Civic Intelligence

Bayou District Foundation

990 • Fiscal year 2017 • EIN 26-0833850

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 15, 2018

Organization ProfileWWW.BAYOUDISTRICTFOUNDATION.ORG
320 Julia StreetNew Orleans, LA 70130

(504) 523-1701

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

77th percentile

0.58x

Higher debt load relative to assets than 77% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

85th percentile

1.53x

Higher debt load relative to revenue than 85% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

2nd percentile

-116%

Higher net margin than 2% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

6th percentile

-12%

Faster asset growth than 6% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

98th percentile

327%

Faster revenue growth than 98% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets77th percentile

Assets

Down

$10,884,508

Down $1,519,218 (-12%) from 2016

Net Assets

Down

$4,522,392

Down $4,828,868 (-52%) from 2016

Liabilities

Up

$6,362,116

Up $3,309,650 (+108%) from 2016

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin2nd percentile

Revenue

Up

$4,161,335

Up $3,186,295 (+327%) from 2016

Expenses

Up

$8,999,597

Up $5,120,122 (+132%) from 2016

Net Income

Down

-$4,838,262

Down $1,933,827 (-67%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth6th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0-$5.0MAssets 2010: $1,637,664Liabilities 2010: $20,944Net Assets 2010: $1,616,7202010Assets 2011: $2,576,261Liabilities 2011: $13,283Net Assets 2011: $2,562,9782011Assets 2012: $9,353,506Liabilities 2012: $3,224,280Net Assets 2012: $6,129,2262012Assets 2013: $11,444,041Liabilities 2013: $1,031,069Net Assets 2013: $10,412,9722013Assets 2014: $12,064,758Liabilities 2014: $275,093Net Assets 2014: $11,789,6652014Assets 2015: $14,447,926Liabilities 2015: $2,194,450Net Assets 2015: $12,253,4762015Assets 2016: $12,403,726Liabilities 2016: $3,052,466Net Assets 2016: $9,351,2602016Assets 2017: $10,884,508Liabilities 2017: $6,362,116Net Assets 2017: $4,522,3922017Assets 2018: $10,589,184Liabilities 2018: $6,097,904Net Assets 2018: $4,491,2802018Assets 2019: $2,485,939Liabilities 2019: $5,495,070Net Assets 2019: -$3,009,1312019Assets 2020: $2,521,451Liabilities 2020: $5,547,717Net Assets 2020: -$3,026,2662020Assets 2021: $2,075,399Liabilities 2021: $4,918,132Net Assets 2021: -$2,842,7332021Assets 2022: $2,633,589Liabilities 2022: $4,981,927Net Assets 2022: -$2,348,3382022Assets 2023: $1,866,130Liabilities 2023: $4,194,528Net Assets 2023: -$2,328,3982023Assets 2024: $1,707,437Liabilities 2024: $3,790,542Net Assets 2024: -$2,083,1052024

Highlighted filing

2017

Assets$10,884,508
Liabilities$6,362,116
Net Assets$4,522,392
Open 2017 Filing

Operations Trend

Revenue Growth98th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0M-$10MExpenses 2010: $366,8412010Expenses 2011: $805,9622011Expenses 2012: $377,8022012Revenue 2013: $5,127,117Expenses 2013: $840,964Net Income 2013: $4,286,1532013Revenue 2014: $2,829,892Expenses 2014: $1,453,199Net Income 2014: $1,376,6932014Revenue 2015: $1,862,565Expenses 2015: $1,397,854Net Income 2015: $464,7112015Revenue 2016: $975,040Expenses 2016: $3,879,475Net Income 2016: -$2,904,4352016Revenue 2017: $4,161,335Expenses 2017: $8,999,597Net Income 2017: -$4,838,2622017Revenue 2018: $3,585,891Expenses 2018: $3,609,957Net Income 2018: -$24,0662018Revenue 2019: $2,679,434Expenses 2019: $9,511,458Net Income 2019: -$6,832,0242019Revenue 2020: $2,484,741Expenses 2020: $2,532,689Net Income 2020: -$47,9482020Revenue 2021: $2,965,153Expenses 2021: $2,800,208Net Income 2021: $164,9452021Revenue 2022: $2,666,706Expenses 2022: $2,199,758Net Income 2022: $466,9482022Revenue 2023: $2,526,161Expenses 2023: $2,542,537Net Income 2023: -$16,3762023Revenue 2024: $2,776,631Expenses 2024: $2,543,225Net Income 2024: $233,4062024

Highlighted filing

2017

Revenue$4,161,335
Expenses$8,999,597
Net Income-$4,838,262
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 15, 2018
Return Version
2017v2.3
Gross Receipts
$4,186,148
Mission and Program Overview

Mission

Bayou district foundation's mission is to raise funds to facilitate the reconstruction of the neighborhood and infrastructure of the former st. Bernard housing project damaged by hurricane katrina and to help its residents break their cycle of poverty.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$1,916,040$2,775,545▲ $859,505
Land, Buildings, and Equipment, Net$82,702$544,078▲ $461,376
Cash and Non-Interest-Bearing Accounts$3,133,290$230,464▼ $2,902,826
Inventories for Sale or Use$124,440$136,540▲ $12,100
Investments Program Related$76,501$86,713▲ $10,212
Accounts Receivable$10,000$63,451▲ $53,451
Investments in Publicly Traded Securities$28,596$15,560▼ $13,036
Prepaid Expenses and Deferred Charges$1,157$1,157→ $0
Total Assets$12,403,726$10,884,508▼ $1,519,218
Other Assets Total$7,031,000$7,031,000→ $0
Liabilities
Unsecured Notes Loans Payable$1,979,930$5,964,161▲ $3,984,231
Other Liabilities$100,000$275,000▲ $175,000
Accounts Payable and Accrued Expenses$972,536$122,955▼ $849,581
Total Liabilities$3,052,466$6,362,116▲ $3,309,650
Net Assets / Fund Balance
Temporarily Rstr Net Assets$2,455,883$2,746,257▲ $290,374
Unrestricted Net Assets$6,820,377$1,701,135▼ $5,119,242
Permanently Rstr Net Assets$75,000$75,000→ $0
Total Net Assets Fund Balance$9,351,260$4,522,392▼ $4,828,868
Total Liabilities and Net Assets / Fund Balance$12,403,726$10,884,508▼ $1,519,218

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$544,078$122,399$666,477
Other Assets Org$7,031,000--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$76,501-▲ $11,077-$86,713
2016$49,889$25,000▲ $2,134-$76,501
2015$24,988$25,000▲ $146-$49,889
2014-$25,000▲ $63-$24,988
Compensation and Service Providers
Top Officer Pay12th percentile

Board Members and Trustees

NameTitle
Gerard W Barousse JrChairman
Brian CheramieDirector
Gary SolomonDirector
Greg BenselDirector
Mike RodrigueDirector
Nolan Marshall JrDirector, Advisory Board C

Highest Paid Contractors

ContractorServicesLocationCompensation
F H Myers Construction CorpConstruction520 COMMERCE POINT, Harahan, LA 70123$2,078,943
BroadmoorConstruction2740 N ARNOULT RD, Metairie, LA 70002$1,746,925
Waggoner & Ball ArchitectsArchitectural Services2200 PYRTANIA STREET, New Orleans, LA 70130$536,563
Rotolo ConsultantsLandscaping894 ROBERT BLVD, Slidell, LA 70458$140,145
Revenue and Support

Revenue Composition

Contributions and Grants
$2,804,208
Program Service Revenue
$1,170,870
Investment Income
$111,390
Other Revenue
$74,867
All Other Contributions
$2,804,208
Change in Net Assets
$-4,838,262

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,161,335
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$60,634
Total Revenue per Audited Statements
$4,221,969
Total Revenue per Form 990
$4,161,335
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,203,839
Grants and Similar Amounts Paid$563,804
Salaries, Compensation, and Employee Benefits$199,968
Total Fundraising Expense$148,982
Professional Fundraising Fees$31,986

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$563,804--$563,804
Fees for Services Other$541,760--$541,760
Other Salaries and Wages$60,715$3,217$95,839$159,771
Interest$134,193--$134,193
Depreciation Depletion$108,326--$108,326
Fees for Services Legal$35,282--$35,282
Fees for Services Professional Fundraising--$31,986$31,986
Advertising$23,294$2,912$2,912$29,118
Other Employee Benefits$20,003$4,001$2,667$26,671
Fees for Services Accounting$18,650--$18,650
Insurance$13,754$2,751$1,834$18,339
Payroll Taxes$5,617$440$7,469$13,526
Office Expenses$9,382$855$1,109$11,346
Travel$5,226-$1,742$6,968
All Other Expenses$3,765$704$2,126$6,595
Other Expenses$3,941-$1,314$5,255
Occupancy$1,913-$-16$1,897
Fees for Service Investment Mgmnt Fees$1,015--$1,015
Total Functional Expenses$8,835,735$14,880$148,982$8,999,597

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$9,050,837
Total Expenses per Form 990$8,999,597
Expenses per Audited Statements$8,998,582
Expenses Not Reported on Form 990$52,255
Expenses Not Reported on Financial Statements$1,015
Other Expense Adjustments$1,015
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
EducareNew Orleans, LA501(c)(3)Funds for Operating Expenses$563,804
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$81,000
Professional Fundraising Fees$31,986
Fundraising Direct Expenses$24,813

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Event$81,000$81,000$15,963$65,037
Total Events$81,000$81,000$24,813$56,187
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Gary SolomonOn the Board of Directors of Bayou District Foundation and CEO and ChairmanBank, a Publicly Traded Financial Institution. Bayou District Foundation Utilizes the Banking Services Provided by Crescent Bank & Trust. Mr. Solomon Is Not Compensated by Bayou District Foundation and This Arrangement Has Been Approved by the Board of Bayou District Foundation. the Services Provided and Fees Charged by Crescent Bank & Trust Are Comparable to Services and Fees Available From Other Local Financial Institutions.No$103,947
Gerry BarousseOn the Board of Bayou District and a Director at Bdf Housing, Inc.BAYOU DISTRICT FOUNDATION OBTAINED A LOAN FROM BDF HOUSING, INC. MR. BAROUSSE IS NOT COMPENSATED BY BAYOU DISTRICT FOUNDATION AND THIS ARRANGEMENT HAS BEEN APPROVED BY THE BOARD OF BAYOU DISTRICT FOUNDATION. THE SERVICES PROVIDED AND FEES CHARGED BY BDF HOUSING, INC. ARE COMPARABLE TO SERVICES AND FEES AVAILABLE FROM OTHER LOCAL REAL ESTATE COMPANIES. ORIGINAL LOAN AMOUNT WAS $250,000. AS OF 12/31/16, THE LOAN BALANCE IS $100,000.No-
Jeanne BarousseJeanne Barousse Is the Wife of Gerry BarousseJeanne Barousse Designs Purchased Furniture for the City Park Clubhouse, Which Cost Was Paid for by Bdf and Contributed by Bdf to City Park, Consistent With the Cea.No-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Party$275,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Upon completion of the form 990, a copy is sent to the board of directors for their review. Members of the board approve the 990 either via a board meeting or electronically.”

Form 990, Part VI, Section B, Line 12C

“Board meetings are held monthly, with bdf staff participating in board presentation. All agreements and contracts are reviewed and approved by the board of directors.”

Form 990, Part VI, Section B, Line 15

“Board of directors, officers and trustees are not compensated. Any compensation of these individuals would be approved by the board of directors. Key employee compensation is approved by the board of directors, with compensation reviewed annually at the board level.”

Form 990, Part VI, Section C, Line 19

“The foundation inserts a link on its website that opens the current form 990. This form as well as various policies are also made available to the the general public upon request. The foundation notifies the public of this option in various mailing and publications throughout the year.”

Filing and Contact Details

Filer

Filer Name
Bayou District Foundation
EIN
26-0833850
Phone
5045231701
Address
320 JULIA STREET, NEW ORLEANS, LA 70130

Signing Officer

Name
Gerard W Barousse
Title
Director
Phone
5045231701
Signed
2018-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gerard W Barousse
Formed
2007
Legal Domicile
La
Voting Board Members
7
Independent Board Members
7
Employees
2
Volunteers
75

Preparer

Firm
Laporte Apac
Address
111 VETERANS MEMORIAL BLVD 600, METAIRIE, LA 70005-4958
Preparer
Terri a Troyer CPA
Phone
5048355522
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 2C:

“There has been no change in the oversight process or selection process from last year.”

New Market Tax Credits

“During 2012, the foundation was a party to new market tax credits totaling $8,900,000 issued for the benefit of educare new orleans (educare), a louisiana nonprofit corporation, to finance the construction of an early education facility for educare. As part of the transaction, the foundation advanced funds through a leverage loan totaling $7,031,000 to cocrf investor xi, llc, the investor fund. The loan has a current rate of 4.4% per annum and collateralized by a security interest in cocrf investor xi, llc's deposit account with capital one, national association. The loan matures on july 24, 2019, at which point all principal is due. The foundation obtained a bridge loan as partial funding for the advances to cocrf investor xi, llc which matured and was paid in full during 2014.”

Form 990, Part IV, Line 28C

“Both gerry barousse and mike rodrigue serve on the boards of bayou district foundation and bdf elementary, which are related entities.”

Financial Statement Notes

PART V, LINE 4:

“Annual distributions of income from the fund, as determined by the board of trustees of the greater new orleans foundation (gnof) are provided to the foundation for use in the general operations. Spending policies - the foundation receives distributions from the gnof fund and decides whether to reinvest the distribution or to use for operations. Investment policies - the foundation's fund is maintained and managed by the gnof within their investment pool. The fund is invested by gnof with an attempt to provide a predictable stream of funding to programs supported by its endowment while seeking to maintain the purchasing power of these endowment assets over the long-term.”

PART X, LINE 2:

“Accounting principles generally accepted in the united states of america provide accounting and disclosure guidance about positions taken by an entity in its tax returns that might be uncertain. The foundation believes that it has appropriate support for any tax positions taken, and management has determined that there are no uncertain tax positions that are material to the financial statements. Penalties and interest assessed by income taxing authorities, if any, would be included in income tax expense.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Investment administrative fees fundraising expenses”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“FUNDRAISING EXPENSES”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Investment administrative fees”

Raw XML AppendixShowing 400 of 629 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0BAYOU DISTRICT FOUNDATION'S MISSION IS TO RAISE FUNDS TO FACILITATE THE RECONSTRUCTION OF THE NEIGHBORHOOD AND INFRASTRUCTURE OF THE FORMER ST. BERNARD HOUSING PROJECT DAMAGED BY HURRICANE KATRINA AND TO HELP ITS RESIDENTS BREAK THEIR CYCLE OF POVERTY.
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IRS990/Desc0THE BAYOU DISTRICT FOUNDATION ("BDF") WORKS TO REVITALIZE THE FORMER ST. BERNARD HOUSING PROJECT, THE LOW-INCOME HOUSING THAT WAS DESTROYED BY HURRICANE KATRINA, AND THE SURROUNDING NEIGHBORHOOD. BDF'S MISSION IS TO RAISE FUNDS TO FACILITATE THE RECONSTRUCTION OF THE NEIGHBORHOOD AND ITS INFRASTRUCTURE. IT HAS ENCOURAGED THE CONSTRUCTION OF MIXED-INCOME HOUSING, HIGH QUALITY SCHOOLS, WORKFORCE TRAINING, AND THE REDEVELOPMENT OF RECREATIONAL FACILITIES IN CITY PARK. BY FUNDING THESE PROJECTS BDF HOPES TO REVITALIZE THE COMMUNITY SO THAT RESIDENTS CAN RETURN TO A THRIVING NEIGHBORHOOD AND ENJOY A HIGH QUALITY OF LIFE, WHICH WILL HELP BREAK THEIR CYCLE OF POVERTY.
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IRS990/Form990PartVIISectionAGrp/OfficerInd1X
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IRS990/Form990PartVIISectionAGrp/OfficerInd4X
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0GERARD W BAROUSSE JR
IRS990/Form990PartVIISectionAGrp/PersonNm1BRIAN CHERAMIE
IRS990/Form990PartVIISectionAGrp/PersonNm2NOLAN MARSHALL JR
IRS990/Form990PartVIISectionAGrp/PersonNm3MIKE RODRIGUE
IRS990/Form990PartVIISectionAGrp/PersonNm4GARY SOLOMON
IRS990/Form990PartVIISectionAGrp/PersonNm5GREG BENSEL
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR, ADVISORY BOARD C
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
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IRS990/FundraisingActivitiesInd01
IRS990/FundraisingDirectExpensesAmt024813
IRS990/FundraisingGrossIncomeAmt081000
IRS990/GainOrLossGrp/SecuritiesAmt016989
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantAmt0563804
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0563804
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0563804
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
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IRS990/GrossReceiptsAmt04186148
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IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/FundraisingAmt01834
IRS990/InsuranceGrp/ManagementAndGeneralAmt02751
IRS990/InsuranceGrp/ProgramServicesAmt013754
IRS990/InsuranceGrp/TotalAmt018339
IRS990/InterestGrp/ProgramServicesAmt0134193
IRS990/InterestGrp/TotalAmt0134193
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0124440
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0136540
IRS990/InvestmentIncomeGrp/ExclusionAmt094401
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt094401
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt076501
IRS990/InvestmentsProgramRelatedGrp/EOYAmt086713
IRS990/InvestmentsPubTradedSecGrp/BOYAmt028596
IRS990/InvestmentsPubTradedSecGrp/EOYAmt015560
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0122399
IRS990/LandBldgEquipBasisNetGrp/BOYAmt082702
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0544078
IRS990/LandBldgEquipCostOrOtherBssAmt0666477
IRS990/LegalDomicileStateCd0LA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0BAYOU DISTRICT FOUNDATION'S MISSION IS TO RAISE FUNDS TO FACILITATE THE RECONSTRUCTION OF THE NEIGHBORHOOD AND INFRASTRUCTURE OF THE FORMER ST. BERNARD HOUSING PROJECT DAMAGED BY HURRICANE KATRINA AND TO HELP ITS RESIDENTS BREAK THEIR CYCLE OF POVERTY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt09351260
IRS990/NetAssetsOrFundBalancesEOYAmt04522392
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt016989
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt016989
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt056187
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt056187
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt013029
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt013029
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt09394
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt0-16
IRS990/OccupancyGrp/ProgramServicesAmt01913
IRS990/OccupancyGrp/TotalAmt01897
IRS990/OfficeExpensesGrp/FundraisingAmt01109
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0855
IRS990/OfficeExpensesGrp/ProgramServicesAmt09382
IRS990/OfficeExpensesGrp/TotalAmt011346
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt07031000
IRS990/OtherAssetsTotalGrp/EOYAmt07031000
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt02667
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04001
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt020003
IRS990/OtherEmployeeBenefitsGrp/TotalAmt026671
IRS990/OtherExpensesGrp/Desc0CITY PARK GOLF COURSE P
IRS990/OtherExpensesGrp/Desc1KIPP BELIEVE CHARTER SC
IRS990/OtherExpensesGrp/Desc2DEDICATED FUNDS
IRS990/OtherExpensesGrp/Desc3WEBSITE
IRS990/OtherExpensesGrp/FundraisingAmt01314
IRS990/OtherExpensesGrp/ProgramServicesAmt05740892
IRS990/OtherExpensesGrp/ProgramServicesAmt11456282
IRS990/OtherExpensesGrp/ProgramServicesAmt287921
IRS990/OtherExpensesGrp/ProgramServicesAmt33941
IRS990/OtherExpensesGrp/TotalAmt05740892
IRS990/OtherExpensesGrp/TotalAmt11456282
IRS990/OtherExpensesGrp/TotalAmt287921
IRS990/OtherExpensesGrp/TotalAmt35255
IRS990/OtherLiabilitiesGrp/BOYAmt0100000
IRS990/OtherLiabilitiesGrp/EOYAmt0275000
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt05651
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt05651
IRS990/OtherRevenueTotalAmt05651
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt095839
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt03217
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt060715
IRS990/OtherSalariesAndWagesGrp/TotalAmt0159771
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt07469
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0440
IRS990/PayrollTaxesGrp/ProgramServicesAmt05617
IRS990/PayrollTaxesGrp/TotalAmt013526
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt075000
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt075000
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01916040
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt02775545
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01157
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01157
IRS990/PrincipalOfficerNm0GERARD W BAROUSSE
IRS990/ProfessionalFundraisingInd01
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0GOLF COURSE REIMBURSEM
IRS990/ProgramServiceRevenueGrp/Desc1GOLF COURSE MANAGEMENT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01145250
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt125620
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01145250
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt125620
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0833829
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0485728
IRS990/PYInvestmentIncomeAmt0109248
IRS990/PYOtherExpensesAmt02980452
IRS990/PYOtherRevenueAmt031963
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-2904435
IRS990/PYSalariesCompEmpBnftPaidAmt0406565
IRS990/PYTotalExpensesAmt03879475
IRS990/PYTotalProfFndrsngExpnsAmt06730
IRS990/PYTotalRevenueAmt0975040
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-4838262
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01189550
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02804208
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0833829
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01735010
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02735672
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt04991734
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt013100453
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt094401
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0109248
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt099319
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt097101
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0144744
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0544813
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01856328
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt05651
IRS990ScheduleA/OtherIncome170Grp/TotalAmt05651
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.67850
IRS990ScheduleA/PublicSupportPY170Pct00.75130
IRS990ScheduleA/PublicSupportTotal170Amt09261561
IRS990ScheduleA/SubstantialContributorsTotAmt03838892
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02804208
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0833829
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01735010
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02735672
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt04991734
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt013100453
IRS990ScheduleA/TotalSupportAmt013650917
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt0865
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt076501
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt086713
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt011077
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0522
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt049889
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt025000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt076501
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02134
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0245
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt024988
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt025000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt049889
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0146
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt075
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt025000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt024988
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IRS990ScheduleD/DonatedServicesUseFcltsAmt027442
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt0122399
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0666477
IRS990ScheduleD/ExpensesNotReportedAmt052255
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01015
IRS990ScheduleD/ExpensesSubtotalAmt08998582
IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt07031000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM COCRF - INVESTOR XI, LLC
IRS990ScheduleD/OtherExpensesIncludedAmt024813
IRS990ScheduleD/OtherExpensesNotIncludedAmt01015
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0275000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RELATED PARTY
IRS990ScheduleD/OtherRevenueAmt023798
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.86490
IRS990ScheduleD/RevenueNotReportedAmt060634
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04161335
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ANNUAL DISTRIBUTIONS OF INCOME FROM THE FUND, AS DETERMINED BY THE BOARD OF TRUSTEES OF THE GREATER NEW ORLEANS FOUNDATION (GNOF) ARE PROVIDED TO THE FOUNDATION FOR USE IN THE GENERAL OPERATIONS. SPENDING POLICIES - THE FOUNDATION RECEIVES DISTRIBUTIONS FROM THE GNOF FUND AND DECIDES WHETHER TO REINVEST THE DISTRIBUTION OR TO USE FOR OPERATIONS. INVESTMENT POLICIES - THE FOUNDATION'S FUND IS MAINTAINED AND MANAGED BY THE GNOF WITHIN THEIR INVESTMENT POOL. THE FUND IS INVESTED BY GNOF WITH AN ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THESE ENDOWMENT ASSETS OVER THE LONG-TERM.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PROVIDE ACCOUNTING AND DISCLOSURE GUIDANCE ABOUT POSITIONS TAKEN BY AN ENTITY IN ITS TAX RETURNS THAT MIGHT BE UNCERTAIN. THE FOUNDATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND MANAGEMENT HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. PENALTIES AND INTEREST ASSESSED BY INCOME TAXING AUTHORITIES, IF ANY, WOULD BE INCLUDED IN INCOME TAX EXPENSE.

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,884,508
Liabilities
$6,362,116
Net assets
$4,522,392
Revenue
$4,161,335
Expenses
$8,999,597
Net income
-$4,838,262
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.71$3.79$2.08$2.78$2.54$0.23
2023Detailed filing. Detailed filing data is available for this year.$1.87$4.19$2.33$2.53$2.54$0.02
2022Detailed filing. Detailed filing data is available for this year.$2.63$4.98$2.35$2.67$2.20$0.47
2021Detailed filing. Detailed filing data is available for this year.$2.08$4.92$2.84$2.97$2.80$0.16
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.52$5.55$3.03$2.48$2.53$0.05
2019Detailed filing. Detailed filing data is available for this year.$2.49$5.50$3.01$2.68$9.51$6.83
2018Detailed filing. Detailed filing data is available for this year.$10.6$6.10$4.49$3.59$3.61$0.02
2017Detailed filing. Detailed filing data is available for this year.$10.9$6.36$4.52$4.16$9.00$4.84
2016Detailed filing. Detailed filing data is available for this year.$12.4$3.05$9.35$0.98$3.88$2.90
2015Detailed filing. Detailed filing data is available for this year.$14.4$2.19$12.3$1.86$1.40$0.46
2014Detailed filing. Detailed filing data is available for this year.$12.1$0.28$11.8$2.83$1.45$1.38
2013Detailed filing. Detailed filing data is available for this year.$11.4$1.03$10.4$5.13$0.84$4.29
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.35$3.22$6.13$0.38
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.58$0.01$2.56$0.81
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.64$0.02$1.62$0.37