Educators For Quality Alternatives
- Assets
- $2.4m
- Revenue
- $8.7m
- Investments
- $0.0
- Employees
- 142
- Location
- New Orleans, LA
- Founding
- 03/2011
- Data as of
- 06/2022
- EIN
- 27-0588087
Organization Overview
Educators For Quality Alternatives is located in New Orleans, LA. The organization was established in 2011. 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, Educators For Quality Alternatives employed 142 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Educators For Quality Alternatives 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, Educators For Quality Alternatives generated $8.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.3% each year . All expenses for the organization totaled $9.5m during the year ending 06/2022. While expenses have increased by 23.3% 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
TO PROVIDE STRUGGLING HIGH SCHOOL STUDENTS WITH THE SKILLS, CONFIDENCE, AND EXPERIENCES NECESSARY TO SUCCEED IN THE EDUCATION AND CAREER PATHS OF THEIR CHOICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION RUNS THE NET: CENTRAL CITY, THE NET: GENTILLY, AND THE NEW ORLEANS ACCELERATED HIGH SCHOOL. TOGETHER THESE SCHOOLS SERVE APPROXIMATELY 400 8TH-12TH GRADERS AND HAVE CONSISTENTLY MET OR EXCEEDED THEIR ACHIEVEMENT GOALS ON THE ALTERNATIVE ACCOUNTABILITY RUBRIC. OVER 560 STUDENTS HAVE GRADUATED FROM THE NETS AND THE SCHOOLS HAVE EARNED A SOLID REPUTATION AMONG FAMILIES, ADVOCATES, AND EDUCATORS FOR EMBRACING STUDENTS WITH SIGNIFICANT NEEDS AND PROVIDING A TRANSFORMATIONAL EXPERIENCE TO SUPPORT THEIR ACADEMIC AND BEHAVIORAL GROWTH. EQA ALSO RUNS THE BRIDGE MIDDLE SCHOOL. THE BRIDGE HAS SERVED EVERY 7TH AND 8TH GRADER EXPELLED IN ORLEANS PARISH DURING THE PAST THREE YEARS. THE PROGRAM SERVES APPROXIMATELY 30 STUDENTS PER YEAR IN A HIGHLY THERAPEUTIC ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julio Bermudez Board Member | Trustee | 1 | $0 |
Mary Jones Board Member | Trustee | 1 | $0 |
Cecelia Gillam Board Member | Trustee | 1 | $0 |
Donna Paramore Board Member | Trustee | 1 | $0 |
Nelly Lopez Board Member | Trustee | 1 | $0 |
Nikesha Woodridge Board Member (thru 04/2022) | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Goodwill Industries Custodial Services | 6/29/22 | $242,863 |
Assuring Destinations Llc Student Transportation Services | 6/29/22 | $177,589 |
Mbsai Health & Safety Services Llc Student Medical Services | 6/29/22 | $150,241 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,400,594 |
| All other contributions, gifts, grants, and similar amounts not included above | $315,156 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,715,750 |
| Total Program Service Revenue | $0 |
| Investment income | $69 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,306 |
| 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 | $8,728,125 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $33,313 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $145,312 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,843,887 |
| Pension plan accruals and contributions | $138,445 |
| Other employee benefits | $517,350 |
| Payroll taxes | $377,760 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $723,146 |
| Advertising and promotion | $0 |
| Office expenses | $166,271 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $941,850 |
| Travel | $0 |
| 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 | $54,416 |
| Insurance | $93,011 |
| All other expenses | $241,671 |
| Total functional expenses | $9,494,983 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $136,154 |
| Savings and temporary cash investments | $1,070,611 |
| Pledges and grants receivable | $1,069,947 |
| 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 | $99,227 |
| Net Land, buildings, and equipment | $25,353 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,750 |
| Total assets | $2,410,042 |
| Accounts payable and accrued expenses | $1,110,371 |
| Grants payable | $0 |
| Deferred revenue | $62,629 |
| 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 | $1,173,000 |
| Net assets without donor restrictions | $1,151,954 |
| Net assets with donor restrictions | $85,088 |
| 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 | $2,410,042 |