Isidore Newman School
- Assets
- $85.8m
- Revenue
- $38.5m
- Investments
- $0.0
- Employees
- 486
- Location
- New Orleans, LA
- Founding
- 10/1947
- Data as of
- 06/2022
- 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 06/2022, Isidore Newman School employed 486 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 06/2022, Isidore Newman School generated $38.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $34.1m during the year ending 06/2022. While expenses have increased by 4.0% per year over the past 7 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
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 1,085 ENROLLED STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Valerie Besthoff Trustee | Trustee | 1 | $0 |
Ashley Francis Governor | Trustee | 1 | $0 |
Helen Nalty Butcher Governor | Trustee | 1 | $0 |
Cherrie Barthelemy Governor | Trustee | 1 | $0 |
Jeffrey B Goldring Governor | Trustee | 1 | $0 |
Benjamin B Tiller Governor | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Woodward Design Group Construction | 6/29/22 | $2,077,771 |
Associated Building Services Llc Housekeeping | 6/29/22 | $330,477 |
Fieldturf Inc Construction | 6/29/22 | $313,702 |
Walsworth Publishing Company Publishing | 6/29/22 | $170,564 |
Jw Drennan Construction | 6/29/22 | $124,953 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $16,990 |
| Related organizations | $1,747,231 |
| Government grants | $106,194 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,539,476 |
| Noncash contributions included in lines 1a–1f | $47,275 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,409,891 |
| Total Program Service Revenue | $31,868,897 |
| Investment income | $23,305 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $124,621 |
| Net Gain/Loss on Asset Sales | -$505 |
| Net Income from Fundraising Events | $41,556 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $38,467,765 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,988,743 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $934,897 |
| Compensation of current officers, directors, key employees. | $934,897 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,127,845 |
| Pension plan accruals and contributions | $697,058 |
| Other employee benefits | $1,248,276 |
| Payroll taxes | $1,145,452 |
| 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 | $193,993 |
| Advertising and promotion | $0 |
| Office expenses | $57,559 |
| Information technology | $829,816 |
| Royalties | $0 |
| Occupancy | $1,891,246 |
| Travel | $24,930 |
| 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 | $2,361,875 |
| Insurance | $1,110,516 |
| All other expenses | $333,316 |
| Total functional expenses | $34,147,154 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $15,160,789 |
| Pledges and grants receivable | $2,723,833 |
| Accounts receivable, net | $14,752,556 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $76,831 |
| Prepaid expenses and deferred charges | $1,652,932 |
| Net Land, buildings, and equipment | $43,539,618 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,930,065 |
| Total assets | $85,836,624 |
| Accounts payable and accrued expenses | $2,550,716 |
| Grants payable | $0 |
| Deferred revenue | $27,706,652 |
| Tax-exempt bond liabilities | $11,962,799 |
| 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 | $1,721,836 |
| Total liabilities | $43,942,003 |
| Net assets without donor restrictions | $13,877,475 |
| Net assets with donor restrictions | $28,017,146 |
| 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 | $85,836,624 |