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Nonprofiteer
← THE GREATER NEW ORLEANS FOUNDATION

Form 990 for tax year 2022

Filed by THE GREATER NEW ORLEANS FOUNDATION.

Totals

Total revenue
$52,417,713
Total expenses
$46,464,904
Contributions and grants received
$40,233,739
Grants paid
$36,114,873
Program service revenue
$397,252
Investment income
$11,722,331
Other revenue
$64,391
Total assets, end of year
$431,145,923
Total liabilities, end of year
$3,952,209
Net assets or fund balances, end of year
$427,193,714
Program services expenses (Part IX)
$42,445,183
Management and general expenses
$2,265,445
Fundraising expenses
$1,754,276
Program service expenses (Part III)
$42,445,183

Program services were 91.3% 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.

  • 1d · Related organizations

    $597,195

  • 1e · Government grants (contributions)

    $200,000

  • 1f · All other contributions, gifts and grants

    $39,436,544

  • 1g · Noncash contributions included above

    $4,310,985

  • 2a · Program service revenue: ADMINISTRATIVE FEES

    total $294,262 · related or exempt $294,262

  • 2b · Program service revenue: WORKFORCE INNOVATION

    total $82,176 · related or exempt $82,176

  • 2c · Program service revenue: TRAINING FEES

    total $20,814 · related or exempt $20,814

  • 3 · Investment income

    total $5,990,617 · unrelated business -$93,376 · excluded $6,083,993

  • 5 · Royalties

    total $4,294 · excluded $4,294

  • 6a · Gross rents

    real property $60,097

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $60,097

  • 6d · Net rental income or loss

    total $60,097 · excluded $60,097

  • 7a · Gross sales of assets other than inventory

    securities $196,769,298

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

    securities $191,037,584

  • 7c · Gain or loss

    securities $5,731,714

  • 7d · Net gain or loss

    total $5,731,714 · excluded $5,731,714

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $34,584,273 · program services $34,584,273

  • 2 · Grants to domestic individuals

    total $1,530,600 · program services $1,530,600

  • 5 · Compensation of officers, directors and key employees

    total $1,295,613 · program services $358,980 · management and general $494,239 · fundraising $442,394

  • 7 · Other salaries and wages

    total $2,110,950 · program services $1,053,162 · management and general $442,860 · fundraising $614,928

  • 8 · Pension plan contributions

    total $193,584 · program services $89,234 · management and general $20,352 · fundraising $83,998

  • 9 · Other employee benefits

    total $209,845 · program services $103,453 · management and general $56,185 · fundraising $50,207

  • 10 · Payroll taxes

    total $209,277 · program services $88,296 · management and general $64,053 · fundraising $56,928

  • 11b · Fees: legal

    total $29,085 · program services $7,023 · management and general $21,678 · fundraising $384

  • 11c · Fees: accounting

    total $75,285 · management and general $75,285

  • 11d · Fees: lobbying

    total $27,000 · management and general $27,000

  • 11e · Fees: professional fundraising services

    total $2,190 · fundraising $2,190

  • 11f · Fees: investment management

    total $1,227,615 · program services $1,227,615

  • 11g · Fees: other

    total $3,005,383 · program services $2,391,616 · management and general $458,113 · fundraising $155,654

  • 12 · Advertising and promotion

    total $98,029 · program services $26,727 · management and general $29,899 · fundraising $41,403

  • 13 · Office expenses

    total $115,086 · program services $55,756 · management and general $34,812 · fundraising $24,518

  • 14 · Information technology

    total $193,808 · program services $81,394 · management and general $61,802 · fundraising $50,612

  • 16 · Occupancy

    total $290,620 · program services $123,316 · management and general $90,716 · fundraising $76,588

  • 17 · Travel

    total $85,862 · program services $54,267 · management and general $25,620 · fundraising $5,975

  • 19 · Conferences, conventions and meetings

    total $322,261 · program services $127,475 · management and general $140,049 · fundraising $54,737

  • 22 · Depreciation, depletion and amortization

    total $268,747 · program services $112,899 · management and general $82,970 · fundraising $72,878

  • 23 · Insurance

    total $75,491 · program services $30,990 · management and general $24,496 · fundraising $20,005

  • 24a · Other expenses: BANK & CREDIT CARD FEES

    total $386,415 · program services $365,578 · management and general $20,837

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $85,359 · program services $14,958 · management and general $71,216 · fundraising -$815

  • 24c · Other expenses: DEVELOPMENT/PR

    total $29,745 · program services $16,687 · management and general $11,366 · fundraising $1,692

  • 24d · Other expenses: TAXES

    total $6,600 · management and general $6,600

  • 24e · All other expenses

    total $6,181 · program services $884 · management and general $5,297

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $13,013,163 · end of year $4,711,760

  • 2 · Savings and temporary cash investments

    beginning of year $21,261,407 · end of year $25,757,192

  • 3 · Pledges and grants receivable

    beginning of year $3,499,819 · end of year $4,035,585

  • 4 · Accounts receivable

    beginning of year $1,904,417 · end of year $1,498,151

  • 7 · Other notes and loans receivable

    beginning of year $27,060,254 · end of year $25,998,147

  • 10a · Land, buildings and equipment: cost or other basis

    $13,294,900

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,663,496

  • 10c · Land, buildings and equipment, net

    beginning of year $11,803,810 · end of year $11,631,404

  • 11 · Investments: publicly traded securities

    beginning of year $413,710,240 · end of year $357,077,516

  • 15 · Other assets

    beginning of year $405,487 · end of year $436,168

  • 17 · Accounts payable and accrued expenses

    beginning of year $145,677 · end of year $495,122

  • 18 · Grants payable

    beginning of year $450,023 · end of year $1,027,500

  • 25 · Other liabilities

    beginning of year $3,023,423 · end of year $2,429,587

  • 27 · Net assets without donor restrictions

    beginning of year $467,819,860 · end of year $410,115,498

  • 28 · Net assets with donor restrictions

    beginning of year $21,219,614 · end of year $17,078,216

Mission and programs · 2022

Mission

THE GREATER NEW ORLEANS FOUNDATION (GNOF) IS THE COMMUNITY FOUNDATION FOR THE SOUTHEAST LOUISIANA REGION, IMPROVING OUR COMMUNITY'S FUTURE THROUGH FUND MANAGEMENT, NONPROFIT EFFECTIVENESS TRAINING, PROGRAMMATIC INITIATIVES, (CONT'D ON SCH O)

Activities or mission (Part I)

THE GREATER NEW ORLEANS FOUNDATION (GNOF) IS THE COMMUNITY FOUNDATION (CONT'D ON SCH O)

  • BECAUSE THE FOUNDATION SEEKS TO IMPROVE THE QUALITY OF LIFE FOR ALL, WE PROMOTE PHILANTHROPY AS A CRITICAL RESOURCE FOR EFFORTS TO ADDRESS OUR COMMUNITY'S PRESSING ISSUES. BELOW IS A LISTING OF SOME OF THE FOUNDATION'S MOST IMPORTANT WORK.CAPITAL CAMPAIGN: THE GREATER NEW ORLEANS FOUNDATION HAS BEEN INTRODUCING PHILANTHROPIC MINDED LEADERS AND INDIVIDUALS TO OUR "BE GREATER CAMPAIGN" - A BOLD EFFORT TO GROW THE FOUNDATION'S BASE OF ASSETS TO $500 MILLION AND TO INCREASE THE FOUNDATION'S OWN ENDOWED FUNDS THAT SUPPORT OUR LEADERSHIP ACTIVITIES BY $20 MILLION BY 2023.(CONT'D ON SCH O)

    Expenses $42,445,183 · Grants $36,114,873 · Revenue $397,252

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jeanette M Davis-Loeb

    SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Gayle Benson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Ronald Burns Sr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Catherine Freeman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Hon Brian A Jackson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • R Foster Duncan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Dr Maude Lofton

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Katie Crosby

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Roger Ogden

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Nancy Bissinger Timm

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Bertrand Wilson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Lynes R Sloss

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Patricia Weeks

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Andy Wisdom

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • David Barksdale

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Lynne Burkart

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Alex Gershanik

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Arthur Roger

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Steven W Usdin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Cathy W Isaacson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Jimmie M Woods Sr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Warner L Thomas

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Leann O Moses

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Robert A Bories

    CHAIR

    Total calculated
    $0
    Hours/week
    2 + 3 related

  • Allison Berger Tiller

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Karen Coaxum

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Richard Cortizas

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Erica Beck

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • John Hairston

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Jeff Hebert

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Monica Sylvain

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Andrew Kopplin

    PRESIDENT & CEO

    Total calculated
    $427,225
    From this org
    $378,290
    From related orgs
    $0
    Other
    $48,935
    Hours/week
    40 + 5 related

    Schedule J breakdown matched by us

    Base
    $342,290
    Bonus
    $36,000
    Other
    $0
    Deferred
    $30,263
    Nontaxable benefits
    $18,672
    Filer's total
    $427,225

  • Eric Seling

    VP, FINANCE & OPERATIONS

    Total calculated
    $246,385
    From this org
    $228,128
    From related orgs
    $0
    Other
    $18,257
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $214,228
    Bonus
    $13,900
    Other
    $0
    Deferred
    $18,250
    Nontaxable benefits
    $7
    Filer's total
    $246,385

  • Kellie Chavez-Greene

    VP, PROGRAMS

    Total calculated
    $210,865
    From this org
    $177,165
    From related orgs
    $0
    Other
    $33,700
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,665
    Bonus
    $10,500
    Other
    $0
    Deferred
    $14,173
    Nontaxable benefits
    $19,527
    Filer's total
    $210,865

  • Kenneth St Charles

    VP, PHILANTHROPY

    Total calculated
    $211,661
    From this org
    $195,549
    From related orgs
    $0
    Other
    $16,112
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $188,549
    Bonus
    $7,000
    Other
    $0
    Deferred
    $15,644
    Nontaxable benefits
    $468
    Filer's total
    $211,661

  • Karla Rivera

    CHIEF OF STAFF

    Total calculated
    $199,476
    From this org
    $179,301
    From related orgs
    $0
    Other
    $20,175
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,801
    Bonus
    $10,500
    Other
    $0
    Deferred
    $14,344
    Nontaxable benefits
    $5,831
    Filer's total
    $199,476

  • Richard Martinez

    SENIOR PROGRAM OFFICER

    Total calculated
    $125,308
    From this org
    $102,534
    From related orgs
    $0
    Other
    $22,774
    Hours/week
    40

  • Sherina Clavier

    DIRECTOR, FINANCE

    Total calculated
    $155,090
    From this org
    $142,904
    From related orgs
    $0
    Other
    $12,186
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,404
    Bonus
    $8,500
    Other
    $0
    Deferred
    $11,432
    Nontaxable benefits
    $754
    Filer's total
    $155,090

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

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHARITABLE REMAINDER TRUST (5)

    T · INVESTMENT · LA

    Directly controlled by GREATER NEW ORLEANS FOUNDATION

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202343199349310824

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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