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CHOICE FOUNDATION A NON-PROFIT CORPORATION: Form 990, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
CHOICE FOUNDATION A NON-PROFIT CORPORATION (EIN 20-2024597)
Tax period
2017-07-01 to 2018-06-30
Filed
2019-05-13
IRS object ID
201931339349303008
Schema version
2017v2.3
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2019-05-13T11:24:52-05:00ReturnTs
Tax Period End2018-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN721088864PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1LAPORTE APACBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1111 VETERANS MEMORIAL BLVD SUITEAddressLine1Txt
Address Line2600AddressLine2Txt
CityMETAIRIECityNm
State AbbreviationLAStateAbbreviationCd
ZIP700054958ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2017-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN202024597EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CHOICE FOUNDATION A NON-PROFIT CORPBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCHOIBusinessNameControlTxt
Phone5048618370PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1201 ST CHARLES AVE SUITE 4600AddressLine1Txt
CityNEW ORLEANSCityNm
State AbbreviationLAStateAbbreviationCd
ZIP70170ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonHANS JONASSENPersonNm
Person TitleTREASURERPersonTitleTxt
Phone5048618370PhoneNum
Signature2019-05-03SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJOHN S WILES CPAPreparerPersonNm
PTINP01222673PTIN
Phone5048355522PhoneNum

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address64.88.174.3IPv4AddressTxt
FieldValueIRS element (for citing)
IP2019-05-03IPDt
IP Tm08:05:55IPTm
IP TimezoneCDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id603FAEAB0AE8186E9AFCE5CDF30797878D471F48AtSubmissionCreationDeviceId
At Submission Filing Device Id3BD22136B08E7D577DB349E6FAFA67A3E4285AB7AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2019-02-21 02:37:17ZBuildTS

Form 990 IRS990

Doing Business As Name DoingBusinessAsName

FieldValueIRS element (for citing)
Business Name Line1LAFAYETTE ACADEMY CHARTER SCHOOLBusinessNameLine1Txt
FieldValueIRS element (for citing)
Principal OfficerHANS JONASSENPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1201 ST CHARLES AVE SUITE 4600AddressLine1Txt
CityNEW ORLEANSCityNm
State AbbreviationLAStateAbbreviationCd
ZIP70170ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$17,605,191GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.LAFAYETTEACADEMYNO.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2004FormationYr
Legal Domicile StateLALegalDomicileStateCd
Activity Or MissionPREPARE STUDENTS FOR SUCCESS IN A COLLEGE PREPARATORY HIGH SCHOOL IN AN ATMOSPHERE THAT CHALLENGES AND SUPPORTS EACH STUDENT TO ACHIEVE HIS OR HER HIGHEST POTENTIAL.ActivityOrMissionDesc
Voting Members Governing Body15VotingMembersGoverningBodyCnt
Voting Members Independent15VotingMembersIndependentCnt
Total Employee324TotalEmployeeCnt
Total Volunteers150TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$23,705,620PYContributionsGrantsAmt
CY Contributions Grants$17,362,841CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income-$59,266PYInvestmentIncomeAmt
CY Investment Income-$357,676CYInvestmentIncomeAmt
PY Other Revenue$266,612PYOtherRevenueAmt
CY Other Revenue$239,753CYOtherRevenueAmt
PY Total Revenue$23,912,966PYTotalRevenueAmt
CY Total Revenue$17,244,918CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$15,142,613PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$12,051,989CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$8,129,898PYOtherExpensesAmt
CY Other Expenses$6,454,892CYOtherExpensesAmt
PY Total Expenses$23,272,511PYTotalExpensesAmt
CY Total Expenses$18,506,881CYTotalExpensesAmt
PY Revenues Less Expenses$640,455PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$1,261,963CYRevenuesLessExpensesAmt
Total Assets BOY$3,808,084TotalAssetsBOYAmt
Total Assets EOY$2,841,394TotalAssetsEOYAmt
Total Liabilities BOY$939,829TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,235,102TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$2,868,255NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,606,292NetAssetsOrFundBalancesEOYAmt
MissionEDUCATIONAL INSTITUTION ORGANIZED TO INFORM AND EDUCATE CITIZENS OF LOUISIANA ON HOW SCHOOL CHOICE INITIATIVES CAN IMPROVE PRIMARY EDUCATION IN LOUISIANA.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$10,093,012ExpenseAmt
DescLAFAYETTE ACADEMY CHARTER SCHOOL IS A PUBLIC CHARTER SCHOOL AT 2727 SOUTH CARROLLTON AVENUE IN NEW ORLEANS. IT HAS APPROXIMATELY 960 STUDENTS IN PRE-KINDERGARTEN THROUGH 8TH GRADE. EACH STUDENT AT LAFAYETTE IS PROVIDED WITH A SCHOOL PROGRAM ENRICHED BY FINE ARTS, TECHNOLOGY AND ATHLETICS. THE OVERALL STUDENT TO TEACHER RATIO IS 9 TO 1.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$5,565,056ExpenseAmt
DescTHE ESPERANZA CHARTER SCHOOL IS A PUBLIC CHARTER SCHOOL LOCATED AT 4407 SOUTH CARROLLTON AVENUE IN NEW ORLEANS. IT HAS APPROXIMATELY 523 STUDENTS IN KINDERGARTEN THROUGH 8TH GRADE. EACH STUDENT IS PROVIDED WITH A SCHOOL PROGRAM ENRICHED BY FINE ARTS, TECHNOLOGY AND ATHLETICS. THE OVERALL STUDENT TO TEACHER RATIO IS 9 TO 1.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$15,658,068TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control Ent0TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document38IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee324EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members15GoverningBodyVotingMembersCnt
Independent Voting Member15IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JAMES FULTONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone5048618370PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12727 S CARROLLTON AVENUEAddressLine1Txt
CityNEW ORLEANSCityNm
State AbbreviationLAStateAbbreviationCd
ZIP70118ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (19 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
JAMES SWANSON
PRESIDENT5.00Yes (X)Yes (X)$0$0$0
HANS JONASSEN
TREASURER5.00Yes (X)Yes (X)$0$0$0
ALYSSON MILLS
VICE PRESIDENT5.00Yes (X)Yes (X)$0$0$0
MARC NAOPLEAN
GENERAL MEMBER5.00Yes (X)$0$0$0
DONALD BEERY
GENERAL MEMBER5.00Yes (X)$0$0$0
ANTHONY CARTER
GENERAL MEMBER5.00Yes (X)$0$0$0
PIERRE CONNER III
GENERAL MEMBER5.00Yes (X)$0$0$0
BLAIR DUQUESNAY
GENERAL MEMBER5.00Yes (X)$0$0$0
WENDY LODRIG
GENERAL MEMBER5.00Yes (X)$0$0$0
FRITZ GOMILA
GENERAL MEMBER5.00Yes (X)$0$0$0
MARGO PHELPS
GENERAL MEMBER5.00Yes (X)$0$0$0
KATE WERNER
GENERAL MEMBER5.00Yes (X)$0$0$0
ROBERT WORLEY
GENERAL MEMBER5.00Yes (X)$0$0$0
DEWANDA YOUNG-HILL
GENERAL MEMBER5.00Yes (X)$0$0$0
JESSE STEWART
GENERAL MEMBER5.00Yes (X)$0$0$0
CHARLES MICKEY LANDRY
EXECUTIVE DIRECTOR40.00Yes (X)$220,412$0$27,630
JAMES FULTON
COO40.00Yes (X)$125,129$0$15,815
NICOLE SAULNY
HEAD OF SCHOOL (ESP)40.00$107,074$0$10,744Yes (X)
SUSAN JURKUNAS
SYSTEM ACCOUNTABILITY OFFICER40.00$137,553$0$7,395Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$590,168TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$61,584TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K4IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
SODEXO INC & AFFILIATES
PO BOX 536922ATLANTAGA30353FOOD SERVICES$840,524
HAMMOND'S TRANSPORTATION
PO BOX 73080METAIRIELA70033TRANSPORTATION$627,310
HERMANOS RIVERA CONSTRUCTION LLC
3523 GRAVIER STNEW ORLEANSLA70117CONSTRUCTION$231,102
WR TRANSPORT
824 KATHY STGRETNALA70056TRANSPORTATION$182,988
FIRST KLASS ENTERPRISES
1901 MANHATTAN BLVD BLDG DHARVEYLA70058JANITORIAL SERVICES$180,413
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K6CntrctRcvdGreaterThan100KCnt
Government Grants$17,198,111GovernmentGrantsAmt
All Other Contributions$164,730AllOtherContributionsAmt
Total Contributions$17,362,841TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,597TotalRevenueColumnAmt
Exclusion$2,597ExclusionAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Other$360,273OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Other-$360,273OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$360,273TotalRevenueColumnAmt
Exclusion-$360,273ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
FIELD TRIPS, BOOK FAIRS, AND UNIF533110$179,628$179,628
OTHER INCOME533110$50,605$50,605
REFUND OF PRIOR YEAR EXPENSES533110$9,520$9,520
FieldValueIRS element (for citing)
Other Revenue Total$239,753OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$17,244,918TotalRevenueColumnAmt
Related Or Exempt Func Income$239,753RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion-$357,676ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$811,958TotalAmt
Program Services$811,958ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$9,306,323TotalAmt
Program Services$7,878,446ProgramServicesAmt
Management And General$1,427,877ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$421,729TotalAmt
Program Services$358,939ProgramServicesAmt
Management And General$62,790ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$742,357TotalAmt
Program Services$576,763ProgramServicesAmt
Management And General$165,594ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$769,622TotalAmt
Program Services$661,712ProgramServicesAmt
Management And General$107,910ManagementAndGeneralAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$915,608TotalAmt
Program Services$915,608ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$1,939TotalAmt
Management And General$1,939ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$46,250TotalAmt
Management And General$46,250ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$2,460,094TotalAmt
Program Services$2,200,722ProgramServicesAmt
Management And General$259,372ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$46,839TotalAmt
Program Services$2,542ProgramServicesAmt
Management And General$44,297ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$209,858TotalAmt
Program Services$140,552ProgramServicesAmt
Management And General$69,306ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$55,286TotalAmt
Program Services$8,170ProgramServicesAmt
Management And General$47,116ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$8,445TotalAmt
Program Services$7,934ProgramServicesAmt
Management And General$511ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$4,441TotalAmt
Management And General$4,441ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$97,352TotalAmt
Program Services$97,352ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$123,318TotalAmt
Program Services$81,812ProgramServicesAmt
Management And General$41,506ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
SCHOOL SUPPLIES$505,738$505,738
STUDENT ACTIVITIES$239,057$239,057
UTILITIES$235,097$235,097
PROFESSIONAL DEVELOPMEN$38,255$38,255

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$1,467,315TotalAmt
Program Services$897,411ProgramServicesAmt
Management And General$569,904ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$18,506,881TotalAmt
Program Services$15,658,068ProgramServicesAmt
Management And General$2,848,813ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$2,202,536BOYAmt
EOY$1,528,524EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$501,362BOYAmt
EOY$501,864EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$292,335BOYAmt
EOY$441,423EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$22,803BOYAmt
EOY$8,949EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$158,658BOYAmt
EOY$149,075EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$501,444LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$289,885LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$630,390BOYAmt
EOY$211,559EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$3,808,084BOYAmt
EOY$2,841,394EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$939,829BOYAmt
EOY$1,235,102EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$939,829BOYAmt
EOY$1,235,102EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,791,094BOYAmt
EOY$1,563,577EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$77,161BOYAmt
EOY$42,715EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,868,255BOYAmt
EOY$1,606,292EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,808,084BOYAmt
EOY$2,841,394EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$1,261,963ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Schedule D IRS990ScheduleD

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$360,255OtherCostOrOtherBasisAmt
Depreciation$183,229DepreciationAmt
Book Value$177,026BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$141,189OtherCostOrOtherBasisAmt
Depreciation$106,656DepreciationAmt
Book Value$34,533BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$211,559TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$17,605,191TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$17,605,191RevenueSubtotalAmt
Other Revenues Not Included-$360,273OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt-$360,273RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$17,244,918TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$18,867,154TotExpnsEtcAuditedFinclStmtAmt
Losses Reported$360,273LossesReportedAmt
Expenses Not Reported$360,273ExpensesNotReportedAmt
Expenses Subtotal$18,506,881ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$18,506,881TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART X, LINE 2:THE FOUNDATION IS RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS A SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE FOUNDATION'S TAX EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PROVIDE ACCOUNTING AND DISCLOSURE GUIDANCE ABOUT POSITIONS TAKEN BY AN ENTITY IN ITS TAX RETURNS THAT MIGHT BE UNCERTAIN. THE FOUNDATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSISTION TAKEN, AND MANAGEMENT HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSISTIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. PENALTIES AND INTEREST ASSESSED BY INCOME TAXING AUTHORITIES, IF ANY, WOULD BE INCLUDED IN INCOME TAX EXPENSE.
PART XI, LINE 4B - OTHER ADJUSTMENTS:LOSS ON SALE OF ASSETS -360,273.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (1)GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, PART I, LINE 3LAFAYETTE ACADEMY AND ESPERANZA SCHOOL ARE PULIC CHARTER SCHOOLS AND AS SUCH ABIDES BY THE NONDISCRIMINATION POLICY ADOPTED BY THE LOUISIANA DEPARTMENT OF EDUCATION BY PUBLICIZING ITS RACIALLY NONDISCRIMINATORY POLICY DURING THE REGISTRATION PERIOD THROUGH PRINT AND RADIO ADVERTISEMENTS TO MAKE THE POLICY KNOWN TO ALL PARTS OF THE GENERAL COMMUNITY.
SCHEDULE E, PART I, LINE 6THE UNITED STATES DEPARTMENT OF EDUCATION AWARDED A GRANT TO LOUISIANA DEPARTMENT OF EDUCATION, WHICH WAS AWARDED TO THE SCHOOL AS A SUBRECIPIENT, TO HELP ENSURE THAT ALL CHILDREN MEET CHALLENGING STATE ACADEMIC STANDARDS, TO SUPPORT THE PLANNING, DEVELOPMENT AND INITIAL IMPLEMENTATION OF CHARTER SCHOOL, TO ASSIST IN PROVIDING FREE APPROPRIATE PUBLIC EDUCATION TO ALL CHILDREN WITH DISABILITIES AND TO INCREASE STUDENT ACADEMIC ACHIEVEMENT THROUGH STRATEGIES SUCH AS IMPROVING TEACHER AND PRINCIPAL QUALITY AND INCREASING THE NUMBER OF HIGHLY QUALIFIED TEACHERS, PRINCIPALS, AND ASSISTANT PRINCIPALS. THE UNITED STATES DEPARTMENT OF AGRICULTURE AWARDED A GRANT UNDER THE NATIONAL SCHOOL LUNCH PROGRAM. THE STATE OF LOUISIANA PROVIDES FUNDING WHICH IS DETERMINED ON AN ANNUAL BASIS BASED ON THE NUMBER OF PUPILS ENROLLED IN THE SCHOOL AS OF OCTOBER 1ST. THIS STATE FUNDED, PER PUPIL ALLOCATION, IS BASED ON THE MOST RECENTLY APPROVED MINIMUM FOUNDATION PROGRAM FORMULA RESOLUTION.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeYes (X)CompensationCommitteeInd
Independent ConsultantYes (X)IndependentConsultantInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonCHARLES MICKEY LANDRYPersonNm
TitleEXECUTIVE DIRECTORTitleTxt
Base Compensation Filing Org$220,412BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$0CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$0BonusFilingOrganizationAmount
Bonus Related Organizations$0BonusRelatedOrganizationsAmt
Other Compensation Filing Org$0OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$0OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$0DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$0DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$27,630NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$0NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$248,042TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$0TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org$0CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs$0CompReportPrior990RltdOrgsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BTHE TAX PREPARERS PROVIDE A DRAFT COPY OF THE FORM 990 TO THE BUSINESS MANAGER TO PRESENT TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL. AFTER APPROVAL, THE TREASURER SIGNS THE RETURN AND ALLOWS THE TAX PREPARERS TO RELEASE IT TO THE IRS.
FORM 990, PART VI, SECTION B, LINE 12CON AN ANNUAL BASIS, THE BUSINESS MANAGER REQUESTS THAT OFFICERS, DIRECTORS, AND OTHER KEY EMPLOYEES DISCLOSE ANY INTERESTS THAT COULD GIVE RISE TO CONFLICTS OF INTEREST.
FORM 990, PART VI, SECTION B, LINE 15THE COMPENSATION COMMITTEE HIRED EDUCATIONAL DIRECTIONS, INC., A NATIONAL EXECUTIVE SEARCH AND SCHOOL CONSULTING FIRM, TO DETERMINE THE PRINCIPAL'S ORIGINAL SALARY. THIS COMMITTEE ALSO EVALUATED COMPARABLE DATA IN THEIR PROCESS OF DETERMINING AND APPROVING THE PRINCIPAL'S COMPENSATION, WHICH WAS THEN APPROVED BY THE BOARD. THE OTHER TOP MANAGEMENT SALARIES WERE DETERMINED BY THE PRINCIPAL USING COMPARABLE DATA FROM THE RECOVERY SCHOOL DISTRICT, AND THESE SALARIES WERE APPROVED BY THE BOARD.
FORM 990, PART VI, SECTION C, LINE 19THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART XI, LINE 2C -THE OVERSIGHT PROCESS OF THE AUDIT COMMITTEE HAS NOT CHANGED FROM THE PRIOR YEAR.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1CHOICE FOUNDATION ENDOWMENT FUNDBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11010 COMMON STREET SUITE 2950AddressLine1Txt
CityNEW ORLEANSCityNm
State AbbreviationLAStateAbbreviationCd
ZIP70112ZIPCd
FieldValueIRS element (for citing)
EIN270149835EIN
Primary ActivitiesCHARITABLEPrimaryActivitiesTxt
Legal Domicile StateLALegalDomicileStateCd
Exempt Code Section501(C)(3)ExemptCodeSectionTxt
Public Charity StatusLINE 7PublicCharityStatusTxt
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgYes (1)GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd