Pelican Educational Foundation INC FY2022 filing

Tax-deductible

Baton Rouge, LA501(c)(3)Since 2005EducationEIN 20-3801713

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To prepare students for academic success while developing them into mindful and responsible individuals.

501(c)(3) charity; gifts are tax-deductible.
66¢ of each $1 spent went to programs.
$103K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $748K a year · 9% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
66%
of spending
Fine: 66% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$103K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 4.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $11
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$733K
19% of total assets
Looks good: liabilities are 19% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.6M
+21% vs prior year
Spent
$6.8M
To programs
66%
Net assets
$3.1M
By yearFY2020–FY2024
Revenue
$7.6M
FY2022▲ +21%
Revenue by fiscal year
FY2020$5.8M
FY2021$6.3M
FY2022$7.6M
FY2023$8.1M
FY2024$14.6M
FY2024$12.0M
Expenses
$6.8M
FY2022▲ +25%
Expenses by fiscal year
FY2020$5.4M
FY2021$5.5M
FY2022$6.8M
FY2023$7.5M
FY2024$13.4M
FY2024$12.1M
Net assets
$3.1M
FY2022▲ +32%
Net assets by fiscal year
FY2020$1.5M
FY2021$2.3M
FY2022$3.1M
FY2023$3.6M
FY2024$4.9M
FY2024$4.8M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

66 cents of each dollar spent went to programs.

Program services 66% · $4.5M Management & general 34% · $2.3M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990; $103K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Executive Director
$103,475Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Hasan Suzuk’s $113K as Executive Director is at the 5th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Hasan Suzuk$112,840$105,996$100,787$103,475$103,750$100,500

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Equips students with skills for academic success, broad options, and responsible citizenship.

Provided by the organization

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1 program service account for $4.5M of program spending, described in the organization's own filed words · FY2021.
01

To serve eligible students in orleans and east baton rouge parishes. Approximately 400 students attended kenilworth science and technology charter school during the 2021-2022 school year.

$4.5Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$11

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$7.6M
Ln 12
Gifts and grantsLn 1h$7.6M
Other incomeLn 4–11$11K
Investment incomeLn 3$57
Money outPt IX
$6.8M
Ln 25
Programscol B$4.5M
Managementcol C$2.3M
Owns and owesPt X
$3.1M
net assets · Ln 32
Cash and savingsLn 1–2$2.7M
Total assetsLn 16$3.8M
LiabilitiesLn 26$733K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$7.6M
Government grantsLn 1e$7.5M
Noncash giftsLn 1g$22K
Investment incomeLn 3$57
Other incomeLn 4–11$11K
Total revenueLn 12$7.6M
Assets in detailPt X, end of year
CashLn 1$2.6M
SavingsLn 2$49K
Cash and savings togetherLn 1–2$2.7M
Land, buildings, equipmentLn 10c$29K
Total assetsLn 16$3.8M
LiabilitiesLn 26$733K
Net assetsLn 32$3.1M
OperationsPt I, VI
EmployeesI 5102
VolunteersI 69
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$2.2M$2.7M
Land, buildings, equipmentLn 10c$147K$29K
Total assetsLn 16$3.0M$3.8M
LiabilitiesLn 26$658K$733K
Net assetsLn 32$2.3M$3.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$3.7M$2.7M$1.0M
Management feesLn 11a$10K$10K
Legal feesLn 11b$119K$119K
Other fees for servicesLn 11g$1.8M$957K$820K
Advertising and promotionLn 12$162K$162K
Office expensesLn 13$426K$399K$28K
OccupancyLn 16$336K$291K$45K
TravelLn 17$21K$21K
Depreciation, depletion and amortizationLn 22$119K$113K$6K
InsuranceLn 23$70K$67K$4K
Other expenses (24a–d)Ln 24$108K$108K
Total functional expensesLn 25$6.8M$4.5M$2.3M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $14.6M$13.4M$1.2M$4.9M 990 PDF
FY2023 $8.1M$7.5M$569K$3.6M 990 PDF
FY2022 Viewing $7.6M$6.8M$751K$3.1M 990 PDF
FY2021 $6.3M$5.5M$804K$2.3M 990 PDF
FY2020 $5.8M$5.4M$392K$1.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $7,570,315 across 6 lines filed
Lines not itemized here account for $57 of total revenue; see the IRS return.
VIII-1e Government grants$7,525,423
VIII-1f All other contributions, gifts and grants$33,488
VIII-1g Noncash contributions (included above)$22,438
VIII-1h Total contributions, gifts and grants$7,558,911
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $11,347$11,347
VIII-12 Total revenueRelated to mission $11,347 · Unrelated business $0 · Excluded from tax $57$7,570,315
Part IX · Statement of functional expenses $6,819,248 across 11 lines filed
IX-7 Other salaries and wagesPrograms $2,662,914 · Management $1,008,260$3,671,174
IX-11a Management feesManagement $10,000$10,000
IX-11b Legal feesManagement $119,149$119,149
IX-11g Other fees for servicesPrograms $956,798 · Management $820,405$1,777,203
IX-12 Advertising and promotionManagement $161,612$161,612
IX-13 Office expensesPrograms $398,580 · Management $27,665$426,245
IX-16 OccupancyPrograms $291,026 · Management $44,655$335,681
IX-17 TravelManagement $21,083$21,083
IX-22 Depreciation, depletion and amortizationPrograms $112,630 · Management $5,945$118,575
IX-23 InsurancePrograms $66,787 · Management $3,525$70,312
IX-24 Other expenses (24a–d)Management $108,214$108,214
IX-25 Total functional expensesPrograms $4,488,735 · Management $2,330,513 · Fundraising $0$6,819,248
Part X · Balance sheet $3,812,365 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $2,129,815$2,613,383
X-2 Savings and temporary cash investmentsStart of year $31,090$48,596
X-3 Pledges and grants receivableStart of year $678,170$1,121,641
X-10c Land, buildings and equipment, netStart of year $147,320$28,745
X-16 Total assetsStart of year $2,986,395$3,812,365
X-17 Accounts payable and accrued expensesStart of year $658,048$732,951
X-26 Total liabilitiesStart of year $658,048$732,951
X-27 Net assets without donor restrictionsStart of year $2,219,789$2,941,392
X-28 Net assets with donor restrictionsStart of year $108,558$138,022
X-32 Total net assets or fund balancesStart of year $2,328,347$3,079,414
X-33 Total liabilities and net assetsStart of year $2,986,395$3,812,365
Part XI · Reconciliation of net assets $3,079,414 net assets at year end
XI-1 Total revenue$7,570,315
XI-2 Total expenses$6,819,248
XI-3 Revenue less expenses$751,067
XI-4 Net assets at start of year$2,328,347
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,079,414

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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