2013-05-02T17:05:52-05:00 2012-06-30 720136870 BOURGEOIS BENNETT LLC 111 VETERANS BLVD 17TH FLOOR METAIRIE LA 70005 990 2011-07-01 720408943 THE LOUISE S MCGEHEE SCHOOL LOUI 5045611224 2343 PRYTANIA STREET NEW ORLEANS LA 70130 EILEEN F POWERS 5045611224 2013-04-23 1 PAUL PECHON P01073556 5048314949 2011 2016-02-25 16:41:14Z EILEEN F POWERS 2343 PRYTANIA STREET NEW ORLEANS LA 70130 14499401 0 X MCGEHEESCHOOL.COM X 1912 LA TO PROVIDE A COLLEGE PREPARATORY EDUCATION 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. 29 28 230 400 0 0 3698759 2064883 9366103 9752077 171155 282534 121136 98128 13357153 12197622 849000 918000 0 0 6786465 7426584 0 0 185441 3333583 3676846 10969048 12021430 2388105 176192 21338145 21566021 9911070 9614047 11427075 11951974 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 7876621 9752077 INSTRUCTION AND STUDENT ACTIVITY FOR 534 STUDENTS ATTENDING PRE-K THROUGH TWELFTH GRADE. 918000 FINANCIAL AID FOR 150 STUDENTS ENCOMPASSING ALL GRADE LEVELS. 8794621 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 0 1 21 0 1 230 1 0 0 0 0 0 0 0 0 X 29 28 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 X BONNIE LAGRAIZE BUSINESS OFFICE 5045611224 2343 PRYTANIA STREET NEW ORLEANS LA 70130 CHARLOTTE TRAVIESO 1.00 X X 0 0 0 ELLEN COLEMAN 1.00 X X 0 0 0 TARA HERNANDEZ 1.00 X X 0 0 0 PETER MOSS 1.00 X X 0 0 0 ERIN WESTON 1.00 X X 0 0 0 HERSCHEL ABBOTT 1.00 X 0 0 0 MUFFIN BALART 1.00 X 0 0 0 CLAY BEERY 1.00 X 0 0 0 ADELAIDE WISDOM BENJAMIN 1.00 X 0 0 0 MAURICE BROWN 1.00 X 0 0 0 SCOTT BROWN 1.00 X 0 0 0 MATHILDE CURRENCE 1.00 X 0 0 0 PAMELA DONGIEUX 1.00 X 0 0 0 GENE DRY 1.00 X 0 0 0 MARGO JACKSON DUBOS 1.00 X 0 0 0 TOM FAVROT 1.00 X 0 0 0 TIM FRANCIS 1.00 X 0 0 0 CAROLYN WOOD LORIO 1.00 X 0 0 0 ELISE LAPEYRE MERLIN 1.00 X 0 0 0 BETSY NALTY 1.00 X 0 0 0 HARRIET NELSON 1.00 X 0 0 0 CHUCK PERRET 1.00 X 0 0 0 PERRIN ROME 1.00 X 0 0 0 JUSTIN SCHMIDT 1.00 X 0 0 0 LAURA SHIELDS 1.00 X 0 0 0 MELISSA STEINER 1.00 X 0 0 0 GEORGE VILLERE 1.00 X 0 0 0 JAMES WILLIAMS 1.00 X 0 0 0 ASHLEY FRANCIS 1.00 X 0 0 0 EILEEN POWERS 40.00 X 335870 0 15500 BONNIE M LAGRAIZE 40.00 X 0 0 0 335870 0 15500 1 0 1 0 DINO'S CATERING 5125 ACADEMY DR METAIRIE LA 70003 CAMPUS AND SPECIAL EVENT CATERING 161744 JOHN GALIOURAS 5716 RUTH ST METAIRIE LA 70003 PAINTING & CONSTRUCTION 111680 MR SPARKLE JANITORIAL 10164 JEFFERSON HWY RIVER RIDGE LA 70123 DAILY JANITORIAL SERVICES 111243 3 2064883 2064883 TUITION & FEES 611110 9670568 9670568 MISCELLANEOUS INCOME 611110 73709 73709 AUXILIARY ACTIVITIES 611110 7800 7800 9752077 59904 59904 2275961 2053331 222630 222630 222630 346576 248448 98128 98128 12197622 9752077 0 380662 918000 918000 445470 322544 122926 5852829 4237752 1615077 253584 183608 69976 436658 316163 120495 438043 247393 190650 34801 34801 47561 40427 7134 118294 94635 23659 14512 14512 58405 58405 786090 668177 117913 243677 243677 PLANT EXPENSES 534492 427594 106898 INSTRUCTIONAL MATERIALS 451417 451417 TUITION REMISSION 324609 324609 LITTLE GATE 218863 218863 844125 343439 315245 185441 12021430 8794621 3041368 185441 4210646 4265988 2192675 2385807 433707 536250 108413 150788 41807 69437 197537 220584 17536837 9243407 8665681 8293430 5317180 5482699 170499 161038 21338145 21566021 611854 531543 2156732 2352350 7000000 6650000 142484 80154 9911070 9614047 X 6255292 6435866 1797229 2125174 3374554 3390934 11427075 11951974 21338145 21566021 X 176192 348707 X 0 1 0 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4976623 16580 630695 351666 16704 5255528 4185426 60670 1079658 330779 18352 4976623 3874827 3600 649699 318114 24586 4185426 5370050 29496 -1067607 456440 672 3874827 0.01450 0.64520 0.34030 0 0 1310583 1310583 14927074 8452307 6474767 1095040 718270 376770 204140 72830 131310 8293430 CAPITAL LEASE PAYABLE 80154 80154 12197622 12021430 176192 348707 348707 524899 11628329 348707 348707 11279622 918000 918000 12197622 11103430 0 11103430 918000 918000 12021430 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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, 2009 AND LATER REMAIN SUBJECT TO EXAMINATION BY TAXING AUTHORITIES. AS OF JUNE 30, 2012, MANAGEMENT OF THE SCHOOL BELIEVES THAT IT HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL ASSISTANCE NETTED AGAINST REVENUE IN FINANCIAL STATEMENTS 918,000. PART XIII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL ASSISTANCE NETTED AGAINST REVENUE IN FINANCIAL STATEMENTS 918,000. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION 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. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVES IN-KIND SUPPORT TO PROVIDE PROFESSIONAL DEVELOPMENT TO THEIR INSTRUCTIONAL STAFF PROVIDED BY THE STATE UNDER TITLE II IMPROVING TEACHER QUALITY STATE GRANTS. THERE WAS NO IN-KIND SUPPORT RECEIVED FOR THE YEAR ENDED JUNE 30, 2012. IN-KIND PROFESSIONAL DEVELOPMENT TRAINING PROVIDED TO THE SCHOOL'S STAFF BY THE STATE TOTALED $28,852 FOR THE YEAR ENDED JUNE 30, 2011. CENTENNIAL GALA 238004 238004 191172 SPIRIT NIGHT 32286 32286 8582 9 76286 76286 48694 346576 346576 248448 248448 98128 1 FINANCIAL AID TO STUDENTS OF THE SCHOOL 150 918000 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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 X 0 0 0 0 0 0 0 0 0 EILEEN POWERS 335870 0 0 0 0 0 15500 0 0 0 351370 0 0 0 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 7000000 1638533 135689 5225778 2015 0 0 0 0 0 1 1 WHITNEY NATIONAL BANK 5.000000000000 1 0 0 0 0 FORM 990, SCHEDULE K, PAGE 1, PART I, LINE A(F) DESCRIPTION OF PURPOSE 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 8100 WIFE IS EMPLOYEE OF MCGEHEE AND ELIGIBLE FOR TUITION REMISSION ERIN WESTON TRUSTEE 8525 ENDOWMENT SCHOLARSHIP AWARD TO CHILD GENE DRY TRUSTEE 28846 PARTNER IN COMPANY THAT PROVIDES TELEPHONE SERVICE TO THE SCHOOL 0 BETSY NALTY TRUSTEE 0 DAUGHTER IS AN EMPLOYEE OF MCGEHEE 0 CAROLYN LORIO TRUSTEE 0 HUSBAND IS SENIOR OFFICER AT WHITNEY BANK AND HANDLES SOME OF MCGEHEE'S ACCOUNTS 0 FORM 990, PART VI, SECTION A, LINE 2 GENE DRY AND TARA HERNANDEZ HAD A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11 WHEN THE ORGANIZATION'S CPA FIRM HAS COMPLETED PREPARATION OF THE FORM 990, A DRAFT OF THE FORM IS PROVIDED TO THE BOARD TREASURER AND THE FINANCE COMMITTEE FOR REVIEW AND DISCUSSION. FOLLOWING THIS REVIEW AND ANY RESULTING REVISIONS, THE TREASURER APPROVES THE FORM 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 348,707.