Choice Foundation A Non-Profit Corporation
- Assets
- $2.3m
- Revenue
- $12.3k
- Investments
- $0.0
- Employees
- 8
- Location
- New Orleans, LA
- Founding
- 05/2007
- Data as of
- 06/2021
- EIN
- 20-2024597
Organization Overview
Choice Foundation A Non-Profit Corporation, operating under the name Lafayette Academy Charter School, is located in New Orleans, LA. The organization was established in 2007. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Lafayette Academy Charter School employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lafayette Academy Charter School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Lafayette Academy Charter School generated $12.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (65.9%) each year. All expenses for the organization totaled $248.6k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT PUBLIC EDUCATION INITIATIVES THAT SERVE ALL CHILDREN HOLISTICALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPED A NEW MISSION WHICH IS TO SUPPORT PUBLIC EDUCATION INITIATIVES THAT SERVE ALL CHILDREN HOLISTICALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Fulton Executive Director | Officer | 40 | $50,000 |
James Swanson General Member | Trustee | 5 | $0 |
Hans Jonassen General Board Member | Trustee | 5 | $0 |
Anthony Carter Boar Chair | Trustee | 5 | $0 |
Wendy Lodrig Vice Chair | Trustee | 5 | $0 |
Kate Werner General Member | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Honor's Transportation Llc Transportation | 6/29/20 | $630,470 |
Hammond's Transportation Llc Transportation | 6/29/20 | $697,912 |
Sla Management Food Services | 6/29/20 | $623,730 |
Wr Transport Llc Transportation | 6/29/20 | $475,685 |
Hermanos Rivera Construction Llc Construction | 6/29/20 | $331,160 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,321 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,321 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $82,277 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,298 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,995 |
| Fees for services: Accounting | $38,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $39,978 |
| Advertising and promotion | $90 |
| Office expenses | $10,001 |
| Information technology | $38,352 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,614 |
| All other expenses | $0 |
| Total functional expenses | $248,605 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,279,912 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,279,912 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $2,561,201 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,561,201 |
| Net assets without donor restrictions | -$281,289 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | -$281,289 |