New Orleans Culinary And Hospitality Institute Inc
- Assets
- $17.5m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 42
- Location
- New Orleans, LA
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 46-3311280
Organization Overview
New Orleans Culinary And Hospitality Institute Inc is located in New Orleans, LA. The organization was established in 2014. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2021, New Orleans Culinary And Hospitality Institute Inc employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Orleans Culinary And Hospitality Institute 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 12/2021, New Orleans Culinary And Hospitality Institute Inc generated $4.8m in total revenue. All expenses for the organization totaled $3.4m during the year ending 12/2021. While expenses have increased by 15.5% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE WORLD-CLASS CULINARY AND HOSPITALITY FACILITIES, PROGRAMS, AND RESEARCH THAT DRIVE WORKFORCE AND ECONOMIC DEVELOPMENT FOR THE NEW ORLEANS REGION.
Describe the Organization's Program Activity:
NEW ORLEANS CULINARY & HOSPITALITY INSTITUTE, INC OPERATES AS A WORLD-CLASS, POST-SECONDARY VOCATIONAL SCHOOL FOR THE CULINARY AND HOSPITALITY INDUSTRY, WITH INSTRUCTIONAL FACILITIES THAT INCLUDE TWO CULINARY LABS, TWO BAKING AND PASTRY LABS, A BEVERAGE LAB, A DINING LAB, A FOOD SCIENCE AND SENSORY LAB, AND GENERAL CLASSROOM SPACES.THE ORGANIZATION OFFERS TWO CERTIFICATE PROGRAMS IN THE CULINARY FIELD THAT COMPRISE THE PRIMARY PROGRAM SERVICES. GRADUATES OF THE NOCHI CULINARY ARTS CERTIFICATE AND NOCHI BAKING AND PASTRY ARTS CERTIFICATE PROGRAMS ARE EXPECTED TO LEARN THE BASIC FOUNDATIONAL SKILLS THAT ARE CRITICAL TO A PRODUCTION-ORIENTED PROFESSIONAL COOK OR BAKER. THE FACILITIES ALSO INCLUDE A SPACE FOR PRIVATE EVENTS, WHICH IS INTENDED TO GENERATE REVENUE FOR THE SCHOOL AND PROVIDE THE OPPORTUNITY FOR EXPERIENTIAL LEARNING FOR FUTURE STUDENTS. DURING 2021, 30 STUDENTS GRADUATED FROM THE CULINARY & BAKING AND PASTRY ARTS CERTIFICATE PROGRAM.NOCHI HOSTED FIVE STUDENTS FOR SERVSAFE TRAINING IN NOVEMBER AND 15 STUDENTS FOR A KNIFE CARE CONTINUING EDUCATION CLASS IN OCTOBER 2021.
REAL ESTATE DEVELOPMENT - TO PARTICIPATE IN THE ACQUISITION AND CONSTRUCTION BY NOCHI REAL ESTATE OF A WORLD-CLASS, POST-SECONDARY VOCATIONAL SCHOOL FOR THE CULINARY AND HOSPITALITY INDUSTRY AS PART OF A NEW MARKETS TAX CREDIT TRANSACTION.
THE ORGANIZATION PARTNERED WITH WORLD CENTRAL KITCHEN TO PROVIDED DISASTER RELIEF DUE TO HURRICANE IDA. BY USING NOCHI'S KITCHENS, WORLD CENTRAL KITCHEN WAS ABLE TO PROVIDE OVER 25,000 MEALS A DAY TO MORE THAN 100 LOCATIONS IN NEW ORLEANS AND NEIGHBORING COMMUNITIES. THIS PROGRAM RAN UNTIL OCTOBER 2021 WHEN NOCHI'S IN-PERSON CLASSES RESUMED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leah Sarris Executive Director | Officer | 40 | $129,698 |
Fitzpatrick S Nedd Director Of Finance (thru 03/2021) | Officer | 40 | $30,810 |
Ashley Christensen Director Of Finance | Officer | 40 | $30,750 |
Adelaide Ti Martin Chair | OfficerTrustee | 1 | $0 |
Richard Brennan Jr Vice Chair | OfficerTrustee | 1 | $0 |
Liz Boulware Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,026,937 |
| Government grants | $277,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,208,142 |
| Noncash contributions included in lines 1a–1f | $1,017,902 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,512,479 |
| Total Program Service Revenue | $808,029 |
| Investment income | $75 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $451,844 |
| Net Gain/Loss on Asset Sales | $2,968 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,790 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,779,662 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $72,383 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $200,995 |
| Compensation of current officers, directors, key employees. | $99,351 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $77,495 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $59,892 |
| Payroll taxes | $52,849 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,705 |
| Fees for services: Accounting | $88,828 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $40,723 |
| Fees for services: Investment Management | $22,000 |
| Fees for services: Other | $35,467 |
| Advertising and promotion | $47,325 |
| Office expenses | $34,482 |
| Information technology | $49,258 |
| Royalties | $0 |
| Occupancy | $2,095,017 |
| Travel | $942 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,928 |
| Interest | $152,755 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,353 |
| Insurance | $37,226 |
| All other expenses | $0 |
| Total functional expenses | $3,413,373 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $468,023 |
| Savings and temporary cash investments | $6,935 |
| Pledges and grants receivable | $1,836,961 |
| Accounts receivable, net | $160,177 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $13,281,500 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $26,815 |
| Net Land, buildings, and equipment | $145,745 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,547,720 |
| Total assets | $17,473,876 |
| Accounts payable and accrued expenses | $178,999 |
| Grants payable | $0 |
| Deferred revenue | $151,562 |
| 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 | $4,197,920 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $245,338 |
| Total liabilities | $4,773,819 |
| Net assets without donor restrictions | $10,732,966 |
| Net assets with donor restrictions | $1,967,091 |
| 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 | $17,473,876 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that New Orleans Culinary And Hospitality Institute Inc has recieved totaling $386,547.
| Awarding Organization | Amount |
|---|---|
Republic National Distributing Company Foundation Inc Atlanta, GA PURPOSE: COMMUNITY SERVICE | $200,000 |
The Greater New Orleans Foundation New Orleans, LA PURPOSE: FOOD/NUTRITION | $135,537 |
Emeril Lagasse Foundation New Orleans, LA PURPOSE: CULINARY AND NUTRITION EDUCATION | $25,000 |
Ifma Educational Foundation Chicago, IL PURPOSE: PROGRAM SUPPORT | $25,000 |
Shlenker Family Foundation New Orleans, LA PURPOSE: GENERAL | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $10 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Genesys Works Group Return Houston, TX | $10,607,341 | $22,553,959 |
Families & Children Together Inc El Dorado, AR | $3,440,326 | $10,725,537 |
Vilcap Inc Houston, TX | $5,374,554 | $9,179,521 |
Kleinheinz Family Foundation For The Arts And Education Fort Worth, TX | $0 | $13,876,382 |
My Possibilities Plano, TX | $35,881,798 | $10,188,118 |
Brent House Corporation New Orleans, LA | $2,513,163 | $4,974,916 |
Alternative Building Concepts Group Garland, TX | $15,770,911 | $6,819,117 |
Sheltering Harbour Houston, TX | $3,221,749 | $5,825,428 |
Pwa Coalition Of Dallas Inc Dallas, TX | $14,827,763 | $6,751,009 |
Girl Scouts - Diamonds Of Arkansas Oklahoma And Texas Little Rock, AR | $7,427,624 | $5,269,296 |
The Riley Foundation Meridian, MS | $106,706,164 | $2,375,468 |
Holiday Hill Inc Coleman, TX | $4,001,459 | $4,560,121 |