THE FRIENDS OF KING SCHOOL

EIN: 510619611 501(c)(3) Education

NEW ORLEANS, LA

Total Revenue
$12,777,518
Total Expenses
$13,299,265
Total Assets
$3,598,053
Net Assets
$2,502,506
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
LA
Principal Officer
RODNEY LILLEY
Phone
5049402243
Tax Period
2023-07-01 to 2024-06-30

THE FRIENDS OF KING SCHOOL, founded in 2005, is a mid-sized nonprofit in the Education sector that reported $12.8M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year.

Mission

TO CREATE AND MAINTAIN AN ORDERLY, TRUSTING ENVIRONMENT WHERE TEACHING AND LEARNING ARE INNOVATIVE AND EXCITING, WHERE STUDENTS ARE TAUGHT TO READ, WRITE, COMPUTE, AND THINK CRITICALLY ACCORDING TO THEIR FULLEST POTENTIAL.

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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 $12,696,433
Program Service Revenue $0
Investment Income $10,102
Other Revenue $70,983
TOTAL REVENUE $12,777,518

Expense Breakdown

Grants Paid $0
Salaries & Benefits $9,751,300
Fundraising Expenses $0
Program Expenses $10,207,799
Other Expenses $3,547,965
TOTAL EXPENSES $13,299,265

Year-over-Year Comparison

2023 2022 Change
Revenue $12,777,518 $14,563,374 -0.1%
Expenses $13,299,265 $14,202,681 -0.1%
Net Income $-521,747 $360,693 -2.4%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
186
Volunteers
14

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
4
$338,307
Total Directors
6
$0
Key Employees
1
$220,749
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR EARTHA LEE JOHNSON PRESIDENT 2.00
Officer Director
$0 $0 $0
GEORGE RABB TREASURER 2.00
Officer Director
$0 $0 $0
BOBBIE BRENT-CORNISH BOARD MEMBER 2.00
Director
$0 $0 $0
HASHAWN CHENEAU BOARD MEMBER 2.00
Director
$0 $0 $0
PAMELA WOODS BOARD MEMBER 2.00
Director
$0 $0 $0
DIAN JOHNSON BOARD MEMBER 2.00
Director
$0 $0 $0
VELTA SIMMS CHIEF EXECUTIVE OFFICER 40.00
Officer
$179,410 $537 $179,947
RODNEY LILLEY CHIEF FINANCIAL OFFICER 40.00
Officer
$138,614 $19,746 $158,360
DR DORIS R HICKS CHIEF ACADEMIC OFFICER 40.00
Key Emp
$207,594 $13,155 $220,749
MONIQUE COOK PRINCIPAL 2.00
Highest
$105,325 $16,992 $122,317
JAMES MACK PRINCIPAL 2.00
Highest
$111,273 $17,837 $129,110
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
2025 No data No data No data No data
2024 $12,777,518 $13,299,265 $3,598,053 $-521,747
2023 $14,563,374 $14,202,681 $4,231,854 $360,693
2022 $13,398,632 $13,409,766 $4,027,022 $-11,134
2021 $9,680,665 $13,029,832 $5,901,929 $-3,349,167
2020 $13,368,007 $15,059,992 $9,570,317 $-1,691,985
2019 $15,511,590 $15,572,252 $8,328,522 $-60,662
2018 $14,486,133 $14,454,987 $8,694,680 $31,146
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