The Greater New Orleans Foundation
- Assets
- $431.1m
- Revenue
- $52.4m
- Investments
- $0.0
- Employees
- 35
- Location
- New Orleans, LA
- Founding
- 10/1941
- Data as of
- 12/2022
- EIN
- 72-0408921
Organization Overview
The Greater New Orleans Foundation is located in New Orleans, LA. The organization was established in 1941. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Greater New Orleans Foundation employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater New Orleans 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 12/2022, Greater New Orleans Foundation generated $52.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $46.5m during the year ending 12/2022. While expenses have increased by 6.6% per year over the past 8 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.
Since 2014, Greater New Orleans Foundation has awarded 7,554 individual grants totaling $246,770,915. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE GREATER NEW ORLEANS FOUNDATION (GNOF) IS THE COMMUNITY FOUNDATION (CONT'D ON SCH O)
Describe the Organization's Program Activity:
BECAUSE THE FOUNDATION SEEKS TO IMPROVE THE QUALITY OF LIFE FOR ALL, WE PROMOTE PHILANTHROPY AS A CRITICAL RESOURCE FOR EFFORTS TO ADDRESS OUR COMMUNITY'S PRESSING ISSUES. BELOW IS A LISTING OF SOME OF THE FOUNDATION'S MOST IMPORTANT WORK.CAPITAL CAMPAIGN: THE GREATER NEW ORLEANS FOUNDATION HAS BEEN INTRODUCING PHILANTHROPIC MINDED LEADERS AND INDIVIDUALS TO OUR "BE GREATER CAMPAIGN" - A BOLD EFFORT TO GROW THE FOUNDATION'S BASE OF ASSETS TO $500 MILLION AND TO INCREASE THE FOUNDATION'S OWN ENDOWED FUNDS THAT SUPPORT OUR LEADERSHIP ACTIVITIES BY $20 MILLION BY 2023.(CONT'D ON SCH O)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeanette M Davis-Loeb Secretary | OfficerTrustee | 2 | $0 |
Gayle Benson Trustee | Trustee | 2 | $0 |
Ronald Burns Sr Trustee | Trustee | 2 | $0 |
Catherine Freeman Trustee | Trustee | 2 | $0 |
Hon Brian A Jackson Trustee | Trustee | 2 | $0 |
R Foster Duncan Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gracefully Mindful Wellness Institute L Consulting | 12/30/22 | $396,240 |
Capital City Press Journalism Services | 12/30/22 | $421,963 |
Berni Consulting Consulting | 12/30/22 | $219,135 |
Postlethwaite & Netterville Apac Consulting | 12/30/22 | $169,845 |
Bdo Consulting | 12/30/22 | $174,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $597,195 |
| Government grants | $200,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $39,436,544 |
| Noncash contributions included in lines 1a–1f | $4,310,985 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,233,739 |
| Total Program Service Revenue | $397,252 |
| Investment income | $5,990,617 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $4,294 |
| Net Rental Income | $60,097 |
| Net Gain/Loss on Asset Sales | $5,731,714 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $52,417,713 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $34,584,273 |
| Grants and other assistance to domestic individuals. | $1,530,600 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,295,613 |
| Compensation of current officers, directors, key employees. | $494,239 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,110,950 |
| Pension plan accruals and contributions | $193,584 |
| Other employee benefits | $209,845 |
| Payroll taxes | $209,277 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,085 |
| Fees for services: Accounting | $75,285 |
| Fees for services: Lobbying | $27,000 |
| Fees for services: Fundraising | $2,190 |
| Fees for services: Investment Management | $1,227,615 |
| Fees for services: Other | $3,005,383 |
| Advertising and promotion | $98,029 |
| Office expenses | $115,086 |
| Information technology | $193,808 |
| Royalties | $0 |
| Occupancy | $290,620 |
| Travel | $85,862 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $322,261 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $268,747 |
| Insurance | $75,491 |
| All other expenses | $6,181 |
| Total functional expenses | $46,464,904 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,711,760 |
| Savings and temporary cash investments | $25,757,192 |
| Pledges and grants receivable | $4,035,585 |
| Accounts receivable, net | $1,498,151 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $25,998,147 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $11,631,404 |
| Investments—publicly traded securities | $357,077,516 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $436,168 |
| Total assets | $431,145,923 |
| Accounts payable and accrued expenses | $495,122 |
| Grants payable | $1,027,500 |
| 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 | $2,429,587 |
| Total liabilities | $3,952,209 |
| Net assets without donor restrictions | $410,115,498 |
| Net assets with donor restrictions | $17,078,216 |
| 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 | $431,145,923 |
Grants Awarded
Over the last fiscal year, The Greater New Orleans Foundation has awarded $33,193,060 in support to 597 organizations.
| Grant Recipient | Amount |
|---|---|
100 BLACK MEN OF METROPOLITIAN BATON ROUGE PURPOSE: FUND RAISING & FUND DISTRIBUTION | $7,500 |
18TH WARD SPORTS CLUB PURPOSE: YOUTH DEVELOPMENT | $52,585 |
504HEALTHNET PURPOSE: HEALTH | $50,152 |
5116 MAGAZINE STREET PREPARATORY HIGH SCHOOL PURPOSE: EDUCATION | $5,948 |
826 NEW ORLEANS PURPOSE: FUND RAISING & FUND DISTRIBUTION | $23,815 |
ACADEMY OF THE SACRED HEART NEW ORLEANS FOUNDATION INC PURPOSE: EDUCATION | $156,244 |