New Orleans & Company is located in New Orleans, LA. The organization was established in 1962. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, New Orleans & Company employed 196 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Orleans & Company 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 12/2023, New Orleans & Company generated $55.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $42.7m during the year ending 12/2023. While expenses have increased by 5.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOPING AND MARKETING THE NEW ORLEANS REGION AS THE PREMIER CONVENTION AND VISITOR DESTINATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW ORLEANS & COMPANY'S SALES AND SERVICES TEAMS SELL, MARKET, ADVERTISE AND PROMOTE TRAVEL TO NEW ORLEANS AS A DESTINATION TO CONVENE CONFERENCES, CONVENTIONS, CORPORATE MEETINGS AND MAJOR EVENTS. TEAM MEMBERS TRAVEL THROUGHOUT THE UNITED STATES AND BEYOND YEAR-ROUND MEETING WITH PLANNERS AND DECISION MAKERS ACTIVELY BIDDING COMPETITIVELY WITH OTHER DESTINATIONS. NUMEROUS MAJOR EVENTS HOSTED IN NEW ORLEANS AS A RESULT OF THESE EFFORTS INCLUDE NCAA/FINAL FOUR, SUPER BOWL, ESSENCE, MISS UNIVERSE AND SUGAR BOWL ALONG WITH MANY OTHERS. THEY ATTEND NUMEROUS INDUSTRY SHOWS TO SHOWCASE AND PROMOTE NEW ORLEANS AS A DESTINATION AND BRING IN CUSTOMERS FROM ALL OVER THE WORLD TO SCOUT AND SITE HOTELS, RESTAURANTS, VENUES, (CONTINUED ON SCHEDULE O) AND MANY OTHER ORGANIZATIONS WITHIN THE HOSPITALITY INDUSTRY.NEW ORLEANS & COMPANY CONTACTS MANY ASSOCIATIONS AND CORPORATE BUSINESSES TO SOLICIT FACILITIES IN NEW ORLEANS; 1,048 CONVENTIONS AND MEETINGS WERE BOOKED BY NEW ORLEANS & COMPANY IN 2023. THE CONVENTION & SALES TEAM BOOKED A TOTAL OF 1,467,629 ROOM NIGHTS IN 2023. LEISURE TOURISM SALES NEW ORLEANS & COMPANY'S LEISURE SALES TEAM SELL, MARKET, ADVERTISE AND PROMOTE TRAVEL TO NEW ORLEANS AS A DESTINATION FOR GROUP TRAVEL WHICH INCLUDES SALES AND PROMOTION TO TRAVEL AGENTS, MOTORCOACH BUS GROUPS, CLASS, MILITARY AND FAMILY REUNIONS, CHURCH AND YOUTH GROUPS, WEDDINGS, BACHELOR/BACHELORETTE GATHERINGS, GIRLS' WEEKENDS, AND ANY OTHER REASON TO VISIT NEW ORLEANS. THE LEISURE SALES TEAM ALSO WORKS WITH REPRESENTATIVES IN UNITED KINGDOM, GERMANY, FRANCE, INDIA, MEXICO AND OTHER COUNTRIES PERIODICALLY TO PROMOTE NEW ORLEANS AS A DESTINATION FOR INTERNATIONAL VISITORS. PARTNERSHIPS, WHICH INCLUDE MARKETING AND ADVERTISING, ARE ALIGNED WITH BRITISH AIRWAYS TO CONTINUE TO PROMOTE FLIGHTS TO AND FROM NEW ORLEANS ALONG WITH CRUISE LINES TO MAINTAIN SHIPS AT PORT FOR ALL TO SAIL FROM OUR GREAT CITY OF NEW ORLEANS.NEW ORLEANS & COMPANY PROVIDED ASSISTANCE TO 13,806 TRAVEL AGENTS IN 2023 AND BOOKED A TOTAL OF 466,475 ROOM NIGHTS.
NEW ORLEANS & COMPANY COMMUNICATIONS & PUBLIC RELATIONS TEAM FOCUSES ON RELATIONSHIP BUILDING WITH JOURNALISTS AND INFLUENCERS, BOTH DOMESTIC AND INTERNATIONAL, ALONG WITH ASSISTING ALL FACETS OF THE MEDIA IN ORDER TO MAINTAIN POSITIVE COVERAGE OF NEW ORLEANS AS A TRAVEL DESTINATION.NEW ORLEANS & COMPANY ASSISTED MEDIA AROUND THE WORLD FOR A TOTAL RESULT OF 1,375 ASSISTED IN 2023.
EXTERNAL AFFAIRS & MEMBERSHIPNEW ORLEANS & COMPANY'S MEMBERSHIP CONSISTS OF 1,236 BUSINESSES AND OPENS THE DOORS TO NEW MARKETING IDEAS, NETWORKING, BUSINESS OPPORTUNITIES AND INDUSTRY RESEARCH... AND THAT'S JUST A FEW OF THE BENEFITS AVAILABLE TO OUR MEMBERS. OUR MEMBERS ENCOMPASS ALL FACETS OF INDUSTRY, FROM HOTELS, BED & BREAKFASTS, RESTAURANTS AND NIGHTCLUBS, TOURS AND ATTRACTIONS TO TRANSPORTATION AND BUSINESS SERVICES. MEMBERSHIP CONCENTRATES ON NETWORKING, JOB FAIRS, HEALTH FAIRS, HOSPITALITY TRAINING, SUSTAINABILITY AND MANY OTHER INITIATIVES. (CONTINUED ON SCHEDULE O)NEW ORLEANS & COMPANY'S EXTERNAL AFFAIRS IS FOCUSED ON COMMUNITY RELATIONS SPONSORING AND FUNDING MANY ORGANIZATIONS WITHIN THE HOSPITALITY INDUSTRY SUCH AS FESTIVALS AND OTHERS TO DEVELOP NEW PRODUCT.NEW ORLEANS & COMPANY PRINTS AND DISTRIBUTES BROCHURES AND MAPS WHICH PROVIDE INFORMATION ABOUT THE VARIOUS POINTS OF INTEREST AND EVENTS HAPPENING IN NEW ORLEANS. IN 2023, APPROXIMATELY 246,405 BROCHURES WERE CIRCULATED.LEISURE MARKETINGNEW ORLEANS & COMPANY MARKETS TO CONSUMERS VIA PRINT AND DIGITAL ADVERTISING, TELEVISION, RADIO, BILLBOARDS, WEBSITE, SOCIAL MEDIA AND MANY OTHER AVENUES TO ATTRACT VISITORS TO THE CITY OF NEW ORLEANS. THEIR EFFORTS DRIVE CONSUMERS TO NEW ORLEANS & COMPANY'S WEBSITE ULTIMATELY GENERATING BOOKINGS FROM GUESTS ALL OVER THE WORLD TO VISIT AND STAY IN THE NEW ORLEANS AREA.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
David Bilbe Immediate Past Past Chairman | OfficerTrustee | 1.5 | $0 |
Jim Cook Chair | OfficerTrustee | 1.5 | $0 |
Mickal Adler Chair Elect | OfficerTrustee | 1.5 | $0 |
Stan Harris Past Chair - Ex-Officio | OfficerTrustee | 1.5 | $0 |
Steve Pettus Treasurer | OfficerTrustee | 1.5 | $0 |
Darryl Berger Secretary | OfficerTrustee | 1.5 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
French Quarter Management District Funding/french Quarter Security | 12/30/23 | $1,250,000 |
Dentsu X Llc Advertising Agency | 12/30/23 | $2,119,797 |
Img Universe Llc Hosting Miss Universe Pageant | 12/30/23 | $500,000 |
Miles Partnership Llc Miles Partnersh Publisher Of New Orleans Visitors Guide | 12/30/23 | $351,347 |
Cvent Inc Advertising | 12/30/23 | $259,449 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $1,528,505 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $15,097,661 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $16,626,166 |
Total Program Service Revenue | $36,815,781 |
Investment income | $1,750,859 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$113,161 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $55,402,309 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $500,000 |
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. | $3,450,284 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $6,410,002 |
Pension plan accruals and contributions | $198,396 |
Other employee benefits | $1,654,931 |
Payroll taxes | $694,733 |
Fees for services: Management | $0 |
Fees for services: Legal | $6,720 |
Fees for services: Accounting | $80,957 |
Fees for services: Lobbying | $185,250 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $189,892 |
Advertising and promotion | $14,294,149 |
Office expenses | $418,937 |
Information technology | $647,775 |
Royalties | $0 |
Occupancy | $508,326 |
Travel | $2,762,518 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $2,048,257 |
Interest | $297,399 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $597,142 |
Insurance | $373,156 |
All other expenses | $1,469,550 |
Total functional expenses | $42,735,630 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $58,843,774 |
Savings and temporary cash investments | $7,815,610 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $4,506,242 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $27,194 |
Prepaid expenses and deferred charges | $730,154 |
Net Land, buildings, and equipment | $18,893,061 |
Investments—publicly traded securities | $22,782,759 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $1,200,000 |
Other assets | $165,454 |
Total assets | $114,964,248 |
Accounts payable and accrued expenses | $2,452,491 |
Grants payable | $0 |
Deferred revenue | $18,111,403 |
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 | $7,036,726 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $3,315,819 |
Total liabilities | $30,916,439 |
Net assets without donor restrictions | $64,580,208 |
Net assets with donor restrictions | $19,467,601 |
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 | $114,964,248 |
Over the last fiscal year, New Orleans & Company has awarded $500,000 in support to 3 organizations.
Grant Recipient | Amount |
---|---|
ROOTS OF MUSIC INC PURPOSE: GENERAL OPERATIONAL SUPPORT | $200,000 |
NEW ORLEANS MARDI GRAS INDIAN COUNCIL PURPOSE: GENERAL OPERATIONAL SUPPORT | $150,000 |
ZULU COMMUNITY SERVICE FOUNDATION PURPOSE: GENERAL OPERATIONAL SUPPORT | $150,000 |