Civic Intelligence

Success Preparatory Academy at Wicker

990 • Fiscal year 2019 • EIN 26-3202807

Jul 01, 2018 to Jun 30, 2019 • Filed on Mar 03, 2020

4621 Canal StNew Orleans, LA 70119

(504) 373-6200

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.09x

Higher debt load relative to assets than 42% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

16th percentile

0.02x

Higher debt load relative to revenue than 16% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

51st percentile

3.2%

Higher net margin than 51% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

51st percentile

$123,494

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

69th percentile

10%

Faster asset growth than 69% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

40th percentile

0.6%

Faster revenue growth than 40% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Down

$1,408,682

Down $600,624 (-30%) from 2017

Net Assets

Down

$1,274,864

Down $481,912 (-27%) from 2017

Liabilities

Down

$133,818

Down $118,712 (-47%) from 2017

Revenue

Down

$6,120,770

Down $199,236 (-3.2%) from 2017

Expenses

Down

$5,926,671

Down $689,835 (-10%) from 2017

Net Income

Up

$194,099

Up $490,599 (+165%) from 2017

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

2019

Assets$1,408,682
Liabilities$133,818
Net Assets$1,274,864

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

2019

Revenue$6,120,770
Expenses$5,926,671
Net Income$194,099
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Mar 3, 2020
Return Version
2018v3.1
Gross Receipts
$6,120,770
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,000,878$1,229,269▲ $228,391
Pledges and Grants Receivable$291,392$217,351▼ $74,041
Prepaid Expenses and Deferred Charges$69,514$76,587▲ $7,073
Land, Buildings, and Equipment, Net$4,317$3,301▼ $1,016
Cash and Non-Interest-Bearing Accounts$-131,764$-124,948▲ $6,816
Total Assets$1,277,849$1,408,682▲ $130,833
Other Assets Total$43,512$7,122▼ $36,390
Liabilities
Accounts Payable and Accrued Expenses$197,084$133,818▼ $63,266
Total Liabilities$197,084$133,818▼ $63,266
Net Assets / Fund Balance
Unrestricted Net Assets$1,048,528$1,211,264▲ $162,736
Temporarily Rstr Net Assets$32,237$63,600▲ $31,363
Total Net Assets Fund Balance$1,080,765$1,274,864▲ $194,099
Total Liabilities and Net Assets / Fund Balance$1,277,849$1,408,682▲ $130,833

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,301$1,778$5,079
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Adam MeinigExecutive DirectorFT$118,268$5,226$123,494
Niloy GangopadhyayCo Founder/school DirectorFT$71,118$4,197$75,315

Board Members and Trustees

NameTitle
Robert EdgecombeBoard Chair
Angela KeyesMember-at-large
Beth MclearMember-at-large
Darin Lim YankowitzMember-at-large
Emile a Bagneris IiiMember-at-large
Jabreel WalkerMember-at-large
Keywanna PierceMember-at-large
Randall FrostMember-at-large
Shawn PreauMember-at-large

Highest Paid Contractors

ContractorServicesLocationCompensation
Scholars FirstBus TransportationPO BOX 731152, Dallas, TX 75373$239,160
Maintech Building SolutionsCustodial Maint Service4000 BIENVILLE ST, New Orleans, LA 70119$181,196
Chartwells Dining ServicesFood ServicesPO BOX 417632, Boston, MA 02241$167,453
Revenue and Support

Revenue Composition

Contributions and Grants
$6,054,551
Program Service Revenue
$50,545
Investment Income
$12,485
Other Revenue
$3,189
All Other Contributions
$52,751
Change in Net Assets
$194,099

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,120,770
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$6,120,770
Total Revenue per Form 990
$6,120,770
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,624,139
Other Expenses$2,302,532
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,221,057$749,792-$2,970,849
Fees for Services Other$582,908$545,053-$1,127,961
Occupancy$399,455$12,686-$412,141
Office Expenses$241,985$135,324-$377,309
Other Employee Benefits$170,792$57,657-$228,449
Payroll Taxes$170,105$57,424-$227,529
Information Technology$181,796$40,571-$222,367
Current Officers, Directors, Trustees, and Key Employees$93,527$31,573-$125,100
Pension Plan Contributions$53,987$18,225-$72,212
Insurance$37,194$13,686-$50,880
Fees for Services Accounting$36,555$11,066-$47,621
Travel$27,317$1,518-$28,835
Other Expenses-$18,358-$18,358
Advertising-$10,330-$10,330
Fees for Services Legal$4,386$1,328-$5,714
Depreciation Depletion$1,016--$1,016
Total Functional Expenses$4,222,080$1,704,591$0$5,926,671

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,926,671
Total Expenses per Audited Statements$5,926,671
Total Expenses per Form 990$5,926,671
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
4621 CANAL ST, NEW ORLEANS, LA 70119

Signing Officer

Name
Adam Meinig
Title
Executive Director
Phone
5043736200
Signed
2020-03-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Adam Meinig
Formed
2008
Legal Domicile
La
Voting Board Members
9
Independent Board Members
9
Employees
98
Volunteers
105

Preparer

Firm
Carr Riggs & Ingram LLC
Address
111 VETERANS BLVD SUITE 350, METAIRIE, LA 70005
Preparer
Ryan Kruse CPA
Phone
5048379116
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Professional services: program service expenses 227,272. Management and general expenses 68,803. Fundraising expenses 0. Total expenses 296,075. Bus services: program service expenses 0. Management and general expenses 476,250. Fundraising expenses 0. Total expenses 476,250. Food service: program service expenses 355,636. Management and general expenses 0. Fundraising expenses 0. Total expenses 355,636.

Financial Statement Notes

PART X, LINE 2:

Accounting principles generally accepted in the united states of america require success prep's management to evaluate tax positions taken by success prep and recognize a tax liability if success prep has taken an uncertain position that more likely than not would not be sustained upon examination by the internal revenue service. Success prep's management has analyzed the tax positions taken by success prep, and has concluded that as of june 30, 2019 and 2018, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements. Success prep is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt012485
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt017
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01778
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04317
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03301
IRS990/LandBldgEquipCostOrOtherBssAmt05079
IRS990/LegalDomicileStateCd0LA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0AT 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01080765
IRS990/NetAssetsOrFundBalancesEOYAmt01274864
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt012686
IRS990/OccupancyGrp/ProgramServicesAmt0399455
IRS990/OccupancyGrp/TotalAmt0412141
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0135324
IRS990/OfficeExpensesGrp/ProgramServicesAmt0241985
IRS990/OfficeExpensesGrp/TotalAmt0377309
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt043512
IRS990/OtherAssetsTotalGrp/EOYAmt07122
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt057657
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0170792
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0228449
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt018358
IRS990/OtherExpensesGrp/TotalAmt018358
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt03189
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03189
IRS990/OtherRevenueTotalAmt03189
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0749792
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02221057
IRS990/OtherSalariesAndWagesGrp/TotalAmt02970849
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt057424
IRS990/PayrollTaxesGrp/ProgramServicesAmt0170105
IRS990/PayrollTaxesGrp/TotalAmt0227529
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt018225
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt053987
IRS990/PensionPlanContributionsGrp/TotalAmt072212
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0291392
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0217351
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt069514
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt076587
IRS990/PrincipalOfficerNm0ADAM MEINIG
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/BusinessCd1611110
IRS990/ProgramServiceRevenueGrp/Desc0MEDICAID REIMBURSMENTS
IRS990/ProgramServiceRevenueGrp/Desc1BOOKS AND SUPPLIES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt035658
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt114887
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt035658
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt114887
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt06032633
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt04691
IRS990/PYOtherExpensesAmt02400450
IRS990/PYOtherRevenueAmt048230
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-676011
IRS990/PYSalariesCompEmpBnftPaidAmt04361115
IRS990/PYTotalExpensesAmt06761565
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06085554
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0194099
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt053734
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01000878
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01229269
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt03301
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01778
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05079
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt05926671
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt06120770
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE SUCCESS PREP'S MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY SUCCESS PREP AND RECOGNIZE A TAX LIABILITY IF SUCCESS PREP HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. SUCCESS PREP'S MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY SUCCESS PREP, AND HAS CONCLUDED THAT AS OF JUNE 30, 2019 AND 2018, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. SUCCESS PREP IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03301
IRS990ScheduleD/TotalExpensesPerForm990Amt05926671
IRS990ScheduleD/TotalRevenuePerForm990Amt06120770
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06120770
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05926671
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/ExplanationTxt6PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 227,272. MANAGEMENT AND GENERAL EXPENSES 68,803. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 296,075. BUS SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 476,250. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 476,250. FOOD SERVICE: PROGRAM SERVICE EXPENSES 355,636. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 355,636.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt032237
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt063600
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01277849
IRS990/TotalAssetsEOYAmt01408682
IRS990/TotalAssetsGrp/BOYAmt01277849
IRS990/TotalAssetsGrp/EOYAmt01408682
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt06054551
IRS990/TotalEmployeeCnt098
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01704591
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04222080
IRS990/TotalFunctionalExpensesGrp/TotalAmt05926671
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0197084

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