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Nonprofiteer
← SOUTHERN EYE-BANK

Form 990 for tax year 2024

Filed by SOUTHERN EYE-BANK.

Totals

Total revenue
$404,488
Total expenses
$501,563
Contributions and grants received
$1,000
Grants paid
$369,920
Program service revenue
$0
Investment income
$403,488
Other revenue
$0
Total assets, end of year
$11,666,403
Total liabilities, end of year
$18,168
Net assets or fund balances, end of year
$11,648,235
Program services expenses (Part IX)
$369,920
Management and general expenses
$131,643
Fundraising expenses
$0
Program service expenses (Part III)
$369,920

Program services were 73.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,000

  • 3 · Investment income

    total $303,872 · excluded $303,872

  • 7a · Gross sales of assets other than inventory

    securities $2,507,607

  • 7b · Less cost or other basis and sales expenses

    securities $2,407,991

  • 7c · Gain or loss

    securities $99,616

  • 7d · Net gain or loss

    total $99,616 · excluded $99,616

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $369,920 · program services $369,920

  • 11f · Fees: investment management

    total $46,433 · management and general $46,433

  • 19 · Conferences, conventions and meetings

    total $13,432 · management and general $13,432

  • 24a · Other expenses: ADMIN FEES

    total $70,565 · management and general $70,565

  • 24b · Other expenses: BANK FEES

    total $1,213 · management and general $1,213

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $26,348 · end of year $7,704

  • 4 · Accounts receivable

    beginning of year $34,702 · end of year $30,076

  • 7 · Other notes and loans receivable

    beginning of year $975,604 · end of year $760,717

  • 11 · Investments: publicly traded securities

    beginning of year $10,120,992 · end of year $10,867,906

  • 17 · Accounts payable and accrued expenses

    beginning of year $19,983 · end of year $18,168

  • 27 · Net assets without donor restrictions

    beginning of year $11,137,663 · end of year $11,648,235

Mission and programs · 2024

Mission

THE SOUTHERN EYE BANK FOUNDATION SUPPORTS THE GREATER NEW ORLEANS FOUNDATION (GNOF), A COMMUNITY FOUNDATION, AND OTHER PUBLIC CHARITIES THAT PROMOTE AND ACHIEVE THE GOALS OF GNOF, WHICH GOALS INCLUDE THE ENRICHMENT OF LIFE IN THE GREATER NEW ORLEANS (CONTINUED ON SCH. O) AREA BY SERVING AS A CONDUIT FOR DONATIONS DEDICATED TO IMPROVE THE COMMUNITY, AND PARTICULARLY, NON-PROFIT ORGANIZATIONS THAT WORK TO SUPPORT THE ENHANCEMENT OF VISION AND EYECARE AND RELATED SERVICES FOR RESIDENTS IN SOUTHEAST LOUISIANA.

Activities or mission (Part I)

THE SOUTHERN EYE BANK FOUNDATION WAS ORGANIZED SPECIFICALLY FOR THE (CONT'D ON SCHEDULE O)BENEFIT OF THE GREATER NEW ORLEANS FOUNDATION, A NON PROFIT ORGANIZATION EXEMPT UNDER 501(C)3.

  • THE SOUTHERN EYE BANK FOUNDATION SUPPORTS THE GREATER NEW ORLEANS FOUNDATION (GNOF), A COMMUNITY FOUNDATION, AND OTHER PUBLIC CHARITIES THAT PROMOTE AND ACHIEVE THE GOALS OF GNOF, WHOSE GOALS INCLUDE THE ENRICHMENT OF LIFE IN THE GREATER NEW ORLEANS AREA BY SERVING AS A CONDUIT FOR DONATIONS DEDICATED TO IMPROVE THE COMMUNITY, AND PARTICULARLY, NON-PROFIT ORGANIZATIONS THAT WORK TO SUPPORT THE ENHANCEMENT OF VISION AND EYECARE AND RELATED SERVICES FOR RESIDENTS IN SOUTHEAST LOUISIANA.

    Expenses $369,920 · Grants $369,920

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Hon Camille Buras-Tifft

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • David Kennedy MD

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Charles F Seeman III

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Cle Dabezies

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Bruce Barron MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Maria Bernal MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Father James Carter

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Maurice Gaudet IV

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Clifford A Hendricks III MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Peter Kastl MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Ginny Kullman MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Rebecca Metzinger MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Belva Misshore-Pichon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Pulin Shah MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Peter Sperling

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
21 October 2025
IRS schema version
2024v5.2
Source object
202532949349301483

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