Civic Intelligence

Michalopoulos Foundation

990EZ • Fiscal year 2021 • EIN 47-4003793

Jan 01, 2021 to Dec 31, 2021 • Filed on Oct 20, 2022

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

70th percentile

0.03x

Higher debt load relative to assets than 70% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

93rd percentile

0.78x

Higher debt load relative to revenue than 93% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

73rd percentile

29%

Higher net margin than 73% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

44th percentile

1.2%

Faster asset growth than 44% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

5th percentile

-90%

Faster revenue growth than 5% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets70th percentile

Assets

Up

$325,823

Up $4,017 (+1.2%) from 2020

Net Assets

Up

$316,429

Up $3,428 (+1.1%) from 2020

Liabilities

Up

$9,394

Up $589 (+6.7%) from 2020

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin73rd percentile

Revenue

Down

$12,000

Down $105,613 (-90%) from 2020

Expenses

Up

$8,572

Up $5,993 (+232%) from 2020

Net Income

Down

$3,428

Down $111,606 (-97%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth44th 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

2021

Assets$325,823
Liabilities$9,394
Net Assets$316,429
Open 2021 Filing

Operations Trend

Revenue Growth5th 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

2021

Revenue$12,000
Expenses$8,572
Net Income$3,428
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Oct 20, 2022
Return Version
2021v4.2
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 Pay77th 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
2022-10-20
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: 1,281. Description: taxes & licenses. Amount: 1,220. Description: miscellaneous expenses. Amount: 234. Total to form 990-ez, line 16: 2,735.”

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

“Description: due to related parties. Beg. Of year amount: 6,984. End of year amount: 7,399. Description: accounts payable. Beg. Of year amount: 1,821. End of year amount: 1,995.”

Raw XML Appendix158 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1PRESIDENT
IRS990EZ/OperateHospitalInd00
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IRS990EZ/OtherChangesInNetAssetsAmt00
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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.
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IRS990EZ/TanningServicesProvidedInd00
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IRS990EZ/TotalRevenueAmt012000
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IRS990EZ/WebsiteAddressTxt0N/A
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IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0JAMES MICHALOPOULOS
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd00
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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/BusinessOfficerGrp/PersonNm0JAMES MICHALOPOULOS
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ReturnHeader/Filer/PhoneNum05049096469
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ReturnHeader/PreparerPersonGrp/PhoneNum05048378844
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN D WHITE
ReturnHeader/ReturnTs02022-11-15T16:55:07-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JAMES
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MICHALOPOULOS
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$325,823
Liabilities
$9,394
Net assets
$316,429
Revenue
$12,000
Expenses
$8,572
Net income
$3,428
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