Krewe Of Red Beans
- Assets
- $3.5m
- Revenue
- $710.8k
- Investments
- $0.0
- Employees
- 3
- Location
- New Orleans, LA
- Founding
- 03/2017
- Data as of
- 12/2023
- 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. As of 12/2023, Krewe Of Red Beans employed 3 individuals. 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 12/2023, Krewe Of Red Beans generated $710.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 47.9% each year . All expenses for the organization totaled $714.2k during the year ending 12/2023. While expenses have increased by 55.3% per year over the past 5 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
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:
MUSIC CONCERT SERIES FEATURING CAJUN, ZYDECO AND SAMBA NIGHTS.
BEANLANDIA IS MORE THAN A NEW BUILDING;IT IS A KID FRIENDLY SHARED COMMUNITY VENUE THAT SHOWCASES NEW ORLEANS CULTURE AND PROMOTES INITIATIVES TO PROVIDE THE CULTURE OF NEW ORLEANS AND ITS SURROUNDING AREAS.
BEAN COIN WAS CREATED FOR THE PURPOSE OF SUPPORTING VARIOUS 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 |
|---|---|---|---|
Alphonse Robair Director | Trustee | 1 | $0 |
Angele Givens Treasurer | OfficerTrustee | 2 | $0 |
Stephen Agains Director | Trustee | 1 | $0 |
Amelia Pelegrin Secretary | OfficerTrustee | 2 | $0 |
Matt Wisdom Director | Trustee | 1 | $0 |
Tia Heard Director | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $291,299 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,908 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $299,207 |
| Total Program Service Revenue | $411,629 |
| 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 | $710,836 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,281 |
| 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 | $1,090 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $530 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $15,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,593 |
| Office expenses | $0 |
| 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 | $139,173 |
| Insurance | $21 |
| All other expenses | $127,663 |
| Total functional expenses | $714,207 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,920 |
| 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 | $5,210 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,352,526 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,407 |
| Total assets | $3,497,063 |
| 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 | $1,588,661 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $513,805 |
| Other liabilities | $957,995 |
| Total liabilities | $3,060,461 |
| 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 | $439,973 |
| Total liabilities and net assets/fund balances | $3,497,063 |