2023-11-15T12:13:27-06:00 2022-12-31 923320348 EAG GULF COAST LLC ONE GALLERIA BLVD STE 2100 METAIRIE LA 70001 990 2022-01-01 463311280 NEW ORLEANS CULINARY & HOSPITALITY INSTITUTE NEWO 5048914060 725 HOWARD AVENUE 101 NEW ORLEANS LA 70130 GERALD DUHON EXECUTIVE DIRECTOR 5048914060 2023-11-15 1 GERALD DUHON 999009999 1 SHARON CASSIERE P00543368 5048375990 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z GERALD DUHON 725 HOWARD AVENUE 101 NEW ORLEANS LA 70130 5081491 0 X WWW.NOCHI.ORG X 2013 LA TO CREATE WORLD-CLASS CULINARY AND HOSPITALITY FACILITIES, PROGRAMS, AND RESEARCH THAT DRIVE WORKFORCE AND ECONOMIC DEVELOPMENT FOR THE NEW ORLEANS REGION. 12 12 53 12 -28987 621 3512479 2626735 808029 1041930 3043 48035 456111 444367 4779662 4161067 72383 203706 0 0 391231 744531 40723 71934 130220 2909036 3182529 3413373 4202700 1366289 -41633 17473876 19060810 4773819 6482004 12700057 12578806 X TO CREATE WORLD-CLASS CULINARY AND HOSPITALITY FACILITIES, PROGRAMS, AND RESEARCH THAT DRIVE WORKFORCE AND ECONOMIC DEVELOPMENT FOR THE NEW ORLEANS REGION. 0 0 2916487 203706 810237 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. 126114 233288 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. 54694 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. 3097295 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 1 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 0 1 51 0 1 53 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 12 12 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X CASSIE HOLCOMB 5048914060 725 HOWARD AVENUE 101 NEW ORLEANS LA 70130 MARGARET BEER DIRECTOR 5.00 X 0 0 0 RALPH DICKIE BRENNAN JR DIRECTOR 5.00 X 0 0 0 GEORGE BROWER II DIRECTOR 5.00 X 0 0 0 EDGAR CHASE DIRECTOR 5.00 X 0 0 0 DEBORAH ELAM DIRECTOR 5.00 X 0 0 0 TED GEORGE DIRECTOR 5.00 X 0 0 0 CAROL MARKOWITZ DIRECTOR 5.00 0.30 X 0 0 0 GREG REGGIO DIRECTOR 5.00 X 0 0 0 SEAN TUOHY DIRECTOR 5.00 X 0 0 0 TI ADELAIDE MARTIN CHAIR 5.00 X X 0 0 0 LIZ BOULWARE VICE CHAIR & SECRETARY 5.00 X X 0 0 0 WILLIAM HOFFMAN TREASURER 5.00 X X 0 0 0 LEAH SARRIS EXECUTIVE DIRECTOR (THRU 09/2022) 40.00 5.00 X 112574 0 6361 CASSIE HOLCOMB CFO 40.00 5.00 X 44460 0 2615 GERALD DUHON EXECUTIVE DIRECTOR 40.00 5.00 X 16300 0 921 ASHLEY CHRISTENSEN CFO (THRU 01/2022) 40.00 5.00 X 11789 0 506 185123 0 10403 1 0 0 0 0 214947 1052195 50000 1309593 557276 2626735 TUITION 611519 808642 808642 LEVERAGE LOAN INTEREST - NMTC 531390 233288 233288 1041930 7777 7777 1290026 834885 455141 455141 -30667 485808 40899 641 40258 40258 40258 68190 214947 82239 -14049 -14049 4339 2659 1680 1680 REFUNDS/REIMBURSEMENTS 900099 1595 1595 1595 4161067 1043525 -28987 519794 203706 203706 195527 81694 86602 27231 389302 319371 69931 107431 74768 32304 359 52271 38167 13815 289 9892 9892 83245 83245 71934 71934 21045 12878 2122 6045 135894 57805 78089 87321 48938 38383 73141 24404 40602 8135 2036931 1642773 394158 9788 3818 5970 1573 613 960 186161 162406 23755 49173 44827 4346 707 424 283 COOKING SUPPLIES 464044 362205 86019 15820 BAD DEBT EXPENSE 18498 18498 TAXES & LICENSES 5116 4709 407 4202700 3097295 975185 130220 468023 337889 6935 1010 1836961 1297009 160177 321947 13281500 13281500 26815 35210 159794 42372 145745 117422 161723 1547720 3507100 17473876 19060810 178999 240990 151562 233215 4197920 3343324 245338 2664475 4773819 6482004 X 10732966 10815753 1967091 1763053 12700057 12578806 17473876 19060810 -41633 -36560 -43058 0 X X 0 1 X 1 0 X 4269410 2942170 1790499 3893640 2626735 15522454 4269410 2942170 1790499 3893640 2626735 15522454 4678090 10844364 190106 1094241 792810 1064536 1297803 4439496 5 477 1595 2077 19964027 8750200 0.54320 0.56880 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: REIMBURSEMENTS OF PRIOR COSTS - 2019 AMOUNT: $ 5. 2021 AMOUNT: $ 477. 2022 AMOUNT: $ 1,595. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 149640 34293 115347 10154 8079 2075 117422 DUE FROM NOCHI RE 1091293 STRAIGHT LINE LEASE RECEIVABLE 86820 OPERATING LEASE RIGHT OF USE ASSETS 2328987 3507100 DUE TO NOCHI RE 275259 LEASE LIABILITIES 2389216 2664475 X PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) AND 501(C)(2) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE LAW. THE ORGANIZATION MAY RECOGNIZE THE TAX BENEFIT FROM A TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE ORGANIZATION AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBIT). THE ORGANIZATION HAS ANALYZED ITS TAX POSITIONS TAKEN FOR FILINGS WITH THE INTERNAL REVENUE SERVICE AND THE STATE OF LOUISIANA. THE ORGANIZATION BELIEVES THAT ITS INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON THE ORGANIZATION'S FINANCIAL CONDITION, RESULTS OF OPERATIONS, OR CASH FLOWS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 NOCHI ADMITS QUALIFIED APPLICANTS OF ANY RACE, GENDER, AGE, COLOR, RELIGION, NATIONAL OR ETHNIC ORIGIN, SEXUAL ORIENTATION, GENDER IDENTITY, DISABILITY, GENETIC INFORMATION, MARITAL STATUS OR VETERAN STATUS. THIS QUOTE IS LISTED ON APPLICATION AND ON WEBSITE AND ALL MEDIA QUOTES. SCHEDULE E, PART I, LINE 6 IN 2022, NOCHI RECEIVED A $50,000 GRANT FROM THE NEW ORLEANS TOURISM AND CULTURE FUND (NOTCF) TO SUPPORT THE NOCHI CERTIFICATE PROGRAM. X X X X X X 1 MELISSA MANUSELIS 2316 JOLIET STREET NEW ORLEANS LA 70118 FUNDRAISING STRATEGY & SUPPORT 0 164000 67804 96196 164000 67804 96196 LA COOKING FOR A CAUSE 283137 214947 68190 52550 2280 5722 2100 19587 283137 214947 68190 52550 2280 5722 2100 19587 82239 -14049 SCHEDULE G, PART I, LINE 2B, COLUMN (V) THE ORGANIZATION HAD WRITTEN CONTRACTS WITH FUNDRAISERS TO PROVIDE SERVICES BASED ON AN HOURLY RATE. 1 SCHOLARSHIPS 43 203706 PART I, LINE 2: NOCHI IS NOT ELIGIBLE FOR FAFSA FUNDS, BUT USES THE SAME CRITERIA TO QUALIFY STUDENTS FOR PRIVATE NEED-BASED SCHOLARSHIPS. EVERY STUDENT WHO HAS A NEED-BASED AWARD MAXIMUM GREATER THAN ZERO WILL BE ELIGIBLE FOR AN EQUAL SHARE OF DESIGNATED NOCHI FUNDS. X 1 504504 FMV X 1 222 FMV X GIFT CERTIFICATES 17 52550 FMV 0 0 0 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF INSTANCES OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 2 GEORGE BROWER, II AND RICHARD BRENNAN, JR. HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE DIRECTOR OF FINANCE ALONG WITH THE EXECUTIVE DIRECTOR FOR COMPLETENESS OR ANY DISCREPANCIES. IF ANY DISCREPANCIES ARE FOUND, THEY ARE RELAYED TO THE CPA FIRM FOR CHANGES/UPDATES. THE FINAL COPY IS PRESENTED TO THE BOARD FOR ADDITIONAL QUESTIONS AND FOLLOW UP. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY THE POLICY AND DISCLOSURE FORMS ARE DISTRIBUTED TO ALL BOARD MEMBERS AND OFFICERS WHO ARE REQUIRED TO SIGN AND RETURN TO THE EXECUTIVE DIRECTOR. ANY POTENTIAL CONFLICTS WILL CAUSE A PERSON TO EXCUSE THEMSELVES FROM VOTE ON THE ISSUE CAUSING CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES NEGOTIATIONS FOR THE EXECUTIVE DIRECTOR'S COMPENSATION. THE FINAL REVIEW WAS CONDUCTED BY THE FULL BOARD AND IS DOCUMENTED IN THE BOARD MINUTES. THE DIRECTOR OF FINANCE'S COMPENSATION IS BASED UPON NATIONAL AVERAGE FOR SIMILAR POSITIONS IN REGION. FORM 990, PART VI, SECTION C, LINE 19 ALL INFORMATION IS AVAILABLE UPON REQUEST. PART XII, LINE 2C THERE HAVE BEEN NO CHANGES FROM THE PRIOR YEAR IN THE OVERSIGHT OR SELECTION PROCESSES FOR THE AUDIT THAT THE ORGANZIATION'S COMMITTEE USES. NOCHI REAL ESTATE 725 HOWARD AVE SUITE 101 NEW ORLEANS LA 70130 822982419 TITLE HOLDING CORPORATION LA 501(C)(2) NEW ORLEANS CULINARY & HOSPITALITY INSTITUTE 1 1 0 1 1 1 0 0 0 0 0 1 1 0 1 0 0 0 0 0 NOCHI REAL ESTATE A 62748 LOAN AGREEMENT NOCHI REAL ESTATE D 1091293 LOAN AGREEMENT NOCHI REAL ESTATE E 275259 ACCRUALS NOCHI REAL ESTATE K 1328045 FAIR VALUE NOCHI REAL ESTATE C 1052195 FAIR VALUE