New Orleans College Preparatoryacademies
- Assets
- $5.4m
- Revenue
- $9.1m
- Investments
- $0.0
- Employees
- 191
- Location
- New Orleans, LA
- Founding
- 11/2007
- Data as of
- 06/2022
- EIN
- 20-5595689
Organization Overview
New Orleans College Preparatoryacademies is located in New Orleans, LA. The organization was established in 2007. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2022, New Orleans College Preparatoryacademies employed 191 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Orleans College Preparatoryacademies 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, New Orleans College Preparatoryacademies generated $9.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.3%) each year. All expenses for the organization totaled $7.8m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (10.7%) per year over the past 8 years. 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 EDUCATIONAL SERVICES ACCORDING TO THOSE ESTABLISHED BY LAW, THE CHARTER CONTRACT AND THE CHARTER APPLICATION/PROPOSAL; MEASURE PUPIL PROGRESS TOWARD STATED GOALS; AND PARTICIPATE IN PUPIL ASSESSMENTS REQUIRED BY LAW, REGULATION, AND THE STATE OF LOUISIANA BOARD OF ELEMENTARY AND SECONDARY EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE EDUCATIONAL SERVICES ACCORDING TO THOSE ESTABLISHED BY LAW, THE CHARTER CONTRACT AND THE CHARTER APPLICATION/PROPOSAL; MEASURE PUPIL PROGRESS TOWARD STATED GOALS; AND PARTICIPATION IN PUPIL ASSESSMENTS REQUIRED BY LAW, REGULATION, AND THE STATE OF LOUISIANA BOARD OF ELEMENTARY AND SECONDARY EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel Castro Former CEO | Trustee | 40 | $153,569 |
J'vann Martin CEO | Trustee | 40 | $99,862 |
Ingrid Alvarado Member | Trustee | 2 | $0 |
Stephen Boyard Member | Trustee | 2 | $0 |
Barbara Macphee Member | Trustee | 2 | $0 |
Marcus Pierre Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,475,509 |
| 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 | $9,072,309 |
| Statement of Expenses | |
|---|---|
| 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. | $253,431 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,760,263 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $392,221 |
| Payroll taxes | $360,577 |
| 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 | $502,293 |
| Advertising and promotion | $0 |
| Office expenses | $109,364 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $229,841 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $29,863 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $93,444 |
| Insurance | $136,415 |
| All other expenses | $0 |
| Total functional expenses | $7,840,360 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,140,280 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,561,324 |
| 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 |
| Investments—publicly traded securities | $197,017 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,400,382 |
| Accounts payable and accrued expenses | $889,724 |
| 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 | $0 |
| Other liabilities | $526,972 |
| Total liabilities | $1,416,696 |
| Net assets without donor restrictions | $3,983,686 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $3,983,686 |