Choice Foundation Endowment Fund
- Assets
- $241.1k
- Revenue
- $769.0
- Investments
- $219.1k
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 06/2010
- Data as of
- 06/2022
- EIN
- 27-0149835
Organization Overview
Choice Foundation Endowment Fund is located in New Orleans, LA. The organization was established in 2010. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Choice Foundation Endowment Fund 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, Choice Foundation Endowment Fund generated $769.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (44.2%) each year. All expenses for the organization totaled $17.5k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING FUNDS TO PUBLIC AND CHARTER SCHOOLS IN THE GREATER NEW ORLEANS AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allyson Mills Vice President | 1 | $0 | |
Charles M Lanier Jr Secretary | 1 | $0 | |
Hans Jonassen Treasurer | 1 | $0 | |
James Swanson President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,019 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,250 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $769 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,250 |
| Contributions, gifts, grants paid | $15,200 |
| Total expenses and disbursements | $17,450 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,027 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $241,143 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Valor Texas Education Foundation Austin, TX | $20,040,325 | $11,565,701 |
Eugene Higgins Charitable Trust Dallas, TX | $194,077,327 | $32,131,659 |
Lyndon Baines Johnson Foundation Austin, TX | $271,934,270 | $12,544,612 |
Joe W & Dorothy Dorsett Brown Foundation Metairie, LA | $122,222,465 | $11,452,057 |
Canfield Family Foundation Austin, TX | $4,029,217 | $166,419 |
Yellowstone Academy Inc Houston, TX | $16,392,464 | $16,744,043 |
Houston Community College Foundation Houston, TX | $19,733,211 | $7,332,146 |
Houston Independent School District Foundation Houston, TX | $7,123,064 | $5,838,395 |
Mr & Mrs E H Sumners Foundation Jackson, MS | $72,595,869 | $8,309,284 |
4point0 Schools New Olreans, LA | $9,724,702 | $6,283,360 |
Highland Park Isd Education Foundation Dallas, TX | $46,743,509 | $10,941,164 |
New Orleans School Facility Finance Foundation New Orleans, LA | $104,818,685 | $1,309,211 |