Sequitur Classical Academy EIN 47-2700488

Sequitur Classical Academy FY2023 filing

EIN  47-2700488 Public charity (501(c)(3)) Baton Rouge, LA Founded 2014
Form 990 (PDF)
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Size
$100K–1M
What they do
Teaches children a classical Christian education, focusing on truth, goodness, and beauty.
Leadership
Lynn Aucoin · Board Member
Money in and out
$533K revenue, $562K expenses
Bottom line
93% program efficiency

Teaches children a classical Christian education, focusing on truth, goodness, and beauty. For fiscal year 2023 it reported $533K in revenue, $562K in expenses, and $118K in net assets.Pt I

Where the money goes · FY2023
Total revenue
$533K
Pt VIII · Ln 12
Total expenses
$562K
Pt IX · Ln 25
Net assets
$118K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$30K
Where spending went · Part IX cols B–D
Program services $0.93 Management & general $0.07
Program efficiency
93%
of spending reaches programs
Operating runway
7.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
-6%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$533K
FY2023▼ -24%
Expenses
$562K
FY2023▲ +3%
Total assets
$675K
FY2023▼ -3%
Total liabilities
$557K
FY2023▲ +2%
Total revenue
$533K
Pt VIII · Ln 12
Total expenses
$562K
Pt IX · Ln 25
Net assets
$118K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$30K
Total assetsPt X · Ln 16$675K
Program-expense ratioPt IX · col B93%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

1 program service account for $521K of program spending, described in the organization's own filed words · FY2022.
01

Served 140 students with grammar, logic and rhetoric school courses

$521Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSequitur Classical Academy
EINHdr · item D47-2700488
Principal addressHdr · item CBaton Rouge, LA
WebsiteHdr · item Jwww.sequiturbr.com
Year of formationHdr · item L2014
State of legal domicileHdr · item MLA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B90)
Ruling yearIRS BMFMay 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A

Thomas Achord’s $55K as Secretary is at the 47th percentile of top reported officer pay among 1616 $100K–1M 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

NameFY2022FY2021
Thomas Achord$55,000$51,563
Kevin Lindholm$47,292
Julie Dreher$37,829
Brian Daigle$35,583

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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Statement of Revenue

Part VIII
Program service revenue$525K · 98%
Contributions & grants$8K · 2%
Program service revenue98%$525K
Contributions & grants2%$8K
Total revenueLn 12$533K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.93 Management & general $0.07
Program services93%$521K
Management & general7%$41K
Total functional expensesLn 25$562K

Balance Sheet

Part X · end of year
CashLn 1$373K
Total assetsLn 16$675K
Total liabilitiesLn 26$557K
Total net assetsLn 32$118K
Months of cash on handcomputed7.9

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $373K · Operating expenses/yr $562K
7.9 months
Where the money goes
Program services
Program services $521K · Total expenses $562K
93%
Management & General
Management & general $41K · Total expenses $562K
7%
Fundraising
Fundraising $0 · Total expenses $562K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $25K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $8K · Total revenue $533K
2%
Government reliance
Government grants — · Total revenue $533K
Earned-income share
Program service revenue $525K · Total revenue $533K
98%
Investment reliance
Investment income $0 · Total revenue $533K
0%
Program self-sufficiency
Program service revenue $525K · Total expenses $562K
93%
Growth & trend
Revenue growth (YoY)
This year $533K · Prior year $699K
-24%
Net-asset trend (YoY)
End of year $118K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $533K · Expenses $562K
-6%
Liabilities-to-Assets
Total liabilities — · Total assets $675K
Net-asset ratio
Net assets $118K · Total assets $675K
17%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $675K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Lynn Aucoin · Reported title Board Member · Highest reported compensation $0 · Total expenses $562K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $456K · Total expenses $562K
81%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 93%
Overhead ratio 7%
Fundraising cost ratio 0%
Revenue growth -24%
Accounting fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$193

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$576K revenue · ⤓ 990 PDF
FY2023$533K revenue · viewing · ⤓ 990 PDF
FY2022$699K revenue · ⤓ 990 PDF
FY2021$585K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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