Civic Intelligence

Community Academies of New Orleans Inc

EIN 84-2902432 • 501(c)3 • New Orleans, LA

Profile

Community academies' mission is to cultivate schools that nurture students' character and critical thinking ability in responsive learning environments, thereby equipping them to be impactful community leaders.

9330 Forshey StNew Orleans, LA 70118

www.communityacademies.org

Siviq Scores

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

Liabilities / Assets

46th percentile

0.14x

Higher debt load relative to assets than 46% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

21st percentile

0.05x

Higher debt load relative to revenue than 21% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

29th percentile

-2.2%

Higher net margin than 29% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

59th percentile

$214,418

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

31st percentile

-0.8%

Faster asset growth than 31% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

16th percentile

-14%

Faster revenue growth than 16% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Down

$8,613,193

Down $66,777 (-0.8%) from 2023

Liabilities

Up

$1,178,851

Up $452,418 (+62%) from 2023

Net Assets

Down

$7,434,342

Down $519,195 (-6.5%) from 2023

Revenue

Down

$23,132,575

Down $3,694,830 (-14%) from 2023

Expenses

Up

$23,651,770

Up $1,433,970 (+6.5%) from 2023

Net Income

Down

-$519,195

Down $5,128,800 (-111%) from 2023

Trend Graphs

Balance Sheet Trend

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

$10M$5.0M$0Assets 2020: $1,622,936Liabilities 2020: $243,136Net Assets 2020: $1,379,8002020Assets 2021: $3,607,282Liabilities 2021: $2,261,380Net Assets 2021: $1,345,9022021Assets 2022: $4,812,198Liabilities 2022: $1,468,266Net Assets 2022: $3,343,9322022Assets 2023: $8,679,970Liabilities 2023: $726,433Net Assets 2023: $7,953,5372023Assets 2024: $8,613,193Liabilities 2024: $1,178,851Net Assets 2024: $7,434,3422024

Highlighted filing

2024

Assets$8,613,193
Liabilities$1,178,851
Net Assets$7,434,342

Operations Trend

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

$30M$20M$10M$0-$10MRevenue 2020: $1,992,929Expenses 2020: $613,129Net Income 2020: $1,379,8002020Revenue 2021: $19,811,905Expenses 2021: $19,810,908Net Income 2021: $9972021Revenue 2022: $22,757,358Expenses 2022: $20,759,329Net Income 2022: $1,998,0292022Revenue 2023: $26,827,405Expenses 2023: $22,217,800Net Income 2023: $4,609,6052023Revenue 2024: $23,132,575Expenses 2024: $23,651,770Net Income 2024: -$519,1952024

Highlighted filing

2024

Revenue$23,132,575
Expenses$23,651,770
Net Income-$519,195

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$23,132,575
Mission and Program Overview

Mission

Community academies' mission is to cultivate schools that nurture students' character and critical thinking ability in responsive learning environments, thereby equipping them to be impactful community leaders.

Community academies' mission is to cultivate schools that nurture students' (cont'd on sch. O) character and critical thinking ability in responsive learning environments, thereby equipping them to be impactful community leaders.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$3,323,002$3,233,933▼ $89,069
Savings and Temporary Cash Investments$3,015,143$3,017,304▲ $2,161
Pledges and Grants Receivable$1,768,892$1,744,100▼ $24,792
Land, Buildings, and Equipment, Net$275,448$148,896▼ $126,552
Prepaid Expenses and Deferred Charges$143,836$82,978▼ $60,858
Accounts Receivable$153,649$664▼ $152,985
Total Assets$8,679,970$8,613,193▼ $66,777
Other Assets Total$0$385,318▲ $385,318
Liabilities
Accounts Payable and Accrued Expenses$726,433$793,533▲ $67,100
Other Liabilities$0$385,318▲ $385,318
Total Liabilities$726,433$1,178,851▲ $452,418
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,953,537$7,434,342▼ $519,195
Total Net Assets Fund Balance$7,953,537$7,434,342▼ $519,195
Total Liabilities and Net Assets / Fund Balance$8,679,970$8,613,193▼ $66,777

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$140,851$367,574$508,425
Equipment$8,045$15,041$23,086
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Myrialis KingChief Executive OfficerFT$198,306$16,112$214,418
Nicole SaulnyChief of Schools OfficerFT$144,762$13,288$158,050
Keeanya ChenierCheif Financial OfficerFT$110,700$4,856$115,556
Lakeytra DomingueCheif Academic OfficerFT$86,075$5,539$91,614

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Sodexo INC & AffiliatesFood ServicePO BOX 536922, Atlanta, GA 30353-6922$837,952
Exquisite Diamond Transportation LLCTransportation1189 FREMAUX AVE, Slidell, LA 70458$482,490
Titian Cleaning LLC Dba OmexJanitorial537 S 48TH ST, Tempe, AZ 85281$332,744
Nola Service Star JanitorialJanitorial3501 WHITE OAK AVENUE, New Orleans, LA 70131$328,400
Speech By Design LLCStudent Support Services4544 PARIS AVE, New Orleans, LA 70122$242,604
Revenue and Support

Revenue Composition

Contributions and Grants
$22,810,704
Program Service Revenue
$176,487
Investment Income
$145,384
Other Revenue
$0
All Other Contributions
$10,624
Change in Net Assets
$-519,195

Audited Revenue Reconciliation

Revenue per Audited Statements
$23,132,575
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$23,132,575
Total Revenue per Form 990
$23,132,575
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$14,828,518
Other Expenses$8,823,252
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$10,299,641$1,940,176-$12,239,817
Fees for Services Other$1,490,799$201,634-$1,692,433
All Other Expenses$880,879$586,769-$1,467,648
Payroll Taxes$757,811$195,909-$953,720
Other Employee Benefits$664,848$171,877-$836,725
Other Expenses$572,004$81,722-$653,726
Current Officers, Directors, Trustees, and Key Employees$596,260--$596,260
Insurance-$576,928-$576,928
Occupancy$143,603$393,868-$537,471
Pension Plan Contributions$160,503$41,493-$201,996
Fees for Services Accounting-$98,667-$98,667
Travel$34,417$16,088-$50,505
Advertising-$18,568-$18,568
Total Functional Expenses$17,690,771$5,960,999$0$23,651,770

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$23,651,770
Total Expenses per Audited Statements$23,651,770
Total Expenses per Form 990$23,651,770
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Operating Lease Right of Use Liabilities$385,318
Governance and Compliance

Governance Checklist

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

The tax preparers provide a draft copy of the form 990 to the cfo. The cfo and ceo review the 990 and provide a copy to the board before filing

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

On an annual basis, the ceo (or board chair) requests that officers, directors and other key employees disclose any activities outside of those related to the organziation to ensure that there are no interests that could give rise to any conflicts of interest.

Form 990, Part VI, Section B, Line 15

The board's compensation committee evaluated comparable data, including other similar positioned, experienced and educated executives, in their process of determining and approving the ceo's compensation, which was then approved by the board. The other top management salaries were determined by the ceo using comparable data from other cmo's, and those salaries were approved by the board as part of the annual budgeting approval process.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Community Academies of New Orleans Inc
EIN
84-2902432
Phone
5048617957
Address
9330 FORSHEY ST, NEW ORLEANS, LA 70118

Signing Officer

Name
Myrialis King
Title
Chief Executive Officer
Phone
5048617957
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Myrialis King
Formed
2019
Legal Domicile
La
Voting Board Members
9
Independent Board Members
9
Employees
328
Volunteers
9

Preparer

Firm
Laporte Apac
Address
111 VETERANS MEMORIAL BLVD 600, METAIRIE, LA 70005-4958
Preparer
John S Wiles CPA
Phone
5048355522
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 2C -

Audit compliance. The board works with the finance team and has hired an external auditor to ensure that an annual audit is completed. The board treasurer, with the support of the cfo and network team, prepares management's response to each audit finding.

Financial Statement Notes

PART X, LINE 2:

The organization is recognized by the internal revenue service (irs) as a section 501(c)(3) tax-exempt organization. However, income from certain activities not directly related to the organizations tax-exempt purpose is subject to taxation as unrelated business income. Accounting principles generally accepted in the united states of america provide accounting and disclosure guidance about positions taken by an entity in its tax returns that might be uncertain. The organization believes that it has appropriate support for any tax positions taken, and management has determined that there are no uncertain tax positions that are material to the financial statements. Penalties and interest assessed by income taxing authorities, if any, would be included in income tax expense.

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IRS990/Form990PartVIISectionAGrp/TitleTxt9CHIEF EXECUTIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt10CHIEF OF SCHOOLS OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt11CHEIF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt12CHEIF ACADEMIC OFFICER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02019
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GovernmentGrantsAmt022800080
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt023132575
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt0576928
IRS990/InsuranceGrp/TotalAmt0576928
IRS990/InvestmentIncomeGrp/ExclusionAmt0145384
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0145384
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt0116
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0382615
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt0148896
IRS990/LandBldgEquipCostOrOtherBssAmt0531511
IRS990/LegalDomicileStateCd0LA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0COMMUNITY ACADEMIES' MISSION IS TO CULTIVATE SCHOOLS THAT NURTURE STUDENTS' CHARACTER AND CRITICAL THINKING ABILITY IN RESPONSIVE LEARNING ENVIRONMENTS, THEREBY EQUIPPING THEM TO BE IMPACTFUL COMMUNITY LEADERS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt07953537
IRS990/NetAssetsOrFundBalancesEOYAmt07434342
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt07953537
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt07434342
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0393868
IRS990/OccupancyGrp/ProgramServicesAmt0143603
IRS990/OccupancyGrp/TotalAmt0537471
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt0385318
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0171877
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0664848
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0836725
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1MATERIALS AND SUPPLIES
IRS990/OtherExpensesGrp/Desc2FOOD SERVICES
IRS990/OtherExpensesGrp/Desc3RENTAL
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01500388
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1136912
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt281722
IRS990/OtherExpensesGrp/ProgramServicesAmt0156920
IRS990/OtherExpensesGrp/ProgramServicesAmt1938271
IRS990/OtherExpensesGrp/ProgramServicesAmt2994815
IRS990/OtherExpensesGrp/ProgramServicesAmt3572004
IRS990/OtherExpensesGrp/TotalAmt01657308
IRS990/OtherExpensesGrp/TotalAmt11075183
IRS990/OtherExpensesGrp/TotalAmt2994815
IRS990/OtherExpensesGrp/TotalAmt3653726
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt0385318
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01940176
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt010299641
IRS990/OtherSalariesAndWagesGrp/TotalAmt012239817
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0195909
IRS990/PayrollTaxesGrp/ProgramServicesAmt0757811
IRS990/PayrollTaxesGrp/TotalAmt0953720
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt041493
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0160503
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01744100
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0143836
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt082978
IRS990/PrincipalOfficerNm0MYRIALIS KING
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/BusinessCd1611110
IRS990/ProgramServiceRevenueGrp/BusinessCd2611110
IRS990/ProgramServiceRevenueGrp/Desc0SCHOOL FEES
IRS990/ProgramServiceRevenueGrp/Desc1UNIFORM FEES
IRS990/ProgramServiceRevenueGrp/Desc2STUDENT ACTIVITIES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0111596
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt132977
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt231914
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt132977
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt231914
IRS990/ProgSrvcAccomActy2Grp/Desc0ESPERANZA CHARTER SCHOOL IS A PUBLIC CHARTER SCHOOL LOCATED AT 4407 SOUTH CARROLLTON AVENUE IN NEW ORLEANS. IT HAS APPROXIMATELY 488 STUDENTS IN KINDERGARTEN THROUGH 8TH GRADE. EACH STUDENT IS PROVIDED WITH A SCHOOL PROGRAM ENRICHED BY FINE ARTS, TECHNOLOGY, AND ATHLETICS. THE OVERALL STUDENT TO TEACHER RATIO IS 9 TO 1.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt07781760
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt040997
IRS990/ProgSrvcAccomActy3Grp/Desc0FOUNDATION PREPARATORY IS A PUBLIC CHARTER SCHOOL LOCATED AT 3121 ST. BERNARD AVE. IN NEW ORLEANS. IT HAS APPROXIMATELY 204 STUDENTS IN KINDERGARTEN THROUGH 8TH GRADE. EACH STUDENT IS PROVIDED WITH A SCHOOL PROGRAM ENRICHED BY FINE ARTS, TECHNOLOGY, AND ATHLETICS. THE OVERALL STUDENT TO TEACHER RATIO IS 9 TO 1.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt03433226
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt030243
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt026672092
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt025389
IRS990/PYOtherExpensesAmt09838790
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0129924
IRS990/PYRevenuesLessExpensesAmt04609605
IRS990/PYSalariesCompEmpBnftPaidAmt012379010
IRS990/PYTotalExpensesAmt022217800
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt026827405
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-519195
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0105247
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03015143
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03017304
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0140851
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0367574
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0508425
IRS990ScheduleD/EquipmentGrp/BookValueAmt08045
IRS990ScheduleD/EquipmentGrp/DepreciationAmt015041
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt023086
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt023651770
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0385318
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OPERATING LEASE RIGHT OF USE LIABILITIES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt023132575
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS A SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE ORGANIZATIONS TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PROVIDE ACCOUNTING AND DISCLOSURE GUIDANCE ABOUT POSITIONS TAKEN BY AN ENTITY IN ITS TAX RETURNS THAT MIGHT BE UNCERTAIN. THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND MANAGEMENT HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. PENALTIES AND INTEREST ASSESSED BY INCOME TAXING AUTHORITIES, IF ANY, WOULD BE INCLUDED IN INCOME TAX EXPENSE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0148896
IRS990ScheduleD/TotalExpensesPerForm990Amt023651770
IRS990ScheduleD/TotalLiabilityAmt0385318
IRS990ScheduleD/TotalRevenuePerForm990Amt023132575
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt023132575
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt023651770
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0LAFAYETTE ACADEMY, ESPERANZA SCHOOL, AND FOUNDATION PREPARATORY ARE PULIC CHARTER SCHOOLS AND AS SUCH ABIDES BY THE NONDISCRIMINATION POLICY ADOPTED BY THE LOUISIANA DEPARTMENT OF EDUCATION BY PUBLICIZING ITS RACIALLY NONDISCRIMINATORY POLICY DURING THE REGISTRATION PERIOD THROUGH PRINT AND RADIO ADVERTISEMENTS TO MAKE THE POLICY KNOWN TO ALL PARTS OF THE GENERAL COMMUNITY.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE UNITED STATES DEPARTMENT OF EDUCATION AWARDED A GRANT TO LOUISIANA DEPARTMENT OF EDUCATION, WHICH WAS AWARDED TO THE SCHOOL AS A SUBRECIPIENT, TO HELP ENSURE THAT ALL CHILDREN MEET CHALLENGING STATE ACADEMIC STANDARDS, TO SUPPORT THE PLANNING, DEVELOPMENT AND INITIAL IMPLEMENTATION OF CHARTER SCHOOL, TO ASSIST IN PROVIDING FREE APPROPRIATE PUBLIC EDUCATION TO ALL CHILDREN WITH DISABILITIES AND TO INCREASE STUDENT ACADEMIC ACHIEVEMENT THROUGH STRATEGIES SUCH AS IMPROVING TEACHER AND PRINCIPAL QUALITY AND INCREASING THE NUMBER OF HIGHLY QUALIFIED TEACHERS, PRINCIPALS, AND ASSISTANT PRINCIPALS. THE UNITED STATES DEPARTMENT OF AGRICULTURE AWARDED A GRANT UNDER THE NATIONAL SCHOOL LUNCH PROGRAM. THE STATE OF LOUISIANA PROVIDES FUNDING WHICH IS DETERMINED ON AN ANNUAL BASIS BASED ON THE NUMBER OF PUPILS ENROLLED IN THE SCHOOL AS OF OCTOBER 1ST. THIS STATE FUNDED, PER PUPIL ALLOCATION, IS BASED ON THE MOST RECENTLY APPROVED MINIMUM FOUNDATION PROGRAM FORMULA RESOLUTION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6

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