Ronnie Kole Foundation
- Assets
- $7.8k
- Revenue
- $40.3k
- Investments
- $0.0
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 06/2005
- Data as of
- 08/2020
- EIN
- 56-2391119
Organization Overview
Ronnie Kole Foundation is located in New Orleans, LA. The organization was established in 2005. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ronnie Kole 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 08/2020, Ronnie Kole Foundation generated $40.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.1%) each year. All expenses for the organization totaled $44.6k during the year ending 08/2020. As we would expect to see with falling revenues, expenses have declined by (9.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Ronnie Kole Foundation has awarded 11 individual grants totaling $314,699. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
RAISE FUNDS FOR VARIOUS CHARITIES USING NET RECEIPTS FROM ANNUAL "JAZZ ON THE BAYOU" EVENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS DONATED TO STARC (ST. TAMMANY ASSOCIATION OF RETARDED CITIZENS), WHICH IS A NON-PROFIT ORGANIZATION COMMITTED TO PROVIDING SERVICES & SUPPORT SYSTEMS THAT ENABLE INDIVIDUALS WITH DISABILITIES TO REACH THEIR POTENTIAL AS INDEPENDENT CONTRIBUTING MEMBERS OF SOCIETY
FUNDS DONATED TO EASTER SEALS LOUISIANA, WHICH IS A NON-PROFIT COMMUNITY- BASED HEALTH AGENCY WHOSE MISSION IS TO HELP CHILDREN AND ADULTS WITH DISABILITIES ACHIEVE INDEPENDENCE THROUGH A VARIETY OF PROGRAMS & SERVICES
FUNDS DONATED TO SAFE HARBOR TO HELP MEET ITS MISSION OF SERVING WOMEN AND CHILDREN WHO ARE VICTIMS OF DOMESTIC ABUSE
FUNDS DONATED TO TAMMANY TRACE AND THE CITY OF SLIDELL ARTS TO HELP MEET THEIR RESPECTIVE CHARITABLE MISSIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gardner Kole Secretary | OfficerTrustee | $0 | |
Ronnie Kole President | OfficerTrustee | $0 | |
Elizabeth Schneider Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,000 |
| 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 | $5,302 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $40,302 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $44,638 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,786 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,786 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $7,786 |
Grants Awarded
Over the last fiscal year, Ronnie Kole Foundation has awarded $39,600 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Slidell, LA PURPOSE: MENTALLY CHALLENGED | $26,400 |
New Orleans, LA PURPOSE: DISABLED | $13,200 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ronnie Kole Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Ochsner Clinic Foundation New Orleans, LA PURPOSE: CONTRIBUTION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Van Cliburn Foundation Inc Fort Worth, TX | $13,509,302 | $8,934,359 |
Harmony House Inc Houston, TX | $6,531,706 | $4,533,772 |
Da Camera Society Of Texas Houston, TX | $2,874,881 | $2,444,470 |
Warrior Notes Destrehan, LA | $6,531,153 | $6,740,480 |
New Orleans Musicians Assistancefoundation New Orleans, LA | $2,625,519 | $1,960,903 |
Kerrville Folk Festival Foundation Inc Kerrville, TX | $1,558,540 | $1,646,197 |
Midland Odessa Symphony And Chorale Inc Midland, TX | $4,668,029 | $1,189,263 |
Roots Of Music Inc New Orleans, LA | $598,901 | $932,201 |
Youth Choirs Inc San Antonio, TX | $451,626 | $533,478 |
Choristers Guild Dallas, TX | $699,058 | $929,253 |
American Festival For The Arts Houston, TX | $549,941 | $638,713 |
Ars Lyrica Houston Houston, TX | $439,280 | $669,131 |