Vermilion Charter Foundation INC: Nonprofit Profile, Financials & Form 990 (EIN 92-2464541)

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2024.

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

Where the money goes

65 cents of each dollar spent went to programs.

65%

35%

Program services 65% · $7.4M Management & general 35% · $4.1M

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

Something off? Claim to add context

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Bridget Winters

President

$0Pt VII · Sec A

Murphy Guilbeaux

Vice President

$0Pt VII · Sec A

Ethan Broussard

Secretary

$0Pt VII · Sec A

Riley Meaux

Treasurer

$0Pt VII · Sec A

Dr Mary Riggs Cook

Trustee

$0Pt VII · Sec A

Jevon Dehart

Trustee

$0Pt VII · Sec A

Kristy Touchet

Trustee

$0Pt VII · Sec A

See Vermilion Charter Foundation INC 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 15aNo

Programs and updates

Vermilion Charter Foundation INC is an education nonprofit based in Lafayette, LA, formed in 2020.

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1 program · $7.4M · in their own filed words · FY2024

01

Programs and activities include general education for the instruction of students, transportation, including bus services for students and school administration.

$7.4Mprogram 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

New York Life FoundationFY2024$500

Total grants receivedfrom 1 funder$500

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs

Year ending Jun 2025 · $1.2M federal money spent

Charter Schools ProgramDepartment of Education · ALN 84.282 · Through Louisiana Department of Education$619K

National School Lunch ProgramDepartment of Agriculture · ALN 10.555 · Through Louisiana Department of Education$214K

Special Education Grants to StatesDepartment of Education · ALN 84.027 · Through Louisiana Department of Education$155K

Education Stabilization FundDepartment of Education · ALN 84.425 · Through Louisiana Department of Education$148K

Title I Grants to Local Educational AgenciesDepartment of Education · ALN 84.010 · Through Louisiana Department of Education$72K

Plus 1 smaller program.

The auditor reported no findings.

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$11.6M

Ln 12

Gifts and grantsLn 1h$11.3M

Fees for servicesLn 2g$336K

Other incomeLn 4–11$536

Money outPt IX

$11.4M

Ln 25

Programscol B$7.4M

Managementcol C$4.1M

Owns and owesPt X

$202K

net assets · Ln 32

Cash and savingsLn 1–2$2.2M

Total assetsLn 16$24.8M

LiabilitiesLn 26$24.6M

PeoplePt VI, VII

7

listed · VII A

PaidVII A0

Voting boardVI 1a7

IndependentVI 1b7

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$11.3M

Government grantsLn 1e$11.3M

Fees for servicesLn 2g$336K

Other incomeLn 4–11$536

Total revenueLn 12$11.6M

Assets in detailPt X, end of year

CashLn 1$2.1M

SavingsLn 2$104K

Cash and savings togetherLn 1–2$2.2M

Pledges and grants receivableLn 3$74K

Accounts receivableLn 4$64K

Prepaid expenses and deferred chargesLn 9$161K

Land, buildings, equipmentLn 10c$1.5M

Other assetsLn 15$20.8M

Total assetsLn 16$24.8M

LiabilitiesLn 26$24.6M

Net assetsLn 32$202K

OperationsPt I, VI

EmployeesI 5237

VolunteersI 675

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2		$2.2M
Land, buildings, equipmentLn 10c	$0	$1.5M
Total assetsLn 16	$0	$24.8M
LiabilitiesLn 26	$0	$24.6M
Net assetsLn 32	$0	$202K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$3.8M	$3.4M	$459K
Pension plan contributionsLn 8	$15K	$13K	$2K
Other employee benefitsLn 9	$510K	$447K	$63K
Payroll taxesLn 10	$265K	$232K	$32K
Management feesLn 11a	$355K	$108K	$247K
Legal feesLn 11b	$34K		$34K
Other fees for servicesLn 11g	$401K	$401K
Advertising and promotionLn 12	$98K	$98K
Office expensesLn 13	$56K	$10K	$46K
Information technologyLn 14	$37K	$30K	$7K
OccupancyLn 16	$605K	$539K	$66K
TravelLn 17	$36K	$36K
InterestLn 20	$2.2M		$2.2M
Depreciation, depletion and amortizationLn 22	$974K	$639K	$335K
InsuranceLn 23	$231K	$173K	$58K
Other expenses (24a–d)Ln 24	$1.8M	$1.3M	$510K
All other expensesLn 24e	$29K	$1K	$28K
Total functional expensesLn 25	$11.4M	$7.4M	$4.1M	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest ViewingFiled with the IRS May 14, 2026	$11.6M	$11.4M	$202K	$202K	990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2025 990 (6 parts)

Part I · Summary $11,644,913 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$11,308,371

I-9 Program service revenuePrior year $0$336,006

I-10 Investment incomePrior year $0$0

I-11 Other revenuePrior year $0$536

I-12 Total revenuePrior year $0$11,644,913

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 $0$4,613,971

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $0$6,828,639

I-18 Total expensesPrior year $0$11,442,610

I-19 Revenue less expensesPrior year $0$202,303

Part VI · Governance 7 of 7 board members independent, 3 to look at

VI-1a Voting members of the governing body7

VI-1b Independent voting members7

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

Part VIII · Statement of revenue $11,644,913 across 4 lines filed

Lines not itemized here account for $536 of total revenue; see the IRS return.

VIII-1e Government grants$11,308,371

VIII-1h Total contributions, gifts and grants$11,308,371

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $336,006$336,006

VIII-12 Total revenueRelated to mission $336,006 · Unrelated business $0 · Excluded from tax $536$11,644,913

Part IX · Statement of functional expenses $11,442,610 across 17 lines filed

IX-7 Other salaries and wagesPrograms $3,365,857 · Management $458,878$3,824,735

IX-8 Pension plan contributionsPrograms $12,955 · Management $1,811$14,766

IX-9 Other employee benefitsPrograms $447,344 · Management $62,524$509,868

IX-10 Payroll taxesPrograms $232,155 · Management $32,447$264,602

IX-11a Management feesPrograms $107,855 · Management $247,285$355,140

IX-11b Legal feesManagement $33,819$33,819

IX-11g Other fees for servicesPrograms $401,479$401,479

IX-12 Advertising and promotionPrograms $98,261$98,261

IX-13 Office expensesPrograms $9,832 · Management $45,877$55,709

IX-14 Information technologyPrograms $29,850 · Management $7,449$37,299

IX-16 OccupancyPrograms $538,765 · Management $66,010$604,775

IX-17 TravelPrograms $36,365$36,365

IX-20 InterestManagement $2,174,715$2,174,715

IX-22 Depreciation, depletion and amortizationPrograms $639,130 · Management $335,022$974,152

IX-23 InsurancePrograms $172,893 · Management $57,631$230,524

IX-24 Other expenses (24a–d)Programs $1,287,440 · Management $510,033$1,797,473

IX-24e All other expensesPrograms $1,108 · Management $27,820$28,928

IX-25 Total functional expensesPrograms $7,381,289 · Management $4,061,321 · Fundraising $0$11,442,610

Part X · Balance sheet $24,778,605 assets, 17 lines filed

X-1 Cash, non-interest-bearing$2,092,217

X-2 Savings and temporary cash investments$103,914

X-3 Pledges and grants receivable$73,814

X-4 Accounts receivable$64,244

X-9 Prepaid expenses and deferred charges$161,470

X-10c Land, buildings and equipment, netStart of year $0$1,502,424

X-15 Other assetsStart of year $0$20,780,522

X-16 Total assetsStart of year $0$24,778,605

X-17 Accounts payable and accrued expenses$792,892

X-19 Deferred revenue$1,427,505

X-21 Escrow or custodial accounts$124,996

X-23 Secured mortgages and notes payable$22,038,930

X-25 Other liabilitiesStart of year $0$191,979

X-26 Total liabilitiesStart of year $0$24,576,302

X-27 Net assets without donor restrictions$202,303

X-32 Total net assets or fund balancesStart of year $0$202,303

X-33 Total liabilities and net assetsStart of year $0$24,778,605

Part XI · Reconciliation of net assets $202,303 net assets at year end

XI-1 Total revenue$11,644,913

XI-2 Total expenses$11,442,610

XI-3 Revenue less expenses$202,303

XI-4 Net assets at start of year$0

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$202,303

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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Vermilion Charter Foundation INC

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Vermilion Charter Foundation INC

Funders

Grants

Federal money

By the numbers

Filing history

Schedules filed Part IV