Civic Intelligence

The Woman'S Exchange DBA Hermann-Grima

EIN 72-0408902 • 501(c)3 • New Orleans, LA

Profile

NONE

PO Box 56836New Orleans, LA 70156

www.hgghh.org

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

Higher debt load relative to assets than 17% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

22nd percentile

0.03x

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

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

82nd percentile

32%

Higher net margin than 82% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

37th percentile

$99,742

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 7.0% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

50th percentile

4.1%

Faster asset growth than 50% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

90th percentile

83%

Faster revenue growth than 90% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$8,198,822

Up $321,834 (+4.1%) from 2023

Liabilities

Up

$40,427

Up $16,973 (+72%) from 2023

Net Assets

Up

$8,158,395

Up $304,861 (+3.9%) from 2023

Revenue

Up

$1,420,288

Up $644,896 (+83%) from 2023

Expenses

Up

$961,030

Up $10,394 (+1.1%) from 2023

Net Income

Up

$459,258

Up $634,502 (+362%) from 2023

Trend Graphs

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2010: $6,422,343Liabilities 2010: $29,532Net Assets 2010: $6,392,8112010Assets 2011: $7,146,704Liabilities 2011: $53,547Net Assets 2011: $7,093,1572011Assets 2012: $7,548,883Liabilities 2012: $53,223Net Assets 2012: $7,495,6602012Assets 2013: $8,791,023Liabilities 2013: $58,000Net Assets 2013: $8,733,0232013Assets 2014: $9,176,564Liabilities 2014: $85,447Net Assets 2014: $9,091,1172014Assets 2015: $8,935,284Liabilities 2015: $143,772Net Assets 2015: $8,791,5122015Assets 2016: $8,145,772Liabilities 2016: $47,688Net Assets 2016: $8,098,0842016Assets 2017: $8,248,377Liabilities 2017: $62,964Net Assets 2017: $8,185,4132017Assets 2018: $8,378,965Liabilities 2018: $21,455Net Assets 2018: $8,357,5102018Assets 2019: $8,537,224Liabilities 2019: $22,692Net Assets 2019: $8,514,5322019Assets 2020: $8,357,661Liabilities 2020: $111,507Net Assets 2020: $8,246,1542020Assets 2021: $10,094,476Liabilities 2021: $119,499Net Assets 2021: $9,974,9772021Assets 2022: $8,996,647Liabilities 2022: $37,146Net Assets 2022: $8,959,5012022Assets 2023: $7,876,988Liabilities 2023: $23,454Net Assets 2023: $7,853,5342023Assets 2024: $8,198,822Liabilities 2024: $40,427Net Assets 2024: $8,158,3952024

Highlighted filing

2024

Assets$8,198,822
Liabilities$40,427
Net Assets$8,158,395

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $690,4512010Expenses 2011: $778,4592011Expenses 2012: $756,3182012Revenue 2013: $2,656,180Expenses 2013: $919,561Net Income 2013: $1,736,6192013Revenue 2014: $1,038,575Expenses 2014: $1,078,913Net Income 2014: -$40,3382014Revenue 2015: $986,401Expenses 2015: $950,354Net Income 2015: $36,0472015Revenue 2016: $512,715Expenses 2016: $961,446Net Income 2016: -$448,7312016Revenue 2017: $1,564,252Expenses 2017: $921,601Net Income 2017: $642,6512017Revenue 2018: $788,552Expenses 2018: $861,538Net Income 2018: -$72,9862018Revenue 2019: $545,444Expenses 2019: $835,096Net Income 2019: -$289,6522019Revenue 2020: $502,868Expenses 2020: $888,142Net Income 2020: -$385,2742020Revenue 2021: $1,085,380Expenses 2021: $759,842Net Income 2021: $325,5382021Revenue 2022: $896,418Expenses 2022: $850,297Net Income 2022: $46,1212022Revenue 2023: $775,392Expenses 2023: $950,636Net Income 2023: -$175,2442023Revenue 2024: $1,420,288Expenses 2024: $961,030Net Income 2024: $459,2582024

Highlighted filing

2024

Revenue$1,420,288
Expenses$961,030
Net Income$459,258

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.20$0.04$8.16$1.42$0.96$0.46
2023Detailed filing. Detailed filing data is available for this year.$7.88$0.02$7.85$0.78$0.95$0.18
2022Detailed filing. Detailed filing data is available for this year.$9.00$0.04$8.96$0.90$0.85$0.05
2021Detailed filing. Detailed filing data is available for this year.$10.1$0.12$9.97$1.09$0.76$0.33
2020Detailed filing. Detailed filing data is available for this year.$8.36$0.11$8.25$0.50$0.89$0.39
2019Detailed filing. Detailed filing data is available for this year.$8.54$0.02$8.51$0.55$0.84$0.29
2018Detailed filing. Detailed filing data is available for this year.$8.38$0.02$8.36$0.79$0.86$0.07
2017Detailed filing. Detailed filing data is available for this year.$8.25$0.06$8.19$1.56$0.92$0.64
2016Detailed filing. Detailed filing data is available for this year.$8.15$0.05$8.10$0.51$0.96$0.45
2015Detailed filing. Detailed filing data is available for this year.$8.94$0.14$8.79$0.99$0.95$0.04
2014Detailed filing. Detailed filing data is available for this year.$9.18$0.09$9.09$1.04$1.08$0.04
2013Summary only. Only limited summary data is available for this year.$8.79$0.06$8.73$2.66$0.92$1.74
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.55$0.05$7.50$0.76
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.15$0.05$7.09$0.78
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.42$0.03$6.39$0.69
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$6,710,442
Mission and Program Overview

Mission

To restore, preserve and maintain the hermann-grima and gallier historic houses and to interpret them as places of historical interest; and to educate residents and visitors about life and the history of the city of new orleans.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$6,358,472$6,784,097▲ $425,625
Land, Buildings, and Equipment, Net$900,856$890,898▼ $9,958
Cash and Non-Interest-Bearing Accounts$244,787$306,087▲ $61,300
Savings and Temporary Cash Investments$245,695$115,550▼ $130,145
Pledges and Grants Receivable$94,621$57,119▼ $37,502
Inventories for Sale or Use$32,252$32,258▲ $6
Accounts Receivable$305$12,813▲ $12,508
Total Assets$7,876,988$8,198,822▲ $321,834
Liabilities
Accounts Payable and Accrued Expenses$23,454$40,427▲ $16,973
Total Liabilities$23,454$40,427▲ $16,973
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,865,223$5,206,469▲ $341,246
Net Assets With Donor Restrictions$2,988,311$2,951,926▼ $36,385
Total Net Assets Fund Balance$7,853,534$8,158,395▲ $304,861
Total Liabilities and Net Assets / Fund Balance$7,876,988$8,198,822▲ $321,834

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$744,081$1,907,410$2,651,491
Land$142,594-$142,594
Equipment$2,247$55,452$57,699
Leasehold Improvements$1,976$49,194$51,170
Other Securities$6,784,097--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$6,604,167-▲ $762,422$412,153$6,899,647
2022$6,198,196-▲ $779,837$322,556$6,604,167
2021$7,453,699-▼ $873,307$325,026$6,198,196
2020$5,924,285-▲ $1,881,488$300,000$7,453,699
2019$6,125,201-▲ $243,634$399,588$5,924,285
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tessa JaggerExecutive DirectorFT$92,712$7,030$99,742

Board Members and Trustees

NameTitle
Mary SchmidtPresident
Stacy HeadVice President
Allisyn SwiftBoard Member
Amber BeezleyBoard Member
Amy RobertsonBoard Member
Angel Adams ParhamBoard Member
Anne ReddBoard Member
Carter DawsonBoard Member
Catherine KuuskraaBoard Member
Ginny WirthBoard Member
Harriet RileyBoard Member
Jeanne SwingleBoard Member
Jennie WestBoard Member
Katherine RaymondBoard Member
Lesley SeymourBoard Member
Lori PaigeBoard Member
Margaret Favrot CrossBoard Member
Mary Martin RothBoard Member
Merisa Aranas PasternakBoard Member
Morgan BabstBoard Member
Peggy StaffordBoard Member
Rolanda GainesBoard Member
Sarah Laborde EhrensingBoard Member
Sarah MartzolfBoard Member
Sarah MeckstrothBoard Member
Zella PalmerBoard Member
Shannon BriceAssistant Treasurer
Carol MarkowitzAt-large
Catherine HalesAt-large
Marion Cage MccollamSecretary
Celeste EustisTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$82,440
Program Service Revenue
$230,134
Investment Income
$862,030
Other Revenue
$245,684
All Other Contributions
$74,500
Change in Net Assets
$459,258

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,401,884
Revenue Not Reported on Financial Statements
$18,404
Revenue Not Reported on Form 990
$-57,196
Other Revenue Adjustments
$-36,385
Total Revenue per Audited Statements
$1,344,688
Total Revenue per Form 990
$1,420,288
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$580,093
Other Expenses$380,937
Total Fundraising Expense$107,112
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$283,163$74,955$58,298$416,416
Depreciation Depletion$113,776$5,988-$119,764
Current Officers, Directors, Trustees, and Key Employees$63,044$16,688$12,980$92,712
Payroll Taxes$25,988$6,879$5,350$38,217
Other Employee Benefits$22,268$5,895$4,585$32,748
Insurance$26,057$4,598-$30,655
Office Expenses$14,194$7,097$7,097$28,388
Advertising$21,282-$3,756$25,038
Fees for Services Other-$15,285-$15,285
Occupancy$8,347$2,782$2,782$13,911
Other Expenses$5,523$4,121$12,234$5,523
All Other Expenses$240$60$30$330
Total Functional Expenses$705,827$148,091$107,112$961,030

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,003,442
Expenses per Audited Statements$961,030
Total Expenses per Form 990$961,030
Expenses Not Reported on Form 990$42,412
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$170,690
Fundraising Direct Expenses$42,412
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Historic Houses$117,652$117,652$14,067$103,585
Wine Auction$56,708$53,038$28,345$24,693
Total Events$174,360$170,690$42,412$128,278
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
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

The review of form 990 is scheduled at a monthly board meeting. The board will review and approve form 990 before it is submitted to the internal revenue service. If the form 990 is due before the next scheduled board meeting, then the executive director may approve the 990.

Form 990, Part VI, Section B, Line 12C

The organization has a written ethics policy (conflict of interest), of which board members are aware. Decisions are made either by the vote of the board, by recommendations of sub-committees or by the executive committee. Each board member shall file with the board a statement disclosing his/her personal, business or organizational interests and affiliations, and those persons close to him/her which could be construed as being museum-related. Disclosure statements should be updated periodically or whenever significant changes occur.

Form 990, Part VI, Section B, Line 15

The executive director is chosen by the board members of the organization. The executive director's salary is set by and documented by the board members. The board determines the compensation of the executive director using comparable data and resonable methods. The executive director hires all other employees. The annual budget, which includes a line item for salaries, is approved by the board.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are kept on site and available upon request.

Filing and Contact Details

Filer

Filer Name
THE WOMAN'S EXCHANGE DBA HERMANN-GRIMA
EIN
72-0408902
Phone
5042740743
Address
PO BOX 56836, NEW ORLEANS, LA 70156
Doing Business As
Hermann-grimagallier Historic House

Signing Officer

Name
Susan Maclay
Title
Executive Director
Phone
5042740743
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Susan Maclay
Formed
1881
Legal Domicile
La
Voting Board Members
31
Independent Board Members
31
Employees
26
Volunteers
0

Preparer

Firm
Ericksen Krentel Llp
Address
4227 CANAL STREET, NEW ORLEANS, LA 70119
Preparer
James E Tonglet CPA
Phone
5044867275
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

Hermann-grima + gallier historic houses, managed by the woman's exchange, preserves two 19th-century french quarter homes and, through their architecture, collections, and history, inspires discourse about our collective past and its relevance to our present and future. Visitors, students, and researchers explore such diverse topics as the lives of the houses' owners and enslaved people, free people of color, open-hearth cooking, mourning rituals, and the entrepreneurial pursuits of women.

Form 990, Part XII Line 2C

This process has not changed from year to year.

Financial Statement Notes

PART X, LINE 2:

Twe's evaluation as of june 30, 2024 revealed no tax positions that would have a material impact on the financial statements. The 2021 through 2023 tax years remain subject to examination by the irs. Twe does not believe that any reasonably possible changes will occur within the next twelve months that will have a material impact on the financial statements.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expenses 42,412.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Change in net assets with donor restrictions -36,385.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expenses 42,412.

Raw XML AppendixShowing 400 of 726 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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IRS990/Desc0THE WOMAN'S EXCHANGE ("TWE") IS A NONPROFIT ORGANIZATION WHICH OWNS THE HERMANN- GRIMA AND THE GALLIER HISTORIC HOUSES, NATIONAL HISTORIC LANDMARKS IN NEW ORLEANS, LOUISIANA AND OPERATES THEM AS HISTORICAL MUSEUMS. TWE PRESERVES THESE 19TH-CENTURY FRENCH QUARTER HOMES AND, THROUGH THEIR ARCHITECTURE, COLLECTIONS, AND HISTORY INSPIRES DISCOURSE ABOUT THE COLLECTIVE PAST AND ITS RELEVANCE TO THE PRESENT AND FUTURE.
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd27X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd28X
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IRS990/Form990PartVIISectionAGrp/PersonNm6CAROL MARKOWITZ
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IRS990/Form990PartVIISectionAGrp/PersonNm13CATHERINE KUUSKRAA
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IRS990/Form990PartVIISectionAGrp/PersonNm18ANGEL ADAMS PARHAM
IRS990/Form990PartVIISectionAGrp/PersonNm19MERISA ARANAS PASTERNAK
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IRS990/Form990PartVIISectionAGrp/PersonNm21ANNE REDD
IRS990/Form990PartVIISectionAGrp/PersonNm22HARRIET RILEY
IRS990/Form990PartVIISectionAGrp/PersonNm23AMY ROBERTSON
IRS990/Form990PartVIISectionAGrp/PersonNm24MARY MARTIN ROTH
IRS990/Form990PartVIISectionAGrp/PersonNm25LESLEY SEYMOUR
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IRS990/Form990PartVIISectionAGrp/PersonNm29JENNIE WEST
IRS990/Form990PartVIISectionAGrp/PersonNm30GINNY WIRTH
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4ASSISTANT TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5AT-LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt6AT-LARGE
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IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt21BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt22BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt23BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt24BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt25BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt26BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt27BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt28BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt29BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt30BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt31EXECUTIVE DIRECTOR
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IRS990/FSAuditedInd01
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IRS990/OccupancyGrp/TotalAmt013911
IRS990/OfficeExpensesGrp/FundraisingAmt07097
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt07097

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