School Of Design
- Assets
- $1.8m
- Revenue
- $989.5k
- Investments
- $0.0
- Employees
- 3
- Location
- New Orleans, LA
- Founding
- 08/1965
- Data as of
- 05/2023
- EIN
- 72-6028480
Organization Overview
School Of Design is located in New Orleans, LA. The organization was established in 1965. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 05/2023, School Of Design employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. School Of Design 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 05/2023, School Of Design generated $989.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $1.1m during the year ending 05/2023. 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
CARNIVAL ORGANIZATION PARADE AND BALL FOR THE PUBLIC ENJOYMENT ON MARDI GRAS DAY
Describe the Organization's Program Activity:
Part 3 - Line 4a
CARNIVAL ORGANIZATION PARADE FOR ENJOYMENT OF PUBLIC ON MARDI GRAS DAY- OVER 500,000 VIEW PARADE AND BALL ON MARDI GRAS EVENING BROADCASTED AND STREAMED TO APPROXIMATELY 50,000 VIEWERS ON PUBLIC TELEVISION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christian T Brown President | OfficerTrustee | 1 | $0 |
Lynes R Sloss Secretary | OfficerTrustee | 0.5 | $0 |
William F Grace Jr Vice President | OfficerTrustee | 0.5 | $0 |
Thomas D Westfeldt II Vice President | OfficerTrustee | 0.5 | $0 |
Hardy B Fowler Treasurer | OfficerTrustee | 0.5 | $0 |
James J Reiss III Executive Vice President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Reform Plastic And Metal Factory Beads And Throws | 5/30/23 | $406,903 |
Royal Artists Inc Build And Design Floats | 5/30/23 | $152,700 |
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 | $681,872 |
| Investment income | $9,227 |
| 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 | $298,374 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $989,473 |
| 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 | $10,649 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,689 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,425 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,827 |
| Advertising and promotion | $24,336 |
| Office expenses | $36,211 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,111 |
| 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 | $33,466 |
| Insurance | $62,413 |
| All other expenses | $133,744 |
| Total functional expenses | $1,062,580 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,667 |
| Savings and temporary cash investments | $396,637 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $49,723 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $183,278 |
| Prepaid expenses and deferred charges | $43,317 |
| Net Land, buildings, and equipment | $741,304 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $288,491 |
| Total assets | $1,811,417 |
| Accounts payable and accrued expenses | $4,568 |
| 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 | $0 |
| Total liabilities | $4,568 |
| Net assets without donor restrictions | $1,806,849 |
| 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 | $1,811,417 |