Civic Intelligence

Praise Academy

EIN 81-3602868 • 501(c)3 • Shreveport, LA

Profile

To provide an elementary school education that fosters each child's natural ability to become a productive, employable and active member of family and community through a Christ-centered foundational approach.

1446 Yale AvenueShreveport, LA 71103

www.praiselakeside.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

52nd percentile

0.02x

Higher debt load relative to assets than 52% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

58th percentile

0.04x

Higher debt load relative to revenue than 58% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

12th percentile

-30%

Higher net margin than 12% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

71st percentile

$58,947

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 13.6% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

19th percentile

-13%

Faster asset growth than 19% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

10th percentile

-36%

Faster revenue growth than 10% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Down

$785,681

Down $112,528 (-13%) from 2023

Liabilities

Down

$15,269

Down $2,032 (-12%) from 2023

Net Assets

Down

$770,412

Down $110,496 (-13%) from 2023

Revenue

Down

$434,688

Down $245,498 (-36%) from 2023

Expenses

Up

$563,554

Up $90,810 (+19%) from 2023

Net Income

Down

-$128,866

Down $336,308 (-162%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0Assets 2018: $174,956Liabilities 2018: $8,191Net Assets 2018: $166,7652018Assets 2019: $279,168Liabilities 2019: $3,871Net Assets 2019: $275,2972019Assets 2020: $377,192Liabilities 2020: $49,550Net Assets 2020: $327,6422020Assets 2021: $584,493Liabilities 2021: $9,550Net Assets 2021: $574,9432021Assets 2022: $672,552Liabilities 2022: $5,898Net Assets 2022: $666,6542022Assets 2023: $898,209Liabilities 2023: $17,301Net Assets 2023: $880,9082023Assets 2024: $785,681Liabilities 2024: $15,269Net Assets 2024: $770,4122024

Highlighted filing

2024

Assets$785,681
Liabilities$15,269
Net Assets$770,412

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2018: $595,593Expenses 2018: $430,360Net Income 2018: $165,2332018Revenue 2019: $618,163Expenses 2019: $509,631Net Income 2019: $108,5322019Revenue 2020: $564,921Expenses 2020: $512,576Net Income 2020: $52,3452020Revenue 2021: $827,546Expenses 2021: $580,245Net Income 2021: $247,3012021Revenue 2022: $667,626Expenses 2022: $575,915Net Income 2022: $91,7112022Revenue 2023: $680,186Expenses 2023: $472,744Net Income 2023: $207,4422023Revenue 2024: $434,688Expenses 2024: $563,554Net Income 2024: -$128,8662024

Highlighted filing

2024

Revenue$434,688
Expenses$563,554
Net Income-$128,866

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 7, 2025
Return Version
2023v6.0
Gross Receipts
$434,688
Mission and Program Overview

Mission

To provide an elementary school education that fosters each child's natural ability to become a productive, employable and active member of family and community through a Christ-centered foundational approach.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$411,822$447,067▲ $35,245
Cash and Non-Interest-Bearing Accounts$392,790$243,699▼ $149,091
Land, Buildings, and Equipment, Net$93,597$92,415▼ $1,182
Prepaid Expenses and Deferred Charges$0$2,500▲ $2,500
Savings and Temporary Cash Investments$0--
Accounts Receivable$0--
Other Notes and Loans Receivable, Net$0--
Pledges and Grants Receivable$0--
Receivable From Disqualified Prsn$0--
Receivables From Officers Etc$0--
Intangible Assets$0--
Inventories for Sale or Use$0--
Total Assets$898,209$785,681▼ $112,528
Other Assets Total$0--
Liabilities
Accounts Payable and Accrued Expenses$12,671$15,269▲ $2,598
Other Liabilities$4,630$0▼ $4,630
Total Liabilities$17,301$15,269▼ $2,032
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$763,421$612,549▼ $150,872
Net Assets With Donor Restrictions$117,487$157,863▲ $40,376
Total Net Assets Fund Balance$880,908$770,412▼ $110,496
Total Liabilities and Net Assets / Fund Balance$898,209$785,681▼ $112,528

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$89,190$7,527$96,717
Equipment$2,111$36$2,147
Other Land Buildings$1,114$795$1,909
Land$0-$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Joan PingelHead of SchoolFT$58,947$58,947
Mary GramsTreasurer & Lead Pre-K TeacherFT$35,367$35,367

Board Members and Trustees

NameTitle
Paul DeCellesChairman of the Board
Nano FarabaughPresident
David ZimmelBoard member
Kathy GleasonBoard Member
Debbie MixellSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$408,365
Program Service Revenue
$4,322
Investment Income
$17,297
Other Revenue
$4,704
All Other Contributions
$408,365
Change in Net Assets
$-128,866
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$349,829
Other Expenses$210,406
Total Fundraising Expense$44,947
Grants and Similar Amounts Paid$3,319
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$189,389$12,973$28,293$230,655
Current Officers, Directors, Trustees, and Key Employees$78,988$15,326-$94,314
Occupancy$38,126$778-$38,904
Payroll Taxes$20,625$2,071$2,164$24,860
Fees for Services Other$23,783$435-$24,218
Insurance-$23,719-$23,719
Fees for Services Accounting-$21,736-$21,736
Office Expenses$19,110$2,290-$21,400
Advertising--$14,490$14,490
Travel$3,294$1,727-$5,021
Fees for Services Legal-$5,000-$5,000
Information Technology$3,870--$3,870
Depreciation Depletion$3,746--$3,746
Grants to Domestic Individuals$3,319--$3,319
Other Expenses$0$1,018-$1,018
Fees for Service Investment Mgmnt Fees-$921-$921
Total Functional Expenses$430,613$87,994$44,947$563,554
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--
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 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
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 2

Debbie Mixell and Paul DeCelles, business relationship Kathy Gleason and Paul DeCelles, business relationship

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

Form 990 is reviewed and signed by an officer and then submitted to the IRS. Copies of the final form are made available to all members of the board before it is filed with the IRS.

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

Legal counsel questions trustees prior to board decisions with respect to any potential conflicts of interest to ensure compliance with the conflict of interest policy.

Form 990, Part VI, Section C, Line 19

The organization makes it's Articles of Incorporation available to the public upon request at it's corporate offices in Shreveport, Louisiana.

Filing and Contact Details

Filer

Filer Name
Praise Academy
EIN
81-3602868
Phone
3187348210
Address
1446 Yale Avenue, Shreveport, LA 71103

Signing Officer

Name
Nano Farabaugh
Title
President
Phone
5742296233
Signed
2025-05-07

Organization Details

Principal Officer
Nano Farabaugh
Formed
2016
Legal Domicile
La
Voting Board Members
7
Independent Board Members
5
Employees
14
Volunteers
20
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

Praise Academy sponsored two summer camps for neighborhood children - one in Evansville, IN from June 24 -July 6, 2024 and the other in Shreveport, LA July 8-29, 2024. These camps provided a safe and fun environment during the summer months when school is out. They offered a unique blend of educational and recreational activities. Children not only engaged in arts and crafts, sports, music, and games, but they also delved into the teachings of the bible and Christ's love, which is an integral part of our program. The camps were a wonderful opportunity for them to learn about faith, love, compassion, and forgiveness in a fun and interactive way. The purpose was 3-fold: to share the good news of Jesus with the children, to provide them with wholesome and fun recreational activities, and to cultivate friendships among the neighborhood children.

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IRS990/Desc0Praise Academy provides our students with a solid foundation in the essentials of elementary education: reading, writing, math, science, social studies, art, music and physical education. In addition to these foundational skills, we work at developing life-skills such as basic construction and cooking, and we strive to develop character traits that will serve them into adulthood, such as compassion, humility and resiliency. Caddo Parish literacy rate is comparable at 72%. Many of the students who attend Praise Academy come to our school with literacy deficits. With all this in mind, we concentrate our efforts on raising student literacy levels, with a particular emphasis on building strong readers in early elementary grades. We say, "Students in Pre-K to 2nd grade learn to read and from 3rd to 8th grade, they read to learn. We also set aside a time each day that is dedicated to students taking time to read a book, whether independently or with an adult. By the end of this year, each of our students were able to move on to the next grade level in their reading coursework. Our first alumna finished her second year of college and received honors for her grades. Our second alumnus is on track to graduate from a local Prep school the following year and intends to attend college thereafter. We are proud of the accomplishments of these graduates and grateful we are able to help pave their way to higher education.
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IRS990/PayrollTaxesGrp/FundraisingAmt02164
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02071
IRS990/PayrollTaxesGrp/ProgramServicesAmt020625
IRS990/PayrollTaxesGrp/TotalAmt024860
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02500
IRS990/PrincipalOfficerNm0Nano Farabaugh
IRS990/PriorPeriodAdjustmentsAmt0-499
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/Desc0Tuition
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04322
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04322
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgSrvcAccomActy2Grp/Desc0The two summer camps exceeded our anticipated attendance of 50 campers each. Evansville camp had 73 registered campers and Shreveport had 62 with consistent attendance for the whole duration of camp. Our first goal of sharing the good news of Jesus was met by campers attending a daily 20 minute chapel service as well as prayer and bible lessons in their age group. Many campers heard the story of Jesus for the first time and many were captivated by Bible stories. Campers were excited when they were presented with their own children's bible at the end of Camp. Our recreational goal was met by group leaders (many of whom are school teachers) providing safe and engaging games, crafts, sports and learning activities which the campers enthusiastically (and loudly) participated in. Friendships, our third goal was not only experienced among the children who related well with each other, but spread to their families, when a large number of parents and siblings attended a neighborhood BBQ event at the end of camp.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt08505
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt057303
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0653296
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt03446
IRS990/PYInvestmentIncomeAmt08897
IRS990/PYOtherExpensesAmt0154233
IRS990/PYOtherRevenueAmt011642
IRS990/PYProgramServiceRevenueAmt06351
IRS990/PYRevenuesLessExpensesAmt0207442
IRS990/PYSalariesCompEmpBnftPaidAmt0315065
IRS990/PYTotalExpensesAmt0472744
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0680186
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-128866
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt0600
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0396255
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990ScheduleA/SchoolInd0X
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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/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt089190
IRS990ScheduleD/BuildingsGrp/DepreciationAmt07527
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt096717
IRS990ScheduleD/EquipmentGrp/BookValueAmt02111
IRS990ScheduleD/EquipmentGrp/DepreciationAmt036
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02147
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01114
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0795
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01909
IRS990ScheduleD/TotalBookValueLandBuildingsAmt092415
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The school is in a community that is 100% African American. It solicits students through door to door contact and makes its policies of nondiscrimination known through this method. This year 90% of the students were African American and 10% were white.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Praise Academy sponsored two summer camps for neighborhood children - one in Evansville, IN from June 24 -July 6, 2024 and the other in Shreveport, LA July 8-29, 2024. These camps provided a safe and fun environment during the summer months when school is out. They offered a unique blend of educational and recreational activities. Children not only engaged in arts and crafts, sports, music, and games, but they also delved into the teachings of the bible and Christ's love, which is an integral part of our program. The camps were a wonderful opportunity for them to learn about faith, love, compassion, and forgiveness in a fun and interactive way. The purpose was 3-fold: to share the good news of Jesus with the children, to provide them with wholesome and fun recreational activities, and to cultivate friendships among the neighborhood children.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Debbie Mixell and Paul DeCelles, business relationship Kathy Gleason and Paul DeCelles, business relationship
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Form 990 is reviewed and signed by an officer and then submitted to the IRS. Copies of the final form are made available to all members of the board before it is filed with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Legal counsel questions trustees prior to board decisions with respect to any potential conflicts of interest to ensure compliance with the conflict of interest policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organization makes it's Articles of Incorporation available to the public upon request at it's corporate offices in Shreveport, Louisiana.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd01
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0898209
IRS990/TotalAssetsEOYAmt0785681
IRS990/TotalAssetsGrp/BOYAmt0898209
IRS990/TotalAssetsGrp/EOYAmt0785681
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0408365
IRS990/TotalEmployeeCnt014
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt044947
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt087994
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0430613
IRS990/TotalFunctionalExpensesGrp/TotalAmt0563554
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt017301
IRS990/TotalLiabilitiesEOYAmt015269
IRS990/TotalLiabilitiesGrp/BOYAmt017301
IRS990/TotalLiabilitiesGrp/EOYAmt015269
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0880908

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