Entergy Charitable Foundation
- Assets
- $10.7m
- Revenue
- $2.7m
- Investments
- $6.8m
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 07/2001
- Data as of
- 12/2021
- 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 12/2021, Entergy Charitable Foundation generated $2.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (25.9%) each year. All expenses for the organization totaled $6.3m during the year ending 12/2021. 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
2021
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 |
|---|---|---|---|
Mike Twomey President | 0 | $0 | |
Drew Marsh Treasurer | 0 | $0 | |
Laura Landreaux Director | 0 | $0 | |
Chris Bakken Director | 0 | $0 | |
Rod K West Director | 0 | $0 | |
Phillip May Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $564,794 |
| Interest on Savings | $0 |
| Dividends & Interest | $131,719 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,001,273 |
| Capital Gain Net Income | $1,934,332 |
| Net ST Capital Gain | $66,941 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,697,786 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $28,600 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,749 |
| Total operating and administrative expenses | $39,349 |
| Contributions, gifts, grants paid | $6,220,546 |
| Total expenses and disbursements | $6,259,895 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,114,336 |
| Savings and temporary cash investments | $2,767,167 |
| 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 | $10,718,766 |
| 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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hildebrand Foundation Houston, TX | $114,322,883 | $23,614,226 |
Carl A Davis And Lois E Davis Foundation Houston, TX | $0 | $544,470 |
Blue Cross & Blue Shield Of Mississippi Foundation Flowood, MS | $119,611,651 | $5,854,084 |
Hirsch Family Foundation Dallas, TX | $52,981,348 | $34,969,949 |
Entergy Charitable Foundation New Orleans, LA | $10,718,766 | $2,697,786 |
Smith Family Foundation Austin, TX | $2,063,167 | $8,401,265 |
Nancy Smith Hurd Foundation Tr San Antonio, TX | $73,883,656 | $7,181,888 |
Santander Consumer Usa Inc Foundation Dallas, TX | $61,196,374 | $60,000,000 |
Hal & Charlie Peterson Foundation Kerrville, TX | $63,600,144 | $3,895,944 |
Boone Family Foundation Dallas, TX | $0 | $1,805,045 |
William A Brookshire Foundation Lakeway, TX | $44,188,133 | $14,237,408 |
Musk Foundation Austin, TX | $0 | $61,287,799 |