2011-05-12T08:39:57-05:00 2010-06-30 Bourgeois Bennett LLC 111 Veterans Blvd 17th Floor Metairie LA 70005 990 2009-07-01 720408943 The Louise S McGehee School LOUI 5045611224 2343 Prytania Street New Orleans LA 70130 Eileen F Powers 5045611224 2011-05-05 1 Eric F Fullmer 5048314949 2009 2016-02-24 21:20:13Z Eileen F Powers 2343 Prytania Street New Orleans LA 70130 11550825 0 X N/A 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. 25 18 214 0 0 0 1140846 883181 7326939 8298062 -162316 729634 103536 8305469 10014413 743275 738000 0 5942446 6376541 0 88122 2835035 3508630 9520756 10623171 -1215287 -608758 15182734 17761820 6366190 9632265 8816544 8129555 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 6941672 8226743 Instruction and Student Activity for 473 Students 738000 0 Financial Aid for 124 Students 7679672 1 1 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 10 0 1 214 1 0 0 0 0 0 0 0 0 25 18 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 X Bonnie LeGraize Business Offic 5045611224 2343 Prytania Street New Orleans LA 70130 Herschel Abbott 1.00 X X 0 0 0 Charlotte Traviesco 1.00 X X 0 0 0 Kett Cummins 1.00 X X 0 0 0 E J Kock III 1.00 X X 0 0 0 Tara Hernandez 1.00 X X 0 0 0 Gene Dry 1.00 X X 0 0 0 Gary Baker 1.00 X 0 0 0 Muffin Balart 1.00 X 0 0 0 Chris Beary 1.00 X 0 0 0 Clay Beery 1.00 X 0 0 0 Adelaide Benjamin 1.00 X 0 0 0 Maurice Brown 1.00 X 0 0 0 Scott Brown 1.00 X 0 0 0 Ann Maylie Bruce 1.00 X 0 0 0 Ellen Coleman 1.00 X 0 0 0 Kit Conroy 1.00 X 0 0 0 Mathilde Currence 1.00 X 0 0 0 Pamela Dongieux 1.00 X 0 0 0 Tom Favrot 1.00 X 0 0 0 Peter Moss 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 Erin Weston 1.00 X 0 0 0 Lynn Brown 1.00 X 0 0 0 Eileen Powers 40.00 X X 257200 0 11860 William W Gahagan 40.00 X 100000 0 0 357200 0 11860 2 0 1 0 Dino's Kids's Catering 5125 Academy Drive Metairie LA 70003 Food Service 148824 Mr Sparkle Janitorial 10164 Jefferson Hwy River Ridge LA 70123 Janitorial 124339 2 883181 883181 Tuition & Fees 900099 8073215 8073215 Miscellaneous Income 900099 198403 127084 71319 Auxiliary Activities 900099 26444 26444 8298062 69513 69513 2114035 1453914 660121 660121 660121 186034 82498 103536 103536 10014413 8226743 0 904489 738000 738000 369060 191033 178027 4993352 3596584 1396768 226862 161072 65790 416359 295614 120745 370908 263345 107563 21919 21919 46970 39924 7046 142728 114182 28546 3912 3912 184916 184916 756079 642667 113412 177353 177353 plant expenses 470294 376235 94059 Instructional Materials 335586 335586 Tuition Remission 288700 288700 Miscellaneous 280707 140353 140354 Marketing 201155 160924 40231 598311 335453 174736 88122 10623171 7679672 2855377 88122 1436990 3714596 668667 188662 356105 483612 81056 20770 27581 89835 177308 17134505 7889236 7974885 9245269 4544594 3665480 90888 178256 15182734 17761820 541392 616431 1858888 1830003 3965910 7000000 0 185831 6366190 9632265 X 4873259 3775259 631801 1040212 3311484 3314084 8816544 8129555 15182734 17761820 X 0 1 0 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3874827 3600 649699 318114 24586 4185426 5370050 29496 -1067607 456440 672 3874827 0.03000 0.18000 0.79000 0 0 1310583 1310583 14691229 7180956 7510273 1132693 708280 424413 9245269 Deferred Compensation 185831 185831 10014413 10623171 -608758 -78231 -78231 -686989 9249866 -78231 51684 -26547 9276413 738000 738000 10014413 9936855 51684 51684 9885171 738000 738000 10623171 Part X: Description of Uncertain Tax Positions Under FIN 48: Effective July 1, 2009, the School adopted FASB ASC 740-10, Accounting for Uncertain Tax Positions. This accounting standard provides 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 be sustained upon examination. The adoption of this standard had no material effect on the School's net assets, changes in net assets, or cash flows. Tax years ended June 30, 2007 and later remain subject to examination by the taxing authorities. Part XII, Line 2d - Other Adjustments: Gifts in kind: 51684. Part XII, Line 4b - Other Adjustments: Scholarships Netted in Rev. Per F/S: 738000. Part XIII, Line 2d - Other Adjustments: instructional equipment in kind: 51684. Part XIII, Line 4b - Other Adjustments: Scholarships netted in rev per f/s: 738000. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 THE SCHOOL RECEIVED IN-KIND SUPPORT FOR THE USE OF CERTAIN EQUIPMENT PROVIDED BY THE LOUISIANA DEPARTMENT OF EDUCATION (THE STATE) UNDER TITLE V EDUCATIONAL TECHNOLOGY STATE GRANTS DURING THE FISCAL YEAR ENDED JUNE 30, 2010. IN-KIND USE OF THIS EQUIPMENT PROVIDED TO THE SCHOOL BY THE STATE TOTALED $678 FOR THE YEAR ENDED JUNE 30, 2010.THE SCHOOL RECEIVED IN-KIND SUPPORT TO PROVIDE PROFESSIONAL DEVELOPMENT TO THEIR INSTRUCTIONAL STAFF PROVIDED BY THE STATE UNDER TITLE II IMPROVING TEACHER QUALITY STATE GRANTS. IN-KIND PROFESSIONAL DEVELOPMENT TRAINING PROVIDED TO THE SCHOOL'S STAFF BY THE STATE TOTALED $51,006 FOR THE YEAR ENDED JUNE 30, 2010. 1 AUCTION 94070 94070 33418 SPIRIT NIGHT 30816 30816 7591 10 61148 61148 41489 186034 186034 82498 82498 103536 1 FINANCIAL AID TO STUDENTS OF THE SCHOOL 124 738000 0 FAIR VALUE OF AWARD 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 X 1 1 X X X 0 0 0 0 0 0 0 0 0 Eileen Powers 220000 0 0 0 37200 0 11860 0 0 0 269060 0 0 0 1 Tuition Remission - $22,200 2 Financial aid - $7,100 3 Need based scholarship - $7,950 Gene Dry Trustee 25000 Partner in company providing telephone service 0 0 Form 990, Part VI, Section A, line 2 Betsy Nalty and Laura Shields had a family relationship. 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.