Bayou District Foundation
- Assets
- $2.6m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 143
- Location
- New Orleans, LA
- Founding
- 01/2009
- Data as of
- 12/2022
- EIN
- 26-0833850
Organization Overview
Bayou District Foundation is located in New Orleans, LA. The organization was established in 2009. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2022, Bayou District Foundation employed 143 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bayou District 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 12/2022, Bayou District Foundation generated $2.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $2.2m during the year ending 12/2022. While expenses have increased by 5.8% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
BAYOU DISTRICT FOUNDATION'S MISSION IS TO RAISE FUNDS TO FACILITATE THE RECONSTRUCTION OF THE NEIGHBORHOOD AND INFRASTRUCTURE OF THE FORMER ST. BERNARD HOUSING PROJECT DAMAGED BY HURRICANE KATRINA AND TO HELP ITS RESIDENTS BREAK THEIR CYCLE OF POVERTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BAYOU DISTRICT FOUNDATION ("BDF") WORKS TO REVITALIZE THE FORMER ST. BERNARD HOUSING PROJECT, THE LOW-INCOME HOUSING THAT WAS DESTROYED BY HURRICANE KATRINA, AND THE SURROUNDING NEIGHBORHOOD. BDF'S MISSION IS TO RAISE FUNDS TO FACILITATE THE RECONSTRUCTION OF THE NEIGHBORHOOD AND ITS INFRASTRUCTURE. IT HAS ENCOURAGED THE CONSTRUCTION OF MIXED-INCOME HOUSING, HIGH QUALITY SCHOOLS, WORKFORCE TRAINING, AND THE REDEVELOPMENT OF RECREATIONAL FACILITIES IN CITY PARK. BY FUNDING THESE PROJECTS BDF HOPES TO REVITALIZE THE COMMUNITY SO THAT RESIDENTS CAN RETURN TO A THRIVING NEIGHBORHOOD AND ENJOY A HIGH QUALITY OF LIFE, WHICH WILL HELP BREAK THEIR CYCLE OF POVERTY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerard W Barousse Jr Chairman | OfficerTrustee | 35 | $0 |
Mike Rodrigue Director | OfficerTrustee | 2 | $0 |
Gary Solomon Sr Director | OfficerTrustee | 2 | $0 |
Greg Bensel Director | OfficerTrustee | 2 | $0 |
Nolan Marshall Jr Director, Advisory Board Chair | OfficerTrustee | 2 | $0 |
Cindy Howson Weinmann Director | OfficerTrustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
F H Myers Construction Corp Construction | 12/30/17 | $2,078,943 |
Broadmoor Construction | 12/30/17 | $1,746,925 |
Waggoner & Ball Architects Architectural Services | 12/30/17 | $536,563 |
Rotolo Consultants Landscaping | 12/30/17 | $140,145 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $13,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $898,087 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $911,087 |
| Total Program Service Revenue | $1,729,774 |
| Investment income | $3,033 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $40,325 |
| Net Income from Fundraising Events | -$19,159 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,666,706 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,100 |
| 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. | $80,019 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,649,962 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $143,520 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,503 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,164 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,110 |
| Information technology | $9,182 |
| Royalties | $0 |
| Occupancy | $17,340 |
| Travel | $7,980 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $112,591 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,715 |
| Insurance | $3,898 |
| All other expenses | $2,120 |
| Total functional expenses | $2,199,758 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,541,458 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $784,099 |
| Accounts receivable, net | $91,350 |
| 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 | $135 |
| Net Land, buildings, and equipment | $125,941 |
| Investments—publicly traded securities | $4,098 |
| Investments—other securities | $0 |
| Investments—program-related | $86,508 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,633,589 |
| Accounts payable and accrued expenses | $9,870 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,045,022 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,607,564 |
| Unsecured mortgages and notes payable | $1,991,080 |
| Other liabilities | $328,391 |
| Total liabilities | $4,981,927 |
| Net assets without donor restrictions | -$3,235,172 |
| Net assets with donor restrictions | $886,834 |
| 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 | $2,633,589 |
Grants Awarded
Over the last fiscal year, Bayou District Foundation has awarded $50,100 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
EDUCARE PURPOSE: FUNDS FOR OPERATING EXPENSES. | $15,100 |
ROOTS OF MUSIC EARLY MUSIC EDUCATION PURPOSE: FUNDS FOR OPERATING EXPENSES | $35,000 |