2024-12-19T14:47:26-06:00 2023-12-31 721088864 LAPORTE APAC 111 VETERANS MEMORIAL BLVD 600 METAIRIE LA 700054958 990 2023-01-01 720540607 NEW ORLEANS AND COMPANY NEWO 5045665011 2020 ST CHARLES AVENUE NEW ORLEANS LA 70130 WALTER J LEGER III OFFICER 5045665011 2024-12-12 1 0 JOHN S WILES CPA P01222673 5048355522 2023 2024-10-15 13:58:12Z WALTER J LEGER III 2020 ST CHARLES AVENUE NEW ORLEANS LA 70130 59045235 0 X WWW.NEWORLEANS.COM X 1960 LA DEVELOPING AND MARKETING THE NEW ORLEANS REGION AS THE PREMIER CONVENTION AND VISITOR DESTINATION. 29 29 196 0 0 0 13573643 16626166 38533895 36815781 660782 1637698 0 322664 52768320 55402309 300000 500000 0 0 10985208 12408346 0 0 0 27235070 29827284 38520278 42735630 14248042 12666679 103174957 114964248 34380954 30916439 68794003 84047809 X THE MISSION OF NEW ORLEANS & COMPANY IS TO INSPIRE, PROMOTE AND ENCOURAGE TRAVEL TO OUR CITY FOR THE ECONOMIC, SOCIAL AND COMMUNITY BENEFIT OF NEW ORLEANS AND ITS PEOPLE. THROUGH MARKETING, PUBLIC RELATIONS, DIRECT SALES TO LEISURE TRAVELERS, FOREIGN AND DOMESTIC, AND THROUGH GROUP SALES OF CONFERENCES, CONVENTIONS, MEETINGS AND BUSINESS EVENTS, WE SEEK TO GENERATE REVENUE FOR BUSINESSES AND FOR LOCAL AND STATE GOVERNMENT TO SUPPORT AND SUSTAIN JOBS AND TO HELP ADDRESS CHALLENGES TO HIGH QUALITY OF LIFE BY BUILDING A STRONGER COMMUNITY IN WHICH TO LIVE, WORK AND BE EDUCATED.NEW ORLEANS & COMPANY'S CORE SERVICES ARE TO ENSURE ADEQUATE VISITATION TO SUPPORT RESTAURANTS, RETAIL ESTABLISHMENTS, ACCOMMODATIONS, CULTURAL ATTRACTIONS AND ALL OTHER BUSINESSES THROUGHOUT THE CITY, REGION AND STATE. NEW ORLEANS & COMPANY ALSO PROVIDES FUNDING TO OTHER ORGANIZATIONS TO SUPPORT THEIR INITIATIVES FOR THE ONGOING AND CONTINUED SAFETY AND QUALITY OF LIFE FOR BOTH RESIDENTS AND VISITORS. 0 0 NEW ORLEANS & COMPANY'S SALES AND SERVICES TEAMS SELL, MARKET, ADVERTISE AND PROMOTE TRAVEL TO NEW ORLEANS AS A DESTINATION TO CONVENE CONFERENCES, CONVENTIONS, CORPORATE MEETINGS AND MAJOR EVENTS. TEAM MEMBERS TRAVEL THROUGHOUT THE UNITED STATES AND BEYOND YEAR-ROUND MEETING WITH PLANNERS AND DECISION MAKERS ACTIVELY BIDDING COMPETITIVELY WITH OTHER DESTINATIONS. NUMEROUS MAJOR EVENTS HOSTED IN NEW ORLEANS AS A RESULT OF THESE EFFORTS INCLUDE NCAA/FINAL FOUR, SUPER BOWL, ESSENCE, MISS UNIVERSE AND SUGAR BOWL ALONG WITH MANY OTHERS. THEY ATTEND NUMEROUS INDUSTRY SHOWS TO SHOWCASE AND PROMOTE NEW ORLEANS AS A DESTINATION AND BRING IN CUSTOMERS FROM ALL OVER THE WORLD TO SCOUT AND SITE HOTELS, RESTAURANTS, VENUES, (CONTINUED ON SCHEDULE O) AND MANY OTHER ORGANIZATIONS WITHIN THE HOSPITALITY INDUSTRY.NEW ORLEANS & COMPANY CONTACTS MANY ASSOCIATIONS AND CORPORATE BUSINESSES TO SOLICIT FACILITIES IN NEW ORLEANS; 1,048 CONVENTIONS AND MEETINGS WERE BOOKED BY NEW ORLEANS & COMPANY IN 2023. THE CONVENTION & SALES TEAM BOOKED A TOTAL OF 1,467,629 ROOM NIGHTS IN 2023. LEISURE TOURISM SALES NEW ORLEANS & COMPANY'S LEISURE SALES TEAM SELL, MARKET, ADVERTISE AND PROMOTE TRAVEL TO NEW ORLEANS AS A DESTINATION FOR GROUP TRAVEL WHICH INCLUDES SALES AND PROMOTION TO TRAVEL AGENTS, MOTORCOACH BUS GROUPS, CLASS, MILITARY AND FAMILY REUNIONS, CHURCH AND YOUTH GROUPS, WEDDINGS, BACHELOR/BACHELORETTE GATHERINGS, GIRLS' WEEKENDS, AND ANY OTHER REASON TO VISIT NEW ORLEANS. THE LEISURE SALES TEAM ALSO WORKS WITH REPRESENTATIVES IN UNITED KINGDOM, GERMANY, FRANCE, INDIA, MEXICO AND OTHER COUNTRIES PERIODICALLY TO PROMOTE NEW ORLEANS AS A DESTINATION FOR INTERNATIONAL VISITORS. PARTNERSHIPS, WHICH INCLUDE MARKETING AND ADVERTISING, ARE ALIGNED WITH BRITISH AIRWAYS TO CONTINUE TO PROMOTE FLIGHTS TO AND FROM NEW ORLEANS ALONG WITH CRUISE LINES TO MAINTAIN SHIPS AT PORT FOR ALL TO SAIL FROM OUR GREAT CITY OF NEW ORLEANS.NEW ORLEANS & COMPANY PROVIDED ASSISTANCE TO 13,806 TRAVEL AGENTS IN 2023 AND BOOKED A TOTAL OF 466,475 ROOM NIGHTS. NEW ORLEANS & COMPANY COMMUNICATIONS & PUBLIC RELATIONS TEAM FOCUSES ON RELATIONSHIP BUILDING WITH JOURNALISTS AND INFLUENCERS, BOTH DOMESTIC AND INTERNATIONAL, ALONG WITH ASSISTING ALL FACETS OF THE MEDIA IN ORDER TO MAINTAIN POSITIVE COVERAGE OF NEW ORLEANS AS A TRAVEL DESTINATION.NEW ORLEANS & COMPANY ASSISTED MEDIA AROUND THE WORLD FOR A TOTAL RESULT OF 1,375 ASSISTED IN 2023. EXTERNAL AFFAIRS & MEMBERSHIPNEW ORLEANS & COMPANY'S MEMBERSHIP CONSISTS OF 1,236 BUSINESSES AND OPENS THE DOORS TO NEW MARKETING IDEAS, NETWORKING, BUSINESS OPPORTUNITIES AND INDUSTRY RESEARCH... AND THAT'S JUST A FEW OF THE BENEFITS AVAILABLE TO OUR MEMBERS. OUR MEMBERS ENCOMPASS ALL FACETS OF INDUSTRY, FROM HOTELS, BED & BREAKFASTS, RESTAURANTS AND NIGHTCLUBS, TOURS AND ATTRACTIONS TO TRANSPORTATION AND BUSINESS SERVICES. MEMBERSHIP CONCENTRATES ON NETWORKING, JOB FAIRS, HEALTH FAIRS, HOSPITALITY TRAINING, SUSTAINABILITY AND MANY OTHER INITIATIVES. (CONTINUED ON SCHEDULE O)NEW ORLEANS & COMPANY'S EXTERNAL AFFAIRS IS FOCUSED ON COMMUNITY RELATIONS SPONSORING AND FUNDING MANY ORGANIZATIONS WITHIN THE HOSPITALITY INDUSTRY SUCH AS FESTIVALS AND OTHERS TO DEVELOP NEW PRODUCT.NEW ORLEANS & COMPANY PRINTS AND DISTRIBUTES BROCHURES AND MAPS WHICH PROVIDE INFORMATION ABOUT THE VARIOUS POINTS OF INTEREST AND EVENTS HAPPENING IN NEW ORLEANS. IN 2023, APPROXIMATELY 246,405 BROCHURES WERE CIRCULATED.LEISURE MARKETINGNEW ORLEANS & COMPANY MARKETS TO CONSUMERS VIA PRINT AND DIGITAL ADVERTISING, TELEVISION, RADIO, BILLBOARDS, WEBSITE, SOCIAL MEDIA AND MANY OTHER AVENUES TO ATTRACT VISITORS TO THE CITY OF NEW ORLEANS. THEIR EFFORTS DRIVE CONSUMERS TO NEW ORLEANS & COMPANY'S WEBSITE ULTIMATELY GENERATING BOOKINGS FROM GUESTS ALL OVER THE WORLD TO VISIT AND STAY IN THE NEW ORLEANS AREA. 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 145 0 1 196 1 1 1 0 0 0 0 0 1 0 X 29 29 0 0 1 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X TAMMIE BOTELER 5045665094 2020 ST CHARLES AVE NEW ORLEANS LA 70130 DAVID BILBE IMMEDIATE PAST PAST CHAIRMAN 1.50 X X 0 0 0 JIM COOK CHAIR 1.50 X X 0 0 0 MICKAL ADLER CHAIR ELECT 1.50 X X 0 0 0 STAN HARRIS PAST CHAIR - EX-OFFICIO 1.50 X X 0 0 0 STEVE PETTUS TREASURER 1.50 X X 0 0 0 DARRYL BERGER SECRETARY 1.50 X X 0 0 0 STEVE CAPUTO ASST. SECRETARY 1.50 X X 0 0 0 BRANDY CHRISTIAN EX OFFICIO 1.50 X 0 0 0 DOUG THORNTON EX OFFICIO 1.50 X 0 0 0 GREGORY RUSOVICH EX OFFICIO 1.50 X 0 0 0 JERRY REYES EX OFFICIO 1.50 X 0 0 0 KEVIN DOLLIOLE EX OFFICIO 1.50 X 0 0 0 RON FORMAN EX OFFICIO 1.50 X 0 0 0 FRANK ZUMBO EX OFFICIO 1.50 X 0 0 0 AL GROOS DIRECTOR 1.50 X 0 0 0 GRETCHEN CHASE DIRECTOR 1.50 X 0 0 0 DAVID PISCOLA DIRECTOR 1.50 X 0 0 0 BONNIE BOYD DIRECTOR 1.50 X 0 0 0 CHARLEE WILLIAMSON DIRECTOR 1.50 X 0 0 0 DAN REAL DIRECTOR 1.50 X 0 0 0 GLEN ARMANTROUT DIRECTOR 1.50 X 0 0 0 HENRY COAXUM DIRECTOR 1.50 X 0 0 0 JILL DIMARCO DIRECTOR 1.50 X 0 0 0 KATY CASBARIAN DIRECTOR 1.50 X 0 0 0 MALI CAROW DIRECTOR 1.50 X 0 0 0 STEPHEN WATSON DIRECTOR 1.50 X 0 0 0 TOD CHAMBERS DIRECTOR 1.50 X 0 0 0 TOM LEONHARD DIRECTOR 1.50 X 0 0 0 MICHELLE GOBERT DIRECTOR 1.50 X 0 0 0 WALTER LEGER III PRESIDENT/CEO 60.00 X 389408 0 60636 JSTEPHEN PERRY FORMER PRESIDENT/CEO 50.00 X 1181873 0 10987 MARK ROMIG SENIOR VP/CHIEF MARKETING OFFICER 50.00 X 404916 0 27734 STEPHANIE TURNER SENIOR VP CONVENTION SALES 50.00 X 332356 0 34588 KIM PRIEZ SENIOR VP OF TOURISM 50.00 X 280576 0 19002 KELLY SCHULZ SENIOR VP COMMUNICATIONS/PR 50.00 X 229611 0 23280 TAMMIE BOTELER VP FINANCE 50.00 X 209812 0 23617 ALICE GLENN EXECUTIVE VICE PRESIDENT 50.00 X 224136 0 24358 SALLEE PAVLOVICH VICE PRESIDENT, NATIONAL ACCOUNTS & TRADESHOW 50.00 X 243233 0 16573 BRIAN WALKER VP INFORMATION SYSTEMS 50.00 X 210014 0 20849 JEREMY COOKER VICE PRESIDENT MARKETING & 50.00 X 192712 0 29241 DONNA GLOVER VP NATIONAL ACCOUNTS & TRA 50.00 X 202867 0 22662 KEVIN FERGUSON VP EXTERNAL AFFAIRS 50.00 X 204373 0 29871 4305887 0 343398 29 0 1 0 DENTSU X LLC 3000 TOWN STR SUITE 2100 SOUTHFIELD MI 48075 ADVERTISING AGENCY 2119797 FRENCH QUARTER MANAGEMENT DISTRICT 334 ROYAL STREET NEW ORLEANS LA 70130 FUNDING/FRENCH QUARTER SECURITY 1250000 IMG UNIVERSE LLC 304 PARK AVE FL NEW YORK NY 10010 HOSTING MISS UNIVERSE PAGEANT 500000 MILES PARTNERSHIP LLC MILES PARTNERSH 6751 PROFESSIONAL PKWY STE 200 SARASOTA FL 34240 PUBLISHER OF NEW ORLEANS VISITORS GUIDE 351347 CVENT INC PO BOX 822699 PHILADELPHIA PA 191822699 ADVERTISING 259449 17 1528505 15097661 16626166 TOURISM SUPPORT ASSESSMENT REVENU 813400 20133150 20133150 STATE OF LA FUNDING 813400 12016323 12016323 SHORT TERM RENTAL TAX 813400 3217779 3217779 HARRAH'S MARKETING FUND 813400 1000000 1000000 STAFFING SERVICES 813400 331986 331986 116543 116543 36815781 1750859 1750859 3529765 3642926 -113161 -113161 -113161 SETTLEMENT PROCEEDS 900099 322664 322664 322664 55402309 36815781 0 1960362 500000 3450284 6410002 198396 1654931 694733 6720 80957 185250 189892 14294149 418937 647775 508326 2762518 2048257 297399 597142 373156 SPONSORSHIPS/PRODUCT DE 2417727 EXTERNAL COMMITMENTS 1644681 CLIENT SERVICE INITIATI 974306 PUBLIC RELATIONS 910542 1469550 42735630 49945924 58843774 6043984 7815610 5303543 4506242 35459 27194 2092745 730154 24870347 5977286 18808185 18893061 19651617 22782759 1200000 1200000 93500 165454 103174957 114964248 3340245 2452491 18559598 18111403 7034246 7036726 5446865 3315819 34380954 30916439 X 59600658 64580208 9193345 19467601 68794003 84047809 103174957 114964248 12666679 2587127 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 1 1528505 185250 16588 201838 241504 -39666 3384130 3384130 20882490 5780622 15101868 501279 152895 348384 102448 43769 58679 18893061 OTHER ACCRUED LIABILITIES 2047020 ESSENCE FESTIVAL CONTRACT OBLIGATION 1103345 LEASE LIABILITY 165454 3315819 X 57989436 2587127 2587127 55402309 0 55402309 42735630 0 42735630 0 42735630 PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PROVIDE ACCOUNTING AND DISCLOSURE GUIDANCE ABOUT POSITIONS TAKEN BY AN ENTITY IN ITS TAX RETURNS THAT MIGHT BE UNCERTAIN. THE COMPANY BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND MANAGEMENT HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. PENALTIES AND INTEREST ASSESSED BY INCOME TAXING AUTHORITIES, IF ANY, WOULD BE INCLUDED IN INCOME TAX EXPENSE. EUROPE (INCLUDING ICELAND & GREENLAND) 3 3 PROGRAM SERVICES 218478 NORTH AMERICA 1 1 PROGRAM SERVICES 68422 4 4 0 0 4 4 286900 0 286900 0 0 0 0 0 0 0 ROOTS OF MUSIC INC 2624 BURGUNDY ST NEW ORLEANS LA 70117 261160255 501(C)(3) 200000 0 GENERAL OPERATIONAL SUPPORT NEW ORLEANS MARDI GRAS INDIAN COUNCIL 2608 LASALLE ST NEW ORLEANS LA 70113 810965550 501(C)(3) 150000 0 GENERAL OPERATIONAL SUPPORT ZULU COMMUNITY SERVICE FOUNDATION 732 N BROAD ST NEW ORLEANS LA 70119 873674141 501(C)(3) 150000 0 GENERAL OPERATIONAL SUPPORT 3 X X X X 1 1 X X X X X X 0 1 0 JSTEPHEN PERRY FORMER PRESIDENT/CEO 120000 0 255967 0 805906 0 7500 0 3487 0 1192860 0 772419 0 WALTER LEGER III PRESIDENT/CEO 274433 0 92475 0 22500 0 39265 0 21371 0 450044 0 0 0 MARK ROMIG SENIOR VP/CHIEF MARKETING OFFICER 323197 0 51719 0 30000 0 13792 0 13942 0 432650 0 0 0 STEPHANIE TURNER SENIOR VP CONVENTION SALES 236106 0 66250 0 30000 0 13217 0 21371 0 366944 0 0 0 KIM PRIEZ SENIOR VP OF TOURISM 191546 0 59030 0 30000 0 10958 0 8044 0 299578 0 0 0 SALLEE PAVLOVICH VICE PRESIDENT, NATIONAL ACCOUNTS & 147912 0 65321 0 30000 0 9018 0 7555 0 259806 0 0 0 KELLY SCHULZ SENIOR VP COMMUNICATIONS/PR 164659 0 46414 0 18538 0 9269 0 14011 0 252891 0 0 0 ALICE GLENN EXECUTIVE VICE PRESIDENT 178944 0 37500 0 7692 0 7692 0 16666 0 248494 0 0 0 KEVIN FERGUSON VP EXTERNAL AFFAIRS 148936 0 40625 0 14812 0 8500 0 21371 0 234244 0 0 0 TAMMIE BOTELER VP FINANCE 146923 0 42516 0 20373 0 8489 0 15128 0 233429 0 0 0 BRIAN WALKER VP INFORMATION SYSTEMS 144998 0 42516 0 22500 0 6838 0 14011 0 230863 0 0 0 DONNA GLOVER VP NATIONAL ACCOUNTS & TRA 118150 0 54717 0 30000 0 7534 0 15128 0 225529 0 0 0 JEREMY COOKER VICE PRESIDENT MARKETING & 138347 0 39411 0 14954 0 7870 0 21371 0 221953 0 0 0 PART I, LINE 3 NEW ORLEANS & COMPANY COMPENSATION COMMITTEE CHARTER THE BOARD OF DIRECTORS SHALL HAVE A COMPENSATION COMMITTEE COMPOSED OF THE CHAIR, WHO SHALL SERVE AS COMMITTEE CHAIR, THE VICE CHAIR, THE TWO IMMEDIATE PAST-CHAIRS. THE COMPENSATION COMMITTEE SHALL HAVE SUCH AUTHORITY AND RESPONSIBILITY TO ESTABLISH THE COMPENSATION OF THE PRESIDENT & CEO AS SHALL BE STATED IN THE COMMITTEE'S CHARTER ADOPTED BY THE BOARD OF DIRECTORS. PURPOSE: THE PURPOSES OF THE COMPENSATION COMMITTEE ARE TO DISCHARGE THE RESPONSIBILITIES OF THE BOARD OF DIRECTORS RELATING TO COMPENSATION OF THE COMPANY'S PRESIDENT & CEO. DUTIES AND RESPONSIBILITES: THE COMPENSATION COMMITTEE IS DIRECTLY RESPONSIBLE FOR ESTABLISHING ANNUAL AND LONG-TERM PERFORMANCE GOALS AND OBJECTIVES FOR THE PRESIDENT & CEO. THE COMPENSATION COMMITTEE SHALL HAVE THE RESPONSIBILTY TO: 1. REVIEW AND APPROVE CORPORATE GOALS AND OBJECTIVES RELEVANT TO CEO COMPENSATION AND EVALUATE THE PERFORMANCE OF THE PRESIDENT & CEO. 2. REVIEW AND SET THE COMPENSATION OF THE PRESIDENT & CEO BASED UPON THE EVALUATION, FOCUSING ON: A. WHETHER THE PRESIDENT & CHIEF EXECUTIVE OFFICER IS APPROPRIATELY COMPENSATED. B. WHETHER HIS COMPENSATION IS REASONABLY RELATED TO PERSONAL AND CORPORATE PERFORMANCE. C. WHETHER SEVERANCE AND POST EMPLOYMENT BENEFITS ARE PROPERLY RELATED TO THE COMPANY'S INTERESTS AND REASONABLE IN AMOUNT. 3. CONSIDER WHETHER THE PRESIDENT & CEO'S COMPENSATION AND BENEFIT PACKAGE IS APPROPRIATE FOR ATTRACTING AND RETAINING A QUALITY EXECUTIVE FOR THE COMPANY, AND MOTIVATING THE PRESIDENT & CHIEF EXECUTIVE OFFICER TO ACHIEVE THE OBJECTIVES OF THE COMPANY. 4. THE COMPENSATION COMMITTEE MAY, IN ITS SOLE DISCRETION, PREPARE OR OBTAIN COMPENSATION STUDIES OR SURVEYS OR EMPLOY A COMPENSATION CONSULTANT TO ASSIST IN THE EVALUATION OF THE COMPENSATION OF THE COMPANY'S PRESIDENT & CHIEF EXECUTIVE OFFICER. THE COMPENSATION COMMITTEE SHALL HAVE THE SOLE AUTHORITY TO APPROVE THE FEES AND OTHER RETENTION TERMS WITH RESPECT TO SUCH A COMPENSATION CONSULTANT. THE COMPENSATION COMMITTEE ALSO HAS THE AUTHORITY, AS NECESSARY AND APPROPRIATE, TO CONSULT WITH OTHER OUTSIDE ADVISORS TO ASSIST IN ITS DUTIES TO THE COMPANY. MEETINGS: THE COMPENSATION COMMITTEE SHALL MEET AT LEAST TWICE EACH YEAR AND AT SUCH OTHER TIMES AS IT DEEMS NECESSARY TO FULFILL ITS RESPONSIBILITES AND SHALL MAKE PERIODIC REPORTS TO THE BOARD OF DIRECTORS, AS APPROPRIATE. PART I, LINE 4B DURING THE YEAR ENDED DECEMBER 31, 2022 NEW ORLEANS & COMPANY OFFERED WALTER J. LEGER III, THE PRESIDENT AND CEO, A PARTICIPATION IN THE EXECUTIVE 457(F) PLAN. THE PLAN PROVIDES FOR EMPLOYER CONTRIBUTIONS UP TO 25% OF PARTICIPANT'S GROSS ANNUAL BONUS RECEIVED. CONTRIBUTIONS FOR THE YEAR ENDED DECEMBER 31, 2023 WERE $23,119. DURING 2023, JAMES PERRY RECIEVE A PAYMENT FROM HIS EXECUTIVE 457(F) PLAN OF $772,419. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION APPROVED AND ADOPTED NEW BYLAWS ON APRIL 11, 2023. THE UPDATED BY-LAWS INCREASED THE NUMBER OF DIRECTORS FROM 19 TO 21 AND THE AMOUNT OF EX-OFFICIO DIRECTORS FROM 7 TO 8. THE NEW BYLAWS UPDATED THE PROCESS FOR REPLACING A BOARD VACANCY. THE NEW PROCESS REQUIRES THE BOARD CHAIR TO NOMINATE A QUALIFED INDIVIDUAL TO FILL THE REMAINING TERM OF THE VACANT BOARD POSITION WITH THE APPROVAL OF THE BOARD OF DIRECTORS BY VOTE OF A MAJORITY TO SERVE THE REMAINDER OF THE TERM OF THE FORMER DIRECTOR. THE NEW BYLAWS INCREASED THE NUMBER OF DIRECTORS ON THE AUDIT AND RISK COMMITTEE FROM 3 TO 5 MEMBERS. FORM 990, PART VI, SECTION A, LINE 6 ELIGIBILITY FOR ADMISSION. ANY NATURAL PERSON, TRUST, LIMITED LIABILITY COMPANY, PARTNERSHIP, CORPORATION, OR OTHER JURIDICAL PERSON IS ELIGIBLE FOR ADMISSION AS A MEMBER OF THE ORGANIZATION. ADMISSION TO MEMBERSHIP. ADMISSION TO MEMBERSHIP SHALL BE BY APPLICATION IN ACCORDANCE WITH PROCEDURES FROM TIME TO TIME APPROVED BY THE BOARD OF DIRECTORS AND UPON PAYMENT OF DUES ASSESSED. THE EXECUTIVE COMMITTEE MAY DENY ADMISSION TO MEMBERSHIP TO ANY APPLICANT THAT THE COMMITTEE REASONABLY BELIEVES TO HAVE INTERESTS THAT, ON THE WHOLE, ARE NOT SUBSTANTIALLY ALIGNED WITH THE INTERESTS OF THE TOURISM, HOSPITALITY, SPECIAL EVENTS, SPORTS, ENTERTAINMENT, AND OTHER RELATED INDUSTRIES IN THE GREATER NEW ORLEANS AREA, INCLUDING BUT NOT LIMITED TO THE PARISHES OF ORLEANS, JEFFERSON, ST. BERNARD, ST. CHARLES, ST. TAMMANY, PLAQUEMINES, OR ST. JOHN THE BAPTIST. CLASSES; DUES AND ASSESSMENTS. THE MEMBERS SHALL BE DIVIDED INTO SUCH CLASSES AND SERIES AS ARE SHOWN ON EXHIBIT A TO THE BYLAWS. THE RIGHTS, PRIVILEGES AND OBLIGATIONS OF MEMBERS SHALL BE IDENTICAL IN ALL RESPECTS OTHER THAN (I) WITH RESPECT TO DUES AND ASSESSMENTS TO WHICH MEMBERS OF THE RESPECTIVE CLASSES AND SERIES ARE LIABLE AS SPECIFIED IN EXHIBIT A OF THE BYLAWS AND (II) WITH RESPECT TO THE MEMBERSHIP BENEFITS ACCORDED BASIC AND ADVANCE MEMBERS (CLASSES I AND II, RESPECTIVELY). THE BOARD OF DIRECTORS SHALL FIX BY RESOLUTION THE AMOUNT, DUE DATES, AND METHODS OF PAYMENT OF THE DUES AND THE ASSESSMENTS TO BE PAID BY THE MEMBERS TO THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A VOTING. EACH MEMBER IN GOOD STANDING IS ENTITLED TO ONE VOTE. THE MEMBERS MUST VOTE BY BALLOT. A MAJORITY OF THE VOTES CAST AT ANY MEETING AT WHICH A QUORUM IS PRESENT SHALL SUFFICE TO CONSTITUTE THE APPROVAL OR OTHER ACTION OF THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B UPON COMPLETION OF THE TAX RETURN BY THE AUDITING FIRM, A DRAFT IS SUBMITTED TO NEW ORLEANS & COMPANY FOR REVIEW. AFTER A THOROUGH REVIEW IS COMPLETED INTERNALLY AND CLEARING OF ALL QUESTIONS AND ANSWERS, THE AUDIT COMMITTEE IS CONVENED. A DRAFT OF THE TAX RETURN IS THEN REVIEWED IN DEPTH WITH THE AUDIT COMMITTEE PRIOR TO BEING FILED. A DRAFT OF THE TAX RETURN IS SENT TO THE FULL BOARD FOR CONCURRENCE ON RECOMMENDATIONS FROM THE AUDIT COMMITTEE AND FOR THEIR APPROVAL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C FORMS SIGNED ANNUALLY; MEMBERS WITH POTENTIAL CONFLICTS ARE NOT ALLOWED TO VOTE ON ISSUES PERTAINING TO THEIR POTENTIALLY CONFLICTED AREA OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 PERIODIC SURVEYS AND COMPARABLE DATA OBTAINED FROM A THIRD PARTY ARE USED TO ESTABLISH COMPENSATION. SEE ALSO SCHEDULE J PART III. FORM 990, PART VI, SECTION C, LINE 19 NEW ORLEANS & COMPANY MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST, AND THEIR FINANCIAL STATEMENTS ARE PUBLIC RECORD AND CAN BE OBTAINED THROUGH THE LOUISIANA LEGISLATIVE AUDITOR. FORM 990, PART XII, LINE 2C: NEITHER THE ORGANIZATION'S AUDIT OVERSIGHT PROCESS NOR ITS AUDITOR SELECTION PROCESS HAS CHANGED DURING THE YEAR.