Abeona House
- Assets
- $518.2k
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 60
- Location
- New Orleans, LA
- Founding
- 06/2007
- Data as of
- 07/2023
- EIN
- 20-4198413
Organization Overview
Abeona House is located in New Orleans, LA. The organization was established in 2007. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 07/2023, Abeona House employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Abeona House 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 07/2023, Abeona House generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $1.7m during the year ending 07/2023. While expenses have increased by 15.3% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR PURPOSE IS TO SUPPORT FAMILIES THROUGH HIGH QUALITY CHILDCARE FOR THEIR CHILDREN, A SENSE OF COMMUNITY, AND THE CO-CREATION OF LEARNING OPPORTUNITIES BETWEEN CHILDREN, PARENTS, TEACHERS, AND THE LARGER COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE PROVIDED QUALITY CHILDCARE AND PRESCHOOL EDUCATION FOR THE CHILDREN ENROLLED IN OUR PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amelia Singleton Executive Dir. | Trustee | 40 | $70,542 |
Aisosa Ogunbor Interim Co-Ed | Trustee | 40 | $45,506 |
Amanda Morettini Interim Co-Ed | Trustee | 40 | $41,265 |
Jaden Kifer Board Member | Trustee | 1 | $0 |
Emily Hartnett Board Member | Trustee | 1 | $0 |
John Williams Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $4,288 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $196,185 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $200,473 |
| Total Program Service Revenue | $1,484,404 |
| Investment income | $8 |
| 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 | $1,684,885 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $48,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $170,917 |
| Compensation of current officers, directors, key employees. | $68,367 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $946,238 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $89,833 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,000 |
| Fees for services: Accounting | $11,768 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,275 |
| Advertising and promotion | $0 |
| Office expenses | $837 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $175,354 |
| Travel | $13 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $410 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,516 |
| Insurance | $76,082 |
| All other expenses | $4,434 |
| Total functional expenses | $1,709,748 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $142,040 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$192 |
| 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 | $3,475 |
| Net Land, buildings, and equipment | $372,858 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $518,181 |
| Accounts payable and accrued expenses | $19,858 |
| 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 | $7,107 |
| Total liabilities | $26,965 |
| Net assets without donor restrictions | $491,216 |
| 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 | $518,181 |