Lafayette Charter Foundation Inc
81% goes to programs $0 to raise $100 Thin reserves Growing revenue
Lafayette Charter Foundation Inc is a 501(c)(3) organization based in Lafayette, Louisiana, registered in 2014, with $61,651,832 in FY2023 revenue. CharityIndex grades it C+, and it directs about 81% of spending to programs.
220 Heymann Blvd, Lafayette, LA, 70503 EIN 46-1200082 Since 2014
Revenue (FY2023)
$61.7M
▲ 40.9% vs prior year
Education median: $200K
Expenses (FY2023)
$62.8M
Net assets
-$6.5M
Employees
561
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
C+Program efficiency40% of the rating81% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Lafayette Charter Foundation Inc: 81% to programs · $0 to raise $100 earns a C+ on this criterion. See the exact thresholds →
DFinancial health25% of the rating0 mo reserves · -2% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Lafayette Charter Foundation Inc: 0 mo reserves · -2% margin earns a D on this criterion. See the exact thresholds →
BGovernance25% of the rating4 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Lafayette Charter Foundation Inc: 4 of 6 checks met earns a B on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Lafayette Charter Foundation Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
This nonprofit corporation is organized exclusively for educational purposes. the foundation is comprised of respected leaders in the state of louisiana that are committed to providing high quality educational options for the students and families of louisiana.
What they do
The lafayette programs/activities include general education for the instruction of students, transportation including bus services for students and administration.
Contact & location
- Address
- 220 Heymann Blvd, Lafayette, LA, 70503
- City
- Lafayette
- State
- Louisiana
- Category
- Education
- Subcategory
- Elementary & Secondary Schools
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $16.9M (FY2016) to $61.7M (FY2023) across 8 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $105.1MNet assets -$6.5M
Operating margin
-1.9%
Spent more than it raised in the latest fiscal year.
Total assets
$98.6M
Total liabilities
$105.1M
Net assets
-$6.5M
Salaries & benefits
$24.7M
39% of expenses
Board members
8
8 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $61,651,832▲40.9% | $62,793,512▲44.8% | -$6,500,210▼21.3% | $98,582,572▲30.8% | 990 |
| 2022 | $43,747,874▲28.9% | $43,379,254▲28.2% | -$5,358,530▼47.1% | $75,344,341▲73.7% | 990 |
| 2021 | $33,949,865▲25.3% | $33,845,796▲29.8% | -$3,642,936▲2.8% | $43,368,888▲30.2% | 990 |
| 2020 | $27,089,084▲32.7% | $26,084,470▲26.7% | -$3,747,006▲21.1% | $33,304,298▲52.2% | 990 |
| 2019 | $20,406,420▲5.7% | $20,594,732▲0.9% | -$4,751,620▼4.1% | $21,881,388▼0.6% | 990 |
| 2018 | $19,306,048▲4.8% | $20,419,462▲6.4% | -$4,563,308▼32.3% | $22,002,537▼8.5% | 990 |
| 2017 | $18,414,109▲9.0% | $19,200,061▲4.7% | -$3,449,894▼29.5% | $24,056,791▼5.5% | 990 |
| 2016 | $16,888,998 | $18,333,606 | -$2,663,942 | $25,455,267 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Ronnie Harrison — $133,854 (0.21% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Ronnie Harrison | Head of School | 40 | $133,854 |
| Kimberly Lemire | Head of School | 40 | $131,375 |
| Clovis Benoit III | Fellow Principal | 40 | $128,031 |
| Lyndelle Theriot | Principal | 40 | $119,416 |
| Dr Mary Louella Riggs-cook | President | 1 | — |
| Dr Nancy Gomez | Trustee | 1 | — |
| Erica Williams | Vice President | 1 | — |
| Jared Labue | Secretary | 1 | — |
| Karen Miller Lewis | Treasurer | 1 | — |
| Kim Vavasseur | Trustee | 1 | — |
| Murugan Ambalakannu | Trustee | 1 | — |
| Nick Pugh | Trustee | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Ds Bus South LLC | Student Transportation | $4,260,021 |
| Elior Inca' Viands LLC | Student Meal Plan | $880,371 |
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Compare Lafayette Charter Foundation Inc
Frequently asked questions
- Is Lafayette Charter Foundation Inc a legitimate nonprofit?
- Yes. Lafayette Charter Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 46-1200082, based in Lafayette, Louisiana. Donations are tax-deductible.
- What is Lafayette Charter Foundation Inc's EIN?
- Lafayette Charter Foundation Inc's Employer Identification Number (EIN) is 46-1200082.
- How much revenue does Lafayette Charter Foundation Inc report?
- Lafayette Charter Foundation Inc reported $61,651,832 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Lafayette Charter Foundation Inc's spending goes to programs?
- Lafayette Charter Foundation Inc spends about 81% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Lafayette Charter Foundation Inc have?
- CharityIndex grades Lafayette Charter Foundation Inc C+, based on program efficiency and fundraising cost.
- How much does Lafayette Charter Foundation Inc's highest-paid employee make?
- The highest reported compensation on Lafayette Charter Foundation Inc's latest Form 990 is $133,854, paid to Ronnie Harrison (Head of School).
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Explore more
Data for Lafayette Charter Foundation Inc (EIN 46-1200082) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.