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Nonprofiteer
← THE GREATER NEW ORLEANS FOUNDATION

Form 990 for tax year 2023

Filed by THE GREATER NEW ORLEANS FOUNDATION.

Totals

Total revenue
$43,225,517
Total expenses
$43,132,560
Contributions and grants received
$33,671,642
Grants paid
$33,854,552
Program service revenue
$794,182
Investment income
$8,710,306
Other revenue
$49,387
Total assets, end of year
$475,580,976
Total liabilities, end of year
$3,174,749
Net assets or fund balances, end of year
$472,406,227
Program services expenses (Part IX)
$39,066,569
Management and general expenses
$2,494,946
Fundraising expenses
$1,571,045
Program service expenses (Part III)
$39,066,569

Program services were 90.6% 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

    $131,792

  • 1e · Government grants (contributions)

    $452,988

  • 1f · All other contributions, gifts and grants

    $33,086,862

  • 1g · Noncash contributions included above

    $7,342,970

  • 2a · Program service revenue: ADMINISTRATIVE FEES

    total $757,866 · related or exempt $757,866

  • 2b · Program service revenue: TRAINING FEES

    total $21,316 · related or exempt $21,316

  • 2c · Program service revenue: WORKFORCE INNOVATION

    total $15,000 · related or exempt $15,000

  • 3 · Investment income

    total $6,566,477 · unrelated business -$76,925 · excluded $6,643,402

  • 5 · Royalties

    total $3,400 · excluded $3,400

  • 6a · Gross rents

    real property $44,893

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $44,893

  • 6d · Net rental income or loss

    total $44,893 · excluded $44,893

  • 7a · Gross sales of assets other than inventory

    securities $184,288,813

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

    securities $182,144,984

  • 7c · Gain or loss

    securities $2,143,829

  • 7d · Net gain or loss

    total $2,143,829 · excluded $2,143,829

  • 11a · Other revenue: LEGAL SETTLEMENTS

    total $1,094 · excluded $1,094

  • 11e · Other revenue, total

    $1,094

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $33,852,602 · program services $33,852,602

  • 2 · Grants to domestic individuals

    total $1,950 · program services $1,950

  • 5 · Compensation of officers, directors and key employees

    total $1,532,139 · program services $635,943 · management and general $494,519 · fundraising $401,677

  • 7 · Other salaries and wages

    total $2,039,529 · program services $818,132 · management and general $669,250 · fundraising $552,147

  • 8 · Pension plan contributions

    total $239,938 · program services $99,282 · management and general $86,021 · fundraising $54,635

  • 9 · Other employee benefits

    total $105,523 · program services $55,687 · management and general $29,472 · fundraising $20,364

  • 10 · Payroll taxes

    total $236,352 · program services $97,093 · management and general $81,282 · fundraising $57,977

  • 11b · Fees: legal

    total $67,476 · program services $10,488 · management and general $56,988

  • 11c · Fees: accounting

    total $81,906 · management and general $81,906

  • 11d · Fees: lobbying

    total $30,000 · management and general $30,000

  • 11e · Fees: professional fundraising services

    total $53,438 · fundraising $53,438

  • 11f · Fees: investment management

    total $1,131,413 · program services $1,131,413

  • 11g · Fees: other

    total $1,681,714 · program services $1,363,309 · management and general $288,008 · fundraising $30,397

  • 12 · Advertising and promotion

    total $188,099 · program services $35,651 · management and general $48,789 · fundraising $103,659

  • 13 · Office expenses

    total $73,934 · program services $31,556 · management and general $17,860 · fundraising $24,518

  • 14 · Information technology

    total $244,885 · program services $115,600 · management and general $110,840 · fundraising $18,445

  • 16 · Occupancy

    total $314,487 · program services $152,615 · management and general $91,033 · fundraising $70,839

  • 17 · Travel

    total $76,227 · program services $32,508 · management and general $42,294 · fundraising $1,425

  • 19 · Conferences, conventions and meetings

    total $250,578 · program services $181,346 · management and general $65,786 · fundraising $3,446

  • 22 · Depreciation, depletion and amortization

    total $277,743 · program services $116,820 · management and general $88,948 · fundraising $71,975

  • 23 · Insurance

    total $129,549 · program services $54,480 · management and general $42,327 · fundraising $32,742

  • 24a · Other expenses: EVENT MANAGEMENT

    total $90,916 · program services $11,867 · management and general $29,250 · fundraising $49,799

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $89,732 · program services $23,999 · management and general $64,727 · fundraising $1,006

  • 24c · Other expenses: HOUSING EXPENSES

    total $88,149 · program services $88,149

  • 24d · Other expenses: DEVELOPMENT & PR

    total $78,958 · program services $32,372 · management and general $25,076 · fundraising $21,510

  • 24e · All other expenses

    total $175,323 · program services $123,707 · management and general $50,570 · fundraising $1,046

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,711,760 · end of year $5,705,087

  • 2 · Savings and temporary cash investments

    beginning of year $25,757,192 · end of year $23,127,315

  • 3 · Pledges and grants receivable

    beginning of year $4,035,585 · end of year $2,158,225

  • 4 · Accounts receivable

    beginning of year $1,498,151 · end of year $965,630

  • 7 · Other notes and loans receivable

    beginning of year $25,998,147 · end of year $24,635,966

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

    $13,535,799

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

    $1,941,239

  • 10c · Land, buildings and equipment, net

    beginning of year $11,631,404 · end of year $11,594,560

  • 11 · Investments: publicly traded securities

    beginning of year $357,077,516 · end of year $406,849,603

  • 15 · Other assets

    beginning of year $436,168 · end of year $544,590

  • 17 · Accounts payable and accrued expenses

    beginning of year $495,122 · end of year $326,820

  • 18 · Grants payable

    beginning of year $1,027,500 · end of year $460,000

  • 25 · Other liabilities

    beginning of year $2,429,587 · end of year $2,387,929

  • 27 · Net assets without donor restrictions

    beginning of year $410,115,498 · end of year $454,604,325

  • 28 · Net assets with donor restrictions

    beginning of year $17,078,216 · end of year $17,801,902

Mission and programs · 2023

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 RECENTLY CONCLUDED ITS "BE GREATER CAMPAIGN" - A BOLD EFFORT THAT SAW THE FOUNDATION'S BASE OF ASSETS GROW TO OVER $500 MILLION AND THE FOUNDATION'S OWN ENDOWED FUNDS BY NEARLY $20 MILLION BY 2023.(CONT'D ON SCH O)

    Expenses $39,066,569 · Grants $33,854,552 · Revenue $794,182

As filed on the 2023 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

  • 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

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • DR MAUDE BROWN 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

  • PATRICIA WEEKS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ANDY WISDOM

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DAVID BARKSDALE

    CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • LYNNE BURKART

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • ALEX GERSHANIK

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • ARTHUR ROGER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • STEVEN W USDIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • CATHY WRIGHT ISAACSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ROBERT A BORIES

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • ALLISON BERGER TILLER

    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

  • VANESSA BROWN CLAIBORNE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • WILLIAM M HAMMACK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DENNIS LAUSCHA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • TANDRA LEMAY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DEANNA RODRIGUEZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ANDREW KOPPLIN

    PRESIDENT & CEO

    Total calculated
    $449,264
    From this org
    $393,640
    From related orgs
    $0
    Other
    $55,624
    Hours/week
    40 + 8 related

    Schedule J breakdown matched by us

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

  • ERIC SELING

    VP, FINANCE & OPERATIONS

    Total calculated
    $254,859
    From this org
    $235,308
    From related orgs
    $0
    Other
    $19,551
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $221,808
    Bonus
    $13,500
    Other
    $0
    Deferred
    $19,551
    Nontaxable benefits
    $0
    Filer's total
    $254,859

  • KELLIE CHAVEZ-GREENE

    VP, PROGRAMS

    Total calculated
    $221,647
    From this org
    $183,852
    From related orgs
    $0
    Other
    $37,795
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $174,352
    Bonus
    $9,500
    Other
    $0
    Deferred
    $15,737
    Nontaxable benefits
    $22,058
    Filer's total
    $221,647

  • KENNETH ST CHARLES

    VP, PHILANTHROPY

    Total calculated
    $218,004
    From this org
    $200,980
    From related orgs
    $0
    Other
    $17,024
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $194,980
    Bonus
    $6,000
    Other
    $0
    Deferred
    $16,544
    Nontaxable benefits
    $480
    Filer's total
    $218,004

  • KARLA RIVERA

    CHIEF OF STAFF

    Total calculated
    $208,714
    From this org
    $186,824
    From related orgs
    $0
    Other
    $21,890
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,824
    Bonus
    $10,000
    Other
    $0
    Deferred
    $15,567
    Nontaxable benefits
    $6,323
    Filer's total
    $208,714

  • COURTNEY THOMAS

    VP, COMMUNICATIONS & PUBLIC AFFAIRS

    Total calculated
    $179,651
    From this org
    $162,918
    From related orgs
    $0
    Other
    $16,733
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,918
    Bonus
    $6,000
    Other
    $0
    Deferred
    $9,720
    Nontaxable benefits
    $7,013
    Filer's total
    $179,651

  • SHERINA CLAVIER

    DIRECTOR, FINANCE

    Total calculated
    $162,679
    From this org
    $149,470
    From related orgs
    $0
    Other
    $13,209
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,970
    Bonus
    $7,500
    Other
    $0
    Deferred
    $12,450
    Nontaxable benefits
    $759
    Filer's total
    $162,679

  • ROY WILLIAMS

    DIRECTOR, GRANTMAKING

    Total calculated
    $133,439
    From this org
    $117,025
    From related orgs
    $0
    Other
    $16,414
    Hours/week
    40

  • KRISTINA KENT

    DIRECTOR, WORKFORCE PROGRAMS

    Total calculated
    $130,849
    From this org
    $117,718
    From related orgs
    $0
    Other
    $13,131
    Hours/week
    40

  • DANIEL FAVRE

    DIRECTOR, ENVIRONMENTAL PROGRAMS

    Total calculated
    $129,596
    From this org
    $114,230
    From related orgs
    $0
    Other
    $15,366
    Hours/week
    40

  • DEVON TURNER

    DIRECTOR, NONPROFIT LEADERSHIP & EFFECTIVENESS

    Total calculated
    $131,749
    From this org
    $109,825
    From related orgs
    $0
    Other
    $21,924
    Hours/week
    40

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
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202433209349313398

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