Better Choice Foundation

IRS exemption revoked

New Orleans, LAUnknown exempt organization EIN 45-5596256Revenue $553 in FY2021

On file with the IRScoghillelementary.org4617 Mirabeau Avenue · New Orleans, LA

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To educate, empower, and motivate children within orleans parish to be future leaders by infusing the latest technological resources while creating an educational environmental that fosters academic excellence, encourages social competence, and challenges young minds to exceed the highest of educational expectations in every academic fields.

30¢ of each $1 spent went to programs.
$167K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $753K a year · 22% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
30%
of spending
Concern: 30% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$167K
to officers and key staff · 20% of spending
Fine: pay to officers and key staff is 20% of spending; 15% to 20%.
Pt VII · Sec A
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $54K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$553
-100% vs prior year
Spent
$845K
To programs
30%
Net assets
$82K
By yearFY2020–FY2021
Revenue
$553
FY2021▼ -100%
Tap a bar for its year
Revenue by fiscal year
FY2020$7.0M
FY2021$553
Expenses
$845K
FY2021▼ -89%
Tap a bar for its year
Expenses by fiscal year
FY2020$7.6M
FY2021$845K
Net assets
$82K
FY2021▼ -91%
Tap a bar for its year
Net assets by fiscal year
FY2020$934K
FY2021$82K

From the FY2021 Form 990 (year ending June 2021) · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on November 15, 2024

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2021.

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

Where the money goes

30 cents of each dollar spent went to programs.

Program services 30% · $256K Management & general 70% · $589K

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; $167K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Head of Scho
$167,115Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
See Better Choice Foundation 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 15aYes

Programs and updates

Empowers children with technology and education to become future leaders.

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Provided by the organization

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1 program · $256K · in their own filed words · FY2020
01

To unite with parents and the community to create and maintain a safe quality learning environment. To build a culture that will partner parents, children and teachers by providing various activities.

$256Kprogram 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 · FY2019
Total grants receivedfrom 1 funder$54K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$553
Ln 12
Investment incomeLn 3$553
Money outPt IX
$845K
Ln 25
Programscol B$256K
Managementcol C$589K
Owns and owesPt X
$82K
net assets · Ln 32
Cash and savingsLn 1–2$79K
Total assetsLn 16$82K
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$553
Total revenueLn 12$553
Assets in detailPt X, end of year
CashLn 1$79K
Cash and savings togetherLn 1–2$79K
Total assetsLn 16$82K
LiabilitiesLn 26$0
Net assetsLn 32$82K
OperationsPt I, VI
EmployeesI 579
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$1.1M$79K
Total assetsLn 16$1.4M$82K
LiabilitiesLn 26$505K$0
Net assetsLn 32$934K$82K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$336K$206K$131K
Other employee benefitsLn 9$26K$26K
Payroll taxesLn 10$21K$21K
Legal feesLn 11b$42K$42K
Accounting feesLn 11c$58K$58K
Office expensesLn 13$393$393
Information technologyLn 14$2K$2K
OccupancyLn 16$4K$4K
Payments to affiliatesLn 21$316K$316K
InsuranceLn 23$16K$16K
Other expenses (24a–d)Ln 24$21K$3K$18K
All other expensesLn 24e$779$779
Total functional expensesLn 25$845K$256K$589K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest Viewing $553$845K−$844K$82K 990 PDF
FY2020 $7.0M$7.6M−$663K$934K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants J · Pay O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $553 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,380,105$0
I-9 Program service revenuePrior year $5,540,989$0
I-10 Investment incomePrior year $1,587$553
I-11 Other revenuePrior year $43,284$0
I-12 Total revenuePrior year $6,965,965$553
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $4,457,953$383,499
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $3,170,615$461,064
I-18 Total expensesPrior year $7,628,568$844,563
I-19 Revenue less expensesPrior year −$662,603−$844,010
Part VI · Governance 7 of 7 board members independent, 2 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $553 across 2 lines filed
VIII-3 Investment incomeRelated to mission $553$553
VIII-12 Total revenueRelated to mission $553$553
Part IX · Statement of functional expenses $844,563 across 12 lines filed
IX-7 Other salaries and wagesPrograms $205,564 · Management $130,608$336,172
IX-9 Other employee benefitsPrograms $25,921$25,921
IX-10 Payroll taxesPrograms $21,406$21,406
IX-11b Legal feesManagement $41,752$41,752
IX-11c Accounting feesManagement $58,209$58,209
IX-13 Office expensesManagement $393$393
IX-14 Information technologyManagement $1,920$1,920
IX-16 OccupancyManagement $4,488$4,488
IX-21 Payments to affiliatesManagement $316,418$316,418
IX-23 InsuranceManagement $15,989$15,989
IX-24 Other expenses (24a–d)Programs $2,955 · Management $18,161$21,116
IX-24e All other expensesManagement $779$779
IX-25 Total functional expensesPrograms $255,846 · Management $588,717 · Fundraising $0$844,563
Part X · Balance sheet $82,407 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $1,111,951$79,308
X-4 Accounts receivableStart of year $10,642$3,099
X-16 Total assetsStart of year $1,438,955$82,407
X-26 Total liabilitiesStart of year $505,079$0
X-27 Net assets without donor restrictionsStart of year $933,876$82,407
X-32 Total net assets or fund balancesStart of year $933,876$82,407
X-33 Total liabilities and net assetsStart of year $1,438,955$82,407
Part XI · Reconciliation of net assets $82,407 net assets at year end
XI-1 Total revenue$553
XI-2 Total expenses$844,563
XI-3 Revenue less expenses−$844,010
XI-4 Net assets at start of year$933,876
XI-9 Other changes in net assets−$7,459
XI-10 Net assets at end of year$82,407

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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