2022-11-14T09:27:22-06:00 2021-12-31 720870824 WEGMANN DAZET APC 111 VETERANS BLVD SUITE 800 METAIRIE LA 70005 990 2021-01-01 721177207 GREATER NEW ORLEANS DEVELOPMENT FOUNDATION GREA 5045276900 1100 POYDRAS STREET 3475 NEW ORLEANS LA 70163 MICHAEL HECHT PRESIDENT & CEO 5045276900 2022-10-28 1 MICHAEL HECHT XXX-XX-XXXX JONATHAN P KOENIG P91752990 5048378844 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z MICHAEL HECHT 1100 POYDRAS STREET 3475 NEW ORLEANS LA 70163 2426633 0 X WWW.GNOINC.ORG X 1913 LA TO FOSTER REGIONAL ECONOMIC DEVELOPMENT AND CREATE QUALITY JOBS WITHIN THE METROPOLITAN NEW ORLEANS AREA. 14 13 12 14 0 0 1962003 2151927 153057 214415 7066 60291 0 0 2122126 2426633 111200 56500 0 0 506231 482591 0 0 0 1208539 1756492 1825970 2295583 296156 131050 2735632 2887646 502435 523399 2233197 2364247 TO FOSTER REGIONAL ECONOMIC DEVELOPMENT AND CREATE QUALITY JOBS WITHIN THE METROPOLITAN NEW ORLEANS AREA. 0 0 2095449 56500 214415 THE FOUNDATION ACTS AS A CATALYST FOR ECONOMIC GROWTH AND THE ENHANCEMENT OF QUALITY OF LIFE IN THE TEN PARISHES OF SOUTHEAST LOUISIANA. THE FOUNDATION HAS COLLABORATED WITH ITS DEVELOPMENT ALLIES THROUGHOUT THE REGION TO HELP PROVIDE AN ADEQUATE BASE OF NEW EMPLOYMENT THROUGH JOB INITIATIVES, TO IMPROVE THE QUALITY AND QUANTITY OF EMPLOYMENT THROUGH WORKFORCE DEVELOPMENT AND TO FOSTER ECONOMIC PLANNING AND DEVELOPMENT THROUGH PUBLIC AWARENESS AND COMMUNICATIONS. 2095449 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 12 0 1 12 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 LA X JEFF TEAGUE 5045276900 1100 POYDRAS STREET SUITE 3475 NEW ORLEANS LA 70163 DALE BENOIT MEMBER 1.00 X 0 0 0 PATRICIA LEBLANC MEMBER 1.00 X 0 0 0 WILLIAM HOFFMAN MEMBER 1.00 X 0 0 0 ELAINE GARVEY SECRETARY & TREASURER 1.00 X X 0 0 0 JAMES MOFFETT MEMBER 1.00 X 0 0 0 GAY LE BRETON CHAIRWOMAN ELECT 1.00 X X 0 0 0 GUY WILLIAMS CHAIRMAN 1.00 X X 0 0 0 PHILIP GUNN MEMBER 1.00 X 0 0 0 TOMMY FAUCHEUX MEMBER 1.00 X 0 0 0 BRYAN HODNETT MEMBER 1.00 X 0 0 0 PAUL MATTHEWS MEMBER 1.00 X 0 0 0 TARA HERNANDEZ MEMBER 1.00 X 0 0 0 MAURA DONAHUE MEMBER 1.00 X 0 0 0 MICHAEL HECHT PRESIDENT & CEO 40.00 X 0 702914 36327 0 702914 36327 0 0 1 0 0 434278 1717649 19035 2151927 MANAGEMENT FEES 561499 214415 214415 214415 2881 2881 57410 0 57410 57410 57410 2426633 214415 0 60291 32500 32500 24000 24000 419093 419093 9187 9187 24379 24379 29932 29932 1310459 1080136 230323 163 163 2900 2900 164995 158616 6379 6000 6000 7405 4145 3260 68885 68885 7088 5385 1703 17366 17366 DEVELOPMENT 96150 79900 16250 BAD DEBT EXPENSE 42000 42000 DUES & SUBSCRIPTIONS 20393 15209 5184 PARKING 12530 12530 158 603144 -602986 2295583 2095449 200134 0 571598 600431 1921105 573418 242929 656387 1057410 2735632 2887646 355007 513899 147428 9500 502435 523399 X 1836939 1939765 396258 424482 2233197 2364247 2735632 2887646 131050 0 X X 0 1 X 1 0 X 1491868 1616834 1474966 1962003 2151927 8697598 1491868 1616834 1474966 1962003 2151927 8697598 3012066 5685532 7961 14127 6648 7066 60291 96093 750 750 8794441 975279 0.64650 0.60240 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X PART X, LINE 2: GREATER NEW ORLEANS DEVELOPMENT FOUNDATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION ADOPTED THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD ACCOUNTING STANDARDS CODIFICATION (FASB ASC) 740, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT OF GREATER NEW ORLEANS DEVELOPMENT FOUNDATION BELIEVE THERE IS NO MATERIAL UNCERTAIN TAX POSITION AND, ACCORDINGLY IT WILL NOT RECOGNIZE ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. WITH FEW EXCEPTIONS, GREATER NEW ORLEANS DEVELOPMENT FOUNDATION IS NOT SUBJECT TO UNITED STATES FEDERAL OR LOUISIANA STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES BEYOND THREE YEARS FROM THE FILING OF THOSE RETURNS. 1 CORPORATE INTERNSHIP LEADERSHIP INSTITUTE TENTH INSTITUTE INTERNSHIP PROGRAM 3157 GENTILLY BLVD SUITE 2184 NEW ORLEANS LA 70122 842556965 501(C)(3) 10000 0 ROSAMARY FOUNDATION SUBGRANT AWARD FOR CORPORATE INTERNSHIP LEADERSHIP INSTITUTE (CILI). CILI IS DEDICATED TO CULTIVATING EXCELLENCE IN ALL STUDENTS ENROLLED IN 4-YEAR OR GRADUATE PROGRAMS BY CONNECTING THEM TO PAID INTERNSHIPS WHICH PROVIDES A QUALIFIED EXPERIENCE EXCHANGE WITH SKILL-BUILDING AND COMPETENCY DEVELOPMENT ROOTED IN THE FUTURE SUCCESS OF THE NEW ORLEANS REGION AND LOUISIANA TO TRANSFORM AND FACILITATE ECONOMIC GROWTH BY AND FOR ITS OWN PEOPLE. LOWER 9TH WARD CSED PO BOX 770407 NEW ORLEANS LA 70177 270185863 501(C)(3) 10000 0 PROGRAM FUNDING TO SUPPORT CSED'S COASTAL RESTORATION SUMMER WORKSHOPS IN LOWER 9TH WARD PROPELLER A FORCE FOR SOCIAL INNOVATION 2021 LAKESHORE DRIVE SUITE 500B NEW ORLEANS LA 70122 263223585 501(C)(3) 12500 0 USDA GNO FOOD AND BEVERAGE ENTREPRENEUR ECOSYSTEM GRANT - 1ST INSTALLMENT 3 FELLOWSHIP AWARD THAT FOCUSES ON THE GROWTH OF THE INDIVIDUAL AS A LEADER AND TO ASSIST IN THEIR PERSONAL ENTREPRENEURIAL JOURNEY TO PROVIDE A POSITIVE IMPACT ON NEW ORLEANS. 6 24000 X X X 0 1 0 0 0 0 0 0 1 1 MICHAEL HECHT PRESIDENT & CEO 0 513224 0 180000 0 9690 0 8700 0 27627 0 739241 0 0 PART I, LINE 8 THE CEO AND PRESIDENT OF THE ORGANIZATION, MICHAEL HECHT, HAS AN EMPLOYMENT CONTRACT WITH THE RELATED ORGANIZATION, GREATER NEW ORLEANS, INC. HIS BASE SALARY WAS APPROVED IN ADVANCE BY THE ORGANIZATION'S GOVERNING BODY THAT IS COMPOSED OF PERSONS WHO DO NOT HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE ARRANGEMENT. THE GOVERNING BODY RELIED ON APPROPRIATE COMPARABLE DATA WHEN APPROVING THE COMPENSATION AND THE GOVERNING BODY ADEQUATELY DOCUMENTED ITS ACTIONS AT THE TIME. IN ADDITION, THE CONTRACT PROVIDES THAT HE HAS THE OPPORTUNITY FOR A BONUS AT THE DISCRETION OF THE BOARD OF DIRECTORS. WHEN DETERMINING THE AMOUNT OF THE BONUS, THE BOARD OF DIRECTORS TAKES INTO ACCOUNT HIS ACCOMPLISHMENTS THROUGHOUT THE YEAR AND RELIES ON APPROPRIATE COMPARABLE DATA. THE BOARD OF DIRECTORS IS COMPOSED OF PERSONS WHO DO NOT HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE ARRANGEMENT AND THEY ADEQUATELY DOCUMENT THEIR ACTIONS AT THE TIME. FORM 990, PART VI, SECTION B, LINE 11B AN INDEPENDENT CPA PREPARES THE FORM 990 AND REVIEWS IT WITH THE SENIOR VICE-PRESIDENT OF FINANCE AND ADMINISTRATION. THE SENIOR VICE-PRESIDENT OF FINANCE AND ADMINISTRATION REVIEWS FORM 990 WITH MANAGEMENT AND THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR THE ORGANIZATION REMINDS OFFICERS AND DIRECTORS TO REVIEW THE CONFLICT OF INTEREST POLICY AND REPORT ANY CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION INCREASES ARE BASED ON ANNUAL PERFORMANCE REVIEWS. ANY CHANGES IN COMPENSATION ARE APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS USED BY THE COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE AUDIT OF ITS FINANCIAL STATEMENTS HAS NOT CHANGED SINCE THE PRIOR YEAR. GREATER NEW ORLEANS INC 1100 POYDRAS STREET STE 3475 NEW ORLEANS LA 70163 720272090 REGIONAL PUBLIC POLICY ACTIVITIES LA 501(C)(6) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 GREATER NEW ORLEANS INC R 1310460 CASH VALUE GREATER NEW ORLEANS INC S 30482 CASH VALUE PART V, LINE 2(1),(2): MANAGEMENT FEES PAID AND RECEIVED WHICH INCLUDE SHARED EXPENSES FOR FACILITIES, EQUIPMENT, OTHER ASSETS, PAID EMPLOYEES AND REIMBURSED EXPENSES.