Advocates For Academic Excellence In Education Inc
- Assets
- $7.5m
- Revenue
- $11.0m
- Investments
- $0.0
- Employees
- 140
- Location
- New Orleans, LA
- Founding
- 02/2006
- Data as of
- 06/2021
- EIN
- 20-3879970
Organization Overview
Advocates For Academic Excellence In Education Inc, operating under the name Benjamin Franklin High School, is located in New Orleans, LA. The organization was established in 2006. 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, Benjamin Franklin High School employed 140 individuals. This organization is the central organization for a national or regional group of organizations. Benjamin Franklin High 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, Benjamin Franklin High School generated $11.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $11.2m during the year ending 06/2021. While expenses have increased by 2.5% 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 PREPARE STUDENTS OF HIGH ACADEMIC ACHIEVEMENT TO BE SUCCESSFUL IN LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE 1957, BENJAMIN FRANKLIN HIGH SCHOOL HAS EDUCATED THE CITY'S BEST AND BRIGHTEST AND IS RANKED AS ONE OF THE TOP PUBLIC CHARTER SCHOOLS IN THE NATION. THE FRANKLIN FAMILY FOSTERS A TRADITION OF EXCELLENCE IN ALL OF ITS STUDENTS, WHO GO INTO THE WORLD FULLY PREPARED FOR LIFE IN HIGHER EDUCATION AND BEYOND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Widhalm Head Of School | Officer | 40 | $168,249 |
Donald Jackson Vice Principal | 40 | $110,308 | |
David Ferris Academic Assistant Principal | 40 | $108,537 | |
Allison Bent CFO | Officer | 40 | $106,808 |
Richard Ireland Treasurer | OfficerTrustee | 5 | $0 |
Sean Blondell Secretary | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Empire Janitorial Sales & Services Custodial | 6/29/15 | $201,643 |
Thompson Painting & Contractors Building Renovations | 6/29/15 | $144,410 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,782,542 |
| All other contributions, gifts, grants, and similar amounts not included above | $656,811 |
| Noncash contributions included in lines 1a–1f | $69,292 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,439,353 |
| Total Program Service Revenue | $545,044 |
| Investment income | $9,741 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $900 |
| 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 | $10,995,038 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,050 |
| 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. | $370,782 |
| Compensation of current officers, directors, key employees. | $370,782 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,020,321 |
| Pension plan accruals and contributions | $1,466,153 |
| Other employee benefits | $705,294 |
| Payroll taxes | $114,845 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,344 |
| Fees for services: Accounting | $30,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $449,250 |
| Advertising and promotion | $17,432 |
| Office expenses | $88,611 |
| Information technology | $90,533 |
| Royalties | $0 |
| Occupancy | $680,572 |
| Travel | $11,329 |
| 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 | $93,500 |
| Insurance | $116,238 |
| All other expenses | $29,757 |
| Total functional expenses | $11,200,205 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $928,862 |
| Savings and temporary cash investments | $5,178,784 |
| Pledges and grants receivable | $31,719 |
| 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 | $56,863 |
| Net Land, buildings, and equipment | $1,303,148 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,499,376 |
| Accounts payable and accrued expenses | $598,988 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $598,988 |
| Net assets without donor restrictions | $5,711,323 |
| Net assets with donor restrictions | $1,189,065 |
| 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 | $7,499,376 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Advocates For Academic Excellence In Education Inc has recieved totaling $40,728.
| Awarding Organization | Amount |
|---|---|
Pro Bono Publico Foundation New Orleans, LA PURPOSE: PREPARE STUDENTS OF HIGH ACADEMIC ACHIEVEMENT TO BE SUCCESSFUL IN LIFE | $15,000 |
Youth Force Nola New Orleans, LA PURPOSE: CAREER-CONNECTED LEARNING | $13,328 |
The Greater New Orleans Foundation New Orleans, LA PURPOSE: EDUCATION | $10,200 |
Memton Fund Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,500 |
Fidelity Foundation Boston, MA PURPOSE: MATCHING GIFTS TO EDUCATION | $700 |
Endowment Analysis
| Beg. Balance | $145,981 |
| Ending Balance | $145,981 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Collegiate Academies New Orleans, LA | $15,386,568 | $45,139,366 |
Renew-Reinventing Education New Orleans, LA | $11,254,190 | $34,978,044 |
Foundation For Louisiana Students Baton Rouge, LA | $21,702,876 | $38,265,312 |
East Texas Advanced Academies Longview, TX | $2,379,457 | $32,700,344 |
Basis Texas Charter Schools Inc San Antonio, TX | $92,451,409 | $31,933,223 |
Discovery Health Sciences Foundation Inc Kenner, LA | $11,194,982 | $30,168,997 |
Arkansas Virtual Academy Little Rock, AR | $3,075,159 | $27,721,037 |
Algiers Charter School Association Inc New Orleans, LA | $11,545,116 | $21,416,188 |
Einstein Group New Orleans, LA | $9,740,028 | $21,533,973 |
Golden Rule Schools Inc Desto, TX | $72,016,277 | $20,883,674 |
Advocates For Arts Based Educationinc New Orleans, LA | $25,052,581 | $22,710,552 |
Lighthouse Academies Of Arkansas Inc North Little Rock, AR | $582,799 | $18,301,867 |