Civic Intelligence

Praise Academy

990 • Fiscal year 2020 • EIN 81-3602868

Jul 01, 2019 to Jun 30, 2020 • Filed on Apr 29, 2021

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

63rd percentile

0.13x

Higher debt load relative to assets than 63% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.09x

Higher debt load relative to revenue than 55% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

56th percentile

9.3%

Higher net margin than 56% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

67th percentile

$51,400

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 9.1% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

77th percentile

35%

Faster asset growth than 77% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

39th percentile

-8.6%

Faster revenue growth than 39% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Up

$377,192

Up $98,024 (+35%) from 2019

Net Assets

Up

$327,642

Up $52,345 (+19%) from 2019

Liabilities

Up

$49,550

Up $45,679 (+1180%) from 2019

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin56th percentile

Revenue

Down

$564,921

Down $53,242 (-8.6%) from 2019

Expenses

Up

$512,576

Up $2,945 (+0.6%) from 2019

Net Income

Down

$52,345

Down $56,187 (-52%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth77th 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

2020

Assets$377,192
Liabilities$49,550
Net Assets$327,642
Open 2020 Filing

Operations Trend

Revenue Growth39th 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

2020

Revenue$564,921
Expenses$512,576
Net Income$52,345
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Apr 29, 2021
Return Version
2019v5.0
Gross Receipts
$564,921
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$279,145$377,192▲ $98,047
Accounts Receivable$23$0▼ $23
Land, Buildings, and Equipment, Net$0--
Total Assets$279,168$377,192▲ $98,024
Liabilities
Accounts Payable and Accrued Expenses$3,871$46,283▲ $42,412
Other Liabilities$0$3,267▲ $3,267
Total Liabilities$3,871$49,550▲ $45,679
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$275,109$320,972▲ $45,863
Net Assets With Donor Restrictions$188$6,670▲ $6,482
Total Net Assets Fund Balance$275,297$327,642▲ $52,345
Total Liabilities and Net Assets / Fund Balance$279,168$377,192▲ $98,024
Compensation and Service Providers
Top Officer Pay67th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Joan PingelHead of SchoolFT$51,400$51,400
Mary GramsTreasurerFT$30,840$30,840

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
$372,561
Program Service Revenue
$192,360
Investment Income
$0
Other Revenue
$0
All Other Contributions
$372,561
Change in Net Assets
$52,345
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$221,440
Grants and Similar Amounts Paid$197,561
Other Expenses$93,575
Total Fundraising Expense$42,925
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$197,561--$197,561
Other Salaries and Wages$96,632$2,160$24,672$123,464
Current Officers, Directors, Trustees, and Key Employees$68,876$13,364$0$82,240
Occupancy$13,108$10,486$2,622$26,216
Payroll Taxes$12,661$1,188$1,887$15,736
Advertising--$12,773$12,773
Office Expenses$3,920$3,136$784$7,840
Fees for Services Other$3,985$2,685-$6,670
Information Technology$598$479$120$1,197
Insurance-$1,013-$1,013
Travel$412$268$67$747
Other Expenses$337$0$0$337
Total Functional Expenses$434,872$34,779$42,925$512,576
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Louisiana income tax$1,399
Minnesota income tax$47
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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 organization 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
2021-04-29

Organization Details

Principal Officer
Paul C DeCelles
Formed
2016
Legal Domicile
La
Voting Board Members
7
Independent Board Members
7
Employees
7
Volunteers
20
Raw XML Appendix393 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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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The school is in a community that is 100% African American children. It solicits students 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.
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0See Schedule I, Part IV, statement 1
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0These 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/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 organization 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
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0279168
IRS990/TotalAssetsEOYAmt0377192
IRS990/TotalAssetsGrp/BOYAmt0279168
IRS990/TotalAssetsGrp/EOYAmt0377192
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0372561
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt042925
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt034779
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0434872
IRS990/TotalFunctionalExpensesGrp/TotalAmt0512576
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03871
IRS990/TotalLiabilitiesEOYAmt049550
IRS990/TotalLiabilitiesGrp/BOYAmt03871
IRS990/TotalLiabilitiesGrp/EOYAmt049550
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0275297
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0327642
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt0434872
IRS990/TotalProgramServiceRevenueAmt0192360
IRS990/TotalReportableCompFromOrgAmt082240
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0192360
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0564921
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0279168
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0377192
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt067
IRS990/TravelGrp/ManagementAndGeneralAmt0268
IRS990/TravelGrp/ProgramServicesAmt0412
IRS990/TravelGrp/TotalAmt0747
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01446 Yale Ave
IRS990/USAddress/CityNm0Shreveport
IRS990/USAddress/StateAbbreviationCd0LA
IRS990/USAddress/ZIPCd071103
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0www.praiselakeside.org
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Paul DeCelles
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairman of the Board
ReturnHeader/BusinessOfficerGrp/PhoneNum05743601334
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-04-29
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/ReturnTs02021-04-29T11:18:53-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$377,192
Liabilities
$49,550
Net assets
$327,642
Revenue
$564,921
Expenses
$512,576
Net income
$52,345
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