Civic Intelligence

Laureate Academy Inc.

990 • Fiscal year 2020 • EIN 46-4907729

Jul 01, 2019 to Jun 30, 2020 • Filed on Dec 16, 2020

Organization ProfileWWW.LAUREATECHARTER.ORG

View Organization Page

2115 Oakmere DriveHarvey, LA 70058

(504) 503-0170

Siviq Scores

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

Liabilities / Assets

64th percentile

0.22x

Higher debt load relative to assets than 64% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

44th percentile

0.11x

Higher debt load relative to revenue than 44% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

67th percentile

15%

Higher net margin than 67% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

69th percentile

$99,802

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

93rd percentile

98%

Faster asset growth than 93% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

77th percentile

23%

Faster revenue growth than 77% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets64th percentile

Assets

Up

$1,829,335

Up $903,663 (+98%) from 2019

Net Assets

Up

$1,431,848

Up $582,556 (+69%) from 2019

Liabilities

Up

$397,487

Up $321,107 (+420%) from 2019

Revenue And Expenses
Liabilities / Revenue44th percentileNet Margin67th percentile

Revenue

Up

$3,777,322

Up $714,081 (+23%) from 2019

Expenses

Up

$3,194,766

Up $391,820 (+14%) from 2019

Net Income

Up

$582,556

Up $322,261 (+124%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth93rd percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2015: $59,407Liabilities 2015: $9932015Assets 2016: $235,235Liabilities 2016: $105,654Net Assets 2016: $129,5812016Assets 2017: $574,883Liabilities 2017: $222,677Net Assets 2017: $352,2062017Assets 2018: $618,942Liabilities 2018: $29,945Net Assets 2018: $588,9972018Assets 2019: $925,672Liabilities 2019: $76,380Net Assets 2019: $849,2922019Assets 2020: $1,829,335Liabilities 2020: $397,487Net Assets 2020: $1,431,8482020Assets 2021: $2,747,887Liabilities 2021: $81,029Net Assets 2021: $2,666,8582021Assets 2022: $3,535,116Liabilities 2022: $117,694Net Assets 2022: $3,417,4222022Assets 2023: $4,913,941Liabilities 2023: $591,856Net Assets 2023: $4,322,0852023Assets 2024: $5,792,818Liabilities 2024: $236,776Net Assets 2024: $5,556,0422024Assets 2025: $6,899,886Liabilities 2025: $744,327Net Assets 2025: $6,155,5592025

Highlighted filing

2020

Assets$1,829,335
Liabilities$397,487
Net Assets$1,431,848
Open 2020 Filing

Operations Trend

Revenue Growth77th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Revenue 2015: $138,453Expenses 2015: $81,051Net Income 2015: $57,4022015Revenue 2016: $1,000,565Expenses 2016: $929,398Net Income 2016: $71,1672016Revenue 2017: $1,850,009Expenses 2017: $1,627,382Net Income 2017: $222,6272017Revenue 2018: $2,479,445Expenses 2018: $2,242,654Net Income 2018: $236,7912018Revenue 2019: $3,063,241Expenses 2019: $2,802,946Net Income 2019: $260,2952019Revenue 2020: $3,777,322Expenses 2020: $3,194,766Net Income 2020: $582,5562020Revenue 2021: $5,175,189Expenses 2021: $3,940,179Net Income 2021: $1,235,0102021Revenue 2022: $5,836,703Expenses 2022: $5,086,139Net Income 2022: $750,5642022Revenue 2023: $6,859,909Expenses 2023: $5,955,246Net Income 2023: $904,6632023Revenue 2024: $7,675,719Expenses 2024: $6,441,762Net Income 2024: $1,233,9572024Revenue 2025: $7,992,662Expenses 2025: $7,393,145Net Income 2025: $599,5172025

Highlighted filing

2020

Revenue$3,777,322
Expenses$3,194,766
Net Income$582,556
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Dec 16, 2020
Return Version
2019v5.1
Gross Receipts
$3,777,322
Mission and Program Overview

Mission

Laureate academy charter school is an approved k-8 tuition-free and open enrollment charter school. The academy serves all students including students with limited english proficiency and students with special needs and seeks to equip all students with the academic skills, mindsets, and habits for long-term success. Laureate academy served approximately 530 students in grades k-5.

Preparing students in grades k-8 with the academic skills and character for school and life success.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$764,545$1,711,340▲ $946,795
Land, Buildings, and Equipment, Net$108,908$60,988▼ $47,920
Prepaid Expenses and Deferred Charges$6,233$23,892▲ $17,659
Accounts Receivable$20,871$7,000▼ $13,871
Total Assets$925,672$1,829,335▲ $903,663
Other Assets Total$25,115$26,115▲ $1,000
Liabilities
Unsecured Notes Loans Payable$0$374,700▲ $374,700
Accounts Payable and Accrued Expenses$76,380$22,787▼ $53,593
Total Liabilities$76,380$397,487▲ $321,107
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$849,292$1,431,848▲ $582,556
Total Net Assets Fund Balance$849,292$1,431,848▲ $582,556
Total Liabilities and Net Assets / Fund Balance$925,672$1,829,335▲ $903,663

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$21,775$66,846$88,621
Leasehold Improvements$23,383$46,767$70,150
Buildings$15,830$31,660$47,490
Compensation and Service Providers
Top Officer Pay69th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Claire HeckermanHead of SchoolFT$91,570$8,232$99,802

Board Members and Trustees

NameTitle
William AaronChair, President
Patricia LeblancVice Chair
David HueteDirector
Lisa RebowDirector
Melinda BourgeoisDirector
Jordan WhittenburgSecretary
Nicholas AucoinTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Prime Af LLCBusing Transportation3116 DESTREHAN AVE, Harvey, LA 70058$187,628
Revenue and Support

Revenue Composition

Contributions and Grants
$3,745,008
Program Service Revenue
$0
Investment Income
$11,202
Other Revenue
$21,112
All Other Contributions
$4,084
Change in Net Assets
$582,556

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,777,322
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,777,322
Total Revenue per Form 990
$3,777,322
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,135,330
Other Expenses$1,059,436
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,514,727$204,086-$1,718,813
Fees for Services Other$306,161$48,767-$354,928
Occupancy$290,266$15,277-$305,543
Other Employee Benefits$135,530$20,505-$156,035
Payroll Taxes$121,695$19,560-$141,255
Current Officers, Directors, Trustees, and Key Employees$49,901$49,901-$99,802
Other Expenses$113,376$79,869-$79,869
Depreciation Depletion$45,524$2,396-$47,920
Information Technology$43,304$2,279-$45,583
Fees for Services Accounting-$36,462-$36,462
Insurance-$33,545-$33,545
Office Expenses-$32,376-$32,376
Pension Plan Contributions$17,795$1,630-$19,425
Fees for Services Legal-$4,921-$4,921
Advertising-$4,905-$4,905
Travel$8--$8
Total Functional Expenses$2,638,287$556,479$0$3,194,766

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,194,766
Total Expenses per Audited Statements$3,194,766
Total Expenses per Form 990$3,194,766
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
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
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

“The board does not have a committee with authority to act on the behalf of the board.”

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

“The form 990 is prepared by the organization's outside public accounting firm based on information provided by management. Once a draft of the return is available, it is reviewed by management with any changes or revisions incorporated into the filing. The revised return is then submitted to the board of directors for their review and approval prior to submitting to the irs.”

Form 990, Part VI, Section B, Line 12

“Conflict of interest statements are completed annually. Statements are reviewed by the executive director for conflicts. The executive director montiors activities throughout the school year. Any question of a conflict is addressed with the interested person, who is required to disclose the existence of any financial interest and be afforded the opportunity to disclose all material facts to the board and executive director. If a conflict of interest is identified, the appropriate action is taken, including limitations to the individual's influence on related business matters.”

Form 990, Part VI, Section B, Line 15

“Compensation is reviewed by the board annually through comparison of similarly sized schools in the area. The board review is documented in the board meeting minutes.”

Form 990, Part VI, Section C, Line 18

“The documents are readily available to the public upon request.”

Form 990, Part VI, Section C, Line 19

“The documents are readily available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Laureate Academy Inc
EIN
46-4907729
Phone
5045030170
Address
2115 OAKMERE DRIVE, HARVEY, LA 70058

Signing Officer

Name
Claire Heckerman
Title
Head of School
Phone
5045030170
Signed
2020-12-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Claire Heckerman
Formed
2014
Legal Domicile
La
Voting Board Members
5
Independent Board Members
5
Employees
50
Volunteers
50

Preparer

Firm
Cliftonlarsonallen Llp
Address
2210 EAST ROUTE 66, GLENDORA, CA 91740
Preparer
Derrick Debruyne CPA
Phone
6268577300
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Nursing services: program service expenses 10,400. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,400. Student transport- bus company: program service expenses 171,025. Management and general expenses 0. Fundraising expenses 0. Total expenses 171,025. Professional service fees: program service expenses 124,736. Management and general expenses 0. Fundraising expenses 0. Total expenses 124,736. Administrative service fees: program service expenses 0. Management and general expenses 48,767. Fundraising expenses 0. Total expenses 48,767.”

Form 990, Part XII, Line 2C

“The process has not changed from prior years.”

Financial Statement Notes

PART X, LINE 2:

“The school is a nonprofit entity exempt from the payment of income taxes under internal revenue code section 501(c)(3). Accordingly, no provision has been made for income taxes. Management has determined that all income tax positions are more likely than not of being sustained upon potential audit or examination; therefore, no disclosures of uncertain income tax positions are required. The school is subject to income tax on net income that is derived from business activities that are unrelated to the exempt purposes.”

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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/Desc0LAUREATE ACADEMY CHARTER SCHOOL IS AN APPROVED K-8 TUITION-FREE AND OPEN ENROLLMENT CHARTER SCHOOL. THE ACADEMY SERVES ALL STUDENTS INCLUDING STUDENTS WITH LIMITED ENGLISH PROFICIENCY AND STUDENTS WITH SPECIAL NEEDS AND SEEKS TO EQUIP ALL STUDENTS WITH THE ACADEMIC SKILLS, MINDSETS, AND HABITS FOR LONG-TERM SUCCESS. LAUREATE ACADEMY SERVED APPROXIMATELY 360 STUDENTS IN GRADES K-5.
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IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt020505
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0135530
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0156035
IRS990/OtherExpensesGrp/Desc0INSTRUCTIONAL MATERIALS
IRS990/OtherExpensesGrp/Desc1OTHER EXPENSE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt079869
IRS990/OtherExpensesGrp/ProgramServicesAmt0113376
IRS990/OtherExpensesGrp/TotalAmt0113376
IRS990/OtherExpensesGrp/TotalAmt179869
IRS990/OtherInd0X
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/BusinessCd2900099
IRS990/OtherRevenueMiscGrp/Desc0SCHOOL FUNDRAISERS
IRS990/OtherRevenueMiscGrp/Desc1SCHOOL PICTURES
IRS990/OtherRevenueMiscGrp/Desc2SCHOOL SPIRIT T-SHIRTS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt018806
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt11154
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt21071
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt018806
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt11154
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt21071
IRS990/OtherRevenueTotalAmt021112
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0204086
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01514727
IRS990/OtherSalariesAndWagesGrp/TotalAmt01718813
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt019560
IRS990/PayrollTaxesGrp/ProgramServicesAmt0121695
IRS990/PayrollTaxesGrp/TotalAmt0141255
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01630
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt017795
IRS990/PensionPlanContributionsGrp/TotalAmt019425
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06233
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt023892
IRS990/PrincipalOfficerNm0CLAIRE HECKERMAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03048703
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt06676
IRS990/PYOtherExpensesAmt01114212
IRS990/PYOtherRevenueAmt07862
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0260295
IRS990/PYSalariesCompEmpBnftPaidAmt01688734
IRS990/PYTotalExpensesAmt02802946
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03063241
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0582556
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt021112
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt015830
IRS990ScheduleD/BuildingsGrp/DepreciationAmt031660
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt047490
IRS990ScheduleD/EquipmentGrp/BookValueAmt021775
IRS990ScheduleD/EquipmentGrp/DepreciationAmt066846
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt088621
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03194766
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt023383
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt046767
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt070150
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03777322
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL IS A NONPROFIT ENTITY EXEMPT FROM THE PAYMENT OF INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. MANAGEMENT HAS DETERMINED THAT ALL INCOME TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION; THEREFORE, NO DISCLOSURES OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED. THE SCHOOL IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THE EXEMPT PURPOSES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt060988
IRS990ScheduleD/TotalExpensesPerForm990Amt03194766
IRS990ScheduleD/TotalRevenuePerForm990Amt03777322
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03777322
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03194766
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE CHARTER HAS THESE POLICIES IN ITS CHARTER WITH THE STATE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1PUBLIC CHARTER SCHOOL DOES NOT AWARD SCHOLARSHIPS
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2PUBLIC CHARTER SCHOOL PRINCIPALY FUNDED BY LOCAL AND FEDERAL MONIES RECEIVED THROUGH THE LOUISIANA DEPARTMENT OF EDUCATION
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD DOES NOT HAVE A COMMITTEE WITH AUTHORITY TO ACT ON THE BEHALF OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PREPARED BY THE ORGANIZATION'S OUTSIDE PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE A DRAFT OF THE RETURN IS AVAILABLE, IT IS REVIEWED BY MANAGEMENT WITH ANY CHANGES OR REVISIONS INCORPORATED INTO THE FILING. THE REVISED RETURN IS THEN SUBMITTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL PRIOR TO SUBMITTING TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONFLICT OF INTEREST STATEMENTS ARE COMPLETED ANNUALLY. STATEMENTS ARE REVIEWED BY THE EXECUTIVE DIRECTOR FOR CONFLICTS. THE EXECUTIVE DIRECTOR MONTIORS ACTIVITIES THROUGHOUT THE SCHOOL YEAR. ANY QUESTION OF A CONFLICT IS ADDRESSED WITH THE INTERESTED PERSON, WHO IS REQUIRED TO DISCLOSE THE EXISTENCE OF ANY FINANCIAL INTEREST AND BE AFFORDED THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD AND EXECUTIVE DIRECTOR. IF A CONFLICT OF INTEREST IS IDENTIFIED, THE APPROPRIATE ACTION IS TAKEN, INCLUDING LIMITATIONS TO THE INDIVIDUAL'S INFLUENCE ON RELATED BUSINESS MATTERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION IS REVIEWED BY THE BOARD ANNUALLY THROUGH COMPARISON OF SIMILARLY SIZED SCHOOLS IN THE AREA. THE BOARD REVIEW IS DOCUMENTED IN THE BOARD MEETING MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE DOCUMENTS ARE READILY AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE DOCUMENTS ARE READILY AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6NURSING SERVICES: PROGRAM SERVICE EXPENSES 10,400. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,400. STUDENT TRANSPORT- BUS COMPANY: PROGRAM SERVICE EXPENSES 171,025. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 171,025. PROFESSIONAL SERVICE FEES: PROGRAM SERVICE EXPENSES 124,736. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 124,736. ADMINISTRATIVE SERVICE FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 48,767. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 48,767.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE PROCESS HAS NOT CHANGED FROM PRIOR YEARS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XII, LINE 2C
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0925672
IRS990/TotalAssetsEOYAmt01829335
IRS990/TotalAssetsGrp/BOYAmt0925672
IRS990/TotalAssetsGrp/EOYAmt01829335
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt03745008
IRS990/TotalEmployeeCnt050
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0556479
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02638287
IRS990/TotalFunctionalExpensesGrp/TotalAmt03194766
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt076380
IRS990/TotalLiabilitiesEOYAmt0397487
IRS990/TotalLiabilitiesGrp/BOYAmt076380
IRS990/TotalLiabilitiesGrp/EOYAmt0397487
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0849292
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01431848
IRS990/TotalOtherCompensationAmt08232
IRS990/TotalProgramServiceExpensesAmt02638287
IRS990/TotalReportableCompFromOrgAmt091570
IRS990/TotalRevenueGrp/ExclusionAmt011202
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt021112
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03777322
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0925672
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01829335
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt08
IRS990/TravelGrp/TotalAmt08
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0374700
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02115 OAKMERE DRIVE
IRS990/USAddress/CityNm0HARVEY
IRS990/USAddress/StateAbbreviationCd0LA
IRS990/USAddress/ZIPCd070058
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.LAUREATECHARTER.ORG
IRS990/WhistleblowerPolicyInd00

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,829,335
Liabilities
$397,487
Net assets
$1,431,848
Revenue
$3,777,322
Expenses
$3,194,766
Net income
$582,556
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$6.90$0.74$6.16$7.99$7.39$0.60
2024Detailed filing. Detailed filing data is available for this year.$5.79$0.24$5.56$7.68$6.44$1.23
2023Detailed filing. Detailed filing data is available for this year.$4.91$0.59$4.32$6.86$5.96$0.90
2022Detailed filing. Detailed filing data is available for this year.$3.54$0.12$3.42$5.84$5.09$0.75
2021Detailed filing. Detailed filing data is available for this year.$2.75$0.08$2.67$5.18$3.94$1.24
2020Detailed filing. Detailed filing data is available for this year.$1.83$0.40$1.43$3.78$3.19$0.58
2019Detailed filing. Detailed filing data is available for this year.$0.93$0.08$0.85$3.06$2.80$0.26
2018Detailed filing. Detailed filing data is available for this year.$0.62$0.03$0.59$2.48$2.24$0.24
2017Detailed filing. Detailed filing data is available for this year.$0.57$0.22$0.35$1.85$1.63$0.22
2016Detailed filing. Detailed filing data is available for this year.$0.24$0.11$0.13$1.00$0.93$0.07
2015Summary only. Only limited summary data is available for this year.$0.06$0.00$0.14$0.08$0.06