Terre Carnival Club Inc

Organization Overview

Terre Carnival Club Inc is located in Houma, LA. The organization was established in 1993. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Terre Carnival Club Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.

For the year ending 03/2023, Terre Carnival Club Inc generated $378.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $382.5k during the year ending 03/2023. While expenses have increased by 7.7% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO HOLD AN ANNUAL CARNIVAL (MARDI GRAS) PARADE IN HOUMA, LOUISIANA, WHICH IS OPEN TO THE PUBLIC. THE PARADE PROMOTES TOURISM, RAISES COMMUNITY SPIRIT, AND AIDS THE BUSINESS COMMUNITY BY BRINGING IN FUNDS FROM THE COMMUNITY AND TOURISTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE PURPOSE OF THIS ORGANIZATION IS TO HOLD AN ANNUAL CARNIVAL PARADE WHICH IS OPEN TO THE PUBLIC. THE PARADE PROMOTES TOURISM AND AIDS THE BUSINESS COMMUNITY BY BRINGING IN FUNDS FROM THE COMMUNITY AND TOURISTS.


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Board, Officers & Key Employees

Name (title)Compensation
Chris Smart
President
$0
Frank Davis
Treasurer
$0
John Poiencot
Vice-Pres
$0
Brad Leonard
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
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$0
Total Program Service Revenue$312,376
Investment income $5,285
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$2,529
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $75,829
Net Income from Gaming Activities $0
Net Income from Sales of Inventory -$12,790
Miscellaneous Revenue$0
Total Revenue $378,171

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