Loop Nola
- Assets
- $124.8k
- Revenue
- $303.6k
- Investments
- $0.0
- Employees
- 13
- Location
- New Orleans, LA
- Founding
- 11/2015
- Data as of
- 06/2022
- 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 06/2022, Loop Nola employed 13 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 06/2022, Loop Nola generated $303.6k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 22.0% each year . All expenses for the organization totaled $261.5k during the year ending 06/2022. While expenses have increased by 20.6% 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
2022
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 Lovett Board Chair | OfficerTrustee | 0.5 | $0 |
Jessica Irving-Marin Lmsw Secretary | OfficerTrustee | 0.5 | $0 |
Claudia Barker Board Member | Trustee | 0.5 | $0 |
Clay Beery Board Member | Trustee | 0.5 | $0 |
Leslie Ehret Board Member | Trustee | 0.5 | $0 |
Natrang Brooks Stanley 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 | $32,170 |
| All other contributions, gifts, grants, and similar amounts not included above | $163,610 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $195,780 |
| Total Program Service Revenue | $106,403 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,366 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $303,590 |
| 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. | $114,839 |
| Compensation of current officers, directors, key employees. | $22,968 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $58,389 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,220 |
| Payroll taxes | $11,910 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $270 |
| Fees for services: Accounting | $10,061 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,904 |
| Office expenses | $1,418 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $13,871 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $790 |
| Interest | $88 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $966 |
| Insurance | $16,017 |
| All other expenses | $168 |
| Total functional expenses | $261,490 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,499 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,731 |
| 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 | $15,209 |
| Net Land, buildings, and equipment | $404 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $124,843 |
| Accounts payable and accrued expenses | $3,622 |
| 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 | $3,622 |
| Net assets without donor restrictions | $36,972 |
| Net assets with donor restrictions | $84,249 |
| 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 | $124,843 |