Shreveport Charter Schools Inc
- Assets
- $9.8m
- Revenue
- $18.0m
- Investments
- $0.0
- Employees
- 205
- Location
- Shreveport, LA
- Founding
- 09/2010
- Data as of
- 06/2023
- EIN
- 26-4132657
Organization Overview
Shreveport Charter Schools Inc is located in Shreveport, LA. The organization was established in 2010. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2023, Shreveport Charter Schools Inc employed 205 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shreveport Charter Schools Inc 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 06/2023, Shreveport Charter Schools Inc generated $18.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $16.9m during the year ending 06/2023. While expenses have increased by 11.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE TOP QUALITY EDUCATION TO A HIGHLY DIVERSE STUDENT BODY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PREPARE STUDENTS FOR COLLEGE, EQUIP STUDENTS WITH DESIRE FOR LIFELONG LEARNING, AND STRENGTHEN THEIR CIVIC, ETHICAL, AND MORAL VALUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gard Wayt President | OfficerTrustee | 2 | $0 |
Travis H Morehart Treasurer | OfficerTrustee | 2 | $0 |
Dr Kerry Laster Board Member | Trustee | 2 | $0 |
Lauren Marchive Board Member | Trustee | 2 | $0 |
Mildred Toliver Board Member | Trustee | 2 | $0 |
Cynthia Franklin Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bch Services Group | 6/29/20 | $805,494 |
4th Sector Solutions Inc | 6/29/20 | $225,738 |
Sla Management | 6/29/20 | $592,022 |
Caddo Parish School Board | 6/29/20 | $287,549 |
Edusolve Consultants Llc | 6/29/20 | $108,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $17,836,520 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,836,520 |
| Total Program Service Revenue | $0 |
| Investment income | $3,795 |
| 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 | $18,006,438 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,660,965 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,174,283 |
| Payroll taxes | $732,865 |
| Fees for services: Management | $255,396 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $918,840 |
| Advertising and promotion | $109,256 |
| Office expenses | $31,071 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $301,990 |
| Travel | $240,819 |
| 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 | $434,930 |
| Insurance | $324,208 |
| All other expenses | $275,787 |
| Total functional expenses | $16,942,423 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,129,137 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,258,813 |
| 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 | $112,483 |
| Net Land, buildings, and equipment | $2,303,101 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,803,534 |
| Accounts payable and accrued expenses | $1,249,604 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,249,604 |
| Net assets without donor restrictions | $8,553,930 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,803,534 |