University Of New Orleans Foundation
- Assets
- $124.2m
- Revenue
- $13.8m
- Investments
- $0.0
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 03/1986
- Data as of
- 12/2023
- EIN
- 72-1051326
Organization Overview
University Of New Orleans Foundation is located in New Orleans, LA. The organization was established in 1986. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. University Of 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 12/2023, University Of New Orleans Foundation generated $13.8m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $12.5m during the year ending 12/2023. While expenses have increased by 2.9% per year over the past 5 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
THE UNIVERSITY OF NEW ORLEANS FOUNDATION'S MISSION IS TO PROMOTE THE WELL-BEING AND ADVANCEMENT OF THE UNIVERSITY OF NEW ORLEANS AND ALL THE COLLEGES, SCHOOLS, DEPARTMENTS, AND DIVISIONS COMPRISING IT, AND TO DEVELOP, EXPAND, AND IMPROVE THE UNIVERSITY'S CURRICULA, PROGRAMS, AND FACILITIES SO AS TO PROVIDE GREATER EDUCATIONAL ADVANTAGES AND OPPORTUNITIES, AND INCREASE THE UNIVERSITY'S BENEFITS TO THE CITIZENS OF THE STATE OF LOUISIANA AND THE UNITED STATES OF AMERICA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING FINANCIAL ASSISTANCE FOR ACADEMIC DEPARTMENTS & ADMINISTRATIVE OFFICES AND SUPPLEMENT OPERATING COSTS FOR FACULTY, GUESTS, SPEAKERS, TRAVEL, & COMMUNITY DEVELOPMENT RELATED TO THE UNIVERSITY OF NEW ORLEANS. TO PROVIDE SCHOLARSHIPS AND AWARDS TO THE UNIVERSITY OF NEW ORLEANS STUDENTS TO HELP OFFSET THE COSTS OF TUITION, BOOKS, AND FEES TO ENCOURAGE AND SUPPORT THE PURSUIT OF HIGHER EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Gregorio President & CEO | OfficerTrustee | 0 | $0 |
Darryl D'aquin Board Chair | OfficerTrustee | 0 | $0 |
William P Chauvin Board 1st Vice | OfficerTrustee | 0 | $0 |
Jeffery M Ehlinger Board 2nd Vice | OfficerTrustee | 0 | $0 |
Michael Achary Board Treasurer | OfficerTrustee | 0 | $0 |
David M Glaviano Board Secretary | OfficerTrustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kissee & Company Cpas Inc Accounting/tax Services | 12/30/23 | $285,900 |
Woods Air Conditioning & Heating Inc Hvac Services | 12/30/23 | $244,050 |
Taylor Porter Brooks & Phillips Llp Legal Services | 12/30/23 | $157,773 |
The Aspire Sport Marketing Group Llc Marketing Services | 12/30/23 | $155,419 |
Northern Trust Investment Management | 12/30/23 | $151,645 |
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 | $8,833,084 |
| Noncash contributions included in lines 1a–1f | $528,596 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,833,084 |
| Total Program Service Revenue | $2,361,542 |
| Investment income | $2,193,581 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $239,071 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $143,603 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,774,896 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,544,280 |
| Grants and other assistance to domestic individuals. | $622,666 |
| 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 | $240,992 |
| Fees for services: Legal | $161,698 |
| Fees for services: Accounting | $1,240,067 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $21,148 |
| Fees for services: Investment Management | $180,925 |
| Fees for services: Other | $2,507,913 |
| Advertising and promotion | $126,208 |
| Office expenses | $809,646 |
| Information technology | $277,848 |
| Royalties | $0 |
| Occupancy | $248,013 |
| Travel | $192,333 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $691,770 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $382,903 |
| Insurance | $218,399 |
| All other expenses | $0 |
| Total functional expenses | $12,506,272 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,185,276 |
| Pledges and grants receivable | $9,645,360 |
| Accounts receivable, net | $237,163 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $119,452 |
| Net Land, buildings, and equipment | $7,350,045 |
| Investments—publicly traded securities | $105,472,935 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $228,217 |
| Total assets | $124,238,448 |
| Accounts payable and accrued expenses | $444,934 |
| 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 | $28,171,275 |
| Total liabilities | $28,616,209 |
| Net assets without donor restrictions | $9,908,973 |
| Net assets with donor restrictions | $85,713,266 |
| 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 | $124,238,448 |