Laureate Academy Inc
- Assets
- $2.7m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 61
- Location
- Harvey, LA
- Founding
- 12/2014
- Data as of
- 06/2021
- EIN
- 46-4907729
Organization Overview
Laureate Academy Inc is located in Harvey, LA. The organization was established in 2014. 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, Laureate Academy Inc employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laureate Academy 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, Laureate Academy Inc generated $5.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 31.5% each year . All expenses for the organization totaled $3.9m during the year ending 06/2021. While expenses have increased by 27.2% 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
PREPARING STUDENTS IN GRADES K-8 WITH THE ACADEMIC SKILLS AND CHARACTER FOR SCHOOL AND LIFE SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAUREATE ACADEMY CHARTER SCHOOL IS AN APPROVED K-8 TUITION-FREE AND OPEN ENROLLMENT CHARTER SCHOOL. THE ACADEMY SERVES ALL STUDENTS INCLUDING STUDENTS WITH LIMITED ENGLISH PROFICIENCY AND STUDENTS WITH SPECIAL NEEDS AND SEEKS TO EQUIP ALL STUDENTS WITH THE ACADEMIC SKILLS, MINDSETS, AND HABITS FOR LONG-TERM SUCCESS. LAUREATE ACADEMY SERVED APPROXIMATELY 360 STUDENTS IN GRADES K-5.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Claire Heckerman Head Of School | Officer | 50 | $93,345 |
William Aaron Chair, President Thru 11/2020 | OfficerTrustee | 2 | $0 |
David Huete Chair, President Starting 11/20 | OfficerTrustee | 2 | $0 |
Nicholas Aucoin Treasurer | OfficerTrustee | 2 | $0 |
Patricia Leblanc Vice Chair | OfficerTrustee | 2 | $0 |
Jordan Whittenburg Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,161,473 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,309 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,166,782 |
| Total Program Service Revenue | $0 |
| Investment income | $8,173 |
| 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 | $5,175,189 |
| 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. | $110,225 |
| Compensation of current officers, directors, key employees. | $55,112 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,161,954 |
| Pension plan accruals and contributions | $20,598 |
| Other employee benefits | $170,695 |
| Payroll taxes | $177,915 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,420 |
| Fees for services: Accounting | $63,426 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $382,105 |
| Advertising and promotion | $1,716 |
| Office expenses | $35,669 |
| Information technology | $74,206 |
| Royalties | $0 |
| Occupancy | $308,224 |
| Travel | $8,888 |
| 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 | $47,920 |
| Insurance | $39,231 |
| All other expenses | $0 |
| Total functional expenses | $3,940,179 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,768,659 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $212,383 |
| 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 | $16,165 |
| Net Land, buildings, and equipment | $724,565 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,115 |
| Total assets | $2,747,887 |
| Accounts payable and accrued expenses | $81,029 |
| 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 | $81,029 |
| Net assets without donor restrictions | $2,666,858 |
| 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 | $2,747,887 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Laureate Academy Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
The Greater New Orleans Foundation New Orleans, LA PURPOSE: EDUCATION | $25,000 |
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 |