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Nonprofiteer
← THE FERTEL FOUNDATION

Form 990 for tax year 2023

Filed by THE FERTEL FOUNDATION.

Totals

Total revenue
$62,347
Total expenses
$237,187
Contributions and grants received
$0
Grants paid
$210,850
Program service revenue
$0
Investment income
$34,838
Other revenue
$27,509
Total assets, end of year
$2,849,699
Total liabilities, end of year
$6,000
Net assets or fund balances, end of year
$2,843,699
Program services expenses (Part IX)
$210,850
Management and general expenses
$26,337
Fundraising expenses
$0
Program service expenses (Part III)
$210,850

Program services were 88.9% 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.

  • 3 · Investment income

    total $31,031 · excluded $31,031

  • 7a · Gross sales of assets other than inventory

    securities $1,109,022

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

    securities $1,105,215

  • 7c · Gain or loss

    securities $3,807

  • 7d · Net gain or loss

    total $3,807 · excluded $3,807

  • 11a · Other revenue: GULLIVERONE, LP K-1 INVESTMENT AC

    total $27,465 · unrelated business $1,753 · excluded $25,712

  • 11b · Other revenue: MISCELLANEOUS INCOME

    total $44 · excluded $44

  • 11e · Other revenue, total

    $27,509

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $210,850 · program services $210,850

  • 11f · Fees: investment management

    total $7,517 · management and general $7,517

  • 11g · Fees: other

    total $25 · management and general $25

  • 24a · Other expenses: ADMINISTRATIVE FEES

    total $18,739 · management and general $18,739

  • 24b · Other expenses: REAL ESTATE TAXES

    total $56 · management and general $56

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $18,093 · end of year $420

  • 11 · Investments: publicly traded securities

    beginning of year $2,289,783 · end of year $2,361,571

  • 12 · Investments: other securities

    beginning of year $434,806 · end of year $487,708

  • 18 · Grants payable

    beginning of year $8,000 · end of year $6,000

  • 27 · Net assets without donor restrictions

    beginning of year $2,734,682 · end of year $2,843,699

Mission and programs · 2023

Mission

THE FERTEL FOUNDATION WAS ORGANIZED SPECIFICALLY AS A SUPPORT ORGANIZATION OF THE GREATER NEW ORLEANS FOUNDATION, A NON PROFIT ORGANIZATION EXEMPT UNDER 501(C)3.

Activities or mission (Part I)

THE FERTEL FOUNDATION WAS ORGANIZED SPECIFICALLY AS A SUPPORT ORGANIZATION (CONT'D ON SCH. O) OF THE GREATER NEW ORLEANS FOUNDATION, A NON PROFIT ORGANIZATION EXEMPT UNDER 501(C)3.

  • THE FERTEL FOUNDATION WAS ORGANIZED SPECIFICALLY AS A SUPPORT ORGANIZATION OF THE GREATER NEW ORLEANS FOUNDATION, A NON PROFIT ORGANIZATION EXEMPT UNDER 501(C)3.

    Expenses $210,850 · Grants $210,850

As filed on the 2023 return.

Listed in Part VII

  • Randy Fertel

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Andrew Kopplin

    DIRECTOR

    Total calculated
    $449,264
    From this org
    $0
    From related orgs
    $393,640
    Other
    $55,624
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $353,640 related
    Bonus
    $0 + $40,000 related
    Other
    $0
    Deferred
    $0 + $33,347 related
    Nontaxable benefits
    $0 + $22,277 related
    Filer's total
    $0 + $449,264 related

  • Leann Moses

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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
2023
Filed
23 September 2024
IRS schema version
2023v5.1
Source object
202402759349300910

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