Civic Intelligence

Success Preparatory Academy at Wicker

990 • Fiscal year 2020 • EIN 26-3202807

Jul 01, 2019 to Jun 30, 2020 • Filed on Jan 20, 2021

Organization ProfileWWW.SUCCESSPREPARATORY.ORG

View Organization Page

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

33rd percentile

0.06x

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

13th percentile

0.02x

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

53rd percentile

5.6%

Higher net margin than 53% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

55th percentile

$131,001

Higher top officer pay than 55% of similar nonprofits.

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

76th percentile

22%

Faster asset growth than 76% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

53rd percentile

3.1%

Faster revenue growth than 53% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Up

$1,725,521

Up $316,839 (+22%) from 2019

Net Assets

Up

$1,625,446

Up $350,582 (+27%) from 2019

Liabilities

Down

$100,075

Down $33,743 (-25%) from 2019

Revenue And Expenses
Liabilities / Revenue13th percentileNet Margin53rd percentile

Revenue

Up

$6,312,394

Up $191,624 (+3.1%) from 2019

Expenses

Up

$5,961,812

Up $35,141 (+0.6%) from 2019

Net Income

Up

$350,582

Up $156,483 (+81%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth76th percentile

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

2020

Assets$1,725,521
Liabilities$100,075
Net Assets$1,625,446
Open 2020 Filing

Operations Trend

Revenue Growth53rd percentile

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

2020

Revenue$6,312,394
Expenses$5,961,812
Net Income$350,582
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Jan 20, 2021
Return Version
2019v5.1
Gross Receipts
$6,312,394
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$1,229,269$1,558,502▲ $329,233
Pledges and Grants Receivable$217,351$219,029▲ $1,678
Prepaid Expenses and Deferred Charges$76,587$92,110▲ $15,523
Land, Buildings, and Equipment, Net$3,301$6,820▲ $3,519
Cash and Non-Interest-Bearing Accounts$-124,948$-158,062▼ $33,114
Total Assets$1,408,682$1,725,521▲ $316,839
Other Assets Total$7,122$7,122→ $0
Liabilities
Accounts Payable and Accrued Expenses$133,818$100,075▼ $33,743
Total Liabilities$133,818$100,075▼ $33,743
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,211,264$1,562,447▲ $351,183
Net Assets With Donor Restrictions$63,600$62,999▼ $601
Total Net Assets Fund Balance$1,274,864$1,625,446▲ $350,582
Total Liabilities and Net Assets / Fund Balance$1,408,682$1,725,521▲ $316,839

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,286$2,793$5,079
Leasehold Improvements$4,534$504$5,038
Compensation and Service Providers
Top Officer Pay55th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Adam MeinigExecutive DirectorFT$123,764$7,237$131,001

Board Members and Trustees

NameTitle
Angela KeyesChair
Randall FrostVice Chair
Darin Lim YankowitzMember-at-large
Emile a Bagneris IiiMember-at-large
Keywanna PierceMember-at-large
King LoganMember-at-large
Krystal AllenMember-at-large
Nicole Caridad RalstonMember-at-large
Robert EdgecombeMember-at-large
Shawn PreauMember-at-large
Stephen ReutherMember-at-large
Jabreel WalkerSecretary
Beth MclearTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Chartwells Dining ServicesFood Services2 INTERNATIONAL DRIVE, Rye Brook, NY 10573$324,422
A&s TransportationBus Transportation4099 INDUSTRIAL PKWY, New Orleans, LA 70129$259,769
Scholars FirstBus Transportation201 ST CHARLES AVE, New Orleans, LA 70170$187,550
Maintech Building ServicesCustodial Maint ServicePO BOX 791624, New Orleans, LA 70179$174,550
Revenue and Support

Revenue Composition

Contributions and Grants
$6,238,578
Program Service Revenue
$49,043
Investment Income
$16,073
Other Revenue
$8,700
All Other Contributions
$10,644
Change in Net Assets
$350,582

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,312,394
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$6,312,394
Total Revenue per Form 990
$6,312,394
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,854,425
Other Expenses$2,107,387
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,329,115$829,578-$3,158,693
Fees for Services Other$479,861$444,823-$924,684
Office Expenses$254,291$160,556-$414,847
Occupancy$386,128$12,262-$398,390
Payroll Taxes$178,598$63,612-$242,210
Information Technology$193,658$44,603-$238,261
Other Employee Benefits$151,332$53,901-$205,233
Current Officers, Directors, Trustees, and Key Employees$92,245$32,855-$125,100
Pension Plan Contributions$90,835$32,354-$123,189
Fees for Services Accounting$42,900$11,596-$54,496
Insurance$26,198$10,515-$36,713
Advertising-$18,268-$18,268
Fees for Services Legal$10,035$2,712-$12,747
Travel$5,021$2,440-$7,461
Depreciation Depletion$1,016$504-$1,520
Total Functional Expenses$4,241,233$1,720,579$0$5,961,812

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,961,812
Total Expenses per Audited Statements$5,961,812
Total Expenses per Form 990$5,961,812
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 35% controlled entity
No
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
2021-01-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Adam Meinig
Formed
2008
Legal Domicile
La
Voting Board Members
13
Independent Board Members
13
Employees
79
Volunteers
105

Preparer

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

Additional Explanations

Form 990, Part IX, Line 11G

“Professional services: program service expenses 197,818. Management and general expenses 53,473. Fundraising expenses 0. Total expenses 251,291. Bus services: program service expenses 0. Management and general expenses 391,350. Fundraising expenses 0. Total expenses 391,350. Food service: program service expenses 282,043. Management and general expenses 0. Fundraising expenses 0. Total expenses 282,043.”

Financial Statement Notes

PART X, LINE 2:

“Under section 501(c)(3) of the internal revenue code, success prep is exempt from taxes on income other than unrelated business income. Success prep had no unrelated business income for the years ended june 30, 2020 and 2019. Success prep utilizes the accounting requirements associated with uncertainty in income taxes using the provisions of financial accounting standards board (fasb) asc 740, income taxes. Using that guidance, tax positions initially need to be recognized in the financial statements when it is morelikely- than-not the positions will be sustained upon examination by the tax authorities. It also provides guidance for derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. As of june 30, 2020 and 2019, success prep has no uncertain tax provisions that qualify for recognition or disclosure in the financial statements.”

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/TitleTxt0MEMBER-AT-LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt1MEMBER-AT-LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt2MEMBER-AT-LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt3MEMBER-AT-LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt4CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt7MEMBER-AT-LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt9MEMBER-AT-LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt10MEMBER-AT-LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt11MEMBER-AT-LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt12MEMBER-AT-LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt13EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02008
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GovernmentGrantsAmt06227934
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt06312394
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt044603
IRS990/InformationTechnologyGrp/ProgramServicesAmt0193658
IRS990/InformationTechnologyGrp/TotalAmt0238261
IRS990/InsuranceGrp/ManagementAndGeneralAmt010515
IRS990/InsuranceGrp/ProgramServicesAmt026198
IRS990/InsuranceGrp/TotalAmt036713
IRS990/InvestmentIncomeGrp/ExclusionAmt016073
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt016073
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt015
IRS990/IRPDocumentW2GCnt00
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt03301
IRS990/LandBldgEquipBasisNetGrp/EOYAmt06820
IRS990/LandBldgEquipCostOrOtherBssAmt010117
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/NetAssetsOrFundBalancesBOYAmt01274864
IRS990/NetAssetsOrFundBalancesEOYAmt01625446
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01211264
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01562447
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt012262
IRS990/OccupancyGrp/ProgramServicesAmt0386128
IRS990/OccupancyGrp/TotalAmt0398390
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0160556
IRS990/OfficeExpensesGrp/ProgramServicesAmt0254291
IRS990/OfficeExpensesGrp/TotalAmt0414847
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt07122
IRS990/OtherAssetsTotalGrp/EOYAmt07122
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt053901
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0151332
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0205233
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt08700
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt08700
IRS990/OtherRevenueTotalAmt08700
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0829578
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02329115
IRS990/OtherSalariesAndWagesGrp/TotalAmt03158693
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt063612
IRS990/PayrollTaxesGrp/ProgramServicesAmt0178598
IRS990/PayrollTaxesGrp/TotalAmt0242210
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt032354
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt090835
IRS990/PensionPlanContributionsGrp/TotalAmt0123189
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0217351
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0219029
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt076587
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt092110
IRS990/PrincipalOfficerNm0ADAM MEINIG
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/BusinessCd1611110
IRS990/ProgramServiceRevenueGrp/Desc0MEDICAID REIMBURSMENTS
IRS990/ProgramServiceRevenueGrp/Desc1BOOKS AND SUPPLIES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt041106
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt17937
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt041106
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt17937
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt06054551
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt012485
IRS990/PYOtherExpensesAmt02302532
IRS990/PYOtherRevenueAmt03189
IRS990/PYProgramServiceRevenueAmt050545
IRS990/PYRevenuesLessExpensesAmt0194099
IRS990/PYSalariesCompEmpBnftPaidAmt03624139
IRS990/PYTotalExpensesAmt05926671
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06120770
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0350582
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt057743
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01229269
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01558502
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/BookValueAmt02286
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02793
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05079
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt05961812
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt04534
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0504
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt05038
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt06312394
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, SUCCESS PREP IS EXEMPT FROM TAXES ON INCOME OTHER THAN UNRELATED BUSINESS INCOME. SUCCESS PREP HAD NO UNRELATED BUSINESS INCOME FOR THE YEARS ENDED JUNE 30, 2020 AND 2019. SUCCESS PREP UTILIZES THE ACCOUNTING REQUIREMENTS ASSOCIATED WITH UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ASC 740, INCOME TAXES. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORELIKELY- THAN-NOT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AS OF JUNE 30, 2020 AND 2019, SUCCESS PREP HAS NO UNCERTAIN TAX PROVISIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06820
IRS990ScheduleD/TotalExpensesPerForm990Amt05961812
IRS990ScheduleD/TotalRevenuePerForm990Amt06312394
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06312394
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05961812
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.

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,725,521
Liabilities
$100,075
Net assets
$1,625,446
Revenue
$6,312,394
Expenses
$5,961,812
Net income
$350,582
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.28$0.19$3.08$9.16$8.82$0.34
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.44$0.25$2.19$7.66$7.73$0.07
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.38$0.13$2.25$6.88$6.25$0.63
2020Detailed filing. Detailed filing data is available for this year.$1.73$0.10$1.63$6.31$5.96$0.35
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.41$0.13$1.27$6.12$5.93$0.19
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.01$0.25$1.76$6.32$6.62$0.30
2016Detailed filing. Detailed filing data is available for this year.$2.09$0.13$1.96$6.53$6.59$0.06
2014Detailed filing. Detailed filing data is available for this year.$2.40$0.51$1.89$5.85$5.52$0.33
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.94$0.39$1.55$4.64
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.70$0.25$1.45$3.86
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.99$0.30$0.69$2.30