Southern Sailing Foundation At New Orleans
- Assets
- $112.1k
- Revenue
- $12.4k
- Investments
- $102.3k
- Employees
- 0
- Location
- Metairie, LA
- Founding
- 12/1998
- Data as of
- 12/2021
- EIN
- 72-6187298
Organization Overview
Southern Sailing Foundation At New Orleans is located in Metairie, LA. The organization was established in 1998. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Southern Sailing Foundation At New Orleans 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 12/2021, Southern Sailing Foundation At New Orleans generated $12.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 23.5% each year . All expenses for the organization totaled $12.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Wilke Trustee | 0 | $0 | |
George Hero Trustee | 0 | $0 | |
John Winters Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,388 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,888 |
| Capital Gain Net Income | $8,888 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $82 |
| Total Revenue | $12,358 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,694 |
| Total operating and administrative expenses | $3,400 |
| Contributions, gifts, grants paid | $9,500 |
| Total expenses and disbursements | $12,900 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,774 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $112,115 |
| 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, Southern Sailing Foundation At New Orleans has awarded $9,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
New Orleans, LA PURPOSE: OPTI-MIDWINTER JUNIOR LIPTON'S GREAT OAKS | $4,000 |
PASS CHRISTIAN YACHT CLUB PURPOSE: KNOST REGATTA FINN NATIONAL | $4,000 |
Bay St Louis, MS PURPOSE: US SAILING REGATTA GREAT OAKS QUALIFYING | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jane P And Wiley L Mossy Jr Foundation Houston, TX | $339,084 | $6,855,893 |
Oakwood Foundation Charitable Tr Tupelo, MS | $13,916,638 | $13,351,239 |
Gene And Jerry Jones Family-Dallas Cowboys Charities Frisco, TX | $3,095,461 | $7,273,707 |
Marshall Legacy Foundation Metairie, LA | $37,157,594 | $21,197,543 |
Marshall Heritage Foundation Metairie, LA | $15,210,686 | $21,134,216 |
Mary E Bivins Trust Amarillo, TX | $23,577,867 | $7,091,283 |
Norman H Read 1985 Trust Amarillo, TX | $61,022,769 | $8,703,971 |
Arlene And Joseph Meraux Charitable Foundation Violet, LA | $95,291,949 | $9,307,858 |
East Texas Medical Center Regional Healthcare System Tyler, TX | $164,248,819 | $57,646,365 |
James A Buddy Davidson Charitable Foundation Midland, TX | $104,683,845 | $20,028,427 |
Tejemos Foundation San Antonio, TX | $56,096,568 | $3,968,002 |
H E B Tournament Of Champions Charitable Tr San Antonio, TX | $9,707,479 | $8,431,787 |