Hynes Charter School Corporation is located in New Orleans, LA. The organization was established in 2008. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Hynes Charter School Corporation employed 251 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hynes Charter School Corporation 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, Hynes Charter School Corporation generated $19.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $18.6m during the year ending 06/2022. While expenses have increased by 14.2% 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
PUBLIC SCHOOL EDUCATIONAL INSTITUTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELEMENTARY EDUCATION PROMOTING LIFELONG LEARNING WITH THE COOPERATION OF FAMILIES AND THE COMMUNITY. HYNES PROVIDES QUALITY EDUCATION, SHAPING LEADERS FOR A CHANGING WORLD.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Michelle Douglas CEO | Officer | 50 | $182,125 |
Leon Mathes CFO | Officer | 44 | $126,608 |
Shawn R Persick COO | Officer | 44 | $124,497 |
Anne Kramer Chief Academic Officer | Officer | 45 | $92,973 |
Jeannine Lafonta Chief Student Services Officer | Officer | 44 | $92,442 |
Alvin C Miester III President | OfficerTrustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Chillco Repairs & Maintenance | 6/29/22 | $123,989 |
Mesalain Consulting Group Consulting | 6/29/22 | $124,215 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $18,613,778 |
All other contributions, gifts, grants, and similar amounts not included above | $782,280 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $19,396,058 |
Total Program Service Revenue | $525,356 |
Investment income | $11,001 |
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 | $19,932,415 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $555,000 |
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. | $623,044 |
Compensation of current officers, directors, key employees. | $78,221 |
Compensation to disqualified persons | $8,965,855 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $2,256,768 |
Other employee benefits | $1,163,979 |
Payroll taxes | $159,580 |
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 | $1,089,652 |
Advertising and promotion | $20,066 |
Office expenses | $0 |
Information technology | $360,675 |
Royalties | $0 |
Occupancy | $511,764 |
Travel | $82,226 |
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 | $15,062 |
Insurance | $314,438 |
All other expenses | $333,541 |
Total functional expenses | $18,591,129 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $5,222,107 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $2,561,756 |
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 | $206,648 |
Prepaid expenses and deferred charges | $122,159 |
Net Land, buildings, and equipment | $89,305 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $17,400 |
Total assets | $8,219,375 |
Accounts payable and accrued expenses | $1,066,277 |
Grants payable | $0 |
Deferred revenue | $146,051 |
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 | $1,212,328 |
Net assets without donor restrictions | $6,989,385 |
Net assets with donor restrictions | $17,662 |
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 | $8,219,375 |
Over the last fiscal year, we have identified 2 grants that Hynes Charter School Corporation has recieved totaling $32,523.
Awarding Organization | Amount |
---|---|
Pro Bono Publico Foundation New Orleans, LA PURPOSE: PUBLIC SCHOOL EDUCATIONAL INSTITUTION | $25,000 |
The Greater New Orleans Foundation New Orleans, LA PURPOSE: EDUCATION | $7,523 |
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 |