Loop Nola
- Assets
- $111.8k
- Revenue
- $256.8k
- Investments
- $0.0
- Employees
- 6
- Location
- New Orleans, LA
- Founding
- 11/2015
- Data as of
- 06/2021
- EIN
- 47-5432248
Organization Overview
Loop Nola is located in New Orleans, LA. The organization was established in 2015. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2021, Loop Nola employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Loop Nola 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, Loop Nola generated $256.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.7% each year . All expenses for the organization totaled $247.0k during the year ending 06/2021. While expenses have increased by 19.5% 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAINED AND CERTIFIED LOOP NOLA STAFF MEMBERS WORK CLOSELY WITH TEACHERS AND ADMINISTRATORS TO CREATE CUSTOMIZED HALF-DAY, FULL-DAY OR OVERNIGHT PROGRAMS TO MEET SPECIFIC SOCIAL, TECHNICAL OR ACADEMIC OBJECTIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Skvarka Executive Director | Officer | 40 | $73,600 |
Jessica Irving-Marin Lmsw Secretary | OfficerTrustee | 0.5 | $0 |
John Lovett Board Chair | OfficerTrustee | 0.5 | $0 |
Clay Beery Board Member | Trustee | 0.5 | $0 |
Michelle Courseault Board Member | Trustee | 0.5 | $0 |
Margaret Saik Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $35,615 |
| All other contributions, gifts, grants, and similar amounts not included above | $143,996 |
| Noncash contributions included in lines 1a–1f | $31,001 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $179,611 |
| Total Program Service Revenue | $68,940 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,170 |
| Net Income from Fundraising Events | $6,742 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $256,775 |
| 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. | $73,600 |
| Compensation of current officers, directors, key employees. | $14,720 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $73,716 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,276 |
| Payroll taxes | $11,226 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $480 |
| Fees for services: Accounting | $17,659 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,986 |
| Office expenses | $428 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,000 |
| Travel | $3,548 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $743 |
| Interest | $56 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,055 |
| Insurance | $12,306 |
| All other expenses | $0 |
| Total functional expenses | $247,019 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $96,415 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,050 |
| 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 | $11,919 |
| Net Land, buildings, and equipment | $1,370 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $111,754 |
| Accounts payable and accrued expenses | $665 |
| 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 | $31,968 |
| Total liabilities | $32,633 |
| Net assets without donor restrictions | $46,514 |
| Net assets with donor restrictions | $32,607 |
| 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 | $111,754 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Loop Nola has recieved totaling $62,988.
| Awarding Organization | Amount |
|---|---|
Laureus Sport For Good Foundation Of America New York, NY PURPOSE: GENERAL SUPPORT | $30,000 |
The Greater New Orleans Foundation New Orleans, LA PURPOSE: YOUTH DEVELOPMENT | $17,988 |
United Way Of Southeast Louisiana New Orleans, LA PURPOSE: GRANT FUNDING | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Firstline Schools Inc New Orleans, LA | $25,158,781 | $60,437,770 |
Education Service Center Region Xii Of Texas Waco, TX | $21,686,581 | $37,093,935 |
New Meridian Corporation Austin, TX | $22,335,966 | $20,374,244 |
Belle Chasse Academy Inc Belle Chasse, LA | $29,416,847 | $17,545,847 |
Village Tech Schools Duncanville, TX | $32,290,922 | $14,785,373 |
Bexar County Performing Arts Center Foundation San Antonio, TX | $183,646,136 | $8,087,390 |
Leading Educators Inc New Orleans, LA | $10,160,201 | $9,461,961 |
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 |