The Womans Exchange
- Assets
- $10.1m
- Revenue
- $1.1m
- Investments
- $7.3m
- Employees
- 15
- Location
- New Orleans, LA
- Founding
- 05/1937
- Data as of
- 06/2021
- EIN
- 72-0408902
Organization Overview
The Womans Exchange, operating under the name Hermann-Grimagallier Historic House, is located in New Orleans, LA. The organization was established in 1937. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Hermann-Grimagallier Historic House employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hermann-Grimagallier Historic House 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 06/2021, Hermann-Grimagallier Historic House generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $759.8k during the year ending 06/2021. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WOMAN'S EXCHANGE ("TWE") IS A NONPROFIT ORGANIZATION WHICH OWNS THE HERMANN- GRIMA AND THE GALLIER HISTORIC HOUSES, NATIONAL HISTORIC LANDMARKS IN NEW ORLEANS, LOUISIANA AND OPERATES THEM AS HISTORICAL MUSEUMS. TWE PRESERVES THESE 19TH-CENTURY FRENCH QUARTER HOMES AND, THROUGH THEIR ARCHITECTURE, COLLECTIONS, AND HISTORY INSPIRES DISCOURSE ABOUT THE COLLECTIVE PAST AND ITS RELEVANCE TO THE PRESENT AND FUTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Holly Nieset Treasurer | OfficerTrustee | 3 | $0 |
Shelia Favrot Assistant Treasurer | OfficerTrustee | 3 | $0 |
Katherine Raymond Vice President | OfficerTrustee | 3 | $0 |
Beth Favrot Secretary | OfficerTrustee | 3 | $0 |
Julie Habetz President | OfficerTrustee | 3 | $0 |
Sallee Benjamin Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,925 |
| Fundraising events | $10,940 |
| Related organizations | $0 |
| Government grants | $148,830 |
| All other contributions, gifts, grants, and similar amounts not included above | $93,797 |
| Noncash contributions included in lines 1a–1f | $72,532 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $258,492 |
| Total Program Service Revenue | $44,016 |
| Investment income | $121,381 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $28,079 |
| Net Gain/Loss on Asset Sales | $304,748 |
| Net Income from Fundraising Events | $84,670 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $14,835 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,085,380 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $418,582 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $29,351 |
| Payroll taxes | $33,673 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,000 |
| Fees for services: Accounting | $14,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $20,359 |
| Office expenses | $21,451 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,421 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $87,719 |
| Insurance | $33,883 |
| All other expenses | $4,458 |
| Total functional expenses | $759,842 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $378,383 |
| Savings and temporary cash investments | $107,927 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $964 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $32,822 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $889,477 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,345,772 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,339,131 |
| Total assets | $10,094,476 |
| Accounts payable and accrued expenses | $18,665 |
| 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 | $100,834 |
| Total liabilities | $119,499 |
| Net assets without donor restrictions | $2,268,461 |
| Net assets with donor restrictions | $7,706,516 |
| 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 | $10,094,476 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Womans Exchange has recieved totaling $35,580.
| Awarding Organization | Amount |
|---|---|
The Greater New Orleans Foundation New Orleans, LA PURPOSE: ARTS/CULTURE | $35,524 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $56 |
Endowment Analysis
| Beg. Balance | $5,924,285 |
| Earnings | $1,881,488 |
| Admin Expense | $52,074 |
| Other Expense | $300,000 |
| Ending Balance | $7,453,699 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Galveston Historical Foundation Inc Galveston, TX | $33,194,723 | $16,815,449 |
Mamie Mcfaddin Ward Heritage Foundation Beaumont, TX | $39,179,042 | $6,717,900 |
San Antonio Conservation Society San Antonio, TX | $5,466,281 | $1,168,192 |
Texas State Historical Association Austin, TX | $3,131,063 | $1,524,927 |
Friends Of The Texas Historical Commission Inc Austin, TX | $2,566,548 | $1,192,867 |
Texas Panhandle Heritage Foundation Inc Canyon, TX | $2,876,376 | $2,832,442 |
Corpus Christi Area Heritage Society Corpus Christi, TX | $1 | $1,500 |
Dallas Historical Society Hall Of State Fair Park Dallas, TX | $2,271,425 | $1,532,505 |
River Road Historical Society Destrehan, LA | $8,368,126 | $1,410,629 |
Austin Steam Train Association Incorporated Cedar Park, TX | $439,654 | $803,143 |
Gillispie County Historical Society Inc Fredericksburg, TX | $3,707,380 | $1,052,658 |
Houston Heights Association Houston, TX | $3,684,551 | $838,966 |