Louisiana Hospitality Foundation
- Assets
- $792.7k
- Revenue
- $600.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Metairie, LA
- Founding
- 07/2006
- Data as of
- 12/2021
- EIN
- 20-4728582
Organization Overview
Louisiana Hospitality Foundation is located in Metairie, LA. The organization was established in 2006. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louisiana Hospitality Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Louisiana Hospitality Foundation generated $600.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $490.5k during the year ending 12/2021. While expenses have increased by 8.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Louisiana Hospitality Foundation has awarded 34 individual grants totaling $545,474. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO STRENGTHEN LOUISIANA'S HOSPITALITY INDUSTRY THROUGH SUPPORT OF INDIVIDUALS WITHIN THE COMMUNITY. WE DO THIS BY SUPPORTING HOSPITALITY WORKFORCE DEVELOPMENT PROGRAMS, PROVIDING ACCESS TO CULINARY AND HOSPITALITY EDUCATION, ENSURING A POSITIVE PERCEPTION OF THE HOSPITALITY INDUSTRY, AND PROVIDING FINANCIAL ASSISTANCE TO PEOPLE IN THE HOSPITALITY INDUSTRY DURING TIMES OF CRISIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BECAUSE HOSPITALITY WORKERS ARE SO IMPORTANT, TWO WAYS THE FOUNDATION PROVIDES SUPPORT ARE GIVING GRANTS TO INDUSTRY EDUCATION AND WORKFORCE DEVELOPMENT PROGRAMS AND GRANTS TO HOSPITALITY WORKERS DURING TIMES OF FINANCIAL CRISIS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Albert Nicaud At-Large | OfficerTrustee | 3 | $0 |
Eddie Renton Treasurer | OfficerTrustee | 3 | $0 |
David A Blitch President | OfficerTrustee | 3 | $0 |
Randy Stein Secretary | OfficerTrustee | 3 | $0 |
Tommy Cvitanovich At-Large | OfficerTrustee | 3 | $0 |
Tony Abadie 2nd Vice President | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $91,128 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $455,364 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $546,492 |
| Total Program Service Revenue | $0 |
| Investment income | $185 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $54,016 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $600,693 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $68,644 |
| Grants and other assistance to domestic individuals. | $185,853 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $70,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,723 |
| Payroll taxes | $6,121 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,448 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $92,511 |
| Advertising and promotion | $2,153 |
| Office expenses | $27,048 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,685 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,119 |
| All other expenses | $0 |
| Total functional expenses | $490,499 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $792,674 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $792,674 |
| Accounts payable and accrued expenses | $6,671 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $19,200 |
| Other liabilities | $0 |
| Total liabilities | $25,871 |
| Net assets without donor restrictions | $523,527 |
| Net assets with donor restrictions | $243,276 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $792,674 |
Grants Awarded
Over the last fiscal year, Louisiana Hospitality Foundation has awarded $23,293 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Metairie, LA PURPOSE: CULINARY/HOSPITALITY EDUCATION | $10,000 |
Baton Rouge, LA PURPOSE: CULINARY/HOSPITALITY EDUCATION | $8,293 |
GENDUSA'S ITALIAN MARKET PURPOSE: ASSISTANCE FOR BUSINESS FIRE RELIEF | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Louisiana Hospitality Foundation has recieved totaling $156,039.
| Awarding Organization | Amount |
|---|---|
Association For Specialty Coffee Irvine, CA PURPOSE: Grant for assistance for small coffee shop owners & baristas subsequent to Hurricane Ida. | $100,000 |
Fairfield Countys Community Foundation Inc Norwalk, CT PURPOSE: FOR GENERAL SUPPORT. | $40,000 |
United Way Of Southeast Louisiana New Orleans, LA PURPOSE: GRANT FUNDING & DESIGNATED GIFTS | $9,577 |
The Greater New Orleans Foundation New Orleans, LA PURPOSE: YOUTH DEVELOPMENT | $6,462 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jasper Ridge Charitable Fund Fort Worth, TX | $1,059,804,391 | $51,342,189 |
W W Caruth Jr Foundation Dallas, TX | $444,705,321 | $32,925,098 |
Dallas Center For The Performing Arts Foundation Inc Dallas, TX | $209,822,251 | $21,963,048 |
Houston Parks Board Houston, TX | $62,239,000 | $18,357,527 |
Fossil Foundation Richardson, TX | $2,468,423 | $514,916 |
Pratham Usa Houston, TX | $25,223,728 | $25,510,214 |
Lsu Health Sciences Foundation In Shreveport Shreveport, LA | $312,345,482 | $53,948,217 |
Amarillo Area Foundation Inc Amarillo, TX | $153,231,166 | $11,027,021 |
University Of North Texas Foundation Inc Denton, TX | $307,856,436 | $18,135,985 |
Soi Dog Houston, TX | $2,898,470 | $10,171,466 |
The Livestrong Foundation Austin, TX | $32,201,486 | $2,234,840 |
Adopt A Platoon San Benito, TX | $2,311,218 | $7,326,430 |