Carole B & Kenneth J Boudreaux Foundation Inc
- Assets
- $6.6m
- Revenue
- $130.5k
- Investments
- $5.9m
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 08/1997
- Data as of
- 12/2022
- EIN
- 72-1372415
Organization Overview
Carole B & Kenneth J Boudreaux Foundation Inc is located in New Orleans, LA. The organization was established in 1997. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carole B & Kenneth J Boudreaux 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 12/2022, Carole B & Kenneth J Boudreaux Foundation Inc generated $130.5k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $317.8k during the year ending 12/2022. While expenses have increased by 6.4% per year over the past 4 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.
Since 2020, Carole B & Kenneth J Boudreaux Foundation Inc has awarded 119 individual grants totaling $895,100. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth J Boudreaux President Director | 0 | $0 | |
Carole B Boudreaux Secretary Director | 0 | $0 | |
Beau J Boudreaux Director | 0 | $0 | |
Heather P Boudreaux Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $102,779 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $27,672 |
| Capital Gain Net Income | $244,240 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $130,451 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,995 |
| Depreciation | $0 |
| Occupancy | $2,580 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $10,130 |
| Contributions, gifts, grants paid | $307,700 |
| Total expenses and disbursements | $317,830 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $122,685 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $659,885 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,854,174 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,636,744 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Carole B & Kenneth J Boudreaux Foundation Inc has awarded $309,575 in support to 40 organizations.
| Grant Recipient | Amount |
|---|---|
LOUISIANA PHILHARMONIC ORCHESTRA PURPOSE: GENERAL SUPPORT | $18,000 |
NEW ORLEANS OPERA ASSOCIATION PURPOSE: GENERAL SUPPORT | $6,000 |
WWNO RADIO PURPOSE: GENERAL SUPPORT | $13,500 |
WYES RADIO PURPOSE: GENERAL SUPPORT | $4,475 |
NEW ORLEANS MUSEUM OF ART PURPOSE: GENERAL SUPPORT | $2,300 |
UNIVERSITY OF NEW ORLEANS PURPOSE: GENERAL SUPPORT | $11,000 |