Civic Intelligence

Trahan Foundation

990 • Fiscal year 2022 • EIN 87-3997915

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 14, 2023

701 Poydras Street STE 150PNew Orleans, LA 70139

(225) 924-3031

Siviq Scores

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

Liabilities / Assets

8th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

8th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

99th percentile

99%

Higher net margin than 99% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

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

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Assets

$5,383,615

No earlier filing loaded for comparison.

Net Assets

$5,383,615

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$6,179,109

No earlier filing loaded for comparison.

Expenses

$34,435

No earlier filing loaded for comparison.

Net Income

$6,144,674

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2022: $5,383,615Liabilities 2022: $0Net Assets 2022: $5,383,6152022Assets 2023: $6,013,845Liabilities 2023: $0Net Assets 2023: $6,013,8452023Assets 2024: $6,496,197Liabilities 2024: $8,913Net Assets 2024: $6,487,2842024

Highlighted filing

2022

Assets$5,383,615
Liabilities$0
Net Assets$5,383,615

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2022: $6,179,109Expenses 2022: $34,435Net Income 2022: $6,144,6742022Revenue 2023: $79,265Expenses 2023: $168,173Net Income 2023: -$88,9082023Revenue 2024: $257,219Expenses 2024: $202,772Net Income 2024: $54,4472024

Highlighted filing

2022

Revenue$6,179,109
Expenses$34,435
Net Income$6,144,674
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$6,179,109
Mission and Program Overview

Mission

See schedule

Trahan Foundation will manage historical properties and approve educational and cultural programming on those properties.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds-$5,383,615-
Investments Other Securities-$5,383,515-
Cash and Non-Interest-Bearing Accounts-$100-
Total Assets$0$5,383,615▲ $5,383,615
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$5,383,615▲ $5,383,615
Total Liabilities and Net Assets / Fund Balance$0$5,383,615▲ $5,383,615

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$5,383,515--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Patricia ThomasOfficer
Victor Trahan IIIOfficer
Revenue and Support

Revenue Composition

Contributions and Grants
$6,000,000
Program Service Revenue
$0
Investment Income
$179,109
Other Revenue
$0
All Other Contributions
$6,000,000
Change in Net Assets
$6,144,674
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$34,435
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal-$34,435-$34,435
Total Functional Expenses$0$34,435$0$34,435
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Trahan Foundation
EIN
87-3997915
Address
701 Poydras Street STE 150P, New Orleans, LA 70139

Signing Officer

Name
Victor Trahan III
Title
Director
Signed
2023-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Victor Trahan III
Formed
2022
Legal Domicile
La
Voting Board Members
2
Independent Board Members
0
Employees
0

Preparer

Firm
Peter P Barrios APAC
Address
2251 Drusilla Lane Ste B, Baton Rouge, LA 70809
Preparer
Peter P Barrios
Phone
2259243031
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line Line 1

Trahan Foundation will manage historical, cultural, and ecologically significant properties and coordinate with third parties to approve educational and cultural programming on those properties.

Raw XML Appendix258 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/FormationYr02022
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IRS990/GrantsToIndividualsInd0false
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IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0176625
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IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt05383515
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ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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