Civic Intelligence

Bdf Elementary

990 • Fiscal year 2022 • EIN 82-0939950

Jan 01, 2022 to Dec 31, 2022 • Filed on Feb 08, 2024

Organization ProfileWWW.BAYOUDISTRICTFOUNDATION.ORG
320 Julia StreetNew Orleans, LA 70130

(504) 523-1701

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.97x

Higher debt load relative to assets than 93% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

98th percentile

16.64x

Higher debt load relative to revenue than 98% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

51st percentile

7.0%

Higher net margin than 51% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

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

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

48th percentile

-0.1%

Faster asset growth than 48% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

42nd percentile

0.0%

Faster revenue growth than 42% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Down

$22,970,896

Down $18,438 (-0.1%) from 2021

Net Assets

Up

$632,273

Up $54,184 (+9.4%) from 2021

Liabilities

Down

$22,338,623

Down $72,622 (-0.3%) from 2021

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin51st percentile

Revenue

Flat

$1,342,500

Flat from 2021

Expenses

Down

$1,248,805

Down $750,436 (-38%) from 2021

Net Income

Up

$93,695

Up $750,436 (+114%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth48th percentile

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

$30M$20M$10M$0-$10MAssets 2017: $22,452,995Liabilities 2017: $22,629,113Net Assets 2017: -$176,1182017Assets 2018: $21,359,777Liabilities 2018: $22,629,113Net Assets 2018: -$1,269,3362018Assets 2019: $23,282,161Liabilities 2019: $22,137,270Net Assets 2019: $1,144,8912019Assets 2020: $23,718,752Liabilities 2020: $22,487,425Net Assets 2020: $1,231,3272020Assets 2021: $22,989,334Liabilities 2021: $22,411,245Net Assets 2021: $578,0892021Assets 2022: $22,970,896Liabilities 2022: $22,338,623Net Assets 2022: $632,2732022Assets 2023: $22,991,718Liabilities 2023: $22,338,623Net Assets 2023: $653,0952023Assets 2024: $102,932Liabilities 2024: $0Net Assets 2024: $102,9322024

Highlighted filing

2022

Assets$22,970,896
Liabilities$22,338,623
Net Assets$632,273
Open 2022 Filing

Operations Trend

Revenue Growth42nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2017: $0Expenses 2017: $176,118Net Income 2017: -$176,1182017Revenue 2018: $0Expenses 2018: $1,059,805Net Income 2018: -$1,059,8052018Revenue 2019: $1,342,500Expenses 2019: $1,253,262Net Income 2019: $89,2382019Revenue 2020: $1,342,500Expenses 2020: $1,252,832Net Income 2020: $89,6682020Revenue 2021: $1,342,500Expenses 2021: $1,999,241Net Income 2021: -$656,7412021Revenue 2022: $1,342,500Expenses 2022: $1,248,805Net Income 2022: $93,6952022Revenue 2023: $1,342,500Expenses 2023: $1,321,678Net Income 2023: $20,8222023Revenue 2024: $200,436Expenses 2024: $840,035Net Income 2024: -$639,5992024

Highlighted filing

2022

Revenue$1,342,500
Expenses$1,248,805
Net Income$93,695
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Feb 8, 2024
Return Version
2022v5.0
Gross Receipts
$1,342,500
Mission and Program Overview

Mission

Bdf elementary's mission is to raise funds to construct a new school facility within the columbia parc at the bayou district community, and partner with a school operator to provide excellent programming in order to provide access to quality education for residents of all incomes, and complete the "cradle to college" education model.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$22,892,950$22,860,284▼ $32,666
Rtn Earn Endowment Incm Other Fnds$578,089$632,273▲ $54,184
Cash and Non-Interest-Bearing Accounts$96,384$110,612▲ $14,228
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$22,989,334$22,970,896▼ $18,438
Liabilities
Other Liabilities$22,411,245$22,338,623▼ $72,622
Total Liabilities$22,411,245$22,338,623▼ $72,622
Net Assets / Fund Balance
Total Net Assets Fund Balance$578,089$632,273▲ $54,184
Total Liabilities and Net Assets / Fund Balance$22,989,334$22,970,896▼ $18,438

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$22,860,284-$22,860,284
Compensation and Service Providers
Top Officer Pay14th percentile

Board Members and Trustees

NameTitle
Gerard W Barousse JrPresident
Michael H RodrigueSecretary
Darrah SchaefferTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$1,342,500
Change in Net Assets
$93,695
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,248,805
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$1,247,305--$1,247,305
Fees for Services Accounting$1,500--$1,500
Total Functional Expenses$1,248,805$0$0$1,248,805
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
Liif Qlici Loan A1$8,126,610
Liif Qlici Loan B1$3,804,390
Pcg Qlici Loan C1$3,633,850
Cap One Qlici Loan B2$3,303,500
Pcg Qlici Loan A2$1,701,150
Cap One Qlici Loan C2$1,696,500
Philanthropic Loan$72,623
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
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

“Upon completion of the form 990, a copy is sent to the board of directors for their review. Members of the board approve the 990 either via a board meeting or electronically.”

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

“Board meetings are held monthly. All agreements and contracts are reviewed and approved by the board of directors.”

Form 990, Part VI, Section B, Line 15

“Board of directors, officers, and trustees are not compensated. Any compensation of these individuals would be approved by the board of directors. Key employee compensation is approved by the board of directors, with compensation reviewed annually at the board level.”

Form 990, Part VI, Section C, Line 19

“The foundation inserts a link on bayou district foundation's website that opens the current form 990. This form as well as various policies are also made available to the general publice upon request. The foundation notifies the public of this option in various mailing and publications throughout the year.”

Filing and Contact Details

Filer

Filer Name
Bdf Elementary
EIN
82-0939950
Phone
5045231701
Address
320 JULIA STREET, NEW ORLEANS, LA 70130

Signing Officer

Name
Gerard W Barousse Jr
Title
President
Phone
5045231701
Signed
2024-02-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gerard W Barousse Jr
Formed
2017
Legal Domicile
La
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
10

Preparer

Firm
Ericksen Krentel Llp
Address
4227 CANAL STREET, NEW ORLEANS, LA 70119
Preparer
Jeremy Thibodeaux CPA
Phone
5044867275
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

“Bdf elemetary's mission is to raise funds to construct a new school facility within in columbia parc at the bayou district community, and partner with a school operator to provide excellent programming in order to provide access to quality education for residents of all incomes, and complete the "cradle to college" education model.”

Raw XML Appendix358 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BDF ELEMETARY'S MISSION IS TO RAISE FUNDS TO CONSTRUCT A NEW SCHOOL FACILITY WITHIN IN COLUMBIA PARC AT THE BAYOU DISTRICT COMMUNITY, AND PARTNER WITH A SCHOOL OPERATOR TO PROVIDE EXCELLENT PROGRAMMING IN ORDER TO PROVIDE ACCESS TO QUALITY EDUCATION FOR RESIDENTS OF ALL INCOMES, AND COMPLETE THE "CRADLE TO COLLEGE" EDUCATION MODEL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UPON COMPLETION OF THE FORM 990, A COPY IS SENT TO THE BOARD OF DIRECTORS FOR THEIR REVIEW. MEMBERS OF THE BOARD APPROVE THE 990 EITHER VIA A BOARD MEETING OR ELECTRONICALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEETINGS ARE HELD MONTHLY. ALL AGREEMENTS AND CONTRACTS ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD OF DIRECTORS, OFFICERS, AND TRUSTEES ARE NOT COMPENSATED. ANY COMPENSATION OF THESE INDIVIDUALS WOULD BE APPROVED BY THE BOARD OF DIRECTORS. KEY EMPLOYEE COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS, WITH COMPENSATION REVIEWED ANNUALLY AT THE BOARD LEVEL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FOUNDATION INSERTS A LINK ON BAYOU DISTRICT FOUNDATION'S WEBSITE THAT OPENS THE CURRENT FORM 990. THIS FORM AS WELL AS VARIOUS POLICIES ARE ALSO MADE AVAILABLE TO THE GENERAL PUBLICE UPON REQUEST. THE FOUNDATION NOTIFIES THE PUBLIC OF THIS OPTION IN VARIOUS MAILING AND PUBLICATIONS THROUGHOUT THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART I, LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
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IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt025000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0BAYOU DISTRICT FOUNDATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B
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IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt022989334
IRS990/TotalAssetsEOYAmt022970896
IRS990/TotalAssetsGrp/BOYAmt022989334
IRS990/TotalAssetsGrp/EOYAmt022970896
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01248805
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01342500
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
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IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.BAYOUDISTRICTFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd01
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0GERARD W BAROUSSE JR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05045231701
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-02-08
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0LA
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0720549733
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW ORLEANS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0LA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd070119
ReturnHeader/PreparerPersonGrp/PhoneNum05044867275
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEREMY THIBODEAUX CPA
ReturnHeader/ReturnTs02024-02-15T08:49:31-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0GERARD
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BAROUSSE JR
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$22,970,896
Liabilities
$22,338,623
Net assets
$632,273
Revenue
$1,342,500
Expenses
$1,248,805
Net income
$93,695
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.10$0.20$0.84$0.64
2023Detailed filing. Detailed filing data is available for this year.$23.0$22.3$0.65$1.34$1.32$0.02
2022Detailed filing. Detailed filing data is available for this year.$23.0$22.3$0.63$1.34$1.25$0.09
2021Detailed filing. Detailed filing data is available for this year.$23.0$22.4$0.58$1.34$2.00$0.66
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.7$22.5$1.23$1.34$1.25$0.09
2019Detailed filing. Detailed filing data is available for this year.$23.3$22.1$1.14$1.34$1.25$0.09
2018Detailed filing. Detailed filing data is available for this year.$21.4$22.6$1.27$0.00$1.06$1.06
2017Detailed filing. Detailed filing data is available for this year.$22.5$22.6$0.18$0.00$0.18$0.18