Advocates For Innovative Schoolsinc
- Assets
- $3.8m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 84
- Location
- New Orleans, LA
- Founding
- 04/2008
- Data as of
- 06/2022
- EIN
- 20-4230899
Organization Overview
Advocates For Innovative Schoolsinc is located in New Orleans, LA. The organization was established in 2008. 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, Advocates For Innovative Schoolsinc employed 84 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Advocates For Innovative Schoolsinc 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, Advocates For Innovative Schoolsinc generated $6.0m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $5.8m during the year ending 06/2022. 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
THE EDUCATIONAL PROGRAM IS DESIGNED TO FACILITATE LEARNING AND DEVELOP SCHOLARSHIP IN A SAFE AND NON-STIGMATIZING ENVIRONMENT. OUR FOCUS IS THE DEVELOPMENT OF THE WHOLE CHILD ACADEMICALLY, SOCIALLY, PHYSICALLY, AND EMOTIONALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVOCATES FOR INNOVATIVE SCHOOLS, INC. OPENED A CHARTER SCHOOL TO IMPROVE THE QUALITY OF EDUCATION FOR CHILDREN IN ORLEANS PARISH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Mccrary CEO | Trustee | 40 | $127,785 |
Marlene Wade Chief Financial Officer | 40 | $119,728 | |
Deidra Bradley Principal | 40 | $105,822 | |
Debra Adams Board Members | Trustee | 0 | $0 |
Terry J Clay Board Member | Trustee | 0 | $0 |
Raven Bell Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,072,939 |
| All other contributions, gifts, grants, and similar amounts not included above | $65,946 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,138,885 |
| Total Program Service Revenue | $3,832,949 |
| Investment income | $866 |
| 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 | $5,972,700 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,356,991 |
| Pension plan accruals and contributions | $656,690 |
| Other employee benefits | $63,843 |
| Payroll taxes | $63,394 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $38,500 |
| Fees for services: Accounting | $81,259 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $95,506 |
| Advertising and promotion | $13,371 |
| Office expenses | $504,279 |
| Information technology | $171,320 |
| Royalties | $0 |
| Occupancy | $217,330 |
| Travel | $395,782 |
| 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 | $1,429 |
| Insurance | $379,058 |
| All other expenses | $0 |
| Total functional expenses | $5,804,346 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,718,513 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $991,387 |
| 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 | $69,382 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,779,282 |
| Accounts payable and accrued expenses | $303,935 |
| 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 | $38,591 |
| Total liabilities | $342,526 |
| Net assets without donor restrictions | $3,436,756 |
| 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 | $3,779,282 |