THE LOUISE S MCGEHEE SCHOOL

EIN: 720408943 501(c)(3)

NEW ORLEANS, LA

Total Revenue
$17,924,429
Total Expenses
$15,158,074
Total Assets
$31,206,362
Net Assets
$19,076,574
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1912
Legal Domicile
LA
Principal Officer
CATHERINE ACOMB RICHARDSO
Phone
5045611224
Tax Period
2023-07-01 to 2024-06-30

THE LOUISE S MCGEHEE SCHOOL, founded in 1912, is a mid-sized nonprofit that reported $17.9M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.8M, a strong 15% operating margin.

Mission

THE LOUISE S. MCGEHEE SCHOOL PROVIDES EACH GIRL WITH THE FOUNDATION TO REALIZE HER INDIVIDUAL POTENTIAL THROUGH A RIGOROUS ACADEMIC EDUCATION GUIDED BY HONOR, SERVICE AND LEADERSHIP. IN THIS DYNAMIC, INCLUSIVE COMMUNITY, STUDENTS DEVELOP LIFELONG LEARNING SKILLS THROUGH THE USE OF CRITICAL AND ETHICAL THINKING.

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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 $1,979,808
Program Service Revenue $13,456,999
Investment Income $48,323
Other Revenue $2,439,299
TOTAL REVENUE $17,924,429

Expense Breakdown

Grants Paid $1,071,934
Salaries & Benefits $9,283,737
Fundraising Expenses $750,384
Program Expenses $10,322,035
Other Expenses $4,802,403
TOTAL EXPENSES $15,158,074

Year-over-Year Comparison

2023 2022 Change
Revenue $17,924,429 $15,266,831 +0.2%
Expenses $15,158,074 $14,389,353 +0.1%
Net Income $2,766,355 $877,478 +2.2%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
22
Independent Members
22
Employees
255
Volunteers
97

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
$368,209
Total Directors
22
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HANNAH DIETSCH BOARD CHAIR 1.00
Officer Director
$0 $0 $0
HARRIET MUFFIN BALART TRUSTEE 1.00
Director
$0 $0 $0
ADELAIDE WISDOM BENJAMIN TRUSTEE 1.00
Director
$0 $0 $0
CHARLEE WILLIAMSON BOARD VICE-CHAIR 1.00
Officer Director
$0 $0 $0
BONITA ROBERTSON-HARDY TRUSTEE 1.00
Director
$0 $0 $0
GEORGE YOUNG TRUSTEE 1.00
Director
$0 $0 $0
ELISE MERLIN TRUSTEE 1.00
Director
$0 $0 $0
MARGO PHELPS SECRETARY 1.00
Officer Director
$0 $0 $0
CATHERINE ACOMB RICHARDSON TREASURER 1.00
Officer Director
$0 $0 $0
KAYE COURINGTON TRUSTEE 1.00
Director
$0 $0 $0
BEN DUPUY TRUSTEE 1.00
Director
$0 $0 $0
JEN KITNER TRUSTEE 1.00
Director
$0 $0 $0
CARTER JAHNCKE PERRILLIAT ALUMNAE REPRESENTATIVE 1.00
Director
$0 $0 $0
KIM O'BRIEN PARENTS LEAGUE REPRESENTAT 1.00
Director
$0 $0 $0
BETSY NALTY TRUSTEE 1.00
Director
$0 $0 $0
AYAME DINKLER TRUSTEE 1.00
Director
$0 $0 $0
LAUREN DOUSSAN TRUSTEE 1.00
Director
$0 $0 $0
CRES GARDNER TRUSTEE 1.00
Director
$0 $0 $0
ANNE KOCK TRUSTEE 1.00
Director
$0 $0 $0
MARIE SHANNON MONROE TRUSTEE 1.00
Director
$0 $0 $0
LAURA SHAW SHIELDS TRUSTEE 1.00
Director
$0 $0 $0
SALVADOR SUAU TRUSTEE 1.00
Director
$0 $0 $0
KIMBERLY FIELD-MARVIN HEADMISTRESS 40.00
Officer
$347,988 $20,221 $368,209
DAVID MARTIN DIRECTOR OF FACILITIES 40.00
Highest
$102,069 $0 $102,069
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 $17,924,429 $15,158,074 $31,206,362 $2,766,355
2023 $15,266,831 $14,389,353 $29,395,644 $877,478
2022 $15,252,868 $14,257,742 $27,422,961 $995,126
2021 $15,451,562 $13,003,766 $28,614,181 $2,447,796
2020 $13,666,364 $12,494,076 $25,066,820 $1,172,288
2019 $12,710,974 $12,600,855 $22,048,150 $110,119
2018 $13,369,340 $13,200,583 $22,188,838 $168,757
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