LAKE CHARLES CHARTER ACADEMY FOUNDATION INC

EIN: 273158582 501(c)(3)

LAKE CHARLES, LA

Total Revenue
$41,380,391
Total Expenses
$39,012,143
Total Assets
$66,334,710
Net Assets
$13,519,995
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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
LA
Principal Officer
ULYSSES GENE THIBODEAUX
Phone
3374757900
Tax Period
2022-07-01 to 2023-06-30

LAKE CHARLES CHARTER ACADEMY FOUNDATION INC is a 501(c)(3) with EIN 273158582, based in LAKE CHARLES, LA. Founded in 2010, the organization files IRS Form 990 and reported its most recent data for fiscal year 2022. In that period, it reported $41,380,391 in total revenue and $39,012,143 in total expenses, with net assets of $13,519,995.

Mission

THE FOUNDATION OWNS AND OPERATES LAKE CHARLES CHARTER ACADEMY IN THE LOUISIANA PARISH OF CALCASIEU. THE SCHOOL PROVIDES STUDENTS, FROM KINDERGARTEN TO EIGHTH (K-8) GRADE, WITH THE NECESSARY TOOLS AND SKILLS NEEDED TO DEVELOP SUPERIOR LEVELS OF ACHIEVEMENT.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $41,365,961
Program Service Revenue $110,466
Investment Income $-681,428
Other Revenue $585,392
TOTAL REVENUE $41,380,391

Expense Breakdown

Grants Paid $0
Salaries & Benefits $16,254,388
Fundraising Expenses $0
Program Expenses $28,664,202
Other Expenses $22,757,755
TOTAL EXPENSES $39,012,143

Year-over-Year Comparison

2022 2021 Change
Revenue $41,380,391 $16,068,412 +1.6%
Expenses $39,012,143 $14,843,828 +1.6%
Net Income $2,368,248 $1,224,584 +0.9%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JUDGE ULYSSES GENE THIBODEAUX PRESIDENT 10.00
Officer Director
$0 $0 $0
REBECCA BONIOL VICE-PRESIDENT 3.00
Officer Director
$0 $0 $0
CLYDE W MITCHELL SECRETARY/TREASURER 3.00
Officer Director
$0 $0 $0
NICOLE SIMIEN TRUSTEE 3.00
Director
$0 $0 $0
PHYLLIS KETTLING TRUSTEE 3.00
Director
$0 $0 $0
SYLVIA STELLY TRUSTEE 3.00
Director
$0 $0 $0
RON RICHARD TRUSTEE 3.00
Director
$0 $0 $0
CHARLES A HONORE TRUSTEE 3.00
Director
$0 $0 $0
PATRICIA LAWRENCE TRUSTEE 3.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $41,380,391 $39,012,143 $66,334,710 $2,368,248
2022 $16,068,412 $14,843,828 $22,449,071 $1,224,584
2021 $13,178,907 $11,923,271 $20,676,386 $1,255,636
2020 $12,058,185 $12,421,297 $19,086,484 $-363,112
2019 $13,097,069 $11,395,274 $19,825,840 $1,701,795
2018 $10,658,957 $9,978,972 $17,938,682 $679,985
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