Greater New Orleans Inc
- Assets
- $2.0m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 18
- Location
- New Orleans, LA
- Founding
- 10/1942
- Data as of
- 12/2021
- EIN
- 72-0272090
Organization Overview
Greater New Orleans Inc is located in New Orleans, LA. The organization was established in 1942. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Greater New Orleans Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater New Orleans Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Greater New Orleans Inc generated $4.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $4.4m during the year ending 12/2021. While expenses have increased by 0.3% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO SERVE AS THE CATALYST FOR WEALTH CREATION IN THE 10 PARISH REGION OF SOUTHEASTERN LOUISIANA. GNO, INC. WILL ACCOMPLISH THIS BY PURSUING AN AGGRESSIVE AGENDA OF BUSINESS DEVELOPMENT MARKETING THE REGION AND PRODUCT DEVELOPMENT IMPROVING REGIONAL BUSINESS CONDITIONS THROUGH POLICY, WORKFORCE, AND RESEARCH INITIATIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REGIONAL PUBLIC POLICY ACTIVITIES: WORKS WITH THE STATE AND LOCAL GOVERNMENTS TO CREATE A MORE FAVORABLE BUSINESS CLIMATE AND ELIMINATE IMPEDIMENTS OF BUSINESS EXPANSION.
REGIONAL WORKFORCE DEVELOPMENT ACTIVITES: FOSTERS WORKFORCE DEVELOPMENT AND COORDINATES LOCAL, STATE AND FEDERAL PROGRAMS FROM A REGIONAL APPROACH.
REGIONAL JOB DEVELOPMENT ACTIVITES: FOCUSES ON ATTRACTING NEW BUSINESS TO THE REGION WITH A GREATER FOCUS ON EXPANDING EXISTING BUSINESSES THROUGH INDUSTRY CLUSTER APPROACHES, ENTREPRENEURSHIP AND BUSINESS RETENTION EFFORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Hecht President & CEO | OfficerTrustee | 40 | $702,914 |
Grady Fitzpatrick Senior Vice President Of B | Officer | 40 | $212,364 |
Sara Bradford Vice President Of Advancem | 40 | $130,875 | |
Iieana Ledet Senior Vice President Of P | 40 | $127,602 | |
Jeffray Teague Senior Vice President Of F | 40 | $117,756 | |
Rachel Shields Chief Of Staff | 40 | $112,404 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,482,437 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $765,121 |
| All other contributions, gifts, grants, and similar amounts not included above | $372,563 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,620,121 |
| Total Program Service Revenue | $1,916,140 |
| Investment income | $6,666 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,542,927 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $915,278 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,091,204 |
| Pension plan accruals and contributions | $72,855 |
| Other employee benefits | $80,022 |
| Payroll taxes | $127,541 |
| Fees for services: Management | $576,643 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,470 |
| Advertising and promotion | $110,308 |
| Office expenses | $135,780 |
| Information technology | $45,534 |
| Royalties | $0 |
| Occupancy | $212,219 |
| Travel | $107,919 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $87,435 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,169 |
| Insurance | $16,098 |
| All other expenses | $28,285 |
| Total functional expenses | $4,449,267 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $366,388 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,540,525 |
| 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 | $69,702 |
| Net Land, buildings, and equipment | $38,006 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,662 |
| Total assets | $2,019,283 |
| Accounts payable and accrued expenses | $465,263 |
| Grants payable | $0 |
| Deferred revenue | $132,350 |
| 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 | $597,613 |
| Net assets without donor restrictions | $1,421,670 |
| 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 | $2,019,283 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Greater New Orleans Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Ochsner Clinic Foundation New Orleans, LA PURPOSE: GENERAL ASSISTANCE | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas Association Of Realtors Austin, TX | $94,503,864 | $29,443,210 |
Arlington Convention & Visitors Bureau Inc Arlington, TX | $3,519,065 | $16,656,136 |
Promotional Products Association International Irving, TX | $24,269,680 | $12,861,271 |
Fort Worth Convention And Visitors Bureau Fort Worth, TX | $6,320,777 | $12,812,000 |
Austin Convention And Visitors Bureau Inc Austin, TX | $8,364,471 | $6,830,186 |
Texas Municipal League Austin, TX | $8,928,481 | $7,134,656 |
Greater Austin Chamber Of Commerce Austin, TX | $7,488,664 | $6,719,729 |
Community Development Foundation Tupelo, MS | $26,378,062 | $9,486,414 |
San Antonio Economic Development Foundation San Antonio, TX | $4,503,315 | $6,901,379 |
Abilene Chamber Of Commerce Abilene, TX | $4,194,863 | $4,866,648 |
Greater New Orleans Inc New Orleans, LA | $2,019,283 | $4,542,927 |
Better Business Bureau Of Metropolitan Houston Inc Houston, TX | $4,729,521 | $4,975,179 |