2018-02-20T10:34:15-06:00 2017-06-30 720136870 Bourgeois Bennett LLC 111 Veterans Blvd 17th Floor Metairie LA 70005 990 2016-07-01 720408943 The Louise S McGehee School LOUI 5045611224 2343 Prytania Street New Orleans LA 70130 Baldwin Montgomery current treasurer 5045611224 2018-02-19 1 Paul Pechon P01073556 5048314949 172.81.70.34 2018-02-19 10:06:43 CS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 5F816FB6F34A8FFDBDACB4A04548A883864908A0 2016 2021-01-29 14:40:06Z Eileen F Powers 2343 Prytania Street New Orleans LA 70130 16570950 0 X MCGEHEESCHOOL.COM X 1912 LA To provide a college preparatory education to girls in an inclusive environment which fosters self-esteem, encourages high personal standards, addresses individual student needs and emphasizes active student participation in the learning process. The program uses traditional & innovative teaching strategies to challenge students, foster enthusiasm & a commitment to lifelong learning. 32 32 228 200 0 0 1424611 1604299 10865858 11080949 191668 515006 99202 636636 12581339 13836890 1033058 1051684 0 0 8740965 8495290 0 0 162285 4294332 4378649 14068355 13925623 -1487016 -88733 22725045 22952876 11889100 11944433 10835945 11008443 X To provide a college preparatory education to girls in an inclusive environment which fosters self-esteem, encourages high personal standards, addresses individual student needs and emphasizes active student participation in the learning process. The program uses traditional & innovative teaching strategies to challenge students, and to foster enthusiasm & a commitment to lifelong learning. 0 0 8754033 11080949 The Louise S. McGehee School used traditional and innovative teaching strategies to provide an exceptional learning experience to 489 young women attending Pre-K through Twelfth Grade, and 145 young children in Little Gate Early Childhood Development, for a total of 634 students during the 2016-2017 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. 1051684 1051684 Financial Aid for 164 Students ENCOMPASSING ALL GRADE LEVELS. 9805717 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 28 0 1 228 1 0 0 0 0 0 0 0 0 X 32 32 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 1 0 X Jenny Welsch BUSINESS OFFICE 5045611224 2343 PRYTANIA STREET NEW ORLEANS LA 70130 Gene Dry PRESIDENT 1.00 X X 0 0 0 Richard Currence Jr First Vice President 1.00 X X 0 0 0 margo sanders phelps Second Vice President 1.00 X X 0 0 0 Scott Zander TREASURER 1.00 X X 0 0 0 mary von kurnatowski SECRETARY 1.00 X X 0 0 0 DONNA APGAR trustee 1.00 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 Christian Blessey Trustee 1.00 X 0 0 0 Caroline Monsted Brady Trustee 1.00 X 0 0 0 J Randolph Bryan Trustee 1.00 X 0 0 0 Charlotte Christman Trustee 1.00 X 0 0 0 Virginia Sweet Dupuy Trustee 1.00 X 0 0 0 Madhavi King trustee 1.00 X 0 0 0 E James Kock III TRUstee 1.00 X 0 0 0 john lagarde trustee 1.00 X 0 0 0 Megan Layman trustee 1.00 X 0 0 0 J Baldwin Montgomery TRUstee 1.00 X 0 0 0 Betsy Nalty Trustee 1.00 X 0 0 0 Jude Olinger Trustee 1.00 X 0 0 0 Jill Plotkin Trustee 1.00 X 0 0 0 Maury Rendeiro Trustee 1.00 X 0 0 0 Mary Schmidt TRUstee 1.00 X 0 0 0 Laura Shields TRUstee 1.00 X 0 0 0 Bootsie Barkerding Smith Trustee 1.00 X 0 0 0 Melissa Steiner trustee 1.00 X 0 0 0 John Stockmeyer Trustee 1.00 X 0 0 0 Catherine Burns Tremaine Trustee 1.00 X 0 0 0 George Villere Trustee 1.00 X 0 0 0 Elizabeth Williams Trustee 1.00 X 0 0 0 James Williams Sr Trustee 1.00 X 0 0 0 George Young Trustee 1.00 X 0 0 0 Eileen Powers Headmistress 40.00 X 399796 0 17454 Bonnie M LaGraize Former chief financial officer 30.00 X 52889 0 3477 jennifer a welsch chief financial officer 40.00 X 59000 0 0 Mimi Odem Director of Admissions 40.00 X 104030 0 5631 615715 0 26562 2 0 1 0 healthy course meals and supplements 139 huey p long ave gretna LA 70053 meal services 351742 ANGELIC HANDS CLEANING SERVICES 315 WESTMINSTER DR SLIDELL LA 70460 DAILY JANITORIAL SERVICES 134852 2 1604299 1604299 Tuition & Fees 611110 10803594 10803594 Auxiliary Activities 611110 147663 147663 Miscellaneous Income 611110 129692 129692 11080949 17875 17875 3134207 2637076 497131 497131 497131 206608 96984 109624 109624 Historical Tax Credit 611110 527012 527012 527012 13836890 11080949 0 1151642 1051684 1051684 532616 383113 149503 7214527 5189441 2025086 293689 211252 82437 454458 326894 127564 58166 58166 87269 69815 17454 56142 47721 8421 193713 154970 38743 139931 139931 787446 669329 118117 317569 317569 plant expenses 827173 665825 161348 provisions for doubtful 460174 460174 Tuition Remission 419156 419156 Instructional Materials 406315 340862 65453 625595 275655 253108 96832 13925623 9805717 3957621 162285 1044161 2470102 855539 69071 557121 368566 446190 182447 96039 62873 207390 290661 26339483 13016564 13295671 13322919 6090459 6060836 132475 125401 22725045 22952876 801960 617194 2958538 3504593 6320000 6040000 1808602 1782646 11889100 11944433 X 5209946 4254432 2146071 3274083 3479928 3479928 10835945 11008443 22725045 22952876 -88733 261231 0 X 0 1 X 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6653446 74960 772022 420908 4215 7075305 8284287 87105 -793379 896882 27685 6653446 7794131 1045175 -32344 494362 28313 8284287 6123845 1038919 1087925 452758 3800 7794131 5255528 30595 1336404 443437 55245 6123845 0.06330 0.44490 0.49180 0 0 1310583 1310583 23415097 11834468 11580629 1613803 1182096 431707 13322919 Capital Lease Payable 1782646 1782646 X 13046437 261231 261231 12785206 1051684 1051684 13836890 12873939 0 12873939 1051684 1051684 13925623 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, 2014 and later remain subject to examination by taxing authorities. As of June 30, 2017, 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 1,051,684. Part XII, Line 4b - Other Adjustments: FINANCIAL ASSISTANCE NETTED AGAINST REVENUE IN FINANCIAL STATEMENTS 1,051,684. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 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. SPRING AUCTION 113807 113807 35694 SPIRIT NIGHT 33438 33438 13498 7 59363 59363 47792 206608 206608 96984 96984 109624 1 FINANCIAL AID TO STUDENTS OF THE SCHOOL 164 1051684 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 Eileen Powers Headmistress 355796 0 0 0 44000 0 13250 0 4204 0 417250 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 Whitney National 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. Gene Dry TRUSTEE 10050 Wife is employee of McGehee and eligible for tuition remission others trustees and HCE 29545 financial assistance to other interested persons aid to other interested persons who meet the requirements for student aid. Gene Dry Trustee 28610 PARTNER IN COMPANY THAT PROVIDES TELEPHONE SERVICE TO THE SCHOOL 0 george young Trustee 38523 SCHOOL ENDOWMENT FUND IS MANAGED BY VILLERE & CO. MR. YOUNG IS A PARTNER THERE. 0 Form 990, Part VI, Section A, line 2 See Schedule L for explanation of relationships. 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.