Louisiana Key Academy
- Assets
- $5.1m
- Revenue
- $8.7m
- Investments
- $0.0
- Employees
- 125
- Location
- Baton Rouge, LA
- Founding
- 01/2013
- Data as of
- 06/2022
- EIN
- 45-5616292
Organization Overview
Louisiana Key Academy is located in Baton Rouge, LA. The organization was established in 2013. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Louisiana Key Academy employed 125 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louisiana Key Academy 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 06/2022, Louisiana Key Academy generated $8.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.5% each year . All expenses for the organization totaled $7.2m during the year ending 06/2022. While expenses have increased by 17.7% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
LKA IS A MODEL AND RESOURCE FOR THE COMMUNITY TO UNDERSTAND WHAT DYSLEXIA IS AND HOW COMMON IT IS SO THAT CHILDREN ARE IDENTIFIED AT AN EARLY AGE AND GIVEN THE APPROPRIATE REMEDIATION. LKA OPERATES A CHARTER SCHOOL WITH EMPHASIS ON TEACHING CHILDREN WITH DYSLEXIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LKA IS A MODEL AND RESOURCE FOR THE COMMUNITY TO UNDERSTAND WHAT DYSLEXIA IS AND HOW COMMON IT IS SO THAT CHILDREN ARE IDENTIFIED AT AN EARLY AGE AND GIVEN THE APPROPRIATE REMEDIATION. LKA OPERATES A CHARTER SCHOOL FOR CHILDREN WITH DYSLEXIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Bourgeois Principal | Officer | 40 | $95,298 |
Ralph Stephens JD CPA Treasurer | OfficerTrustee | 1 | $0 |
Laura Cassidy MD President | OfficerTrustee | 3 | $0 |
Judy David MA Ccc-Slp Secretary | OfficerTrustee | 1 | $0 |
Ryan Gisclair Director | Trustee | 1 | $0 |
Renee Marioneaux Keller Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,475,131 |
| All other contributions, gifts, grants, and similar amounts not included above | $548,006 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,023,137 |
| Total Program Service Revenue | $583,676 |
| Investment income | $147 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $47,383 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,654,343 |
| 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. | $116,918 |
| Compensation of current officers, directors, key employees. | $18,483 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,778,428 |
| Pension plan accruals and contributions | $103,891 |
| Other employee benefits | $0 |
| Payroll taxes | $319,924 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,802 |
| Fees for services: Accounting | $32,570 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $554,960 |
| Advertising and promotion | $12,335 |
| Office expenses | $157,789 |
| Information technology | $45,360 |
| Royalties | $0 |
| Occupancy | $613,388 |
| Travel | $354 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $60,198 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $441,407 |
| Insurance | $414,952 |
| All other expenses | $0 |
| Total functional expenses | $7,232,166 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,212,396 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $275,681 |
| Accounts receivable, net | $94,985 |
| 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 | $34,156 |
| Net Land, buildings, and equipment | $3,503,837 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,121,055 |
| Accounts payable and accrued expenses | $267,386 |
| 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 | $361,172 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $402 |
| Total liabilities | $628,960 |
| Net assets without donor restrictions | $4,308,602 |
| Net assets with donor restrictions | $183,493 |
| 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 | $5,121,055 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Louisiana Key Academy has recieved totaling $385,846.
| Awarding Organization | Amount |
|---|---|
Center For Education Reform Washington, DC PURPOSE: SUPPORT BEST IN CLASS EDUCATION PROVIDERS | $250,000 |
Charles Lamar Family Foundation Baton Rouge, LA PURPOSE: CHARITABLE - CAPITAL CAMPAIGN PLEDGE INSTALLMENT - EXPANSION OF SCHOOL'S FACILITY | $100,000 |
Irene W And C B Pennington Foundation Baton Rouge, LA PURPOSE: PERFORMING ARTS STAGE | $25,000 |
The Edward L Rispone Family Foundation Baton Rouge, LA PURPOSE: TO PROVIDE FUNDS TO SUPPORT SERVING THE COMMUNITY AT LARGE, TO EDUCATE AND REMEDIATE CHILDREN WITH DYSLEXIA IN AN EVIDENCE BASED CURRICULUM AND TO STAND AS AN EXCELLENT MODEL AND RESOURCE FOR OTHER SCHOOLS AND COMMUNITIES | $5,000 |
Ronnie & Gwen Briggs Foundation Abita Springs, LA PURPOSE: SUPPORT | $5,000 |
Shell Oil Company Foundation Houston, TX PURPOSE: MEF | $764 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lighthouse Academies Of Arkansas Inc North Little Rock, AR | $582,799 | $18,301,867 |
New Beginnings School Foundation New Orleans, LA | $1,802,768 | $18,016,749 |
Hynes Charter School Corporation New Orleans, LA | $8,219,375 | $19,932,415 |
Legacy21 Inc Mesquite, TX | $40,270,776 | $19,212,915 |
International Academy Williamson County Round Rock, TX | $33,542,303 | $17,313,740 |
South Louisiana Charter Foundation Inc Baton Rouge, LA | $21,098,630 | $17,110,169 |
Morris Jeff Community School New Orleans, LA | $5,535,424 | $16,539,603 |
Young Audiences Charter Association Gretna, LA | $6,537,878 | $17,122,666 |
New Orleans Military And Maritime Academy Inc New Orleans, LA | $24,580,982 | $15,429,354 |
Shreveport Charter Schools Inc Shreveport, LA | $6,808,149 | $15,366,489 |
Warren Easton Sr High School Foundation Inc New Orleans, LA | $11,574,185 | $12,571,642 |
The Friends Of King School New Orleans, LA | $5,901,929 | $9,680,665 |