Civic Intelligence

The Benjamin E Mays Preparatory School

990 • Fiscal year 2011 • EIN 26-3402539

Jul 01, 2010 to Jun 30, 2011 • Filed on May 15, 2012

Organization Profile
3019 Higgins Blvd Bldg B70126
Siviq Scores

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

Liabilities / Assets

76th percentile

0.50x

Higher debt load relative to assets than 76% of similar nonprofits.

2011 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

93rd percentile

58%

Faster asset growth than 93% of similar nonprofits.

2011 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2010 to 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets76th percentile

Assets

Up

$588,864

Up $215,422 (+58%) from 2010

Net Assets

Up

$297,359

Up $63,743 (+27%) from 2010

Liabilities

Up

$291,505

Up $151,679 (+108%) from 2010

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$2,253,067

Up $721,452 (+47%) from 2010

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth93rd percentile

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

$1.0M$500K$0Assets 2010: $373,442Liabilities 2010: $139,826Net Assets 2010: $233,6162010Assets 2011: $588,864Liabilities 2011: $291,505Net Assets 2011: $297,3592011Assets 2012: $819,171Liabilities 2012: $472,392Net Assets 2012: $346,7792012Assets 2013: $0Liabilities 2013: $0Net Assets 2013: $02013

Highlighted filing

2011

Assets$588,864
Liabilities$291,505
Net Assets$297,359
Open 2011 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$4.0M$3.0M$2.0M$1.0M$0Expenses 2010: $1,531,6152010Expenses 2011: $2,253,0672011Expenses 2012: $3,110,8002012Expenses 2013: $3,941,2522013

Highlighted filing

2011

Revenue-
Expenses$2,253,067
Net Income-
Open 2011 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2010 to Jun 30, 2011
Signed
May 15, 2012
Return Version
2010v3.2
Gross Receipts
$2,247,262
Filing and Contact Details

Filer

EIN
26-3402539
Raw XML AppendixShowing 400 of 464 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Description0Benjamin E. Mays Preparatory School is a college preparatory, open-enrollment charter school whose mission is to prepare every student for success in high school, college, and beyond; providing the children of New Orleans with education that rivals the area's most highly regarded public and private schools.
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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE USA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY IF TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NO BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN AND HAS CONCLUDED THAT AS OF JUNE 30, 2011, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. BENJAMIN MAYS PREP IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS OF ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2008.
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IRS990ScheduleE/Form990ScheduleEPartII/Explanation0THE BENJAMIN E. MAYS PREPARATORY SCHOOL HAS AN OPEN ENROLLEMENT POLICY AS A PUBLIC CHARTER SCHOOL.
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IRS990ScheduleO/GeneralExplanation/Explanation0THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation1ERICA CRENSHAW, THE BUSINESS DIRECTOR, IS RESPONSIBLE FOR REVIEWING THE TAX RETURN.
IRS990ScheduleO/GeneralExplanation/Explanation2Client Note 1 - THE BENJAMIN E. MAYS PREPARATORY SCHOOL HAS AN AGREEMENT WITH THE STATE OF LOUISIANA, DEPARTMENT OF EDUCATION, RECOVERY SCHOOL DISTRICT TO USE THE FACILITIES AND ITS CONTENTS AT 3019 HIGGINS BOULEVARD IN NEW ORLEANS. THE AGREEMENT MAY BE RENEWED OR MODIFIED AT THE DISCRETION OF BESE. ANY MODIFICATIONS TO THE FACILITIES MADE BY THE BENJAMIN E. MAYS PREPARATORY SCHOOL WITH PUBLIC FUNDS BECOME PROPERTY OF THE STATE OF LOUISIANA. ANY ALTERATIONS MADE WITH NON-PUBLIC FUNDS REMAIN PROPERTY OF THE BENJAMIN E. MAYS PREPARATORY SCHOOL IN THE EVENT THAT THE AGREEMENT IS TERMINATED. THE BENJAMIN E. MAYS PREPARATORY SCHOOL IS REQUIRED TO MAINTAIN RECORDS OF ANY ASSETS PURCHASED WITH NON-PUBLIC FUNDS. THE BENJAMIN E. MAYS PREPARATORY SCHOOL IS RESPONSIBLE FOR ENSURING THAT THE FACILITIES COMPLY WITH ALL STATE AND LOCAL HEALTH AND SAFETY STANDARDS AND THE RELATED MAINTAINED COSTS. USE OF THE PROPERTY AND RELATED RENT EXPENSE IS NOT RECOGNIZED AS IN IN-KIND CONTRIBUTION FROM THE STATE OF LOUISIANA NOR IS IT READILY DETERMINABLE. BOTH PARTIES RECEIVE SIGNIFICANT VALUE FROM THE AGREEMENT AND IS THEREFORE TREATED AS AN EXCHANGE TRANSACTION.
IRS990ScheduleO/GeneralExplanation/Identifier0Form 990, Part VI, Line 19
IRS990ScheduleO/GeneralExplanation/Identifier1Form 990, Part VI, Line 11
IRS990ScheduleO/GeneralExplanation/ReturnReference0Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/GeneralExplanation/ReturnReference1Form 990, Part VI, Line 11: Form 990 Review Process
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IRS990/TheBooksAreInCareOf/AddressUS/State0LA
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode070126
IRS990/TheBooksAreInCareOf/NamePerson0BRENT WASHINGTON
IRS990/TheBooksAreInCareOf/TelephoneNumber05046134171
IRS990/TotalAssets/BOY0373442
IRS990/TotalAssetsBOY0373442
IRS990/TotalAssets/EOY0588864
IRS990/TotalAssetsEOY0588864
IRS990/TotalCompGT150K0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2011 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$588,864
Liabilities
$291,505
Net assets
$297,359
Revenue
-
Expenses
$2,253,067
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$3.94
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.82$0.47$0.35$3.11
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.59$0.29$0.30$2.25
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.37$0.14$0.23$1.53