French & Montessori Education Inc
- Assets
- $8.0m
- Revenue
- $14.3m
- Investments
- $671.5k
- Employees
- 233
- Location
- New Orleans, LA
- Founding
- 02/2006
- Data as of
- 06/2022
- EIN
- 20-3694026
Organization Overview
French & Montessori Education Inc is located in New Orleans, LA. The organization was established in 2006. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, French & Montessori Education Inc employed 233 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. French & Montessori Education Inc 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 06/2022, French & Montessori Education Inc generated $14.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $15.2m during the year ending 06/2022. While expenses have increased by 8.1% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SCHOOL PROVIDING MONTESSORI AND FRENCH EDUCATION FOR STUDENTS IN GRADES PRE-KINDERGARTEN THROUGH 8TH GRADE. THE FORMATION OF THE SCHOOL WAS IN RESPONSE TO THE DEVASTATION LEFT BY HURRICANE KATRINA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WITH ITS MONTESSORI AND FRENCH PROGRAMS, AUDUBON CHARTER SCHOOL HAS CREATED AN ADVANCED LEARNING ENVIRONMENT DRIVEN BY CURRICULA DESIGNED TO DRAW HIGHLY-MOTIVATED, HIGH-ACHIEVING STUDENTS. AUDUBON CHARTER SCHOOL TEACHES PRE-KINDERGARTEN THROUGH 8TH GRADE. 1,112 STUDENTS ATTENDED DURING THE 2021-2022 SCHOOL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ben Levine Member | Trustee | 1 | $0 |
Brendan Connick Member | Trustee | 1 | $0 |
Claire Lebas Member | Trustee | 1 | $0 |
Darleen Mipro Member | Trustee | 1 | $0 |
Dorcas Omojola Member | Trustee | 1 | $0 |
Greg Lawson Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Genuine Foods Food Services | 6/29/22 | $191,628 |
K&s Transportation Llc Student Transportation | 6/29/22 | $108,585 |
Hubbard & Tennyson Llc Speech/language Consultants | 6/29/22 | $106,378 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,482,413 |
| All other contributions, gifts, grants, and similar amounts not included above | $234,923 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,717,336 |
| Total Program Service Revenue | $471,137 |
| Investment income | $16,131 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$23,506 |
| Net Income from Fundraising Events | $15,648 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,289,007 |
| 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. | $136,229 |
| Compensation of current officers, directors, key employees. | $136,229 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,600,957 |
| Pension plan accruals and contributions | $1,775,219 |
| Other employee benefits | $637,851 |
| Payroll taxes | $252,117 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,952,267 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $283,478 |
| Travel | $21,937 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $498,420 |
| Insurance | $175,631 |
| All other expenses | $70,681 |
| Total functional expenses | $15,186,630 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,346,718 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,937,627 |
| Accounts receivable, net | $3,329 |
| 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 | $192,435 |
| Net Land, buildings, and equipment | $2,879,625 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $671,496 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,031,230 |
| Accounts payable and accrued expenses | $1,062,306 |
| Grants payable | $0 |
| Deferred revenue | $261,822 |
| 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 | $0 |
| Other liabilities | $2,063,962 |
| Total liabilities | $3,388,090 |
| Net assets without donor restrictions | $4,643,140 |
| 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 | $8,031,230 |