Einstein Group
- Assets
- $9.7m
- Revenue
- $21.5m
- Investments
- $0.0
- Employees
- 290
- Location
- New Orleans, LA
- Founding
- 02/2008
- Data as of
- 06/2021
- EIN
- 20-0913967
Organization Overview
Einstein Group is located in New Orleans, LA. The organization was established in 2008. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Einstein Group employed 290 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Einstein Group is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Einstein Group generated $21.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $20.8m during the year ending 06/2021. While expenses have increased by 7.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE TUITION-FREE, QUALITY EDUCATION TO STUDENTS IN PRE-KINDERGARTEN THROUGH EIGHTH GRADE IN ORLEANS PARISH. THE SCHOOL SPECIALIZES IN MATH AND SCIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EINSTEIN CHARTER SCHOOL IS AN OPEN ADMISSION SCHOOL PROVIDING EDUCATION WITH A CURRICULUM SPECIALIZED IN MATH AND SCIENCE FOR GRADES PRE-KINDERGARTEN THROUGH EIGHTH GRADE. EINSTEIN CHARTER SCHOOL SERVED 1,602 STUDENTS, TUITION FREE, FROM THE MICHOUD COMMUNITY IN NEW ORLEANS EAST DURING THE 2020-2021 SCHOOL YEAR.WE ARE NOW RECOGNIZED AS A MODEL FOR EXPANDING CHARTER SCHOOL NETWORKS SERVING HIGH POVERTY, HIGH NEEDS STUDENTS. EINSTEIN SERVES WELL OVER HALF OF ALL ENGLISH LANGUAGE LEARNERS IN THE OPSB SYSTEM. RECENT ACHIEVEMENTS INCLUDE: EINSTEIN CHARTER ELEMENTARY SCHOOL AT VILLAGE DE L'EST EARNED THE CHEVRON PROJECT LEAD THE WAY'S DISTINGUISHED SCHOOL AWARD FOR 2017-18, THE ONLY SCHOOL TO DO SO IN LOUISIANA. FOR THE SEVENTH CONSECUTIVE YEAR, 100% OF OUR 8TH GRADE STUDENTS WHO PARTICIPATED IN ALGEBRA I PASSED THEIR END-OF-COURSE EXAM AND EARNED CREDIT PRIOR TO MATRICULATION. FINALLY, ALL EINSTEIN CHARTER SCHOOLS OUTSCORED OR EQUALED OPSB AND LA STATEWIDE TOP GROWTH PERCENTILES FOR ENGLISH LANGUAGE ARTS (ELA). EINSTEIN MIDDLE AND HIGH SCHOOLS OUTSCORED OR EQUALED OPSB AND LA STATEWIDE TOP GROWTH PERCENTILES IN MATH IN 2020.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Mckenzie CEO | Officer | 40 | $173,547 |
Lakenya Collins CFO | Officer | 40 | $122,188 |
Danielle Vappie Elementary Chief School Of | Officer | 40 | $100,773 |
Ashley Daniels CEO | Officer | 40 | $98,934 |
Teisha Goudeau Student Life Director | Officer | 40 | $97,895 |
My Tran Director Of Hr | Officer | 40 | $92,458 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hubbard And Tennyson Speech/language Consultant | 6/29/21 | $146,739 |
Sodexo Food Services | 6/29/21 | $185,037 |
Jani-king Service Janitorial Services | 6/29/21 | $551,863 |
Volunteers Of America Food Services | 6/29/21 | $743,378 |
A&s Transportations Bus Services | 6/29/21 | $231,502 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,476,764 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,476,764 |
| Total Program Service Revenue | $792,652 |
| Investment income | $29,780 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,533,973 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $994,459 |
| Compensation of current officers, directors, key employees. | $541,323 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,772,579 |
| Pension plan accruals and contributions | $2,629,059 |
| Other employee benefits | $1,087,146 |
| Payroll taxes | $218,814 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $79,011 |
| Fees for services: Accounting | $72,628 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,353,968 |
| Advertising and promotion | $3,848 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $354,793 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,125 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,260 |
| Insurance | $84,793 |
| All other expenses | $361,088 |
| Total functional expenses | $20,796,245 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,933,743 |
| Savings and temporary cash investments | $1,249,039 |
| Pledges and grants receivable | $2,544,956 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $12,290 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,740,028 |
| Accounts payable and accrued expenses | $91,755 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $3,825,337 |
| Other liabilities | $1,314,989 |
| Total liabilities | $5,232,081 |
| Net assets without donor restrictions | $4,471,239 |
| Net assets with donor restrictions | $36,708 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,740,028 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Einstein Group has recieved totaling $20,046.
| Awarding Organization | Amount |
|---|---|
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $10,000 |
Pro Bono Publico Foundation New Orleans, LA PURPOSE: PURCHASE IPADS TO SUPPORT STUDENTS WHO DO NOT SPEAK ENGLISH | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $46 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Collegiate Academies New Orleans, LA | $15,386,568 | $45,139,366 |
Renew-Reinventing Education New Orleans, LA | $11,254,190 | $34,978,044 |
Foundation For Louisiana Students Baton Rouge, LA | $21,702,876 | $38,265,312 |
East Texas Advanced Academies Longview, TX | $2,379,457 | $32,700,344 |
Basis Texas Charter Schools Inc San Antonio, TX | $92,451,409 | $31,933,223 |
Discovery Health Sciences Foundation Inc Kenner, LA | $11,194,982 | $30,168,997 |
Arkansas Virtual Academy Little Rock, AR | $3,075,159 | $27,721,037 |
Algiers Charter School Association Inc New Orleans, LA | $11,545,116 | $21,416,188 |
Einstein Group New Orleans, LA | $9,740,028 | $21,533,973 |
Golden Rule Schools Inc Desto, TX | $72,016,277 | $20,883,674 |
Advocates For Arts Based Educationinc New Orleans, LA | $25,052,581 | $22,710,552 |
Lighthouse Academies Of Arkansas Inc North Little Rock, AR | $582,799 | $18,301,867 |