Civic Intelligence

Lafayette Education Foundation Inc

990 • Fiscal year 2016 • EIN 58-1849198

Jan 01, 2016 to Dec 31, 2016 • Filed on Oct 26, 2017

PO Box 53649Lafayette, LA 70505

(337) 234-3229

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

29th percentile

-4.9%

Higher net margin than 29% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

42nd percentile

$41,921

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 15.9% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

46th percentile

0.2%

Faster asset growth than 46% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

13th percentile

-26%

Faster revenue growth than 13% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$1,900,891

Up $4,396 (+0.2%) from 2015

Net Assets

Up

$1,900,891

Up $8,484 (+0.4%) from 2015

Liabilities

Down

$0

Down $4,088 (-100%) from 2015

Revenue

Down

$263,527

Down $91,435 (-26%) from 2015

Expenses

Down

$276,446

Down $67,490 (-20%) from 2015

Net Income

Down

-$12,919

Down $23,945 (-217%) from 2015

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 2010: $1,940,447Liabilities 2010: $1,841Net Assets 2010: $1,938,6062010Assets 2011: $1,855,311Liabilities 2011: $2,392Net Assets 2011: $1,852,9192011Assets 2012: $1,951,293Liabilities 2012: $2,660Net Assets 2012: $1,948,6332012Assets 2013: $2,075,136Liabilities 2013: $2,929Net Assets 2013: $2,072,2072013Assets 2014: $2,008,537Liabilities 2014: $3,843Net Assets 2014: $2,004,6942014Assets 2015: $1,896,495Liabilities 2015: $4,088Net Assets 2015: $1,892,4072015Assets 2016: $1,900,891Liabilities 2016: $0Net Assets 2016: $1,900,8912016Assets 2017: $1,984,724Liabilities 2017: $1,151Net Assets 2017: $1,983,5732017Assets 2018: $1,777,764Liabilities 2018: $910Net Assets 2018: $1,776,8542018Assets 2019: $1,843,539Liabilities 2019: $30,421Net Assets 2019: $1,813,1182019Assets 2020: $1,911,175Liabilities 2020: $0Net Assets 2020: $1,911,1752020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2016

Assets$1,900,891
Liabilities$0
Net Assets$1,900,891

Operations Trend

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

$4.0M$2.0M$0-$2.0M-$4.0MExpenses 2010: $405,7802010Expenses 2011: $380,1782011Expenses 2012: $374,4242012Revenue 2013: $518,083Expenses 2013: $448,254Net Income 2013: $69,8292013Revenue 2014: $387,693Expenses 2014: $435,782Net Income 2014: -$48,0892014Revenue 2015: $354,962Expenses 2015: $343,936Net Income 2015: $11,0262015Revenue 2016: $263,527Expenses 2016: $276,446Net Income 2016: -$12,9192016Revenue 2017: $607,349Expenses 2017: $338,584Net Income 2017: $268,7652017Revenue 2018: $204,258Expenses 2018: $307,999Net Income 2018: -$103,7412018Revenue 2019: $120,056Expenses 2019: $278,068Net Income 2019: -$158,0122019Revenue 2020: $83,612Expenses 2020: $104,837Net Income 2020: -$21,2252020Revenue 2021: $91,264Expenses 2021: $2,100,239Net Income 2021: -$2,008,9752021

Highlighted filing

2016

Revenue$263,527
Expenses$276,446
Net Income-$12,919
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Oct 26, 2017
Return Version
2016v3.0
Gross Receipts
$806,133
Mission and Program Overview

Mission

To promote excellence in education

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,349,079$1,435,620▲ $86,541
Savings and Temporary Cash Investments$543,381$463,926▼ $79,455
Land, Buildings, and Equipment, Net$4,035$1,345▼ $2,690
Total Assets$1,896,495$1,900,891▲ $4,396
Liabilities
Accounts Payable and Accrued Expenses$4,088--
Total Liabilities$4,088$0▼ $4,088
Net Assets / Fund Balance
Permanently Rstr Net Assets$1,542,161$1,542,161→ $0
Unrestricted Net Assets$350,246$358,730▲ $8,484
Total Net Assets Fund Balance$1,892,407$1,900,891▲ $8,484
Total Liabilities and Net Assets / Fund Balance$1,896,495$1,900,891▲ $4,396

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,345$23,989$25,334

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$1,640,245-▲ $77,286$33,800$1,674,435
2015$1,774,674$250▼ $125,099-$1,640,245
2014$1,821,676-▼ $36,996-$1,774,674
2013$1,769,113-▲ $62,610-$1,821,676
2012$1,664,369-▲ $114,609-$1,769,113
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Etienna WrightExecutive DirectorFT$41,921$41,921
Michael BlanchardExecutive DirectorFT$15,000$15,000

Board Members and Trustees

NameTitle
Elizabeth HesterlyPast President
Cade EvansPresident
Dan AlexanderPresident-elect
Adam CredeurDirector
Alton TrahanDirector
Andre HigginbothamDirector
Bruce NeckDirector
Charles BeazleyDirector
Charlotte DucoteDirector
Chris HebertDirector
Clay HenryDirector
Craig GlassingerDirector
Dwight Andrus IvDirector
Else DimitriadisDirector
Gerald CarlsonDirector
Lauren GardnerDirector
Mark BartonDirector
Mike HefnerDirector
Monique BurdinDirector
Moon ChangDirector
Peggy GiglioDirector
Ria LaseterDirector
William Rucks VVP Finance/treasurer
Blaise ZuschlagVP Fund Developemtn
Alice PecoraroVP Programs
Revenue and Support

Revenue Composition

Contributions and Grants
$238,493
Program Service Revenue
$0
Investment Income
$58,378
Other Revenue
$-33,344
All Other Contributions
$9,889
Change in Net Assets
$-12,919
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$104,238
Grants and Similar Amounts Paid$87,434
Other Expenses$84,774
Total Fundraising Expense$57,698
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$87,434--$87,434
Current Officers, Directors, Trustees, and Key Employees$22,769$5,692$28,461$56,922
Other Salaries and Wages$22,378$2,478$14,590$39,446
Occupancy$5,520$5,520$5,520$16,560
Fees for Service Investment Mgmnt Fees-$9,296-$9,296
Payroll Taxes$3,454$624$3,293$7,371
Fees for Services Accounting-$6,032-$6,032
Information Technology$873$3,257$873$5,003
Office Expenses$568$2,389$568$3,525
Insurance$1,125$1,125$1,125$3,375
Depreciation Depletion-$2,690-$2,690
Other Expenses$805$1,448$805$1,448
All Other Expenses--$1,326$1,326
Conferences and Meetings-$523-$523
Other Employee Benefits$166$167$166$499
Fees for Services Other-$72-$72
Interest-$20-$20
Advertising-$11-$11
Total Functional Expenses$175,626$43,122$57,698$276,446
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$33,344
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Prom Fundraiser$87,556-$9,869-
Drive for Education$2,110-$1,800-
Total Events$89,666-$33,344$-33,344
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
Backup withholding compliance
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
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 A, Line 6

This organization has members.

Form 990, Part VI, Section A, Line 7A

Board member candidates are identified and solicited by current board members or the executive director. During the next board meeting, a biography of the candidate is reviewed by the board and then the board votes on the potential board member.

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

The annual 990 is reviewed by the executive director prior to filing. All members of the board are provided a copy of the 990.

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

The conflict of interest policy is reviewed and updated, if necessary, by the board on an annual basis.

Form 990, Part VI, Section C, Line 19

No documents are made available to the public.

Filing and Contact Details

Filer

Filer Name
Lafayette Education Foundation Inc
EIN
58-1849198
Phone
3372343229
Address
PO BOX 53649, LAFAYETTE, LA 70505

Signing Officer

Name
William W Rucks V
Title
Treasurer
Phone
3372343229
Signed
2017-10-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cade Evans
Formed
1989
Legal Domicile
La
Voting Board Members
25
Independent Board Members
25
Employees
4
Volunteers
150

Preparer

Firm
Postlethwaite & Netterville
Address
400 E KALISTE SALOOM RD STE 7100, LAFAYETTE, LA 70508
Preparer
Cheryl Bartley
Phone
3372348431
Supplemental Narrative

Financial Statement Notes

Part V - Line 4 - Intended Uses of Endowment Fund

Income from the endowment fund is available for programs that promote education.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt260
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT-ELECT
IRS990/Form990PartVIISectionAGrp/TitleTxt2VP FINANCE/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3VP FUND DEVELOPEMTN
IRS990/Form990PartVIISectionAGrp/TitleTxt4VP PROGRAMS
IRS990/Form990PartVIISectionAGrp/TitleTxt5PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01989
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd01
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IRS990/FundraisingDirectExpensesAmt033344
IRS990/FundraisingGrossIncomeAmt00
IRS990/GainOrLossGrp/OtherAmt08799
IRS990/GainOrLossGrp/SecuritiesAmt020074
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt025
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IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0529336
IRS990/GrossReceiptsAmt0806133
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
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IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt0873
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt03257
IRS990/InformationTechnologyGrp/ProgramServicesAmt0873
IRS990/InformationTechnologyGrp/TotalAmt05003
IRS990/InsuranceGrp/FundraisingAmt01125
IRS990/InsuranceGrp/ManagementAndGeneralAmt01125
IRS990/InsuranceGrp/ProgramServicesAmt01125
IRS990/InsuranceGrp/TotalAmt03375
IRS990/InterestGrp/ManagementAndGeneralAmt020
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IRS990/InvestmentInJointVentureInd00
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IRS990/InvestmentsPubTradedSecGrp/EOYAmt01435620
IRS990/IRPDocumentCnt016
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IRS990/LandBldgEquipCostOrOtherBssAmt025334
IRS990/LegalDomicileStateCd0LA
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IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt028163
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROMOTE EXCELLENCE IN EDUCATION
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetUnrlzdGainsLossesInvstAmt021403
IRS990/NoncashContributionsAmt07028
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IRS990/OfficeExpensesGrp/FundraisingAmt0568
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02389
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IRS990/OfficeExpensesGrp/TotalAmt03525
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0167
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0166
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0499
IRS990/OtherExpensesGrp/Desc0TEACHER AWARDS
IRS990/OtherExpensesGrp/Desc1TELEPHONE
IRS990/OtherExpensesGrp/Desc2CONTRACT LABOR
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS EXPENSES
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0972
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1806
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IRS990/PartialLiquidationInd00
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IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0CADE EVANS
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IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0288391
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0127300

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