Brcc Facilities Corporation

Nonprofit profile at a glance

EIN
710876144
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Baton Rouge, LA, USA
Phone
2253874000
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Scholarships, Student Financial Aid Services, Awards

Reported finances

Revenue
$5,324,703
Expenses
$3,383,589
Assets
$42,852,822
Liabilities
$32,534,388

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • FABIAN BLACHE JR (PRESIDENT)

People named in this filing

  • FABIAN BLACHE JR (PRESIDENT)
  • SEAN REILLY (SECRETARY)
  • JIMMY LYLES (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

See schedule o

What it reported doing in 2024

The exempt purpose of the corporation is to construct a number of buildings with academic facilities and offices for the baton rouge community college (brcc). The corporation presently leases real property located in baton rouge, Louisiana from the Louisiana community and technical college system (lctcs), a state institution, and has constructed facilities and will construct additional facilities to house the campus of brcc, a state community college operated by the lctcs. The construction was financed through a bond issue by the Louisiana local government environment facilities and community development authority (lcda). The facilities are leased to lctcs under a net lease with an option to purchase the facilities of brcc. The lease payments from the lease will be used to repay the bond financing. The funds for lctcs to pay the lease payments will be appropriated by the state of Louisiana under a cooperative endeavor agreement. After the bond financing is repaid, the buildings will be transferred to the state of Louisiana for the use of lctcs.

Operating model

Revenue model
Earned-program. 82% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and assets have declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 67
  • Transparency & Controls: 92
  • Accountability: 94
  • Sustainability: 80
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 60.8%; rating input score 61
  • Program expense ratio: 99.1%; rating input score 99
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 7 controls in place; rating input score 86
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 36.5%; rating input score 87; 87th percentile among comparable filings
  • Total-asset coverage ratio: 12.66; rating input score 93; 93rd percentile among comparable filings
  • Liabilities to assets ratio: 0.76; rating input score 11; 11th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings

Growth

  • Program expense growth: 10.1% per year; rating input score 100; 64th percentile among comparable filings
  • Revenue growth: 16.2% per year; rating input score 100; 84th percentile among comparable filings
  • Asset growth: -3.2% per year; rating input score 0; 5th percentile among comparable filings

Details

  • Where the money goes: 60.8% of revenue deployed · 99.1% of spending went to programs
  • Governance: 3 of 3 board members independent · 6 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $3.4M in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 21 of 21 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 15 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: Whistleblower policy not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 11/100.