Lake Forest Elementary Charter School FY2020 filing

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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.
80¢ of each $1 spent went to programs.
$431K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $125K a year · 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$431K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
10 mo
of spending, in cash
Looks good: 9.8 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
$1.2M
17% of total assets
Looks good: liabilities are 17% 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
$7.6M
Spent
$7.7M
To programs
80%
Net assets
$6.1M
By yearFY2020–FY2025
Revenue
$7.6M
FY2020
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
FY2025$10.2M
Expenses
$7.7M
FY2020
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
FY2025$10.2M
Net assets
$6.1M
FY2020
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
FY2025$7.5M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2006.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $6.2M Management & general 20% · $1.6M

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; $431K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Founding CEO
$198,856Pt VII · Sec A
$121,353Pt VII · Sec A
Director of Finance and Op
$111,269Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$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

NameFY2025FY2024FY2023FY2022FY2021FY2020
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.

See Lake Forest Elementary Charter School executive salaries →

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.

Questions for Lake Forest Elementary Charter School

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1 program · $6.2M · in their own filed words · FY2019
01

Lake forest elementary charter school's primary program service is the education of students in kindergarten through eighth grade. Enrollment for 2019-2020 was 660. The school's focal point is high student achievement, by offering a program that includes research-based curriculum and data driven instruction.

$6.2Mprogram 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

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Jun 2025 · $783K federal money spent
National School Lunch ProgramDepartment of Agriculture · ALN 10.555 · Through Louisiana Department of Education$311K
Title I Grants to Local Educational AgenciesDepartment of Education · ALN 84.010 · Through Louisiana Department of Education$183K
Education Stabilization FundDepartment of Education · ALN 84.425 · Through Louisiana Department of Education$133K
Special Education_grants to StatesDepartment of Education · ALN 84.027 · Through Louisiana Department of Education$79K
Improving Teacher Quality State GrantsDepartment of Education · ALN 84.367 · Through Louisiana Department of Education$59K

Plus 2 smaller programs.

The auditor reported no findings.

Year ending Jun 2024 · $2.7M federal money spent
Education Stabilization FundDepartment of Education · ALN 84.425 · Through Louisiana Department of Education$1.8M
Title I Grants to Local Educational AgenciesDepartment of Education · ALN 84.010 · Through Louisiana Department of Education$343K
National School Lunch ProgramDepartment of Agriculture · ALN 10.555 · Through Louisiana Department of Education$327K
Special Education_grants to StatesDepartment of Education · ALN 84.027 · Through Louisiana Department of Education$136K
Improving Teacher Quality State GrantsDepartment of Education · ALN 84.367 · Through Louisiana Department of Education$35K

Plus 1 smaller program.

The auditor reported no findings.

Year ending Jun 2023 · $1.7M federal money spent
Education Stabilization FundDepartment of Education · ALN 84.425 · Through Louisiana Department of Education$812K
Title I Grants to Local Educational AgenciesDepartment of Education · ALN 84.010 · Through Louisiana Department of Education$356K
National School Lunch ProgramDepartment of Agriculture · ALN 10.555 · Through State of Louisiana$292K
Special Education_grants to StatesDepartment of Education · ALN 84.027 · Through Louisiana Department of Education$178K
Student Support and Academic Enrichment ProgramDepartment of Education · ALN 84.424 · Through Louisiana Department of Education$18K

Plus 2 smaller programs.

The auditor reported no findings.

Year ending Jun 2022 · $1.6M federal money spent
Education Stabilization FundDepartment of Education · ALN 84.425 · Through Louisiana Department of Education$690K
National School Lunch ProgramDepartment of Agriculture · ALN 10.555 · Through State of Louisiana$403K
Title I Grants to Local Educational AgenciesDepartment of Education · ALN 84.010 · Through Louisiana Department of Education$359K
Special Education_grants to StatesDepartment of Education · ALN 84.027 · Through Louisiana of Education$130K
Improving Teacher Quality State GrantsDepartment of Education · ALN 84.367 · Through Louisiana Department of Education$26K

Plus 2 smaller programs.

The auditor reported no findings.

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$7.6M
Ln 12
Gifts and grantsLn 1h$7.2M
Fees for servicesLn 2g$244K
Investment incomeLn 3$85K
Money outPt IX
$7.7M
Ln 25
Programscol B$6.2M
Managementcol C$1.6M
Owns and owesPt X
$6.1M
net assets · Ln 32
Cash and savingsLn 1–2$6.3M
Total assetsLn 16$7.3M
LiabilitiesLn 26$1.2M
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$7.2M
Government grantsLn 1e$7.1M
Fundraising eventsLn 1c$107K
Fees for servicesLn 2g$244K
Investment incomeLn 3$85K
Other incomeLn 4–11$59K
Total revenueLn 12$7.6M
Assets in detailPt X, end of year
CashLn 1$3.9M
SavingsLn 2$2.4M
Cash and savings togetherLn 1–2$6.3M
Land, buildings, equipmentLn 10c$819K
Total assetsLn 16$7.3M
LiabilitiesLn 26$1.2M
Net assetsLn 32$6.1M
OperationsPt I, VI
EmployeesI 5119
VolunteersI 6400
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 FY20End FY20
Cash and savingsLn 1–2$5.4M$6.3M
Land, buildings, equipmentLn 10c$873K$819K
Total assetsLn 16$6.4M$7.3M
LiabilitiesLn 26$148K$1.2M
Net assetsLn 32$6.2M$6.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$434K$118K$316K
Other salaries and wagesLn 7$4.0M$3.6M$377K
Pension plan contributionsLn 8$1.0M$813K$212K
Other employee benefitsLn 9$435K$387K$48K
Payroll taxesLn 10$105K$91K$13K
Legal feesLn 11b$21K$21K
Accounting feesLn 11c$21K$21K
Other fees for servicesLn 11g$175K$70K$104K
OccupancyLn 16$144K$144K
Depreciation, depletion and amortizationLn 22$60K$60K
InsuranceLn 23$160K$93K$67K
Other expenses (24a–d)Ln 24$923K$555K$367K
All other expensesLn 24e$234K$198K$36K
Total functional expensesLn 25$7.7M$6.2M$1.6M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 1, 2026 $10.2M$10.2M$3K$7.5M 990 PDF
FY2024Filed with the IRS Jul 22, 2025 $10.7M$9.3M$1.5M$7.5M 990 PDF
FY2023Filed with the IRS May 15, 2024 $8.4M$8.7M−$358K$5.6M 990 PDF
FY2022Filed with the IRS May 15, 2023 $8.1M$8.9M−$864K$5.8M 990 PDF
FY2021Filed with the IRS May 6, 2022 $8.4M$7.8M$643K$6.7M 990 PDF
FY2020 ViewingFiled with the IRS Mar 11, 2021 $7.6M$7.7M−$126K$6.1M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $7,621,542 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $6,910,459$7,232,892
I-9 Program service revenuePrior year $257,707$244,165
I-10 Investment incomePrior year $76,492$85,445
I-11 Other revenuePrior year $80,354$59,040
I-12 Total revenuePrior year $7,325,012$7,621,542
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 $5,526,319$6,009,833
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,693,243$1,737,433
I-18 Total expensesPrior year $7,219,562$7,747,266
I-19 Revenue less expensesPrior year $105,450−$125,724
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 $7,621,542 across 8 lines filed
VIII-1c Fundraising events$106,649
VIII-1e Government grants$7,105,506
VIII-1f All other contributions, gifts and grants$20,737
VIII-1h Total contributions, gifts and grants$7,232,892
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $244,165$244,165
VIII-3 Investment incomeExcluded from tax $85,445$85,445
VIII-8 Net income from fundraising eventsExcluded from tax $59,040$59,040
VIII-12 Total revenueRelated to mission $244,165 · Unrelated business $0 · Excluded from tax $144,485$7,621,542
Part IX · Statement of functional expenses $7,747,266 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $118,000 · Management $316,500$434,500
IX-7 Other salaries and wagesPrograms $3,633,078 · Management $377,435$4,010,513
IX-8 Pension plan contributionsPrograms $812,734 · Management $212,008$1,024,742
IX-9 Other employee benefitsPrograms $387,276 · Management $48,118$435,394
IX-10 Payroll taxesPrograms $91,364 · Management $13,320$104,684
IX-11b Legal feesManagement $20,966$20,966
IX-11c Accounting feesManagement $21,250$21,250
IX-11g Other fees for servicesPrograms $70,347 · Management $104,467$174,814
IX-16 OccupancyPrograms $144,388$144,388
IX-22 Depreciation, depletion and amortizationPrograms $59,538$59,538
IX-23 InsurancePrograms $92,766 · Management $66,839$159,605
IX-24 Other expenses (24a–d)Programs $555,400 · Management $367,206$922,606
IX-24e All other expensesPrograms $198,317 · Management $35,949$234,266
IX-25 Total functional expensesPrograms $6,163,208 · Management $1,584,058 · Fundraising $0$7,747,266
Part X · Balance sheet $7,303,388 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $3,004,228$3,874,606
X-2 Savings and temporary cash investmentsStart of year $2,385,599$2,433,442
X-3 Pledges and grants receivable$111,179
X-4 Accounts receivableStart of year $2,083$12,167
X-9 Prepaid expenses and deferred chargesStart of year $106,963$52,961
X-10c Land, buildings and equipment, netStart of year $872,754$819,033
X-16 Total assetsStart of year $6,371,627$7,303,388
X-17 Accounts payable and accrued expensesStart of year $125,668$268,603
X-19 Deferred revenueStart of year $21,912$340
X-26 Total liabilitiesStart of year $147,580$1,205,065
X-27 Net assets without donor restrictionsStart of year $6,209,047$6,079,323
X-28 Net assets with donor restrictionsStart of year $15,000$19,000
X-32 Total net assets or fund balancesStart of year $6,224,047$6,098,323
X-33 Total liabilities and net assetsStart of year $6,371,627$7,303,388
Part XI · Reconciliation of net assets $6,098,323 net assets at year end
XI-1 Total revenue$7,621,542
XI-2 Total expenses$7,747,266
XI-3 Revenue less expenses−$125,724
XI-4 Net assets at start of year$6,224,047
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,098,323

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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