Entergy Charitable Foundation
- Assets
- $39.5m
- Revenue
- $3.0m
- Investments
- $6.4m
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 07/2001
- Data as of
- 12/2023
- EIN
- 71-0845366
Organization Overview
Entergy Charitable Foundation is located in New Orleans, LA. The organization was established in 2001. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Entergy Charitable 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 12/2023, Entergy Charitable Foundation generated $3.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (30.8%) each year. All expenses for the organization totaled $11.5m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENTERGY CHARITABLE FOUNDATION DOES NOT DIRECTLY ENGAGE IN CHARITABLE ACTIVITIES, BUT INSTEAD USES ITS RESOURCES TO FUND OTHER WORTHY CHARITABLE ENDEAVORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Drew Marsh Treasurer | 0 | $0 | |
Laura Landreaux Director | 0 | $0 | |
Chris Bakken Director | 0 | $0 | |
Rod K West Director | 0 | $0 | |
Marcus Brown Director | 0 | $0 | |
Haley Fisackerly Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,087,219 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,880,563 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,461 |
| Capital Gain Net Income | $10,461 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,978,243 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $41,400 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,847 |
| Total operating and administrative expenses | $52,247 |
| Contributions, gifts, grants paid | $11,496,542 |
| Total expenses and disbursements | $11,548,789 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,665,241 |
| Savings and temporary cash investments | $31,425,118 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $39,529,061 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |