NEW SCHOOLS FOR NEW ORLEANS INC: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- NEW SCHOOLS FOR NEW ORLEANS INC (EIN 02-0773717)
- Tax period
- 2010-10-01 to 2011-09-30
- Filed
- 2012-05-14
- IRS object ID
- 201241359349304369
- Schema version
- 2010v3.4
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-05-14T14:15:15-05:00 | Timestamp |
| Tax Period End Date | 2011-09-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LAPORTE APAC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 111 VETERANS MEMORIAL BLVD SUITE 60 | AddressLine1 |
| City | METAIRIE | City |
| State | LA | State |
| ZIP Code | 700054958 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-10-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 020773717 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NEW SCHOOLS FOR NEW ORLEANS INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | NEWS | NameControl |
| Phone | 5042743619 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 BROADWAY ST NO 108 | AddressLine1 |
| City | NEW ORLEANS | City |
| State | LA | State |
| ZIP Code | 70118 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | NEERAV KINGSLAND | Name |
| Title | CEO | Title |
| Phone | 5042743619 | Phone |
| Date Signed | 2012-04-30 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | AMY E WALTERS CPA CCIFP | Name |
| Phone | 5048355522 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | NEERAV KINGSLAND | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 BROADWAY ST STE 108 | AddressLine1 |
| City | NEW ORLEANS | City |
| State | LA | State |
| ZIP Code | 70118 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 11622573 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | NEWSCHOOLSFORNEWORLEANS.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2006 | YearFormation |
| State Legal Domicile | LA | StateLegalDomicile |
| Activity Or Mission Description | SEE SCHEDULE O THE MISSION OF NSNO IS TO ACHIEVE EXCELLENT PUBLIC SCHOOLS FOR EVERY CHILD IN NEW ORLEANS BY ATTRACTING AND PREPARING TALENT TO TEACH AND LEAD, LAUNCHING AND SUPPORTING OPEN-ENROLLMENT PUBLIC CHARTER SCHOOLS, AND ADVOCATING FOR ACCOUNTABLE AND SUSTAINABLE HIGH-QUALITY PUBLIC SCHOOLS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 11 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 10 | NbrIndependentVotingMembers |
| Total Nbr Employees | 17 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 4465185 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 11478448 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 0 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 33241 | InvestmentIncomePriorYear |
| Investment Income Current Year | 27365 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 130059 | OtherRevenuePriorYear |
| Other Revenue Current Year | 116760 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 4628485 | TotalRevenuePriorYear |
| Total Revenue Current Year | 11622573 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 777496 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 3589318 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 1463555 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 1501681 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 254953 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 2387434 | OtherExpensePriorYear |
| Other Expenses Current Year | 1513400 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 4628485 | TotalExpensesPriorYear |
| Total Expenses Current Year | 6604399 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 0 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 5018174 | RevenuesLessExpensesCY |
| Total Assets BOY | 6697827 | TotalAssetsBOY |
| Total Assets EOY | 13087245 | TotalAssetsEOY |
| Total Liabilities BOY | 405123 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 1664367 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 6292704 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 11422878 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | THE MISSION OF NSNO IS TO ACHIEVE EXCELLENT PUBLIC SCHOOLS FOR EVERY CHILD IN NEW ORLEANS BY: (1) ATTRACTING AND PREPARING TALENT TO TEACH AND LEAD (2) LAUNCHING AND SUPPORTING OPEN-ENROLLMENT PUBLIC CHARTER SCHOOLS AND (3) ADVOCATING FOR ACCOUNTABLE AND SUSTAINABLE HIGH-QUALITY PUBLIC SCHOOLS. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 3973439 | Expense |
| Grants | 2791859 | Grants |
| Revenue | 116760 | Revenue |
| Description | SCHOOL SUPPORT AND INVESTMENT - THE ORGANIZATION OPERATES WITH AN INTENSE FOCUS ON STUDENT ACHIEVEMENT, AND THIS FOCUS GUIDES THE ORGANIZATION AS IT INVESTS IN BOTH NEW AND EXISTING SCHOOLS. THE ORGANIZATION'S SCHOOL INVESTMENT FUND SUPPORTS SCHOOL FOUNDERS AND CHARTER MANAGEMENT ORGANIZATIONS TO LAUNCH NEW PUBLIC SCHOOLS AND PROVIDES EXTENSIVE SUPPORT FOR EXISTING CHARTER SCHOOLS. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 1367236 | Expense |
| Description | TEACH AND LEAD - EXCELLENT SCHOOLS ARE STAFFED BY EXCELLENT EDUCATORS. THE ORGANIZATION IS SUPPORTING THE DEVELOPMENT OF HUMAN CAPITAL IN THE NEW ORLEANS' AREA SCHOOLS BY RECRUITING OUTSTANDING TEACHERS AND LEADERS THROUGH PARTNERSHIPS WITH TEACHNOLA AND NEW LEADERS FOR NEW SCHOOLS. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 164309 | Expense |
| Description | ADVOCACY - THE ORGANIZATION SERVES AS A VOICE FOR EXCELLENT OPEN-ENROLLMENT SCHOOLS IN NEW ORLEANS, AND ADVOCATES ON THEIR BEHALF IN THE COMMUNITY, THE SCHOOL DISTRICT, AND THE STATE. THE ORGANIZATION IS COMMITTED TO ENSURING THAT PARENTS AND COMMUNITY MEMBERS HAVE THE INFORMATION THEY NEED TO REALIZE THE OPPORTUNITIES OF THIS NEW SYSTEM OF SCHOOLS. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 5504984 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 101 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 17 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 11 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 10 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | LA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SARAH N USDIN | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 5042743612 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 BROADWAY ST SUITE 108 | AddressLine1 |
| City | NEW ORLEANS | City |
| State | LA | State |
| ZIP Code | 70118 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (12 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| SARAH USDIN | |||||||
| CEO/FOUNDER | 35.00 | X | X | 145954 | 0 | 25786 | |
| ANTHONY RECASNER | |||||||
| BOARD MEMBER | 5.00 | X | X | 0 | 0 | 0 | |
| JAMES PEYSER | |||||||
| BOARD VICE CHAIR | 5.00 | X | X | 0 | 0 | 0 | |
| STEPHEN HALES | |||||||
| BOARD SECRETARY | 5.00 | X | X | 0 | 0 | 0 | |
| STEPHEN ROSENTHAL | |||||||
| BOARD CHAIR | 5.00 | X | X | 0 | 0 | 0 | |
| IAN ARNOFF | |||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | ||
| MICHAEL BROWN | |||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | ||
| MAHLON SANFORD CPA | |||||||
| TREASURER | 5.00 | X | X | 0 | 0 | 0 | |
| MARY KAY PARKER | |||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | ||
| HUNTER PIERSON JR | |||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | ||
| DAVID SYLVESTER | |||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | ||
| NEERAV KINGSLAND | |||||||
| CHIEF STRATEGY OFFICER | 60.00 | 117026 | 0 | 0 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 262980 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 25786 | TotalOtherCompensation |
| Number Individuals GT100 K | 2 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation
Name Of Contractor NameOfContractor
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | NANCY EUSKE | NamePerson |
Address Of Contractor AddressOfContractor
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 4736 | AddressLine1 |
| City | CARMEL | City |
| State | CA | State |
| ZIP Code | 93921 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Services | LEADERSHIP TRAINING | DescriptionOfServices |
| Compensation | 261202 | Compensation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 1 | NumberOfContractorsGT100K |
| All Other Contributions | 11478448 | AllOtherContributions |
| Total Contributions | 11478448 | TotalContributions |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 27365 | TotalRevenueColumn |
| Exclusion | $27,365 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| REIMBURSED EXPENSES | 900099 | 116574 | 116574 |
| MISCELLANEOUS INCOME | 900099 | 186 | 186 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 116760 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 11622573 | TotalRevenueColumn |
| Related Or Exempt Function Income | 116760 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $27,365 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3589318 | Total |
| Program Services | 3589318 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 279430 | Total |
| Management And General | 145000 | ManagementAndGeneral |
| Fundraising | 134430 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 971917 | Total |
| Program Services | 764858 | ProgramServices |
| Management And General | 157264 | ManagementAndGeneral |
| Fundraising | 49795 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 157762 | Total |
| Program Services | 74295 | ProgramServices |
| Management And General | 66083 | ManagementAndGeneral |
| Fundraising | 17384 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 92572 | Total |
| Program Services | 53168 | ProgramServices |
| Management And General | 25946 | ManagementAndGeneral |
| Fundraising | 13458 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 30134 | Total |
| Program Services | 9000 | ProgramServices |
| Management And General | 21134 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 982548 | Total |
| Program Services | 899244 | ProgramServices |
| Management And General | 73283 | ManagementAndGeneral |
| Fundraising | 10021 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 17730 | Total |
| Program Services | 4090 | ProgramServices |
| Management And General | 13580 | ManagementAndGeneral |
| Fundraising | 60 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 56404 | Total |
| Program Services | 5552 | ProgramServices |
| Management And General | 48280 | ManagementAndGeneral |
| Fundraising | 2572 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 60740 | Total |
| Management And General | 59940 | ManagementAndGeneral |
| Fundraising | 800 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 133265 | Total |
| Program Services | 495 | ProgramServices |
| Management And General | 132580 | ManagementAndGeneral |
| Fundraising | 190 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 40094 | Total |
| Program Services | 24892 | ProgramServices |
| Management And General | 4744 | ManagementAndGeneral |
| Fundraising | 10458 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2215 | Total |
| Program Services | 1625 | ProgramServices |
| Management And General | 500 | ManagementAndGeneral |
| Fundraising | 90 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 36245 | Total |
| Management And General | 36245 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6129 | Total |
| Management And General | 6129 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| SCHOOL CLOSURES | 49512 | 49512 | ||
| PROFESSIONAL DEVELOPMEN | 34009 | 6750 | 26640 | 619 |
| MEALS AND ENTERTAINMENT | 23547 | 12409 | 8416 | 2722 |
| PRINTING AND REPORDUCTI | 21748 | 69 | 11264 | 10415 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19080 | Total |
| Program Services | 9707 | ProgramServices |
| Management And General | 7434 | ManagementAndGeneral |
| Fundraising | 1939 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6604399 | Total |
| Program Services | 5504984 | ProgramServices |
| Management And General | 844462 | ManagementAndGeneral |
| Fundraising | 254953 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4237749 | BOY |
| EOY | 5294843 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2370152 | BOY |
| EOY | 7707800 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 278247 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 193645 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 89926 | BOY |
| EOY | 84602 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6697827 | BOY |
| EOY | 13087245 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 330909 | BOY |
| EOY | 1526233 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 38134 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 74214 | BOY |
| EOY | 100000 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 405123 | BOY |
| EOY | 1664367 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3193144 | BOY |
| EOY | 5779930 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3099560 | BOY |
| EOY | 5642948 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6292704 | BOY |
| EOY | 11422878 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6697827 | BOY |
| EOY | 13087245 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 5018174 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 112000 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 5511770 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 2023305 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 3453160 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 4465185 | CurrentTaxYearMinus1Year |
| Current Tax Year | 11478448 | CurrentTaxYear |
| Total | 26931868 | Total |
Value Srvc Fclts Furnished By Govt ValueSrvcFcltsFurnishedByGovt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | 112000 | CurrentTaxYear |
| Total | 112000 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 5511770 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 2023305 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 3453160 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 4465185 | CurrentTaxYearMinus1Year |
| Current Tax Year | 11590448 | CurrentTaxYear |
| Total | 27043868 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 7211825 | AmountsSubstContributorsTotal |
| Public Support Total170 | 19832043 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 109551 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 133764 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 47043 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 33241 | CurrentTaxYearMinus1Year |
| Current Tax Year | 27365 | CurrentTaxYear |
| Total | 350964 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 3857 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 18271 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 39632 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 130059 | CurrentTaxYearMinus1Year |
| Current Tax Year | 116760 | CurrentTaxYear |
| Total | 308579 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 27703411 | TotalSupport |
| Public Support Pertcentage170 | 0.71590 | PublicSupportPertcentage170 |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
| General Explanation | SCHEDULE A, PART IV, SUPPLEMENTAL INFORMATION: SCHEDULE A, PAGE 2, PART B, LINE 10E: OTHER INCOME: MISCELLANEOUS INCOME 186 REIMBURSED EXPENSES 116,574 | GeneralExplanation |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 278247 | InvestmentCostOrOtherBasis |
| Depreciation | 193645 | Depreciation |
| Book Value | 84602 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 84602 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | DEFERRED COMPENSATION PAYABLE | Description |
| Amount | $100,000 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 100000 | TotalOfAmounts |
| Total Revenue | 11622573 | TotalRevenue |
| Total Expenses | 6604399 | TotalExpenses |
| Excess Or Deficit For Year | 5018174 | ExcessOrDeficitForYear |
| Donated Services And Facilities | 112000 | DonatedServicesAndFacilities |
| Total Adjustments | 112000 | TotalAdjustments |
| Excess Or Deficit Per FS | 5130174 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 11734573 | TotRevenueEtcAuditedFinclStmt |
| Donated Srvc And Use Of Facilities | 112000 | DonatedSrvcAndUseOfFacilities |
| Revenue Not Rptd F990 | 112000 | RevenueNotRptdF990 |
| Revenue Subtotal | 11622573 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 11622573 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 6604399 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 6604399 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 6604399 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | Identifier |
| Return Reference | PART X: | ReturnReference |
| Explanation | THE ORGANIZATION FOLLOWS THE PROVISIONS OF THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES TOPIC OF THE FASB ASC, WHICH CLARIFIES THE ACCOUNTING AND RECOGNITION FOR INCOME TAX POSITIONS TAKEN, OR EXPECTED TO BE TAKEN, IN THE ORGANIZATION'S INCOME TAX RETURNS. ALL TAX RETURNS HAVE BEEN APPROPRIATELY FILED BY THE ORGANIZATION. THE ORGANIZATION RECOGNIZES INTEREST AND PENALTIES, IF ANY, RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE. THE ORGANIZATION FILES INCOME TAX RETURNS WITH FEDERAL AND STATE JURISDICTIONS. THE ORGANIZATION'S FEDERAL TAX RETURNS FOR 2008, 2009, AND 2010 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. AS OF SEPTEMBER 30, 2011, MANAGEMENT EVALUATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THAT THE ORGANIZATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENTS TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. | Explanation |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable (19 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | IRC SectionIRCSection | Amount Of Cash GrantAmountOfCashGrant | Purpose Of GrantPurposeOfGrant |
|---|---|---|---|---|---|---|---|
| FIRSTLINE SCHOOLS | |||||||
| 3649 LAUREL STREET | NEW ORLEANS | LA | 70118 | 721409800 | 501(C)(3) | 296979 | 18,000- SCHOOL LEADERSHIP RESIDENT GRANT, $261,759 - I-3 - INVESTMENT IN INNOVATION, $17,220 - TEACHER INCENTIVE FUND |
| LEADING EDUCATORS | |||||||
| 3649 LAUREL STREET | NEW ORLEANS | LA | 70118 | 451447048 | 501(C)(3) | 200000 | TEACHER DEVELOPMENT |
| MCDONOUGH CITY PARK ACADEMY | |||||||
| 2733 ESPLANADE AVE | NEW ORLEANS | LA | 70115 | 204465339 | 501(C)(3) | 42894 | SCHOOL LEADERSHIP RESIDENT GRANT |
| COLLEGIATE ACADEMIES | |||||||
| 6800 CHEF MENTEUR HWY | NEW ORLEANS | LA | 70126 | 204230899 | 501(C)(3) | 164892 | I-3 - INVESTMENT IN INNOVATION |
| THE MATCH SCHOOL FOUNDATION | |||||||
| 215 FOREST HILLS STREET | JAMAICA PLAIN | MA | 02130 | 043476160 | 501(C)(3) | 300000 | TEACHER DEVELOPMENT |
| ACHIEVEMENT NETWORK | |||||||
| 225 FRIEND STREET STE 704 | BOSTON | MA | 02114 | 203289870 | 501(C)(3) | 478000 | STRATEGIC DATA INSTRUCTION |
| NEW TEACHER PROJECT | |||||||
| 186 JORALEMON STREET STE 300 | BROOKLYN | NY | 11201 | 133850158 | 501(C)(3) | 469516 | TEACHER RECRUITMENT |
| BENJAMIN MAYS PREP | |||||||
| 3019 HIGGINS BLVD | NEW ORLEANS | LA | 70126 | 263402539 | 501(C)(3) | 50000 | SCHOOL LEADERSHIP RESIDENT GRANT |
| CRESCENT CITY SCHOOLS | |||||||
| 2013 GENERAL MEYER AVE | NEW ORLEANS | LA | 70114 | 272811737 | 501(C)(3) | 559447 | 209,386- CAPACITY GRANT350,061- I-3 -INVESTMENT IN INNOVATION |
| NEW ORLEANS SCIENCE & MATH ACADEMY | |||||||
| 5552 READ BLVD | NEW ORLEANS | LA | 70127 | 721210144 | 501(C)(3) | 93450 | CAPACITY GRANT |
| CHOICE FOUNDATION | |||||||
| 1010 COMMON STREET STE 2950 | NEW ORLEANS | LA | 70112 | 202024597 | 501(C)(3) | 84793 | I-3 - INVESTMENT IN INNOVATION |
| RECOVERY SCHOOL DISTRICT | |||||||
| 1641 POLAND AVENUE | NEW ORLEANS | LA | 70117 | 726000645 | 501(C)(3) | 110853 | $74,703 - I-3 - INVESTMENT IN INNOVATION, $36,150 - TEACHER INCENTIVE FUND |
| KIPP | |||||||
| PO BOX 2390 | NEW ORLEANS | LA | 70176 | 202277213 | 501(C)(3) | 152699 | $136,589 - I-3 - INVESTMENT IN INNOVATION, $16,110 - TEACHER INCENTIVE FUND |
| CREDO | |||||||
| 434 GALVEZ MALL HHMB 132 | STANFORD | CA | 94305 | 941156365 | 501(C)(3) | 394801 | I-3 - INVESTMENT IN INNOVATION |
| PARTNERSHIP FOR YOUTH DEVELOPMENT | |||||||
| 4240 CANAL STREET STE 100 | NEW ORLEANS | LA | 70119 | 261272143 | 501(C)(3) | 24321 | I-3 - INVESTMENT IN INNOVATION |
| NEW BEGINNINGS SCHOOLS FOUNDATION | |||||||
| 2045 LAKESHORE DRIVE SUITE 526 | NEW ORLEANS | LA | 70122 | 200998872 | 501(C)(3) | 18000 | SCHOOL LEADERSHIP RESIDENT GRANT |
| STATE OF TENNESSEE | |||||||
| 710 JAMES ROBERSTON PKWY | NASHVILLE | TN | 37243 | 6702 | I-3 - INVESTMENT IN INNOVATION | ||
| NEW ORLEANS COLLEGE PREP | |||||||
| 3127 MARTIN LUTHER KING JR BLVD | NEW ORLEANS | LA | 70125 | 205595689 | 501(C)(3) | 124023 | I-3 - INVESTMENT IN INNOVATION |
| RENEW | |||||||
| 3128 CONSTANCE STREET | NEW ORLEANS | LA | 70115 | 800419622 | 501(C)(3) | 17948 | TEACHER INCENTIVE FUND |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 19 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 0 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | OTHER INFORMATION: | Identifier |
| Return Reference | PART IV: | ReturnReference |
| Explanation | THE PRIMARY PURPOSE OF NSNO IS TO ACHIEVE HIGH-QUALITY, ACCOUNTABLE SCHOOLS THROUGH TEACHER AND PRINCIPAL RECRUITMENT, OPENING AND SUPPORTING OPEN-ENROLLMENT CHARTER SCHOOLS, AND INFORMING AND COLLABORATING WITH THE COMMUNITY. PRIOR TO ISSUING ANY GRANTS OR OTHER ASSISTANCE, THE ORGANIZATION CONDUCTS A PRE-GRANT INQUIRY TO ENSURE THAT THE GRANTEE IS APPROPRIATE, SUCH AS HAVING TAX-EXEMPT STATUS UNDER SECTION 501(C)(3) OR BEING A GOVERNMENTAL ENTITY. THE ORGANIZATION EXECUTES A WRITTEN AGREEMENT WITH THE GRANTEE THAT SPECIFIES THE CHARITABLE PURPOSES OF THE GRANT AND INCLUDES PROVISIONS THAT PROHIBIT THE USE OF THE FUNDS FOR NON-CHARITABLE PURPOSES, POLITICAL CAMPAIGN ACTIVITY, OR LOBBYING ACTIVITIES. GRANTEES ARE REQUIRED TO SUBMIT REPORTS ON THE USE OF THE FUNDS AND THE CHARITABLE ACTIVITIES SUPPORTED BY THE GRANT DURING THE GRANT PERIOD. THE GRANTEE MUST ATTACH A STRATEGIC 3 TO 5 YEAR PLAN TO THIS POST-GRANT REPORT. IN ADDITION, THE GRANTEE IS REQUIRED TO RETURN ANY FUNDS NOT USED FOR THE DESIGNATED PURPOSES. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 1 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | SARAH USDIN | NamePerson |
| Base Compensation Filing Org | 145954 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 0 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 25786 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 0 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 171740 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SUPPLEMENTAL INFORMATION | Identifier |
| Return Reference | PART III | ReturnReference |
| Explanation | SARAH N. USDIN IS THE FOUNDER/PRESIDENT OF NEW SCHOOLS FOR NEW ORLEANS. THE ORGANIZATION HAS AN EMPLOYMENT AGREEMENT WITH HER, WHICH INCLUDES A DEFERRED COMPENSATION PLAN WHICH ENTITLED HER TO A LUMP SUM PAYMENT OF $100,000 ON APRIL 11, 2011, ASSUMING THE COMPLETION OF EMPLOYMENT CONTRACTS WITH THE ORGANIZATION THROUGH AND INCLUDING THIS DATE. THE PAYMENT AGREEMENT WAS DELAYED THROUGH FEBRUARY 2012, BASED ON AN AGREEMENT BETWEEN BOTH PARTIES. AS OF SEPTEMBER 30, 2011, $100,000 WAS ACCRUED IN ACCORDANCE WITH THIS AGREEMEMNT. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | THE FORM 990 IS PREPARED BY AN EXTERNAL CPA FIRM AND A COPY OF THE DRAFT IS SENT TO THE MEMBERS OF THE BOARD AND THE FINANCE COMMITTEE TO REVIEW. WHEN THE FORM IS APPROVED BY THE BOARD, IT IS FILED WITH THE IRS. | |
| THE ORGANIZATION ANNUALLY REQUIRES ALL EMPLOYEES AND BOARD MEMBERS TO DISCLOSE ANY POTENTIAL PERSONAL OR BUSINESS ASSOCIATIONS WHICH COULD BE PERCEIVED AS A CONFLICT OF INTEREST. THROUGHOUT THE YEAR THEY ARE REMINDED TO DISCLOSE ANY NEW RELATIONSHIPS WHERE A CONFLICT OF INTEREST MAY BE PRESENT. BOARD MEMBERS ARE EXPECTED TO FOLLOW POLICY AND DIVULGE ANY CONFLICTS OF INTEREST OR POTENTIAL CONFLICTS TO THE BOARD. THE CONFLICT OF INTEREST POLICY IS REVIEWED AND SIGNED BY BOARD MEMBERS ON AN ANNUAL BASIS. | FORM 990, PART VI, SECTION B, LINE 12C | |
| ANNUALLY THE BOARD MEMBERS REVIEW NATIONAL EDUCATIONAL SURVEY INFOMATION AND OVERALL MARKET TRENDS IN THE INDUSTRY TO DETERMINE THAT THE ORGANIZATION'S SALARIES ARE WITHIN THE APPROPRIATE RANGE FOR THE EXECUTIVE RESPONSIBILITIES. THIS INFORMATION IS CONTEMPORANEOUSLY DOCUMENTED IN THE WRITTEN MINUTES. | FORM 990, PART VI, SECTION B, LINE 15 | |
| THIS ORGANIZATION PROVIDES THIS FORM TO THE GENERAL PUBLIC UPON REQUEST. | FORM 990, PART VI, SECTION C, LINE 19 | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | DONATED SERVICES AND USE OF FACILITIES: 112,000. | FORM 990, PART XI, LINE 5: |
| FORM 990, PART XI, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
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