAL PURPOSES. THE FOUNDATION HAS ENTERED INTO A TYPE 1 CHARTER SCHOOL CONTRACT WITH CADDO PARISH SCHOOL BOARD (CPSB) TO OPERATE THE MAGNOLIA SCHOOL OF EXCELLENCE (THE CHARTER SCHOOL) FOR STUDENTS FROM KINDERGARTEN TO EIGHTH GRADE IN CADDO PARISH, LOUISIANA.
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IRS990/OtherAssetsTotalGrp/EOYAmt0150395
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt030195
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0428085
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0458280
IRS990/OtherExpensesGrp/Desc0EQUIPMENT LEASE AND SER
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2FOOD SERVICES
IRS990/OtherExpensesGrp/Desc3OTHER
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02615527
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1131520
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2744657
IRS990/OtherExpensesGrp/ProgramServicesAmt0882556
IRS990/OtherExpensesGrp/ProgramServicesAmt11077464
IRS990/OtherExpensesGrp/ProgramServicesAmt2751349
IRS990/OtherExpensesGrp/TotalAmt03498083
IRS990/OtherExpensesGrp/TotalAmt11208984
IRS990/OtherExpensesGrp/TotalAmt2751349
IRS990/OtherExpensesGrp/TotalAmt3744657
IRS990/OtherRevenueMiscGrp/BusinessCd0611110
IRS990/OtherRevenueMiscGrp/BusinessCd1611110
IRS990/OtherRevenueMiscGrp/Desc0SUPPORT REVENUE
IRS990/OtherRevenueMiscGrp/Desc1LOCAL REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01788072
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1154367
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01788072
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1154367
IRS990/OtherRevenueTotalAmt01942439
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0567030
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt05125259
IRS990/OtherSalariesAndWagesGrp/TotalAmt05692289
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt044845
IRS990/PayrollTaxesGrp/ProgramServicesAmt0405340
IRS990/PayrollTaxesGrp/TotalAmt0450185
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt020475
IRS990/PensionPlanContributionsGrp/TotalAmt020475
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0167465
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0165751
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt058331
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt070400
IRS990/PrincipalOfficerNm0DR MELVA TURNER WILLIAMS
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt014407752
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0476
IRS990/PYOtherExpensesAmt011034937
IRS990/PYOtherRevenueAmt01903400
IRS990/PYProgramServiceRevenueAmt064827
IRS990/PYRevenuesLessExpensesAmt0-657843
IRS990/PYSalariesCompEmpBnftPaidAmt05999361
IRS990/PYTotalExpensesAmt017034298
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt016376455
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-353341
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt017376597
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt014407752
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt013030462
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt012723191
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt011892075
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt069430077
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt014983
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0476
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0471
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01725
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt017655
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt064827
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01476646
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0137523
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0211352
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01890348
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt014983
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0476
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0471
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01725
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt017655
IRS990ScheduleA/InvestmentIncomeCYPct00.00020
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt01942439
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt01903400
IRS990ScheduleA/OtherIncome509Grp/TotalAmt03845839
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.94860
IRS990ScheduleA/PublicSupportPY509Pct00.97250
IRS990ScheduleA/PublicSupportTotal509Amt071320425
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt017376597
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt014472579
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt014507108
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt012860714
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt012103427
IRS990ScheduleA/Total509Grp/TotalAmt071320425
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt019334019
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt016376455
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt014507579
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt012862439
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt012103427
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt075183919
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt019230764
IRS990ScheduleD/BuildingsGrp/DepreciationAmt013133618
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt032364382
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt019687360
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt019334019
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION IS ALSO EXEMPT FROM LOUISIANA STATE INCOME TAXES. THE FOUNDATION FOLLOWS THE PROVISIONS OF THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES TOPIC OF THE FASB ASC, WHICH CLARIFIES THE ACCOUNTING AND RECOGNITION FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE FOUNDATION'S INCOME TAX RETURNS. MANAGEMENT EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THAT THEY HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRED ADJUSTMENTS TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt019230764
IRS990ScheduleD/TotalExpensesPerForm990Amt019687360
IRS990ScheduleD/TotalRevenuePerForm990Amt019334019
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt019334019
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt019687360
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION ENTERED INTO A MANAGEMENT AGREEMENT WITH CHARTER SCHOOLS USA AT SHREVEPORT, LLC TO DEVELOP, MANAGE, STAFF, AND OPERATE THE CHARTER SCHOOL. FORM W-2'S ARE ISSUED BY CHARTER SCHOOLS USA AT SHREVEPORT, LLC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION PROVIDES A COPY OF THE FORM 990 TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE OFFICERS REGULARLY AND CONSISTENTLY MONITOR THE BUSINESS TRANSACTIONS OF THE ORGANIZATION TO ENSURE THAT THEY ARE IN COMPLIANCE WITH THE POLICIES ESTABLISHED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART V, LINE 2B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt021315685
IRS990/TotalAssetsEOYAmt021620395
IRS990/TotalAssetsGrp/BOYAmt021315685
IRS990/TotalAssetsGrp/EOYAmt021620395
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt017376597
IRS990/TotalEmployeeCnt0189
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt07799563
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt011887797
IRS990/TotalFunctionalExpensesGrp/TotalAmt019687360
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt030146059
IRS990/TotalLiabilitiesEOYAmt030804110
IRS990/TotalLiabilitiesGrp/BOYAmt030146059
IRS990/TotalLiabilitiesGrp/EOYAmt030804110
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-8830374
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-9183715
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt011887797
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt014983
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01942439
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt019334019
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt021315685
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt021620395
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt027953
IRS990/TravelGrp/ProgramServicesAmt096281
IRS990/TravelGrp/TotalAmt0124234
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
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IRS990/USAddress/AddressLine1Txt02290 CLYDE FANT PKWY SERVICE RD
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IRS990/USAddress/ZIPCd071105
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07

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