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← CRESCENT CITY SCHOOLS FOUNDATION INC

Form 990 for tax year 2023

Filed by CRESCENT CITY SCHOOLS FOUNDATION INC.

Totals

Total revenue
$641,748
Total expenses
$771,640
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$3,756
Other revenue
$637,992
Total assets, end of year
$8,860,766
Total liabilities, end of year
$6,774,158
Net assets or fund balances, end of year
$2,086,608
Program services expenses (Part IX)
$353,876
Management and general expenses
$417,764
Fundraising expenses
$0
Program service expenses (Part III)
$353,876

Program services were 45.9% 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.

  • 3 · Investment income

    total $3,756 · excluded $3,756

  • 6a · Gross rents

    real property $637,992

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $637,992

  • 6d · Net rental income or loss

    total $637,992 · excluded $637,992

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $3,730 · program services $3,730

  • 11g · Fees: other

    total $31,094 · program services $31,094

  • 20 · Interest

    total $417,764 · management and general $417,764

  • 22 · Depreciation, depletion and amortization

    total $319,052 · program services $319,052

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $358,121 · end of year $194,503

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,100 · end of year $0

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

    $9,920,372

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

    $1,254,109

  • 10c · Land, buildings and equipment, net

    beginning of year $8,637,532 · end of year $8,666,263

  • 15 · Other assets

    beginning of year $550,000 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $466,096 · end of year $1,750

  • 23 · Secured mortgages and notes payable

    beginning of year $6,865,157 · end of year $6,772,408

  • 27 · Net assets without donor restrictions

    beginning of year $2,216,500 · end of year $2,086,608

Mission and programs · 2023

Mission

THE CRESCENT CITY SCHOOLS FOUNDATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF CRESCENT CITY SCHOOLS, A LOUISIANA NONPROFIT CORPORATION THAT IS EXEMPT UNDER CODE SECTION 501(C)(3).

  • THE CRESCENT CITY SCHOOLS FOUNDATION PURCHASED AND RENOVATED AN 11-ACRE PROPERTY TO CREATE A FIRST-OF-ITS-KIND MONTESSORI PUBLIC SCHOOL CAMPUS IN THE ALGIERS NEIGHBORHOOD OF NEW ORLEANS.

    Expenses $353,876

As filed on the 2023 return.

Listed in Part VII

  • Monica Landry

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Riley Kennedy

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Patrick Carrier

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

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.

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
15 May 2025
IRS schema version
2023v6.0
Source object
202541359349310309

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