Northshore Community Foundation
- Assets
- $35.3m
- Revenue
- $6.7m
- Investments
- $24.6m
- Employees
- 5
- Location
- Covington, LA
- Founding
- 11/2008
- Data as of
- 12/2021
- EIN
- 61-1517784
Organization Overview
Northshore Community Foundation is located in Covington, LA. The organization was established in 2008. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, Northshore Community Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northshore Community 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 12/2021, Northshore Community Foundation generated $6.7m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $3.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Northshore Community Foundation has awarded 178 individual grants totaling $5,441,178. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
UNITES RESOURCES TO ENHANCE THE QUALITY OF LIFE IN SOUTH LA'S NORTHSHORE REGION THOUGH CHARITABLE GRANTS, PROJECTS & PROGRAMS BENEFITTING THE NEEDY AND COMMUNITY AS A WHOLE.
Describe the Organization's Program Activity:
SERVING THE NORTHSORE REGION CONSISTING OF ST. HELENA, ST. TAMMANY, TANGIPAHOA, AND WASHINGTON PARISHES BY FUNDING VARIOUS AGENCIES, PROJECTS AND PROGRAMS BENEFITTING AND AIDING THE COMMUNITY AS A WHOLE, INCLUDING INVESTING IN RESOURCES, GUIDANCE AND SUPPORT OF PARTNER NON-PROFIT AGENCIES SERVING THE NORTHSHORE COMMUNITY; EMERGENCY RELIEF AND RESPONSE WORK INCLUDING BOTH COVID-19 AND NATURAL DISASTERS; DEVELOPING AND PROMOTING A REGIONAL BRAND AND PRIDE CAMPAIGN; INVESTIGATION PLATFORM FOR THE HEALTH AND WELLNESS OF THE REGION; AND CONTINUED EFFORTS TO SUPPORT THE DIVERSE PASSIONS OF OUR DONORS AND STRENGTHEN OUR COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Bonnett Bourgeois President & CEO | OfficerTrustee | 40 | $165,000 |
Lisa Wilson Chair | OfficerTrustee | 1 | $0 |
Greg Pellegrini Vice Chair | OfficerTrustee | 1 | $0 |
Danny Shaw Secretary | OfficerTrustee | 1 | $0 |
Chris Kenny Treasurer | OfficerTrustee | 1 | $0 |
Maura Donahue Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $222,762 |
| Related organizations | $325,000 |
| Government grants | $150,446 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,647,891 |
| Noncash contributions included in lines 1a–1f | $1,216,386 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,346,099 |
| Total Program Service Revenue | $0 |
| Investment income | $606,447 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $50,548 |
| Net Gain/Loss on Asset Sales | $775,658 |
| Net Income from Fundraising Events | -$53,101 |
| Net Income from Gaming Activities | $21,615 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,747,266 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,491,969 |
| Grants and other assistance to domestic individuals. | $43,725 |
| Grants and other assistance to Foreign Orgs/Individuals | $6,625 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $165,000 |
| Compensation of current officers, directors, key employees. | $49,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $202,360 |
| Pension plan accruals and contributions | $40,374 |
| Other employee benefits | $2,726 |
| Payroll taxes | $26,726 |
| Fees for services: Management | $94,335 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,852 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $107,652 |
| Fees for services: Other | $8,073 |
| Advertising and promotion | $8,137 |
| Office expenses | $25,178 |
| Information technology | $9,095 |
| Royalties | $0 |
| Occupancy | $14,312 |
| Travel | $3,344 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,674 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,363 |
| Insurance | $601 |
| All other expenses | $0 |
| Total functional expenses | $3,437,530 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $201,009 |
| Savings and temporary cash investments | $6,264,195 |
| 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 | $80,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,575 |
| Net Land, buildings, and equipment | $2,744,104 |
| Investments—publicly traded securities | $1,379,648 |
| Investments—other securities | $24,610,759 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $35,281,290 |
| Accounts payable and accrued expenses | $57,124 |
| Grants payable | $11,000 |
| Deferred revenue | $18,000 |
| 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 | $86,124 |
| Net assets without donor restrictions | $10,986,192 |
| Net assets with donor restrictions | $24,208,974 |
| 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 | $35,281,290 |
Grants Awarded
Over the last fiscal year, Northshore Community Foundation has awarded $2,185,067 in support to 67 organizations.
| Grant Recipient | Amount |
|---|---|
THE INTERNATIONAL COUNCIL OF SHOPPING CENTERS FOUNDATION INC PURPOSE: SUPPORT THE MAURIN-OGDEN TULANE TALENT INCUBATOR FUND | $50,000 |
AMERICAN HEART ASSOCIATION INC PURPOSE: GENERAL SUPPORT | $12,250 |
LEUKEMIA AND LYMPHOMA SOCIETY INC - CENTRAL (GULF COAST) PURPOSE: SUPPORT STUDENT OF THE YEAR CAMPAIGN | $11,500 |
LOUISIANA FRATERNAL ORDER OF POLICE FOUNDATION PURPOSE: GENERAL SUPPORT | $10,000 |
MARY BIRD PERKINS CANCER CENTER PURPOSE: GENERAL SUPPORT | $7,100 |
FAMILY PROMISE OF ST TAMMANY PARISH PURPOSE: GENERAL SUPPORT; SUPPORT THE CONSTRUCTION OF THE FAMILY PROMISE DAY CENTER | $211,726 |