2025-11-17T17:18:07-06:00 2024-12-31 923320348 EAG GULF COAST LLC ONE GALLERIA BLVD STE 2100 METAIRIE LA 70001 990 2024-01-01 463311280 NEW ORLEANS CULINARY & HOSPITALITY INSTITUTE NEWO 5048914060 725 HOWARD AVENUE 101 NEW ORLEANS LA 70130 GERALD DUHON EXECUTIVE DIRECTOR 5048914060 2025-11-17 1 1 SHARON CASSIERE P00543368 5048375990 2024 2025-03-06 01:10:19Z GERALD DUHON 725 HOWARD AVENUE 101 NEW ORLEANS LA 70130 5632917 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. 18 18 50 18 -36248 0 2865140 2214067 1744925 1933832 8374 2141 115570 467453 4734009 4617493 164873 290017 0 0 1352603 1683351 30200 66955 204278 2893784 3882988 4441460 5923311 292549 -1305818 17240457 2482729 4338848 4168438 12901609 -1685709 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 3651020 290017 1701957 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 2024, 63 STUDENTS GRADUATED FROM THE CULINARY & BAKING AND PASTRY ARTS CERTIFICATE PROGRAM, AND AN ADDITIONAL 32 WERE ENROLLED AND SCHEDULED TO GRADUATE MARCH 2025. 42828 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. 67492 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. THERE WERE 850 INDIVIDUALS WHO WENT THROUGH NOCHI'S HOSPITALITY INVESTMENT TRAINING IN 2024. 3761340 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 1 0 0 0 1 1 1 1 0 1 54 0 1 50 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 18 18 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X ELIZABETH EUMONT 5048914060 725 HOWARD AVENUE 101 NEW ORLEANS LA 70130 DICKIE BRENNAN FOUNDER AND BOARD MEMBER 5.00 X 0 0 0 GEORGE BROWER II FOUNDER AND BOARD MEMBER 5.00 X 0 0 0 EDGAR DOOK CHASE IV BOARD MEMBER 5.00 X 0 0 0 KYLE FRANCE BOARD MEMBER 5.00 X 0 0 0 TED GEORGE BOARD MEMBER 5.00 X 0 0 0 DEBORAH GRANT BOARD MEMBER 5.00 X 0 0 0 JIM LANDRY BOARD MEMBER 5.00 X 0 0 0 DR HENDERSON LEWIS BOARD MEMBER 5.00 X 0 0 0 CAROL MARKOWITZ FOUNDER AND BOARD MEMBER 5.00 3.00 X 0 0 0 GREG REGGIO BOARD MEMBER 5.00 X 0 0 0 SUSAN SPICER BOARD MEMBER 5.00 X 0 0 0 JOHN STUBBS BOARD MEMBER 5.00 X 0 0 0 LEONA TATE BOARD MEMBER 5.00 X 0 0 0 SEAN TUOHY BOARD MEMBER 5.00 X 0 0 0 TI ADELAIDE MARTIN FOUNDER AND BOARD CHAIR 5.00 X X 0 0 0 LIZABETH BOULWARE BOARD VICE CHAIR 5.00 X X 0 0 0 KATHLEEN HEBERT BOARD SECRETARY 5.00 X X 0 0 0 WILLIAM HOFFMAN BOARD TREASURER 5.00 X X 0 0 0 GERALD DUHON EXECUTIVE DIRECTOR 40.00 5.00 X 163691 0 15344 CASSIE HOLCOMB CHIEF FINANCIAL OFFICER 40.00 5.00 X 114360 0 8619 MICHELLE DUNNICK DIRECTOR OF EVENTS AND HIT 40.00 X 104368 0 9169 382419 0 33132 3 0 1 0 0 204946 1167336 80333 761452 50460 2214067 TUITION 611519 1627345 1627345 LEVERAGE LOAN INTEREST - NMTC 531390 233288 233288 POP-UP CAPSTONE 722513 73199 73199 1933832 91 91 1421963 921532 500431 500431 -36447 536878 2050 0 2050 2050 2050 59302 204946 93892 -34590 -34590 199 0 199 199 VENDING MACHINE 900099 1413 1413 1413 4617493 1935245 -36248 504429 290017 290017 302014 89518 212496 1184912 792799 286150 105963 118937 63398 40473 15066 77488 29307 37434 10747 7308 7308 45318 45318 66955 66955 28938 28938 72089 530 71559 83447 14657 68223 567 155688 54823 98144 2721 2099493 1714830 384663 29674 15114 13299 1261 14903 7720 6485 698 81821 71381 10440 24359 21251 3108 30117 18070 12047 BAD DEBT EXPENSE 825041 197917 626824 300 COOKING SUPPLIES 382733 379908 2825 TAXES & LICENSES 2059 100 1959 5923311 3761340 1957693 204278 157722 281562 736 1732 976041 211762 307320 209606 13281500 0 50380 82347 608871 92992 109202 515879 2357556 1179841 17240457 2482729 219870 665090 152188 238330 392000 890000 2006454 2068037 1568336 306981 4338848 4168438 X 11767110 -2089178 1134499 403469 12901609 -1685709 17240457 2482729 X -1305818 -13281500 X X 0 1 X 1 0 X 1790499 3893640 2626735 2865140 2214067 13390081 1790499 3893640 2626735 2865140 2214067 13390081 6718245 6671836 792810 1064536 1297803 884523 1422054 5461726 477 1595 6179 8251 18860058 6446083 0.35380 0.38060 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: REIMBURSEMENTS OF PRIOR COSTS - 2021 AMOUNT: $ 477. 2022 AMOUNT: $ 1,595. 2023 AMOUNT: $ 6,179. 2024 AMOUNT: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 589640 80720 508920 19231 12272 6959 515879 DUE FROM NOCHI RE 1091293 STRAIGHT LINE LEASE RECEIVABLE 88548 1179841 DUE TO NOCHI RE 306981 306981 X PART X, LINE 2: NOCHI IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE SERVICE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES, WHICH ARE NOT DIRECTLY RELATED TO NOCHI'S TAX-EXEMPT PURPOSE, WOULD BE SUBJECT TO TAXATION AS UNRELATED BUSINESS ACTIVITY. NOCHI DID NOT HAVE ANY UNRELATED BUSINESS ACTIVITY FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023. IN ADDITION, NOCHI QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) (VI) AND (VII) AND HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION UNDER IRC SECTIONS 509 (A)(1) AND (3), RESPECTIVELY. THE SUPPORTING ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(2) OF THE INTERNAL REVENUE SERVICE CODE AS A TITLE HOLDING CORPORATION. HOWEVER, INCOME FROM CERTAIN ACTIVITIES, WHICH ARE NOT DIRECTLY RELATED TO NOCHI'S TAX-EXEMPT PURPOSE, WOULD BE SUBJECT TO TAXATION AS UNRELATED BUSINESS ACTIVITY. THE SUPPORTING ORGANIZATION DID NOT HAVE ANY UNRELATED BUSINESS ACTIVITY FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023. THE ORGANIZATION IS GENERALLY NO LONGER SUBJECT TO EXAMINATION FROM TAXING AUTHORITIES FOR YEARS BEFORE 2023. 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 GRANT ASSISTANCE FROM JOB 1 (ORLEANS PARISH) AS WELL AS NEW ORLEANS RECREATION AND CULTURE FUND, NEW ORLEANS TOURISM AND CULTURE FUND. NOCHI ALSO BEGAN ACCEPTING TITLE IV IN 2024. X X X X X X 1 ERICA HALPERN 1131 CADIZ ST NEW ORLEANS LA 70115 GRANT WRITING 0 215428 9280 206148 LESLIE DOLES 5401 PARKKNOLL PLACE DR BATON ROUGE LA 70816 GENERAL DEVELOPMENT/FUNDRAISING CONSULTANT 0 0 57675 0 215428 66955 206148 LA COOKING FOR A CAUSE 264248 204946 59302 50460 1100 11049 31283 264248 204946 59302 50460 1100 11049 31283 93892 -34590 1 SCHOLARSHIPS 33 290017 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 158691 0 5000 0 0 0 0 0 15344 0 179035 0 0 0 PART I, LINE 7 THE ORGANIZATION PROVIDED BONUSES FOR 2024. TI ADELAIDE MARTIN FOUNDER AND BOARD CHAIR WORKING CAPITAL X 175000 150000 0 0 0 GEORGE BROWER II FOUNDER AND BOARD MEMBER WORKING CAPITAL X 240000 240000 0 0 0 TI ADELAIDE MARTIN FOUNDER AND BOARD CHAIR WORKING CAPITAL X 250000 250000 0 0 0 GEORGE BROWER II FOUNDER AND BOARD MEMBER WORKING CAPITAL X 250000 250000 0 0 0 890000 X 2 748 FMV X 210 FMV X 1 600 FMV X GIFT CERTIFICATES/ CARDS 41 48902 FMV 0 0 0 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF INSTANCES OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 2 GEORGE BROWER, II AND DICKIE BRENNAN 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. ONCE REVIEWED BY THE DIRECTOR OF FINANCE AND EXECUTIVE DIRECTOR, FORM 990 IS SENT TO THE FINANCE COMMITTEE FOR REVIEW AND APPROVAL. 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. FORM 990, PART XI, LINE 9: NMTC RECEIVABLE WRITE-OFF WITH DISREGARDED ENTITY, NOCHI IMPACT FUND I, LLC -13,281,500. 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 IMPACT FUND I LLC 725 HOWARD AVE SUITE 101 NEW ORLEANS LA 70130 823612025 NMTC TRANSACTION LA NEW ORLEANS CULINARY & HOSPITALITY INSTITUTE 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 306981 ACCRUALS NOCHI REAL ESTATE K 1446787 FAIR VALUE NOCHI REAL ESTATE C 1167336 FAIR VALUE