Civic Intelligence

Capitol Education Foundation

990 • Fiscal year 2021 • EIN 46-0620028

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 29, 2021

1000 North 23rd StBaton Rouge, LA 70802

(225) 436-2777

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.22x

Higher debt load relative to assets than 62% of similar nonprofits.

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

Liabilities / Revenue

31st percentile

0.06x

Higher debt load relative to revenue than 31% of similar nonprofits.

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

Net Margin

56th percentile

16%

Higher net margin than 56% of similar nonprofits.

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

Top Officer Pay

60th percentile

$141,786

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

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

Asset Growth

6th percentile

-11%

Faster asset growth than 6% of similar nonprofits.

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

Revenue Growth

59th percentile

19%

Faster revenue growth than 59% of similar nonprofits.

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

Assets

Down

$1,632,578

Down $201,986 (-11%) from 2020

Net Assets

Up

$1,271,122

Up $389,820 (+44%) from 2020

Liabilities

Down

$361,456

Down $591,806 (-62%) from 2020

Revenue

Up

$5,617,541

Up $888,880 (+19%) from 2020

Expenses

Up

$4,727,721

Up $342,060 (+7.8%) from 2020

Net Income

Up

$889,820

Up $546,820 (+159%) from 2020

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2015: $814,066Liabilities 2015: $578,413Net Assets 2015: $235,6532015Assets 2016: $875,426Liabilities 2016: $531,865Net Assets 2016: $343,5612016Assets 2017: $1,259,488Liabilities 2017: $447,056Net Assets 2017: $812,4322017Assets 2018: $1,631,089Liabilities 2018: $375,085Net Assets 2018: $1,256,0042018Assets 2019: $1,563,086Liabilities 2019: $1,024,784Net Assets 2019: $538,3022019Assets 2020: $1,834,564Liabilities 2020: $953,262Net Assets 2020: $881,3022020Assets 2021: $1,632,578Liabilities 2021: $361,456Net Assets 2021: $1,271,1222021Assets 2022: $3,040,412Liabilities 2022: $1,268,771Net Assets 2022: $1,771,6412022Assets 2023: $2,048,101Liabilities 2023: $507,984Net Assets 2023: $1,540,1172023Assets 2024: $1,152,933Liabilities 2024: $0Net Assets 2024: $1,152,9332024

Highlighted filing

2021

Assets$1,632,578
Liabilities$361,456
Net Assets$1,271,122

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 2015: $4,837,352Expenses 2015: $4,601,699Net Income 2015: $235,6532015Revenue 2016: $5,152,340Expenses 2016: $5,066,432Net Income 2016: $85,9082016Revenue 2017: $5,303,451Expenses 2017: $4,834,580Net Income 2017: $468,8712017Revenue 2018: $5,499,359Expenses 2018: $5,055,787Net Income 2018: $443,5722018Revenue 2019: $4,773,180Expenses 2019: $5,490,882Net Income 2019: -$717,7022019Revenue 2020: $4,728,661Expenses 2020: $4,385,661Net Income 2020: $343,0002020Revenue 2021: $5,617,541Expenses 2021: $4,727,721Net Income 2021: $889,8202021Revenue 2022: $6,632,582Expenses 2022: $6,175,686Net Income 2022: $456,8962022Revenue 2023: $6,279,893Expenses 2023: $6,564,455Net Income 2023: -$284,5622023Revenue 2024: $1,716Expenses 2024: $387,178Net Income 2024: -$385,4622024

Highlighted filing

2021

Revenue$5,617,541
Expenses$4,727,721
Net Income$889,820
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 29, 2021
Return Version
2020v4.0
Gross Receipts
$5,617,541
Mission and Program Overview

Mission

The mission of Friendship Capitol High School is to provide a world-class education that motivates students to achieve high academic standards, enjoy learning and develop as ethical, literate, well-rounded and self-sufficient citizens who contribute actively to their communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$706,985$920,044▲ $213,059
Land, Buildings, and Equipment, Net$361,211$428,610▲ $67,399
Cash and Non-Interest-Bearing Accounts$727,398$283,924▼ $443,474
Prepaid Expenses and Deferred Charges$38,969$0▼ $38,969
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-
Total Assets$1,834,564$1,632,578▼ $201,986
Other Assets Total$1$0▼ $1
Liabilities
Accounts Payable and Accrued Expenses$378,881$361,455▼ $17,426
Other Liabilities$574,381$1▼ $574,380
Total Liabilities$953,262$361,456▼ $591,806
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$881,302$1,271,122▲ $389,820
Total Net Assets Fund Balance$881,302$1,271,122▲ $389,820
Total Liabilities and Net Assets / Fund Balance$1,834,564$1,632,578▼ $201,986

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$269,594$686,549$956,143
Leasehold Improvements$157,076$253,338$410,414
Other Land Buildings$1,940$60,385$62,325
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Justin BlanchardExecutive DirectorFT$141,786$141,786

Board Members and Trustees

NameTitle
Bruce MilesPresident
Brandon DumasBoard Member
Latasha AugustusBoard Member
Raymond JohnsonBoard Member
Reginald GraceBoard Member
Vanessa LafleurTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
TranslineTransportation4710A Freret St, New Orleans, LA 70115$397,350
4th Sector SolutionsBusiness Mgmt10455 Jefferson Hwy Ste 110, Baton Rouge, LA 70809$174,376
Compass Group USA IncFood Service2400 Yorkmont Rd, Charlotte, NC 28217$125,042
Revenue and Support

Revenue Composition

Contributions and Grants
$1,726,207
Program Service Revenue
$3,891,334
Investment Income
$0
Other Revenue
$0
All Other Contributions
$50,575
Change in Net Assets
$889,820

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,617,541
Total Revenue per Audited Statements
$5,617,541
Total Revenue per Form 990
$5,617,541
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,393,416
Other Expenses$2,334,305
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,699,916$198,395-$1,898,311
Fees for Services Other$388,512$243,361-$631,873
All Other Expenses$337,176$53,930-$391,106
Depreciation Depletion$170,705$42,676-$213,381
Other Employee Benefits$147,948$31,115-$179,063
Other Expenses$142,674$35,668-$178,342
Payroll Taxes$158,223$16,033-$174,256
Current Officers, Directors, Trustees, and Key Employees$141,786--$141,786
Insurance$48,828$12,207-$61,035
Office Expenses$25,429--$25,429
Occupancy$8,466$2,117-$10,583
Total Functional Expenses$4,044,995$682,726$0$4,727,721

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,727,721
Total Expenses per Audited Statements$4,727,721
Total Expenses per Form 990$4,727,721
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
Rounding$1
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, 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
Capitol Education Foundation
EIN
46-0620028
Address
1000 North 23rd St, Baton Rouge, LA 70802

Signing Officer

Name
Bruce Miles
Title
President
Signed
2021-11-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bruce Miles
Formed
2012
Legal Domicile
La
Voting Board Members
6
Independent Board Members
0
Employees
53

Preparer

Firm
Daigrepont & Brian APAC
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/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt031115
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0147948
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0179063
IRS990/OtherExpensesGrp/Desc0Transportation
IRS990/OtherExpensesGrp/Desc1Repairs and Maintenance
IRS990/OtherExpensesGrp/Desc2Curriculum materials and softw
IRS990/OtherExpensesGrp/Desc3Utilities
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt047224
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt135668
IRS990/OtherExpensesGrp/ProgramServicesAmt0397350
IRS990/OtherExpensesGrp/ProgramServicesAmt1188895
IRS990/OtherExpensesGrp/ProgramServicesAmt2189087
IRS990/OtherExpensesGrp/ProgramServicesAmt3142674
IRS990/OtherExpensesGrp/TotalAmt0397350
IRS990/OtherExpensesGrp/TotalAmt1236119
IRS990/OtherExpensesGrp/TotalAmt2189087
IRS990/OtherExpensesGrp/TotalAmt3178342
IRS990/OtherLiabilitiesGrp/BOYAmt0574381
IRS990/OtherLiabilitiesGrp/EOYAmt01
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0198395
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01699916
IRS990/OtherSalariesAndWagesGrp/TotalAmt01898311
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt016033
IRS990/PayrollTaxesGrp/ProgramServicesAmt0158223
IRS990/PayrollTaxesGrp/TotalAmt0174256
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt038969
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Bruce Miles
IRS990/PriorPeriodAdjustmentsAmt0-500000
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0Athletics
IRS990/ProgramServiceRevenueGrp/Desc1Minimum Foundation Progra
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt016313
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt13875021
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt016313
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13875021
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0775912
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt02004625
IRS990/PYProgramServiceRevenueAmt03952749
IRS990/PYRevenuesLessExpensesAmt0343000
IRS990/PYSalariesCompEmpBnftPaidAmt02381036
IRS990/PYTotalExpensesAmt04385661
IRS990/PYTotalRevenueAmt04728661
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0889820
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt03891334
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
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
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt0269594
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0686549
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0956143
IRS990ScheduleD/ExpensesSubtotalAmt04727721
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0157076
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0253338
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0410414
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01940
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt060385
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt062325
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Rounding
IRS990ScheduleD/RevenueSubtotalAmt05617541
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/TotalBookValueLandBuildingsAmt0428610
IRS990ScheduleD/TotalExpensesPerForm990Amt04727721
IRS990ScheduleD/TotalLiabilityAmt01
IRS990ScheduleD/TotalRevenuePerForm990Amt05617541
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05617541
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04727721
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, FRIENDSHIP LOUISIANA 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
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01834564
IRS990/TotalAssetsEOYAmt01632578
IRS990/TotalAssetsGrp/BOYAmt01834564
IRS990/TotalAssetsGrp/EOYAmt01632578
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01726207
IRS990/TotalEmployeeCnt053
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0682726
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04044995
IRS990/TotalFunctionalExpensesGrp/TotalAmt04727721

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