2025-02-03T16:48:30-06:00 2023-12-31 923320348 EAG GULF COAST LLC ONE GALLERIA BLVD STE 2100 METAIRIE LA 70001 990 2023-01-01 463311280 NEW ORLEANS CULINARY & HOSPITALITY INSTITUTE NEWO 5048914060 725 HOWARD AVENUE 101 NEW ORLEANS LA 70130 GERALD DUHON EXECUTIVE DIRECTOR 5048914060 2025-01-30 1 1 SHARON CASSIERE P00543368 5048375990 2023 2025-03-06 01:10:19Z GERALD DUHON 725 HOWARD AVENUE 101 NEW ORLEANS LA 70130 5577567 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. 16 16 50 16 -360001 0 2626735 2865140 1041930 1744925 48035 8374 444367 115570 4161067 4734009 203706 164873 0 0 744531 1352603 71934 30200 107627 3182529 2893784 4202700 4441460 -41633 292549 19060810 17240457 6482004 4338848 12578806 12901609 X TO CREATE WORLD-CLASS CULINARY AND HOSPITALITY FACILITIES, PROGRAMS, AND RESEARCH THAT DRIVE WORKFORCE AND ECONOMIC DEVELOPMENT FOR THE NEW ORLEANS REGION. 0 1 3165691 164873 1519850 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 2023, 68 STUDENTS GRADUATED FROM THE CULINARY & BAKING AND PASTRY ARTS CERTIFICATE PROGRAM, AND AN ADDITIONAL 11 WERE ENROLLED AND SCHEDULED TO GRADUATE MARCH 2024. 46655 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. 16222 WORKFORCE DEVELOPMENT: HOSPITATLITY INVESTMENT TRAINING: HOSPITALITY INVESTMENT TRAINING IS ONBOARDING AND CONTINUING EDUCATION FOR PROFESSIONALS EMPLOYED IN THE CULINARY AND HOSPITALITY INDUSTRIES. NOCHI CONDUCTS LEARNING SKILLS FOR LIFE, A PROGRAM WHICH TEACHES BARTENDING AND HOSPITALITY FUNDAMENTALS. 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. PARTICIPATION IS FREE, AND THE LAUNCH WAS FUNDED WITH A GRANT FROM DIAGEO NORTH AMERICA. 3228568 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 1 0 0 0 1 0 0 0 0 1 0 0 0 0 1 1 1 1 0 1 57 0 1 50 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 16 16 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 DEBORAH ELAM DIRECTOR 5.00 X 0 0 0 CAROL MARKOWITZ DIRECTOR 5.00 3.00 X 0 0 0 GEORGE BROWER II DIRECTOR 5.00 X 0 0 0 GREG REGGIO DIRECTOR 5.00 X 0 0 0 SEAN TUOHY DIRECTOR 5.00 X 0 0 0 RALPH DICKIE BRENNAN JR DIRECTOR 5.00 X 0 0 0 TED GEORGE DIRECTOR 5.00 X 0 0 0 EDGAR DOOKY CHASE III DIRECTOR 5.00 X 0 0 0 JIM LANDRY DIRECTOR 5.00 X 0 0 0 DR HENDERSON LEWIS DIRECTOR 5.00 X 0 0 0 SUSAN SPICER DIRECTOR 5.00 X 0 0 0 LEONA TATE DIRECTOR 5.00 X 0 0 0 TI ADELAIDE MARTIN PRESIDENT 5.00 X X 0 0 0 LIZ BOULWARE VICE PRESIDENT 5.00 X X 0 0 0 WILLIAM HOFFMAN TREASURER 5.00 X X 0 0 0 KATHLEEN HEBERT SECRETARY 5.00 X X 0 0 0 GERALD DUHON EXECUTIVE DIRECTOR 40.00 5.00 X 168894 0 12019 CASSIE HOLCOMB CFO 40.00 5.00 X 103642 0 6571 272536 0 18590 2 0 1 0 0 244051 1077959 1543130 1024444 2865140 TUITION 611519 1511637 1511637 LEVERAGE LOAN INTEREST - NMTC 531390 233288 233288 1744925 265 265 884258 738155 146103 146103 -360327 506430 8109 0 8109 8109 8109 66331 244051 105403 -39072 -39072 326 0 326 326 REFUNDS/REIMBURSEMENTS 900099 6179 6179 VENDING MACHINE 900099 2034 2034 8213 4734009 1753138 -360001 475732 164873 164873 291125 60304 170517 60304 868597 680829 187768 124947 71552 49430 3965 67934 34695 28760 4479 28149 28149 30200 30200 10768 10768 14718 14343 375 135252 72193 63059 43893 24112 19781 90673 24004 58668 8001 1883009 1533568 349441 7462 7396 66 5888 3781 2107 109241 77759 31482 11656 10169 1487 32605 19563 13042 COOKING SUPPLIES 331643 252421 79222 BAD DEBT EXPENSE 177006 177006 TAXES & LICENSES 11821 0 11518 303 4441460 3228568 1105265 107627 337889 157722 1010 736 1297009 976041 321947 307320 13281500 13281500 35210 50380 168871 59669 117422 109202 161723 0 3507100 2357556 19060810 17240457 240990 219870 233215 152188 392000 3343324 2006454 2664475 1568336 6482004 4338848 X 10815753 11767110 1763053 1134499 12578806 12901609 19060810 17240457 292549 30254 0 X X 0 1 X 1 0 X 2942170 1790499 3893640 2626735 2865140 14118184 2942170 1790499 3893640 2626735 2865140 14118184 6788574 7329610 1094241 792810 1064536 1297803 884523 5133913 5 477 1595 6179 8256 19260353 8306300 0.38060 0.54320 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. 2023 AMOUNT: $ 6,179. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 149640 49257 100383 19231 10412 8819 109202 DUE FROM NOCHI RE 1091293 STRAIGHT LINE LEASE RECEIVABLE 91248 OPERATING LEASE RIGHT OF USE ASSETS 1175015 2357556 DUE TO NOCHI RE 305150 LEASE LIABILITIES 1217161 BANK OVER DRAFT 46025 1568336 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 2023, NOCHI RECEIVED A $67,999 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 GRANT WRITING/DEVELOPMENT CONSULTING 0 310407 27012 283395 310407 27012 283395 LA COOKING FOR A CAUSE 310382 244051 66331 67809 2620 5249 2800 26925 310382 244051 66331 67809 2620 5249 2800 26925 105403 -39072 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 30 164873 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 0 0 0 0 0 0 0 1 0 GERALD DUHON EXECUTIVE DIRECTOR 163894 0 5000 0 0 0 0 0 12019 0 180913 0 0 0 PART I, LINE 7 THE ORGANIZATION PROVIDED BONUSES FOR 2023. TI ADELAIDE MARTIN BOARD MEMBER WORKING CAPITAL X 175000 150000 0 0 0 GEORGE BOWER II BOARD MEMBER WORKING CAPITAL X 240000 240000 0 0 0 GERALD DUHON EXECUTIVE DIRECTOR WORKING CAPITAL X 2000 2000 0 0 0 392000 X 178 FMV X 1 947557 FMV X 1 1750 FMV X GIFT CERTIFICATES/ CARDS 37 65881 FMV 0 0 0 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF INSTANCES OF CONTRIBUTIONS. FORM 990, PART III, LINE 3 FOR THE 2023 TAX YEAR, THE CORPORATE TRAINING PROGRAMS AND THE PUMP PROGRAM ENDED. THIS INCLUDED SEVERAL CONTINUING EDUCATION PROGRAMS AND THE NOCHI WINE PROFESSIONAL PROGRAM. ALSO, IN THE SAME YEAR, NOCHI BEGAN THEIR HOSPITALITY INVESTMENT TRAINING AND THEIR SKILLS FOR LIFE PROGRAM. 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 1 0 0 0 0 NOCHI REAL ESTATE A 62748 LOAN AGREEMENT NOCHI REAL ESTATE D 1091293 LOAN AGREEMENT NOCHI REAL ESTATE E 305150 ACCRUALS NOCHI REAL ESTATE K 1354605 FAIR VALUE NOCHI REAL ESTATE C 1077959 FAIR VALUE