St Bernard Project Inc
- Assets
- $39.3m
- Revenue
- $35.3m
- Investments
- $3.9m
- Employees
- 295
- Location
- New Orleans, LA
- Founding
- 05/2008
- Data as of
- 12/2023
- EIN
- 26-2189665
Organization Overview
St Bernard Project Inc, operating under the name Sbp Inc, is located in New Orleans, LA. The organization was established in 2008. According to its NTEE Classification (M20) the organization is classified as: Disaster Preparedness & Relief Services, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. As of 12/2023, Sbp Inc employed 295 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sbp Inc 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, Sbp Inc generated $35.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $35.8m during the year ending 12/2023. While expenses have increased by 10.9% per year over the past 9 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 2016, Sbp Inc has awarded 116 individual grants totaling $14,476,569. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SHRINKING TIME BETWEEN DISASTER AND RECOVERY BY CREATING HOUSING OPPORTUNITIES SO THAT DISASTER SURVIVORS CAN RETURN TO THEIR HOMES AND COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REBUILDING PROGRAM - REBUILD HOMES FOR SENIOR CITIZENS, PEOPLE WITH DISABILITIES AND FAMILIES WITH CHILDREN WHO CANNOT AFFORD TO HAVE THEIR HOMES REBUILT BY CONTRACTORS. THE ORGANIZATION HAS CURRENTLY REBUILT APPROXIMATELY 574 HOMES.
OPPORTUNITY HOUSING - CREATE AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES FOR RESIDENTS TARGETED BETWEEN 50% AND 80%, BUT UP TO 120%, OF ANNUAL MEDIAN INCOME, WHILE REHABILITATING BLIGHTED PROPERTIES AND STRENGTHENING NEIGHBORHOODS.
DISASTER RECOVERY LAB - ENSURE THAT DISASTER-IMPACTED CITIZENS AND COMMUNITIES RECOVER IN A PROMPT, EFFICIENT AND PREDICTABLE MANNER. THROUGH DISASTER RECOVERY LAB, ST. BERNARD PROJECT WORKS TO SHARE LESSONS LEARNED, PREVENT COMMON BARRIERS TO RECOVERY AND HELP COMMUNITIES UTILIZE ST. BERNARD PROJECT'S STANDARDIZED, REPEATABLE AND PROVEN-EFFECTIVE MODEL FOR RECOVERY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zack Rosenburg Chief Executive Officer | OfficerTrustee | 40 | $319,146 |
Jacqueline Alexander JD Board Secretary | OfficerTrustee | 1 | $0 |
John Solon CPA Board Treasurer | OfficerTrustee | 1 | $0 |
Elie Khoury Board Member | Trustee | 1 | $0 |
Courtenay Laroche Board Member | Trustee | 1 | $0 |
Francis Bouchard Board Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dsw Homes Llc Construction | 12/30/23 | $2,816,034 |
Arch-con Construction Construction | 12/30/23 | $1,305,507 |
Brizo Construction Llc Construction | 12/30/23 | $1,141,125 |
G6 Development Company Construction | 12/30/23 | $1,114,301 |
Housing Development Alliance Construction | 12/30/23 | $726,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,492,293 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,688,105 |
| Noncash contributions included in lines 1a–1f | $531,967 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,180,398 |
| Total Program Service Revenue | $2,852,914 |
| Investment income | $476,991 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $54,949 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $35,263,900 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,705,582 |
| 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. | $1,351,274 |
| Compensation of current officers, directors, key employees. | $194,597 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,927,822 |
| Pension plan accruals and contributions | $92,760 |
| Other employee benefits | $887,038 |
| Payroll taxes | $769,537 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,825,773 |
| Advertising and promotion | $103,343 |
| Office expenses | $122,855 |
| Information technology | $67,930 |
| Royalties | $0 |
| Occupancy | $758,753 |
| Travel | $737,063 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,496 |
| Interest | $8,600 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $83,611 |
| Insurance | $595,319 |
| All other expenses | $296,271 |
| Total functional expenses | $35,750,927 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,293,718 |
| Savings and temporary cash investments | $7,945,241 |
| Pledges and grants receivable | $2,735,329 |
| Accounts receivable, net | $2,683,313 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,347,770 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $274,058 |
| Net Land, buildings, and equipment | $2,036,093 |
| Investments—publicly traded securities | $7,689,889 |
| Investments—other securities | $3,948,612 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,381,644 |
| Total assets | $39,335,667 |
| Accounts payable and accrued expenses | $1,439,002 |
| Grants payable | $0 |
| Deferred revenue | $3,707,807 |
| 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 | $1,779,422 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $97,538 |
| Total liabilities | $7,023,769 |
| Net assets without donor restrictions | $29,317,526 |
| Net assets with donor restrictions | $2,994,372 |
| 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 | $39,335,667 |
Grants Awarded
Over the last fiscal year, St Bernard Project Inc has awarded $2,985,874 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
ATTACK POVERTY PURPOSE: HOME REPAIR/BUILDING FOR THE ECONOMICALLY DISADVANTAGED | $54,100 |
APPALACHIA SERVICE PROJECT INC PURPOSE: HOME REPAIR/BUILDING FOR THE ECONOMICALLY DISADVANTAGED | $620,000 |
NORTH FLORIDA INLAND LTR PURPOSE: HOME REPAIR/BUILDING FOR THE ECONOMICALLY DISADVANTAGED | $25,000 |
HEALTHY GULF PURPOSE: HOME REPAIR/BUILDING FOR THE ECONOMICALLY DISADVANTAGED | $57,000 |
HOUSING DEVELOPMENT ALLIANCE PURPOSE: HOME REPAIR/BUILDING FOR THE ECONOMICALLY DISADVANTAGED | $725,000 |
EAST ST TAMMANY HABITAT FOR HUMANITY INC PURPOSE: HOME REPAIR/BUILDING FOR THE ECONOMICALLY DISADVANTAGED | $23,400 |