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Nonprofiteer
← NEW ORLEANS CULINARY AND HOSPITALITY INSTITUTE INC

Form 990 for tax year 2022

Filed by NEW ORLEANS CULINARY AND HOSPITALITY INSTITUTE INC.

Totals

Total revenue
$4,161,067
Total expenses
$4,202,700
Contributions and grants received
$2,626,735
Grants paid
$203,706
Program service revenue
$1,041,930
Investment income
$48,035
Other revenue
$444,367
Total assets, end of year
$19,060,810
Total liabilities, end of year
$6,482,004
Net assets or fund balances, end of year
$12,578,806
Program services expenses (Part IX)
$3,097,295
Management and general expenses
$975,185
Fundraising expenses
$130,220
Program service expenses (Part III)
$3,097,295

Program services were 73.7% 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.

  • 1c · Fundraising events

    $214,947

  • 1d · Related organizations

    $1,052,195

  • 1e · Government grants (contributions)

    $50,000

  • 1f · All other contributions, gifts and grants

    $1,309,593

  • 1g · Noncash contributions included above

    $557,276

  • 2a · Program service revenue: TUITION

    total $808,642 · related or exempt $808,642

  • 2b · Program service revenue: LEVERAGE LOAN INTEREST - NMTC

    total $233,288 · related or exempt $233,288

  • 3 · Investment income

    total $7,777 · excluded $7,777

  • 6a · Gross rents

    real property $1,290,026

  • 6b · Less rental expenses

    real property $834,885

  • 6c · Rental income or loss

    real property $455,141

  • 6d · Net rental income or loss

    total $455,141 · unrelated business -$30,667 · excluded $485,808

  • 7a · Gross sales of assets other than inventory

    other assets $40,899

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

    other assets $641

  • 7c · Gain or loss

    other assets $40,258

  • 7d · Net gain or loss

    total $40,258 · excluded $40,258

  • 8a · Fundraising events: gross income

    $68,190

  • 8a · Fundraising events: contributions included on line 1c

    $214,947

  • 8b · Fundraising events: direct expenses

    $82,239

  • 8c · Net income from fundraising events

    total -$14,049 · excluded -$14,049

  • 10a · Gross sales of inventory

    $4,339

  • 10b · Cost of goods sold

    $2,659

  • 10c · Net income from sales of inventory

    total $1,680 · unrelated business $1,680

  • 11a · Other revenue: REFUNDS/REIMBURSEMENTS

    total $1,595 · related or exempt $1,595

  • 11e · Other revenue, total

    $1,595

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $203,706 · program services $203,706

  • 5 · Compensation of officers, directors and key employees

    total $195,527 · program services $81,694 · management and general $86,602 · fundraising $27,231

  • 7 · Other salaries and wages

    total $389,302 · program services $319,371 · management and general $69,931

  • 9 · Other employee benefits

    total $107,431 · program services $74,768 · management and general $32,304 · fundraising $359

  • 10 · Payroll taxes

    total $52,271 · program services $38,167 · management and general $13,815 · fundraising $289

  • 11b · Fees: legal

    total $9,892 · management and general $9,892

  • 11c · Fees: accounting

    total $83,245 · management and general $83,245

  • 11e · Fees: professional fundraising services

    total $71,934 · fundraising $71,934

  • 11g · Fees: other

    total $21,045 · program services $12,878 · management and general $2,122 · fundraising $6,045

  • 12 · Advertising and promotion

    total $135,894 · program services $57,805 · management and general $78,089

  • 13 · Office expenses

    total $87,321 · program services $48,938 · management and general $38,383

  • 14 · Information technology

    total $73,141 · program services $24,404 · management and general $40,602 · fundraising $8,135

  • 16 · Occupancy

    total $2,036,931 · program services $1,642,773 · management and general $394,158

  • 17 · Travel

    total $9,788 · program services $3,818 · management and general $5,970

  • 19 · Conferences, conventions and meetings

    total $1,573 · program services $613 · management and general $960

  • 20 · Interest

    total $186,161 · program services $162,406 · management and general $23,755

  • 22 · Depreciation, depletion and amortization

    total $49,173 · program services $44,827 · management and general $4,346

  • 23 · Insurance

    total $707 · program services $424 · management and general $283

  • 24a · Other expenses: COOKING SUPPLIES

    total $464,044 · program services $362,205 · management and general $86,019 · fundraising $15,820

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $18,498 · program services $18,498

  • 24c · Other expenses: TAXES & LICENSES

    total $5,116 · management and general $4,709 · fundraising $407

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $468,023 · end of year $337,889

  • 2 · Savings and temporary cash investments

    beginning of year $6,935 · end of year $1,010

  • 3 · Pledges and grants receivable

    beginning of year $1,836,961 · end of year $1,297,009

  • 4 · Accounts receivable

    beginning of year $160,177 · end of year $321,947

  • 7 · Other notes and loans receivable

    beginning of year $13,281,500 · end of year $13,281,500

  • 9 · Prepaid expenses and deferred charges

    beginning of year $26,815 · end of year $35,210

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

    $159,794

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

    $42,372

  • 10c · Land, buildings and equipment, net

    beginning of year $145,745 · end of year $117,422

  • 11 · Investments: publicly traded securities

    end of year $161,723

  • 15 · Other assets

    beginning of year $1,547,720 · end of year $3,507,100

  • 17 · Accounts payable and accrued expenses

    beginning of year $178,999 · end of year $240,990

  • 19 · Deferred revenue

    beginning of year $151,562 · end of year $233,215

  • 23 · Secured mortgages and notes payable

    beginning of year $4,197,920 · end of year $3,343,324

  • 25 · Other liabilities

    beginning of year $245,338 · end of year $2,664,475

  • 27 · Net assets without donor restrictions

    beginning of year $10,732,966 · end of year $10,815,753

  • 28 · Net assets with donor restrictions

    beginning of year $1,967,091 · end of year $1,763,053

Mission and programs · 2022

Mission

TO CREATE WORLD-CLASS CULINARY AND HOSPITALITY FACILITIES, PROGRAMS, AND RESEARCH THAT DRIVE WORKFORCE AND ECONOMIC DEVELOPMENT FOR THE NEW ORLEANS REGION.

  • NEW ORLEANS CULINARY & HOSPITALITY INSTITUTE, INC OPERATES AS A WORLD-CLASS, POST-SECONDARY VOCATIONAL SCHOOL FOR THE CULINARY AND HOSPITALITY INDUSTRY, WITH INSTRUCTIONAL FACILITIES THAT INCLUDE TWO CULINARY LABS, TWO BAKING AND PASTRY LABS, A BEVERAGE LAB, A DINING LAB, A FOOD SCIENCE AND SENSORY LAB, AND GENERAL CLASSROOM SPACES.THE ORGANIZATION OFFERS TWO CERTIFICATE PROGRAMS IN THE CULINARY FIELD THAT COMPRISE THE PRIMARY PROGRAM SERVICES. GRADUATES OF THE NOCHI CULINARY ARTS CERTIFICATE AND NOCHI BAKING AND PASTRY ARTS CERTIFICATE PROGRAMS ARE EXPECTED TO LEARN THE BASIC FOUNDATIONAL SKILLS THAT ARE CRITICAL TO A PRODUCTION-ORIENTED PROFESSIONAL COOK OR BAKER. THE FACILITIES ALSO INCLUDE A SPACE FOR PRIVATE EVENTS, WHICH IS INTENDED TO GENERATE REVENUE FOR THE SCHOOL AND PROVIDE THE OPPORTUNITY FOR EXPERIENTIAL LEARNING FOR FUTURE STUDENTS. DURING 2022, 42 STUDENTS GRADUATED FROM THE CULINARY & BAKING AND PASTRY ARTS CERTIFICATE PROGRAM, AND AN ADDITIONAL 19 WERE ENROLLED AND SCHEDULED TO GRADUATE MARCH 2023.

    Expenses $2,916,487 · Grants $203,706 · Revenue $810,237

  • REAL ESTATE DEVELOPMENT - TO PARTICIPATE IN THE ACQUISITION AND CONSTRUCTION BY NOCHI REAL ESTATE OF A WORLD-CLASS, POST-SECONDARY VOCATIONAL SCHOOL FOR THE CULINARY AND HOSPITALITY INDUSTRY AS PART OF A NEW MARKETS TAX CREDIT TRANSACTION.

    Expenses $126,114 · Revenue $233,288

  • PUMP (PATHWAYS TO UPWARD MOBILITY), A PROGRAM MEANT TO ELEVATE CAREERS IN THE HOSPITALITY INDUSTRY FOR THE BIPOC (BLACK, INDIGENOUS, AND PEOPLE OF COLOR) GRADUATED ITS INAUGURAL COHORT IN EARLY OCTOBER, AFTER A DELAYED START DUE TO HURRICANE IDA. PARTICIPATION IS FREE AND THE LAUNCH WAS FUNDED WITH A GRANT FROM DIAGEO NORTH AMERICA. THE PROGRAM IS DESIGNED TO ALLOW INDIVIDUALS TO CONTINUE WORKING WHILE PARTICIPATING AND WILL TRACK SUCCESS OF INDIVIDUALS ONCE THEY COMPLETE THE PROGRAM WHILE PROVIDING ONGOING MENTORSHIP AND RESOURCES. DURING 2022, 45 BIPOC STUDENTS WERE ENROLLED IN THE CERTIFICATE PROGRAM.NOCHI HOSTED SEVERAL CONTINUING EDUCATION PROGRAMS INCLUDING THE NOCHI WINE PROFESSIONAL PROGRAM, DESIGNED TO TEACH HOSPITALITY PROFESSIONALS OF ALL LEVELS WINE PROFICIENCY WITH A 21-HOUR CERTIFICATION.

    Expenses $54,694

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

Listed in Part VII

  • MARGARET BEER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • RALPH DICKIE BRENNAN JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • GEORGE BROWER II

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • EDGAR CHASE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • DEBORAH ELAM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • TED GEORGE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • CAROL MARKOWITZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 0.3 related

  • GREG REGGIO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • SEAN TUOHY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • TI ADELAIDE MARTIN

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • LIZ BOULWARE

    VICE CHAIR & SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • WILLIAM HOFFMAN

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • LEAH SARRIS

    EXECUTIVE DIRECTOR (THRU 09/2022)

    Total calculated
    $118,935
    From this org
    $112,574
    From related orgs
    $0
    Other
    $6,361
    Hours/week
    40 + 5 related

  • CASSIE HOLCOMB

    CFO

    Total calculated
    $47,075
    From this org
    $44,460
    From related orgs
    $0
    Other
    $2,615
    Hours/week
    40 + 5 related

  • GERALD DUHON

    EXECUTIVE DIRECTOR

    Total calculated
    $17,221
    From this org
    $16,300
    From related orgs
    $0
    Other
    $921
    Hours/week
    40 + 5 related

  • ASHLEY CHRISTENSEN

    CFO (THRU 01/2022)

    Total calculated
    $12,295
    From this org
    $11,789
    From related orgs
    $0
    Other
    $506
    Hours/week
    40 + 5 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.

Grants on this return

No itemized grants to organizations 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.

  • NOCHI REAL ESTATE

    501(C)(2) · TITLE HOLDING CORPORATION · LA · controlled entity

    Directly controlled by NEW ORLEANS CULINARY & HOSPITALITY INSTITUTE

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202303199349311730

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