Isidore Newman School
- Assets
- $70.4m
- Revenue
- $38.2m
- Investments
- $0.0
- Employees
- 455
- Location
- New Orleans, LA
- Founding
- 10/1947
- Data as of
- 06/2021
- EIN
- 72-0408935
Organization Overview
Isidore Newman School is located in New Orleans, LA. The organization was established in 1947. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Isidore Newman School employed 455 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Isidore Newman School 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, Isidore Newman School generated $38.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $33.0m during the year ending 06/2021. While expenses have increased by 4.1% 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
A PRE-K THROUGH 12, INDEPENDENT, CO-EDUCATIONAL, NON-DENOMINATIONAL DAY SCHOOL IN NEW ORLEANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF AN EARLY EDUCATION, PRE-K, ELEMENTARY, JUNIOR AND HIGH SCHOOL WITH 1,096 ENROLLED STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dale M Smith Head Of School | Officer | 40 | $438,787 |
Jennifer Wollfarth Assistant Head Of School For Finance & Operations | Officer | 40 | $235,934 |
Sabrina Pilant Director Of Advancement | 40 | $148,961 | |
Jennifer Rosen Asst Head Of School For Enrollment Mgmt | 40 | $142,140 | |
Stephen Soud Director Of College Counseling | 40 | $139,563 | |
Frederick Hill Director Of Facilities | 40 | $129,209 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Electrical Sales Corporation Technology Services | 6/29/21 | $505,645 |
Associated Building Services Llc Housekeeping | 6/29/21 | $248,819 |
Woodward Design Group Construction | 6/29/21 | $484,407 |
Walsworth Publishing Company Yearbook Publishing | 6/29/21 | $107,807 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $10,900 |
| Related organizations | $1,946,276 |
| Government grants | $3,409,420 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,333,776 |
| Noncash contributions included in lines 1a–1f | $86,563 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,700,372 |
| Total Program Service Revenue | $29,376,859 |
| Investment income | $16,454 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $140,714 |
| Net Gain/Loss on Asset Sales | -$8,628 |
| Net Income from Fundraising Events | $7,617 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $38,233,388 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,789,237 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $731,254 |
| Compensation of current officers, directors, key employees. | $731,254 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,283,935 |
| Pension plan accruals and contributions | $678,287 |
| Other employee benefits | $1,256,464 |
| Payroll taxes | $1,076,738 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $284,447 |
| Advertising and promotion | $0 |
| Office expenses | $61,607 |
| Information technology | $712,947 |
| Royalties | $0 |
| Occupancy | $1,791,977 |
| Travel | $39,161 |
| 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 | $2,506,451 |
| Insurance | $920,746 |
| All other expenses | $302,797 |
| Total functional expenses | $33,004,004 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $14,444,537 |
| Pledges and grants receivable | $2,988,262 |
| Accounts receivable, net | $14,312,108 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $59,926 |
| Prepaid expenses and deferred charges | $1,134,012 |
| Net Land, buildings, and equipment | $37,411,493 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $70,350,338 |
| Accounts payable and accrued expenses | $1,233,396 |
| Grants payable | $0 |
| Deferred revenue | $26,558,950 |
| Tax-exempt bond liabilities | $11,955,599 |
| 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 | $1,267,852 |
| Total liabilities | $41,015,797 |
| Net assets without donor restrictions | $12,290,404 |
| Net assets with donor restrictions | $17,044,137 |
| 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 | $70,350,338 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Isidore Newman School has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Turningpoint Foundation Dallas, TX PURPOSE: ANNUAL FUND | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Inspirenola Charter Schools New Orleans, LA | $22,382,887 | $74,884,221 |
Kinkaid School Inc Houston, TX | $122,042,370 | $52,090,713 |
St Johns School Houston, TX | $423,318,238 | $58,605,665 |
Hockaday School Dallas, TX | $327,432,445 | $61,281,462 |
Trinity Basin Preparatory Inc Grand Prairie, TX | $147,305,445 | $57,426,553 |
Greenhill School Addison, TX | $147,490,301 | $53,613,950 |
St Marks School Of Texas Dallas, TX | $307,638,954 | $39,530,532 |
Tlc Academy San Angelo, TX | $61,295,304 | $42,259,776 |
Episcopal School Of Dallas Inc Dallas, TX | $115,874,541 | $40,283,303 |
John Cooper School The Woodlands, TX | $108,804,128 | $40,380,579 |
Fort Worth Country Day School Inc Fort Worth, TX | $119,263,068 | $39,582,011 |
Faith Family Kids Inc Desoto, TX | $30,662,985 | $39,123,210 |