Living School Inc
- Assets
- $875.6k
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 26
- Location
- New Orleans, LA
- Founding
- 03/2018
- Data as of
- 06/2022
- EIN
- 82-1949714
Organization Overview
Living School Inc is located in New Orleans, LA. The organization was established in 2018. 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, Living School Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Living School 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, Living School Inc generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 74.9% each year . All expenses for the organization totaled $3.1m during the year ending 06/2022. While expenses have increased by 64.3% per year over the past 4 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
LIVING SCHOOL INC OPERATES A HIGH SCHOOL IN NEW ORLEANS, LOUISIANA THAT CULTIVATES EQUITY BY NURTURING STUDENTS TO DO WORK THAT IMPROVES THEIR LIVES, COMMUNITIES, AND ENVIRONMENT THROUGH HOLISTIC HEALTH, CITIZENSHIP, & ENTREPRENEURSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIOR TO THE OPENING OF THE LIVING SCHOOL IN FALL 2019, THE SCHOOL HELD A SERIES OF PILOT PROJECTS DESIGNED TO EXPOSE STUDENTS TO PROJECT-BASED LEARNING ENVIRONMENTS AND TO ENGAGE STUDENTS IN REAL-WORLD WORK. WHEN THE LIVING SCHOOL OFFICIALLY OPENED, THESE PILOT PROJECTS CEASED. LIVING SCHOOL OPENED AS A PUBLIC CHARTER HIGH SCHOOL IN FALL 2019 WITH 52 NINTH GRADERS. PROGRAMMING INCLUDES INTERDISCIPLINARY COURSEWORK IN A PROJECT-BASED LEARNING ENVIRONMENT, STUDENTS WORK TO EARN A HIGH SCHOOL DIPLOMA, INDUSTRY-BASED CERTIFICATES AND THE HABITS OF A HEALTHY LIFE. EACH YEAR, A NEW CLASS OF NINTH GRADERS WILL ENTER, WITH FULL ENROLLMENT PROJECTED TO BE 320 STUDENTS, OR 80 STUDENTS PER GRADE LEVEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stefin Pasternak Chief Executive Officer | Officer | 40 | $73,238 |
Alexina Medley Board Member | Trustee | 2 | $0 |
Ayodele Odiduro Board Member | Trustee | 2 | $0 |
Bethel Cager Board Member | Trustee | 2 | $0 |
Britany Holmes - Nick Board Member | Trustee | 2 | $0 |
Mandi Lehnherr Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bullard Center Investments Llc Facility Rental | 6/29/22 | $132,182 |
Jj Julien Transportation I Transportation - Regular Ed | 6/29/22 | $269,220 |
Colmex Construction Llc Building Improvements | 6/29/22 | $244,657 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $630,356 |
| All other contributions, gifts, grants, and similar amounts not included above | $423,613 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,053,969 |
| Total Program Service Revenue | $2,154,493 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,226,260 |
| 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. | $73,238 |
| Compensation of current officers, directors, key employees. | $17,730 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,139,716 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $252,266 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $237 |
| Fees for services: Accounting | $18,645 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $744,048 |
| Advertising and promotion | $0 |
| Office expenses | $34,910 |
| Information technology | $47,326 |
| Royalties | $0 |
| Occupancy | $446,127 |
| Travel | $0 |
| 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 | $8,139 |
| Insurance | $31,593 |
| All other expenses | $128,929 |
| Total functional expenses | $3,074,159 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $121,711 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $355,251 |
| Accounts receivable, net | $348,167 |
| 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 | $3,636 |
| Net Land, buildings, and equipment | $30,630 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,247 |
| Total assets | $875,642 |
| Accounts payable and accrued expenses | $163,664 |
| 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 | $163,664 |
| Net assets without donor restrictions | $711,978 |
| 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 | $875,642 |