Cyt Lafayette INC

Tax-deductible

Lafayette, LA501(c)(3)Community DevelopmentEIN 90-0483353Revenue $932K in FY2024

On file with the IRScytlafayette.org4400 Ambassador Caffery Pkwy Suite, 70508-6760 · Lafayette, LATax-exempt since Oct 2009Publicly supported — 509(a)(2)

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CYT is dedicated to developing character in children through training in the arts and by producing wholesome family entertainment,all of which reflect Judeo-Christian values.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
Run by 50 volunteers and 10 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
4 of 5
filings with a surplus
Average surplus $69K a year · 9% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 7.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $37K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$131K
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
$932K
-0.2% vs prior year
Spent
$936K
To programs
77%
Net assets
$653K
By yearFY2020–FY2024
Revenue
$932K
FY2024-0.2%
Tap a bar for its year
Revenue by fiscal year
FY2020$380K
FY2021$826K
FY2022$763K
FY2023$934K
FY2024$932K
Expenses
$936K
FY2024▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$357K
FY2021$576K
FY2022$756K
FY2023$867K
FY2024$936K
Net assets
$653K
FY2024▼ -0.5%
Tap a bar for its year
Net assets by fiscal year
FY2020$333K
FY2021$583K
FY2022$590K
FY2023$656K
FY2024$653K

From the FY2024 Form 990 · 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 Oct 2009.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $722K Management & general 23% · $213K

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

2 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Sec Treas
$0Pt VII · Sec A

Gerald Broussard’s $500 as Director is at the 0th percentile of top reported officer pay among 1709 $100K–1M community development 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

NameFY2021FY2020
Gerald Broussard$500$6,000

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

Develops children's character through arts training and wholesome, values-based family entertainment.

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Provided by the organization

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1 program · $722K · in their own filed words · FY2024
01

The Lafayette CYT has 8 productions per year which bring in most of the income. They also hold three 10 week theater classes which brings in most of the rest of the income.

$722Kprogram 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$37K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$932K
Ln 12
Fees for servicesLn 2g$759K
Gifts and grantsLn 1h$160K
Investment incomeLn 3$14K
Money outPt IX
$936K
Ln 25
Programscol B$722K
Managementcol C$213K
Owns and owesPt X
$653K
net assets · Ln 32
Cash and savingsLn 1–2$598K
Total assetsLn 16$784K
LiabilitiesLn 26$131K
PeoplePt VI, VII
2
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$160K
Fees for servicesLn 2g$759K
Investment incomeLn 3$14K
Total revenueLn 12$932K
Assets in detailPt X, end of year
CashLn 1$598K
Cash and savings togetherLn 1–2$598K
Land, buildings, equipmentLn 10c$184K
Other assetsLn 15$2K
Total assetsLn 16$784K
LiabilitiesLn 26$131K
Net assetsLn 32$653K
OperationsPt I, VI
EmployeesI 510
VolunteersI 650
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$619K$598K
Land, buildings, equipmentLn 10c$191K$184K
Total assetsLn 16$811K$784K
LiabilitiesLn 26$154K$131K
Net assetsLn 32$656K$653K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$175K$0$175K$0
Payroll taxesLn 10$12K$0$12K$0
Advertising and promotionLn 12$20K$20K$0$0
RoyaltiesLn 15$28K$28K$0$0
OccupancyLn 16$100K$100K$0$0
InterestLn 20$5K$0$5K$0
Depreciation, depletion and amortizationLn 22$6K$6K$0$0
All other expensesLn 24e$590K$568K$22K$0
Total functional expensesLn 25$936K$722K$213K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $932K$936K−$3K$653K 990 PDF
FY2023 $934K$867K$67K$656K 990 PDF
FY2022 $763K$756K$7K$590K 990 PDF
FY2021 $826K$576K$250K$583K 990 PDF
FY2020 $380K$357K$23K$333K 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 $932,127 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $88,649$159,872
I-9 Program service revenuePrior year $838,231$758,754
I-10 Investment incomePrior year $6,935$13,501
I-11 Other revenue$0
I-12 Total revenuePrior year $933,815$932,127
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $153,715$186,178
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $713,286$749,356
I-18 Total expensesPrior year $867,001$935,534
I-19 Revenue less expensesPrior year $66,814−$3,407
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 $932,127 across 4 lines filed
Lines not itemized here account for $758,754 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$159,872
VIII-1h Total contributions, gifts and grants$159,872
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$13,501
VIII-12 Total revenueRelated to mission $772,255 · Unrelated business $0 · Excluded from tax $0$932,127
Part IX · Statement of functional expenses $935,534 across 8 lines filed
IX-7 Other salaries and wagesPrograms $0 · Management $174,552 · Fundraising $0$174,552
IX-10 Payroll taxesPrograms $0 · Management $11,626 · Fundraising $0$11,626
IX-12 Advertising and promotionPrograms $20,346 · Management $0 · Fundraising $0$20,346
IX-15 RoyaltiesPrograms $27,668 · Management $0 · Fundraising $0$27,668
IX-16 OccupancyPrograms $100,174 · Management $0 · Fundraising $0$100,174
IX-20 InterestPrograms $0 · Management $4,665 · Fundraising $0$4,665
IX-22 Depreciation, depletion and amortizationPrograms $6,049 · Management $0 · Fundraising $0$6,049
IX-24e All other expensesPrograms $568,042 · Management $22,412 · Fundraising $0$590,454
IX-25 Total functional expensesPrograms $722,279 · Management $213,255 · Fundraising $0$935,534
Part X · Balance sheet $784,064 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $618,686$598,088
X-10c Land, buildings and equipment, netStart of year $190,514$184,466
X-15 Other assetsStart of year $1,510$1,510
X-16 Total assetsStart of year $810,710$784,064
X-17 Accounts payable and accrued expensesStart of year $14,749$10,845
X-26 Total liabilitiesStart of year $154,285$131,046
X-28 Net assets with donor restrictionsStart of year $656,425$653,018
X-32 Total net assets or fund balancesStart of year $656,425$653,018
X-33 Total liabilities and net assetsStart of year $810,710$784,064
Part XI · Reconciliation of net assets $653,018 net assets at year end
XI-1 Total revenue$932,127
XI-2 Total expenses$935,534
XI-3 Revenue less expenses−$3,407
XI-4 Net assets at start of year$656,425
XI-10 Net assets at end of year$653,018

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

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