Better Choice Foundation
- Assets
- $82.4k
- Revenue
- $553.0
- Investments
- $0.0
- Employees
- 3
- Location
- New Orleans, LA
- Founding
- 11/2012
- Data as of
- 06/2021
- EIN
- 45-5596256
Organization Overview
Better Choice Foundation is located in New Orleans, LA. The organization was established in 2012. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Better Choice Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Better Choice Foundation 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 06/2021, Better Choice Foundation generated $553.0 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 (73.8%) each year. All expenses for the organization totaled $844.6k during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE, EMPOWER, AND MOTIVATE CHILDREN WITHIN ORLEANS PARISH TO BE FUTURE LEADERS BY INFUSING THE LATEST TECHNOLOGICAL RESOURCES WHILE CREATING AN EDUCATIONAL ENVIRONMENTAL THAT FOSTERS ACADEMIC EXCELLENCE, ENCOURAGES SOCIAL COMPETENCE, AND CHALLENGES YOUNG MINDS TO EXCEED THE HIGHEST OF EDUCATIONAL EXPECTATIONS IN EVERY ACADEMIC FIELDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO UNITE WITH PARENTS AND THE COMMUNITY TO CREATE AND MAINTAIN A SAFE QUALITY LEARNING ENVIRONMENT. TO BUILD A CULTURE THAT WILL PARTNER PARENTS, CHILDREN AND TEACHERS BY PROVIDING VARIOUS ACTIVITIES. THE ACTIVITIES WILL ADDRESS THE DEVELOPMENT OF PARENTAL KNOWLEDGE ABOUT THE SCHOOL'S CURRICULUM AND THE LEVEL OF EXPECTATIONS THE SCHOOL COMMUNITY REQUIRE FOR STUDENT PERFORMANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rayven Calloway Head Of Scho | Officer | 40 | $167,115 |
Terri Baptiste-Franklin Treasurer | OfficerTrustee | 2 | $0 |
Kawanda Canter Member | Trustee | 2 | $0 |
Michael Carey Member | Trustee | 2 | $0 |
Remy Jones Member | Trustee | 2 | $0 |
Cathy Kendrick Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ems Transportation Transportation | 6/29/20 | $635,970 |
Blue Cross Blue Shields Of La Health Coverage | 6/29/20 | $397,526 |
Compass Group Lockbox Food Service | 6/29/20 | $286,063 |
Entergy Utility Service | 6/29/20 | $112,757 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $553 |
| 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 | $553 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $336,172 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,921 |
| Payroll taxes | $21,406 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $41,752 |
| Fees for services: Accounting | $58,209 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $393 |
| Information technology | $1,920 |
| Royalties | $0 |
| Occupancy | $4,488 |
| 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 | $316,418 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $15,989 |
| All other expenses | $0 |
| Total functional expenses | $844,563 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,308 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,099 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $82,407 |
| 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 |
| Total liabilities and net assets/fund balances | $82,407 |