Skip to content
Nonprofiteer
← COLLEGIATE ACADEMIES

Form 990 for tax year 2023

Filed by COLLEGIATE ACADEMIES.

Totals

Total revenue
$65,816,538
Total expenses
$66,307,640
Contributions and grants received
$64,783,420
Grants paid
$0
Program service revenue
$648,899
Investment income
$384,219
Other revenue
$0
Total assets, end of year
$24,693,410
Total liabilities, end of year
$5,579,547
Net assets or fund balances, end of year
$19,113,863
Program services expenses (Part IX)
$30,998,276
Management and general expenses
$35,309,364
Fundraising expenses
$0
Program service expenses (Part III)
$30,998,276

Program services were 46.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $63,773,745

  • 1f · All other contributions, gifts and grants

    $1,009,675

  • 2a · Program service revenue: STUDENT ACTIVITY INCOME

    total $648,899 · related or exempt $648,899

  • 3 · Investment income

    total $384,219 · excluded $384,219

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $3,002,714 · program services $1,780,457 · management and general $1,222,257

  • 7 · Other salaries and wages

    total $31,002,542 · program services $18,382,933 · management and general $12,619,609

  • 8 · Pension plan contributions

    total $887,846 · program services $526,448 · management and general $361,398

  • 9 · Other employee benefits

    total $3,516,269 · program services $2,084,969 · management and general $1,431,300

  • 10 · Payroll taxes

    total $2,481,651 · program services $1,471,493 · management and general $1,010,158

  • 11b · Fees: legal

    total $214,798 · management and general $214,798

  • 11c · Fees: accounting

    total $361,835 · management and general $361,835

  • 11g · Fees: other

    total $11,429,143 · program services $1,653,688 · management and general $9,775,455

  • 13 · Office expenses

    total $7,503,406 · program services $2,728,889 · management and general $4,774,517

  • 14 · Information technology

    total $1,356,143 · management and general $1,356,143

  • 16 · Occupancy

    total $3,029,560 · program services $1,418,504 · management and general $1,611,056

  • 17 · Travel

    total $417,121 · program services $136,776 · management and general $280,345

  • 22 · Depreciation, depletion and amortization

    total $19,121 · management and general $19,121

  • 23 · Insurance

    total $1,085,491 · program services $814,119 · management and general $271,372

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,477,112 · end of year $9,982,127

  • 3 · Pledges and grants receivable

    beginning of year $4,751,133 · end of year $4,795,848

  • 9 · Prepaid expenses and deferred charges

    beginning of year $349,950 · end of year $269,610

  • 10a · Land, buildings and equipment: cost or other basis

    $1,015,705

  • 10b · Land, buildings and equipment: accumulated depreciation

    $120,212

  • 10c · Land, buildings and equipment, net

    beginning of year $166,897 · end of year $895,493

  • 11 · Investments: publicly traded securities

    beginning of year $8,199,506 · end of year $8,529,530

  • 15 · Other assets

    beginning of year $357,209 · end of year $220,802

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,325,068 · end of year $5,358,745

  • 19 · Deferred revenue

    beginning of year $14,565

  • 25 · Other liabilities

    beginning of year $357,209 · end of year $220,802

  • 27 · Net assets without donor restrictions

    beginning of year $19,461,965 · end of year $19,113,863

  • 28 · Net assets with donor restrictions

    beginning of year $143,000 · end of year $0

Mission and programs · 2023

Mission

COLLEGIATE ACADEMIES BUILDS WORLD-CLASS PUBLIC SCHOOLS THAT PREPARE ALL STUDENTS FOR COLLEGE SUCCESS AND LIVES OF UNLIMITED OPPORTUNITY.

  • COLLEGIATE 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.

    Expenses $30,998,276 · Revenue $648,899

As filed on the 2023 return.

Listed in Part VII

  • Adam Hawf

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ann Duplessis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Douglas Finegan

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Gregory M St Etienne

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jonathan Wilson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Kevin Wilkins

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Oscar Brown

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sharonda Williams

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Stephen Rosenthal

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2

  • Terrance Lockett

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rachell Williams

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Akeem Langham

    PRINCIPAL

    Total calculated
    $125,306
    From this org
    $115,525
    From related orgs
    $0
    Other
    $9,781
    Hours/week
    40

  • Anthony McElligott

    PRINCIPAL

    Total calculated
    $140,236
    From this org
    $127,867
    From related orgs
    $0
    Other
    $12,369
    Hours/week
    40

  • Emma Donley

    SENIOR DIRECTOR OF CURRICULUM

    Total calculated
    $116,342
    From this org
    $105,965
    From related orgs
    $0
    Other
    $10,377
    Hours/week
    40

  • Davis Zaunbrecher

    CHIEF STRATEGY OFFICER

    Total calculated
    $158,142
    From this org
    $147,165
    From related orgs
    $0
    Other
    $10,977
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,165
    Bonus
    $0
    Other
    $0
    Deferred
    $4,448
    Nontaxable benefits
    $6,529
    Filer's total
    $158,142

  • Francesca Antonucci

    DIRECTOR OF STUDENT SUPPOR

    Total calculated
    $116,567
    From this org
    $106,541
    From related orgs
    $0
    Other
    $10,026
    Hours/week
    40

  • Jerel Bryant

    CEO

    Total calculated
    $251,542
    From this org
    $237,518
    From related orgs
    $0
    Other
    $14,024
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $237,518
    Bonus
    $0
    Other
    $0
    Deferred
    $7,226
    Nontaxable benefits
    $6,798
    Filer's total
    $251,542

  • Justin Pickel

    CHIEF OPERATING OFFICER

    Total calculated
    $143,615
    From this org
    $132,222
    From related orgs
    $0
    Other
    $11,393
    Hours/week
    40

  • Kelsey E Lambrecht

    PRINCIPAL

    Total calculated
    $128,203
    From this org
    $113,669
    From related orgs
    $0
    Other
    $14,534
    Hours/week
    40

  • Kristin Callahan

    DIRECTOR OF PUPIL APPRAISA

    Total calculated
    $127,345
    From this org
    $116,983
    From related orgs
    $0
    Other
    $10,362
    Hours/week
    40

  • Anne Felter

    SENIOR DIRECTOR OF DATA & TECH

    Total calculated
    $114,946
    From this org
    $104,665
    From related orgs
    $0
    Other
    $10,281
    Hours/week
    40

  • Amy Flynn

    SENIOR DIRECTOR OF TALENT

    Total calculated
    $110,281
    From this org
    $100,729
    From related orgs
    $0
    Other
    $9,552
    Hours/week
    40

  • Matthew Aidan Kelly

    CHIEF ACADEMIC OFFICER

    Total calculated
    $140,218
    From this org
    $127,010
    From related orgs
    $0
    Other
    $13,208
    Hours/week
    40

  • Sarah Hogarty

    SENIOR DIRECTOR OF ADVANCEMENT

    Total calculated
    $110,289
    From this org
    $100,474
    From related orgs
    $0
    Other
    $9,815
    Hours/week
    40

  • Rhonda Dale

    PRINCIPAL

    Total calculated
    $188,443
    From this org
    $173,349
    From related orgs
    $0
    Other
    $15,094
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,349
    Bonus
    $0
    Other
    $0
    Deferred
    $5,385
    Nontaxable benefits
    $9,709
    Filer's total
    $188,443

  • Samantha Johnson

    PRINCIPAL

    Total calculated
    $136,575
    From this org
    $126,226
    From related orgs
    $0
    Other
    $10,349
    Hours/week
    40

  • Samara Levy

    DIRECTOR OF PRINCIPAL

    Total calculated
    $122,115
    From this org
    $111,903
    From related orgs
    $0
    Other
    $10,212
    Hours/week
    40

  • Sophia Scott

    PRINCIPAL

    Total calculated
    $143,495
    From this org
    $132,578
    From related orgs
    $0
    Other
    $10,917
    Hours/week
    40

  • Soraya Verjee

    CHIEF TALENT OFFICER

    Total calculated
    $153,417
    From this org
    $139,115
    From related orgs
    $0
    Other
    $14,302
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,115
    Bonus
    $0
    Other
    $0
    Deferred
    $4,593
    Nontaxable benefits
    $9,709
    Filer's total
    $153,417

  • Stacy Martin

    PRESIDENT

    Total calculated
    $199,842
    From this org
    $183,872
    From related orgs
    $0
    Other
    $15,970
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $183,872
    Bonus
    $0
    Other
    $0
    Deferred
    $5,791
    Nontaxable benefits
    $10,179
    Filer's total
    $199,842

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
COMPENSATION 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.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
29 April 2025
IRS schema version
2023v6.0
Source object
202521279349302402

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.