Civic Intelligence

Material Institute

990 • Fiscal year 2023 • EIN 86-1834083

Jan 01, 2023 to Dec 31, 2023 • Filed on Jan 15, 2025

2120 Port StreetNew Orleans, LA 70117

(225) 248-2122

Siviq Scores

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

Liabilities / Assets

64th percentile

0.07x

Higher debt load relative to assets than 64% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

46th percentile

0.01x

Higher debt load relative to revenue than 46% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

69th percentile

16%

Higher net margin than 69% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2022 to 2023

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2022 to 2023

Assets

Up

$165,126

Up $165,126 from 2022

Net Assets

Up

$153,510

Up $153,510 from 2022

Liabilities

Up

$11,616

Up $11,616 from 2022

Revenue

Up

$971,992

Up $971,992 from 2022

Expenses

Up

$818,482

Up $818,482 from 2022

Net Income

Up

$153,510

Up $153,510 from 2022

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022Assets 2023: $165,126Liabilities 2023: $11,616Net Assets 2023: $153,5102023Assets 2024: $821,228Liabilities 2024: $0Net Assets 2024: $821,2282024

Highlighted filing

2023

Assets$165,126
Liabilities$11,616
Net Assets$153,510

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0Revenue 2021: $0Expenses 2021: $0Net Income 2021: $02021Revenue 2022: $0Expenses 2022: $0Net Income 2022: $02022Revenue 2023: $971,992Expenses 2023: $818,482Net Income 2023: $153,5102023Revenue 2024: $2,771,205Expenses 2024: $2,103,487Net Income 2024: $667,7182024

Highlighted filing

2023

Revenue$971,992
Expenses$818,482
Net Income$153,510
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jan 15, 2025
Return Version
2023v6.0
Gross Receipts
$971,992
Mission and Program Overview

Mission

Organization was formed to support free, creative learning opportunities in the 9th ward of new orleans. The programs run from a central campus on port street. It employs teachers (wherever possible, from the local community) to lead workshops and training sessions in a variety of fields, including gardening, cooking, music recording and production, digital arts, design, fashion and the creative arts.

The material institute is a non-profit arts center in the 9th ward of new orleans that expands access to resources for a new generation of new orleans artists. It is a learning environment where experimentation and collaborative spirit collide to foster community and cultivate fr

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds-$153,510-
Land, Buildings, and Equipment, Net-$145,408-
Cash and Non-Interest-Bearing Accounts-$19,718-
Total Assets$0$165,126▲ $165,126
Liabilities
Grants Payable-$10,000-
Accounts Payable and Accrued Expenses-$1,616-
Total Liabilities$0$11,616▲ $11,616
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$153,510▲ $153,510
Total Liabilities and Net Assets / Fund Balance$0$165,126▲ $165,126

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$20,074--
Other Land Buildings$69,749$13-
Land$25,800--
Equipment$29,785$913-
Compensation and Service Providers

Board Members and Trustees

NameTitle
John NorwoodPresident & Secretary
Beth LambertBoard Member
Patrick KellyBoard Member
Kirsha KaecheleFounder & Board Member
Hugh LambertTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$962,530
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$9,462
All Other Contributions
$962,530
Change in Net Assets
$153,510

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Commercial3$25,800Assessed Value
Total Noncash Contributions3$25,800-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$663,276
Other Expenses$155,191
Grants and Similar Amounts Paid$15
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$496,191$84,289-$580,480
Other Expenses$52,924$2,366-$55,290
Other Employee Benefits$36,224$6,576-$42,800
Payroll Taxes$31,772$8,224-$39,996
Occupancy$27,922--$27,922
Fees for Services Other$20,842--$20,842
Conferences and Meetings$1,487$5,613-$7,100
Insurance$5,549$565-$6,114
Travel$4,337$531-$4,868
Information Technology$2,179$1,493-$3,672
Office Expenses$3,618--$3,618
All Other Expenses$88$920-$1,008
Depreciation Depletion-$926-$926
Advertising-$736-$736
Grants to Domestic Orgs$15--$15
Total Functional Expenses$691,254$127,228$0$818,482
International Activity

International Compliance

Foreign grant records maintained
No
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
East Asia and the PacificFund-raising ActivitiesDonation Received---
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
John Orgon Roofless LLCEmployeeBuilding Leased From EmployeeNo$24,160
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

Hugh lambert and beth lambert are married.

Governing body meeting documentation Part VI line 8A

No board meetings took place in 2023 so no meeting minutes exist. The organization will take minutes at all future board meetings.

Committee meeting documentation Part VI line 8B

No committee meetings took place in 2023 so no meeting minutes exist. The organization will take minutes at all future committee meetings.

Form 990 governing body review Part VI line 11

The board of directors reviews the form 990 prior to filing.

Conflict of interest policy compliance Part VI line 12C

Each director, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person has received, read, and agrees to comply with the conflict of interest policy. The organization periodically reviews its conflict of interest policy.

Governing documents etc available to public Part VI line 19

Documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Material Institute
EIN
86-1834083
Address
2120 PORT STREET, NEW ORLEANS, LA 70117

Signing Officer

Name
Hugh Lambert
Title
Treasurer
Phone
2252482122
Signed
2025-01-15
Discuss with paid preparer
Yes

Organization Details

Formed
2020
Legal Domicile
La
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
93

Preparer

Firm
Corcoran & Bernard CPAs LLC
Address
132 N Telemachus Street, New Orleans, LA 70119
Preparer
Amy Corcoran
Phone
5043721504
Supplemental Narrative

Additional Explanations

General explanation attachment

Exempt purposethe material institute is a non-profit arts center in the 9th ward of new orleans that expands access to resources for a new generation of new orleans artists. It is a learning environment where experimentation and collaborative spirit collide to foster community and cultivate freedom of expression in the fields of music, fashion, and gardening.

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IRS990ScheduleD/BuildingsGrp/BookValueAmt020074
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt020074
IRS990ScheduleD/EquipmentGrp/BookValueAmt029785
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0913
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt030698
IRS990ScheduleD/LandGrp/BookValueAmt025800
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt025800
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt069749
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt013
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt069762
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0145408
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0EAST ASIA AND THE PACIFIC
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0DONATION RECEIVED
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0FUND-RAISING ACTIVITIES
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IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantRecordsMaintainedInd0false
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0JOHN ORGON ROOFLESS LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0EMPLOYEE
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt024160
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0BUILDING LEASED FROM EMPLOYEE
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION PAID RENT AT FAIR MARKET VALUE TO ROOFLESS LLC. ROOFLESS LLC IS OWNED BY JOHN ORGON, AN EMPLOYEE OF THE ORGANIZATION.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0Supplemental Information for Schedule L
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IRS990ScheduleM/RealEstateCommercialGrp/ContributionCnt03
IRS990ScheduleM/RealEstateCommercialGrp/MethodOfDeterminingRevenuesTxt0ASSESSED VALUE
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IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0HUGH LAMBERT AND BETH LAMBERT ARE MARRIED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO BOARD MEETINGS TOOK PLACE IN 2023 SO NO MEETING MINUTES EXIST. THE ORGANIZATION WILL TAKE MINUTES AT ALL FUTURE BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO COMMITTEE MEETINGS TOOK PLACE IN 2023 SO NO MEETING MINUTES EXIST. THE ORGANIZATION WILL TAKE MINUTES AT ALL FUTURE COMMITTEE MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS REVIEWS THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON HAS RECEIVED, READ, AND AGREES TO COMPLY WITH THE CONFLICT OF INTEREST POLICY. THE ORGANIZATION PERIODICALLY REVIEWS ITS CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6EXEMPT PURPOSETHE MATERIAL INSTITUTE IS A NON-PROFIT ARTS CENTER IN THE 9TH WARD OF NEW ORLEANS THAT EXPANDS ACCESS TO RESOURCES FOR A NEW GENERATION OF NEW ORLEANS ARTISTS. IT IS A LEARNING ENVIRONMENT WHERE EXPERIMENTATION AND COLLABORATIVE SPIRIT COLLIDE TO FOSTER COMMUNITY AND CULTIVATE FREEDOM OF EXPRESSION IN THE FIELDS OF MUSIC, FASHION, AND GARDENING.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Governing body meeting documentation Part VI line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Committee meeting documentation Part VI line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6General explanation attachment
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IRS990/SubjectToProxyTaxInd0false
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IRS990/TotalAssetsGrp/EOYAmt0165126
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0962530
IRS990/TotalEmployeeCnt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0691254
IRS990/TotalFunctionalExpensesGrp/TotalAmt0818482
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt011616
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0153510
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0691254
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt09462
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0971992
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt093
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0165126
IRS990/TotReportableCompRltdOrgAmt00
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IRS990/TravelGrp/ProgramServicesAmt04337
IRS990/TravelGrp/TotalAmt04868
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IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt05
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IRS990/WebsiteAddressTxt0WWW.MATERIALINSTITUTE.ORG
IRS990/WhistleblowerPolicyInd0true
IRS990/WrittenPolicyOrProcedureInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0HUGH LAMBERT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02252482122
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-01-15
ReturnHeader/DisasterReliefTxt0HURRICANE FRANCINE IN LOUISIANA SEPTEMBER 2024 IR-2024-236
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MATERIAL INSTITUTE
ReturnHeader/Filer/BusinessNameControlTxt0MATE
ReturnHeader/Filer/EIN0861834083
ReturnHeader/Filer/USAddress/AddressLine1Txt02120 PORT STREET
ReturnHeader/Filer/USAddress/CityNm0NEW ORLEANS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0LA
ReturnHeader/Filer/USAddress/ZIPCd070117
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0821276091
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Corcoran & Bernard CPAs LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0132 N Telemachus Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0New Orleans
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0LA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd070119
ReturnHeader/PreparerPersonGrp/PhoneNum05043721504
ReturnHeader/PreparerPersonGrp/PreparationDt02025-01-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Amy Corcoran
ReturnHeader/ReturnTs02025-01-29T14:12:58-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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