Discovery Health Sciences Foundation Inc
- Assets
- $11.2m
- Revenue
- $30.2m
- Investments
- $0.0
- Employees
- 352
- Location
- Kenner, LA
- Founding
- 11/2012
- Data as of
- 06/2021
- EIN
- 45-3761886
Organization Overview
Discovery Health Sciences Foundation Inc is located in Kenner, LA. The organization was established in 2012. 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, Discovery Health Sciences Foundation Inc employed 352 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Discovery Health Sciences Foundation Inc 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, Discovery Health Sciences Foundation Inc generated $30.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 24.4% each year . All expenses for the organization totaled $27.2m during the year ending 06/2021. While expenses have increased by 22.4% 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
THE MISSION OF DISCOVERY HEALTH SCIENCES FOUNDATION IS TO PROVIDE A RIGOROUS LEARNING ENVIRONMENT WHERE STUDENTS ACHIEVE ACADEMICALLY, DEVELOP INTELLECTUAL CURIOSITY, AND PRACTICE ENVIRONMENTAL RESPONSIBILITY WHILE EXPLORING HEALTH AND SCIENCE TOPICS AND CAREERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISCOVERY CHARTER SCHOOLS ARE OPEN-ENROLLMENT TYPE 1 CHARTER SCHOOLS AUTHORIZED BY JEFFERSON PARISH PUBLIC SCHOOL SYSTEM. ALL DISCOVERY SCHOOLS ARE FREE PUBLIC SCHOOLS THAT HAVE THE FLEXIBILITY TO ADAPT TO THE EDUCATIONAL NEEDS OF INDIVIDUAL STUDENTS.DISCOVERY SCHOOLS BEGAN SERVING FAMILIES OF JEFFERSON PARISH IN 2013. ORIGINALLY AN IDEA HELD BY A SMALL GROUP OF JEFFERSON PARISH RESIDENTS TO REFORM PUBLIC EDUCATION, IT HAS SINCE GROWN INTO A SUCCESSFUL AND HIGH DEMAND CHARTER SCHOOL NETWORK. FOUNDED IN 2013, KENNER DISCOVERY HEALTH SCIENCES ACADEMY OPENED ITS DOORS TO 420 STUDENTS IN GRADES PRE-K-3RD, 5TH AND 6TH GRADE. EACH YEAR, KENNER DISCOVERY ADDED MORE GRADE LEVELS AND STUDENTS. NOW IN ITS NINTH YEAR, THE SCHOOL SERVES OVER 2,000 STUDENTS IN GRADES PRE-K-12.
DISCOVERY CHARTER SCHOOLS ARE OPEN-ENROLLMENT TYPE 1 CHARTER SCHOOLS AUTHORIZED BY JEFFERSON PARISH PUBLIC SCHOOL SYSTEM. ALL DISCOVERY SCHOOLS ARE FREE PUBLIC SCHOOLS THAT HAVE THE FLEXIBILITY TO ADAPT TO THE EDUCATIONAL NEEDS OF INDIVIDUAL STUDENTS.DISCOVERY SCHOOLS BEGAN SERVING FAMILIES OF JEFFERSON PARISH IN 2013. ORIGINALLY AN IDEA HELD BY A SMALL GROUP OF JEFFERSON PARISH RESIDENTS TO REFORM PUBLIC EDUCATION, IT HAS SINCE GROWN INTO A SUCCESSFUL AND HIGH DEMAND CHARTER SCHOOL NETWORK. FOUNDED IN 2013, KENNER DISCOVERY HEALTH SCIENCES ACADEMY OPENED ITS DOORS TO 420 STUDENTS IN GRADES PRE-K-3RD, 5TH AND 6TH GRADE. EACH YEAR, KENNER DISCOVERY ADDED MORE GRADE LEVELS AND STUDENTS. NOW IN ITS NINTH YEAR, THE SCHOOL SERVES OVER 2,000 STUDENTS IN GRADES PRE-K-12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patty Glaser PHD CEO | Officer | 40 | $223,345 |
Don Wheat CFO | Officer | 40 | $122,495 |
Sharon Preen Ahos Cao | 40 | $109,438 | |
Wayne Thomas Treasurer | OfficerTrustee | 5 | $0 |
Ronnie Slone Vice Chair/secretary | OfficerTrustee | 5 | $0 |
Lynda Nugent-Smith Board Chair | OfficerTrustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Adams & Reese Llp Legal Services | 6/29/21 | $284,092 |
Kellermeyer Bergensons Services Llc Janitorial Services | 6/29/21 | $382,478 |
Albright Management Strategies Llc Owners Rep Services | 6/29/21 | $113,587 |
Kellermeyer Bergensons Services Llc Janitorial Services | 6/29/21 | $382,478 |
Adams & Reese Llp Legal Services | 6/29/21 | $284,092 |
Honors Transportation Llc School Bus Transportation | 6/29/21 | $1,116,585 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $29,687,664 |
| All other contributions, gifts, grants, and similar amounts not included above | $48,941 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,736,605 |
| Total Program Service Revenue | $419,483 |
| Investment income | $5,532 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,382 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,995 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,168,997 |
| 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. | $440,830 |
| Compensation of current officers, directors, key employees. | $440,830 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,469,781 |
| Pension plan accruals and contributions | $412,974 |
| Other employee benefits | $1,240,323 |
| Payroll taxes | $1,050,499 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $118,240 |
| Fees for services: Accounting | $40,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $738,527 |
| Advertising and promotion | $49,952 |
| Office expenses | $82,820 |
| Information technology | $210,520 |
| Royalties | $0 |
| Occupancy | $5,100,502 |
| Travel | $38,863 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,634 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $444,360 |
| Insurance | $64,084 |
| All other expenses | $839,802 |
| Total functional expenses | $27,226,152 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,697,941 |
| Savings and temporary cash investments | $2,237,541 |
| Pledges and grants receivable | $2,500,862 |
| 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 | $193,714 |
| Net Land, buildings, and equipment | $308,681 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,256,243 |
| Total assets | $11,194,982 |
| Accounts payable and accrued expenses | $1,570,894 |
| Grants payable | $0 |
| Deferred revenue | $78,477 |
| 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 | $314,749 |
| Total liabilities | $1,964,120 |
| Net assets without donor restrictions | $9,063,609 |
| Net assets with donor restrictions | $167,253 |
| 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 | $11,194,982 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Discovery Health Sciences Foundation Inc has recieved totaling $16,943.
| Awarding Organization | Amount |
|---|---|
The Greater New Orleans Foundation New Orleans, LA PURPOSE: EDUCATION | $16,105 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $838 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Riverwalk Education Foundation Inc Leon Valley, TX | $396,093,988 | $109,250,212 |
Kipp New Orleans Inc New Orleans, LA | $40,708,301 | $82,308,367 |
Jubilee Academic Center Inc San Antonio, TX | $137,938,000 | $77,234,033 |
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 |