National Food And Beverage Foundation
- Assets
- $3.4m
- Revenue
- $423.5k
- Investments
- $0.0
- Employees
- 5
- Location
- New Orleans, LA
- Founding
- 05/2004
- Data as of
- 12/2021
- 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 12/2021, National Food And Beverage Foundation employed 5 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 12/2021, National Food And Beverage Foundation generated $423.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.3%) each year. All expenses for the organization totaled $668.4k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
IT IS THE MISSION OF THE ORGANIZATION TO PROVIDE FOOD AND DRINK TO MUSEUM PATRONS THROUGH SAMPLES, DEMONSTRATIONS AND RESTAURANT AND BAR PURCHASES. THE RESTAURANT AND BAR MENUS ARE COORDINATED WITH THE MUSEUM TO ENSURE THAT THEY REFLECT THE PRESENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MJUSEUM AND EXHIBITS - THE NATIONAL FOOD AND BEVERAGE MUSEUM IS A NONPROFIT LIVING HISTORY ORGANIZATION DEDICATED TO THE DISCOVERY, UNDERSTANDING AND CELEBRATIONS OF THE FOOD, DRINK, AND CULTURE OF THE WORLD THROUGH THE EYES OF THE SOUTH. THE MUSEUM OF THE AMERICAN COCKTAIL - THROUGH ITS TWO CENTURY HISTORY, THE COCKTAIL HAS INFLUENCED MUSIC, THEATER, ART, FILM, AND POLITICS AROUND THE WORLD. THE MUSEUM OF THE AMERICAN COCKTAIL IS A NON-PROFIT ORGAINZATION THAT CELEBRATES THIS TRUE AMERICAN CULTURAL ICON. THE MUSEUM OF THE AMERICAN COCKTAIL IS A DIVISION OF THE NATFAB INSTITUTE.
EDUCATIONAL PROGRAMS & EVENTS, TAKEN TOGETHER, ALLOW NATFAB TO CELEBRATE THE FUNDAMENTAL IMPORTANCE OF FOOD ACROSS ALL SECTORS OF SOCIETY AND THROUGHOUT OUR CULTURE. SOME OF THESE OPPORTUNITIES INCLUDE THE WEEKLY NEWSLETTER, FACEBOOK, TWITTER AND PINTRIST QUERY & LECTURE SERIES; NITTY GRITS (THE ONLINE CULUNARY DICTIONARY) AND TEH NATIONAL CULINARY HERITAGE REGISTER, AND PUBLIC AND PRIVATE DEMONSTRATIONS AND TEACHING EVENTS. STRATEGIC PARTNERSHIPS WITH TULANE UNIVERSITY, THE NEW SCHOOL, NEW YORK UNIVERSITY, LOS ANGELES PUBLIC LIBRARY, YALE UNIVERSITY AND SEVERAL OTHERS.
NATFAB CULINARY LIBRARY & ARCHIVE - THE NATIONAL FOOD AND BEVERAGE MUSEUMS VAST CULINARY LITERATURE COLLECTION IS AVAILABLE TO THE PUBLIC. THE LIBRARY CONTAINS OVER 11,000 VILUMES OF CULINARY BOOKS, FOOD AND COCKTAIL MENUS, PAMPHLETS, ARCHIVAL DOCUMENTS AND OTHER LITERATURE EPHEMERA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Hoffman 2nd Vice Chairman | OfficerTrustee | 2 | $0 |
Simone Reggie Corresponding Secretary | OfficerTrustee | 2 | $0 |
Vince Hayward 1st Vice Chairman | OfficerTrustee | 2 | $0 |
Connie Jackson Treasurer | OfficerTrustee | 2 | $0 |
Chuck Purvis At Large | OfficerTrustee | 2 | $0 |
Sheila Cyre Recording Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $339 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $148,881 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $149,220 |
| Total Program Service Revenue | $44,915 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $38,678 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $423,541 |
| 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. | $75,000 |
| Compensation of current officers, directors, key employees. | $75,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $100,336 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,677 |
| Payroll taxes | $14,090 |
| Fees for services: Management | $27,100 |
| Fees for services: Legal | $9,848 |
| Fees for services: Accounting | $19,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $89,783 |
| Advertising and promotion | $5,947 |
| Office expenses | $12,619 |
| Information technology | $8,945 |
| Royalties | $0 |
| Occupancy | $231,323 |
| Travel | $3,526 |
| 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 | $6,867 |
| All other expenses | $56,376 |
| Total functional expenses | $668,437 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $95,311 |
| Savings and temporary cash investments | $11,733 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $35,043 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $40,033 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,203,306 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,385,426 |
| Accounts payable and accrued expenses | $47,678 |
| 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 | $150,000 |
| Other liabilities | $0 |
| Total liabilities | $2,797,076 |
| Net assets without donor restrictions | $578,350 |
| 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 | $3,385,426 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that National Food And Beverage Foundation has recieved totaling $11,341.
| Awarding Organization | Amount |
|---|---|
The Greater New Orleans Foundation New Orleans, LA PURPOSE: FOOD/NUTRITION | $11,334 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $7 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National World War Ii Museum Inc New Orleans, LA | $356,423,154 | $49,812,071 |
Dallas Holocaust Museum Dallas, TX | $66,648,208 | $7,378,894 |
Alamo Trust Inc San Antonio, TX | $7,473,583 | $9,052,846 |
Lone Star Flight Museum Houston, TX | $40,810,370 | $4,057,590 |
Dallas County Historical Foundation Dallas, TX | $11,613,862 | $4,636,701 |
Bryan Texana Foundation Houston, TX | $8,461,183 | $2,408,537 |
Port Terminal Railroad Association Employee Benefit Plan Houston, TX | $666,713 | $3,214,049 |
Museum Of South Texas History Edinburg, TX | $13,050,416 | $3,078,245 |
National Wasp Wwii Museum Inc Sweetwater, TX | $6,526,024 | $2,354,607 |
Fort Bend History Association Richmond, TX | $2,253,912 | $1,581,354 |
Panhandle-Plains Historical Society Canyon, TX | $16,000,249 | $2,121,798 |
International Longshoremens Association Houston, TX | $2,403,421 | $2,322,515 |