Crescent City Schools
- Assets
- $12.4m
- Revenue
- $38.0m
- Investments
- $0.0
- Employees
- 518
- Location
- New Orleans, LA
- Founding
- 05/2011
- Data as of
- 06/2022
- EIN
- 27-2811737
Organization Overview
Crescent City Schools is located in New Orleans, LA. The organization was established in 2011. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 06/2022, Crescent City Schools employed 518 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Crescent City Schools 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, Crescent City Schools generated $38.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $37.4m during the year ending 06/2022. While expenses have increased by 7.8% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT, DEVELOP AND MANAGE OPEN ENROLLMENT CHARTER SCHOOLS.
Describe the Organization's Program Activity:
IN 2022, CRESCENT CITY SCHOOLS SERVED MORE THAN 2,200 STUDENTS IN NEW ORLEANS ACROSS FOUR CAMPUSES: HARRIET TUBMAN CHARTER SCHOOL, TUBMAN MONTESSORI, AKILI ACADEMY, AND DOROTHY HEIGHT CHARTER SCHOOL (FKA PAUL HABANS CHARTER SCHOOL). EACH OF THE SCHOOLS IN THE NETWORK RECEIVED A GRADE OF A FOR THE "INTERESTS AND OPPORTUNITIES" MEASURE, AS MEASURED BY THE LOUISIANA DEPARTMENT OF EDUCATION. ALL SCHOOLS IN THE CCS NETWORK ALSO EARNED A GRADE OF A FOR THE LDOE'S DROPOUT CREDIT ACCUMULATION INDEX, WHICH MEASURES HOW WELL-PREPARED FORMER CCS STUDENTS WERE FOR HIGH SCHOOL. IN ADDITION TO THEIR PRIMARY ROLES AS EDUCATORS, CCS STAFF MEMBERS WORKED HARD IN 2022 TO ENSURE THE HEALTH OF STUDENTS AMIDST THE ONGOING COVID-19 PANDEMIC. STAFF MEMBERS ORGANIZED MORE THAN 20 VACCINATION EVENTS ACROSS THE NETWORK, WHICH ENABLED A TOTAL OF 3,283 VACCINE DOSES TO BE ADMINISTERED TO CCS STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Monica Landry Chair | OfficerTrustee | 5 | $0 |
Riley Kennedy Vice-Chair | OfficerTrustee | 2 | $0 |
Christopher Dufour Secretary | OfficerTrustee | 2 | $0 |
Jeff Teague Treasurer | OfficerTrustee | 5 | $0 |
Paul Frantz Board Member | Trustee | 2 | $0 |
Lakeisha Green Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc & Affiliates School Food Service | 6/29/22 | $2,513,966 |
Apple Bus Company Student Transportation | 6/29/22 | $1,584,189 |
First Student Inc Student Transportation | 6/29/22 | $423,919 |
Corporate Mechanical Contractors Facility Maintenance | 6/29/22 | $279,589 |
Axi Education Solutions Classroom Technology | 6/29/22 | $276,556 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $36,400,649 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,244,000 |
| Noncash contributions included in lines 1a–1f | $475,789 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $37,644,649 |
| Total Program Service Revenue | $166,157 |
| Investment income | $17,045 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,250 |
| 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 | $37,952,895 |
| 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. | $664,619 |
| Compensation of current officers, directors, key employees. | $38,472 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,985,472 |
| Pension plan accruals and contributions | $613,348 |
| Other employee benefits | $2,881,344 |
| Payroll taxes | $1,303,201 |
| 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 | $2,128,912 |
| Advertising and promotion | $127,546 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,419,957 |
| Travel | $34,837 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,840 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $106,203 |
| Insurance | $308,354 |
| All other expenses | $1,713,581 |
| Total functional expenses | $37,425,618 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $608,579 |
| Savings and temporary cash investments | $8,431,044 |
| Pledges and grants receivable | $2,477,812 |
| Accounts receivable, net | $49,645 |
| 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 | $59,390 |
| Net Land, buildings, and equipment | $759,490 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $52,035 |
| Total assets | $12,437,995 |
| Accounts payable and accrued expenses | $3,692,570 |
| Grants payable | $0 |
| Deferred revenue | $89,500 |
| 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 | $220,449 |
| Other liabilities | $0 |
| Total liabilities | $4,002,519 |
| Net assets without donor restrictions | $8,290,568 |
| Net assets with donor restrictions | $144,908 |
| 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 | $12,437,995 |