Einstein Group
- Assets
- $10.9m
- Revenue
- $27.1m
- Investments
- $0.0
- Employees
- 295
- Location
- New Orleans, LA
- Founding
- 02/2008
- Data as of
- 06/2022
- 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 06/2022, Einstein Group employed 295 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 06/2022, Einstein Group generated $27.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $23.0m during the year ending 06/2022. While expenses have increased by 7.8% per year over the past 7 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
2022
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 1,561 STUDENTS, TUITION FREE, FROM THE MICHOUD COMMUNITY IN NEW ORLEANS EAST DURING THE 2021-2022 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Durrell Laurent Board Member | OfficerTrustee | 5 | $0 |
Clarice T Kirkland Vice-President | OfficerTrustee | 5 | $0 |
Joe Rochelle Secretary | OfficerTrustee | 5 | $0 |
Lauren Narcisse Board Member | Trustee | 5 | $0 |
Angela Vance Board Member | Trustee | 5 | $0 |
Maya Edwards Board Member | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Food Service | 6/29/22 | $971,160 |
Apple Bus Company Transportation Services | 6/29/22 | $485,471 |
Jani-king Janitorial Services | 6/29/22 | $368,016 |
Hubbard & Tennyson Sped Support Services | 6/29/22 | $118,745 |
Community Works After School Administrators | 6/29/22 | $112,926 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,748,904 |
| 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 | $25,748,904 |
| Total Program Service Revenue | $1,243,389 |
| Investment income | $0 |
| 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 | $27,081,942 |
| 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. | $1,116,121 |
| Compensation of current officers, directors, key employees. | $880,365 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,760,716 |
| Pension plan accruals and contributions | $3,033,231 |
| Other employee benefits | $1,254,276 |
| Payroll taxes | $252,452 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $39,667 |
| Fees for services: Accounting | $112,773 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,204,496 |
| Advertising and promotion | $18,474 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,280 |
| Travel | $44,790 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,008 |
| Insurance | $424,318 |
| All other expenses | $403,537 |
| Total functional expenses | $22,973,494 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,049,134 |
| Savings and temporary cash investments | $1,228,007 |
| Pledges and grants receivable | $5,551,186 |
| 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 | $51,710 |
| Net Land, buildings, and equipment | $10,360 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,890,397 |
| Accounts payable and accrued expenses | $939,341 |
| Grants payable | $0 |
| Deferred revenue | $236,399 |
| 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 | $0 |
| Other liabilities | $1,038,591 |
| Total liabilities | $2,214,331 |
| Net assets without donor restrictions | $8,633,463 |
| Net assets with donor restrictions | $42,603 |
| 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 | $10,890,397 |