Krewe Of Red Beans
- Assets
- $2.8m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 03/2017
- Data as of
- 12/2021
- EIN
- 82-0667168
Organization Overview
Krewe Of Red Beans is located in New Orleans, LA. The organization was established in 2017. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Krewe Of Red Beans 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, Krewe Of Red Beans generated $1.8m in total revenue. All expenses for the organization totaled $1.6m during the year ending 12/2021.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT AND RESPOND TO THE NEEDS OF THE DIVERSE NEW ORLEANS COMMUNITY WITH JOY AND LOVE AND TO AMPLIFY THE CULTURE AND CREATIVITY OF NEW ORLEANS AS A FORCE OF GOOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HIRE A MARDI GRAS ARTIST- THIS WAS AN INITIATIVE TO PUT UNEMPLOYED MARDI GRAS FLOAT ARTISTS TO WORK CREATING "HOUSE FLOATS" FOR CARNIVAL SEASON. TWENTY-THREE "HOUSE FLOATS" WERE CREATED BY 48 PEOPLE AND 32 ARTISTS.
FEED THE SECOND LINE PROGRAM WAS A COLLABORATION WITH KREWE OF RED BEANS AND WINN DIXIE TO DEVELOP A SHOPPING LIST OF 500 ESSENTIAL GROCERY ITEMS FOR CULTURE BEARERS OF OUR COMMUNITY. A RECEPIENT IS ASKED TO CHOOSE 100 ITEMS FOR A VALUE OF AROUND $400. THESE ITEMS ARE THEN DELIVERED TO THEIR DOORSTEP BY VOLUNTEERS. THIS IS A RESPECTFUL WAY TO PROVIDE CUSTOMIZED "FOOD LOVE" THAN ITEMS SELECTED AT RANDOM.
BEAN COIN WAS CREATED FOR THE PURPOSE OF SUPPORTING 14 NEIGHBORHOOD BARS THAT WERE SHUT DOWN DURING THE PANDEMIC. THIS PROGRAM HELPED TO STABILIZE THEIR BUSINESSES AS THEY FOUGHT THROUGH THE TOUGH TIMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine Bozinis Treasurer | OfficerTrustee | 2 | $0 |
Tia Heard Vice President | OfficerTrustee | 2 | $0 |
Devin Dewulf Executive Director | OfficerTrustee | 20 | $0 |
Nancy Fournier Secretary | OfficerTrustee | 2 | $0 |
Viet Tran President | OfficerTrustee | 2 | $0 |
Sandra Baptie Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $90,922 |
| Fundraising events | $10,612 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $247,716 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $349,250 |
| Total Program Service Revenue | $1,431,041 |
| Investment income | $0 |
| 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 | $1,780,291 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,850 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,440 |
| Fees for services: Accounting | $6,423 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $16,336 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $62,927 |
| Advertising and promotion | $6,897 |
| Office expenses | $5,006 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $16,889 |
| Insurance | $3,282 |
| All other expenses | $225,914 |
| Total functional expenses | $1,562,016 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $247,686 |
| 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 | $6,700 |
| Inventories for sale or use | $9,200 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,547,803 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,502 |
| Total assets | $2,812,891 |
| Accounts payable and accrued expenses | $0 |
| 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 | $1,439,192 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,032,185 |
| Total liabilities | $2,471,377 |
| 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 | $218,275 |
| Total liabilities and net assets/fund balances | $2,812,891 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Krewe Of Red Beans has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Andrew And Barbara Bangser Charitable Foundation Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas Dental Association Austin, TX | $10,861,399 | $4,136,384 |
Bos Place Houston, TX | $5,835,899 | $1,943,445 |
Tales Of The Cocktail Foundation Inc Metairie, LA | $658,022 | $2,036,416 |
Krewe Of Red Beans New Orleans, LA | $2,812,891 | $1,780,291 |
Culture Aid Nola New Orleans, LA | $593,018 | $1,795,050 |
Rick C & Belinda G Foundation Fayetteville, AR | $24,298,767 | $2,403,306 |
East Mississippi Center For Educational Development Inc Meridian, MS | $1,141,001 | $879,084 |
North Texas Business Council For The Arts Dallas, TX | $531,144 | $506,888 |
Citadelle Art Foundation Canadian, TX | $13,351,512 | $757,046 |
Studio School Of Music Richardson, TX | $483,028 | $643,200 |
Education Foundation Of The Louisiana Restaurant Assoc Inc Metairie, LA | $1,558,683 | $462,324 |
The American Fallen Soldiers Project Inc Addison, TX | $82,523 | $279,712 |