Civic Intelligence

Michalopoulos Foundation

990EZ • Fiscal year 2022 • EIN 47-4003793

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 25, 2023

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

71st percentile

0.03x

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

2022 filings • 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.

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

Net Margin

93rd percentile

66%

Higher net margin than 93% of similar nonprofits.

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

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

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

Asset Growth

52nd percentile

2.4%

Faster asset growth than 52% of similar nonprofits.

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

Revenue Growth

41st percentile

0.0%

Faster revenue growth than 41% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets71st percentile

Assets

Up

$333,539

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

Net Assets

Up

$324,340

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

Liabilities

Down

$9,199

Down $195 (-2.1%) from 2021

Revenue And Expenses
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

Historical Trend

Balance Sheet Trend

Asset Growth52nd 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

2022

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

Operations Trend

Revenue Growth41st 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

2022

Revenue$12,000
Expenses$4,089
Net Income$7,911
Open 2022 Filing
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 Pay78th 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/TitleTxt1PRESIDENT
IRS990EZ/OperateHospitalInd00
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IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt02354
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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/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt04089
IRS990EZ/TotalRevenueAmt012000
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
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IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0JAMES MICHALOPOULOS
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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/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES MICHALOPOULOS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05049096469
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-10-25
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ReturnHeader/Filer/PhoneNum05049096469
ReturnHeader/Filer/USAddress/AddressLine1Txt0527 ELYSIAN FIELDS AVE
ReturnHeader/Filer/USAddress/CityNm0NEW ORLEANS
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0720870824
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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

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed 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