2024-05-14T10:33:50-05:00 2023-06-30 720136870 BOURGEOIS BENNETT LLC 111 VETERANS BLVD SUITE 1700 METAIRIE LA 70005 990 2022-07-01 720408943 THE LOUISE S MCGEHEE SCHOOL LOUI 5045611224 2343 PRYTANIA STREET NEW ORLEANS LA 70130 BRITTANEE BAER CHIEF OPERATING OFFICER 5045611224 2024-05-14 1 BRITTANEE BAER 999009999 0 PAUL PECHON P01073556 5048314949 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z KRISTEN BAUMER 2343 PRYTANIA STREET NEW ORLEANS LA 70130 16532234 0 X MCGEHEESCHOOL.COM X 1912 LA THE LOUISE S. MCGEHEE SCHOOL PROVIDES EACH GIRL WITH THE FOUNDATION TO REALIZE HER INDIVIDUAL POTENTIAL THROUGH A RIGOROUS ACADEMIC EDUCATION GUIDED BY HONOR, SERVICE AND LEADERSHIP. IN THIS DYNAMIC, INCLUSIVE COMMUNITY, STUDENTS DEVELOP LIFELONG LEARNING SKILLS THROUGH THE USE OF CRITICAL AND ETHICAL THINKING. 23 23 251 103 0 0 1703247 1604036 13285394 13358709 212787 260407 51440 43679 15252868 15266831 1122393 1113960 0 0 8726745 8670218 0 0 814742 4408604 4605175 14257742 14389353 995126 877478 27422961 29395644 12379375 13166273 15043586 16229371 X THE LOUISE S. MCGEHEE SCHOOL PROVIDES EACH GIRL WITH THE FOUNDATION TO REALIZE HER INDIVIDUAL POTENTIAL THROUGH A RIGOROUS ACADEMIC EDUCATION GUIDED BY HONOR, SERVICE AND LEADERSHIP. IN THIS DYNAMIC, INCLUSIVE COMMUNITY, STUDENTS DEVELOP LIFELONG LEARNING SKILLS THROUGH THE USE OF CRITICAL AND ETHICAL THINKING. 0 0 8757678 13358709 THE LOUISE S. MCGEHEE SCHOOL USED TRADITIONAL AND INNOVATIVE TEACHING STRATEGIES TO PROVIDE AN EXCEPTIONAL LEARNING EXPERIENCE TO 448 YOUNG WOMEN ATTENDING PRE-K THROUGH TWELFTH GRADE, AND 173 YOUNG CHILDREN IN LITTLE GATE EARLY CHILDHOOD DEVELOPMENT, FOR A TOTAL OF 621 STUDENTS DURING THE 2022-2023 ACADEMIC YEAR. THE EXPENSES OF THE EXEMPT PURPOSE OF THE SCHOOL WERE NECESSARY TO SUPPORT NEED-BASED FINANCIAL ASSISTANCE, FACULTY SALARIES AND BENEFITS, TECHNOLOGY UPGRADES, SCIENCE, TECHNOLOGY, ENGINEERING, ARTS, MATH, AND SPECIAL PROGRAMS AND ACTIVITIES TO A DIVERSE POPULATION OF GIRLS IN THE GREATER NEW ORLEANS AREA. 1113960 1113960 FINANCIAL AID FOR 137 STUDENTS ENCOMPASSING ALL GRADE LEVELS. 9871638 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 48 0 1 251 1 0 0 0 0 0 1 1 0 0 0 0 X 23 23 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 1 0 X CHRISTOPHER JAYS CHIEF OPERATING OFFICER 5045611224 2343 PRYTANIA STREET NEW ORLEANS LA 70130 LAURA SHIELDS BOARD CHAIR 1.00 X X 0 0 0 HARRIET MUFFIN BALART TRUSTEE 1.00 X 0 0 0 ADELAIDE WISDOM BENJAMIN TRUSTEE 1.00 X 0 0 0 E JAMES KOCK III TRUSTEE 1.00 X 0 0 0 CAROLYN LORIO TRUSTEE 1.00 X 0 0 0 ROBERT PHILLIPS TRUSTEE 1.00 X 0 0 0 WILLIAM TROUTT TRUSTEE 1.00 X 0 0 0 CHARLEE WILLIAMSON VICE PRESIDENT 1.00 X X 0 0 0 BONITA ROBERTSON-HARDY TRUSTEE 1.00 X 0 0 0 CATHERINE MAKK TRUSTEE 1.00 X 0 0 0 KRISTEN BAUMER TREASURER 1.00 X X 0 0 0 CATHY DRENNAN TRUSTEE 1.00 X 0 0 0 HANNAH DIETSCH BOARD CHAIR ELECT 1.00 X X 0 0 0 GEORGE YOUNG TRUSTEE 1.00 X 0 0 0 ELISE MERLIN TRUSTEE 1.00 X 0 0 0 MARGO PHELPS SECRETARY 1.00 X X 0 0 0 KIMBERLY FIELD-MARVIN HEADMISTRESS 40.00 X 360646 0 20903 BRITTANEE BAER CHIEF OPERATING OFFICER 40.00 X 110766 0 5185 CATHERINE ACOMB RICHARDSON TRUSTEE 1.00 X 0 0 0 KAYE COURINGTON TRUSTEE 1.00 X 0 0 0 BEN DUPUY TRUSTEE 1.00 X 0 0 0 JEN KITNER TRUSTEE 1.00 X 0 0 0 ANN ECUYER ALUMNAE REPRESENTATIVE 1.00 X 0 0 0 TAYLOR POSPISIL PARENTS LEAGUE REPRESENTATIVE 1.00 X 0 0 0 BETSY NALTY TRUSTEE 1.00 X 0 0 0 WHITNEY SAMUEL HEAD OF LOWER SCHOOL 40.00 X 103828 0 2672 575240 0 28760 3 0 1 0 WOODWARD DESIGN BUILD LLC 1000 S NORMAN C FRANCIS PKWY NEW ORLEANS LA 70125 CONSTRUCTION SERVICES 2757456 HEALTHY COURSE MEALS AND SUPPLEMENTS 139 HUEY P LONG AVE GRETNA LA 70053 MEAL SERVICES 726692 JRS EXTREME CLEANING SERVICE 8001 OLGA STREET METAIRIE LA 70003 CLEANING 470069 ABOVE ALL CONSTRUCTION LLC 5013 RIVER ROAD HARAHAN LA 70123 CONSTRUCTION SERVICES 148150 SOUTHEAST WATERPROOFING INC 1028 JUSTIN RD METAIRIE LA 70001 CONSTRUCTION SERVICES 126889 5 50410 441102 1112524 93112 1604036 TUITION & FEES 611110 12556207 12556207 AUXILIARY ACTIVITIES 611110 761994 761994 MISCELLANEOUS INCOME 611110 40508 40508 13358709 78178 78178 1334276 1152047 182229 182229 182229 157035 50410 113356 43679 43679 15266831 13358709 0 304086 1113960 1113960 492316 396929 95387 7399519 5317088 1946592 135839 261851 202923 54582 4346 516532 385587 117943 13002 267330 267330 142582 142582 230675 75168 155507 188962 123227 65735 299957 278752 20593 612 86967 86967 642200 588884 51777 1539 471820 432648 38041 1131 CLASSROOM SUPPLIES & AC 590066 590066 FUNDRAISING 561649 561649 REPAIRS & MAINTENANCE 516070 473225 41608 1237 STUDENT SERVICES 238277 238277 368620 51833 316787 14389353 9871638 3702973 814742 7555398 6203536 176000 187207 200000 200000 52935 58026 578467 549215 28597523 15713962 12442300 12883561 6350222 7170234 67639 2143865 27422961 29395644 866107 879416 5583062 5937663 3640000 3360000 2290206 2989194 12379375 13166273 X 8916787 9765798 6126799 6463573 15043586 16229371 27422961 29395644 877478 308307 0 X 0 1 X 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6465188 168809 563681 270163 6927515 8119163 188049 -1842024 6465188 6265095 153229 1700839 8119163 6215419 245509 -195833 6265095 6113778 84644 108450 84644 6809 6215419 0.06700 0.93300 0 0 1310583 1310583 23292645 14842951 8449694 1223675 871011 352664 2770620 2770620 12883561 ACCRUED INVESTMENT INCOME 19474 BOND ISSUE COSTS - NET 47556 FINANCE LEASE RIGHT-OF-USE ASSET 2076835 2143865 CAPITAL LEASE PAYABLE 2260307 LINE OF CREDIT 728887 2989194 X 14461178 308307 308307 14152871 1113960 1113960 15266831 13275393 0 13275393 1113960 1113960 14389353 PART X, LINE 2: THE SCHOOL HAS RECEIVED A TAX-EXEMPT RULING UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND ACCORDINGLY, IS NOT SUBJECT TO FEDERAL TAXES UNLESS THE SCHOOL HAS UNRELATED TRADE OR BUSINESS INCOME. ACCOUNTING STANDARDS PROVIDE DETAILED GUIDANCE FOR FINANCIAL STATEMENT RECOGNITION, MEASUREMENT, AND DISCLOSURE OF UNCERTAIN TAX POSITIONS RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS. IT REQUIRES AN ENTITY TO RECOGNIZE THE FINANCIAL STATEMENT IMPACT OF A TAX POSITION WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL NOT BE SUSTAINED UPON EXAMINATION. TAX YEARS ENDED JUNE 30, 2020 AND LATER REMAIN SUBJECT TO EXAMINATION BY TAXING AUTHORITIES. AS OF JUNE 30, 2023, MANAGEMENT OF THE SCHOOL BELIEVES THAT IT HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL ASSISTANCE NETTED AGAINST REVENUE IN FINANCIAL STATEMENTS 1,113,960. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL ASSISTANCE NETTED AGAINST REVENUE IN FINANCIAL STATEMENTS 1,113,960. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE ORGANIZATION'S RACIAL NONDISCRIMINATORY POLICY IS AVAILABLE ON THE ORGANIZATION'S WEBSITE AS WELL AS ITS STUDENT APPLICATION PACKETS. SCHEDULE E, PART I, LINE 6 THE AMERICAN RESCUE PLAN ACT 2021 (ARP ACT) INCLUDED $39 BILLION IN NEW CHILD CARE FUNDING, INCLUDING $24 BILLION FOR CHILD CARE STABILIZATION GRANTS TO PROVIDERS AND $15 BILLION IN SUPPLEMENTAL CHILD CARE AND DEVELOPMENT FUND (CCDF) DISCRETIONARY FUNDS. ON MAY 10, 2021, THE OFFICE OF CHILD CARE (OCC) ISSUED GUIDANCE FOR STATES, TERRITORIES, AND TRIBES ON REQUIREMENTS AND RECOMMENDATIONS FOR THE CHILD CARE STABILIZATION FUNDING INCLUDED IN SECTION 2202 OF THE ARP ACT. THE SCHOOL RECEIVED $441,102 OF GRANT FUNDS DURING THE YEAR ENDED JUNE 30, 2023, TO SUPPORT THE LITTLE GATE PROGRAM. THE SCHOOL DID NOT RECEIVE FUNDS FOR THE YEAR ENDED JUNE 30, 2022. PARENT'S LEAGUE GALA 125148 50410 74738 59885 PARENT'S LEAGUE SPIRIT NIGHT 28874 0 28874 18047 8 53423 0 53423 35424 207445 50410 157035 113356 113356 43679 1 FINANCIAL AID TO STUDENTS OF THE SCHOOL 137 1113960 PART I, LINE 2: THE ORGANIZATION DOES NOT ISSUE GRANTS TO ORGANIZATIONS. IT ISSUES FINANCIAL ASSISTANCE FOR TUITION RELIEF TO STUDENTS OF THE SCHOOL BASED ON SPECIFIC CRITERIA. X 1 1 X X 0 0 0 0 0 0 0 0 0 KIMBERLY FIELD-MARVIN HEADMISTRESS 298928 0 13500 0 48218 0 0 0 20903 0 381549 0 0 0 A LOUISIANA LOCAL GOVERNMENT ENVIRONMENTAL FACILITIES & COMMUNITY DEVELOPMENT 721416168 546282CH5 2010-06-17 7000000 SEE DESCRIPTION OF PURPOSE IN SCHEDULE K, PAGE 3, PART VI 0 0 0 A 7000000 135689 6864311 2015 0 0 0 0 A 0 0 0 0 0 0 0 A 0 0 0 0 1 1 HANCOCK WHITNEY BANK 5.000000000000 1 0 0 0 0 A 0 FORM 990, SCHEDULE K, PAGE 1, PART I, LINE A(F) THE LOUISE S. MCGEHEE SCHOOL WILL USE THE PROCEEDS OF THE BONDS TO (A) REFINANCE THE PRIOR LOANS; (B) FINANCE THE CONSTRUCTION, RENOVATION, EQUIPPING AND FURNISHING OF CERTAIN BUILDINGS AND FACILITIES ON THE CAMPUS OF THE LOUISE S. MCGEHEE SCHOOL IN NEW ORLEANS, LOUISIANA AND (C) PAY A PORTION OF THE COSTS OF ISSUANCE OF THE BONDS. X 3 93112 NYSE 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 SCHOOL ENDOWMENT FUND IS MANAGED BY VILLERE & CO. MR. YOUNG IS A PARTNER THERE. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE RETURN IS PROVIDED TO THE CHIEF FINANCIAL OFFICER, WHO REVIEWS AND PROVIDES EDITS TO THE RETURN, AND THEN SUBMITS A DRAFT TO THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES FOR REVIEW BEFORE THE RETURN IS FILED. THE TREASURER APPROVES THE RETURN AND AUTHORIZES THE CPA FIRM TO FINALIZE THE RETURN FOR SIGNATURE AND FILING. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS EACH TRUSTEE SIGNS AN ACKNOWLEDGEMENT THAT THEY ARE AWARE OF THE ORGANIZATION'S CONFLICT OF INTEREST POLICY AND ARE IN COMPLIANCE WITH IT. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES UTILIZES THE SERVICES OF AN INDEPENDENT COMPENSATION CONSULTANT TO DETERMINE THE COMPENSATION OF THE HEADMISTRESS. THE CONSULTANT SPECIALIZES IN COMPENSATION FOR INDEPENDENT SCHOOLS AND USES COMPARABLE DATA IN ITS RECOMMENDATIONS. THE RECOMMENDATION IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD AND PRESENTED TO THE FULL BOARD FOR DISCUSSION AND APPROVAL. THE ORGANIZATION'S EMPLOYEE BENEFITS LEGAL COUNSEL IS USED TO PREPARE THE HEADMISTRESS'S EMPLOYMENT AGREEMENT. THE COMPENSATION OF THE BUSINESS OFFICER IS DETERMINED BY THE HEADMISTRESS. FORM 990, PART VI, SECTION C, LINE 19 ALL OF THE ORGANIZATION'S GOVERNING AND REPORTING DOCUMENTS ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST.