Civic Intelligence

Success Preparatory Academy at Wicker

990 • Fiscal year 2016 • EIN 26-3202807

Jul 01, 2015 to Jun 30, 2016 • Filed on Apr 06, 2017

2011 Bienville StreetNew Orleans, LA 70112

(504) 373-6200

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

33rd percentile

0.06x

Higher debt load relative to assets than 33% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

13th percentile

0.02x

Higher debt load relative to revenue than 13% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

36th percentile

-0.9%

Higher net margin than 36% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

53rd percentile

$126,132

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

8th percentile

-12%

Faster asset growth than 8% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

38th percentile

-1.0%

Faster revenue growth than 38% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Down

$2,085,985

Down $313,485 (-13%) from 2014

Net Assets

Up

$1,958,376

Up $72,257 (+3.8%) from 2014

Liabilities

Down

$127,609

Down $385,742 (-75%) from 2014

Revenue

Up

$6,525,919

Up $673,357 (+12%) from 2014

Expenses

Up

$6,585,073

Up $1,067,194 (+19%) from 2014

Net Income

Down

-$59,154

Down $393,837 (-118%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $994,897Liabilities 2010: $304,294Net Assets 2010: $690,6032010Assets 2012: $1,701,969Liabilities 2012: $251,471Net Assets 2012: $1,450,4982012Assets 2013: $1,938,126Liabilities 2013: $386,690Net Assets 2013: $1,551,4362013Assets 2014: $2,399,470Liabilities 2014: $513,351Net Assets 2014: $1,886,1192014Assets 2016: $2,085,985Liabilities 2016: $127,609Net Assets 2016: $1,958,3762016Assets 2017: $2,009,306Liabilities 2017: $252,530Net Assets 2017: $1,756,7762017Assets 2019: $1,408,682Liabilities 2019: $133,818Net Assets 2019: $1,274,8642019Assets 2020: $1,725,521Liabilities 2020: $100,075Net Assets 2020: $1,625,4462020Assets 2021: $2,384,649Liabilities 2021: $129,736Net Assets 2021: $2,254,9132021Assets 2022: $2,439,777Liabilities 2022: $251,492Net Assets 2022: $2,188,2852022Assets 2024: $3,277,396Liabilities 2024: $192,823Net Assets 2024: $3,084,5732024

Highlighted filing

2016

Assets$2,085,985
Liabilities$127,609
Net Assets$1,958,376

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2010: $2,302,9962010Expenses 2012: $3,861,1252012Expenses 2013: $4,643,5602013Revenue 2014: $5,852,562Expenses 2014: $5,517,879Net Income 2014: $334,6832014Revenue 2016: $6,525,919Expenses 2016: $6,585,073Net Income 2016: -$59,1542016Revenue 2017: $6,320,006Expenses 2017: $6,616,506Net Income 2017: -$296,5002017Revenue 2019: $6,120,770Expenses 2019: $5,926,671Net Income 2019: $194,0992019Revenue 2020: $6,312,394Expenses 2020: $5,961,812Net Income 2020: $350,5822020Revenue 2021: $6,878,904Expenses 2021: $6,249,437Net Income 2021: $629,4672021Revenue 2022: $7,661,479Expenses 2022: $7,728,107Net Income 2022: -$66,6282022Revenue 2024: $9,162,057Expenses 2024: $8,822,844Net Income 2024: $339,2132024

Highlighted filing

2016

Revenue$6,525,919
Expenses$6,585,073
Net Income-$59,154
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Apr 6, 2017
Return Version
2015v3.0
Gross Receipts
$6,525,919
Mission and Program Overview

Mission

At success at thurgood marshall, we empower all students with the academic skills, character traits, and self-confidence to live happy, healthy lives of unlimited possibility.

To develop college bound students for leadership and lifelong learning.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,552,156$1,306,696▼ $245,460
Savings and Temporary Cash Investments$364,592$346,454▼ $18,138
Pledges and Grants Receivable$357,156$301,587▼ $55,569
Prepaid Expenses and Deferred Charges$103,023$104,465▲ $1,442
Total Assets$2,377,662$2,085,985▼ $291,677
Other Assets Total$735$26,783▲ $26,048
Liabilities
Accounts Payable and Accrued Expenses$455,032$127,609▼ $327,423
Total Liabilities$455,032$127,609▼ $327,423
Net Assets / Fund Balance
Unrestricted Net Assets$1,897,630$1,921,203▲ $23,573
Temporarily Rstr Net Assets$25,000$37,173▲ $12,173
Total Net Assets Fund Balance$1,922,630$1,958,376▲ $35,746
Total Liabilities and Net Assets / Fund Balance$2,377,662$2,085,985▼ $291,677
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Niloy GangopadhyayCo Founder/school DirectorFT$118,029$8,103$126,132
Kathryn ConeybearDirector of FinanceFT$68,399$5,956$74,355

Board Members and Trustees

NameTitle
Lee AdlerBoard Chair
Robert EdgecombeVice-chair
Angela KeyesMember-at-large
Benjamin BlanchardMember-at-large
Blanche Dee MccloskeyMember-at-large
Darin Lim YankowitzMember-at-large
Gary CarterMember-at-large
Jabreel WalkerMember-at-large
King LoganMember-at-large
Nathan BarrettMember-at-large
Shawn PreauMember-at-large
Tanya RobinsonSecretary
Elizabeth McalearTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Revolution FoodsFood Services2438 AUGUSTA ST, Kenner, LA 70062$573,885
First Line SchoolsBus Transportation330 N BROAD ST STE 207, New Orleans, LA 70119$537,955
Maintech Building SolutionsCustodial Maint Service4000 BIENVILLE ST, New Orleans, LA 70119$181,983
Revenue and Support

Revenue Composition

Contributions and Grants
$6,525,919
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$43,456
Change in Net Assets
$-59,154

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,525,919
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$94,900
Total Revenue per Audited Statements
$6,620,819
Total Revenue per Form 990
$6,525,919
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,086,190
Other Expenses$2,498,883
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,136,917$199,079-$3,335,996
Fees for Services Other$391,423$85,349-$476,772
All Other Expenses$28,589$254,990-$283,579
Payroll Taxes$249,407$15,828-$265,235
Current Officers, Directors, Trustees, and Key Employees$207,685$13,180-$220,865
Other Employee Benefits$191,495$12,153-$203,648
Other Expenses$124,762$40,301-$165,063
Occupancy$94,900$60,713-$155,613
Pension Plan Contributions$56,839$3,607-$60,446
Insurance-$35,010-$35,010
Fees for Services Accounting-$27,174-$27,174
Advertising-$5,250-$5,250
Travel$848$1,725-$2,573
Total Functional Expenses$4,482,865$2,102,208$0$6,585,073

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,585,073
Total Expenses per Audited Statements$6,585,073
Total Expenses per Form 990$6,585,073
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

Existing members of the board of directors must nominate new members. New members are then approved by the vote of the board of directors.

Form 990, Part VI, Section A, Line 7B

The louisiana department of education and state board of elementary and secondary education has selective oversight over board decisions. Any board decisions may be subject to approval and compliance with department policies and directives.

Form 990, Part VI, Section B, Line 11

Line 11a explanation - each board member receives a draft copy of the 990 and examines for items that may bring up discussion with other members and/or tax preparer.

Form 990, Part VI, Section B, Line 12C

Conflict of interest policy is updated as conflicts arise following initial clearance for board of director elections.

Form 990, Part VI, Section B, Line 15A

Officer salary originally was determined by the non-profit entity's third party leadership program, new schools for new orleans. Officers participated in the program during the 2008-09 school year. The original salary was based on the average salaries by position at that time. Thereafter, the board has raised the officers salaries 2-4% annually based on individual officer performance evaluations or cost of living. Other staff salaries were originally based on the 2008-09 recovery school district salary scale plus 10% to account for an extended school year. Staff salaries increase each year based on either a 2-3% cost of living adjustment or individual performance.

Form 990, Part VI, Section C, Line 19

Success preparatory academy makes all board meeting agendas and minutes public by posting on their website, www.successpreparatory.org.

Filing and Contact Details

Filer

Filer Name
Success Preparatory Academy
EIN
26-3202807
Phone
5043736200
Address
2011 BIENVILLE STREET, NEW ORLEANS, LA 70112

Signing Officer

Name
Niloy Gangopadhyay
Title
Executive Director
Phone
5043736200
Signed
2017-04-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Niloy Gangopadhyay
Formed
2008
Legal Domicile
La
Voting Board Members
13
Independent Board Members
13
Employees
108
Volunteers
72

Preparer

Firm
Carr Riggs & Ingram LLC
Address
200-B GREENLEAVES BLVD, MANDEVILLE, LA 70448
Preparer
Colleen R Angerdina CPA
Phone
9856268299
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

On january 1, 2009, success prep adopted a standard relating to the accounting for uncertainty in income taxes. The tax effect from an uncertain tax position can be recognized in the financial statements, only if the position is more likely than not to be sustained on audit, based on the technical merits of the position. Success prep recognizes the financial statement benefits of a tax position only after determining that the relevant tax authority would be more likely than not sustain the position following an audit. For tax positions meeting the more likely than not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized, upon ultimate settlement with the relevant tax authority. At the adoption date, success prep applied the new accounting standard to all tax positions for which the statute of limitations remained open. Success prep did not make any adjustment to beginning net assets as a result of the implementation of the accounting standard. Based on its evaluation, success prep has concluded that there are no significant uncertain tax positions requiring recognition in its financial statements.

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IRS990/Form990PartVIISectionAGrp/TitleTxt10MEMBER-AT-LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt11MEMBER-AT-LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt12MEMBER-AT-LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt13CO FOUNDER/SCHOOL DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR OF FINANCE
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02008
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GovernmentGrantsAmt06482463
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt06525919
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt035010
IRS990/InsuranceGrp/TotalAmt035010
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt011
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0LA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO DEVELOP COLLEGE BOUND STUDENTS FOR LEADERSHIP AND LIFELONG LEARNING.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01922630
IRS990/NetAssetsOrFundBalancesEOYAmt01958376
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt060713
IRS990/OccupancyGrp/ProgramServicesAmt094900
IRS990/OccupancyGrp/TotalAmt0155613
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0735
IRS990/OtherAssetsTotalGrp/EOYAmt026783
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt012153
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0191495
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0203648
IRS990/OtherExpensesGrp/Desc0FOOD SERVICE
IRS990/OtherExpensesGrp/Desc1BUS SERVICE
IRS990/OtherExpensesGrp/Desc2PURCHASED PROP SERVICES
IRS990/OtherExpensesGrp/Desc3SUPPLIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0539762
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1538170
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2269917
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt340301
IRS990/OtherExpensesGrp/ProgramServicesAmt0124762
IRS990/OtherExpensesGrp/TotalAmt0539762
IRS990/OtherExpensesGrp/TotalAmt1538170
IRS990/OtherExpensesGrp/TotalAmt2269917
IRS990/OtherExpensesGrp/TotalAmt3165063
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0199079
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03136917
IRS990/OtherSalariesAndWagesGrp/TotalAmt03335996
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt015828
IRS990/PayrollTaxesGrp/ProgramServicesAmt0249407
IRS990/PayrollTaxesGrp/TotalAmt0265235
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt03607
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt056839
IRS990/PensionPlanContributionsGrp/TotalAmt060446
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0357156
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0301587
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0103023
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0104465
IRS990/PrincipalOfficerNm0NILOY GANGOPADHYAY
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt06589002
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt02570257
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt036511
IRS990/PYSalariesCompEmpBnftPaidAmt03982234
IRS990/PYTotalExpensesAmt06552491
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06589002
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-59154
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0364592
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0346454
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt094900
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt06585073
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt094900
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt06525919
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ON JANUARY 1, 2009, SUCCESS PREP ADOPTED A STANDARD RELATING TO THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE TAX EFFECT FROM AN UNCERTAIN TAX POSITION CAN BE RECOGNIZED IN THE FINANCIAL STATEMENTS, ONLY IF THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. SUCCESS PREP RECOGNIZES THE FINANCIAL STATEMENT BENEFITS OF A TAX POSITION ONLY AFTER DETERMINING THAT THE RELEVANT TAX AUTHORITY WOULD BE MORE LIKELY THAN NOT SUSTAIN THE POSITION FOLLOWING AN AUDIT. FOR TAX POSITIONS MEETING THE MORE LIKELY THAN NOT THRESHOLD, THE AMOUNT RECOGNIZED IN THE FINANCIAL STATEMENTS IS THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED, UPON ULTIMATE SETTLEMENT WITH THE RELEVANT TAX AUTHORITY. AT THE ADOPTION DATE, SUCCESS PREP APPLIED THE NEW ACCOUNTING STANDARD TO ALL TAX POSITIONS FOR WHICH THE STATUTE OF LIMITATIONS REMAINED OPEN. SUCCESS PREP DID NOT MAKE ANY ADJUSTMENT TO BEGINNING NET ASSETS AS A RESULT OF THE IMPLEMENTATION OF THE ACCOUNTING STANDARD. BASED ON ITS EVALUATION, SUCCESS PREP HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN ITS FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt06585073
IRS990ScheduleD/TotalRevenuePerForm990Amt06525919
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06620819
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06585073
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0STUDENT REGISTRATION AND ENROLLMENT OCCURS THROUGH A CENTRALIZED PROCESS THAT IS MANAGED BY THE RECOVERY SCHOOL DISTRICT. SUCCESS PREPARATORY ACADEMY PUBLICIZES ITS NONDISCRIMINATORY POLICY AS IT RELATES TO STUDENT ENROLLMENT ON THE SCHOOL WEBSITE (SUCCESSPREPARATORY.ORG).
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1SUCCESS PREPARATORY ACADEMY IS A CHARTER SCHOOL IN NEW ORLEANS. IT RECEIVES ASSISTANCE PRIMARILY FROM THE UNITED STATES DEPARTMENT OF EDUCATION AND THE LOUISIANA STATE DEPARTMENT OF EDUCATION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXISTING MEMBERS OF THE BOARD OF DIRECTORS MUST NOMINATE NEW MEMBERS. NEW MEMBERS ARE THEN APPROVED BY THE VOTE OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE LOUISIANA DEPARTMENT OF EDUCATION AND STATE BOARD OF ELEMENTARY AND SECONDARY EDUCATION HAS SELECTIVE OVERSIGHT OVER BOARD DECISIONS. ANY BOARD DECISIONS MAY BE SUBJECT TO APPROVAL AND COMPLIANCE WITH DEPARTMENT POLICIES AND DIRECTIVES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2LINE 11A EXPLANATION - EACH BOARD MEMBER RECEIVES A DRAFT COPY OF THE 990 AND EXAMINES FOR ITEMS THAT MAY BRING UP DISCUSSION WITH OTHER MEMBERS AND/OR TAX PREPARER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONFLICT OF INTEREST POLICY IS UPDATED AS CONFLICTS ARISE FOLLOWING INITIAL CLEARANCE FOR BOARD OF DIRECTOR ELECTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OFFICER SALARY ORIGINALLY WAS DETERMINED BY THE NON-PROFIT ENTITY'S THIRD PARTY LEADERSHIP PROGRAM, NEW SCHOOLS FOR NEW ORLEANS. OFFICERS PARTICIPATED IN THE PROGRAM DURING THE 2008-09 SCHOOL YEAR. THE ORIGINAL SALARY WAS BASED ON THE AVERAGE SALARIES BY POSITION AT THAT TIME. THEREAFTER, THE BOARD HAS RAISED THE OFFICERS SALARIES 2-4% ANNUALLY BASED ON INDIVIDUAL OFFICER PERFORMANCE EVALUATIONS OR COST OF LIVING. OTHER STAFF SALARIES WERE ORIGINALLY BASED ON THE 2008-09 RECOVERY SCHOOL DISTRICT SALARY SCALE PLUS 10% TO ACCOUNT FOR AN EXTENDED SCHOOL YEAR. STAFF SALARIES INCREASE EACH YEAR BASED ON EITHER A 2-3% COST OF LIVING ADJUSTMENT OR INDIVIDUAL PERFORMANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SUCCESS PREPARATORY ACADEMY MAKES ALL BOARD MEETING AGENDAS AND MINUTES PUBLIC BY POSTING ON THEIR WEBSITE, WWW.SUCCESSPREPARATORY.ORG.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt025000
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt037173
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02377662
IRS990/TotalAssetsEOYAmt02085985
IRS990/TotalAssetsGrp/BOYAmt02377662
IRS990/TotalAssetsGrp/EOYAmt02085985
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt06525919
IRS990/TotalEmployeeCnt0108
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02102208
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04482865
IRS990/TotalFunctionalExpensesGrp/TotalAmt06585073
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0455032
IRS990/TotalLiabilitiesEOYAmt0127609
IRS990/TotalLiabilitiesGrp/BOYAmt0455032
IRS990/TotalLiabilitiesGrp/EOYAmt0127609
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01922630
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01958376
IRS990/TotalOtherCompensationAmt014059

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