Belltower New Orleans
- Assets
- $199.9k
- Revenue
- $452.3k
- Investments
- $0.0
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 06/2019
- Data as of
- 12/2022
- EIN
- 37-1904425
Organization Overview
Belltower New Orleans is located in New Orleans, LA. The organization was established in 2019. According to its NTEE Classification (B90) the organization is classified as: Educational Services, 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. Belltower New Orleans 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 12/2022, Belltower New Orleans generated $452.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 24.5% each year . All expenses for the organization totaled $359.6k during the year ending 12/2022. 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
BELLTOWER'S ROLE IS TO BE CATALYTIC AND COLLABORATIVE IN HELPING TO CREATE (CONT'D ON SCH O) BETTER OPTIONS FOR NEW ORLEANS PUBLIC SCHOOL GRADUATES. IT WILL PROVIDE RESEARCH AND LEADERSHIP TO EXPEDITE IMPLEMENTATION OF NEW PROGRAMS AND OPTIONS FOR THESE STUDENTS. AS NEEDED, IT WILL PROVIDE PLANNING AND STARTUP GRANTS TO OTHER ORGANIZATIONS TO FACILITATE PROGRAM DEVELOPMENT OR CHOOSE TO OPERATE A PROGRAM DIRECTLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROMISE PROGRAM:THE ORGANIZATION OFFERS SCHOLARSHIPS AND SUPPORT TO PELL ELIGIBLE NOLA HIGH SCHOOL GRADUATES ATTENDING UNIVERSITY OF LOUISIANA AT LAFAYETTE AND UNIVERSITY OF NEW ORLEANS. THE ULL PARTNERSHIP CONTINUES TO GROW AND IMPROVE WITH EACH COHORT (STUDENTS ENROLLING AS FRESHMAN). BELLTOWER HAD 134 STUDENTS ENROLLED IN UNIVERSITY OF LOUISIANA AT LAFAYETTE DURING 2022. WE CELBRATED OUR FIRST GRADUATES, AND CONTINUE TO DEMONSTRATE A STRONG PERSISTENCY RATE. THE ORGANIZATION'S INITIAL EFFORTS WITH UNO WERE DISRUPTED BY COVID-19. AS A RESULT, THE ORGANIZATION SPENT 2021 REVAMPING THE PROGRAM AND LAUNCHED STARTSMART AT UNO IN THE FALL OF 2022 WITH 58 PELL ELIGIBLE FRESHMAN.
THE GATEWAY COLLABORATIVE:BELLTOWER CONTINUED MARKETING ITS PROGRAMS TO HIGH SCHOOL GUIDANCE COUNSELORS. THE VARIOUS PROGRAMS SUPPORTED BY BELLTOWER (PROMISE PROGRAMS AT UNIVERSITY OF LOUISIANA AT LAFAYETTE AND UNIVERSITY OF NEW ORLEANS) AND THE GATEWAY COLLABORATIVE PROGRAMS (TRELLIS AT TULANE UNIVERSITY, LAUNCH, AND NEXT LEVEL NOLA) ASSISSTED/ENROLLED OVER 250 STUDENTS IN POST-SECONDARY EDUCATION. BELLTOWER GAVE CORPORATE INTERNSHIP LEADERSHIP INSTITUTE A $65,000 GRANT TO WORK WITH BELLTOWER'S ULL PROMISE STUDENTS FOR THE SCHOOL YEAR 2022-23 TO HELP PREPARE STUDENTS FOR LIFE POST COLLEGE GRADUATION. THE ORGANIZATION PROVIDED CAREER COACHING TO FALL 2022 AND SPRING 2023 GRADUATES. THE CAREER COACHING PROGRAM OFFERED 6 COLLEGE TO (CONTINUED ON SCHEDULE O) CAREER SESSIONS AT ULL (3 IN FALL 2022 AND 3 IN SPRING 2023) OPEN TO ALL PROMISE STUDENTS AND ALSO PLACED 15 STUDENTS IN PAID SUMMER INTERNSHIPS. BELLTOWER GRANTED $135,000 TO UNO FOR THE STARTSMART PROGRAM AT UNO, WHICH BEGAN IN AUGUST 2022 WITH THE FIRST COHORT. BELLTOWER GRANTED $22,000 TO YOUTHFORCE NOLA TO HELP OFFSET THE COST OF STIPENDS FOR STUDENTS ATTENDING EXTENSION ACADEMY (LAUNCH AND NEXT LEVEL NOLA), AS PART OF GATEWAY COLLABORATIVE, AND FOR ULL STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Rosenthal Chairman/director | OfficerTrustee | 5 | $0 |
Erika Mcconduit President | OfficerTrustee | 0.1 | $0 |
Leslie Jacobs Secretary/treasurer/director | OfficerTrustee | 5 | $0 |
Alexina Medley Director | Trustee | 0.1 | $0 |
Dr Norman Frances Director | Trustee | 0.1 | $0 |
Merritt Lane Director | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $452,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $452,000 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $452,291 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $221,600 |
| 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. | $100,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,650 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $100 |
| Total functional expenses | $359,554 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $199,859 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $199,859 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $199,859 |
| Total liabilities and net assets/fund balances | $199,859 |
Grants Awarded
Over the last fiscal year, Belltower New Orleans has awarded $221,600 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CORPORATE INTERNSHIP LEADERSHIP INSTITUTE PURPOSE: STUDENT TRAINING AND CAREER COUNSELING SUPPORT | $65,000 |
YOUTHFORCE NOLA PURPOSE: STIPENDS TO ULL STUDENTS FOR SUMMER INTERNSHIPS | $21,600 |
UNO FOUNDATION PURPOSE: FUNDING FOR STARTSMART, A PROGRAM FOCUSED ON IMPROVING THE COLLEGE SUCCESS PELL ELIGIBLE FRESHMAN FROM NEW ORLEANS AND JEFFERSON PARISH | $135,000 |