Oak Alley Foundation
- Assets
- $8.4m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 64
- Location
- Vacherie, LA
- Founding
- 01/1967
- Data as of
- 12/2023
- EIN
- 72-6032652
Organization Overview
Oak Alley Foundation is located in Vacherie, LA. The organization was established in 1967. 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. As of 12/2023, Oak Alley Foundation employed 64 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oak Alley 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, Oak Alley Foundation generated $4.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $3.8m during the year ending 12/2023. While expenses have increased by 1.2% per year over the past 9 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
OAK ALLEY FOUNDATION IS A 501(C)(3) PUBLIC NONPROFIT TRUST ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE, LITERARY AND EDUCATIONAL PURPOSES. ITS TRUSTEES ARE CHARGED WITH MAINTAINING AND PRESERVING THE OAK ALLEY PLANTATION MANSION (BIG HOUSE) AND SURROUNDING SIXTY-THREE (63) ACRE NATIONAL HISTORIC LANDMARK SITE FOR PUBLIC EXHIBITION AS AN HISTORICAL MONUMENT TO THE TIMES AND ERA DURING WHICH THE PROPERTY WAS BUILT AND FOR THE INSTRUCTION, EDUCATION, ENLIGHTENMENT, INFORMATION, EDIFICATION AND CULTURAL BENEFIT OF THE CITIZENS OF THE STATE OF LOUISIANA, AND UNITED STATES AND THE PUBLIC GENERALLY. OAK ALLEY HAD OVER 164,954 VISITORS DURING 2022.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OAK ALLEY FOUNDATION EXISTS TO PRESERVE THE PLANTATION HOUSE, OUTBUILDINGS, ANTIQUES, ARTWORK AND GROUNDS. VISITORS FROM ALL OVER THE WORLD CAN BE EDUCATED ABOUT LIFE ON A PLANTATION IN LOUISIANA IN THE 19TH CENTURY. OAK ALLEY PROVIDES TOURS AS WELL AS SPECIAL EVENT RECREATIONS SUCH AS CHRISTMAS BONFIRES, ALL OPEN TO THE PUBLIC. NEW EXHIBITS AND REFINEMENTS TO THE PROPERTY AND VISITOR EXPERIENCE ARE ONGOING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shelby M Saer Chairperson | OfficerTrustee | 2 | $0 |
Odom Heebe Jr Treasurer | OfficerTrustee | 2 | $0 |
Jonathan Mayhew Trustee | Trustee | 1 | $0 |
Walter E Blessey Jr Trustee | Trustee | 1 | $0 |
Robert A Vosbein Trustee | Trustee | 1 | $0 |
Ashley Dineen Secretary | OfficerTrustee | 2 | $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 | $4,264,800 |
| Investment income | $171,043 |
| 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 | $4,435,843 |
| 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 | $1,907,579 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $417,040 |
| Payroll taxes | $146,596 |
| Fees for services: Management | $5,660 |
| Fees for services: Legal | $25,009 |
| Fees for services: Accounting | $7,475 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,335 |
| Advertising and promotion | $13,665 |
| Office expenses | $128,464 |
| Information technology | $30,781 |
| Royalties | $0 |
| Occupancy | $102,269 |
| Travel | $1,559 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,960 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $250,098 |
| Insurance | $152,944 |
| All other expenses | $96,721 |
| Total functional expenses | $3,786,665 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,550,929 |
| 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 | $2,868,856 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,419,785 |
| Accounts payable and accrued expenses | $70,608 |
| Grants payable | $0 |
| Deferred revenue | $29,322 |
| 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 | $26,884 |
| Total liabilities | $126,814 |
| Net assets without donor restrictions | $0 |
| 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 | $8,292,971 |
| Total liabilities and net assets/fund balances | $8,419,785 |