NEW SCHOOLS FOR NEW ORLEANS INC

EIN: 020773717 501(c)(3) Education

NEW ORLEANS, LA

Total Revenue
$19,752,135
Total Expenses
$12,622,020
Total Assets
$23,689,928
Net Assets
$22,254,135
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
LA
Principal Officer
DANA PETERSON
Phone
5042300122
Tax Period
2023-10-01 to 2024-09-30

NEW SCHOOLS FOR NEW ORLEANS INC, founded in 2006, is a mid-sized nonprofit in the Education sector that reported $19.8M in total revenue in fiscal year 2023. The organization ran a surplus of $7.1M, a strong 36% operating margin.

Mission

THE MISSION OF NSNO IS TO ACHIEVE EXCELLENT PUBLIC SCHOOLS FOR EVERY CHILD IN (SEE SCHEDULE O) NEW ORLEANS BY ATTRACTING AND PREPARING TALENT TO TEACH AND LEAD, LAUNCHING AND SUPPORTING OPEN-ENROLLMENT PUBLIC CHARTER SCHOOLS, AND ADVOCATING FOR ACCOUNTABLE AND SUSTAINABLE HIGH-QUALITY PUBLIC SCHOOLS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $19,367,302
Program Service Revenue $122,900
Investment Income $256,211
Other Revenue $5,722
TOTAL REVENUE $19,752,135

Expense Breakdown

Grants Paid $5,512,908
Salaries & Benefits $2,875,504
Fundraising Expenses $98,009
Program Expenses $11,820,567
Other Expenses $4,233,608
TOTAL EXPENSES $12,622,020

Year-over-Year Comparison

2023 2022 Change
Revenue $19,752,135 $18,994,154 +0.0%
Expenses $12,622,020 $15,104,946 -0.2%
Net Income $7,130,115 $3,889,208 +0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
11
Employees
26
Volunteers
12

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$397,890
Total Directors
14
$397,890
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHEN W HALES MD CHAIR 5.00
Officer Director
$0 $0 $0
CHRISTINE L JORDAN BOARD MEMBER 3.00
Director
$0 $0 $0
SARAH NEWELL USDIN BOARD MEMBER 3.00
Director
$0 $0 $0
ERIKA MCCONDUIT VICE CHAIR 5.00
Officer Director
$0 $0 $0
WALTER ISAACSON BOARD MEMBER 3.00
Director
$0 $0 $0
STEPHEN ROSENTHAL TREASURER 5.00
Officer Director
$0 $0 $0
PATRICK DOBARD BOARD MEMBER 3.00
Director
$0 $0 $0
TYRONNE WALKER BOARD MEMBER 3.00
Director
$0 $0 $0
WALT LEGER BOARD MEMBER 3.00
Director
$0 $0 $0
JOHN WHITE BOARD MEMBER 3.00
Director
$0 $0 $0
ALEXINA MEDLEY BOARD MEMBER 3.00
Director
$0 $0 $0
DANA PETERSON CEO/BOARD MEMBER 43.00
Officer Director
$246,964 $32,679 $279,643
TIFFANY DELCOUR CHIEF OF OPERATIONS 40.00
Officer Director
$109,452 $8,795 $118,247
ANNE BANOS BOARD MEMBER 3.00
Director
$0 $0 $0
ALEXANDER JARRELL RESIGNED 032024 CHIEF INNOVATION OFFICER 40.00
Highest
$147,313 $19,697 $167,010
NANCIA STERLING RESIGNED 042024 CHIEF OF SCHOOLS 40.00
Highest
$131,238 $15,314 $146,552
LAURA HAWKINS CHIEF OF STRATEGIC ADVANCE 40.00
Highest
$131,501 $9,909 $141,410
HOLLY REID CHIEF OF PORTFOLIO AND POL 40.00
Highest
$125,235 $15,448 $140,683
LAUREN BAIN EXECUTIVE DIRECTOR OF TEACHER PIPELINES 40.00
Highest
$116,146 $8,656 $124,802
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $19,752,135 $12,622,020 $23,689,928 $7,130,115
2023 $18,994,154 $15,104,946 $17,859,073 $3,889,208
2022 $15,215,212 $13,251,393 $13,954,302 $1,963,819
2021 $13,527,972 $13,271,694 $13,416,454 $256,278
2020 $12,942,129 $13,660,138 $14,028,815 $-718,009
2019 $15,178,060 $10,367,141 $11,654,901 $4,810,919
2018 $11,358,542 $13,186,581 $9,936,795 $-1,828,039
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