Isidore Newman School FY2021 filing

Tax-deductible

New Orleans, LA501(c)(3)Since 1903EducationEIN 72-0408935Revenue $38.2M in FY2021

On file with the IRSnewmanschool.org1903 Jefferson Ave, 70115-5616 · New Orleans, LATax-exempt since Oct 1947School — 170(b)(1)(A)(ii)

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Newman inspires individual growth and academic excellence within an inclusive community committed to strong relationships and high expectations.

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
$1.4M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $4.4M a year · 11% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.4M
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
28
named funders · $6.2M
Looks good: 28 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$41.0M
58% of total assets
Fine: liabilities are 58% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
33
of 33 voting members
Looks good: 33 of 33 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$38.2M
+9% vs prior year
Spent
$33.0M
To programs
78%
Net assets
$29.3M
By yearFY2020–FY2025
Revenue
$38.2M
FY2021▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2020$35.1M
FY2021$38.2M
FY2022$38.5M
FY2023$38.6M
FY2024$43.6M
FY2025$44.5M
Expenses
$33.0M
FY2021▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2020$29.8M
FY2021$33.0M
FY2022$34.1M
FY2023$37.6M
FY2024$38.5M
FY2025$39.4M
Net assets
$29.3M
FY2021▲ +22%
Tap a bar for its year
Net assets by fiscal year
FY2020$24.1M
FY2021$29.3M
FY2022$41.9M
FY2023$44.1M
FY2024$50.8M
FY2025$57.8M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1947.

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

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $25.9M Management & general 18% · $5.9M Fundraising 4% · $1.2M

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

41 people listed on the 990; $1.4M 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 School
$438,787Pt VII · Sec A
Assistant Head of School for Finance & Operations
$235,934Pt VII · Sec A
Director of Advancement
$148,961Pt VII · Sec A
Asst Head of School for Enrollment Mgmt
$142,140Pt VII · Sec A
Director of College Counseling
$139,563Pt VII · Sec A
Director of Facilities
$129,209Pt VII · Sec A
Director of Athletics
$117,906Pt VII · Sec A
$0Pt VII · Sec A

Dale M Smith’s $546K as Head of School is at the 92nd percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Dale M Smith$545,934$664,581$518,644$498,105$438,787$413,852
Jennifer Wollfarth——$134,606$233,198$235,934$229,343
Kimberly Wargo—————$188,510
Kevin Ciolino$179,997$163,994$113,589———
Fred Hill$124,397$116,481$170,498———
Stephen Soud$169,269$152,724$147,131$144,913$139,563—
Deena Carey$166,902$162,444$156,738$153,653——
Jennifer Rosen$160,980$156,319$150,795$147,954$142,140$138,050

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Educates children from pre-kindergarten through 12th grade in New Orleans.

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Provided by the organization

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1 program · $25.9M · in their own filed words · FY2020
01

Operation of an early education, pre-k, elementary, junior and high school with 1,096 enrolled students.

$25.9Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
See all 28 funders →
Grants paid · 6 grants · $18.0M · 2019–2024
Unitemized GrantFY2024$3,370,915
Unitemized GrantFY2023$3,341,658
Unitemized GrantFY2022$3,178,534
Unitemized GrantFY2021$2,988,743
Unitemized GrantFY2020$2,789,237
Unitemized GrantFY2019$2,317,005

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$38.2M
Ln 12
Fees for servicesLn 2g$29.4M
Gifts and grantsLn 1h$8.7M
Other incomeLn 4–11$148K
Money outPt IX
$33.0M
Ln 25
Programscol B$25.9M
Managementcol C$5.9M
Fundraisingcol D$1.2M
Owns and owesPt X
$29.3M
net assets · Ln 32
Cash and savingsLn 1–2$14.4M
Total assetsLn 16$70.4M
LiabilitiesLn 26$41.0M
PeoplePt VI, VII
41
listed · VII A
PaidVII A7
Voting boardVI 1a33
IndependentVI 1b33
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$8.7M
Government grantsLn 1e$3.4M
Noncash giftsLn 1g$87K
Fundraising eventsLn 1c$11K
Fees for servicesLn 2g$29.4M
Investment incomeLn 3$8K
Other incomeLn 4–11$148K
Gains on assetsLn 7−$9K
Total revenueLn 12$38.2M
Assets in detailPt X, end of year
SavingsLn 2$14.4M
Cash and savings togetherLn 1–2$14.4M
Land, buildings, equipmentLn 10c$37.4M
Total assetsLn 16$70.4M
LiabilitiesLn 26$41.0M
Net assetsLn 32$29.3M
OperationsPt I, VI
EmployeesI 5564
VolunteersI 6384
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
LineStart FY21End FY21
Cash and savingsLn 1–2$12.8M$14.4M
Land, buildings, equipmentLn 10c$38.1M$37.4M
Total assetsLn 16$70.2M$70.4M
LiabilitiesLn 26$46.1M$41.0M
Net assetsLn 32$24.1M$29.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$2.8M$2.8M
Pay of current officers, directors and key staffLn 5$731K$731K
Other salaries and wagesLn 7$15.3M$11.5M$3.2M$592K
Pension plan contributionsLn 8$678K$517K$132K$30K
Other employee benefitsLn 9$1.3M$871K$300K$86K
Payroll taxesLn 10$1.1M$839K$194K$43K
Other fees for servicesLn 11g$284K$284K
Office expensesLn 13$62K$62K
Information technologyLn 14$713K$556K$78K$78K
OccupancyLn 16$1.8M$1.5M$118K$139K
TravelLn 17$39K$39K
Depreciation, depletion and amortizationLn 22$2.5M$2.3M$125K$125K
InsuranceLn 23$921K$829K$46K$46K
Other expenses (24a–d)Ln 24$4.6M$4.2M$395K$3K
All other expensesLn 24e$303K$201K$101K
Total functional expensesLn 25$33.0M$25.9M$5.9M$1.2M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $44.5M$39.4M$5.2M$57.8M 990 PDF
FY2024 $43.6M$38.5M$5.1M$50.8M 990 PDF
FY2023 $38.6M$37.6M$995K$44.1M 990 PDF
FY2022 $38.5M$34.1M$4.3M$41.9M 990 PDF
FY2021 Viewing $38.2M$33.0M$5.2M$29.3M 990 PDF
FY2020 $35.1M$29.8M$5.4M$24.1M 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 FY2021 990 (6 parts)
Part I · Summary $38,233,388 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $7,470,103$8,700,372
I-9 Program service revenuePrior year $27,506,039$29,376,859
I-10 Investment incomePrior year $5,084$7,826
I-11 Other revenuePrior year $149,705$148,331
I-12 Total revenuePrior year $35,130,931$38,233,388
I-13 Grants and similar amounts paidPrior year $2,317,005$2,789,237
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $18,564,972$19,026,678
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $8,883,865$11,188,089
I-18 Total expensesPrior year $29,765,842$33,004,004
I-19 Revenue less expensesPrior year $5,365,089$5,229,384
Part VI · Governance 33 of 33 board members independent, 1 to look at
VI-1a Voting members of the governing body33
VI-1b Independent voting members33
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $38,233,388 across 12 lines filed
VIII-1c Fundraising events$10,900
VIII-1d Related organizations$1,946,276
VIII-1e Government grants$3,409,420
VIII-1f All other contributions, gifts and grants$3,333,776
VIII-1g Noncash contributions (included above)$86,563
VIII-1h Total contributions, gifts and grants$8,700,372
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $29,376,859$29,376,859
VIII-3 Investment incomeExcluded from tax $16,454$16,454
VIII-6 Net rental income or lossExcluded from tax $140,714$140,714
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$8,628−$8,628
VIII-8 Net income from fundraising eventsExcluded from tax $7,617$7,617
VIII-12 Total revenueRelated to mission $29,376,859 · Unrelated business $0 · Excluded from tax $156,157$38,233,388
Part IX · Statement of functional expenses $33,004,004 across 15 lines filed
IX-2 Grants to domestic individualsPrograms $2,789,237$2,789,237
IX-5 Pay of current officers, directors and key staffManagement $731,254$731,254
IX-7 Other salaries and wagesPrograms $11,501,914 · Management $3,190,103 · Fundraising $591,918$15,283,935
IX-8 Pension plan contributionsPrograms $516,525 · Management $131,945 · Fundraising $29,817$678,287
IX-9 Other employee benefitsPrograms $870,990 · Management $299,924 · Fundraising $85,550$1,256,464
IX-10 Payroll taxesPrograms $839,168 · Management $194,491 · Fundraising $43,079$1,076,738
IX-11g Other fees for servicesManagement $284,447$284,447
IX-13 Office expensesManagement $61,607$61,607
IX-14 Information technologyPrograms $556,092 · Management $78,432 · Fundraising $78,423$712,947
IX-16 OccupancyPrograms $1,534,970 · Management $118,285 · Fundraising $138,722$1,791,977
IX-17 TravelManagement $39,161$39,161
IX-22 Depreciation, depletion and amortizationPrograms $2,255,805 · Management $125,323 · Fundraising $125,323$2,506,451
IX-23 InsurancePrograms $828,672 · Management $46,037 · Fundraising $46,037$920,746
IX-24 Other expenses (24a–d)Programs $4,170,180 · Management $394,627 · Fundraising $3,149$4,567,956
IX-24e All other expensesManagement $201,362 · Fundraising $101,435$302,797
IX-25 Total functional expensesPrograms $25,863,553 · Management $5,896,998 · Fundraising $1,243,453$33,004,004
Part X · Balance sheet $70,350,338 assets, 16 lines filed
X-2 Savings and temporary cash investmentsStart of year $12,843,836$14,444,537
X-3 Pledges and grants receivableStart of year $3,996,409$2,988,262
X-4 Accounts receivableStart of year $13,786,141$14,312,108
X-8 Inventories for sale or useStart of year $87,764$59,926
X-9 Prepaid expenses and deferred chargesStart of year $1,377,499$1,134,012
X-10c Land, buildings and equipment, netStart of year $38,089,731$37,411,493
X-16 Total assetsStart of year $70,181,380$70,350,338
X-17 Accounts payable and accrued expensesStart of year $660,088$1,233,396
X-19 Deferred revenueStart of year $25,604,713$26,558,950
X-20 Tax-exempt bond liabilitiesStart of year $11,948,399$11,955,599
X-25 Other liabilitiesStart of year $1,371,799$1,267,852
X-26 Total liabilitiesStart of year $46,076,223$41,015,797
X-27 Net assets without donor restrictionsStart of year $8,517,257$12,290,404
X-28 Net assets with donor restrictionsStart of year $15,587,900$17,044,137
X-32 Total net assets or fund balancesStart of year $24,105,157$29,334,541
X-33 Total liabilities and net assetsStart of year $70,181,380$70,350,338
Part XI · Reconciliation of net assets $29,334,541 net assets at year end
XI-1 Total revenue$38,233,388
XI-2 Total expenses$33,004,004
XI-3 Revenue less expenses$5,229,384
XI-4 Net assets at start of year$24,105,157
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$29,334,541

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

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