Civic Intelligence

Friends of Basis Louisiana

EIN 85-1717382 • 501(c)3 • Scottsdale, AZ

Profile

The mission of Friends of BASIS Louisiana is to support the development and operations of BASIS Charter Schools in Louisiana

7575 N Hayden Rd C240Scottsdale, AZ 85258

n/A

Siviq Scores

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

Liabilities / Assets

94th percentile

1.01x

Higher debt load relative to assets than 94% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

98th percentile

17.22x

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

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

7th percentile

-36%

Higher net margin than 7% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

9th percentile

$0

Higher top officer pay than 9% of similar nonprofits.

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

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

15th percentile

-4.5%

Faster asset growth than 15% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

76th percentile

26%

Faster revenue growth than 76% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Down

$40,693,947

Down $1,938,282 (-4.5%) from 2023

Liabilities

Down

$40,988,440

Down $1,141,395 (-2.7%) from 2023

Net Assets

Down

-$294,493

Down $796,887 (-159%) from 2023

Revenue

Up

$2,380,686

Up $488,317 (+26%) from 2023

Expenses

Up

$3,248,657

Up $1,262,546 (+64%) from 2023

Net Income

Down

-$867,971

Down $774,229 (-826%) from 2023

Trend Graphs

Balance Sheet Trend

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

$60M$40M$20M$0-$20MAssets 2021: $10,528,944Liabilities 2021: $9,285,793Net Assets 2021: $1,243,1512021Assets 2022: $42,108,995Liabilities 2022: $41,475,471Net Assets 2022: $633,5242022Assets 2023: $42,632,229Liabilities 2023: $42,129,835Net Assets 2023: $502,3942023Assets 2024: $40,693,947Liabilities 2024: $40,988,440Net Assets 2024: -$294,4932024

Highlighted filing

2024

Assets$40,693,947
Liabilities$40,988,440
Net Assets-$294,493

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2021: $1,250,700Expenses 2021: $7,549Net Income 2021: $1,243,1512021Revenue 2022: $1,076,036Expenses 2022: $1,403,121Net Income 2022: -$327,0852022Revenue 2023: $1,892,369Expenses 2023: $1,986,111Net Income 2023: -$93,7422023Revenue 2024: $2,380,686Expenses 2024: $3,248,657Net Income 2024: -$867,9712024

Highlighted filing

2024

Revenue$2,380,686
Expenses$3,248,657
Net Income-$867,971

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
$2,380,686
Mission and Program Overview

Mission

The mission of friends of basis louisiana is to support the development and operations of basis charter schools louisiana.

The mission of Friends of BASIS Louisiana is to support the development and operations of BASIS Charter Schools in Louisiana

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$25,391,263$35,315,320▲ $9,924,057
Savings and Temporary Cash Investments$4,317,996$2,913,830▼ $1,404,166
Investments in Publicly Traded Securities$2,134,004$2,292,150▲ $158,146
Cash and Non-Interest-Bearing Accounts$269,477$110,428▼ $159,049
Accounts Receivable$210,816$44,386▼ $166,430
Prepaid Expenses and Deferred Charges-$17,833-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$42,632,229$40,693,947▼ $1,938,282
Other Assets Total$10,308,673$0▼ $10,308,673
Liabilities
Tax Exempt Bond Liabilities$40,879,829$40,761,262▼ $118,567
Accounts Payable and Accrued Expenses$1,250,006$227,163▼ $1,022,843
Other Liabilities-$15-
Total Liabilities$42,129,835$40,988,440▼ $1,141,395
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$502,394$-294,493▼ $796,887
Total Net Assets Fund Balance$502,394$-294,493▼ $796,887
Total Liabilities and Net Assets / Fund Balance$42,632,229$40,693,947▼ $1,938,282

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$32,416,545$1,832,296$34,248,841
Land$2,553,444-$2,553,444
Equipment$193,504$505,709$699,213
Leasehold Improvements$151,827$31,884$183,711
Compensation and Service Providers

Board Members and Trustees

NameTitle
Breanna LambPresident/Treas
Casey AndersonDirector
Donald CarsonDirector
Jason HughesDirector
Deanna RoweExecutive Director
Liz SmithSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Buquet & LeBlanc IncContractorPO Box 549, Baton Rouge, LA 70821$5,503,114
Chermack Consulting Group LLCProject Management7373 E Doubltree Rance Rd Suite 2, Scottsdale, AZ 85258$129,225
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$231,211
Other Revenue
$2,149,475
Change in Net Assets
$-867,971
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,998,657
Grants and Similar Amounts Paid$250,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$1,556,345--$1,556,345
Depreciation Depletion$1,328,846--$1,328,846
Grants to Domestic Orgs$250,000--$250,000
Fees for Services Accounting-$2,750-$2,750
Other Expenses$2,195$5,259-$2,195
All Other Expenses-$78-$78
Total Functional Expenses$3,240,570$8,087$0$3,248,657
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
BBR SchoolsBaton Rouge, LA501(c)(3)General support$250,000
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to BCSI$15

Bond Issues

BondIssuerIssuedIssue PricePurpose
ALouisiana Public Facs2021-12-07$41,550,000Purch, renovate, expand campus

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$42,816,655$13,913,200-$1,340,256

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Basis educational group is the management company which oversees all of our management duties

Form 990, Part VI, Section B, Line 11B

The executive director reviews the draft form 990 as prepared by the auditors and provides it to the full board of directors for review. Once comments have been received, and appropriately incorporated, the 990 tax return is executed by the executive director

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

Board members complete a conflict of interest disclosure form identifying any relationships or circumstances which the board member believes could contribute to a conflict of interest. The disclosures are collected and used to monitor and enforce compliance. Enforcement is further monitored through the organization's internal controls.

Form 990, Part VI, Section C, Line 19

All governing documents and public board minutes and policies (including coi) are available for inspection upon request.

Filing and Contact Details

Filer

Filer Name
Friends of BASIS Louisiana
EIN
85-1717382
Phone
2253087450
Address
7575 N Hayden Rd C240, Scottsdale, AZ 85258

Signing Officer

Name
Deanna Rowe
Title
Executive Director
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Deanna Rowe
Formed
2020
Legal Domicile
La
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Daigrepont & Brian a Prof Acct Corp
Address
910 S ACADIAN THRUWAY, BATON ROUGE, LA 70806
Preparer
John M Goodwin CPA
Phone
2259273760
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 6

The volunteers are board members that oversee the operations of the corporation.

Financial Statement Notes

Part X : FIN48 Footnote

BBR accounts for income taxes in accordance with FASB ASC 740-10, Accounting for Uncertainty in Income Taxes . Management believes it has no material uncertain tax positions and, accordingly has not recognized a liability for any unrecognized tax benefits.

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IRS990ScheduleA/OtherSupportSumAmt00
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IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0820632126
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IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0BBR Schools Inc
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
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IRS990ScheduleD/BuildingsGrp/BookValueAmt032416545
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01832296
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt034248841
IRS990ScheduleD/EquipmentGrp/BookValueAmt0193504
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0505709
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0699213
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt02553444
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02553444
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0151827
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt031884
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0183711
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt015
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Due to BCSI
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BBR accounts for income taxes in accordance with FASB ASC 740-10, Accounting for Uncertainty in Income Taxes . Management believes it has no material uncertain tax positions and, accordingly has not recognized a liability for any unrecognized tax benefits.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt035315320
IRS990ScheduleD/TotalLiabilityAmt015
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0250000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0General support
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0BBR Schools
IRS990ScheduleI/RecipientTable/RecipientEIN0820632126
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt07550 McCall Dr
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Baton Rouge
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0LA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd070817
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IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt0Purpose of Issue Description: 2021 Louisiana public facilities purchase, renovate and expand BBR school campuses and payment of certain issue costs related to the bond.Part II Line 3: The total on Part II Line 3 differ from the issue price in Part I column (e) due to an original issue premium of $1,266,655
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0Part VI
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IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd0false
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02021-12-07
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum0546399NG7
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt041550000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0Louisiana Public Facs
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0Purch, renovate, expand campus
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IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd0false
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IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt02274463
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt01340256
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BASIS EDUCATIONAL GROUP IS THE MANAGEMENT COMPANY WHICH OVERSEES ALL OF OUR MANAGEMENT DUTIES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE EXECUTIVE DIRECTOR REVIEWS THE DRAFT FORM 990 AS PREPARED BY THE AUDITORS AND PROVIDES IT TO THE FULL BOARD OF DIRECTORS FOR REVIEW. ONCE COMMENTS HAVE BEEN RECEIVED, AND APPROPRIATELY INCORPORATED, THE 990 TAX RETURN IS EXECUTED BY THE EXECUTIVE DIRECTOR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS OR CIRCUMSTANCES WHICH THE BOARD MEMBER BELIEVES COULD CONTRIBUTE TO A CONFLICT OF INTEREST. THE DISCLOSURES ARE COLLECTED AND USED TO MONITOR AND ENFORCE COMPLIANCE. ENFORCEMENT IS FURTHER MONITORED THROUGH THE ORGANIZATION'S INTERNAL CONTROLS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL GOVERNING DOCUMENTS AND PUBLIC BOARD MINUTES AND POLICIES (INCLUDING COI) ARE AVAILABLE FOR INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE VOLUNTEERS ARE BOARD MEMBERS THAT OVERSEE THE OPERATIONS OF THE CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 3
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 C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART I, LINE 6
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false

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