Nola Micro Schools: FY2020 Nonprofit Profile & Form 990 (EIN 47-2557385)

Revenue by fiscal year
FY2020	$434K
FY2021	$190K
FY2022	$85K

Net assets by fiscal year
FY2020	−$51K
FY2021	−$60K
FY2022	$0

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

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

Where the money goes

87 cents of each dollar spent went to programs.

87%

13%

Program services 87% · $411K Management & general 13% · $60K

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

2 people listed on the 990; $63K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII

Kim Gibson

Secretary

$62,833Pt VII · Sec A

Matt Candler

Chair

$0Pt VII · Sec A

See Nola Micro Schools 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

Educates diverse children in low-cost studios, fostering leadership and community impact.

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Provided by the organization

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1 program · $411K · in their own filed words · FY2019

01

Provide an independent, individualized education for students grades 2-8 in the Greater New Orleans area

$411Kprogram 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 · FY2022

Amazonsmile FoundationFY2022$5

Total grants receivedfrom 1 funder$5

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$434K

Ln 12

Fees for servicesLn 2g$334K

Gifts and grantsLn 1h$93K

Other incomeLn 4–11$7K

Money outPt IX

$471K

Ln 25

Programscol B$411K

Managementcol C$60K

Owns and owesPt X

−$51K

net assets · Ln 32

Cash and savingsLn 1–2$56K

Total assetsLn 16$58K

LiabilitiesLn 26$110K

PeoplePt VI, VII

2

listed · VII A

PaidVII A1

Voting boardVI 1a2

IndependentVI 1b2

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$93K

Government grantsLn 1e$0

Noncash giftsLn 1g$0

Fundraising eventsLn 1c$0

Fees for servicesLn 2g$334K

Other incomeLn 4–11$7K

Total revenueLn 12$434K

Assets in detailPt X, end of year

CashLn 1$56K

Cash and savings togetherLn 1–2$56K

Other assetsLn 15$75

Total assetsLn 16$58K

LiabilitiesLn 26$110K

Net assetsLn 32−$51K

OperationsPt I, VI

EmployeesI 56

VolunteersI 610

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$35K	$56K
Total assetsLn 16	$54K	$58K
LiabilitiesLn 26	$69K	$110K
Net assetsLn 32	−$15K	−$51K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Pay of current officers, directors and key staffLn 5	$63K	$38K	$25K	$0
Other salaries and wagesLn 7	$166K	$166K	$0	$0
Other employee benefitsLn 9	$31K	$27K	$4K	$0
Payroll taxesLn 10	$17K	$15K	$2K	$0
Legal feesLn 11b	$3K		$3K
Accounting feesLn 11c	$15K		$15K
Other fees for servicesLn 11g	$17K	$17K
Office expensesLn 13	$12K	$12K
Information technologyLn 14	$11K	$8K	$3K
OccupancyLn 16	$107K	$107K
TravelLn 17	$6K	$6K
Conferences, conventions and meetingsLn 19	$2K	$2K
InterestLn 20	$3K		$3K
Depreciation, depletion and amortizationLn 22	$0
InsuranceLn 23	$5K		$5K
Other expenses (24a–d)Ln 24	$13K	$13K	$0	$0
Total functional expensesLn 25	$471K	$411K	$60K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2022 Latest	$85K			$0	990 PDF
FY2021	$190K			−$60K	990 PDF
FY2020 Viewing	$434K	$471K	−$37K	−$51K	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 FY2020 990 (6 parts)

Part I · Summary $434,241 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $128,754$93,364

I-9 Program service revenuePrior year $281,670$334,182

I-10 Investment incomePrior year $7$0

I-11 Other revenuePrior year $0$6,695

I-12 Total revenuePrior year $410,431$434,241

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 $242,377$277,008

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $178,646$193,743

I-18 Total expensesPrior year $421,023$470,751

I-19 Revenue less expensesPrior year −$10,592−$36,510

Part VI · Governance 2 of 2 board members independent, 1 to look at

VI-1a Voting members of the governing body2

VI-1b Independent voting members2

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $434,241 across 11 lines filed

VIII-1a Federated campaigns$0

VIII-1b Membership dues$0

VIII-1c Fundraising events$0

VIII-1d Related organizations$0

VIII-1e Government grants$0

VIII-1f All other contributions, gifts and grants$93,364

VIII-1g Noncash contributions (included above)$0

VIII-1h Total contributions, gifts and grants$93,364

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $334,182 · Unrelated business $0 · Excluded from tax $0$334,182

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $6,695 · Unrelated business $0 · Excluded from tax $0$6,695

VIII-12 Total revenueRelated to mission $340,877 · Unrelated business $0 · Excluded from tax $0$434,241

Part IX · Statement of functional expenses $470,751 across 16 lines filed

IX-5 Pay of current officers, directors and key staffPrograms $37,700 · Management $25,133 · Fundraising $0$62,833

IX-7 Other salaries and wagesPrograms $165,605 · Management $0 · Fundraising $0$165,605

IX-9 Other employee benefitsPrograms $27,299 · Management $4,000 · Fundraising $0$31,299

IX-10 Payroll taxesPrograms $15,348 · Management $1,923 · Fundraising $0$17,271

IX-11b Legal feesManagement $2,987$2,987

IX-11c Accounting feesManagement $15,337$15,337

IX-11g Other fees for servicesPrograms $16,509$16,509

IX-13 Office expensesPrograms $12,309$12,309

IX-14 Information technologyPrograms $8,336 · Management $2,779$11,115

IX-16 OccupancyPrograms $107,275$107,275

IX-17 TravelPrograms $5,740$5,740

IX-19 Conferences, conventions and meetingsPrograms $1,527$1,527

IX-20 InterestManagement $3,309$3,309

IX-22 Depreciation, depletion and amortization$0

IX-23 InsuranceManagement $4,567$4,567

IX-24 Other expenses (24a–d)Programs $13,068 · Management $0 · Fundraising $0$13,068

IX-25 Total functional expensesPrograms $410,716 · Management $60,035 · Fundraising $0$470,751

Part X · Balance sheet $58,138 assets, 12 lines filed

X-1 Cash, non-interest-bearingStart of year $34,805$55,883

X-4 Accounts receivableStart of year $17,775$2,180

X-15 Other assetsStart of year $75$75

X-16 Total assetsStart of year $54,159$58,138

X-17 Accounts payable and accrued expensesStart of year $616$1,466

X-24 Unsecured notes and loans payableStart of year $62,238$104,526

X-25 Other liabilitiesStart of year $6,591$3,634

X-26 Total liabilitiesStart of year $69,445$109,626

X-27 Net assets without donor restrictionsStart of year −$15,286−$51,488

X-28 Net assets with donor restrictionsStart of year $0$0

X-32 Total net assets or fund balancesStart of year −$15,286−$51,488

X-33 Total liabilities and net assetsStart of year $54,159$58,138

Part XI · Reconciliation of net assets −$51,488 net assets at year end

XI-1 Total revenue$434,241

XI-2 Total expenses$470,751

XI-3 Revenue less expenses−$36,510

XI-4 Net assets at start of year−$15,286

XI-5 Net unrealized gains (losses) on investments$0

XI-6 Donated services and use of facilities$0

XI-7 Investment expenses$0

XI-8 Prior period adjustments$308

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year−$51,488

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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Nola Micro Schools FY2020 filing

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