Elan Academy Inc
- Assets
- $2.8m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 49
- Location
- New Orleans, LA
- Founding
- 07/2016
- Data as of
- 06/2022
- EIN
- 47-5651585
Organization Overview
Elan Academy Inc is located in New Orleans, LA. The organization was established in 2016. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Elan Academy Inc employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elan 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 06/2022, Elan Academy Inc generated $4.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 50.2% each year . All expenses for the organization totaled $3.8m during the year ending 06/2022. 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
TO PROVIDE A CLASSICAL CURRICULUM, HIGH QUALITY INSTRUCTION, AND LEADERSHIP DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A CHARTER SCHOOL WHICH EMPHASIZES A CLASSICAL CURRICULUM, HIGH QUALITY INSTRUCTION, AND LEADERSHIP DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darren Patin Board Chair | OfficerTrustee | 5 | $0 |
Roger Watkins Vice-Chair | OfficerTrustee | 5 | $0 |
Daphine Barnes Secretary | OfficerTrustee | 5 | $0 |
Jonathan Stewart Director | Trustee | 5 | $0 |
David Hoover Director | Trustee | 5 | $0 |
Steven Brown Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
First Group Transportation Services | 6/29/22 | $215,816 |
Central Services Custodial Services | 6/29/22 | $120,302 |
Revolution Foods Inc Food Services | 6/29/22 | $163,303 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,739,048 |
| All other contributions, gifts, grants, and similar amounts not included above | $158,053 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,897,101 |
| Total Program Service Revenue | $22,189 |
| Investment income | $4,875 |
| 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 | $4,942,029 |
| 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. | $149,450 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,535,225 |
| Pension plan accruals and contributions | $12,894 |
| Other employee benefits | $186,770 |
| Payroll taxes | $128,139 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $442 |
| Fees for services: Accounting | $17,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,156,553 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $291,184 |
| Travel | $5,304 |
| 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 | $11,102 |
| Insurance | $30,079 |
| All other expenses | $0 |
| Total functional expenses | $3,818,685 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,161,772 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,478,405 |
| Accounts receivable, net | $0 |
| 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 | $32,905 |
| Net Land, buildings, and equipment | $115,923 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,789,005 |
| Accounts payable and accrued expenses | $208,945 |
| Grants payable | $0 |
| Deferred revenue | $47,876 |
| 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 | $256,821 |
| Net assets without donor restrictions | $2,532,184 |
| 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 | $2,789,005 |