2018-11-14T17:48:00-06:00 2017-12-31 720870824 WEGMANN DAZET & COMPANY APC 111 VETERANS BLVD SUITE 800 METAIRIE LA 70005 990 2017-01-01 721177207 GREATER NEW ORLEANS DEVELOPMENT FOUNDATION GREA 5045276900 1100 POYDRAS STREET NO 3475 NEW ORLEANS LA 70163 MICHAEL HECHT PRESIDENT & CEO 5045276900 2018-11-14 1 JONATHAN P KOENIG P91752990 5048378844 107.143.24.88 2018-11-14 17:46:23 CS P BF77BA5A139EEFD5C01C10FE63DAEE88AFC005DB BE4F00930724401CCFA135B6F265C4C795222E32 2017 2019-02-21 02:37:17Z MICHAEL HECHT 1100 POYDRAS STREET NO 3475 NEW ORLEANS LA 70163 1743542 0 X WWW.GNOINC.ORG X 1913 LA TO FOSTER REGIONAL ECONOMIC DEVELOPMENT AND CREATE QUALITY JOBS WITHIN THE METROPOLITAN NEW ORLEANS AREA. 8 8 11 10 0 0 1534009 1491868 197096 243713 1840 7961 0 0 1732945 1743542 0 337083 0 0 512164 430648 0 0 0 1269545 1324910 1781709 2092641 -48764 -349099 2675443 2059780 632911 364420 2042532 1695360 TO FOSTER REGIONAL ECONOMIC DEVELOPMENT AND CREATE QUALITY JOBS WITHIN THE METROPOLITAN NEW ORLEANS AREA. 0 0 1661559 337083 243713 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. 1661559 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 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 9 0 1 11 1 0 0 0 0 0 0 0 0 0 0 X 8 8 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 SUZANNE MESTAYER MEMBER 1.00 X 0 0 0 CHRIS KANE MEMBER 1.00 X 0 0 0 DALE BENOIT MEMBER 1.00 X 0 0 0 DAMON BURNS SECRETARY & TREASURER 1.00 X X 0 0 0 PATRICIA LEBLANC MEMBER 1.00 X 0 0 0 WILLIAM HOFFMAN MEMBER 1.00 X 0 0 0 MAURA DONAHUE CHAIRWOMAN 1.00 X X 0 0 0 ELAINE GARVEY SECRETARY & TREASURER 1.00 X X 0 0 0 JAMES MOFFETT MEMBER 1.00 X 0 0 0 TARA HERNANDEZ CHAIRWOMAN ELECT 1.00 X X 0 0 0 MICHAEL HECHT PRESIDENT & CEO 40.00 X 0 635158 27358 0 635158 27358 0 0 1 0 0 74083 1417785 1491868 SPONSORSHIP INCOME 561499 104755 104755 NORLI 561499 102864 102864 MANAGEMENT FEES 561499 36094 36094 243713 7961 7961 1743542 243713 0 7961 337083 337083 392174 392174 10780 10780 27694 27694 1052531 702372 350159 2750 2750 79056 79056 18981 18981 18481 15220 3261 3285 3285 39811 39811 46119 46119 26785 210 26575 DUES & SUBSCRIPTIONS 16886 16841 45 PARKING 12633 12633 PAYROLL PROCESSING 5766 5766 AWARDS 1826 1826 400755 -400755 2092641 1661559 431082 0 673303 441489 1838115 1525324 164025 92967 2675443 2059780 607911 359420 25000 5000 632911 364420 X 820064 1018581 1222468 676779 2042532 1695360 2675443 2059780 -349099 1927 0 X X 0 1 X 1 0 X 2269788 2115492 2577906 1534009 1491868 9989063 2269788 2115492 2577906 1534009 1491868 9989063 4149104 5839959 2250 1752 812 1840 7961 14615 10003678 1272074 0.58380 0.64580 X 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 NEW ORLEANS REGIONAL LEADERSHIP INSTITUTE 1100 POYDRAS STREET SUITE 3475 NEW ORLEANS LA 70163 821961154 501(C)3 279000 PROVIDE SUPPORT FOR NORLI LEADERSHIP AND ALUMNI PROGRAMMING NOLA BUSINESS ALLIANCE 935 GRAVIER STREET SUITE 2020 NEW ORLEANS LA 70112 273654312 501(C)3 33083 PROVIDE SUPPORT FOR 504WARD NEW FRONTIER INNOVATION INC 1783 COLISEUM STREET K NEW ORLEANS LA 70130 814882161 10000 2017 FRONTIER CONFERENCE SUPPORT NEW ORLEANS TECHNICAL EDUCATION PROVIDER 130 TUDOR AVENUE NEW ORLEANS LA 70123 812266071 15000 SUPPORT FOR TWENTY-FOUR STUDENTS FOR YOUTH FORCE NOLA PARTNER SCHOOLS IN THE SKILLED CRAFTS PILOT. 2 2 X X X 0 0 0 0 0 0 0 0 1 1 MICHAEL HECHT PRESIDENT & CEO 0 488208 0 137500 0 9450 0 8100 0 19258 0 662516 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 CONTROLLER. THE CONTROLLER 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 1052031 CASH VALUE GREATER NEW ORLEANS INC S 36094 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.