Community Academies of New Orleans Inc

Nonprofit profile at a glance

EIN
842902432
IRS 990 coverage
2019–2024
Forms available
Form 990 2024
Location
New Orleans, LA, USA
Phone
5048617957
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Primary, Elementary Schools

Official website

Reported finances

Revenue
$14,933,661
Expenses
$16,387,440
Assets
$6,505,999
Liabilities
$527,212

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • MYRIALIS KING (CHIEF EXECUTIVE OFFICER)

Highest reported compensation

  • MYRIALIS KING (CHIEF EXECUTIVE OFFICER): $238,720 total reported compensation
  • NICOLE SAULNY (CHIEF OF SCHOOLS OFFICER): $164,236 total reported compensation
  • KEEANYA CHENIER (CHIEF FINANCIAL OFFICER (7/24-2/25)): $162,189 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Community academies' mission is to cultivate schools that nurture students' character and critical thinking ability in responsive learning environments, thereby equipping them to be impactful community leaders.

What it reported doing in 2024

Community academies of new orleans, inc. Was incorporated on august 14, 2019, to bring together esperanza charter school and foundation preparatory charter school with the ultimate goal of strengthening both schools, while also maintaining their unique cultures and communities. These two schools share a commitment to serving all students in our diverse new orleans community, a foundational principle upon which the organization was founded. Esperanza charter school is a public charter school located at 9330 forshey street in new orleans. It has approximately 500 students in kindergarten through 8th grade. Each student is provided with a school program enriched by fine arts,(continued on schedule o) technology, and athletics. The overall student to teacher ratio is 9 to 1.foundation preparatory is a public charter school located at 3121 st. Bernard ave. In new orleans. It has approximately 250 students in kindergarten through 8th grade. Each student is provided with a school program enriched by fine arts, technology, and athletics. The overall student to teacher ratio is 9 to 1.the organization effectively ceased operating lafayette academy charter school as of june 30, 2024

Operating model

Revenue model
Grant-funded. 96% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 63
  • Transparency & Controls: 70
  • Accountability: 100
  • Sustainability: 24
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 72.7%; rating input score 73
  • Program expense ratio: 66%; rating input score 66
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th 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: -9.7%; rating input score 10; 10th percentile among comparable filings
  • Total-asset coverage ratio: 0.4; rating input score 11; 11th percentile among comparable filings
  • Liabilities to assets ratio: 0.08; rating input score 77; 77th percentile among comparable filings
  • Officer compensation ratio: 4.2%; rating input score 58; 58th percentile among comparable filings

Growth

  • Program expense growth: 17.7% per year; rating input score 100; 87th percentile among comparable filings
  • Revenue growth: 12.3% per year; rating input score 100; 81st percentile among comparable filings
  • Asset growth: 21.9% per year; rating input score 100; 91st percentile among comparable filings

Details

  • Where the money goes: 72.7% of revenue deployed · 66% of spending went to programs
  • Governance: 9 of 9 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $10.8M in reported program spending
  • Leadership: top reported pay $239K · 13 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $1.9M reported
  • Consistency: 26 of 26 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 6 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 10/100.
  • High — Sustainability: Total-asset coverage ratio scored 11/100.
  • Review — Sustainability: Officer compensation ratio scored 58/100.