Hynes Charter School Corporation
- Assets
- $8.2m
- Revenue
- $19.9m
- Investments
- $0.0
- Employees
- 251
- Location
- New Orleans, LA
- Founding
- 06/2008
- Data as of
- 06/2022
- EIN
- 20-4452631
Organization Overview
Hynes Charter School Corporation 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, Hynes Charter School Corporation employed 251 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hynes Charter School Corporation 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, Hynes Charter School Corporation generated $19.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $18.6m during the year ending 06/2022. While expenses have increased by 14.2% 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
PUBLIC SCHOOL EDUCATIONAL INSTITUTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELEMENTARY EDUCATION PROMOTING LIFELONG LEARNING WITH THE COOPERATION OF FAMILIES AND THE COMMUNITY. HYNES PROVIDES QUALITY EDUCATION, SHAPING LEADERS FOR A CHANGING WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Douglas CEO | Officer | 50 | $182,125 |
Leon Mathes CFO | Officer | 44 | $126,608 |
Shawn R Persick COO | Officer | 44 | $124,497 |
Anne Kramer Chief Academic Officer | Officer | 45 | $92,973 |
Jeannine Lafonta Chief Student Services Officer | Officer | 44 | $92,442 |
Kris Scairono Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chillco Repairs & Maintenance | 6/29/22 | $123,989 |
Mesalain Consulting Group Consulting | 6/29/22 | $124,215 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $18,613,778 |
| All other contributions, gifts, grants, and similar amounts not included above | $782,280 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,396,058 |
| Total Program Service Revenue | $525,356 |
| Investment income | $11,001 |
| 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 | $19,932,415 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $555,000 |
| 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. | $623,044 |
| Compensation of current officers, directors, key employees. | $78,221 |
| Compensation to disqualified persons | $8,965,855 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $2,256,768 |
| Other employee benefits | $1,163,979 |
| Payroll taxes | $159,580 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,089,652 |
| Advertising and promotion | $20,066 |
| Office expenses | $0 |
| Information technology | $360,675 |
| Royalties | $0 |
| Occupancy | $511,764 |
| Travel | $82,226 |
| 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 | $15,062 |
| Insurance | $314,438 |
| All other expenses | $333,541 |
| Total functional expenses | $18,591,129 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,222,107 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,561,756 |
| 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 | $206,648 |
| Prepaid expenses and deferred charges | $122,159 |
| Net Land, buildings, and equipment | $89,305 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,400 |
| Total assets | $8,219,375 |
| Accounts payable and accrued expenses | $1,066,277 |
| Grants payable | $0 |
| Deferred revenue | $146,051 |
| 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 | $0 |
| Total liabilities | $1,212,328 |
| Net assets without donor restrictions | $6,989,385 |
| Net assets with donor restrictions | $17,662 |
| 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 | $8,219,375 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Hynes Charter School Corporation has recieved totaling $32,523.
| Awarding Organization | Amount |
|---|---|
Pro Bono Publico Foundation New Orleans, LA PURPOSE: PUBLIC SCHOOL EDUCATIONAL INSTITUTION | $25,000 |
The Greater New Orleans Foundation New Orleans, LA PURPOSE: EDUCATION | $7,523 |
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 |