Lake Forest Elementary Charter School

Tax-deductible

New Orleans, LA501(c)(3)Since 2006EducationEIN 20-4731962Revenue $10.2M in FY2024

On file with the IRSlakeforestcharter.org11110 Lake Forest Blvd, 70128-2705 · New Orleans, LATax-exempt since Oct 2006School — 170(b)(1)(A)(ii)

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To provide a nurturing environment, which facilitates maximum student achievement through a rigorous, accelerated academic program incorporating visual, cultural and creative arts, which will ultimately enhance each student's ability to become (cont'd on sch. O) a global, contributing citizen.

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
Run by 400 volunteers and 119 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
2 of 5
filings with a surplus
Average surplus $149K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$496K
to officers and key staff · 5% of spending
Top officer’s pay higher than 51% of similar orgs
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 8.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $25K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$163K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$10.2M
-5% vs prior year
Spent
$10.2M
To programs
70%
Net assets
$7.5M
By yearFY2020–FY2024
Revenue
$10.2M
FY2024▼ -5%
Tap a bar for its year
Revenue by fiscal year
FY2020$7.6M
FY2021$8.4M
FY2022$8.1M
FY2023$8.4M
FY2024$10.7M
FY2024$10.2M
Expenses
$10.2M
FY2024▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020$7.7M
FY2021$7.8M
FY2022$8.9M
FY2023$8.7M
FY2024$9.3M
FY2024$10.2M
Net assets
$7.5M
FY2024+0.03%
Tap a bar for its year
Net assets by fiscal year
FY2020$6.1M
FY2021$6.7M
FY2022$5.8M
FY2023$5.6M
FY2024$7.5M
FY2024$7.5M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

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

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

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $7.1M Management & general 30% · $3.1M

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

10 people listed on the 990; $496K paid to officers and key staff.

Part VII, Section A · reportable compensation
Founding CEO
$243,866Pt VII · Sec A
Executive Director School
$132,375Pt VII · Sec A
Director of Finance and Op
$119,617Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A

Mardele S Early’s $244K as Founding CEO is at the 51st 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 · 4 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Mardele S Early$243,866$207,253$200,201$199,645$199,352$198,856
Ryan Derousselle$132,375$120,082$119,036———
Robert M Bell IV————$116,426$121,353
Bernell St Cyr$119,617$113,982$112,668$111,740$111,567$111,269

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

Provides elementary education for students.

Provided by the organization

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1 program · $7.1M · in their own filed words · FY2024
01

Lake forest elementary charter school's primary program service is the education of students in kindergarten through eighth grade. Enrollment for 2024-2025 was 693. The school's focal point is high student achievement, by offering a program that includes research-based curriculum and data driven instruction.

$7.1Mprogram expense

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 · FY2024
Total grants receivedfrom 2 funders$25K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$10.2M
Ln 12
Gifts and grantsLn 1h$9.6M
Fees for servicesLn 2g$296K
Other incomeLn 4–11$161K
Money outPt IX
$10.2M
Ln 25
Programscol B$7.1M
Managementcol C$3.1M
Owns and owesPt X
$7.5M
net assets · Ln 32
Cash and savingsLn 1–2$6.8M
Total assetsLn 16$7.7M
LiabilitiesLn 26$163K
PeoplePt VI, VII
10
listed · VII A
PaidVII A3
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$9.6M
Government grantsLn 1e$9.4M
Fundraising eventsLn 1c$57K
Fees for servicesLn 2g$296K
Investment incomeLn 3$102K
Other incomeLn 4–11$161K
Total revenueLn 12$10.2M
Assets in detailPt X, end of year
CashLn 1$5.8M
SavingsLn 2$1.0M
Cash and savings togetherLn 1–2$6.8M
Land, buildings, equipmentLn 10c$698K
Total assetsLn 16$7.7M
LiabilitiesLn 26$163K
Net assetsLn 32$7.5M
OperationsPt I, VI
EmployeesI 5119
VolunteersI 6400
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$5.0M$6.8M
Land, buildings, equipmentLn 10c$726K$698K
Total assetsLn 16$7.7M$7.7M
LiabilitiesLn 26$211K$163K
Net assetsLn 32$7.5M$7.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$322K$322K
Other salaries and wagesLn 7$5.5M$4.4M$1.2M
Pension plan contributionsLn 8$1.1M$1.0M$21K
Other employee benefitsLn 9$583K$520K$64K
Payroll taxesLn 10$115K$70K$45K
Management feesLn 11a$200K$200K
Legal feesLn 11b$987$987
Accounting feesLn 11c$26K$26K
Other fees for servicesLn 11g$518K$75K$442K
Advertising and promotionLn 12$14K$14K
Information technologyLn 14$193K$193K
OccupancyLn 16$421K$151K$270K
TravelLn 17$19K$19K
Depreciation, depletion and amortizationLn 22$84K$84K
InsuranceLn 23$136K$50K$87K
Other expenses (24a–d)Ln 24$859K$706K$153K
All other expensesLn 24e$64K$14K$49K
Total functional expensesLn 25$10.2M$7.1M$3.1M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $10.7M$9.3M$1.5M$7.5M 990 PDF
FY2023 $8.4M$8.7M−$358K$5.6M 990 PDF
FY2022 $8.1M$8.9M−$864K$5.8M 990 PDF
FY2021 $8.4M$7.8M$643K$6.7M 990 PDF
FY2020 $7.6M$7.7M−$126K$6.1M 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 FY2024 990 (6 parts)
Part I · Summary $10,160,643 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $10,437,320$9,601,724
I-9 Program service revenuePrior year $263,903$296,274
I-10 Investment incomePrior year $43,581$101,522
I-11 Other revenuePrior year −$17,663$161,123
I-12 Total revenuePrior year $10,727,141$10,160,643
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $7,106,730$7,622,622
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,168,678$2,535,424
I-18 Total expensesPrior year $9,275,408$10,158,046
I-19 Revenue less expensesPrior year $1,451,733$2,597
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $10,160,643 across 9 lines filed
VIII-1c Fundraising events$57,052
VIII-1e Government grants$9,409,353
VIII-1f All other contributions, gifts and grants$135,319
VIII-1h Total contributions, gifts and grants$9,601,724
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $296,274$296,274
VIII-3 Investment incomeExcluded from tax $101,522$101,522
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $161,123$161,123
VIII-12 Total revenueRelated to mission $296,274 · Unrelated business $0 · Excluded from tax $262,645$10,160,643
Part IX · Statement of functional expenses $10,158,046 across 17 lines filed
IX-5 Pay of current officers, directors and key staffManagement $322,315$322,315
IX-7 Other salaries and wagesPrograms $4,379,684 · Management $1,168,138$5,547,822
IX-8 Pension plan contributionsPrograms $1,032,764 · Management $20,828$1,053,592
IX-9 Other employee benefitsPrograms $519,596 · Management $63,835$583,431
IX-10 Payroll taxesPrograms $70,369 · Management $45,093$115,462
IX-11a Management feesManagement $199,742$199,742
IX-11b Legal feesManagement $987$987
IX-11c Accounting feesManagement $26,500$26,500
IX-11g Other fees for servicesPrograms $75,302 · Management $442,447$517,749
IX-12 Advertising and promotionManagement $14,104$14,104
IX-14 Information technologyManagement $193,137$193,137
IX-16 OccupancyPrograms $151,145 · Management $269,598$420,743
IX-17 TravelManagement $19,423$19,423
IX-22 Depreciation, depletion and amortizationPrograms $84,418$84,418
IX-23 InsurancePrograms $49,624 · Management $86,521$136,145
IX-24 Other expenses (24a–d)Programs $705,672 · Management $153,196$858,868
IX-24e All other expensesPrograms $14,454 · Management $49,154$63,608
IX-25 Total functional expensesPrograms $7,083,028 · Management $3,075,018 · Fundraising $0$10,158,046
Part X · Balance sheet $7,668,479 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $2,517,186$5,770,761
X-2 Savings and temporary cash investmentsStart of year $2,521,250$1,042,588
X-3 Pledges and grants receivableStart of year $1,853,804$37,500
X-4 Accounts receivableStart of year $1,191$1,236
X-9 Prepaid expenses and deferred chargesStart of year $94,834$118,753
X-10c Land, buildings and equipment, netStart of year $726,108$697,641
X-16 Total assetsStart of year $7,714,373$7,668,479
X-17 Accounts payable and accrued expensesStart of year $98,259$96,814
X-19 Deferred revenueStart of year $112,856$65,810
X-26 Total liabilitiesStart of year $211,115$162,624
X-27 Net assets without donor restrictionsStart of year $7,420,838$7,472,220
X-28 Net assets with donor restrictionsStart of year $82,420$33,635
X-32 Total net assets or fund balancesStart of year $7,503,258$7,505,855
X-33 Total liabilities and net assetsStart of year $7,714,373$7,668,479
Part XI · Reconciliation of net assets $7,505,855 net assets at year end
XI-1 Total revenue$10,160,643
XI-2 Total expenses$10,158,046
XI-3 Revenue less expenses$2,597
XI-4 Net assets at start of year$7,503,258
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$7,505,855

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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