Educate Now in New Orleans, Louisiana (LA)

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Educate Now
Employer Identification Number (EIN)263606930
Name of OrganizationEducate Now
In Care of NameLeslie R Jacobs
Address6038 St Charles Avenue, New Orleans, LA 70118-6118
SubsectionCharitable Organization, Educational Organization
Ruling Date04/2009
DeductibilityContributions are deductible
FoundationPrivate operating foundation (other)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$25,000 to $99,999
Income$100,000 to $499,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$98,549
Amount of Income$103,000
Form 990 Revenue Amount$105,056
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Alliance/Advocacy Organizations


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Amount of income in 2013: $103,000 (it was $155,000 in 2012)
Educate Now: 

 $103,000
Other organizations performing similar types of work: 

 $103,000

Assets in 2013: $98,549 (it was $94,778 in 2012)
This organization: 

 $98,549
Other organizations performing similar types of work: 

 $44,206

Expenses in 2013: $99,229
Educate Now: 

 $99,229
Other organizations performing similar types of work: 

 $99,229

Income to expenses ratio in 2013: 1.0
Educate Now: 

 1.0
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2013: 100.0%
This organization: 

 100.0%
Other organizations performing similar types of work: 

 65.2%

Financial snapshot ($)

Expenses for 2013

Analysis of Revenue and Expenses (for 2013)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$103,000$0$0
Contributions, gifts, grants, etc., received$103,000
Interest on savings and temporary cash investments$0
Dividends and interest from securities$0
Gross rents$0
Gross sales price for all assets$0
Gross profit from sales of goods$0
Other income$0
Total expenses and disbursements$99,229$0$0$99,229
Compensation of officers, directors, trustees, etc.$0
Pension plans, employee benefits$0
Legal fees$4,719
Accounting fees$2,110
Interest$0
Depreciation$0
Occupancy$0
Travel, conferences, and meetings$0
Printing and publications$0
Total operating and administrative expenses$99,229$0$99,229
Contributions, gifts, grants paid$0
Excess of revenue over expenses and disbursements$3,771
Net investment income$0
Adjusted net income$0
Balance Sheets
201120122013
Book ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market Value
Total assets$9,838$9,838$94,778$94,778$98,549$98,549
Cash - non-interest-bearing$9,838$94,778$98,549
Investments-U.S. and state government obligations$0$0$0
Investments-corporate stock$0$0$0
Investments-corporate bonds$0$0$0
Investments-mortgage loans$0$0$0
Investments-other$0$0$0
Other assets$0$0
Total liabilities$1$1$1
Mortgages and other notes payable$0$0$0
Other liabilities$0$0
Total liabilities and net assets/fund balances$9,838$94,778$98,549
Capital Gains and Losses for Tax on Investment Income
201120122013
Capital gain net income$0$0$0
Net capital loss$0$0$0
Excise Tax Based on Investment Income
201120122013
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)NoNoNo
Tax based on investment income$0$0$0
Total credits and payments$0$0$0
Any penalty for underpayment of estimated tax$0$0$0
Tax due$0$0
Overpayment$0$0
Amount to be credited to next year's estimated tax$0$0$0
Statements Regarding Activities
201120122013
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?NoNoNo
Has the foundation engaged in any activities that have not previously been reported to the IRS?NoNo
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?NoNo
Has the foundation filed a tax return on Form 990-T for this year?NoNo
Was there a liquidation, termination, dissolution, or substantial contraction during the year?NoNoNo
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?YesYes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?YesYesYes
Did any persons become substantial contributors during the tax year?YesYes
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?NoNo
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?YesYes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041NoNo
Statements Regarding Activities for Which Form 4720 May Be Required
201120122013
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?NoNoNo
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?NoNoNo
Furnish goods, services, or facilities to (or accept them from) a disqualified person?NoNoNo
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?NoNoNo
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?NoNoNo
Agree to pay money or property to a government official?NoNoNo
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?NoNo
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?NoNo
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?NoNoNo
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?NoNo
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?NoNoNo
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?NoNoNo
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?NoNoNo
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?NoNo
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?NoNoNo
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?NoNoNo
Provide a grant to an individual for travel, study, or other similar purposes?NoNoNo
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?NoNoNo
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?NoNoNo
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?NoNo
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
Minimum Investment Return
201120122013
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$8,314$23,021$53,539
Net value of noncharitable-use assets$22,676$52,736
Minimum investment return$409$1,134$2,637
Distributable Amount
201120122013
Distributable amount$0$0$0
Undistributed Income
201120122013
Distributable amount for this year$0$0$0
Undistributed income for this year. This amount must be distributed in the next year$0$0$0
Private Operating Foundations (for 2010 - 2013)
2013201220112010Total
The lesser of the adjusted net income or the minimum investment return$1$0$56$171$227
Qualifying distributions made directly for active conduct of exempt activities$99,229$69,060$100,236$175,456$443,981
Value of all assets$1$0$0$0$1
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$1,758$756$273$375$3,162
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
Supplementary Information (for 2013)
Grants approved for future payment$0
Analysis of Income-Producing Activities (for 2013)
AmountRelated or exempt function income
Program service revenue
Fees and contracts from government agencies$0$0
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$0$0
Dividends and interest from securities$0$0
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
CashNo
Other assetsNo
Other transactions:
Sales of assets to a noncharitable exempt organizationNo
Purchases of assets from a noncharitable exempt organizationNo
Rental of facilities, equipment, or other assetsNo
Reimbursement arrangementsNo
Loans or loan guaranteesNo
Performance of services or membership or fundraising solicitationsNo
Sharing of facilities, equipment, mailing lists, other assets, or paid employeesNo
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1New Schools For Baton Rouge100 Lafayette Street Second Floor, Baton Rouge, LA 70801-1201LA2012-02$4,148,459
2Louisiana School Boards Association7912 Summa Ave, Baton Rouge, LA 70809-3416LA2009-12$1,150,913
3Louisianans For Education Excellenceinc15635 Airline Highway, Baton Rouge, LA 70817LA2012-12$335,000
4Educate Now6038 St Charles Avenue, New Orleans, LA 70118-6118LA2009-04$103,000
5One Community One School DistrictPo Box14716, Baton Rouge, LA 70808LA2014-08$2,245
6Alice M Harte Parent-Teacher Organization Inc4422 General Meyer Ave, New Orleans, LA 70131LA2014-12$0
7At The Threshold Ltd15 Front Street, Mandeville, LA 70448-4569LA2007-07$0
8Buffalo Soldiers & Troopers Motorcycle Club Of Shreveport La I14 Woodfern Ln, Haughton, LA 71037LA2011-03$0
9Calcasieu Community School Advocacy Counsel IncPO BOX 667, Lake Charles, LA 70602-0667LA2011-02$0
10Christian Home Educators Fellowship Of LouisianaPO BOX 226, Maurice, LA 70555-0226LA2015-03$0
11Employee Assistance Foundation402 N Fourth Street, Baton Rouge, LA 70802LA2015-04$0
12Great Cities Universities Inc2000 Lakeshore Dr, New Orleans, LA 70148-0001LA2000-05$0
13Louisiana Children's Education Advocates4528 Bennington Ave, Baton Rouge, LA 70808LA2007-08$0
14Louisiana Children's Education Alliance4528 Bennington Ave, Baton Rouge, LA 70808LA2007-12$0
15Louisiana Middle School Association600 S Shattuck Street, Lake Charles, LA 70601LA1999-09$0
16National Black Home Educators Resource Association2707 Mchugh Road, Baker, LA 70714LA2002-04$0
17New Schools For Louisiana100 Lafayette St Fl 2, Baton Rouge, LA 70801-1201LA2015-04$0
18Power Of Public Education Lafayette2851 Johnston St Suite 198, Lafayette, LA 70503LA2014-11$0
19Star Hill Community Change Center1400 N Foster Dr, Baton Rouge, LA 70806-1817LA2015-04$0
20Wilson Global Initiative600 Wooddale Blvd Apt 201, Baton Rouge, LA 70806LA2014-11$0
Number of organizations performing similar types of work
Alaska4
Alabama10
Arkansas10
Arizona12
California77
Colorado19
Connecticut8
District of Columbia25
Delaware3
Florida63
Georgia20
Hawaii5
Iowa3
Idaho7
Illinois26
Indiana11
Kansas6
Kentucky6
Louisiana21
Massachusetts18
Maryland16
Maine1
Michigan14
Minnesota15
Missouri13
Mississippi4
Montana2
North Carolina11
North Dakota1
Nebraska2
New Hampshire5
New Jersey18
New Mexico4
Nevada4
New York31
Ohio24
Oklahoma4
Oregon13
Pennsylvania20
Rhode Island2
South Carolina9
South Dakota2
Tennessee9
Texas45
Utah4
Virginia21
Vermont3
Washington23
Wisconsin14
West Virginia4
Wyoming1
International1
Total694

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