Civic Intelligence

Praise Academy

990 • Fiscal year 2018 • EIN 81-3602868

Jul 01, 2017 to Jun 30, 2018 • Filed on May 02, 2019

Organization Profilewww.praiselakeside.org
1446 Yale AvenueShreveport, LA 71103

(318) 734-8210

Siviq Scores

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

Liabilities / Assets

54th percentile

0.05x

Higher debt load relative to assets than 54% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

41st percentile

0.01x

Higher debt load relative to revenue than 41% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

83rd percentile

28%

Higher net margin than 83% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

56th percentile

$25,000

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Balance Sheet
Liabilities / Assets54th percentile

Assets

$174,956

No earlier filing loaded for comparison.

Net Assets

$166,765

No earlier filing loaded for comparison.

Liabilities

$8,191

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue41st percentileNet Margin83rd percentile

Revenue

$595,593

No earlier filing loaded for comparison.

Expenses

$430,360

No earlier filing loaded for comparison.

Net Income

$165,233

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$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

2018

Assets$174,956
Liabilities$8,191
Net Assets$166,765
Open 2018 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this 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

2018

Revenue$595,593
Expenses$430,360
Net Income$165,233
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 2, 2019
Return Version
2017v2.0
Gross Receipts
$595,593
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.

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 classical approach.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,532$174,956▲ $173,424
Total Assets$1,532$174,956▲ $173,424
Liabilities
Accounts Payable and Accrued Expenses-$8,191-
Total Liabilities$0$8,191▲ $8,191
Net Assets / Fund Balance
Unrestricted Net Assets$1,532$166,577▲ $165,045
Temporarily Rstr Net Assets$0$188▲ $188
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$1,532$166,765▲ $165,233
Total Liabilities and Net Assets / Fund Balance$1,532$174,956▲ $173,424
Compensation and Service Providers
Top Officer Pay56th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Joan PingelHead of SchoolFT$25,000$25,000
Mary GramsTreasurerFT$15,000$15,000

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$451,313
Program Service Revenue
$144,280
Investment Income
$0
Other Revenue
$0
All Other Contributions
$451,313
Change in Net Assets
$165,233
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$206,688
Grants and Similar Amounts Paid$142,099
Other Expenses$81,573
Total Fundraising Expense$19,123
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$142,099--$142,099
Comp Disqual Persons$105,000-$7,000$112,000
Current Officers, Directors, Trustees, and Key Employees$40,000$40,000-$80,000
Occupancy$19,613$5,604$2,802$28,019
Payroll Taxes$11,093$3,060$535$14,688
Advertising--$7,834$7,834
Fees for Services Other$4,667$1,693-$6,360
Office Expenses$2,867$2,629$573$6,069
Travel$1,317$858$214$2,389
Information Technology$827$661$165$1,653
Fees for Services Legal-$1,179-$1,179
Other Expenses$1,173$0$0$1,173
Insurance-$790-$790
Total Functional Expenses$354,763$56,474$19,123$430,360
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
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
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 B, Line 11B

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

Form 990, Part VI, Section B, Line 15

“All officers and top management personnel are compensated based on comparisons to other comparable organizations and their salaries are determined and approved by the board of directors.”

Form 990, Part VI, Section C, Line 19

“The organization makes these documents 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
Paul DeCelles
Title
Chairman of the Board
Phone
5743601334
Signed
2019-05-02

Organization Details

Principal Officer
Paul DeCelles
Formed
2016
Legal Domicile
La
Voting Board Members
5
Independent Board Members
5
Employees
6
Volunteers
20
Raw XML Appendix362 raw XML fields

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/Desc0Praise Academy is a neighborhood elementary school currently serving 27 preschool through eighth-grade children from the Lakeside neighborhood in Shreveport, LA. The ZIP code in which our school resides is the poorest ZIP code in Louisiana, where 41% of the population has a household income of less than $15,000 and 85% of all fourth-graders are not proficient in reading. 100% of our students qualify for meals under the Louisiana School Breakfast an Lunch Program, which we provide.
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The school is in a community that is virtually 100% African American children. It solicites student through door to door contact and makes it policies of nondiscrimination known through this method. All of the students at the school are African American.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0These grants to families are in the form of financial assistance that reduce tuition charged to students attending Praise Academy. 10 families received tuition assistance during the fiscal year.
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The organization provides tuition assistance based on financial need. Because the school is in a very poor neighborhood the expectation is that every family will need tuition assistance. Staff meets with each family and has them fill out a financial needs form. No funds are given to the families. The aid is in the form of reduced tuition.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule I, Part I, Line 2
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Form 990 is reviewed and signed by an officer and then submitted to the IRS. Copies of the final Form is made available to all members of the board before it is filed with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All officers and top management personnel are compensated based on comparisons to other comparable organizations and their salaries are determined and approved by the board of directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization makes these documents available to the public upon request at it's corporate offices in Shreveport, Louisiana.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
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IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt0354763
IRS990/TotalProgramServiceRevenueAmt0144280
IRS990/TotalReportableCompFromOrgAmt040000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0144280
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0595593
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01532
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0174956
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt0214
IRS990/TravelGrp/ManagementAndGeneralAmt0858
IRS990/TravelGrp/ProgramServicesAmt01317
IRS990/TravelGrp/TotalAmt02389
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01532
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0166577
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0809 E Angela Blvd
IRS990/USAddress/CityNm0South Bend
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd046617
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0www.praiselakeside.org
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Paul DeCelles
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairman of the Board
ReturnHeader/BusinessOfficerGrp/PhoneNum05743601334
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PRAISE ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0PRAI
ReturnHeader/Filer/EIN0813602868
ReturnHeader/Filer/PhoneNum03187348210
ReturnHeader/Filer/USAddress/AddressLine1Txt01446 Yale Avenue
ReturnHeader/Filer/USAddress/CityNm0Shreveport
ReturnHeader/Filer/USAddress/StateAbbreviationCd0LA
ReturnHeader/Filer/USAddress/ZIPCd071103
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt076.172.24.213
ReturnHeader/ReturnTs02019-05-01T20:00:41-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$174,956
Liabilities
$8,191
Net assets
$166,765
Revenue
$595,593
Expenses
$430,360
Net income
$165,233
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.86$0.15$7.70$4.35$5.64$1.29
2023Detailed filing. Detailed filing data is available for this year.$8.98$0.17$8.81$6.80$4.73$2.07
2022Detailed filing. Detailed filing data is available for this year.$6.73$0.06$6.67$6.68$5.76$0.92
2021Detailed filing. Detailed filing data is available for this year.$5.84$0.10$5.75$8.28$5.80$2.47
2020Detailed filing. Detailed filing data is available for this year.$3.77$0.50$3.28$5.65$5.13$0.52
2019Detailed filing. Detailed filing data is available for this year.$2.79$0.04$2.75$6.18$5.10$1.09
2018Detailed filing. Detailed filing data is available for this year.$1.75$0.08$1.67$5.96$4.30$1.65