New Orleans & Company
- Assets
- $100.9m
- Revenue
- $31.4m
- Investments
- $0.0
- Employees
- 159
- Location
- New Orleans, LA
- Founding
- 03/1962
- Data as of
- 12/2021
- EIN
- 72-0540607
Organization Overview
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 12/2021, New Orleans & Company employed 159 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 12/2021, New Orleans & Company generated $31.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $25.4m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 7 years. 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
DEVELOPING AND MARKETING THE NEW ORLEANS REGION AS THE PREMIER CONVENTION AND VISITOR DESTINATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONVENTION SALES, SERVICES, AND GROUP LEISURE MARKETING:NEW ORLEANS & COMPANY CONTACTS MANY ASSOCIATIONS AND CORPORATE BUSINESSES TO SOLICIT FACILITIES IN NEW ORLEANS; 609 CONVENTIONS AND MEETINGS WERE BOOKED BY NEW ORLEANS & COMPANY IN 2021. THE CONVENTION & LEISURE SALES TEAMS COMBINED BOOKED A TOTAL OF 746,858 ROOM NIGHTS IN 2021, 634,127 SALES AND 112,731 TOURISM. NEW ORLEANS & COMPANY ALSO PROVIDED ASSISTANCE TO 643 TRAVEL AGENTS AND 0 VISITORS IN 2021.
PROMOTIONAL MEDIA: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 2021, APPROXIMATELY 71,333 BROCHURES WERE CIRCULATED. ADDITIONALLY, NEW ORLEANS & COMPANY ASSISTED MEDIA AROUND THE WORLD FOR A TOTAL RESULT OF 756 ASSISTED IN 2021.
MEMBERSHIP PROMOTION:NEW ORLEANS & COMPANY CONDUCTS PROMOTIONAL ACTIVITIES THROUGHOUT THE YEAR TO ATTRACT ADDITIONAL MEMBERS. THE TOTAL MEMBERSHIP FOR 2021 WAS 1,204.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jstephen Perry President/ceo | Officer | 60 | $485,807 |
Walter Leger III Executive VP & General Cou | OfficerTrustee | 50 | $337,594 |
Stephanie Turner Senior VP Convention Sales | Officer | 50 | $295,915 |
Mark Romig Senior Vp/chief Marketing | Officer | 50 | $294,175 |
Kim Priez Vice-President Of Tourism | Officer | 50 | $282,146 |
Kelly Schulz Senior VP Comm/public Rela | Officer | 50 | $227,602 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
British Airways Advertising/risk Mitigation | 12/30/21 | $977,000 |
360i Marketing/advertising | 12/30/21 | $7,631,875 |
Broadmoor Llc Construction | 12/30/21 | $552,774 |
Simple View Tourism Software | 12/30/21 | $145,745 |
Us Travel Marketing/advertising | 12/30/21 | $144,050 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,202,329 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,809,967 |
| 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 | $11,012,296 |
| Total Program Service Revenue | $20,298,175 |
| Investment income | $556,011 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$459,499 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,406,983 |
| 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. | $2,456,599 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,399,641 |
| Pension plan accruals and contributions | $250,052 |
| Other employee benefits | $330,004 |
| Payroll taxes | $452,661 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,649 |
| Fees for services: Accounting | $91,998 |
| Fees for services: Lobbying | $102,930 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $42,618 |
| Advertising and promotion | $8,629,802 |
| Office expenses | $244,850 |
| Information technology | $321,499 |
| Royalties | $0 |
| Occupancy | $346,752 |
| Travel | $421,047 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $388,436 |
| Interest | $164,594 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $509,297 |
| Insurance | $169,997 |
| All other expenses | $199,043 |
| Total functional expenses | $25,437,184 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,824,130 |
| Savings and temporary cash investments | $6,045,169 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,207,449 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $31,313 |
| Prepaid expenses and deferred charges | $553,283 |
| Net Land, buildings, and equipment | $18,980,841 |
| Investments—publicly traded securities | $23,013,439 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,200,000 |
| Other assets | $0 |
| Total assets | $100,855,624 |
| Accounts payable and accrued expenses | $3,582,602 |
| Grants payable | $0 |
| Deferred revenue | $30,527,658 |
| 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 | $7,031,766 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,242,848 |
| Total liabilities | $42,384,874 |
| Net assets without donor restrictions | $49,699,010 |
| Net assets with donor restrictions | $8,771,740 |
| 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 | $100,855,624 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central Arkansas Development Council Benton, AR | $22,711,775 | $63,852,394 |
Southern Mississippi Planning And Development District Inc Gulfport, MS | $44,385,657 | $33,837,059 |
Manned Space Flight Education Foundation Incorporated Houston, TX | $76,743,192 | $45,013,359 |
New Orleans & Company New Orleans, LA | $100,855,624 | $31,406,983 |
Mississippi County Arkansas Economic Opportunity Commission In Blytheville, AR | $4,387,153 | $19,452,667 |
Saisd Historic Preservation Corporation San Antonio, TX | $3,795,273 | $2,962,141 |
Whole Planet Foundation Austin, TX | $10,584,602 | $6,202,281 |
East Central Planning & Development District Inc<410 Decatur St Newton, MS | $22,970,956 | $8,929,943 |
Frazier Revitalization Inc Dallas, TX | $12,774,298 | $14,569,658 |
Corpus Christi Area Convention And Tourist Bureau Inc Corpus Christi, TX | $2,305,137 | $5,577,829 |
Edinburg Economic Development Corporation Edinburg, TX | $67,135,031 | $9,281,578 |
Market Lubbock Economic Development Corporation Lubbock, TX | $8,726,484 | $8,303,064 |