Inspirenola Charter Schools
- Assets
- $34.1m
- Revenue
- $84.3m
- Investments
- $909.7k
- Employees
- 983
- Location
- New Orleans, LA
- Founding
- 06/2013
- Data as of
- 06/2022
- EIN
- 46-0675150
Organization Overview
Inspirenola Charter Schools is located in New Orleans, LA. The organization was established in 2013. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Inspirenola Charter Schools employed 983 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inspirenola Charter 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, Inspirenola Charter Schools generated $84.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.7% each year . All expenses for the organization totaled $76.9m during the year ending 06/2022. While expenses have increased by 13.3% 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 INSPIRE AN EDUCATIONAL MOVEMENT WHERE STUDENTS CAN DEVELOP ACADEMIC AND PERSONAL SKILLS IN ORDER TO BE PREPARED FOR COLLEGE, THEIR COMMUNITY AND THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION WAS GRANTED A CHARTER BY THE ORLEANS PARISH SCHOOL BOARD AND APPROVED BY THE STATE BOARD OF ELEMENTARY AND SECONDARY EDUCATION TO OPERATE TWO ELEMENTARY SCHOOLS, ALICE M. HARTE ELEMENTARY, MCDONOUGH 42 ELEMENTARY, TWO HIGH SCHOOLS, EDNA KARR SENIOR HIGH AND MCDONOUGH 35 SENIOR HIGH, THREE CHARTER SCHOOLS, ANDREW WILSON, PIERRE CAPDAU AND DWIGHT D. EISENHOWER, AND ONE SECONDARY SCHOOL ELEANOR MCMAIN IN NEW ORLEANS, LOUISIANA. THE CHARTERS ARE EFFECTIVE FOR VARIOUS YEARS EXPIRING JUNE 30, 2023 THROUGH JUNE 30, 2029.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Jo Roberts Board President | OfficerTrustee | 1 | $0 |
Shawn Rogers Board Vice President | OfficerTrustee | 1 | $0 |
Jay Daniels Board Secretary | OfficerTrustee | 1 | $0 |
Stephen J Boyard Jr Treasurer | OfficerTrustee | 1 | $0 |
Karren Y Alexander Board Member | Trustee | 1 | $0 |
James Dabney Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chartwells Dining Service Food Service Provider | 6/29/22 | $1,799,642 |
Abm Custodial | 6/29/22 | $549,158 |
First Studentfirst Group America Student Transportation | 6/29/22 | $3,608,698 |
Nola Service Star Janitorial Servicers L Custodial | 6/29/22 | $503,603 |
Cmc Corporate Solutions Maintenance | 6/29/22 | $495,199 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $83,512,222 |
| All other contributions, gifts, grants, and similar amounts not included above | $364,232 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $83,876,454 |
| Total Program Service Revenue | $86,940 |
| Investment income | $51,617 |
| 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 | $84,277,535 |
| 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. | $1,447,554 |
| Compensation of current officers, directors, key employees. | $81,808 |
| Compensation to disqualified persons | $36,760,220 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $9,354,806 |
| Other employee benefits | $4,018,433 |
| Payroll taxes | $694,422 |
| 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 | $1,263,429 |
| Advertising and promotion | $156,974 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,347,701 |
| Travel | $108,692 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $118,152 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $289,773 |
| Insurance | $690,136 |
| All other expenses | $4,525,036 |
| Total functional expenses | $76,877,930 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,191,317 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $14,401,786 |
| Accounts receivable, net | $146,106 |
| 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 | $2,153,752 |
| Net Land, buildings, and equipment | $1,227,700 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $909,737 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $116,615 |
| Total assets | $34,147,013 |
| Accounts payable and accrued expenses | $10,947,639 |
| Grants payable | $0 |
| Deferred revenue | $857,096 |
| 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 | $150,000 |
| Unsecured mortgages and notes payable | $300,000 |
| Other liabilities | $547,680 |
| Total liabilities | $12,802,415 |
| Net assets without donor restrictions | $17,921,003 |
| Net assets with donor restrictions | $3,423,595 |
| 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 | $34,147,013 |