2024-05-15T16:54:24-05:00 2023-06-30 721396621 CARR RIGGS & INGRAM LLC 1000 E PRESTON AVE STE 200 SHREVEPORT LA 71105 990 2022-07-01 455089915 SHREVEPORT CHARTER FOUNDATION INC SHRE 3187035585 2290 CLYDE FANT PKWY SERVICE RD SHREVEPORT LA 71105 DR MELVA TURNER WILLIAMS PRESIDENT 3187035585 2024-05-14 1 DR MELVA TURNER WILLIAM 999009999 0 PAMELA G PERKINS CPA P01006677 3182222222 2024-05-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DR MELVA TURNER WILLIAMS 2290 CLYDE FANT PKWY SERVICE RD SHREVEPORT LA 71105 19334019 0 X WWW.SHREVEPORTCHARTERFOUNDATION.COM X 2012 LA SHREVEPORT CHARTER FOUNDATION, INC. DESIGNS, DEVELOPS AND OPERATES HIGH PERFORMING SCHOOLS WITH AN: UNWAIVERING DEDICATION TO STUDENT ACHIEVEMENT- UNYIELDING COMMITMENT TO ETHICAL AND SOUND BUSINESS PRACTICES. 7 7 189 0 0 0 14407752 17376597 64827 0 476 14983 1903400 1942439 16376455 19334019 0 0 0 0 5999361 6621229 0 0 0 11034937 13066131 17034298 19687360 -657843 -353341 21315685 21620395 30146059 30804110 -8830374 -9183715 X SHREVEPORT CHARTER FOUNDATION, INC. (THE FOUNDATION), A LOUISIANA NOT-FOR-PROFIT CORPORATION, WAS FORMED ON FEBRUARY 27, 2012, EXCLUSIVELY FOR EDUCATIONAL PURPOSES. THE FOUNDATION HAS ENTERED INTO A TYPE 1 CHARTER SCHOOL CONTRACT WITH CADDO PARISH SCHOOL BOARD (CPSB) TO OPERATE THE MAGNOLIA SCHOOL OF EXCELLENCE (THE CHARTER SCHOOL) FOR STUDENTS FROM KINDERGARTEN TO EIGHTH GRADE IN CADDO PARISH, LOUISIANA. 0 0 11887797 SHREVEPORT CHARTER FOUNDATION, INC. WAS FORMED EXCLUSIVELY FOR EDUCATIONAL PURPOSES. THE FOUNDATION HAS ENTERED INTO A TYPE 1 CHARTER SCHOOL CONTRACT WITH CADDO PARISH SCHOOL BOARD (CPSB) TO OPERATE THE MAGNOLIA SCHOOL OF EXCELLENCE (THE CHARTER SCHOOL) FOR STUDENTS FROM KINDERGARTEN TO EIGHTH GRADE IN CADDO PARISH, LOUISIANA. 11887797 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 X 18 0 1 189 1 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 X X THE ORGANIZATION 3187035585 2290 CLYDE FANT PKWY SERVICE RD SHREVEPORT LA 71105 X DR MELVA WILLIAMS-TURNER PRESIDENT 1.00 X X 0 0 0 DR PHILLIP ROZEMAN VICE-PRESIDENT 1.00 X X 0 0 0 ZADELL DUDLEY TREASURER/SECRETARY 1.00 X X 0 0 0 DINERO WASHINGTON BOARD TRUSTEE 1.00 X 0 0 0 VALERIE THOMAS-WHITE BOARD TRUSTEE 1.00 X 0 0 0 STEPHEN ROBERTS BOARD TRUSTEE 1.00 X 0 0 0 ANN STOKES BOARD TRUSTEE 1.00 X 0 0 0 0 0 0 0 0 0 0 0 1442412 15934185 17376597 14983 14983 SUPPORT REVENUE 611110 1788072 1788072 LOCAL REVENUE 611110 154367 154367 1942439 19334019 1942439 0 14983 5692289 5125259 567030 20475 20475 458280 428085 30195 450185 405340 44845 503211 81013 422198 125821 1492 124329 1852 1841 11 186433 144486 41947 528577 502271 26306 124234 96281 27953 2942190 2942190 1376392 1307892 68500 183512 174379 9133 EQUIPMENT LEASE AND SER 3498083 882556 2615527 REPAIRS AND MAINTENANCE 1208984 1077464 131520 FOOD SERVICES 751349 751349 OTHER 744657 744657 890836 887614 3222 19687360 11887797 7799563 0 610623 2003085 167465 165751 58331 70400 32364382 13133618 20414105 19230764 65161 150395 21315685 21620395 1154887 2390754 28991172 28413356 30146059 30804110 X -8830374 -9183715 -8830374 -9183715 21315685 21620395 -353341 0 X 0 1 X 0 0 X 11892075 12723191 13030462 14407752 17376597 69430077 211352 137523 1476646 64827 1890348 12103427 12860714 14507108 14472579 17376597 71320425 0 0 0 71320425 1725 471 476 14983 17655 1725 471 476 14983 17655 1903400 1942439 3845839 12103427 12862439 14507579 16376455 19334019 75183919 0.94860 0.97250 0.00020 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 32364382 13133618 19230764 19230764 X 19334019 0 19334019 0 19334019 19687360 0 19687360 0 19687360 PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION IS ALSO EXEMPT FROM LOUISIANA STATE INCOME TAXES. THE FOUNDATION FOLLOWS THE PROVISIONS OF THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES TOPIC OF THE FASB ASC, WHICH CLARIFIES THE ACCOUNTING AND RECOGNITION FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE FOUNDATION'S INCOME TAX RETURNS. MANAGEMENT EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THAT THEY HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRED ADJUSTMENTS TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. FORM 990, PART V, LINE 2B: THE FOUNDATION ENTERED INTO A MANAGEMENT AGREEMENT WITH CHARTER SCHOOLS USA AT SHREVEPORT, LLC TO DEVELOP, MANAGE, STAFF, AND OPERATE THE CHARTER SCHOOL. FORM W-2'S ARE ISSUED BY CHARTER SCHOOLS USA AT SHREVEPORT, LLC. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION PROVIDES A COPY OF THE FORM 990 TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE OFFICERS REGULARLY AND CONSISTENTLY MONITOR THE BUSINESS TRANSACTIONS OF THE ORGANIZATION TO ENSURE THAT THEY ARE IN COMPLIANCE WITH THE POLICIES ESTABLISHED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.