New Orleans Hispanic Heritage Foundation Inc
- Assets
- $851.3k
- Revenue
- $305.4k
- Investments
- $0.0
- Employees
- 1
- Location
- New Orleans, LA
- Founding
- 06/1991
- Data as of
- 12/2023
- EIN
- 58-1881913
Organization Overview
New Orleans Hispanic Heritage Foundation Inc is located in New Orleans, LA. The organization was established in 1991. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, 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. New Orleans Hispanic Heritage Foundation 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 12/2023, New Orleans Hispanic Heritage Foundation Inc generated $305.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 10.0% each year. All expenses for the organization totaled $193.1k during the year ending 12/2023. While expenses have increased by 4.8% per year over the past 9 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.
Since 2014, New Orleans Hispanic Heritage Foundation Inc has awarded 57 individual grants totaling $521,450. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE NEW ORLEANS HISPANIC HERITAGE FOUNDATION IS A NON-PROFIT ORGANIZATION DEDICATED TO SUPPORTING AND SHOWCASING THE HISPANIC CHARACTER, CULTURE, CUSTOMS AND VALUES IN THE NEW ORLEANS AREA. ONE OF OUR KEY EFFORTS IS TO PROVIDE SCHOLARSHIP OPPORTUNITIES TO TALENTED AREA HIGH SCHOOL AND UNIVERSITY STUDENTS WHO MAY BENEFIT FROM FINANCIAL ASSISTANCE IN ORDER TO CONTINUE THEIR EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS TO HIGH SCHOOL STUDENTS IN NEW ORLEANS, LOUISIANA BENEFITTING 32 STUDENTS AT 12 DIFFERENT AREA HIGH SCHOOLS.
SCHOLARSHIPS TO UNIVERSITY STUDENTS, BENEFITTING 29 STUDENTS AT 18 DIFFERENT SCHOOLS.
SUPPORT OF HISPANIC HERITAGE CULTUTAL AND ORGANIZATION PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alex Gershanik Vice President,scholarship | OfficerTrustee | 1.5 | $0 |
Blanca Rosa Maldonado Board Member | Trustee | 1.5 | $0 |
Stephen Estrada Board Member | Trustee | 1.5 | $0 |
Carolina Thompson-Trapani Board Member | Trustee | 1.5 | $0 |
Elena Del Valle Countiss Board Member | Trustee | 1.5 | $0 |
George J Fowler III Vice President, Developmen | OfficerTrustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $85,000 |
| Related organizations | $0 |
| Government grants | $70,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $109,643 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $264,643 |
| Total Program Service Revenue | $0 |
| Investment income | $696 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $40,081 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $305,420 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $106,600 |
| 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. | $59,198 |
| Compensation of current officers, directors, key employees. | $19,735 |
| 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 | $2,680 |
| Office expenses | $665 |
| 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 | $10,813 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $193,081 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500,596 |
| Savings and temporary cash investments | $347,034 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,700 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $851,330 |
| Accounts payable and accrued expenses | $11,802 |
| 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 | $11,802 |
| Net assets without donor restrictions | $839,528 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $851,330 |
Grants Awarded
Over the last fiscal year, New Orleans Hispanic Heritage Foundation Inc has awarded $62,700 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
JESUIT HIGH SCHOOL PURPOSE: SCHOLARSHIPS | $5,500 |
LOUISIANA STATE UNIVERSITY PURPOSE: SCHOLARSHIPS | $14,400 |
LOYOLA UNIVERSITY NEW ORLEANS PURPOSE: SCHOLARSHIPS | $7,200 |
UNIVERSITY OF NEW ORLEANS PURPOSE: SCHOLARSHIPS | $16,200 |
ACADEMY OF OUR LADY PURPOSE: SCHOLARSHIPS | $9,900 |
DE LA SALLE HIGH SCHOOL PURPOSE: SCHOLARSHIPS | $9,500 |