2025-08-06T09:27:41-05:00 2024-12-31 923320348 EAG GULF COAST LLC ONE GALLERIA BLVD STE 2100 METAIRIE LA 70001 990 2024-01-01 721483958 PARKING FACILITIES CORPORATION PARK 5046205400 1019 CONSTANTINOPLE ST NEW ORLEANS LA 70115 PETER BROOKS BUSINESS MANAGER 5046205400 2025-07-11 1 1 SHARON CASSIERE P00543368 5048375990 2024 2025-03-06 01:10:19Z KEVIN FERGUSON 1019 CONSTANTINOPLE ST NEW ORLEANS LA 70115 21773991 0 X N/A X 2000 LA THE ORGANIZATION'S PRIMARY MISSION AND PURPOSE IS TO DESIGN, FINANCE, CONSTRUCT, EQUIP, MAINTAIN AND OPERATE OR CAUSE TO BE MAINTAINED AND OPERATED, ONE OR MORE PARKING GARAGE FACILITIES LOCATED AT THE LOUIS ARMSTRONG NEW ORLEANS INTERNATIONAL AIRPORT. PARKING FACILITIES ARE USED BY THE TRAVELING PUBLIC AND/OR EMPLOYEES OF THE NEW ORLEANS AVIATION BOARD. 5 5 0 0 0 0 0 0 19993762 21131204 603710 642787 0 0 20597472 21773991 0 0 0 0 0 0 0 0 0 21994051 23512674 21994051 23512674 -1396579 -1738683 98519795 96313333 118298258 117830479 -19778463 -21517146 X THE SPECIFIC AND PRIMARY PURPOSE FOR WHICH THIS CORPORATION WAS FORMED IS TO DESIGN, FINANCE, CONSTRUCT, EQUIP, MAINTAIN, AND OPERATE, OR CAUSE TO BE MAINTAINED AND OPERATED, ONE OR MORE PARKING GARAGE FACILITIES AT THE AIRPORT TO BE USED BY THE TRAVELING PUBLIC AT THE LOUIS ARMSTRONG INTERNATIONAL AIRPORT AND BY THE EMPLOYEES OF THE NEW ORLEANS AVIATION BOARD. 0 0 23512674 21131204 THE CORPORATION HAS INCURRED EXPENSES IN THE OPERATION OF THE PARKING GARAGE FACILITY USED BY THE TRAVELING PUBLIC AT THE LOUIS ARMSTRONG INTERNATIONAL AIRPORT AND BY THE EMPLOYEES, VENDORS AND CONCESSIONAIRES OF THE NEW ORLEANS AVIATION BOARD. 23512674 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 1 0 0 0 1 0 1 0 0 0 1 1 1 1 1 1 1 1 0 X RICHARD CPAS CO TODD TOURNILLON 5042898125 3421 N CAUSEWAY BLVD SUITE 403 METAIRIE LA 70002 X KEVIN FERGUSON PRESIDENT 1.00 X X 0 0 0 ARKEBIA MATTHEWS JOHNSON TREASURER 1.00 X X 0 0 0 HOLLY SHARP SECRETARY 1.00 X X 0 0 0 LISA ALEXIS BOARD MEMBER 1.00 X 0 0 0 TRACIE BOUTTE BOARD MEMBER 1.00 X 0 0 0 0 0 0 0 0 0 0 CDW SERVICES LLC 3500 N CAUSEWAY BLVD STE 1208 METAIRIE LA 70002 CONSTRUCTION CONTRACTOR 428547 NEW SOUTH PARKING 200 E RANDOLPH STREET CHICAGO IL 60601 PARKING FACILITIES MANAGEMENT AND SHUTTL 336801 BEF CONSTRUCTION LLC 158 ENTERPRISE DRIVE GRETNA LA 70056 CONSTRUCTION CONTRACTOR 229179 3 PARKING GARAGE OPERATIO 812930 21131204 21131204 21131204 642787 642787 21773991 21131204 0 642787 336801 336801 5279487 5279487 4934332 4934332 3195116 3195116 PARKING GARAGE OPERATIO 9766938 9766938 23512674 23512674 0 0 1358641 2196164 600257 287184 112477302 31420854 84251564 81056448 9939478 10403682 2369855 2369855 98519795 96313333 2286744 2410296 113203686 111433084 2807828 3987099 118298258 117830479 X -19778463 -21517146 -19778463 -21517146 98519795 96313333 -1738683 0 X X 0 1 X 0 0 X X 1 CITY OF NO AVIATION BD 726000969 6 1 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 PART IV, SECTION A, LINE 2 THE SUPPORTED ORGANIZATION IS THE CITY OF NEW ORLEANS, LA THROUGH ITS NEW ORLEANS AVIATION BOARD. 109656243 29979088 79677155 2821059 1441766 1379293 81056448 DEBT SERVICE 10403682 F 10403682 SALES TAX PAYABLE 324653 GROUND LEASE PAYABLE 2227446 CURRENT PORTION OF BONDS PAYABLE 1435000 3987099 X 22230079 456088 456088 21773991 0 21773991 23968762 456088 456088 23512674 0 23512674 PART X, LINE 2: THE CORPORATION IS EXEMPT FROM INCOME TAX UNDER INTERNAL REVENUE CODE SECTION 501(C)(3), THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. THE CORPORATION HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE CORPORATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: BOND PREMIUM AMORTIZATION 456,088. PART XII, LINE 2D - OTHER ADJUSTMENTS: BOND PREMIUM AMORTIZATION 456,088. A NEW ORLEANS AVIATION BOARD 726000969 64763KAJ7 2018-10-04 118926276 CONSTRUCTION OF NEW AIRPORT GARAGE AND REFUNDING OF 2012 BONDS 0 0 0 A 118926276 7850900 3375328 2096676 1050541 75000000 2019 1 0 0 1 A 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 A 0 FORM 990, PART VI, SECTION A, LINE 3 NEW SOUTH PARKING IS A MANAGEMENT COMPANY THAT OPERATES THE PARKING GARAGE FACILITY. THE TERM OF THE AGREEMENT IS FOR THIRTY YEARS UNLESS TERMINATED ACCORDING TO THE PROVISIONS OF THE AGREEMENT. THE MANAGEMENT FEE FOR 2024 WAS $336,801. FORM 990, PART VI, SECTION A, LINE 7A BOARD MEMBERS ARE APPOINTED BY THE FOLLOWING COMMUNITY STAKEHOLDERS: - MAYOR OF NEW ORLEANS - NEW ORLEANS TOURISM MARKETING CORPORATION - NEW ORLEANS BUILDING CORPORATION - NEW ORLEANS CITY COUNCIL - NEW ORLEANS REGIONAL BLACK CHAMBER/COMMERCE FORM 990, PART VI, SECTION A, LINE 8B THE BOARD ASSUMES ALL COMMITTEE RESPONSIBILITIES. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS DISTRIBUTED TO EACH BOARD MEMBER DURING THE QUARTERLY BOARD MEETING PRIOR TO FILING. THE FORM AND ITS CONTENTS ARE REVIEWED AND DISCUSSED. FORM 990, PART VI, SECTION B, LINE 12C IF DEEMEDED NECESSARY, AND/OR IF SUSPECTS A POSSIBLE CONFLICT OF INTEREST, THE ORGANIZATION MAY MONITOR AND ENFORCE POLICY WITH A COMBINATION OF AUDITS, TRAINING AND DISCIPLINARY PROCEDURES. FORM 990, PART VI, SECTION B, LINE 15 ALL CONTRACTUAL COMPENSATION AMOUNTS ARE DISCLOSED IN RESPECTIVE CONTRACTS. ANY NEW CONTRACTS OR CHANGES TO EXISTING CONTRACTS ARE SUBJECT TO REVIEW AND APPROVAL BY THE BOARD. 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 ORGANIZATION'S COMMITTEE USES. CITY OF NO AVIATION BOARD 900 AIRLINE DR KENNER LA 70062 726000969 LA 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 CITY OF NEW ORLEANS AVIATION BOARD K 5279487 FAIR VALUE