Southern University In New Orleans Foundation Inc is located in New Orleans, LA. The organization was established in 1977. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern University In New Orleans Foundation Inc 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, Southern University In New Orleans Foundation Inc generated $231.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $56.9k during the year ending 06/2021. While expenses have increased by 4.9% per year over the past 6 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
TO CARRY OUT VARIOUS ALUMNI ACTIVITIES FOR THE BENEFIT OF SUNO STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACTIVITIES IN FURTHERANCE OF SCHOOL ATHLETICS DEPT. AND OTHER ALUMNI ACTIVITIES
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Marlajefferson Member | Trustee | 2 | $0 |
Ed Robinson Member | Trustee | 2 | $0 |
Frank Williams Member | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $35,797 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $160,000 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $195,797 |
Total Program Service Revenue | $27,927 |
Investment income | $769 |
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 | $231,079 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $14,408 |
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 | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $214 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $1,500 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $130 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $56,917 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $513,054 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $27,927 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $540,981 |
Accounts payable and accrued expenses | $0 |
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 | $0 |
Total liabilities | $0 |
Net assets without donor restrictions | $474,976 |
Net assets with donor restrictions | $66,005 |
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 | $540,981 |
Over the last fiscal year, we have identified 4 grants that Southern University In New Orleans Foundation Inc has recieved totaling $74,799.
Awarding Organization | Amount |
---|---|
Thurgood Marshall College Fund Inc Washington, DC PURPOSE: Grow with Google HBCU Career Readiness Program Grant | $40,000 |
The Greater New Orleans Foundation New Orleans, LA PURPOSE: EDUCATION | $19,299 |
Ochsner Clinic Foundation New Orleans, LA PURPOSE: GENERAL ASSISTANCE | $10,000 |
Tom Joyner Foundation Inc Dallas, TX PURPOSE: EDUCATION SCHOLARSHIP | $5,500 |
Organization Name | Assets | Revenue |
---|---|---|
College Of Biblical Studies-Houston Houston, TX | $14,076,191 | $8,568,117 |
University Of Central Arkansas Foundation Inc Conway, AR | $76,302,395 | $12,983,167 |
Southern University System Foundation Baton Rouge, LA | $59,341,239 | $13,209,342 |
Kings University Southlake, TX | $0 | $6,930,347 |
Amberton University Garland, TX | $60,380,717 | $9,173,181 |
Stephen F Austin State University Foundation Inc Nacogdoches, TX | $115,560,450 | $21,375,091 |
Texas A&m University-Kingsville Foundation Inc Kingsville, TX | $109,298,613 | $9,889,505 |
Baptist University Of The Americas San Antonio, TX | $13,785,547 | $6,893,983 |
Texas Southern University Foundation Houston, TX | $12,702,424 | $10,949,246 |
Nsu Foundation Inc Natchitoches, LA | $24,583,769 | $5,806,741 |
Southeastern Louisiana University Foundation Hammond, LA | $74,066,659 | $6,564,775 |
Worldquant University New Orleans, LA | $1,039,682 | $1,518,050 |