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Educare New Orleans

Tax-deductible

New Orleans, LA501(c)(3)EducationEIN 45-3788164Revenue $405K in FY2024

On file with the IRSeducareneworleans.org320 Julia St, 70130-3604 · New Orleans, LATax-exempt since Apr 2013School — 170(b)(1)(A)(ii)

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Educare New Orleans was organized to develop, build, and operate a high quality early education school, within the mixed income columbia parc community, on the site of the former st. Bernard public housing development.

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
Run by 90 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
IRS Pub. 78
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $254K a year · 45% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $334K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$17K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$405K
-0.3% vs prior year
Spent
$596K
To programs
94%
Net assets
$5.9M
By yearFY2020–FY2024
Revenue
$405K
FY2024-0.3%
Tap a bar for its year
Revenue by fiscal year
FY2020$609K
FY2021$814K
FY2022$599K
FY2023$406K
FY2024$405K
Expenses
$596K
FY2024▼ -12%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.0M
FY2021$1.0M
FY2022$739K
FY2023$678K
FY2024$596K
Net assets
$5.9M
FY2024▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2020$6.6M
FY2021$6.4M
FY2022$6.3M
FY2023$6.1M
FY2024$5.9M

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Exemption reinstated. Listed in IRS Pub. 78 (as of October 2026). Latest filing on record: FY2024. IRS ruling in Apr 2013.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $558K Fundraising 6% · $38K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
Gerard W Barousse JR
Immediate Past Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Michael Rodrigue
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Eric Buchanan
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Kea Sherman
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
See Educare New Orleans executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Builds and operates a high-quality early education school for children in a mixed-income community.

Questions for Educare New Orleans

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Provided by the organization

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1 program · $558K · in their own filed words · FY2024
01

Educare is a national model, state-of-the-art, full-day, year-round school, funded primarily through public dollars. Educare is a non-profit organization that serves at-risk children from birth to five years.

$558Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Fore Kids Foundation INCFY2024$200K
Agenda for Children INCFY2024$114K
Pro Bono Publico FoundationFY2024$10K
Fidelity Investments Charitable Gift FundFY2024$10K
Total grants receivedfrom 4 funders$334K
See all 4 funders →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$405K
Ln 12
Gifts and grantsLn 1h$331K
Fees for servicesLn 2g$74K
Money outPt IX
$596K
Ln 25
Programscol B$558K
Fundraisingcol D$38K
Owns and owesPt X
$5.9M
net assets · Ln 32
Cash and savingsLn 1–2$48K
Total assetsLn 16$5.9M
LiabilitiesLn 26$17K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$331K
Fees for servicesLn 2g$74K
Total revenueLn 12$405K
Assets in detailPt X, end of year
CashLn 1$48K
Cash and savings togetherLn 1–2$48K
Land, buildings, equipmentLn 10c$5.9M
Total assetsLn 16$5.9M
LiabilitiesLn 26$17K
Net assetsLn 32$5.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 690
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$165K$48K
Land, buildings, equipmentLn 10c$6.1M$5.9M
Total assetsLn 16$6.3M$5.9M
LiabilitiesLn 26$149K$17K
Net assetsLn 32$6.1M$5.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$390K$352K$38K
Office expensesLn 13$563$563
Depreciation, depletion and amortizationLn 22$206K$206K
Total functional expensesLn 25$596K$558K$0$38K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $405K$596K−$191K$5.9M 990 PDF
FY2023 $406K$678K−$272K$6.1M 990 PDF
FY2022 $599K$739K−$140K$6.3M 990 PDF
FY2021 $814K$1.0M−$235K$6.4M 990 PDF
FY2020 $609K$1.0M−$433K$6.6M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $405,070 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $368,944$330,573
I-9 Program service revenuePrior year $35,973$74,497
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $1,270$0
I-12 Total revenuePrior year $406,187$405,070
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $678,287$596,131
I-18 Total expensesPrior year $678,287$596,131
I-19 Revenue less expensesPrior year −$272,100−$191,061
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $405,070 across 4 lines filed
VIII-1f All other contributions, gifts and grants$330,573
VIII-1h Total contributions, gifts and grants$330,573
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $74,497$74,497
VIII-12 Total revenueRelated to mission $74,497 · Unrelated business $0 · Excluded from tax $0$405,070
Part IX · Statement of functional expenses $596,131 across 3 lines filed
IX-11a Management feesPrograms $351,676 · Fundraising $38,185$389,861
IX-13 Office expensesPrograms $563$563
IX-22 Depreciation, depletion and amortizationPrograms $205,707$205,707
IX-25 Total functional expensesPrograms $557,946 · Management $0 · Fundraising $38,185$596,131
Part X · Balance sheet $5,945,558 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $165,489$48,303
X-10c Land, buildings and equipment, netStart of year $6,102,963$5,897,255
X-16 Total assetsStart of year $6,268,452$5,945,558
X-17 Accounts payable and accrued expensesStart of year $149,115$17,282
X-26 Total liabilitiesStart of year $149,115$17,282
X-27 Net assets without donor restrictionsStart of year $5,836,786$5,526,644
X-28 Net assets with donor restrictionsStart of year $282,551$401,632
X-32 Total net assets or fund balancesStart of year $6,119,337$5,928,276
X-33 Total liabilities and net assetsStart of year $6,268,452$5,945,558
Part XI · Reconciliation of net assets $5,928,276 net assets at year end
XI-1 Total revenue$405,070
XI-2 Total expenses$596,131
XI-3 Revenue less expenses−$191,061
XI-4 Net assets at start of year$6,119,337
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,928,276

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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