2023-11-15T12:56:38-06:00 2022-12-31 720870824 WEGMANN DAZET APC 111 VETERANS BLVD SUITE 1600 METAIRIE LA 70005 990 2022-01-01 721177207 GREATER NEW ORLEANS DEVELOPMENT FOUNDATION GREA 5045276900 1100 POYDRAS STREET 3475 NEW ORLEANS LA 70163 MICHAEL HECHT PRESIDENT & CEO 5045276900 2023-11-15 1 MICHAEL HECHT XXX-XX-XXXX 1 JONATHAN P KOENIG P91752990 5048378844 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MICHAEL HECHT 1100 POYDRAS STREET 3475 NEW ORLEANS LA 70163 2994461 0 X WWW.GNOINC.ORG X 1913 LA TO FOSTER REGIONAL ECONOMIC DEVELOPMENT AND CREATE QUALITY JOBS WITHIN THE METROPOLITAN NEW ORLEANS AREA. 14 13 12 14 0 0 2151927 2807873 214415 184092 60291 -160348 0 0 2426633 2831617 56500 352150 0 0 482591 731116 0 0 0 1756492 2034556 2295583 3117822 131050 -286205 2887646 2647279 523399 569237 2364247 2078042 TO FOSTER REGIONAL ECONOMIC DEVELOPMENT AND CREATE QUALITY JOBS WITHIN THE METROPOLITAN NEW ORLEANS AREA. 0 0 2584396 352150 184092 THE FOUNDATION ACTS AS A CATALYST FOR ECONOMIC GROWTH AND THE ENHANCEMENT OF QUALITY OF LIFE IN THE TEN PARISHES OF SOUTHEAST LOUISIANA. THE FOUNDATION HAS COLLABORATED WITH ITS DEVELOPMENT ALLIES THROUGHOUT THE REGION TO HELP PROVIDE AN ADEQUATE BASE OF NEW EMPLOYMENT THROUGH JOB INITIATIVES, TO IMPROVE THE QUALITY AND QUANTITY OF EMPLOYMENT THROUGH WORKFORCE DEVELOPMENT AND TO FOSTER ECONOMIC PLANNING AND DEVELOPMENT THROUGH PUBLIC AWARENESS AND COMMUNICATIONS. 2584396 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 29 0 1 12 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 LA X JEFF TEAGUE 5045276900 1100 POYDRAS STREET SUITE 3475 NEW ORLEANS LA 70163 DALE BENOIT MEMBER 1.00 X 0 0 0 PATRICIA LEBLANC MEMBER 1.00 X 0 0 0 WILLIAM HOFFMAN MEMBER 1.00 X 0 0 0 ELAINE GARVEY SECRETARY & TREASURER 1.00 X X 0 0 0 JAMES MOFFETT MEMBER 1.00 X 0 0 0 GAY LE BRETON CHAIRWOMAN ELECT 1.00 X X 0 0 0 GUY WILLIAMS CHAIRMAN 1.00 X X 0 0 0 PHILIP GUNN MEMBER 1.00 X 0 0 0 TOMMY FAUCHEUX MEMBER 1.00 X 0 0 0 BRYAN HODNETT MEMBER 1.00 X 0 0 0 PAUL MATTHEWS MEMBER 1.00 X 0 0 0 TARA HERNANDEZ MEMBER 1.00 X 0 0 0 MAURA DONAHUE MEMBER 1.00 X 0 0 0 MICHAEL HECHT PRESIDENT & CEO 40.00 X 0 729118 38969 JOSHUA TATUM DIRECTOR OF STRATEGIC INITIATIVES 40.00 X 0 102183 10473 0 831301 49442 0 0 1 0 0 1314287 1493586 547 2807873 MANAGEMENT FEES 561499 117671 117671 SPONSORSHIP 900099 51261 51261 WORKFORCE SUMMIT 900099 15160 15160 184092 2496 2496 162844 -162844 -162844 -162844 2831617 184092 0 -160348 X 352150 352150 669312 669312 13799 13799 48005 48005 1132334 845332 287002 2438 2438 2900 2900 528029 294489 233540 3990 3990 13793 8187 5606 64173 64455 -282 9900 9900 40511 36042 4469 64850 63632 1218 37061 37061 DEVELOPMENT 57893 57143 750 BAD DEBT EXPENSE 50483 50483 PARKING 16725 16725 DUES & SUBSCRIPTIONS 7705 472 7233 1771 846166 -844395 3117822 2584396 533426 0 600431 194898 573418 862587 656387 695229 1057410 894565 2887646 2647279 513899 514479 9500 54758 523399 569237 X 1939765 1708135 424482 369907 2364247 2078042 2887646 2647279 -286205 0 X X 0 1 X 1 1 1 X 1616834 1474966 1962003 2151927 2807873 10013603 1616834 1474966 1962003 2151927 2807873 10013603 2839800 7173803 14127 6648 7066 60291 2496 90628 750 750 10104981 915658 0.70990 0.64650 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X PART X, LINE 2: GREATER NEW ORLEANS DEVELOPMENT FOUNDATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION ADOPTED THE PROVISIONS OF ACS 740, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT OF GREATER NEW ORLEANS DEVELOPMENT FOUNDATION BELIEVE THERE IS NO MATERIAL UNCERTAIN TAX POSITION AND, ACCORDINGLY IT WILL NOT RECOGNIZE ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. WITH FEW EXCEPTIONS, GREATER NEW ORLEANS DEVELOPMENT FOUNDATION IS NOT SUBJECT TO UNITED STATES FEDERAL AND STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES BEYOND THREE YEARS FROM THE FILING OF THOSE RETURNS. 1 PROPELLER A FORCE FOR SOCIAL INNOVATION 4035 WASHINGTON AVE NEW ORLEANS LA 70125 263223585 501(C)(3) 12500 0 USDA GNO FOOD AND BEVERAGE ENTREPRENEUR ECOSYSTEM GRANT BATON ROUGE AREA CHAMBER 564 LAUREL STREET BATON ROUGE LA 70801 720126959 501(C)(6) 35000 0 EDA BBB PHASE 1 GRANT SUBAWARD TO DEVELOP/SUBMIT EDAH2THEFUTURE PHASE 2 COMPONENT APPLICATION HELP OTHER PEOPLE ENDURE INC 3410 WALL BLVD NEW ORLEANS LA 70114 883668400 501(C)(3) 10000 0 DISBURSEMENT OF UNITED WAY FUNDS RECEIVED PER FISCAL AGENTAGREEMENT FOR HELP OTHER PEOPLE ENDURE INC. LOUISIANA CHAMBER OF COMMERCE FOUNDATION INC 3901 MACARTHUR BLVD NEW ORLEANS LA 70114 832128501 501(C)(3) 10000 0 EDA BBB PHASE 1 GRANT SUBAWARD TODEVELOP/CONTRIBUTE TO EDA H2THEFUTURE PHASE 2 APPLICATION COMPONENTS LOUISIANA PAROLE PROJECT INC PO BOX 2029 BATON ROUGE LA 70821 813399508 501(C)(3) 22150 0 EDA BBB PHASE 1 GRANT SUBAWARD TO DEVELOP/CONTRIBUTE TO EDAH2THEFUTURE PHASE 2 APPLICATION COMPONENTS LOUISIANA STATE UNIVERSITY OFFICE OF ACCOUNTING SERVICE BATON ROUGE LA 70803 726000848 35000 0 EDA BBB PHASE 1 GRANT SUBAWARD TO DEVELOP/SUBMIT EDAH2THEFUTURE PHASE 2 COMPONENT APPLICATION OPPORTUNITY HUB 3786 PACES FERRY WEST ATLANTA GA 30339 833260372 501(C)(3) 15000 0 EDA BBB PHASE 1 GRANT SUBAWARD TO DEVELOP/CONTRIBUTE TO EDAH2THEFUTURE PHASE 2 APPLICATION COMPONENTS UNITED WAY OF SOUTHEAST LOUISIANA 2401 CANAL ST NEW ORLEANS LA 70119 720471369 501(C)(3) 100000 0 SUPPORT OF UNITED WAY & UNITED WAY MENTAL HEALTHPROVIDED BY AVONDALE GLOBAL GATEWAY, T. PARKER HOST, & ADAM ANDERSON UNIVERSITY OF LOUISIANA AT LAFAYETTE PO BOX DRAWER 44290 ULL LAFAYETTE LA 70504 726000820 35000 0 EDA BBB PHASE 1 GRANT SUBAWARD TODEVELOP/SUBMIT EDA H2THEFUTURE PHASE 2 COMPONENT APPLICATION UNIVERSITY OF NEW ORLEANS 2021 LAKESHORE DRIVE 420 NEW ORLEANS LA 70122 720702000 35000 0 EDA BBB PHASE 1 GRANT SUBAWARD TO DEVELOP/SUBMITEDA H2THEFUTURE PHASE 2 COMPONENT APPLICATION URBAN LEAGUE OF LOUISIANA 4640 S CARROLLTON AVE STE 210 NEW ORLEANS LA 70119 720423627 501(C)(3) 10000 0 EDA BBB PHASE 1 GRANT SUBAWARD TO DEVELOP/CONTRIBUTE TO EDAH2THEFUTURE PHASE 2 APPLICATION COMPONENTS VOLUNTEERS OF AMERICA SOUTHEAST LOUISIANA INC 4152 CANAL ST NEW ORLEANS LA 70119 720709750 501(C)(3) 12500 0 USDA GRANT SUBAWARD TO PROVIDE SUPPORT FORUSDA GNO FOOD AND BEVERAGE ENTREPRENEUR ECOSYSTEM PROJECT 15 1 X X X 0 1 0 0 0 0 0 0 1 1 MICHAEL HECHT PRESIDENT & CEO 0 524428 0 195000 0 9690 0 9150 0 29819 0 768087 0 0 PART I, LINE 8 THE CEO AND PRESIDENT OF THE ORGANIZATION, MICHAEL HECHT, HAS AN EMPLOYMENT CONTRACT WITH THE RELATED ORGANIZATION, GREATER NEW ORLEANS, INC. HIS BASE SALARY WAS APPROVED IN ADVANCE BY THE ORGANIZATION'S GOVERNING BODY THAT IS COMPOSED OF PERSONS WHO DO NOT HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE ARRANGEMENT. THE GOVERNING BODY RELIED ON APPROPRIATE COMPARABLE DATA WHEN APPROVING THE COMPENSATION AND THE GOVERNING BODY ADEQUATELY DOCUMENTED ITS ACTIONS AT THE TIME. IN ADDITION, THE CONTRACT PROVIDES THAT HE HAS THE OPPORTUNITY FOR A BONUS AT THE DISCRETION OF THE BOARD OF DIRECTORS. WHEN DETERMINING THE AMOUNT OF THE BONUS, THE BOARD OF DIRECTORS TAKES INTO ACCOUNT HIS ACCOMPLISHMENTS THROUGHOUT THE YEAR AND RELIES ON APPROPRIATE COMPARABLE DATA. THE BOARD OF DIRECTORS IS COMPOSED OF PERSONS WHO DO NOT HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE ARRANGEMENT AND THEY ADEQUATELY DOCUMENT THEIR ACTIONS AT THE TIME. FORM 990, PART VI, SECTION B, LINE 11B AN INDEPENDENT CPA PREPARES THE FORM 990 AND REVIEWS IT WITH THE SENIOR VICE-PRESIDENT OF FINANCE AND ADMINISTRATION. THE SENIOR VICE-PRESIDENT OF FINANCE AND ADMINISTRATION REVIEWS FORM 990 WITH MANAGEMENT AND THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR THE ORGANIZATION REMINDS OFFICERS AND DIRECTORS TO REVIEW THE CONFLICT OF INTEREST POLICY AND REPORT ANY CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION INCREASES ARE BASED ON ANNUAL PERFORMANCE REVIEWS. ANY CHANGES IN COMPENSATION ARE APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 294,489. MANAGEMENT AND GENERAL EXPENSES 228,132. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 522,621. PAYROLL PROCESSING FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 5,408. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,408. FORM 990, PART XII, LINE 2C: THE PROCESS USED BY THE COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE AUDIT OF ITS FINANCIAL STATEMENTS HAS NOT CHANGED SINCE THE PRIOR YEAR. GREATER NEW ORLEANS INC 1100 POYDRAS STREET STE 3475 NEW ORLEANS LA 70163 720272090 REGIONAL PUBLIC POLICY ACTIVITIES LA 501(C)(6) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 GREATER NEW ORLEANS INC R 1132334 CASH VALUE GREATER NEW ORLEANS INC S 89671 CASH VALUE PART V, LINE 2(1),(2): MANAGEMENT FEES PAID AND RECEIVED WHICH INCLUDE SHARED EXPENSES FOR FACILITIES, EQUIPMENT, OTHER ASSETS, PAID EMPLOYEES AND REIMBURSED EXPENSES.