New Orleans Military And Maritime Academy Inc
- Assets
- $24.6m
- Revenue
- $15.4m
- Investments
- $302.9k
- Employees
- 161
- Location
- New Orleans, LA
- Founding
- 06/2010
- Data as of
- 06/2022
- EIN
- 27-0868305
Organization Overview
New Orleans Military And Maritime Academy Inc is located in New Orleans, LA. The organization was established in 2010. 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, New Orleans Military And Maritime Academy Inc employed 161 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Orleans Military And Maritime Academy Inc 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, New Orleans Military And Maritime Academy Inc generated $15.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $14.4m during the year ending 06/2022. While expenses have increased by 9.3% 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 EDUCATE HIGH SCHOOL STUDENTS, NO MATTER THEIR BACKGROUND OR PREVIOUS SCHOOL EXPERIENCE, TO FULLY ACHIEVE THEIR PERSONAL AND ACADEMIC POTENTIAL THROUGH THE ACQUISITION OF CORE KNOWLEDGE AND THE SKILLS OF ANALYSIS, PROBLEM SOLVING, COMMUNICATION AND GLOBAL RESPONSIBILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL SERVES ELIGIBLE STUDENTS IN 8TH THROUGH 12TH GRADE WITH 1010 CADETS. THE ACADEMY ACHIEVED AN "A" RATING (SCHOOL PERFORMANCE SCORE) FOR SCHOOL YEAR 2021-2022 AND WAS ALSO RECOGNIZED AS A NAVAL HONOR SCHOOL DUE TO THE SUPERIOR PERFORMANCE WITH THE MARINE CORPS JUNIOR RESERVE OFFICE TRAINING CORPS (JROTC) PROGRAM. THE STATE BOARD OF ELEMENTARY AND SECONDARY EDUCATION APPROVED A 10-YEAR CHARTER RENEWAL FOR NOMMA IN 2016.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Colonel Terry Ebbert President | OfficerTrustee | 2 | $0 |
Dr Marcellus Grace Board Member | Trustee | 1 | $0 |
Mr Hudson Ellis Board Member | Trustee | 1 | $0 |
Mr Doug Downing Treasurer | OfficerTrustee | 2 | $0 |
Mr James Bean Jr Board Member | Trustee | 1 | $0 |
Peyton Bush IV Secretary | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sureway Transportation Bus Transportation | 6/29/22 | $956,585 |
Volunteers Of America South East Louisia Food Service | 6/29/22 | $367,072 |
Dell Financial Services It Equipment | 6/29/22 | $219,485 |
Woodward Design Building Renovations | 6/29/22 | $203,543 |
Arthur J Gallagher Risk Management Risk Management Services | 6/29/22 | $209,794 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,755,064 |
| All other contributions, gifts, grants, and similar amounts not included above | $106,097 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,861,161 |
| Total Program Service Revenue | $103,774 |
| Investment income | $441,180 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $729 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,429,354 |
| 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. | $458,477 |
| Compensation of current officers, directors, key employees. | $110,618 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,872,375 |
| Pension plan accruals and contributions | $187,032 |
| Other employee benefits | $675,347 |
| Payroll taxes | $546,693 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $85,256 |
| Fees for services: Accounting | $17,787 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,240,476 |
| Advertising and promotion | $37,253 |
| Office expenses | $446,089 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $874,113 |
| Travel | $82,102 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $480,819 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $844,084 |
| Insurance | $209,985 |
| All other expenses | $0 |
| Total functional expenses | $14,417,652 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,807,649 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,227,362 |
| 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 | $65,865 |
| Net Land, buildings, and equipment | $15,158,328 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $302,898 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,880 |
| Total assets | $24,580,982 |
| Accounts payable and accrued expenses | $1,172,113 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $10,696,190 |
| 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 | $80,036 |
| Total liabilities | $11,948,339 |
| Net assets without donor restrictions | $12,632,643 |
| 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 | $24,580,982 |