Civic Intelligence

Better Choice Foundation

990 • Fiscal year 2019 • EIN 45-5596256

Jul 01, 2018 to Jun 30, 2019 • Filed on Jun 25, 2020

4617 Mirabeau AvenueNew Orleans, LA 70126

(504) 373-6237

Siviq Scores

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

Liabilities / Assets

59th percentile

0.24x

Higher debt load relative to assets than 59% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

32nd percentile

0.07x

Higher debt load relative to revenue than 32% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

49th percentile

2.6%

Higher net margin than 49% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

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

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

67th percentile

9.2%

Faster asset growth than 67% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

32nd percentile

-2.6%

Faster revenue growth than 32% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Up

$2,098,049

Up $177,337 (+9.2%) from 2018

Net Assets

Up

$1,596,479

Up $172,932 (+12%) from 2018

Liabilities

Up

$501,570

Up $4,405 (+0.9%) from 2018

Revenue

Down

$6,723,193

Down $179,393 (-2.6%) from 2018

Expenses

Down

$6,550,261

Down $733,449 (-10%) from 2018

Net Income

Up

$172,932

Up $554,056 (+145%) from 2018

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2015: $2,525,057Liabilities 2015: $350,956Net Assets 2015: $2,174,1012015Assets 2016: $2,616,836Liabilities 2016: $612,964Net Assets 2016: $2,003,8722016Assets 2017: $2,384,699Liabilities 2017: $580,028Net Assets 2017: $1,804,6712017Assets 2018: $1,920,712Liabilities 2018: $497,165Net Assets 2018: $1,423,5472018Assets 2019: $2,098,049Liabilities 2019: $501,570Net Assets 2019: $1,596,4792019Assets 2020: $1,438,955Liabilities 2020: $505,079Net Assets 2020: $933,8762020Assets 2021: $82,407Liabilities 2021: $0Net Assets 2021: $82,4072021

Highlighted filing

2019

Assets$2,098,049
Liabilities$501,570
Net Assets$1,596,479

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2015: $6,746,640Expenses 2015: $5,847,389Net Income 2015: $899,2512015Revenue 2016: $6,525,076Expenses 2016: $6,695,305Net Income 2016: -$170,2292016Revenue 2017: $6,457,967Expenses 2017: $6,657,168Net Income 2017: -$199,2012017Revenue 2018: $6,902,586Expenses 2018: $7,283,710Net Income 2018: -$381,1242018Revenue 2019: $6,723,193Expenses 2019: $6,550,261Net Income 2019: $172,9322019Revenue 2020: $6,965,965Expenses 2020: $7,628,568Net Income 2020: -$662,6032020Revenue 2021: $553Expenses 2021: $844,563Net Income 2021: -$844,0102021

Highlighted filing

2019

Revenue$6,723,193
Expenses$6,550,261
Net Income$172,932
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jun 25, 2020
Return Version
2018v3.2
Gross Receipts
$6,723,193
Mission and Program Overview

Mission

To educate, empower, and motivate children within orleans parish to be future leaders by infusing the latest technological resources while creating an educational environmental that fosters academic excellence, encourages social competence, and challenges young minds to exceed the highest of educational expectations in every academic fields.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,599,861$1,602,298▲ $2,437
Pledges and Grants Receivable$233,634$410,702▲ $177,068
Prepaid Expenses and Deferred Charges$42,794$29,273▼ $13,521
Total Assets$1,920,712$2,098,049▲ $177,337
Other Assets Total$44,423$55,776▲ $11,353
Liabilities
Accounts Payable and Accrued Expenses$392,631$389,459▼ $3,172
Other Liabilities$44,423$112,111▲ $67,688
Grants Payable$60,111--
Total Liabilities$497,165$501,570▲ $4,405
Net Assets / Fund Balance
Unrestricted Net Assets$1,423,547$1,596,479▲ $172,932
Total Net Assets Fund Balance$1,423,547$1,596,479▲ $172,932
Total Liabilities and Net Assets / Fund Balance$1,920,712$2,098,049▲ $177,337
Compensation and Service Providers

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Ems TransportationTransportation201 ST CHARLES AVE, New Orleans, LA 70170$635,970
Blue Cross Blue Shields Of LaHealth Coverage5525 REITZ AVENUE, Baton Rouge, LA 70809$475,405
Compass Group LockboxFood ServicePO BOX 417632, Boston, MA 02241$278,865
Center For ResilienceConsulting1035 CALHOUN ST, New Orleans, LA 70118$108,000
EntergyUtility Service4021 BECHRMAN PLACE, New Orleans, LA 70114$103,913
Revenue and Support

Revenue Composition

Contributions and Grants
$1,198,077
Program Service Revenue
$5,450,864
Investment Income
$6,697
Other Revenue
$67,555
Change in Net Assets
$172,932

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,723,193
Total Revenue per Audited Statements
$6,723,193
Total Revenue per Form 990
$6,723,193
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,515,003
Other Expenses$2,035,258
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,661,344$1,122,731-$3,784,075
Pension Plan Contributions$288,107$121,542-$409,649
Payroll Taxes$225,956$95,323-$321,279
All Other Expenses$20,925$298,203-$319,128
Other Expenses$103,542$154,264-$257,806
Occupancy-$127,122-$127,122
Insurance-$57,581-$57,581
Fees for Services Legal-$47,272-$47,272
Travel$25,212$2,861-$28,073
Office Expenses-$21,022-$21,022
Total Functional Expenses$3,447,760$3,102,501$0$6,550,261

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,550,261
Total Expenses per Audited Statements$6,550,261
Total Expenses per Form 990$6,550,261
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
Due to Funding Agency$56,335
Student Activity$55,776
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The 990 return is prepared by an independent cpa firm and provided to management for review and then approval by the board before filing.

Form 990, Page 6, Part VI, Line 15A

Compensation is subject to board approval.

Form 990, Page 6, Part VI, Line 15B

Compensation is subject to board approval.

Form 990, Page 6, Part VI, Line 19

Documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Better Choice Foundation
EIN
45-5596256
Phone
5043736237
Address
4617 MIRABEAU AVENUE, NEW ORLEANS, LA 70126

Signing Officer

Name
Rayven Calloway
Title
Head of School
Phone
5049428007
Signed
2020-06-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rayven Calloway
Formed
2012
Legal Domicile
La
Voting Board Members
9
Independent Board Members
9
Employees
69

Preparer

Firm
Bruno & Tervalon Llp Cpas
Address
4298 ELYSIAN FIELDS AVE, NEW ORLEANS, LA 70122
Preparer
Waldo J Moret Jr
Phone
5042848733
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To educate, empower, and motivate children within orleans parish to be future leaders by infusing the latest technological resources while creating an educational environmental that fosters academic excellence, encourages social competence, and challenges young minds to exceed the highest of educational expectations in every academic fields.

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IRS990/PayrollTaxesGrp/TotalAmt0321279
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0121542
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0288107
IRS990/PensionPlanContributionsGrp/TotalAmt0409649
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt029273
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05450864
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IRS990/PYContributionsGrantsAmt01095466
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IRS990/PYInvestmentIncomeAmt02700
IRS990/PYOtherExpensesAmt02703969
IRS990/PYOtherRevenueAmt017143
IRS990/PYProgramServiceRevenueAmt05787277
IRS990/PYRevenuesLessExpensesAmt0-381124
IRS990/PYSalariesCompEmpBnftPaidAmt04579741
IRS990/PYTotalExpensesAmt07283710
IRS990/PYTotalRevenueAmt06902586
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0172932
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IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt05450864
IRS990ScheduleA/SchoolInd0X
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
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IRS990ScheduleD/ExpensesSubtotalAmt06550261
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt056335
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt155776
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO FUNDING AGENCY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1STUDENT ACTIVITY
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IRS990ScheduleD/TotalExpensesPerForm990Amt06550261
IRS990ScheduleD/TotalLiabilityAmt0112111
IRS990ScheduleD/TotalRevenuePerForm990Amt06723193
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06723193
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06550261
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IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
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IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
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IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0INFORMATION IS COMMUNICATED DURING THE ORIENTATION, WEBSITE AND REGISTRATION DOCUMENTATION.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOLS RECEIVES BOTH FEDERAL AND STATE FUNDS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO EDUCATE, EMPOWER, AND MOTIVATE CHILDREN WITHIN ORLEANS PARISH TO BE FUTURE LEADERS BY INFUSING THE LATEST TECHNOLOGICAL RESOURCES WHILE CREATING AN EDUCATIONAL ENVIRONMENTAL THAT FOSTERS ACADEMIC EXCELLENCE, ENCOURAGES SOCIAL COMPETENCE, AND CHALLENGES YOUNG MINDS TO EXCEED THE HIGHEST OF EDUCATIONAL EXPECTATIONS IN EVERY ACADEMIC FIELDS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 RETURN IS PREPARED BY AN INDEPENDENT CPA FIRM AND PROVIDED TO MANAGEMENT FOR REVIEW AND THEN APPROVAL BY THE BOARD BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION IS SUBJECT TO BOARD APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION IS SUBJECT TO BOARD APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxablePartyNotificationInd0false
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IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/BOYAmt01920712
IRS990/TotalAssetsGrp/EOYAmt02098049
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01198077
IRS990/TotalEmployeeCnt069
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03447760
IRS990/TotalFunctionalExpensesGrp/TotalAmt06550261
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0497165
IRS990/TotalLiabilitiesEOYAmt0501570
IRS990/TotalLiabilitiesGrp/BOYAmt0497165
IRS990/TotalLiabilitiesGrp/EOYAmt0501570
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01423547
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01596479
IRS990/TotalProgramServiceExpensesAmt03447760
IRS990/TotalProgramServiceRevenueAmt05450864
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt05525116
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt06723193
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01920712
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02098049
IRS990/TravelGrp/ManagementAndGeneralAmt02861
IRS990/TravelGrp/ProgramServicesAmt025212
IRS990/TravelGrp/TotalAmt028073
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01423547
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01596479
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0COGHILLELEMENTARY.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RAYVEN CALLOWAY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0HEAD OF SCHOOL
ReturnHeader/BusinessOfficerGrp/PhoneNum05049428007
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-06-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BETTER CHOICE FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0BETT
ReturnHeader/Filer/EIN0455596256
ReturnHeader/Filer/PhoneNum05043736237

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