Civic Intelligence

Success Preparatory Academy at Wicker

990 • Fiscal year 2017 • EIN 26-3202807

Jul 01, 2016 to Jun 30, 2017 • Filed on May 04, 2018

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

46th percentile

0.13x

Higher debt load relative to assets than 46% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

20th percentile

0.04x

Higher debt load relative to revenue than 20% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

25th percentile

-4.7%

Higher net margin than 25% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

57th percentile

$134,446

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

19th percentile

-3.7%

Faster asset growth than 19% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

27th percentile

-3.2%

Faster revenue growth than 27% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Down

$2,009,306

Down $76,679 (-3.7%) from 2016

Net Assets

Down

$1,756,776

Down $201,600 (-10%) from 2016

Liabilities

Up

$252,530

Up $124,921 (+98%) from 2016

Revenue

Down

$6,320,006

Down $205,913 (-3.2%) from 2016

Expenses

Up

$6,616,506

Up $31,433 (+0.5%) from 2016

Net Income

Down

-$296,500

Down $237,346 (-401%) from 2016

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

2017

Assets$2,009,306
Liabilities$252,530
Net Assets$1,756,776

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

2017

Revenue$6,320,006
Expenses$6,616,506
Net Income-$296,500
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 4, 2018
Return Version
2016v3.0
Gross Receipts
$6,320,006
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$1,306,696$1,047,593▼ $259,103
Pledges and Grants Receivable$301,587$468,205▲ $166,618
Savings and Temporary Cash Investments$346,454$346,799▲ $345
Prepaid Expenses and Deferred Charges$104,465$97,754▼ $6,711
Total Assets$2,085,985$2,009,306▼ $76,679
Other Assets Total$26,783$48,955▲ $22,172
Liabilities
Accounts Payable and Accrued Expenses$127,609$252,530▲ $124,921
Total Liabilities$127,609$252,530▲ $124,921
Net Assets / Fund Balance
Unrestricted Net Assets$1,921,203$1,722,019▼ $199,184
Temporarily Rstr Net Assets$37,173$34,757▼ $2,416
Total Net Assets Fund Balance$1,958,376$1,756,776▼ $201,600
Total Liabilities and Net Assets / Fund Balance$2,085,985$2,009,306▼ $76,679
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Niloy GangopadhyayCO FOUNDER/School DirectorFT$124,950$9,496$134,446
Kathryn ConeybearDirector of FinanceFT$72,500$7,398$79,898

Board Members and Trustees

NameTitle
Robert EdgecombeBoard Chair
Angela KeyesMember-at-large
Blanche Dee McCloskeyMember-at-large
Darin Lim YankowitzMember-at-large
Elizabeth McalearmeMBER-AT-LARGE
Jabreel WalkerMember-at-large
King LoganMember-at-large
Nathan BarrettMember-at-large
Shawn PreauMember-at-large

Highest Paid Contractors

ContractorServicesLocationCompensation
First Line SchoolsBus Transportation330 N Broad St Ste 207, New Orleans, LA 70119$472,591
Revolution FoodsFood Services2438 AUGUSTA ST, Kenner, LA 70062$471,874
Maintech Building SolutionsCustodial Maint Service4000 BIENVILLE ST, New Orleans, LA 70119$183,835
Revenue and Support

Revenue Composition

Contributions and Grants
$6,294,392
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$25,614
All Other Contributions
$45,384
Change in Net Assets
$-296,500

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,320,006
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$94,900
Total Revenue per Audited Statements
$6,414,906
Total Revenue per Form 990
$6,320,006
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,170,142
Other Expenses$2,446,364
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,102,109$181,528-$3,283,637
Fees for Services Other$384,800$86,201-$471,001
Occupancy$94,900$248,314-$343,214
Payroll Taxes$308,957$18,079-$327,036
Other Employee Benefits$238,165$13,937-$252,102
Current Officers, Directors, Trustees, and Key Employees$222,184$13,002-$235,186
All Other Expenses$84,184$100,418-$184,602
Other Expenses$133,730$121,315-$121,315
Pension Plan Contributions$68,191$3,990-$72,181
Office Expenses$29,938$25,916-$55,854
Insurance-$36,354-$36,354
Fees for Services Accounting-$29,714-$29,714
Fees for Services Legal-$24,994-$24,994
Advertising-$3,934-$3,934
Travel$235$2,988-$3,223
Total Functional Expenses$5,186,705$1,429,801$0$6,616,506

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,616,506
Total Expenses per Audited Statements$6,616,506
Total Expenses per Form 990$6,616,506
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 11B

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 at Wicker
EIN
26-3202807
Phone
5043736200
Address
2011 BIENVILLE STREET, NEW ORLEANS, LA 70112

Signing Officer

Name
Niloy Gangopadhyay
Title
Executive Director
Phone
5043736200
Signed
2018-05-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Niloy Gangopadhyay
Formed
2008
Legal Domicile
La
Voting Board Members
9
Independent Board Members
9
Employees
105
Volunteers
118

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:

SUCCESS PREP IS A LOUISIANA NONPROFIT ORGANIZATION UNDER SECTION 509(A)(3) OF THE INTERNAL REVENUE CODE THAT HAS BEEN GRANTED AN EXEMPTION FROM THE PAYMENT OF INCOME TAXES UNDER SECTION 501(C)(3) AND HAS BEEN DETERMINED TO BE OTHER THAN A PRIVATE FOUNDATION. SUCCESS PREP'S MANAGEMENT BELIEVES THAT SUCCESS PREP CONTINUES TO OPERATE IN A MANNER THAT PRESERVES ITS TAX EXEMPT STATUS. 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. SUCCESS PREP HAS CONCLUDED THAT AT JUNE 30, 2017, and 2016, THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN ITS FINANCIAL STATEMENTS.

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IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO DEVELOP COLLEGE BOUND STUDENTS FOR LEADERSHIP AND LIFELONG LEARNING.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01958376
IRS990/NetAssetsOrFundBalancesEOYAmt01756776
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0248314
IRS990/OccupancyGrp/ProgramServicesAmt094900
IRS990/OccupancyGrp/TotalAmt0343214
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt025916
IRS990/OfficeExpensesGrp/ProgramServicesAmt029938
IRS990/OfficeExpensesGrp/TotalAmt055854
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt026783
IRS990/OtherAssetsTotalGrp/EOYAmt048955
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt013937
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0238165
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0252102
IRS990/OtherExpensesGrp/Desc0BUS SERVICE
IRS990/OtherExpensesGrp/Desc1FOOD SERVICE
IRS990/OtherExpensesGrp/Desc2MATERIALS AND SUPPLIES
IRS990/OtherExpensesGrp/Desc3PURCHASED PROP SERVICES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0486773
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt112054
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt220290
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3121315
IRS990/OtherExpensesGrp/ProgramServicesAmt051423
IRS990/OtherExpensesGrp/ProgramServicesAmt1467889
IRS990/OtherExpensesGrp/ProgramServicesAmt2133730
IRS990/OtherExpensesGrp/TotalAmt0538196
IRS990/OtherExpensesGrp/TotalAmt1479943
IRS990/OtherExpensesGrp/TotalAmt2154020
IRS990/OtherExpensesGrp/TotalAmt3121315
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Miscellaneous
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt025614
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt025614
IRS990/OtherRevenueTotalAmt025614
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0181528
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03102109
IRS990/OtherSalariesAndWagesGrp/TotalAmt03283637
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt018079
IRS990/PayrollTaxesGrp/ProgramServicesAmt0308957
IRS990/PayrollTaxesGrp/TotalAmt0327036
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt03990
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt068191
IRS990/PensionPlanContributionsGrp/TotalAmt072181
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0301587
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0468205
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0104465
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt097754
IRS990/PrincipalOfficerNm0Niloy Gangopadhyay
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt06525919
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt02498883
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-59154
IRS990/PYSalariesCompEmpBnftPaidAmt04086190
IRS990/PYTotalExpensesAmt06585073
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06525919
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-296500
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt025614
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0346454
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0346799
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt094900
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt06616506
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt094900
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt06320006
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SUCCESS PREP IS A LOUISIANA NONPROFIT ORGANIZATION UNDER SECTION 509(A)(3) OF THE INTERNAL REVENUE CODE THAT HAS BEEN GRANTED AN EXEMPTION FROM THE PAYMENT OF INCOME TAXES UNDER SECTION 501(C)(3) AND HAS BEEN DETERMINED TO BE OTHER THAN A PRIVATE FOUNDATION. SUCCESS PREP'S MANAGEMENT BELIEVES THAT SUCCESS PREP CONTINUES TO OPERATE IN A MANNER THAT PRESERVES ITS TAX EXEMPT STATUS. 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. SUCCESS PREP HAS CONCLUDED THAT AT JUNE 30, 2017, and 2016, THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN ITS FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt06616506
IRS990ScheduleD/TotalRevenuePerForm990Amt06320006
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06414906
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06616506
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 11b
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/BOYAmt037173
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt034757
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02085985
IRS990/TotalAssetsEOYAmt02009306
IRS990/TotalAssetsGrp/BOYAmt02085985
IRS990/TotalAssetsGrp/EOYAmt02009306
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt06294392
IRS990/TotalEmployeeCnt0105
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01429801
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt05186705
IRS990/TotalFunctionalExpensesGrp/TotalAmt06616506
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0127609
IRS990/TotalLiabilitiesEOYAmt0252530
IRS990/TotalLiabilitiesGrp/BOYAmt0127609
IRS990/TotalLiabilitiesGrp/EOYAmt0252530
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01958376
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01756776
IRS990/TotalOtherCompensationAmt016894
IRS990/TotalProgramServiceExpensesAmt05186705
IRS990/TotalReportableCompFromOrgAmt0197450
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt025614
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt06320006
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0118
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02085985
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02009306
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt02988
IRS990/TravelGrp/ProgramServicesAmt0235
IRS990/TravelGrp/TotalAmt03223
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01921203
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01722019

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