Drexel Prep Foundation
- Assets
- $6.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 06/2014
- Data as of
- 12/2018
- EIN
- 46-2138475
Organization Overview
Drexel Prep Foundation is located in New Orleans, LA. The organization was established in 2014. 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. Drexel Prep 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 12/2018, Drexel Prep Foundation generated $18.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (24.1%) each year. All expenses for the organization totaled $18.1k during the year ending 12/2018. As we would expect to see with falling revenues, expenses have declined by (28.6%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2018
Describe the Organization's Program Activity:
Part 3
FUNDRAISER- MASQUERADE ON MAGAZINE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Torrie Jakes Secretary | 10 | $0 | |
Tonji Williams Board Member | 10 | $0 | |
Ariel Sherman Board Member | 10 | $0 | |
Romy Schofield Samuel Vice President | 10 | $0 | |
Rochelle Wilcox Board Member | 10 | $0 | |
Niobe Joseph President | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,355 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $15,359 |
| Other Revenue | $0 |
| Total Revenue | $18,714 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,950 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,268 |
| Total expenses | $18,075 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $6,243 |
| Other assets | $0 |
| Total assets | $6,243 |
| Total liabilities | $0 |
| Net assets or fund balances | $6,243 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Drexel Prep Foundation has recieved totaling $20,138.
| Awarding Organization | Amount |
|---|---|
The Greater New Orleans Foundation New Orleans, LA PURPOSE: FUND RAISING & FUND DISTRIBUTION | $20,138 |
Peer Organizations
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|---|---|---|
Hispanic Association Of Colleges And Universities San Antonio, TX | $14,909,180 | $14,551,149 |
Passages America Israel Inc Allen, TX | $8,997,691 | $7,060,714 |
Extend-A-Care Inc Austin, TX | $4,350,683 | $9,102,758 |
Educate Girls Austin, TX | $42,960,470 | $14,126,525 |
North Mississippi Education Consortion University, MS | $2,578,004 | $9,299,460 |
Evolution Acadamy Richardson, TX | $15,542,643 | $6,925,248 |
Prime Time Family Reading New Orleans, LA | $2,481,247 | $6,549,424 |
Education Explosion Inc Baker, LA | $3,387,408 | $6,209,452 |
Voices For International Business & Education New Orleans, LA | $1,902,428 | $5,951,946 |
Etoile Academy Inc Houston, TX | $2,573,808 | $5,883,620 |
New Harmony High Institute New Orleans, LA | $1,996,548 | $5,610,284 |
Military Child Education Coalition Harker Heights, TX | $6,140,350 | $5,465,569 |