Civic Intelligence

New Orleans Culinary and Hospitality Institute Inc.

990 • Fiscal year 2018 • EIN 46-3311280

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 14, 2019

Organization ProfileWWW.NOCHI.ORG

View Organization Page

725 Howard Avenue No 101New Orleans, LA 70130

(504) 891-4060

Siviq Scores

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

Liabilities / Assets

71st percentile

0.47x

Higher debt load relative to assets than 71% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

86th percentile

1.69x

Higher debt load relative to revenue than 86% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

96th percentile

74%

Higher net margin than 96% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

68th percentile

$238,628

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 3.7% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

51st percentile

2.1%

Faster asset growth than 51% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

6th percentile

-41%

Faster revenue growth than 6% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets71st percentile

Assets

Up

$22,894,992

Up $476,338 (+2.1%) from 2017

Net Assets

Up

$12,033,248

Up $4,916,966 (+69%) from 2017

Liabilities

Down

$10,861,744

Down $4,440,628 (-29%) from 2017

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin96th percentile

Revenue

Down

$6,435,298

Down $4,499,112 (-41%) from 2017

Expenses

Up

$1,656,332

Up $785,787 (+90%) from 2017

Net Income

Down

$4,778,966

Down $5,284,899 (-53%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth51st percentile

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

$30M$20M$10M$0-$10MAssets 2013: $1Liabilities 2013: $02013Assets 2014: $6,309,329Liabilities 2014: $7,254,101Net Assets 2014: -$944,7722014Assets 2015: $7,286,538Liabilities 2015: $9,423,178Net Assets 2015: -$2,136,6402015Assets 2016: $7,002,012Liabilities 2016: $9,949,594Net Assets 2016: -$2,947,5822016Assets 2017: $22,418,654Liabilities 2017: $15,302,372Net Assets 2017: $7,116,2822017Assets 2018: $22,894,992Liabilities 2018: $10,861,744Net Assets 2018: $12,033,2482018Assets 2019: $19,174,700Liabilities 2019: $6,842,433Net Assets 2019: $12,332,2672019Assets 2020: $17,840,876Liabilities 2020: $6,507,108Net Assets 2020: $11,333,7682020Assets 2021: $17,473,876Liabilities 2021: $4,773,819Net Assets 2021: $12,700,0572021Assets 2022: $19,060,810Liabilities 2022: $6,482,004Net Assets 2022: $12,578,8062022Assets 2023: $17,240,457Liabilities 2023: $4,338,848Net Assets 2023: $12,901,6092023Assets 2024: $2,482,729Liabilities 2024: $4,168,438Net Assets 2024: -$1,685,7092024

Highlighted filing

2018

Assets$22,894,992
Liabilities$10,861,744
Net Assets$12,033,248
Open 2018 Filing

Operations Trend

Revenue Growth6th percentile

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

$15M$10M$5.0M$0-$5.0MRevenue 2013: $0Expenses 2013: $0Net Income 2013: $02013Revenue 2014: $44,139Expenses 2014: $974,718Net Income 2014: -$930,5792014Revenue 2015: $52,755Expenses 2015: $1,244,623Net Income 2015: -$1,191,8682015Revenue 2016: $30Expenses 2016: $883,630Net Income 2016: -$883,6002016Revenue 2017: $10,934,410Expenses 2017: $870,545Net Income 2017: $10,063,8652017Revenue 2018: $6,435,298Expenses 2018: $1,656,332Net Income 2018: $4,778,9662018Revenue 2019: $7,045,695Expenses 2019: $6,746,676Net Income 2019: $299,0192019Revenue 2020: $3,001,368Expenses 2020: $3,999,867Net Income 2020: -$998,4992020Revenue 2021: $4,779,662Expenses 2021: $3,413,373Net Income 2021: $1,366,2892021Revenue 2022: $4,161,067Expenses 2022: $4,202,700Net Income 2022: -$41,6332022Revenue 2023: $4,734,009Expenses 2023: $4,441,460Net Income 2023: $292,5492023Revenue 2024: $4,617,493Expenses 2024: $5,923,311Net Income 2024: -$1,305,8182024

Highlighted filing

2018

Revenue$6,435,298
Expenses$1,656,332
Net Income$4,778,966
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 14, 2019
Return Version
2018v3.1
Gross Receipts
$6,650,375
Mission and Program Overview

Mission

To create world-class culinary and hospitality facilities, programs, and research that drive workforce and economic dvelopment for the new orleans region.

To create world-class culinary and hospitality facilities, programs, and research that drive workforce and economic development for the new orleans region.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$14,372,793$13,281,500▼ $1,091,293
Pledges and Grants Receivable$3,018,000$3,519,610▲ $501,610
Land, Buildings, and Equipment, Net$0$1,919,905▲ $1,919,905
Cash and Non-Interest-Bearing Accounts$4,968,289$1,059,278▼ $3,909,011
Accounts Receivable-$270,222-
Prepaid Expenses and Deferred Charges$51,500$142,635▲ $91,135
Savings and Temporary Cash Investments-$905-
Total Assets$22,418,654$22,894,992▲ $476,338
Other Assets Total$8,072$2,700,937▲ $2,692,865
Liabilities
Mortgage Notes Payable Secured by Investment Property$14,617,862$10,378,626▼ $4,239,236
Deferred Revenue$532,124$317,280▼ $214,844
Accounts Payable and Accrued Expenses$152,386$165,539▲ $13,153
Other Liabilities$0$299▲ $299
Total Liabilities$15,302,372$10,861,744▼ $4,440,628
Net Assets / Fund Balance
Unrestricted Net Assets$3,832,565$8,483,863▲ $4,651,298
Temporarily Rstr Net Assets$3,283,717$3,549,385▲ $265,668
Total Net Assets Fund Balance$7,116,282$12,033,248▲ $4,916,966
Total Liabilities and Net Assets / Fund Balance$22,418,654$22,894,992▲ $476,338

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,919,905-$1,919,905
Other Assets Org$2,700,937--
Compensation and Service Providers
Top Officer Pay68th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Carol MarkowitzExecutive DirectorFT$175,000$63,628$238,628
Michael KernahanDirector of FinanceFT$29,150$1,660$30,810

Board Members and Trustees

NameTitle
Adelaide Ti MartinPresident
Richard Brennan JrVice President
David BlitchDirector
Deborah ElamDirector
Edgar Chase IiiDirector
Michael SmithDirector
Sean TuohyDirector
Barbara MollereSecretary
George Brower IiTreasuer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,269,410
Program Service Revenue
$2,190,859
Investment Income
$19,566
Other Revenue
$-44,537
All Other Contributions
$4,269,410
Change in Net Assets
$4,778,966
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,100,723
Salaries, Compensation, and Employee Benefits$555,609
Total Fundraising Expense$246,315
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$487,521$121,880-$609,401
Current Officers, Directors, Trustees, and Key Employees$59,657$150,124$59,657$269,438
Advertising$229,425-$19,467$248,892
Other Salaries and Wages$70,879$40,064$119,863$230,806
Fees for Services Other$74,372$11,652-$86,024
Depreciation Depletion$28,663$7,166-$35,829
Payroll Taxes$8,264$11,760$11,760$31,784
Fees for Services Legal$12,089$19,533-$31,622
Other Employee Benefits$6,969$4,072$12,540$23,581
Office Expenses$1,576$15,250$1,576$18,402
Occupancy-$16,345-$16,345
Travel$5,800-$10,369$16,169
Information Technology$745$6,174$5,498$12,417
Insurance-$11,003-$11,003
Fees for Services Accounting-$6,500-$6,500
Conferences and Meetings--$5,585$5,585
Other Expenses$2,534--$2,534
Total Functional Expenses$988,494$421,523$246,315$1,656,332
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Nochi Re$299
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with family members
No
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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 negoatiations 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.”

Filing and Contact Details

Filer

Filer Name
New Orleans Culinary &
EIN
46-3311280
Phone
5048914060
Address
725 HOWARD AVENUE NO 101, NEW ORLEANS, LA 70130

Signing Officer

Name
Patrick Nedd
Title
Director of Finance
Phone
5048914060
Signed
2019-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Leah Sarris
Formed
2013
Legal Domicile
La
Voting Board Members
9
Independent Board Members
9
Employees
14
Volunteers
9

Preparer

Firm
Postlethwaite & Netterville
Address
ONE GALLERIA BLVD STE 2100, METAIRIE, LA 70001
Preparer
Sharon Cassiere
Phone
5048375990
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

“See program services accomplishments for details.”

FORM 990, PART XII, LINE 2C:

“The full board of directors assumes responsibility for selection of an independent accountant.”

Financial Statement Notes

PART X, LINE 2:

“New orleans culinary and hospitality institute, inc. (nochi) is exempt from federal income tax under section 501(c)3 of the internal revenue code. Nochi had no unrelated business activity during the year ended december 31, 2018. Accordingly, no provision for income taxes is included in the consolidated financial statements. 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 private foundations under irc sections 509(a)(1) and (3), respectively. Nochi real estate, inc. Is exempt from federal income tax under section 501(c)2 of the internal revenue code as a title holding corporation. Nochi real estate inc. Has no unrelated business activity during the year ended december 31, 2018. Accordingly, no provision for income taxes is included in the consolidated financial statements.”

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IRS990/InvestmentIncomeGrp/ExclusionAmt019566
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt019566
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt08
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01919905
IRS990/LandBldgEquipCostOrOtherBssAmt01919905
IRS990/LegalDomicileStateCd0LA
IRS990/LessRentalExpensesGrp/RealAmt0215077
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO CREATE WORLD-CLASS CULINARY AND HOSPITALITY FACILITIES, PROGRAMS, AND RESEARCH THAT DRIVE WORKFORCE AND ECONOMIC DEVELOPMENT FOR THE NEW ORLEANS REGION.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt014617862
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt010378626
IRS990/NetAssetsOrFundBalancesBOYAmt07116282
IRS990/NetAssetsOrFundBalancesEOYAmt012033248
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0-44537
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0-44537
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt016345
IRS990/OccupancyGrp/TotalAmt016345
IRS990/OfficeExpensesGrp/FundraisingAmt01576
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt015250
IRS990/OfficeExpensesGrp/ProgramServicesAmt01576
IRS990/OfficeExpensesGrp/TotalAmt018402
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt08072
IRS990/OtherAssetsTotalGrp/EOYAmt02700937
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt012540
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04072
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt06969
IRS990/OtherEmployeeBenefitsGrp/TotalAmt023581
IRS990/OtherExpensesGrp/Desc0JOB MATERIALS
IRS990/OtherExpensesGrp/ProgramServicesAmt02534
IRS990/OtherExpensesGrp/TotalAmt02534
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt0299
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0119863
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt040064
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt070879
IRS990/OtherSalariesAndWagesGrp/TotalAmt0230806
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt014372793
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt013281500
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt011760
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt011760
IRS990/PayrollTaxesGrp/ProgramServicesAmt08264
IRS990/PayrollTaxesGrp/TotalAmt031784
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt03018000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt03519610
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt051500
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0142635
IRS990/PrincipalOfficerNm0LEAH SARRIS
IRS990/PriorPeriodAdjustmentsAmt0138000
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/BusinessCd2611519
IRS990/ProgramServiceRevenueGrp/Desc0DEVELOPER FEE - NMTC
IRS990/ProgramServiceRevenueGrp/Desc1LEVERAGE LOAN INTEREST
IRS990/ProgramServiceRevenueGrp/Desc2TUITION
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02124818
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt162225
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt23816
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02124818
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt162225
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt23816
IRS990/ProgSrvcAccomActy2Grp/Desc0NEW 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 ARECRITICAL TO A PRODUCTION-ORIENTED PROFESSIONAL COOK OR BAKER. THE FACILITIES ALSO INCLUDE A CAFE AND SPACE FOR PRIVATE EVENTS, BOTH OF WHICH ARE INTENDED TO GENERATE REVENUE FOR THE SCHOOL AND PROVIDE THE OPPORTUNITY FOR EXPERIENTIAL LEARNING FOR FUTURE STUDENTS. NO CLASSES STARTED IN 2018, HOWEVER, 19 STUDENTS WERE REGISTERED FOR THE 2019 SCHOOL YEAR.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0472310
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt03816
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03724900
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt06203483
IRS990/PYOtherExpensesAmt0651673
IRS990/PYOtherRevenueAmt01006027
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt010063865
IRS990/PYSalariesCompEmpBnftPaidAmt0218872
IRS990/PYTotalExpensesAmt0870545
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt010934410
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt04778966
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/RentalIncomeOrLossGrp/RealAmt0-44537
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02187043
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0905
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0REIMBURSEMENTS OF PRIOR COSTS - 2017 AMOUNT: $ 1,006,027.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1DESCRIPTION: CAPITAL CAMPAIGN FOR SCHOOL STARTUP DATE: 08/20/18 AMOUNT: 962070. DESCRIPTION: CONTRIBUTED KITCHEN EQUIPMENT FOR SCHOOL STARTUP DATE: 12/21/18 AMOUNT: 1919905.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt04269410
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt03724900
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt050755
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt040725
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt08085790
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0190106
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt029914
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt030
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0220050
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt02190859
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt01006027
IRS990ScheduleA/OtherIncome170Grp/TotalAmt01006027
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.58940
IRS990ScheduleA/PublicSupportTotal170Amt05488774
IRS990ScheduleA/SubstantialContributorsTotAmt02597016
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt04269410
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt03724900
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt050755
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt040725
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt08085790
IRS990ScheduleA/TotalSupportAmt09311867
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt01919905
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01919905
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02700937
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM NOCHI RE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0299
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO NOCHI RE
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0NEW ORLEANS CULINARY AND HOSPITALITY INSTITUTE, INC. (NOCHI) IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)3 OF THE INTERNAL REVENUE CODE. NOCHI HAD NO UNRELATED BUSINESS ACTIVITY DURING THE YEAR ENDED DECEMBER 31, 2018. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. 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 PRIVATE FOUNDATIONS UNDER IRC SECTIONS 509(A)(1) AND (3), RESPECTIVELY. NOCHI REAL ESTATE, INC. IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)2 OF THE INTERNAL REVENUE CODE AS A TITLE HOLDING CORPORATION. NOCHI REAL ESTATE INC. HAS NO UNRELATED BUSINESS ACTIVITY DURING THE YEAR ENDED DECEMBER 31, 2018. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01919905
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02700937
IRS990ScheduleD/TotalLiabilityAmt0299
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0NOCHI 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.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleJ/AnyNonFixedPaymentsInd01
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$22,894,992
Liabilities
$10,861,744
Net assets
$12,033,248
Revenue
$6,435,298
Expenses
$1,656,332
Net income
$4,778,966
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.48$4.17$1.69$4.62$5.92$1.31
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.2$4.34$12.9$4.73$4.44$0.29
2022Detailed filing. Detailed filing data is available for this year.$19.1$6.48$12.6$4.16$4.20$0.04
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.5$4.77$12.7$4.78$3.41$1.37
2020Detailed filing. Detailed filing data is available for this year.$17.8$6.51$11.3$3.00$4.00$1.00
2019Detailed filing. Detailed filing data is available for this year.$19.2$6.84$12.3$7.05$6.75$0.30
2018Detailed filing. Detailed filing data is available for this year.$22.9$10.9$12.0$6.44$1.66$4.78
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.4$15.3$7.12$10.9$0.87$10.1
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.00$9.95$2.95$0.00$0.88$0.88
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.29$9.42$2.14$0.05$1.24$1.19
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.31$7.25$0.94$0.04$0.97$0.93
2013Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00