Benola Inc

EIN: 821126823 501(c)(3) Education

New Orleans, LA

Total Revenue
$522,571
Total Expenses
$994,002
Total Assets
$468,966
Net Assets
$439,299
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
LA
Phone
5048123487
Tax Period
2024-01-01 to 2024-12-31

Benola Inc, founded in 2017, is a small nonprofit in the Education sector that reported $523K in total revenue in fiscal year 2024. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $994K exceeded revenue, resulting in a 90% operating deficit.

Mission

The mission of BE NOLA is to ignite the Black Brilliance that exists throughout schools and neighborhoods to ensure Black children thrive. To achieve this we: Research and codify the innovations and strengths of New Orleans Black educators, schools, and families Provide resources and professional development to Black educators and Black-led, Black-governed schools to exemplify quality Black education Convene and mobilize Black parents, educators and community partners to demand support for pedagogies, policies and practices that support quality Black education and whole child well-being Empower the larger public to know the past, acknowledge the present and demand the future of Black Brilliance in New Orleans

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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 (2024)

Revenue Breakdown

Contributions & Grants $521,648
Program Service Revenue $0
Investment Income $0
Other Revenue $923
TOTAL REVENUE $522,571

Expense Breakdown

Grants Paid $29,650
Salaries & Benefits $319,713
Fundraising Expenses $104,987
Program Expenses $513,534
Other Expenses $548,639
TOTAL EXPENSES $994,002

Year-over-Year Comparison

2024 2023 Change
Revenue $522,571 $939,487 -0.4%
Expenses $994,002 $937,036 +0.1%
Net Income $-471,431 $2,451 -193.3%
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
10
Independent Members
9
Employees
4
Volunteers
10

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
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ashana Bigardf Director 1.00
Director
$0 $0 $0
Dr Margarret Montgomery-Richard Director 2.00
Director
$0 $0 $0
Bishop Tom B Watson Director 0.00
Director
$0 $0 $0
Adrinda Kelly Executive Dir. 50.00
Director
$0 $0 $0
Lona Edwards Hankins Director 2.00
Director
$0 $0 $0
Gina Bell Director 1.00
Director
$0 $0 $0
Dr Jeff Benjamin Director 1.00
Director
$0 $0 $0
Okyeame Haley JD LLM Director 1.00
Director
$0 $0 $0
Tale Lockett Director 1.00
Director
$0 $0 $0
Mischell Davis Director 1.00
Director
$0 $0 $0
Avione Brown Pichon Director 1.00
Director
$0 $0 $0
Thelma French Treasurer 2.00
Officer
$0 $0 $0
Darryl Kilbert Vice President 2.00
Officer
$0 $0 $0
Stacy Martin Secretary 0.00
Officer
$0 $0 $0
Jonathan Wilson President 0.00
Officer
$0 $0 $0
Bill Rouselle Director 1.00
Officer
$0 $0 $0
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 $522,571 $994,002 $468,966 $-471,431
2023 $939,487 $937,036 $859,792 $2,451
2022 $705,842 $823,567 $786,258 $-117,725
2021 $773,560 $650,132 $939,421 $123,428
2020 $653,484 $597,850 $761,164 $55,634
2019 $837,443 $622,151 $684,263 $215,292
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