Civic Intelligence

Friends of Noaam

EIN 46-5167797 • 501(c)3 • New Orleans, LA

Profile

To support the New Orleans African American Museum of Art.

1408 Governor Nicholls StreetNew Orleans, LA 70116
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

21st percentile

0.00x

Higher debt load relative to assets than 21% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

22nd percentile

0.00x

Higher debt load relative to revenue than 22% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

99th percentile

98%

Higher net margin than 99% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

38th percentile

-0.4%

Faster asset growth than 38% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

99th percentile

1901%

Faster revenue growth than 99% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets21st percentile

Assets

Down

$1,415,000

Down $5,000 (-0.4%) from 2016

Liabilities

Down

$800

Down $820,920 (-100%) from 2016

Net Assets

Up

$1,414,200

Up $815,920 (+136%) from 2016

Operations
Liabilities / Revenue22nd percentileNet Margin99th percentile

Revenue

Up

$829,570

Up $788,110 (+1901%) from 2016

Expenses

Down

$13,650

Down $45,064 (-77%) from 2016

Net Income

Up

$815,920

Up $833,174 (+4829%) from 2016

Trend Graphs

Balance Sheet Trend

Asset Growth38th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2014: $1,473,915Liabilities 2014: $821,720Net Assets 2014: $652,1952014Assets 2015: $1,437,254Liabilities 2015: $821,720Net Assets 2015: $615,5342015Assets 2016: $1,420,000Liabilities 2016: $821,720Net Assets 2016: $598,2802016Assets 2017: $1,415,000Liabilities 2017: $800Net Assets 2017: $1,414,2002017

Highlighted filing

2017

Assets$1,415,000
Liabilities$800
Net Assets$1,414,200
Open 2017 Filing

Operations Trend

Revenue Growth99th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2014: $671,026Expenses 2014: $18,831Net Income 2014: $652,1952014Revenue 2015: $20,000Expenses 2015: $56,661Net Income 2015: -$36,6612015Revenue 2016: $41,460Expenses 2016: $58,714Net Income 2016: -$17,2542016Revenue 2017: $829,570Expenses 2017: $13,650Net Income 2017: $815,9202017

Highlighted filing

2017

Revenue$829,570
Expenses$13,650
Net Income$815,920
Open 2017 Filing

Filings

Most recent year

2017 • Form 990Summary only. Only limited summary data is available for this year.

Open filing
Assets
$1,415,000
Liabilities
$800
Net assets
$1,414,200
Revenue
$829,570
Expenses
$13,650
Net income
$815,920
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2017Summary only. Only limited summary data is available for this year.$1.42$0.00$1.41$0.83$0.01$0.82
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.42$0.82$0.60$0.04$0.06$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.44$0.82$0.62$0.02$0.06$0.04
2014Detailed filing. Detailed filing data is available for this year.$1.47$0.82$0.65$0.67$0.02$0.65
Latest Detailed Filing

The latest 2017 filing currently has summary financial data only. Showing the latest detailed filing from 2015 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Aug 15, 2017
Return Version
2015v3.0
Gross Receipts
$20,000
Mission and Program Overview

Mission

To support the New Orleans African American Museum of Art.

The Corporation is organized for the benefit and support of the New Orleans African American Museum of Art, Culture and History ("NOAAM"), a Louisiana nonprofit corporation exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code of 1986 as amended and as hereafter amended (the "Code"). The Corporation is authorized to engage in any lawful activity for which corporations may be formed under the Louisiana Nonprofit Corporation Law, subject to the restriction that the corporation shall not carry on any activities not permitted to be carried on by a corporation exempt from federal income tax under Code Section 501(c)(3) or by a corporation the contributions to which are deductible under Code Section 170.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$1,415,000$1,415,000→ $0
Cash and Non-Interest-Bearing Accounts$58,915$22,254▼ $36,661
Savings and Temporary Cash Investments$0--
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0--
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$1,473,915$1,437,254▼ $36,661
Other Assets Total$0$0→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$821,720$821,720→ $0
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$821,720$821,720→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$652,195$615,534▼ $36,661
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$652,195$615,534▼ $36,661
Total Liabilities and Net Assets / Fund Balance$1,473,915$1,437,254▼ $36,661
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Jimmie Thorns JrPresident
Geoffrey SnodgrassVice President
Gina Marie MonetteMember
Marsha BroussardSecretary
Frank WilliamsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$20,000
Other Revenue
$0
Change in Net Assets
$-36,661
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$56,661
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$50,014--$50,014
Payments to Affiliates$5,397--$5,397
Other Expenses$1,250$0$0$1,250
Total Functional Expenses$56,661$0$0$56,661
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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

“All board members are emailed a draft of the 990 and review it. Any questions are answered prior to submission.”

Form 990, Part VI, Section C, Line 19

“All documents are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Friends of NOAAM
EIN
46-5167797
Phone
5042963873
Address
1408 Governor Nicholls Street, New Orleans, LA 70116

Signing Officer

Name
Frank Williams
Title
Treasurer
Phone
5042963873
Signed
2017-08-15

Organization Details

Principal Officer
Marsha Broussard
Formed
2014
Legal Domicile
La
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
2
Raw XML AppendixShowing 400 of 413 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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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/Total509Grp/TotalAmt0622915
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0622915
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0622915
IRS990ScheduleA/TotalSupportAmt0691026
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt020000
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0671026
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0691026
IRS990/ScheduleBRequiredInd00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0All board members are emailed a draft of the 990 and review it. Any questions are answered prior to submission.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All documents are made available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0New Orleans African American Museum of Art Culture and History
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0721467537
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0LA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Museum
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01418 Governor Nicholls St
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0New Orleans
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0LA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd070116
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IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
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IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd01
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
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IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
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IRS990/SubjectToProxyTaxInd00
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IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt01437254
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt056661
IRS990/TotalFunctionalExpensesGrp/TotalAmt056661
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt0821720
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IRS990/TotalLiabilitiesGrp/EOYAmt0821720
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0615534
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IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
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IRS990/TotalProgramServiceRevenueAmt00
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IRS990/TotalRevenueGrp/ExclusionAmt00
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt020000
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01473915
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01437254
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
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IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01418 Governor Nicholls Street
IRS990/USAddress/CityNm0New Orleans
IRS990/USAddress/StateAbbreviationCd0LA
IRS990/USAddress/ZIPCd070119
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd00
ReasonableCauseExplanation/ExplanationTxt0We are undergoing a board and organizational reorganization. The Friends of NOAAM has no staff. As such our board has been working on items that would normally be addressed by staff to include the submission of tax documents.
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Frank Williams
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum05042963873
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-08-15

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