Civic Intelligence

Akili Academy of New Orleans

EIN 26-0724625 • 501(c)3

1700 Pratt Drive70122
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

69th percentile

0.23x

Higher debt load relative to assets than 69% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

91st percentile

54%

Faster asset growth than 91% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2010 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Up

$791,307

Up $455,874 (+136%) from 2010

Liabilities

Down

$184,263

Down $97,786 (-35%) from 2010

Net Assets

Up

$607,044

Up $553,660 (+1037%) from 2010

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$3,020,363

Up $1,291,748 (+75%) from 2010

Net Income

-

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2010: $335,433Liabilities 2010: $282,049Net Assets 2010: $53,3842010Assets 2012: $791,307Liabilities 2012: $184,263Net Assets 2012: $607,0442012

Highlighted filing

2012

Assets$791,307
Liabilities$184,263
Net Assets$607,044

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0Expenses 2010: $1,728,6152010Expenses 2012: $3,020,3632012

Highlighted filing

2012

Revenue-
Expenses$3,020,363
Net Income-

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2011 to Jun 30, 2012
Signed
Mar 21, 2013
Return Version
2011v1.5
Gross Receipts
$3,186,025
Filing and Contact Details

Filer

EIN
26-0724625
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IRS990ScheduleE/Form990ScheduleEPartII/Explanation0AKILI ACADEMY CHARTER SCHOOL IS A PUBLIC CHARTER SCHOOL AND AS SUCH, REGISTRATION IS OPEN TO ALL. WRITTEN MEDIA WOULD RECEIVE A DISCLAIMER STATING THE POLICY.
IRS990ScheduleE/Form990ScheduleEPartII/Explanation14B IS NOT APPLICABLE BECAUSE NO FINANCIAL ASSISTANCE OR SCHOLARSHIPS ARE AWARDED.
IRS990ScheduleE/Form990ScheduleEPartII/Explanation2THE MAJORITY OF FUNDING FOR AKILI ACADEMY OF NEW ORLEANS IS RECEIVED FROM FEDERAL AND STATE EDUCATIONAL PROGRAMS.
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IRS990ScheduleO/GeneralExplanation/Explanation0EFFECTIVE JULY 1,2012, AKILI ACADEMY OF NEW ORLEANS ASSIGNED ALL OF ITS RIGHTS AND OBLIGATIONS UNDER ITS CHARTER CONTRACT TO CRESCENT CITY SCHOOLS(CCS). THIS ASSIGNMENT WAS APPROVED BY BESE ON MARCH 9, 2012. BY VIRTUE OF THE ASSIGNMENT OF THE CHARTER CONTRACT TO CCS, AKILI ACADEMY OF NEW ORLEANS NO LONGER OPERATES THE SCHOOL. AT A MEETING ON SEPTEMBER 4, 2012, THE BOARD OF DIRECTORS DEEMED IT TO BE IN THE BEST INTEREST OF AKILI ACADEMY OF NEW ORLEANS TO AMEND AND RESTATE THE BYLAWS, AND FURTHER TO DONATE ALL FUNDS HELD BY THE AKILI ACADEMY OF NEW ORLEANS TO CCS TO BE USED BY CCS FOR THE SOLE PURPOSE OF OPERATING THE SCHOOL.
IRS990ScheduleO/GeneralExplanation/Explanation1AN INDEPENDENT CPA PREPARES FORM 990 AND REVIEWS IT WITH THE CEO. THE CEO REVIEWS FORM 990 WITH THE BOARD.
IRS990ScheduleO/GeneralExplanation/Explanation2A REVIEW OF THE ETHICS POLICY IS DONE ANNUALLY, AND EACH BOARD MEMBER IS EXPECTED TO COMMUNICATE POTENTIAL CONFLICTS DURING DISCUSSIONS ON SPECIFIC ISSUES.
IRS990ScheduleO/GeneralExplanation/Explanation3THE PROPOSAL FOR SPENDING ON SALARIES IS MADE DURING THE BUDGET PROCESS AND AGREED TO BY THE ENTIRE BOARD.
IRS990ScheduleO/GeneralExplanation/Explanation4THE ORGANIZATION RETAINS ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ON FILE AT ITS EXECUTIVE OFFICE. THESE DOCUMENTS ARE AVAILABLE TO THE PUBLIC AT THIS LOCATION.
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION A, LINE 4
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION B, LINE 11
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