Civic Intelligence

Michalopoulos Foundation

EIN 47-4003793 • 501(c)3 • New Orleans, LA

Profile

To educate and foster development of local visual art through the operation of a museum to display local artist's works, holding workshops to educate and help develop local artists, and providing care and outreach to the homeless.

527 Elysian Fields AveNew Orleans, LA 70117

n/A

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.03x

Higher debt load relative to assets than 72% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

94th percentile

0.77x

Higher debt load relative to revenue than 94% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

93rd percentile

66%

Higher net margin than 93% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

59th percentile

2.4%

Faster asset growth than 59% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

53rd percentile

0.0%

Faster revenue growth than 53% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Up

$333,539

Up $7,716 (+2.4%) from 2021

Liabilities

Down

$9,199

Down $195 (-2.1%) from 2021

Net Assets

Up

$324,340

Up $7,911 (+2.5%) from 2021

Operations
Liabilities / Revenue94th percentileNet Margin93rd percentile

Revenue

Flat

$12,000

Flat from 2021

Expenses

Down

$4,089

Down $4,483 (-52%) from 2021

Net Income

Up

$7,911

Up $4,483 (+131%) from 2021

Trend Graphs

Balance Sheet Trend

Asset Growth59th percentile

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

$400K$300K$200K$100K$0Assets 2019: $271,805Liabilities 2019: $73,838Net Assets 2019: $197,9672019Assets 2020: $321,806Liabilities 2020: $8,805Net Assets 2020: $313,0012020Assets 2021: $325,823Liabilities 2021: $9,394Net Assets 2021: $316,4292021Assets 2022: $333,539Liabilities 2022: $9,199Net Assets 2022: $324,3402022

Highlighted filing

2022

Assets$333,539
Liabilities$9,199
Net Assets$324,340
Open 2022 Filing

Operations Trend

Revenue Growth53rd percentile

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

$200K$150K$100K$50K$0Revenue 2019: $190,000Expenses 2019: $2,873Net Income 2019: $187,1272019Revenue 2020: $117,613Expenses 2020: $2,579Net Income 2020: $115,0342020Revenue 2021: $12,000Expenses 2021: $8,572Net Income 2021: $3,4282021Revenue 2022: $12,000Expenses 2022: $4,089Net Income 2022: $7,9112022

Highlighted filing

2022

Revenue$12,000
Expenses$4,089
Net Income$7,911
Open 2022 Filing

Filings

Most recent year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$333,539
Liabilities
$9,199
Net assets
$324,340
Revenue
$12,000
Expenses
$4,089
Net income
$7,911
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$3.34$0.09$3.24$0.12$0.04$0.08
2021Detailed filing. Detailed filing data is available for this year.$3.26$0.09$3.16$0.12$0.09$0.03
2020Detailed filing. Detailed filing data is available for this year.$3.22$0.09$3.13$1.18$0.03$1.15
2019Detailed filing. Detailed filing data is available for this year.$2.72$0.74$1.98$1.90$0.03$1.87
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 25, 2023
Return Version
2022v5.0
Gross Receipts
$12,000
Mission and Program Overview

Mission

To educate and foster development of local visual art through the operation of a museum to display local artist's works, holding workshops to educate and help develop local artists, and providing care and outreach to the homeless.

Program Services

DescriptionGrantsExpenses
TO EDUCATE AND FOSTER DEVELOPMENT OF LOCAL VISUAL ART THROUGH THE OPERATION OF A MUSEUM TO DISPLAY LOCAL ARTIST'S WORKS, HOLDING WORKSHOPS TO EDUCATE AND HELP DEVELOP LOCAL ARTISTS, AND PROVIDING CARE AND OUTREACH TO THE HOMELESS.$0$0
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
TATIANNA MACCHIONEDirector-$0--
JAMES MICHALOPOULOSPresident-$0--
Filing and Contact Details

Filer

Filer Name
Michalopoulos Foundation
EIN
47-4003793
Phone
5049096469
Address
527 ELYSIAN FIELDS AVE, NEW ORLEANS, LA 70117

Signing Officer

Name
James Michalopoulos
Title
President
Phone
5049096469
Signed
2023-10-25
Discuss with paid preparer
Yes

Preparer

Firm
Wegmann Dazet Apc
Address
111 VETERANS BLVD SUITE 1600, METAIRIE, LA 70005
Preparer
John D White
Phone
5048378844
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: taxes & licenses. Amount: 1,387. Description: miscellaneous expenses. Amount: 67. Description: management fee. Amount: 900. Total to form 990-ez, line 16: 2,354.”

Form 990-ez, Part II, Line 26 - Other Liabilities

“Description: due to related parties. Beg. Of year amount: 7,399. End of year amount: 9,199. Description: accounts payable. Beg. Of year amount: 1,995. End of year amount: 0.”

Raw XML Appendix163 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.

Path#Value
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0TATIANNA MACCHIONE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1JAMES MICHALOPOULOS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1PRESIDENT
IRS990EZ/OperateHospitalInd00
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IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt02354
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IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0TO EDUCATE AND FOSTER DEVELOPMENT OF LOCAL VISUAL ART THROUGH THE OPERATION OF A MUSEUM TO DISPLAY LOCAL ARTIST'S WORKS, HOLDING WORKSHOPS TO EDUCATE AND HELP DEVELOP LOCAL ARTISTS, AND PROVIDING CARE AND OUTREACH TO THE HOMELESS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0TO EDUCATE AND FOSTER DEVELOPMENT OF LOCAL VISUAL ART THROUGH THE OPERATION OF A MUSEUM TO DISPLAY LOCAL ARTIST'S WORKS, HOLDING WORKSHOPS TO EDUCATE AND HELP DEVELOP LOCAL ARTISTS, AND PROVIDING CARE AND OUTREACH TO THE HOMELESS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
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IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
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IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt04089
IRS990EZ/TotalRevenueAmt012000
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt067613
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt067613
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0331613
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.79610
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0331613
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt09199
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0TO EDUCATE AND FOSTER DEVELOPMENT OF LOCAL VISUAL ART
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt018353
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0JAMES MICHALOPOULOS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0PRESIDENT/FOUNDER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd00
IRS990ScheduleL/TotalBalanceDueAmt09199
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: TAXES & LICENSES. AMOUNT: 1,387. DESCRIPTION: MISCELLANEOUS EXPENSES. AMOUNT: 67. DESCRIPTION: MANAGEMENT FEE. AMOUNT: 900. TOTAL TO FORM 990-EZ, LINE 16: 2,354.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: DUE TO RELATED PARTIES. BEG. OF YEAR AMOUNT: 7,399. END OF YEAR AMOUNT: 9,199. DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 1,995. END OF YEAR AMOUNT: 0.
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TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES MICHALOPOULOS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05049096469
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-10-25
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ReturnHeader/Filer/PhoneNum05049096469
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ReturnHeader/PreparerPersonGrp/PhoneNum05048378844
ReturnHeader/PreparerPersonGrp/PreparationDt02023-10-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN D WHITE
ReturnHeader/ReturnTs02023-11-15T16:33:58-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JAMES
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MICHALOPOULOS
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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