Legacy Of Excellence Inc
- Assets
- $3.5m
- Revenue
- $10.5m
- Investments
- $0.0
- Employees
- 121
- Location
- New Orleans, LA
- Founding
- 02/2019
- Data as of
- 06/2021
- EIN
- 82-2387012
Organization Overview
Legacy Of Excellence Inc, operating under the name Ben Franklin Elementary, is located in New Orleans, LA. The organization was established in 2019. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Ben Franklin Elementary employed 121 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ben Franklin Elementary 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, Ben Franklin Elementary generated $10.5m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 73.8% each year .
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE CHILDREN TO EXCEL ACADEMICALLY AND INDIVIDUALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO EDUCATE CHILDREN TO EXCEL ACADEMICALLY AND INDIVIDUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charlotte Mathew Ceo/princiap | Officer | 40 | $141,515 |
Ernest Harrison Director | Trustee | 2 | $0 |
Nia Haydel Director | Trustee | 2 | $0 |
Bobbie Stevenson Director | Trustee | 2 | $0 |
Cynthia Steward Vice Preside | OfficerTrustee | 2 | $0 |
Alicia Thomas Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Humana Health Insuranc | 6/29/21 | $568,238 |
Bch Services Group Transportation | 6/29/21 | $815,000 |
Mesalain Group Custodial Servi | 6/29/21 | $152,241 |
4th Sector Solutions Inc Financial Manag | 6/29/21 | $128,846 |
Orleans Parish School Board Authorizer Fees | 6/29/21 | $106,547 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,017,175 |
| 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 | $10,532,215 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,067,814 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,738,995 |
| Payroll taxes | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,756 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $150,662 |
| 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 | $156,364 |
| Insurance | $172,926 |
| All other expenses | $0 |
| Total functional expenses | $10,214,463 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,245,098 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $629,250 |
| 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 | $132,482 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $146,184 |
| Total assets | $3,463,640 |
| Accounts payable and accrued expenses | $1,414,957 |
| 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 | $1,414,957 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $2,048,683 |