Broadmoor Improvement Association Incorporated
- Assets
- $368.6k
- Revenue
- $370.2k
- Investments
- $0.0
- Employees
- 13
- Location
- New Orleans, LA
- Founding
- 10/1972
- Data as of
- 12/2023
- EIN
- 23-7219506
Organization Overview
Broadmoor Improvement Association Incorporated is located in New Orleans, LA. The organization was established in 1972. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Broadmoor Improvement Association Incorporated employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Broadmoor Improvement Association Incorporated 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 12/2023, Broadmoor Improvement Association Incorporated generated $370.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $411.3k during the year ending 12/2023. While expenses have increased by 3.3% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE BROADMOOR IMPROVEMENT ASSOCIATION EXISTS FOR THE CIVIC, SOCIAL AND CULTURAL IMPROVEMENT OF THE INHABITANTS OF THE BROADMOOR NEIGHBORHOOD IN NEW ORLEANS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION SUPPORTS AND MANAGES 3 INSTITUTIONS WITHIN AN 8 BLOCK AREA IN THE BROADMOOR AREA OF NEW ORLEANS. THESE INCLUDE THE KELLER COMMUNITY CENTER, THE BROADMOOR ARTS AND WELLNESS CENTER LIBRARY AND THE KELLER LIBRARY. EACH OF THESE ENTITIES PROVIDES RESOURCES FOR EDUCATION, RECREATION, CULTURE HEALTH AND INDIVIDUAL DEVELOPMENT OVER AN ENTIRE LIFETIME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin Boone President | OfficerTrustee | 2 | $0 |
Tim Traycott Vice President | Trustee | 1 | $0 |
Erica Peterson Secretary | Trustee | 1 | $0 |
Cait Gladlow Member | Trustee | 1 | $0 |
Kimberly Woodard Member | Trustee | 1 | $0 |
Nyia Pulliam Member | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,300 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $32,658 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,958 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $72,859 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $12,191 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $370,228 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $258,245 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $21,468 |
| Payroll taxes | $22,427 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,859 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,958 |
| Advertising and promotion | $0 |
| Office expenses | $44,041 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,255 |
| Travel | $0 |
| 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 | $4,473 |
| All other expenses | $0 |
| Total functional expenses | $411,326 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $141 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $116,490 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $199,047 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $28,427 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,513 |
| Total assets | $368,618 |
| Accounts payable and accrued expenses | $48,647 |
| 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 | $141,567 |
| Other liabilities | $44,852 |
| Total liabilities | $235,066 |
| Net assets without donor restrictions | $133,004 |
| Net assets with donor restrictions | $548 |
| 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 | $368,618 |