Institute Of Academic Excellence
- Assets
- $7.6m
- Revenue
- $7.0m
- Investments
- $0.0
- Employees
- 83
- Location
- New Orleans, LA
- Founding
- 11/2007
- Data as of
- 06/2021
- EIN
- 20-2870669
Organization Overview
Institute Of Academic Excellence, operating under the name Sophie B Wright Charter School, is located in New Orleans, LA. The organization was established in 2007. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Sophie B Wright Charter School employed 83 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sophie B Wright Charter School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Sophie B Wright Charter School generated $7.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $6.4m during the year ending 06/2021. While expenses have increased by 6.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE A COMMUNITY WHERE STUDENTS ARE CHALLENGED ACADEMICLY, SOCIALLY, AND VOCATIONALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOPHIE B. WRIGHT CHARTER SCHOOL PROVIDES A SAVE AND NURTURING ENVIRONMENT TO STUDENTS IN WHICH IT COLLABORATES DAILY TO ENSURE THAT THE STUDENTS DEVELOP CONFIDENCE, COMPETENCE AND INDEPENDENT CAPACITY THROUGH DELIVERY OF A RIGOROUS CURRICULUM AND APPROPIATE RESEARCH BASED INSTRUCTION. SOPHIE B. WRIGHT CHARTER SCHOOL SERVED 471 DURING 20-21.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon Clark Charter Director | Officer | 65 | $218,421 |
Chistopher Windon Finance Director | Officer | 60 | $98,410 |
James Watson President | OfficerTrustee | 1 | $0 |
Reginald Delecia Treasurer | OfficerTrustee | 1 | $0 |
Alvin Porter Secretary | OfficerTrustee | 1 | $0 |
Corey Watson Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sysco Food Service Food Services | 6/29/20 | $208,896 |
Abacus Education Partners Accounting Services | 6/29/20 | $115,344 |
Sysco Food Service Food Services | 6/29/20 | $208,896 |
Abacus Education Partners Accounting Services | 6/29/20 | $115,344 |
Sysco Food Service Food Services | 6/29/20 | $208,896 |
Abacus Education Partners Accounting Services | 6/29/20 | $115,344 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,794,887 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,814,887 |
| Total Program Service Revenue | $0 |
| Investment income | $3,738 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,991,452 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $373,265 |
| Compensation of current officers, directors, key employees. | $373,265 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,001,882 |
| Pension plan accruals and contributions | $308,432 |
| Other employee benefits | $326,980 |
| Payroll taxes | $218,278 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,190 |
| Fees for services: Accounting | $30,249 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $484,115 |
| Advertising and promotion | $0 |
| Office expenses | $178,469 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $625,203 |
| Travel | $3,264 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,579 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $131,847 |
| Insurance | $60,972 |
| All other expenses | $0 |
| Total functional expenses | $6,390,287 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,985,718 |
| Savings and temporary cash investments | $3,657,113 |
| Pledges and grants receivable | $240,185 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $30,953 |
| Net Land, buildings, and equipment | $682,109 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,596,078 |
| Accounts payable and accrued expenses | $756,388 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $842,740 |
| Other liabilities | $265,140 |
| Total liabilities | $1,864,268 |
| Net assets without donor restrictions | $5,731,810 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,596,078 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Institute Of Academic Excellence has recieved totaling $10,638.
| Awarding Organization | Amount |
|---|---|
Youth Force Nola New Orleans, LA PURPOSE: CAREER-CONNECTED LEARNING | $10,638 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lighthouse Academies Of Arkansas Inc North Little Rock, AR | $582,799 | $18,301,867 |
New Beginnings School Foundation New Orleans, LA | $1,802,768 | $18,016,749 |
Hynes Charter School Corporation New Orleans, LA | $8,219,375 | $19,932,415 |
Legacy21 Inc Mesquite, TX | $40,270,776 | $19,212,915 |
International Academy Williamson County Round Rock, TX | $33,542,303 | $17,313,740 |
South Louisiana Charter Foundation Inc Baton Rouge, LA | $21,098,630 | $17,110,169 |
Morris Jeff Community School New Orleans, LA | $5,535,424 | $16,539,603 |
Young Audiences Charter Association Gretna, LA | $6,537,878 | $17,122,666 |
New Orleans Military And Maritime Academy Inc New Orleans, LA | $24,580,982 | $15,429,354 |
Shreveport Charter Schools Inc Shreveport, LA | $6,808,149 | $15,366,489 |
Warren Easton Sr High School Foundation Inc New Orleans, LA | $11,574,185 | $12,571,642 |
The Friends Of King School New Orleans, LA | $5,901,929 | $9,680,665 |