Civic Intelligence

Praise Academy

990 • Fiscal year 2019 • EIN 81-3602868

Jul 01, 2018 to Jun 30, 2019 • Filed on May 07, 2020

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

43rd percentile

0.01x

Higher debt load relative to assets than 43% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

36th percentile

0.01x

Higher debt load relative to revenue than 36% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

74th percentile

18%

Higher net margin than 74% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

66th percentile

$50,000

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 8.1% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

90th percentile

60%

Faster asset growth than 90% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

49th percentile

3.8%

Faster revenue growth than 49% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets43rd percentile

Assets

Up

$279,168

Up $104,212 (+60%) from 2018

Net Assets

Up

$275,297

Up $108,532 (+65%) from 2018

Liabilities

Down

$3,871

Down $4,320 (-53%) from 2018

Revenue And Expenses
Liabilities / Revenue36th percentileNet Margin74th percentile

Revenue

Up

$618,163

Up $22,570 (+3.8%) from 2018

Expenses

Up

$509,631

Up $79,271 (+18%) from 2018

Net Income

Down

$108,532

Down $56,701 (-34%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth90th percentile

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

2019

Assets$279,168
Liabilities$3,871
Net Assets$275,297
Open 2019 Filing

Operations Trend

Revenue Growth49th percentile

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

2019

Revenue$618,163
Expenses$509,631
Net Income$108,532
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 7, 2020
Return Version
2018v3.0
Gross Receipts
$618,163
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
Cash and Non-Interest-Bearing Accounts$174,956$279,145▲ $104,189
Accounts Receivable-$23-
Land, Buildings, and Equipment, Net-$0-
Total Assets$174,956$279,168▲ $104,212
Liabilities
Accounts Payable and Accrued Expenses$8,191$3,871▼ $4,320
Other Liabilities-$0-
Total Liabilities$8,191$3,871▼ $4,320
Net Assets / Fund Balance
Unrestricted Net Assets$166,577$275,109▲ $108,532
Temporarily Rstr Net Assets$188$188→ $0
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$166,765$275,297▲ $108,532
Total Liabilities and Net Assets / Fund Balance$174,956$279,168▲ $104,212
Compensation and Service Providers
Top Officer Pay66th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Joan PingelHead of SchoolFT$50,000$50,000
Mary GramsTreasurerFT$30,000$30,000

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
$404,803
Program Service Revenue
$213,360
Investment Income
$0
Other Revenue
$0
All Other Contributions
$404,803
Change in Net Assets
$108,532
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$213,995
Grants and Similar Amounts Paid$209,685
Other Expenses$85,951
Total Fundraising Expense$34,802
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$209,685--$209,685
Comp Disqual Persons$94,000$788$24,000$118,788
Current Officers, Directors, Trustees, and Key Employees$67,000$13,000-$80,000
Occupancy$17,880$14,305$3,576$35,761
Payroll Taxes$12,546$825$1,836$15,207
Office Expenses$3,451$3,751$690$7,892
Advertising--$4,463$4,463
Fees for Services Other$1,843$904-$2,747
Information Technology$941$752$188$1,881
Travel$1,269$195$49$1,513
Insurance-$1,114-$1,114
Other Expenses$712$0$0$712
Total Functional Expenses$439,195$35,634$34,802$509,631
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 are 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
2020-05-07

Organization Details

Principal Officer
Paul DeCelles
Formed
2016
Legal Domicile
La
Voting Board Members
5
Independent Board Members
5
Employees
7
Volunteers
20
Raw XML Appendix382 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 25 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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IRS990/MissionDesc0To 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.
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IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The school is in a community that is 100% African American children. It solicits 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
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0209214
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0These grants to families are in the form of financial assistance that reduce tuition charged to students attending Praise Academy. 11 families received tuition assistance during the fiscal year.
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt011
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. We also give aid to graduates of Praise Academy for their high school education for tuition and fees. We give this money directly to the high school.
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 are 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/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0188
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0188
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0174956
IRS990/TotalAssetsEOYAmt0279168
IRS990/TotalAssetsGrp/BOYAmt0174956
IRS990/TotalAssetsGrp/EOYAmt0279168
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0404803
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt034802
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt035634
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0439195
IRS990/TotalFunctionalExpensesGrp/TotalAmt0509631
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt08191
IRS990/TotalLiabilitiesEOYAmt03871
IRS990/TotalLiabilitiesGrp/BOYAmt08191
IRS990/TotalLiabilitiesGrp/EOYAmt03871
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0166765
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0275297
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt0439195
IRS990/TotalProgramServiceRevenueAmt0213360
IRS990/TotalReportableCompFromOrgAmt080000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0213360
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0618163
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0174956
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0279168
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt049
IRS990/TravelGrp/ManagementAndGeneralAmt0195
IRS990/TravelGrp/ProgramServicesAmt01269
IRS990/TravelGrp/TotalAmt01513
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0166577
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0275109
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/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Paul DeCelles
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairman of the Board
ReturnHeader/BusinessOfficerGrp/PhoneNum05743601334
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-05-07
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/IPv4AddressTxt071.201.27.134
ReturnHeader/ReturnTs02020-05-07T15:25:30-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$279,168
Liabilities
$3,871
Net assets
$275,297
Revenue
$618,163
Expenses
$509,631
Net income
$108,532
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