National Food And Beverage Foundation
- Assets
- $3.4m
- Revenue
- $604.4k
- Investments
- $0.0
- Employees
- 7
- Location
- New Orleans, LA
- Founding
- 05/2004
- Data as of
- 12/2022
- EIN
- 33-1081281
Organization Overview
National Food And Beverage Foundation is located in New Orleans, LA. The organization was established in 2004. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, National Food And Beverage Foundation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Food And Beverage 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, National Food And Beverage Foundation generated $604.4k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $894.5k during the year ending 12/2022. While expenses have increased by 10.5% per year over the past 5 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
THE NATIONAL FOOD & BEVERAGE FOUNDATION IS A NONPROFIT EDUCATIONAL AND CULTURAL ORGANIZATION BASED IN NEW ORLEANS DEDICATED TO THE DISCOVERY, UNDERSTANDING AND CELEBRATION OF FOOD, DRINK AND ITS RELATED CULTURE AND FOLKLIFE IN AMERICA AND THE WORLD. ITS PRIMARY ACTIVITY IS TO PROVIDE EXHIBITS AND PROGRAMMING TO THE GENERAL PUBLIC WHICH ILLUMINATE THE HISTORY AND UNDERSTANDING OF FOOD AND DRINK CULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSEUM AND EXHIBITS: THE NATIONAL FOOD & BEVERAGE FOUNDATION HAS CREATED EXHIBITS INSIDE THE SOUTHERN FOOD & BEVERAGE MUSEUM, A MUSEUM AT THE SOFAB RESEARCH CENTER AT NUNEZ COMMUNITY COLLEGE, AND HAS COLLABORATED WITH A NEW MUSEUM IN BEAUFORT, SC ON ITS FOODSEUM EXHIBIT. THESE EXHIBITS ILLUSTRATE THE CULTURAL FOODWAYS OF THE AMERICAS BY REFLECTING ON HOW THE GEOGRAPHY, THE PEOPLES, AND THE TIMES AFFECT THE FOOD WE EAT.
PROGRAMMING: THE NATIONAL FOOD & BEVERAGE FOUNDATION HAS HELD WEEKLY PROGRAMMING FOR THE GENERAL PUBLIC THROUGHOUT THE YEAR. THE PROGRAMMING IS IN THE FORM OF CLASSES, DEMONSTRATIONS, AND LECTURES.
RESEARCH CENTER: THE NATIONAL FOOD & BEVERAGE FOUNDATION OPERATES A RESEARCH CENTER WITH 40,000 VOLUMES, ARCHIVE, AND MATERIAL CULTURE RESOURCES. THE RESEARCH CENTER IS OPEN TO THE PUBLIC AND OFFERS AN ONLINE CATALOG. IT IS VISITED BY SCHOLARS, JOURNALISTS, AUTHORS, CHEFS, STUDENTS AND THE GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brent Rosen President/ceo | Officer | 50 | $75,871 |
Edward Johnston Chairman | OfficerTrustee | 2 | $0 |
Vince Hayward 1st Vice Chairman | OfficerTrustee | 2 | $0 |
Sheila Crye Secretary | OfficerTrustee | 2 | $0 |
Constance Jackson Treasurer/interim CEO | OfficerTrustee | 2 | $0 |
Chuck Purvis At-Large | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $420 |
| Fundraising events | $26,000 |
| Related organizations | $0 |
| Government grants | $95,894 |
| All other contributions, gifts, grants, and similar amounts not included above | $53,714 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $176,028 |
| Total Program Service Revenue | $397,986 |
| Investment income | $1,409 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,770 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $13,183 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $604,376 |
| 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. | $75,871 |
| Compensation of current officers, directors, key employees. | $53,110 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $129,032 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,450 |
| Payroll taxes | $16,073 |
| Fees for services: Management | $32,000 |
| Fees for services: Legal | $575 |
| Fees for services: Accounting | $30,096 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,818 |
| Advertising and promotion | $9,836 |
| Office expenses | $24,450 |
| Information technology | $5,379 |
| Royalties | $0 |
| Occupancy | $227,515 |
| Travel | $3,766 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $150 |
| Interest | $2,134 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,015 |
| Insurance | $19,339 |
| All other expenses | $105,355 |
| Total functional expenses | $894,509 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,306 |
| Savings and temporary cash investments | $99,480 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,703 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $40,112 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,206,656 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,370,257 |
| Accounts payable and accrued expenses | $68,920 |
| 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 | $2,599,398 |
| Unsecured mortgages and notes payable | $500,000 |
| Other liabilities | $0 |
| Total liabilities | $3,168,318 |
| Net assets without donor restrictions | $191,939 |
| Net assets with donor restrictions | $10,000 |
| 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 | $3,370,257 |