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        <ExplanationTxt>AS OF JUNE 30, 2025 AND 2024, SUCCESS PREPARATORY ACADEMY BELIEVES THAT IT HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. TAX YEARS ENDED JUNE 30, 2022 AND LATER REMAIN SUBJECT TO EXAMINATION BY THE TAXING AUTHORITIES.</ExplanationTxt>
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        <ExplanationTxt>SUCCESS PREPARATORY ACADEMY AT THURGOOD MARSHALL DOES NOT AND SHALL NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, RELIGION (CREED), GENDER, GENDER EXPRESSION, AGE, NATIONAL ORIGIN (ANCESTRY), DISABILITY, MARITAL STATUS, SEXUAL ORIENTATION, OR MILITARY STATUS, IN ANY OF ITS ACTIVITIES OR OPERATIONS.</ExplanationTxt>
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      <SupplementalInformationDetail>
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        <ExplanationTxt>SUCCESS RECEIVES THE MAJORITY OF ITS REVENUE FROM THE STATE OF LOUISIANA. MINIMUM FOUNDATION PROGRAM (MFP) FUNDING FOR THE YEAR ENDED JUNE 30, 2025 TOTALED $6,692,422. FUNDING FROM VARIOUS FEDERAL GRANTS PASSED THROUGH THE STATE OF LOUISIANA TOTALED $1,437,642 FOR THE YEAR ENDED JUNE 30, 2025. OTHER STATE FUNDING RECEIVED FROM THE STATE OF LOUISIANA TOTALED $806,642 FOR THE YEAR ENDED JUNE 30, 2025. THE GRANT AMOUNTS ARE APPROPRIATED EACH YEAR BY THE FEDERAL AND STATE GOVERNMENTS. IF SIGNIFICANT BUDGET CUTS ARE MADE AT THE FEDERAL AND/OR STATE LEVEL, THE AMOUNT OF FUNDS SUCCESS RECEIVES COULD BE REDUCED SIGNIFICANTLY AND HAVE AN ADVERSE IMPACT ON ITS OPERATIONS.</ExplanationTxt>
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        <ExplanationTxt>A DRAFT OF THE FORM 990 IS PROVIDED TO EACH BOARD MEMBER TO REVIEW AND APPROVE PRIOR TO FILING.</ExplanationTxt>
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      <SupplementalInformationDetail>
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        <ExplanationTxt>THE CONFLICT OF INTEREST POLICY IS UPDATED AS CONFLICTS ARISE FOLLOWING INITIAL CLEARANCE FOR BOARD OF DIRECTOR ELECTIONS.</ExplanationTxt>
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      <SupplementalInformationDetail>
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        <ExplanationTxt>ALL SALARIES ARE DETERMINED BY BOARD APPROVAL.</ExplanationTxt>
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      <SupplementalInformationDetail>
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        <ExplanationTxt>DOCUMENTS ARE AVAILABLE UPON REQUEST.</ExplanationTxt>
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