Collegiate Academies
- Assets
- $16.8m
- Revenue
- $53.7m
- Investments
- $0.0
- Employees
- 686
- Location
- New Orleans, LA
- Founding
- 09/2010
- Data as of
- 06/2022
- EIN
- 80-0601507
Organization Overview
Collegiate Academies is located in New Orleans, LA. The organization was established in 2010. 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, Collegiate Academies employed 686 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Collegiate Academies 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, Collegiate Academies generated $53.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $54.1m during the year ending 06/2022. While expenses have increased by 14.9% 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
COLLEGIATE ACADEMIES BUILDS WORLD-CLASS PUBLIC SCHOOLS THAT PREPARE ALL STUDENTS FOR COLLEGE SUCCESS AND LIVES OF UNLIMITED OPPORTUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGIATE ACADEMIES OPERATED SIX SCHOOLS THIS YEAR, SERVING NEARLY 3,000 PUBLIC SCHOOL STUDENTS IN NEW ORLEANS AND BATON ROUGE. OVER 98% OF GRADUATING SENIORS WERE ACCEPTED INTO A 2 OR 4 YEAR COLLEGE OR UNIVERSITY. ALL COLLEGIATE ACADEMY SCHOOLS RECEIVED A "B OR BETTER LETTER GRADE FROM THE STATE OF LOUISIANA FOR ACADEMIC PROGRESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Hawf Board Member | Trustee | 1 | $0 |
Ann Duplessis Board Member | Trustee | 1 | $0 |
Douglas Finegan Treasurer | OfficerTrustee | 2 | $0 |
Gregory M St Etienne Secretary | OfficerTrustee | 2 | $0 |
Jonathan Wilson Vice Chair | OfficerTrustee | 2 | $0 |
Kevin Wilkins Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Apple Bus Company Student Transportation | 6/29/22 | $2,783,364 |
Chartwells Dining Services Food Service | 6/29/22 | $1,059,973 |
Empire Janitorial Sales & Services Llc Custodial Services | 6/29/22 | $585,933 |
First Student Inc Student Transportation | 6/29/22 | $482,255 |
Rp Landscaping Llc Landscapping Upkeep Services | 6/29/22 | $258,592 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $50,850,692 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,762,707 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $53,613,399 |
| Total Program Service Revenue | $0 |
| Investment income | $38,170 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $390 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $53,651,959 |
| 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. | $2,593,178 |
| Compensation of current officers, directors, key employees. | $1,135,642 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,740,612 |
| Pension plan accruals and contributions | $724,078 |
| Other employee benefits | $2,710,395 |
| Payroll taxes | $2,164,069 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,617 |
| Fees for services: Accounting | $235,806 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,520,536 |
| Advertising and promotion | $90,234 |
| Office expenses | $5,009,766 |
| Information technology | $513,061 |
| Royalties | $0 |
| Occupancy | $2,685,736 |
| Travel | $416,946 |
| 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 | $28,180 |
| Insurance | $656,155 |
| All other expenses | $0 |
| Total functional expenses | $54,111,369 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,750,738 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $7,570,848 |
| 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 | $196,975 |
| Net Land, buildings, and equipment | $188,833 |
| Investments—publicly traded securities | $140,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,847,394 |
| Accounts payable and accrued expenses | $3,163,542 |
| Grants payable | $0 |
| Deferred revenue | $410,800 |
| 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 | $3,574,342 |
| Net assets without donor restrictions | $12,926,552 |
| Net assets with donor restrictions | $346,500 |
| 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 | $16,847,394 |