Noble Minds Inc
- Assets
- $541.2k
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 19
- Location
- New Orleans, LA
- Founding
- 03/2015
- Data as of
- 06/2021
- EIN
- 46-1611872
Organization Overview
Noble Minds Inc is located in New Orleans, LA. The organization was established in 2015. 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, Noble Minds Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Noble Minds 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 06/2021, Noble Minds Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 47.6% each year . All expenses for the organization totaled $1.3m during the year ending 06/2021. While expenses have increased by 50.0% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO CREATE AN ENVIRONMENT WHERE STUDENTS RECEIVE HIGH QUALITY INSTRUCTION AND EFFECTIVE PERSONAL GROWTH STRATEGIES THAT WILLPREPARE THEM TO SUCCESSFULLY NAVIGATE THE NEXT STAGE OF THEIR EDUCATIONAL JOURNEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THERE ARE FOUR MAJOR OUTCOMES THAT WE WANT FOR THE NOBLE MINDS STUDENTS. THESE FOUR OUTCOMES UTIMATELY LEAD TO ACCEPTANCE INTO, AND GRADUATION FROM, A HIGH SCHOOL OF STUDENTS' CHOICE FOLLOWED BY A SEAMLESS AND SUCESSFUL ENTRY INTO A FOUR YEAR COLLEGE OR A SUCCESSFUL CAREER PATH. 1. THEY WILL BE PREPARED TO ATTEND THE MOST ACADEMICALLY RIGOROUS SCHOOLS IN THE REGION. 2. STUDENTS WILL HAVE INCREASED THEIR EXECUTIVE FUNCTIONING SKILLS SIGNIFICANTLY BY TIME THEY EXIT NOBLE MINDS TO HEAD TO HIGH SCHOOL. 3. NOBLE MINDS STUDENTS WILL BE ABLE TO COMMUNICATE EFFECTIVELY VERBALLY AND IN WRITING WITH PEERS AND ADULTS TO EXPRESS EMOTIONS, SEEK INFORMATION, SHARE INFORMATION, TO BUILD RELATIONSHIPS AND TO DEVELOP THEIR OWN THINKING. 4. THE EXPERIENCE OF LEARNING TO BE AS SATISFYING AS THE LEARNING ITSELF.
THERE ARE FOUR MAJOR OUTCOMES THAT WE WANT FOR THE NOBLE MINDS STUDENTS. THESE FOUR OUTCOMES UTIMATELY LEAD TO ACCEPTANCE INTO, AND GRADUATION FROM, A HIGH SCHOOL OF STUDENTS' CHOICE FOLLOWED BY A SEAMLESS AND SUCESSFUL ENTRY INTO A FOUR YEAR COLLEGE OR A SUCCESSFUL CAREER PATH. 1. THEY WILL BE PREPARED TO ATTEND THE MOST ACADEMICALLY RIGOROUS SCHOOLS IN THE REGION. 2. STUDENTS WILL HAVE INCREASED THEIR EXECUTIVE FUNCTIONING SKILLS SIGNIFICANTLY BY TIME THEY EXIT NOBLE MINDS TO HEAD TO HIGH SCHOOL. 3. NOBLE MINDS STUDENTS WILL BE ABLE TO COMMUNICATE EFFECTIVELY VERBALLY AND IN WRITING WITH PEERS AND ADULTS TO EXPRESS EMOTIONS, SEEK INFORMATION, SHARE INFORMATION, TO BUILD RELATIONSHIPS AND TO DEVELOP THEIR OWN THINKING. 4. THE EXPERIENCE OF LEARNING TO BE AS SATISFYING AS THE LEARNING ITSELF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vera Triplett CEO | OfficerTrustee | 40 | $117,108 |
Patricia Hawley Chair | OfficerTrustee | 2 | $0 |
Naila Campbell Member | Trustee | 2 | $0 |
Jerry Hall Member | Trustee | 2 | $0 |
Guyon Lewis Member | Trustee | 2 | $0 |
Amika Kali Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $295,745 |
| All other contributions, gifts, grants, and similar amounts not included above | $181,404 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $477,149 |
| Total Program Service Revenue | $1,231,915 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$155,000 |
| 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 | $1,554,064 |
| 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. | $117,108 |
| Compensation of current officers, directors, key employees. | $117,108 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $626,798 |
| Pension plan accruals and contributions | $5,388 |
| Other employee benefits | $28,284 |
| Payroll taxes | $59,497 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $24,203 |
| 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 | $1,265 |
| Insurance | $20,056 |
| All other expenses | $9,172 |
| Total functional expenses | $1,340,737 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $481,084 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $31,030 |
| Accounts receivable, net | $5,491 |
| 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 | $2,211 |
| Net Land, buildings, and equipment | $3,900 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,500 |
| Total assets | $541,216 |
| Accounts payable and accrued expenses | $55,513 |
| 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 | $24,203 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $79,716 |
| Net assets without donor restrictions | $461,500 |
| 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 | $541,216 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Noble Minds Inc has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
New Schools For New Orleans Inc New Orleans, LA PURPOSE: SUMMER LEARNING GRANT | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lighthouse Academies Of Arkansas Inc North Little Rock, AR | $582,799 | $18,301,867 |
New Beginnings School Foundation New Orleans, LA | $1,802,768 | $18,016,749 |
Hynes Charter School Corporation New Orleans, LA | $8,219,375 | $19,932,415 |
Legacy21 Inc Mesquite, TX | $40,270,776 | $19,212,915 |
International Academy Williamson County Round Rock, TX | $33,542,303 | $17,313,740 |
South Louisiana Charter Foundation Inc Baton Rouge, LA | $21,098,630 | $17,110,169 |
Morris Jeff Community School New Orleans, LA | $5,535,424 | $16,539,603 |
Young Audiences Charter Association Gretna, LA | $6,537,878 | $17,122,666 |
New Orleans Military And Maritime Academy Inc New Orleans, LA | $24,580,982 | $15,429,354 |
Shreveport Charter Schools Inc Shreveport, LA | $6,808,149 | $15,366,489 |
Warren Easton Sr High School Foundation Inc New Orleans, LA | $11,574,185 | $12,571,642 |
The Friends Of King School New Orleans, LA | $5,901,929 | $9,680,665 |