Civic Intelligence

Lafayette Education Foundation Inc

990 • Fiscal year 2017 • EIN 58-1849198

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 12, 2018

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

16th percentile

0.00x

Higher debt load relative to assets than 16% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

16th percentile

0.00x

Higher debt load relative to revenue than 16% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

90th percentile

44%

Higher net margin than 90% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

54th percentile

4.4%

Faster asset growth than 54% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

94th percentile

130%

Faster revenue growth than 94% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$1,984,724

Up $83,833 (+4.4%) from 2016

Net Assets

Up

$1,983,573

Up $82,682 (+4.3%) from 2016

Liabilities

Up

$1,151

Up $1,151 from 2016

Revenue

Up

$607,349

Up $343,822 (+130%) from 2016

Expenses

Up

$338,584

Up $62,138 (+22%) from 2016

Net Income

Up

$268,765

Up $281,684 (+2180%) from 2016

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

2017

Assets$1,984,724
Liabilities$1,151
Net Assets$1,983,573

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

2017

Revenue$607,349
Expenses$338,584
Net Income$268,765
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 12, 2018
Return Version
2017v2.3
Gross Receipts
$2,259,682
Mission and Program Overview

Mission

To promote excellence in education

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,435,620$1,780,116▲ $344,496
Savings and Temporary Cash Investments$463,926$198,719▼ $265,207
Prepaid Expenses and Deferred Charges-$5,889-
Land, Buildings, and Equipment, Net$1,345$0▼ $1,345
Total Assets$1,900,891$1,984,724▲ $83,833
Liabilities
Other Liabilities$0$1,151▲ $1,151
Total Liabilities$0$1,151▲ $1,151
Net Assets / Fund Balance
Permanently Rstr Net Assets$1,542,161$1,542,161→ $0
Unrestricted Net Assets$358,730$441,412▲ $82,682
Total Net Assets Fund Balance$1,900,891$1,983,573▲ $82,682
Total Liabilities and Net Assets / Fund Balance$1,900,891$1,984,724▲ $83,833

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$25,334$25,334

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$1,674,435-▲ $212,180$44,416$1,781,624
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
Compensation and Service Providers

Board Members and Trustees

NameTitle
Cade EvansPast President
Dan AlexanderPresident
William Rucks VPresident-elect
Adam CredeurDirector
Alice PecoraroDirector
Alton TrahanDirector
Charles BeazleyDirector
Clay HenryDirector
Craig GlassingerDirector
Dwight Andrus IvDirector
Elizabeth DomingueDirector
Elizabeth HesterlyDirector
Else DimitriadisDirector
Erica WilliamsDirector
Gerald CarlsonDirector
Mike HefnerDirector
Monique BurdinDirector
Peggy GiglioDirector
Taniecea MalleryDirector
Travis BroussardDirector
Etienna WrightExecutive Director
Chris HebertVP Committees
Andre HigginbothamVP Finance/treasurer
Blaise ZuschlagVP Fund Developemtn
Lauren GardnerVP Programs
Revenue and Support

Revenue Composition

Contributions and Grants
$341,502
Program Service Revenue
$0
Investment Income
$304,018
Other Revenue
$-38,171
All Other Contributions
$88,944
Change in Net Assets
$268,765
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$139,544
Salaries, Compensation, and Employee Benefits$117,295
Other Expenses$81,745
Total Fundraising Expense$59,017
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$139,544--$139,544
Other Salaries and Wages$39,239$2,686$18,456$60,381
Current Officers, Directors, Trustees, and Key Employees$19,331$4,833$24,163$48,327
Occupancy$5,520$5,520$5,520$16,560
Fees for Service Investment Mgmnt Fees-$10,575-$10,575
Payroll Taxes$4,481$575$3,260$8,316
Fees for Services Accounting-$7,530-$7,530
Information Technology$700$2,458$700$3,858
Insurance$1,174$1,174$1,174$3,522
Office Expenses$448$2,524$449$3,421
Conferences and Meetings-$1,749-$1,749
Depreciation Depletion-$1,345-$1,345
Other Expenses$1,563$1,114$3,642$1,114
Other Employee Benefits$90$91$90$271
Advertising-$8-$8
Total Functional Expenses$235,822$43,745$59,017$338,584
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$42,801
Fundraising Gross Income$4,630
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Prom Fundraiser$121,117-$15,621-
Drive for Education$14,869-$5,463-
Total Events$140,616$4,630$42,801$-38,171
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Tax Liabilities$1,151
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
President Elect
Phone
3372343229
Signed
2018-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dan Alexander
Formed
1989
Legal Domicile
La
Voting Board Members
24
Independent Board Members
24
Employees
3
Volunteers
100

Preparer

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

Additional Explanations

FORM 990, PART XI, LINE 9:

Restricted net assets released and not previously recognized as income -94,416.

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/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT-ELECT
IRS990/Form990PartVIISectionAGrp/TitleTxt2VP FINANCE/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3VP PROGRAMS
IRS990/Form990PartVIISectionAGrp/TitleTxt4VP FUND DEVELOPEMTN
IRS990/Form990PartVIISectionAGrp/TitleTxt5VP COMMITTEES
IRS990/Form990PartVIISectionAGrp/TitleTxt6PAST PRESIDENT
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/TitleTxt24EXECUTIVE DIRECTOR
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IRS990/FormationYr01989
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt0135986
IRS990/FundraisingDirectExpensesAmt042801
IRS990/FundraisingGrossIncomeAmt04630
IRS990/GainOrLossGrp/OtherAmt04290
IRS990/GainOrLossGrp/SecuritiesAmt0267076
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt024
IRS990/GrantAmt0139544
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0139544
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IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt04290
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt01876608
IRS990/GrossReceiptsAmt02259682
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt024
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt0700
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt02458
IRS990/InformationTechnologyGrp/ProgramServicesAmt0700
IRS990/InformationTechnologyGrp/TotalAmt03858
IRS990/InsuranceGrp/FundraisingAmt01174
IRS990/InsuranceGrp/ManagementAndGeneralAmt01174
IRS990/InsuranceGrp/ProgramServicesAmt01174
IRS990/InsuranceGrp/TotalAmt03522
IRS990/InvestmentIncomeGrp/ExclusionAmt032652
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt032652
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01435620
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01780116
IRS990/IRPDocumentCnt016
IRS990/IRPDocumentW2GCnt00
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt025334
IRS990/LegalDomicileStateCd0LA
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IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01609532
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt031339
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROMOTE EXCELLENCE IN EDUCATION
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01900891
IRS990/NetAssetsOrFundBalancesEOYAmt01983573
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0271366
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0271366
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-38171
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-38171
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-91667
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt08685
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt05520
IRS990/OccupancyGrp/ManagementAndGeneralAmt05520
IRS990/OccupancyGrp/ProgramServicesAmt05520
IRS990/OccupancyGrp/TotalAmt016560
IRS990/OfficeExpensesGrp/FundraisingAmt0449
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02524
IRS990/OfficeExpensesGrp/ProgramServicesAmt0448
IRS990/OfficeExpensesGrp/TotalAmt03421
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-94416
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt090
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt091
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt090
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0271
IRS990/OtherExpensesGrp/Desc0TEACHER AWARDS
IRS990/OtherExpensesGrp/Desc1TELEPHONE
IRS990/OtherExpensesGrp/Desc2OTHER FUNDRAISING EXPEN
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS EXPENSES
IRS990/OtherExpensesGrp/FundraisingAmt01563
IRS990/OtherExpensesGrp/FundraisingAmt13642
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01563
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11114
IRS990/OtherExpensesGrp/ProgramServicesAmt023732
IRS990/OtherExpensesGrp/ProgramServicesAmt11563
IRS990/OtherExpensesGrp/TotalAmt023732
IRS990/OtherExpensesGrp/TotalAmt14689
IRS990/OtherExpensesGrp/TotalAmt23642
IRS990/OtherExpensesGrp/TotalAmt31114
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt01151
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt018456
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt02686
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt039239
IRS990/OtherSalariesAndWagesGrp/TotalAmt060381
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt03260
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0575
IRS990/PayrollTaxesGrp/ProgramServicesAmt04481
IRS990/PayrollTaxesGrp/TotalAmt08316
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt01542161
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt01542161
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05889
IRS990/PrincipalOfficerNm0DAN ALEXANDER
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0238493
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt087434
IRS990/PYInvestmentIncomeAmt058378
IRS990/PYOtherExpensesAmt084774
IRS990/PYOtherRevenueAmt0-33344
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-12919
IRS990/PYSalariesCompEmpBnftPaidAmt0104238
IRS990/PYTotalExpensesAmt0276446
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0263527
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0268765
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01

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