New Schools for New Orleans Inc

Overview

Mission

The mission of nsno is to achieve excellent public schools for every child in new orleans by: (1) attracting and preparing talent to teach and lead (2) launching and supporting open-enrollment public charter schools and (3) advocating for accountable (continued on schedule o) and sustainable high-quality public schools.

What it reported doing in 2023

Talent: nsno takes a leading role in coordinating solutions to the city's teacher recruitment and retention challenges.nsno was awarded a us department of education teacher incentive fund grant to promote student achievement and educator excellence in new orleans public schools. Teachers will be evaluated based on multiple observations and a measure of student achievement. These evaluations will allow school leaders and organization administrators to provide aligned support designed to enable teachers and leaders to become more effective educators. In addition, results from these evaluations will be used to determine educator eligibility for performance-based compensation systems. By championing professional (continued on sch. O) excellence with a focus on student achievement, nola tif will support the continued drive toward achieving excellent public schools for every child in new orleans. Nsno was also awarded a us department of education teacher and school leader incentrive grant to support partner schools implementing, imporving, or expanding their overall human capital management system (hcms), including a performance-based compensation system (pbcs).

Operating model

Revenue model
Donor-supported. 66% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 53% for direct work, and 47% for grants.

Nonprofit profile at a glance

EIN
020773717
IRS 990 coverage
2009–2023
Forms available
Form 990 2023
Headquarters
New Orleans, LA, USA
Phone
5042300122
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Nonmonetary Support N.E.C.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 79
  • Accountability: 95
  • Sustainability: 73
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 60.4%; rating input score 60
  • Program expense ratio: 93.7%; rating input score 94
  • Fundraising efficiency: $197.61 raised per $1 spent on fundraising; rating input score 90; 90th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 99.6%; rating input score 100; 36th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 91.7%; rating input score 92; 24th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 36.1%; rating input score 92; 92nd percentile among comparable filings
  • Total-asset coverage ratio: 1.88; rating input score 60; 60th percentile among comparable filings
  • Liabilities to assets ratio: 0.06; rating input score 82; 82nd percentile among comparable filings
  • Officer compensation ratio: 8.9%; rating input score 23; 23rd percentile among comparable filings

Growth

  • Program expense growth: -1.7% per year; rating input score 0; 7th percentile among comparable filings
  • Revenue growth: 3.3% per year; rating input score 100; 30th percentile among comparable filings
  • Asset growth: 3.4% per year; rating input score 100; 26th percentile among comparable filings

Details

  • Where the money goes: 60.4% of revenue deployed · 93.7% of spending went to programs
  • Governance: 11 of 12 board members independent · 9 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $11.8M in reported program spending
  • Leadership: top reported pay $280K · 19 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $110K reported
  • Consistency: 30 of 30 current checks pass
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 15 annual filings from 2009 to 2023
  • Contacts: How to reach this organization
  • Money network: 20 filed money-flow records
  • Related organizations: 13 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Leadership & pay

19 people listed

Highest reported compensation

  • DANA PETERSON (CEO/BOARD MEMBER): $279,643 total reported compensation
  • ALEXANDER JARRELL RESIGNED 032024 (CHIEF INNOVATION OFFICER): $167,010 total reported compensation
  • NANCIA STERLING RESIGNED 042024 (CHIEF OF SCHOOLS): $146,552 total reported compensation

Source: IRS Form 990. Selected filing: FY2023.