Greater New Orleans Sports Foundation
- Assets
- $9.2m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 13
- Location
- Metairie, LA
- Founding
- 08/1990
- Data as of
- 06/2022
- EIN
- 72-1129835
Organization Overview
Greater New Orleans Sports Foundation is located in Metairie, LA. The organization was established in 1990. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 06/2022, Greater New Orleans Sports Foundation employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater New Orleans Sports Foundation 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 06/2022, Greater New Orleans Sports Foundation generated $2.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $1.9m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOP SPORTS TOURISM
Describe the Organization's Program Activity:
Part 3 - Line 4a
BRING TOGETHER SPORTS MINDED PEOPLE WHO WILL DEVOTE A PORTION OF THEIR TIME, ENERGY AND FINANCIAL SUPPORT TO DEVELOPMENT OF SPORT TOURISM & RELATED INDUSTRIES IN NEW ORLEANS AND SURROUNDING REGIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John J Cicero Executive Di | Officer | 40 | $395,000 |
Jeffrey Rossi Senior VP O | 40 | $130,000 | |
William Ferrante Senior VP Ma | 40 | $117,000 | |
Kevin Bennett Secretary | OfficerTrustee | 2 | $0 |
Vincent Palumbo Treasurer | OfficerTrustee | 2 | $0 |
David R Sherman Vice Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,773,635 |
| All other contributions, gifts, grants, and similar amounts not included above | $130,633 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,904,268 |
| Total Program Service Revenue | $346,743 |
| Investment income | $928 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$21,822 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,230,368 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,090 |
| 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 | $1,047,516 |
| Pension plan accruals and contributions | $33,509 |
| Other employee benefits | $225,136 |
| Payroll taxes | $69,208 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,625 |
| Fees for services: Accounting | $21,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $117,732 |
| Office expenses | $27,548 |
| Information technology | $27,459 |
| Royalties | $0 |
| Occupancy | $119,457 |
| Travel | $8,434 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,034 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $779 |
| Insurance | $37,771 |
| All other expenses | $5,871 |
| Total functional expenses | $1,870,020 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $647,587 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $150,000 |
| 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 | $64,308 |
| Net Land, buildings, and equipment | $9,214 |
| Investments—publicly traded securities | $2,247,858 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,066,303 |
| Total assets | $9,185,270 |
| Accounts payable and accrued expenses | $62,490 |
| Grants payable | $0 |
| Deferred revenue | $27,200 |
| 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 | $5,160,000 |
| Other liabilities | $28,190 |
| Total liabilities | $5,277,880 |
| Net assets without donor restrictions | $3,907,390 |
| 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 | $9,185,270 |
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