Elysian Field Property Corporation
- Assets
- $1.5m
- Revenue
- $166.5k
- Investments
- $0.0
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 02/1990
- Data as of
- 06/2023
- EIN
- 72-1128907
Organization Overview
Elysian Field Property Corporation is located in New Orleans, LA. The organization was established in 1990. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, 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. Elysian Field Property Corporation is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 06/2023, Elysian Field Property Corporation generated $166.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (24.7%) each year. All expenses for the organization totaled $86.2k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (30.5%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ELYSIAN FIELD PROPERTY CORPORATION IS ORGANIZED PURSUANT TO IRC SECTION (CONT'D SCH. O) 501(C)(2). IT IS OPERATED EXCLUSIVELY FOR THE PURPOSE OF HOLDING TITLE TO REAL PROPERTY, COLLECTING INCOME THEREFROM AND TURNING OVER THE ENTIRE AMOUNT (LESS EXPENSES) TO SUPPORT THE ACTIVITIES OF THE BROTHERS OF THE SACRED HEART OF NEW ORLEANS INC. (A QUALIFIED 501(C)(3) ORGANIZATION), IN ORDER TO PROVIDE SUPPORT & INCOME FOR THE EDUCATIONAL, RELIGIOUS AND CHARITABLE PURSUITS OF THAT ORGANIZATION, INCLUDING BUT NOT LIMITED TO THE OPERATION OF BROTHER MARTIN SCHOOL IN NEW ORLEANS, LA. THE CORPORATION WAS ORGANIZED IN JUNE, 1988 IN ORDER TO TAKE TITLE TO INVESTMENT PROPERTY ADJACENT TO THE CAMPUS OF BROTHER MARTIN HIGH SCHOOL. THE GOAL OF THIS ACQUISITION WAS TO ASSIST IN THE DEVELOPMENT OF ENDOWMENT FUNDS FOR THE SUPPORT OF BROTHER MARTIN HIGH SCHOOL. THE OTHER MEANS ARE DIRECT CONTRIBUTIONS TO BROTHER MARTIN HIGH SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOLDING TITLE TO REAL PROPERTY AND COLLECTING RENTAL INCOME TO SUPPORT THE ACTIVITIES OF THE BROTHERS OF THE SACRED HEART NEW ORLEANS INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Rando President | OfficerTrustee | 1 | $0 |
John Devlin III Secretary/treasurer | OfficerTrustee | 0.5 | $0 |
Brother Ivy Leblanc Director | Trustee | 0.5 | $0 |
Scott Williams Director | Trustee | 0.5 | $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 | $157,310 |
| Investment income | $9,212 |
| 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 | $166,522 |
| 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. | $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 | $9,420 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,737 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,898 |
| Insurance | $8,403 |
| All other expenses | $12,711 |
| Total functional expenses | $86,169 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $529,886 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,009,065 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,538,951 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $4,750 |
| 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 | $4,750 |
| Net assets without donor restrictions | $1,534,201 |
| Net assets with donor restrictions | $0 |
| 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 | $1,538,951 |