First 72
- Assets
- $1.1m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 24
- Location
- New Orleans, LA
- Founding
- 04/2015
- Data as of
- 12/2021
- EIN
- 47-1833909
Organization Overview
First 72 is located in New Orleans, LA. The organization was established in 2015. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 12/2021, First 72 employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First 72 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, First 72 generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 32.8% each year . All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 41.7% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO STOP THE CYCLE OF INCARCERATION BY FOSTERING INDEPENDENCE AND SELF-SUSTAINABILITY THROUGH EDUCATION,STABLE AND SECURE HOUSING & EMPLOYMENT, HEALTH CARE, AND COMMUNITY ENGAGEMENT. THROUGH THE LEADERSHIP AND WISDOM OF FORMERLY INCARCERATED PEOPLE THEMSELVES, THE FIRST 72+ TRANSFORMS THE RE-ENTRY EXPERIENCE INTO ONE THAT BUILDS ON THE STRENGTHS AND ABILITIES OF PEOPLE RETURNING HOME FROM PRISON AND ENSURES THAT THEY, THEIR FAMILIES, AND THEIR COMMUNITIES ARE GIVEN THE GREATEST OPPORTUNITY TO GROW AND THRIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXONEREE SUPPORT SERVICES: WE PROVIDED CASE MANAGEMENT, PEER MENTORSHIP, AND DIRECT FINANCIAL ASSISTANCE TO 32 PEOPLE WHO WERE WRONGFULLY CONVICETED
MISC PROGRAMS TO SERVICE CLIENTS, INCLUDING ACCESS TO AFFORDABLE HOUSING, ECONOMIC EMPOWERMENT, LEGAL SERVICE CLINIC AND SMALL BUSINESS INCUBATOR TO NEARLY 1,200 INDIVIDUALS IN 2021
HOUSING FOR FORMELY INCARCERATED PEOPLE; WE PROVIDED FREE EMERGENCY AND TRANSITIONAL HOUSING AND SUPPORTIVE WRAP AROUND SERVICES TO APPROXIMATELY 150 PEOPLE RECENTLY RELEASED FROM JAIL AND PRISON WE ALSO FINISHED DESIGNS, SECURED CONSTRUCTION PERMITS, RAISED AN ADDITIONAL FUNDS TO BUILD A NEW TRANSITIONAL HOUSE TO ADD 8 ADDITIONAL BEDS TO OUR PROGRAM. CONSTRUCTION IS IN PROGRESS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Norris Henderson Vice Chair | Trustee | $0 | |
Jacob Mathew Board Member | Trustee | $0 | |
Kenneth Dilosa Secretary | Trustee | $0 | |
Robert Marks Treasurer | Trustee | $0 | |
Blair Boutte Chair | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $321,264 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,480,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,801,264 |
| Total Program Service Revenue | $0 |
| Investment income | $2,011 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,803,275 |
| 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. | $46,667 |
| Compensation of current officers, directors, key employees. | $46,667 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $603,479 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $78,087 |
| Payroll taxes | $51,585 |
| Fees for services: Management | $37,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,260 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $7,983 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $120,193 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,486 |
| 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 | $19,260 |
| All other expenses | $170 |
| Total functional expenses | $1,824,563 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $391,742 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $278,996 |
| Accounts receivable, net | $278,117 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,548 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,400 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $127,410 |
| Total assets | $1,081,213 |
| Accounts payable and accrued expenses | $39,518 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $101,145 |
| Other liabilities | $0 |
| Total liabilities | $140,663 |
| Net assets without donor restrictions | $399,234 |
| Net assets with donor restrictions | $541,316 |
| 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 | $1,081,213 |
Grants Awarded
Over the last fiscal year, First 72 has awarded $31,957 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
REAL GENTLEMEN BARBERSHOP LLC PURPOSE: BUSINESS START-UP COSTS | $11,234 |
GEORGE TOCA LANDSCAPING PURPOSE: BUSINESS START-UP COSTS | $10,711 |
ALL PRO MAINTENANCE SERVICES PURPOSE: BUSINESS START-UP COSTS | $5,554 |
CUSTOM OPTICAL NEW ORLEANS PURPOSE: BUSINESS START-UP COSTS | $3,458 |
New Orleans, LA PURPOSE: BUSINESS START-UP COSTS | $1,000 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that First 72 has recieved totaling $579,880.
| Awarding Organization | Amount |
|---|---|
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $408,000 |
The Greater New Orleans Foundation New Orleans, LA PURPOSE: PUBLIC/SOCIETY BENEFIT | $57,054 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $33,716 |
United Way Of Southeast Louisiana New Orleans, LA PURPOSE: GRANT FUNDING | $25,000 |
Amalgamated Charitable Foundation Inc Washington, DC PURPOSE: General operating support | $15,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $12,405 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Buckner International Dallas, TX | $12,129,357 | $21,781,250 |
Arkansas Enterprises For The Developmentally Disabled Inc Little Rock, AR | $11,004,956 | $14,277,062 |
Military Warriors Support Foundation San Antonio, TX | $26,095,499 | $9,501,589 |
Caritas Of Austin Austin, TX | $7,645,786 | $15,511,664 |
Integrity Inc Little Rock, AR | $13,609,813 | $15,573,168 |
Mission Of Mercy Inc Corpus Christi, TX | $7,577,811 | $11,960,672 |
Life Styles Inc Fayetteville, AR | $7,250,362 | $10,687,117 |
Advo Companies Inc Amarillo, TX | $2,717,648 | $8,744,385 |
Arkansas Family Supports Inc Fort Smith, AR | $6,002,199 | $9,109,380 |
Carc Inc Lake Charles, LA | $11,579,586 | $7,309,580 |
Sherwood & Myrtie Foster Home For Children Stephenville, TX | $11,331,747 | $5,786,613 |
Southwest Louisana Independence Center Inc Lake Charles, LA | $4,269,483 | $6,523,920 |