New Orleans Culinary And Hospitality Institute Inc
- Assets
- $19.1m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 53
- Location
- New Orleans, LA
- Founding
- 08/2014
- Data as of
- 12/2022
- 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 12/2022, New Orleans Culinary And Hospitality Institute Inc employed 53 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 12/2022, New Orleans Culinary And Hospitality Institute Inc generated $4.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 72.6% each year . All expenses for the organization totaled $4.2m during the year ending 12/2022. While expenses have increased by 16.4% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
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 2022, 42 STUDENTS GRADUATED FROM THE CULINARY & BAKING AND PASTRY ARTS CERTIFICATE PROGRAM, AND AN ADDITIONAL 19 WERE ENROLLED AND SCHEDULED TO GRADUATE MARCH 2023.
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.
PUMP (PATHWAYS TO UPWARD MOBILITY), A PROGRAM MEANT TO ELEVATE CAREERS IN THE HOSPITALITY INDUSTRY FOR THE BIPOC (BLACK, INDIGENOUS, AND PEOPLE OF COLOR) GRADUATED ITS INAUGURAL COHORT IN EARLY OCTOBER, AFTER A DELAYED START DUE TO HURRICANE IDA. PARTICIPATION IS FREE AND THE LAUNCH WAS FUNDED WITH A GRANT FROM DIAGEO NORTH AMERICA. THE PROGRAM IS DESIGNED TO ALLOW INDIVIDUALS TO CONTINUE WORKING WHILE PARTICIPATING AND WILL TRACK SUCCESS OF INDIVIDUALS ONCE THEY COMPLETE THE PROGRAM WHILE PROVIDING ONGOING MENTORSHIP AND RESOURCES. DURING 2022, 45 BIPOC STUDENTS WERE ENROLLED IN THE CERTIFICATE PROGRAM.NOCHI HOSTED SEVERAL CONTINUING EDUCATION PROGRAMS INCLUDING THE NOCHI WINE PROFESSIONAL PROGRAM, DESIGNED TO TEACH HOSPITALITY PROFESSIONALS OF ALL LEVELS WINE PROFICIENCY WITH A 21-HOUR CERTIFICATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret Beer Director | Trustee | 5 | $0 |
Ralph Dickie Brennan Jr Director | Trustee | 5 | $0 |
George Brower II Director | Trustee | 5 | $0 |
Edgar Chase Director | Trustee | 5 | $0 |
Deborah Elam Director | Trustee | 5 | $0 |
Ted George Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $214,947 |
| Related organizations | $1,052,195 |
| Government grants | $50,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,309,593 |
| Noncash contributions included in lines 1a–1f | $557,276 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,626,735 |
| Total Program Service Revenue | $1,041,930 |
| Investment income | $7,777 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $455,141 |
| Net Gain/Loss on Asset Sales | $40,258 |
| Net Income from Fundraising Events | -$14,049 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,680 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,161,067 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $203,706 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $195,527 |
| Compensation of current officers, directors, key employees. | $86,602 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $389,302 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $107,431 |
| Payroll taxes | $52,271 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,892 |
| Fees for services: Accounting | $83,245 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $71,934 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,045 |
| Advertising and promotion | $135,894 |
| Office expenses | $87,321 |
| Information technology | $73,141 |
| Royalties | $0 |
| Occupancy | $2,036,931 |
| Travel | $9,788 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,573 |
| Interest | $186,161 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $49,173 |
| Insurance | $707 |
| All other expenses | $0 |
| Total functional expenses | $4,202,700 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $337,889 |
| Savings and temporary cash investments | $1,010 |
| Pledges and grants receivable | $1,297,009 |
| Accounts receivable, net | $321,947 |
| 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 | $35,210 |
| Net Land, buildings, and equipment | $117,422 |
| Investments—publicly traded securities | $161,723 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,507,100 |
| Total assets | $19,060,810 |
| Accounts payable and accrued expenses | $240,990 |
| Grants payable | $0 |
| Deferred revenue | $233,215 |
| 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 | $3,343,324 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,664,475 |
| Total liabilities | $6,482,004 |
| Net assets without donor restrictions | $10,815,753 |
| Net assets with donor restrictions | $1,763,053 |
| 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 | $19,060,810 |