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COLLEGIATE ACADEMIES: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
COLLEGIATE ACADEMIES (EIN 80-0601507)
Tax period
2023-07-01 to 2024-06-30
Filed
2025-05-07
IRS object ID
202521279349302402
Schema version
2023v6.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-05-07T13:19:41-05:00ReturnTs
Tax Period End2024-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN994625061PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CRI ADVISORS LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13850 N CAUSEWAY BLVD 1400AddressLine1Txt
CityMETAIRIECityNm
State AbbreviationLAStateAbbreviationCd
ZIP70002ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN800601507EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1COLLEGIATE ACADEMIESBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCOLLBusinessNameControlTxt
Phone5045030008PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line15552 READ BLVDAddressLine1Txt
CityNEW ORLEANSCityNm
State AbbreviationLAStateAbbreviationCd
ZIP70127ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJUSTIN PICKELPersonNm
Person TitleCHIEF OPERATING OFFICERPersonTitleTxt
Phone5045030008PhoneNum
Signature2025-04-29SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMELISSA Y DUHON CPAPreparerPersonNm
PTINP01336607PTIN
Phone5048379116PhoneNum
Preparation2025-04-29PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerSTEPHEN ROSENTHALPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line15552 READ BLVDAddressLine1Txt
CityNEW ORLEANSCityNm
State AbbreviationLAStateAbbreviationCd
ZIP70127ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$65,816,538GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressCOLLEGIATEACADEMIES.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2010FormationYr
Legal Domicile StateLALegalDomicileStateCd
Activity Or MissionCOLLEGIATE ACADEMIES BUILDS WORLD-CLASS PUBLIC SCHOOLS THAT PREPARE ALL STUDENTS FOR COLLEGE SUCCESS AND LIVES OF UNLIMITED OPPORTUNITY.ActivityOrMissionDesc
Voting Members Governing Body11VotingMembersGoverningBodyCnt
Voting Members Independent11VotingMembersIndependentCnt
Total Employee721TotalEmployeeCnt
Total Volunteers35TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$65,804,032PYContributionsGrantsAmt
CY Contributions Grants$64,783,420CYContributionsGrantsAmt
PY Program Service Revenue$567,837PYProgramServiceRevenueAmt
CY Program Service Revenue$648,899CYProgramServiceRevenueAmt
PY Investment Income$96,275PYInvestmentIncomeAmt
CY Investment Income$384,219CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$66,468,144PYTotalRevenueAmt
CY Total Revenue$65,816,538CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$37,100,796PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$40,891,022CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$23,035,435PYOtherExpensesAmt
CY Other Expenses$25,416,618CYOtherExpensesAmt
PY Total Expenses$60,136,231PYTotalExpensesAmt
CY Total Expenses$66,307,640CYTotalExpensesAmt
PY Revenues Less Expenses$6,331,913PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$491,102CYRevenuesLessExpensesAmt
Total Assets BOY$23,301,807TotalAssetsBOYAmt
Total Assets EOY$24,693,410TotalAssetsEOYAmt
Total Liabilities BOY$3,696,842TotalLiabilitiesBOYAmt
Total Liabilities EOY$5,579,547TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$19,604,965NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$19,113,863NetAssetsOrFundBalancesEOYAmt
MissionCOLLEGIATE ACADEMIES BUILDS WORLD-CLASS PUBLIC SCHOOLS THAT PREPARE ALL STUDENTS FOR COLLEGE SUCCESS AND LIVES OF UNLIMITED OPPORTUNITY.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$30,998,276ExpenseAmt
Revenue$648,899RevenueAmt
DescCOLLEGIATE ACADEMIES OPERATED SIX SCHOOLS THIS YEAR, SERVING NEARLY 3,000 PUBLIC SCHOOL STUDENTS IN NEW ORLEANS AND BATON ROUGE. OVER 98% OF GRADUATING SENIORS WERE ACCEPTED INTO A 2 OR 4 YEAR COLLEGE OR UNIVERSITY. ALL COLLEGIATE ACADEMY SCHOOLS RECEIVED A "B OR BETTER LETTER GRADE FROM THE STATE OF LOUISIANA FOR ACADEMIC PROGRESS.Desc
Total Program Service Expenses$30,998,276TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document286IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee721EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members11GoverningBodyVotingMembersCnt
Independent Voting Member11IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of Committees0MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JUSTIN PICKEL CHIEF OPERATING OFFICERBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone5045030008PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12625 THALIA STAddressLine1Txt
CityNEW ORLEANSCityNm
State AbbreviationLAStateAbbreviationCd
ZIP70122ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (30 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
ADAM HAWF
BOARD MEMBER1.00Yes (X)$0$0$0
ANN DUPLESSIS
BOARD MEMBER1.00Yes (X)$0$0$0
DOUGLAS FINEGAN
TREASURER2.00Yes (X)$0$0$0Yes (X)
GREGORY M ST ETIENNE
BOARD MEMBER2.00Yes (X)$0$0$0
JONATHAN WILSON
BOARD MEMBER2.00Yes (X)$0$0$0
KEVIN WILKINS
BOARD MEMBER1.00Yes (X)$0$0$0
OSCAR BROWN
BOARD MEMBER1.00Yes (X)$0$0$0
SHARONDA WILLIAMS
BOARD MEMBER1.00Yes (X)$0$0$0
STEPHEN ROSENTHAL
CHAIRPERSON2.00Yes (X)$0$0$0Yes (X)
TERRANCE LOCKETT
BOARD MEMBER1.00Yes (X)$0$0$0
RACHELL WILLIAMS
BOARD MEMBER1.00Yes (X)$0$0$0Yes (X)
AKEEM LANGHAM
PRINCIPAL40.00$115,525$0$9,781Yes (X)
ANTHONY MCELLIGOTT
PRINCIPAL40.00$127,867$0$12,369Yes (X)
EMMA DONLEY
SENIOR DIRECTOR OF CURRICULUM40.00$105,965$0$10,377Yes (X)
DAVIS ZAUNBRECHER
CHIEF STRATEGY OFFICER40.00$147,165$0$10,977Yes (X)
FRANCESCA ANTONUCCI
DIRECTOR OF STUDENT SUPPOR40.00$106,541$0$10,026Yes (X)
JEREL BRYANT
CEO40.00$237,518$0$14,024Yes (X)
JUSTIN PICKEL
CHIEF OPERATING OFFICER40.00$132,222$0$11,393Yes (X)
KELSEY E LAMBRECHT
PRINCIPAL40.00$113,669$0$14,534Yes (X)
KRISTIN CALLAHAN
DIRECTOR OF PUPIL APPRAISA40.00$116,983$0$10,362Yes (X)
ANNE FELTER
SENIOR DIRECTOR OF DATA & TECH40.00$104,665$0$10,281Yes (X)
AMY FLYNN
SENIOR DIRECTOR OF TALENT40.00$100,729$0$9,552Yes (X)
MATTHEW AIDAN KELLY
CHIEF ACADEMIC OFFICER40.00$127,010$0$13,208Yes (X)
SARAH HOGARTY
SENIOR DIRECTOR OF ADVANCEMENT40.00$100,474$0$9,815Yes (X)
RHONDA DALE
PRINCIPAL40.00$173,349$0$15,094Yes (X)
SAMANTHA JOHNSON
PRINCIPAL40.00$126,226$0$10,349Yes (X)
SAMARA LEVY
DIRECTOR OF PRINCIPAL40.00$111,903$0$10,212Yes (X)
SOPHIA SCOTT
PRINCIPAL40.00$132,578$0$10,917Yes (X)
SORAYA VERJEE
CHIEF TALENT OFFICER40.00$139,115$0$14,302Yes (X)
STACY MARTIN
PRESIDENT40.00$183,872$0$15,970Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$2,503,376TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$223,543TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K19IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
FIRST STUDENT INC
9432-A JOOR RDCENTRALLA70818STUDENT TRANSPORTATION$5,894,629
CHARTWELLS DINING SERVICES
PO BOX 417632BOSTONMA02241FOOD SERVICE$1,682,756
NOLA SERVICE STAR JANITORIAL
3501 WHITE OAK AVENEW ORLEANSLA70131CUSTODIAL SERVICES$1,218,277
LOUISIANA ACADEMIC HEALTH NETWORK
3218 ST CLAUDE AVENEW ORLEANSLA70117HEALTH SERVICES$496,901
CMC CORPORATE SOLUTIONS
7070 EXCHEQUER DRBATON ROUGELA70809HVAC MAINTENANCE$417,402
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K5CntrctRcvdGreaterThan100KCnt
Government Grants$63,773,745GovernmentGrantsAmt
All Other Contributions$1,009,675AllOtherContributionsAmt
Total Contributions$64,783,420TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescSTUDENT ACTIVITY INCOMEDesc
Business900099BusinessCd
Total Revenue Column$648,899TotalRevenueColumnAmt
Related Or Exempt Func Income$648,899RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$648,899TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$384,219TotalRevenueColumnAmt
Exclusion$384,219ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$65,816,538TotalRevenueColumnAmt
Related Or Exempt Func Income$648,899RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$384,219ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$3,002,714TotalAmt
Program Services$1,780,457ProgramServicesAmt
Management And General$1,222,257ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$31,002,542TotalAmt
Program Services$18,382,933ProgramServicesAmt
Management And General$12,619,609ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$887,846TotalAmt
Program Services$526,448ProgramServicesAmt
Management And General$361,398ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$3,516,269TotalAmt
Program Services$2,084,969ProgramServicesAmt
Management And General$1,431,300ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$2,481,651TotalAmt
Program Services$1,471,493ProgramServicesAmt
Management And General$1,010,158ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$214,798TotalAmt
Management And General$214,798ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$361,835TotalAmt
Management And General$361,835ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$11,429,143TotalAmt
Program Services$1,653,688ProgramServicesAmt
Management And General$9,775,455ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$7,503,406TotalAmt
Program Services$2,728,889ProgramServicesAmt
Management And General$4,774,517ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$1,356,143TotalAmt
Management And General$1,356,143ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$3,029,560TotalAmt
Program Services$1,418,504ProgramServicesAmt
Management And General$1,611,056ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$417,121TotalAmt
Program Services$136,776ProgramServicesAmt
Management And General$280,345ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$19,121TotalAmt
Management And General$19,121ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$1,085,491TotalAmt
Program Services$814,119ProgramServicesAmt
Management And General$271,372ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$66,307,640TotalAmt
Program Services$30,998,276ProgramServicesAmt
Management And General$35,309,364ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$9,477,112BOYAmt
EOY$9,982,127EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$4,751,133BOYAmt
EOY$4,795,848EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$349,950BOYAmt
EOY$269,610EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$1,015,705LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$120,212LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$166,897BOYAmt
EOY$895,493EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$8,199,506BOYAmt
EOY$8,529,530EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$357,209BOYAmt
EOY$220,802EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$23,301,807BOYAmt
EOY$24,693,410EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$3,325,068BOYAmt
EOY$5,358,745EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$14,565BOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$357,209BOYAmt
EOY$220,802EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$3,696,842BOYAmt
EOY$5,579,547EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$19,461,965BOYAmt
EOY$19,113,863EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$143,000BOYAmt
EOY$0EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$19,604,965BOYAmt
EOY$19,113,863EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$23,301,807BOYAmt
EOY$24,693,410EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss-$491,102ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$143,000NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets-$143,000OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit Committee0AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,015,705OtherCostOrOtherBasisAmt
Depreciation$120,212DepreciationAmt
Book Value$895,493BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$895,493TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
LEASE LIABILITY - CURENT$109,031
LEASE LIABILITY - LONG TERM$111,771
FieldValueIRS element (for citing)
Total Liability$220,802TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationUNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, THE ORGANIZATIONS ARE EXEMPT FROM TAXES ON INCOME OTHER THAN UNRELATED BUSINESS INCOME. THERE WAS NO UNRELATED BUSINESS INCOME FOR THE YEARS ENDED JUNE 30, 2024 AND 2023, RESPECTIVELY. THE ORGANIZATIONS UTILIZE THE ACCOUNTING REQUIREMENTS ASSOCIATED WITH UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FASB ASC 740, INCOME TAXES. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE COMBINED FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AS OF JUNE 30, 2024 AND 2023, THE ORGANIZATIONS HAVE NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE COMBINED FINANCIAL STATEMENTS.ExplanationTxt

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (1)GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, PART I, LINE 3THE ORGANIZATION PUBLICIZES ITS NONDISCRIMINATORY POLICY THROUGH ALL OF ITS STUDENT RECRUITMENT EFFORTS AND MAKES CLEAR ITS BELIEF IN OFFERING EQUAL ACCESS TO ALL STUDENTS. THE POLICY IS FURTHER COMMUNICATED THROUGH THE REGISTRATION PERIOD BY DISTRIBUTION OF OUR STUDENT AND FAMILY HANDBOOK WHICH CONTAINS THE NONDISCRIMINATORY POLICY.
SCHEDULE E, PART I, LINE 6COLLEGIATE ACADEMIES RECEIVES FEDERAL GRANTS SUCH AS TITLE 1, TITLE II, IDEA AND EDUCATION JOBS FUND.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (5 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
JEREL BRYANT
CEO$237,518$0$0$0$0$0$7,226$0$6,798$0$251,542$0$0$0
STACY MARTIN
PRESIDENT$183,872$0$0$0$0$0$5,791$0$10,179$0$199,842$0$0$0
RHONDA DALE
PRINCIPAL$173,349$0$0$0$0$0$5,385$0$9,709$0$188,443$0$0$0
DAVIS ZAUNBRECHER
CHIEF STRATEGY OFFICER$147,165$0$0$0$0$0$4,448$0$6,529$0$158,142$0$0$0
SORAYA VERJEE
CHIEF TALENT OFFICER$139,115$0$0$0$0$0$4,593$0$9,709$0$153,417$0$0$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 3FormAndLineReferenceDesc
ExplanationCOMPENSATION FOR THE SCHOOL LEADER AND OTHER TOP MANAGEMENT POSITIONS INCLUDE REVIEW BY AN INDEPENDENT PERSON; FURTHERMORE, THE COMPENSATION AMOUNT IS COMPARED TO COMPENSATION OF OTHER SCHOOL LEADERS AND TOP MANAGEMENT POSITIONS WITHIN SIMILAR ORGANIZATIONS. SUCH EMPLOYEES ARE NOT INVOLVED WITH THIS REVIEW NOR APPROVE OF THEIR OWN COMPENSATION.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6COLLEGIATE ACADEMIES IS A NON-PROFIT CORPORATION WHOSE MEMBERS ARE THE BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION A, LINE 8BCOLLEGIATE ACADEMIES DOES NOT HAVE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
FORM 990, PART VI, SECTION B, LINE 11BTHE FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS FOR REVIEW.
FORM 990, PART VI, SECTION B, LINE 12CTHE CONFLICT OF INTEREST INFORMATION IS REVIEWED ANNUALLY.
FORM 990, PART VI, SECTION B, LINE 15COMPENSATION FOR THE CEO AND OTHER TOP MANAGEMENT POSITIONS INCLUDE REVIEW BY AN INDEPENDENT PERSON; FURTHERMORE, THE COMPENSATION AMOUNT IS COMPARED TO COMPENSATION OF OTHER CEOS AND TOP MANAGEMENT POSITIONS WITHIN SIMILAR ORGANIZATIONS. SUCH EMPLOYEES ARE NOT INVOLVED WITH THIS REVIEW NOR APPROVE OF THEIR OWN COMPENSATION.
FORM 990, PART VI, SECTION C, LINE 19COLLEGIATE ACADEMIES MAKES ITS AUDITED FINANCIAL STATEMENTS, FORM 1023 AND FORM 990 AVAILABLE UPON REQUEST.
FORM 990, PART IX, LINE 11GPROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 1,136,699. MANAGEMENT AND GENERAL EXPENSES 1,432,738. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,569,437. BUS SERVICE: PROGRAM SERVICE EXPENSES 501,350. MANAGEMENT AND GENERAL EXPENSES 5,991,285. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,492,635. FOOD SERVICE: PROGRAM SERVICE EXPENSES 9,840. MANAGEMENT AND GENERAL EXPENSES 1,771,994. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,781,834. PURCHASED PROPERTY SERVICE: PROGRAM SERVICE EXPENSES 5,799. MANAGEMENT AND GENERAL EXPENSES 579,438. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 585,237.
FORM 990, PART XI, LINE 9:CHANGE IN NET ASSETS WITH DONOR RESTRICTIONS -143,000.
FORM 990 PART XII LINE 2CORGANIZATION HAS COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1FRIENDS OF COLLEGIATE ACADEMIES INCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line17301 DWYER ROADAddressLine1Txt
CityNEW ORLEANSCityNm
State AbbreviationLAStateAbbreviationCd
ZIP70126ZIPCd
FieldValueIRS element (for citing)
EIN822266447EIN
Primary ActivitiesEDUCATIONPrimaryActivitiesTxt
Legal Domicile StateLALegalDomicileStateCd
Exempt Code Section501(C)(3)ExemptCodeSectionTxt
Public Charity StatusLINE 12B, IIPublicCharityStatusTxt
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgYes (1)LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp

Other Organization Name OtherOrganizationName

FieldValueIRS element (for citing)
Business Name Line1FRIENDS OF COLLEGIATE ACADEMIES INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Transaction TypeDTransactionTypeTxt
Involved$39,835InvolvedAmt
Method Of Amount DeterminationCASH - FAIR MARKET VALUEMethodOfAmountDeterminationTxt