Form 990 for tax year 2023
Filed by GREATER NEW ORLEANS SPORTS FOUNDATION.
Totals
- Total revenue
- $2,632,690
- Total expenses
- $2,408,696
- Contributions and grants received
- $1,836,575
- Grants paid
- $6,969
- Program service revenue
- $593,887
- Investment income
- $55,878
- Other revenue
- $146,350
- Total assets, end of year
- $4,632,245
- Total liabilities, end of year
- $301,266
- Net assets or fund balances, end of year
- $4,330,979
- Program services expenses (Part IX)
- $1,741,249
- Management and general expenses
- $667,447
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,741,249
Program services were 72.3% 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.
-
1e · Government grants (contributions)
$1,420,327
-
1f · All other contributions, gifts and grants
$416,248
-
2a · Program service revenue: EVENT REVENUE
total $246,037 · related or exempt $246,037
-
2b · Program service revenue: MEMBERSHIP REVENUE
total $212,350 · related or exempt $212,350
-
2c · Program service revenue: MANAGEMENT
total $135,500 · related or exempt $135,500
-
3 · Investment income
total $55,878 · excluded $55,878
-
8a · Fundraising events: gross income
$146,350
-
8c · Net income from fundraising events
total $146,350
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $6,969 · program services $6,969
-
5 · Compensation of officers, directors and key employees
total $385,000 · program services $77,000 · management and general $308,000
-
7 · Other salaries and wages
total $660,303 · program services $660,303
-
8 · Pension plan contributions
total $36,908 · program services $29,526 · management and general $7,382
-
9 · Other employee benefits
total $295,655 · program services $248,704 · management and general $46,951
-
10 · Payroll taxes
total $75,800 · program services $60,640 · management and general $15,160
-
11b · Fees: legal
total $3,650 · management and general $3,650
-
11c · Fees: accounting
total $29,980 · management and general $29,980
-
11d · Fees: lobbying
total $32,000 · management and general $32,000
-
12 · Advertising and promotion
total $139,911 · program services $139,911
-
13 · Office expenses
total $19,247 · management and general $19,247
-
14 · Information technology
total $12,301 · management and general $12,301
-
16 · Occupancy
total $234,297 · program services $187,438 · management and general $46,859
-
17 · Travel
total $10,234 · management and general $10,234
-
19 · Conferences, conventions and meetings
total $780 · management and general $780
-
22 · Depreciation, depletion and amortization
total $779 · management and general $779
-
23 · Insurance
total $32,438 · management and general $32,438
-
24a · Other expenses: SPORTING EVENT EXPENSE
total $314,308 · program services $314,308
-
24b · Other expenses: PROFESSIONAL SERVICES
total $68,416 · management and general $68,416
-
24c · Other expenses: BANK FEES
total $19,436 · management and general $19,436
-
24d · Other expenses: VOLUNTEER EXPENSES
total $9,000 · program services $9,000
-
24e · All other expenses
total $21,284 · program services $7,450 · management and general $13,834
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,507,861 · end of year $863,860
-
4 · Accounts receivable
beginning of year $336,032 · end of year $124,000
-
9 · Prepaid expenses and deferred charges
beginning of year $87,113 · end of year $39,327
-
10a · Land, buildings and equipment: cost or other basis
$11,680
-
10b · Land, buildings and equipment: accumulated depreciation
$4,023
-
10c · Land, buildings and equipment, net
beginning of year $8,435 · end of year $7,657
-
11 · Investments: publicly traded securities
beginning of year $2,233,781 · end of year $3,416,091
-
14 · Intangible assets
end of year $90,061
-
15 · Other assets
beginning of year $149,734 · end of year $91,249
-
17 · Accounts payable and accrued expenses
beginning of year $103,076 · end of year $72,942
-
19 · Deferred revenue
beginning of year $90,700 · end of year $136,850
-
25 · Other liabilities
beginning of year $150,698 · end of year $91,474
-
27 · Net assets without donor restrictions
beginning of year $3,978,482 · end of year $4,330,979
Mission and programs · 2023
Mission
DEVELOP SPORTS TOURISM
-
BRING TOGETHER SPORTS MINDED PEOPLE WHO WILL DEVOTE A PORTION OF THEIR TIME, ENERGY AND FINANCIAL SUPPORT TO DEVELOPMENT OF SPORT TOURISM & RELATED INDUSTRIES IN NEW ORLEANS AND SURROUNDING REGIONS.
Expenses $1,741,249 · Grants $6,969 · Revenue $593,889
As filed on the 2023 return.
Listed in Part VII
-
John J CiceroJOHN J CICERO
EXECUTIVE DI
- Total calculated
- $385,000
- From this org
- $385,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $385,000
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $385,000
-
Jeffrey RossiJEFFREY ROSSI
SENIOR VP O
- Total calculated
- $155,775
- From this org
- $155,775
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $155,775
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $155,775
-
William FerranteWILLIAM FERRANTE
SENIOR VP MA
- Total calculated
- $115,000
- From this org
- $115,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Tricia LoweTRICIA LOWE
VP MEMBERSHI
- Total calculated
- $112,605
- From this org
- $112,605
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Arnold BakerARNOLD BAKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kevin BennettKEVIN BENNETT
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Kim BoyleKIM BOYLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Thomas CapellaTHOMAS CAPELLA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Lawrence ChehardyLAWRENCE CHEHARDY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Richard CortizasRICHARD CORTIZAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Don DavidsonDON DAVIDSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Patricia GreenPATRICIA GREEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
David GuzanDAVID GUZAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Diane HollisDIANE HOLLIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Paul Valteau JrPAUL VALTEAU JR
IMMEDIATE PA
- Total calculated
- $0
- Hours/week
- 2
-
Louis LupinLOUIS LUPIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Tom LupoTOM LUPO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Nick MuellerNICK MUELLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Vincent PalumboVINCENT PALUMBO
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
David PaytonDAVID PAYTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Joseph RaspantiJOSEPH RASPANTI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Amy Reimer-SileoAMY REIMER-SILEO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
David R ShermanDAVID R SHERMAN
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Philip ShermanPHILIP SHERMAN
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Doug ThorntonDOUG THORNTON
DIRECTOR
- 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. 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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202501329349302305
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