Civic Intelligence

Michalopoulos Foundation

990EZ • Fiscal year 2020 • EIN 47-4003793

Jan 01, 2020 to Dec 31, 2020 • Filed on Dec 16, 2021

Organization ProfileN/A
527 Elysian Fields AveNew Orleans, LA 70117

(504) 909-6469

Siviq Scores

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

Liabilities / Assets

67th percentile

0.03x

Higher debt load relative to assets than 67% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

74th percentile

0.07x

Higher debt load relative to revenue than 74% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

98th percentile

98%

Higher net margin than 98% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

65th percentile

18%

Faster asset growth than 65% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

30th percentile

-38%

Faster revenue growth than 30% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets67th percentile

Assets

Up

$321,806

Up $50,001 (+18%) from 2019

Net Assets

Up

$313,001

Up $115,034 (+58%) from 2019

Liabilities

Down

$8,805

Down $65,033 (-88%) from 2019

Revenue And Expenses
Liabilities / Revenue74th percentileNet Margin98th percentile

Revenue

Down

$117,613

Down $72,387 (-38%) from 2019

Expenses

Down

$2,579

Down $294 (-10%) from 2019

Net Income

Down

$115,034

Down $72,093 (-39%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth65th percentile

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

$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

2020

Assets$321,806
Liabilities$8,805
Net Assets$313,001
Open 2020 Filing

Operations Trend

Revenue Growth30th percentile

Revenue, expenses, and net income across loaded years, with this 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

2020

Revenue$117,613
Expenses$2,579
Net Income$115,034
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Dec 16, 2021
Return Version
2020v4.1
Gross Receipts
$117,613
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 Pay76th 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
2021-12-16
Discuss with paid preparer
Yes

Preparer

Firm
Wegmann Dazet Apc
Address
111 VETERANS BLVD SUITE 800, METAIRIE, LA 70005
Preparer
John D White
Phone
5048378844
Supplemental Narrative

Additional Explanations

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

“Description: insurance. Amount: 331. Description: taxes & licenses. Amount: 90. Description: miscellaneous expenses. Amount: 162. Total to form 990-ez, line 16: 583.”

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

“Description: due to related parties. Beg. Of year amount: 73,838. End of year amount: 6,984. Description: accounts payable. Beg. Of year amount: 0. End of year amount: 1,821.”

Raw XML Appendix159 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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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.
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ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$321,806
Liabilities
$8,805
Net assets
$313,001
Revenue
$117,613
Expenses
$2,579
Net income
$115,034
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