Civic Intelligence

Laureate Academy Inc.

990 • Fiscal year 2024 • EIN 46-4907729

Jul 01, 2023 to Jun 30, 2024 • Filed on Mar 24, 2025

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

33rd percentile

0.04x

Higher debt load relative to assets than 33% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

21st percentile

0.03x

Higher debt load relative to revenue than 21% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

70th percentile

16%

Higher net margin than 70% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$140,866

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

78th percentile

18%

Faster asset growth than 78% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

57th percentile

12%

Faster revenue growth than 57% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Up

$5,792,818

Up $878,877 (+18%) from 2023

Net Assets

Up

$5,556,042

Up $1,233,957 (+29%) from 2023

Liabilities

Down

$236,776

Down $355,080 (-60%) from 2023

Revenue And Expenses
Liabilities / Revenue21st percentileNet Margin70th percentile

Revenue

Up

$7,675,719

Up $815,810 (+12%) from 2023

Expenses

Up

$6,441,762

Up $486,516 (+8.2%) from 2023

Net Income

Up

$1,233,957

Up $329,294 (+36%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth78th 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

2024

Assets$5,792,818
Liabilities$236,776
Net Assets$5,556,042
Open 2024 Filing

Operations Trend

Revenue Growth57th 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

2024

Revenue$7,675,719
Expenses$6,441,762
Net Income$1,233,957
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Mar 24, 2025
Return Version
2023v6.0
Gross Receipts
$7,675,719
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$2,573,176$3,817,160▲ $1,243,984
Land, Buildings, and Equipment, Net$1,336,124$1,204,598▼ $131,526
Accounts Receivable$596,931$532,613▼ $64,318
Prepaid Expenses and Deferred Charges$88,217$63,519▼ $24,698
Total Assets$4,913,941$5,792,818▲ $878,877
Other Assets Total$319,493$174,928▼ $144,565
Liabilities
Other Liabilities$296,353$151,788▼ $144,565
Accounts Payable and Accrued Expenses$295,503$84,988▼ $210,515
Total Liabilities$591,856$236,776▼ $355,080
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,322,085$5,556,042▲ $1,233,957
Total Net Assets Fund Balance$4,322,085$5,556,042▲ $1,233,957
Total Liabilities and Net Assets / Fund Balance$4,913,941$5,792,818▲ $878,877

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$948,663$466,435$1,415,098
Leasehold Improvements$144,967$107,004$251,971
Equipment$110,968$20,146$131,114
Compensation and Service Providers
Top Officer Pay55th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Claire HeckermanHead of SchoolFT$133,687$7,179$140,866

Board Members and Trustees

NameTitle
Jordan WhittenburgVice Chair
Caitlyn ScalesDirector
Jahquille RossDirector
Monique HardyDirector
Toyane FaulknerDirector
Jaime BehenSecretary
Jake KrupaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$7,581,602
Program Service Revenue
$0
Investment Income
$66,962
Other Revenue
$27,155
All Other Contributions
$301
Change in Net Assets
$1,233,957

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,675,719
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$7,675,719
Total Revenue per Form 990
$7,675,719
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,828,150
Other Expenses$2,613,612
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,280,737$769,518-$3,050,255
Fees for Services Other$960,726$137,270-$1,097,996
Occupancy$434,137$22,849-$456,986
Other Employee Benefits$255,671$87,800-$343,471
Payroll Taxes$176,880$63,072-$239,952
Depreciation Depletion$186,226$9,092-$195,318
Fees for Services Accounting-$154,006-$154,006
Office Expenses-$151,738-$151,738
Current Officers, Directors, Trustees, and Key Employees$74,994$74,993-$149,987
Insurance-$97,992-$97,992
Information Technology$65,581$3,452-$69,033
Pension Plan Contributions$33,626$10,859-$44,485
Fees for Services Legal-$5,825-$5,825
Other Expenses$241,942$3,793-$3,793
All Other Expenses-$1,807-$1,807
Travel$1,678--$1,678
Advertising-$245-$245
Total Functional Expenses$4,712,198$1,729,564$0$6,441,762

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,441,762
Total Expenses per Audited Statements$6,441,762
Total Expenses per Form 990$6,441,762
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Current Lease Liability$151,788
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
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, Part VI, Section A, Line 8B

“There are no committees with authority to act on behalf of the governing body.”

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 12C

“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. The process described here was last completed in 2024.”

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
2025-03-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Claire Heckerman
Formed
2014
Legal Domicile
La
Voting Board Members
7
Independent Board Members
6
Employees
80
Volunteers
62

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

“Student transportation: program service expenses 466,536. Management and general expenses 0. Fundraising expenses 0. Total expenses 466,536. Fees for services- other: program service expenses 494,190. Management and general expenses 137,270. Fundraising expenses 0. Total expenses 631,460.”

FORM 990, PART XII, LINE 2C:

“The process for oversight and selection of an independent accountant has not changed from the prior year.”

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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IRS990/MissionDesc0LAUREATE 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/OtherExpensesGrp/Desc0INSTRUCTIONAL MATERIALS
IRS990/OtherExpensesGrp/Desc1MFP ADMIN FEE
IRS990/OtherExpensesGrp/Desc2DUES AND FEES - ADMIN
IRS990/OtherExpensesGrp/Desc3OTHER BUILDING SERVICES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0123316
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt111937
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt23793
IRS990/OtherExpensesGrp/ProgramServicesAmt0241942
IRS990/OtherExpensesGrp/TotalAmt0241942
IRS990/OtherExpensesGrp/TotalAmt1123316
IRS990/OtherExpensesGrp/TotalAmt211937
IRS990/OtherExpensesGrp/TotalAmt33793
IRS990/OtherLiabilitiesGrp/BOYAmt0296353
IRS990/OtherLiabilitiesGrp/EOYAmt0151788
IRS990/OtherRevenueMiscGrp/BusinessCd0611710
IRS990/OtherRevenueMiscGrp/Desc0MISC LOCAL INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt025086
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt02069
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt027155
IRS990/OtherRevenueTotalAmt027155
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0769518
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02280737
IRS990/OtherSalariesAndWagesGrp/TotalAmt03050255
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt063072
IRS990/PayrollTaxesGrp/ProgramServicesAmt0176880
IRS990/PayrollTaxesGrp/TotalAmt0239952
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt010859
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt033626
IRS990/PensionPlanContributionsGrp/TotalAmt044485
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt088217
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt063519
IRS990/PrincipalOfficerNm0CLAIRE HECKERMAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt06840282
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt013578
IRS990/PYOtherExpensesAmt02448221
IRS990/PYOtherRevenueAmt06049
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0904663
IRS990/PYSalariesCompEmpBnftPaidAmt03507025
IRS990/PYTotalExpensesAmt05955246
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06859909
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01233957
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02069
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0948663
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0466435
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01415098
IRS990ScheduleD/EquipmentGrp/BookValueAmt0110968
IRS990ScheduleD/EquipmentGrp/DepreciationAmt020146
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0131114
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt06441762
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0144967
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0107004
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0251971
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0151788
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CURRENT LEASE LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt07675719
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/TotalBookValueLandBuildingsAmt01204598
IRS990ScheduleD/TotalExpensesPerForm990Amt06441762
IRS990ScheduleD/TotalLiabilityAmt0151788
IRS990ScheduleD/TotalRevenuePerForm990Amt07675719
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07675719
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06441762
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/ExplanationTxt2THE ORGANIZATION IS A PUBLIC 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/ExplanationTxt0THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
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. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE DOCUMENTS ARE READILY AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5STUDENT TRANSPORTATION: PROGRAM SERVICE EXPENSES 466,536. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 466,536. FEES FOR SERVICES- OTHER: PROGRAM SERVICE EXPENSES 494,190. MANAGEMENT AND GENERAL EXPENSES 137,270. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 631,460.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.
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 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04913941
IRS990/TotalAssetsEOYAmt05792818
IRS990/TotalAssetsGrp/BOYAmt04913941
IRS990/TotalAssetsGrp/EOYAmt05792818
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt07581602
IRS990/TotalEmployeeCnt080
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01729564
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04712198
IRS990/TotalFunctionalExpensesGrp/TotalAmt06441762
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0591856
IRS990/TotalLiabilitiesEOYAmt0236776
IRS990/TotalLiabilitiesGrp/BOYAmt0591856
IRS990/TotalLiabilitiesGrp/EOYAmt0236776
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04322085
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05556042
IRS990/TotalOtherCompensationAmt07179
IRS990/TotalProgramServiceExpensesAmt04712198
IRS990/TotalReportableCompFromOrgAmt0133687
IRS990/TotalRevenueGrp/ExclusionAmt092048
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02069
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt07675719
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt062
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04913941
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05792818
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt01678
IRS990/TravelGrp/TotalAmt01678
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02115 OAKMERE DRIVE
IRS990/USAddress/CityNm0HARVEY
IRS990/USAddress/StateAbbreviationCd0LA
IRS990/USAddress/ZIPCd070058
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.LAUREATECHARTER.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CLAIRE HECKERMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0HEAD OF SCHOOL

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,792,818
Liabilities
$236,776
Net assets
$5,556,042
Revenue
$7,675,719
Expenses
$6,441,762
Net income
$1,233,957
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