Collegiate Academies
- Assets
- $15.4m
- Revenue
- $45.1m
- Investments
- $0.0
- Employees
- 562
- Location
- New Orleans, LA
- Founding
- 09/2010
- Data as of
- 06/2021
- EIN
- 80-0601507
Organization Overview
Collegiate Academies is located in New Orleans, LA. The organization was established in 2010. 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, Collegiate Academies employed 562 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Collegiate Academies 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, Collegiate Academies generated $45.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $43.7m during the year ending 06/2021. While expenses have increased by 13.4% 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
COLLEGIATE ACADEMIES BUILDS WORLD-CLASS PUBLIC SCHOOLS THAT PREPARE ALL STUDENTS FOR COLLEGE SUCCESS AND LIVES OF UNLIMITED OPPORTUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGIATE ACADEMIES OPERATED SIX SCHOOLS THIS YEAR, SERVING NEARLY 3,000 PUBLIC SCHOOL STUDENTS IN NEW ORLEANS AND BATON ROUGE. OVER 98% OF GRADUATING SENIORS WERE ACCEPTED INTO A 2 OR 4 YEAR COLLEGE OR UNIVERSITY. ALL COLLEGIATE ACADEMY SCHOOLS RECEIVED A "B OR BETTER LETTER GRADE FROM THE STATE OF LOUISIANA FOR ACADEMIC PROGRESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benjamin Davis Principal | Officer | 40 | $155,255 |
Jerel Bryant Principal | Officer | 40 | $154,381 |
Rhonda Dale Principal | Officer | 40 | $154,381 |
Benjamin Marcovitz Chief Executive Officer | Officer | 40 | $151,066 |
Evan Stoudt Principal | Officer | 40 | $143,100 |
Kelsey E Lambrecht Principal | Officer | 40 | $135,450 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Empire Janitorial Sales & Services Llc Custodial Services | 6/29/21 | $727,541 |
Rp Landscaping Llc Landscapping Upkeep Services | 6/29/21 | $218,690 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $42,806,097 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,304,213 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $45,110,310 |
| Total Program Service Revenue | $0 |
| Investment income | $29,056 |
| 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 | $45,139,366 |
| 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. | $2,317,490 |
| Compensation of current officers, directors, key employees. | $1,073,416 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,373,381 |
| Pension plan accruals and contributions | $628,192 |
| Other employee benefits | $2,301,978 |
| Payroll taxes | $1,992,285 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $56,091 |
| Fees for services: Accounting | $97,842 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,564,799 |
| Advertising and promotion | $73,156 |
| Office expenses | $3,253,139 |
| Information technology | $331,449 |
| Royalties | $0 |
| Occupancy | $2,026,745 |
| Travel | $55,222 |
| 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 | $20,387 |
| Insurance | $609,477 |
| All other expenses | $0 |
| Total functional expenses | $43,701,633 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,245,817 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,727,514 |
| 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 | $196,224 |
| Net Land, buildings, and equipment | $217,013 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,386,568 |
| Accounts payable and accrued expenses | $2,000,606 |
| 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 | $0 |
| Total liabilities | $2,000,606 |
| Net assets without donor restrictions | $13,385,962 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $15,386,568 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Collegiate Academies has recieved totaling $668,074.
| Awarding Organization | Amount |
|---|---|
New Venture Fund Washington, DC PURPOSE: YOUTH DEVELOPMENT AND EDUCATION | $349,190 |
City Fund Beaverton, OR PURPOSE: OPERATING SUPPORT | $203,500 |
Lauren And Lee Fixel Family Foundation Inc New York, NY PURPOSE: EDUCATION | $50,000 |
Pro Bono Publico Foundation New Orleans, LA PURPOSE: DEVELOPING EXCELLENT EDUCATORS PROGRAM | $25,000 |
The Greater New Orleans Foundation New Orleans, LA PURPOSE: EDUCATION | $21,028 |
The Center For Learner Equity Inc New York, NY PURPOSE: DEEPEN QUALITY OF EDUCATIONAL SERVICES AND INCREASE THE CAPACITY OF SPECIALIZED PROGRAMS TO SERVE STUDENTS WITH SIGNIFICANT DISABILITIES. | $19,356 |
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 |