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Nonprofit · EIN 72-1177207

GREATER NEW ORLEANS DEVELOPMENT FOUNDATION

Tax-exempt · NEW ORLEANS, LA 70163

Financials

$5.5M$5.4M2023$7.2M$6.5M2024
Revenue Expenses · by fiscal year end
Financials of GREATER NEW ORLEANS DEVELOPMENT FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$7,212,232$6,487,890$724,342$3,970,691$1,025,200$2,945,491
December 31, 2023990$5,465,248$5,403,500$61,748$3,571,319$1,431,529$2,139,790
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$6,831,690
of which government grants
$4,334,989
Program service revenue
$325,659
Investment income
$54,883
Other revenue
$0

Expenses

Grants and similar amounts paid
$2,802,617
Other salaries and wages
$1,001,330
Salaries, compensation and benefits (total)
$1,169,460
Professional fundraising fees
$0
Accounting fees
$3,250
Travel
$138,985
Program services (functional)
$6,032,661
Management and general (functional)
$455,229

Balance sheet and other

Total assets, start of year
$3,571,319
Total assets, end of year
$3,970,691
Total liabilities, end of year
$1,025,200
Net assets, end of year
$2,945,491
Publicly traded securities
$1,127,428
Net assets without donor restrictions
$1,803,094
Net assets with donor restrictions
$1,142,397
Gross receipts
$7,212,232
Employees
14
Volunteers
7
Year formed
1913
State of legal domicile
LA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
MICHAEL HECHTPRESIDENT & CEO
Officer
1$0$851,213$45,584
JOSHUA TATUMVICE PRESIDENT OF BUSINESS
Highest-paid employee
40$137,617$0$14,450
LACY MCMANUSEXECUTIVE DIRECTOR OF FUTU
Highest-paid employee
40$123,686$0$19,315
BRANDON WILLIAMSDIRECTOR OF FINANCE AND AD
Highest-paid employee
40$105,079$0$11,378
RICHARD F CORTIZASBOARD CHAIR
Trustee or director, Officer
1$0$0$0
JULIE STOKESSECRETARY & TREASURER
Trustee or director, Officer
1$0$0$0
DALE BENOITMEMBER
Trustee or director
1$0$0$0
WAYNE CONNERMEMBER
Trustee or director
1$0$0$0
TARA CARTER HERNANDEZMEMBER
Trustee or director
1$0$0$0
MARINA MANZANARESMEMBER
Trustee or director
1$0$0$0
GUY WILLIAMSMEMBER
Trustee or director
1$0$0$0
990 for the year ended December 31, 2023: 13 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
MICHAEL HECHTPRESIDENT & CEO
Officer
40$0$778,194$41,648
LACY MCMANUSEXECUTIVE DIRECTOR OF FUTURE ENERGY
Highest-paid employee
40$182,137$0$25,489
JOSHUA TATUMVICE PRESIDENT OF BUSINESS GROWTH & RETENTION
Highest-paid employee
40$121,427$0$12,143
BRANDON WILLIAMSDIRECTOR OF FINANCE AND ADMINISTRATION
Highest-paid employee
40$102,696$0$10,701
HARRISON CRABTREEDIRECTOR, WORLD TRADE CENTER OF NEW ORLEANS
Highest-paid employee
40$103,879$0$9,038
RICHARD CORTIZASBOARD CHAIR
Trustee or director, Officer
1$0$0$0
SUSAN BONNETT BOURGEOISBOARD CHAIR-ELECT
Trustee or director, Officer
1$0$0$0
JULIE STOKESSECRETARY & TREASURER
Trustee or director, Officer
1$0$0$0
DALE BENOITMEMBER
Trustee or director
1$0$0$0
WAYNE CONNERMEMBER
Trustee or director
1$0$0$0
TARA HERNANDEZMEMBER
Trustee or director
1$0$0$0
MARINA MANZANARESMEMBER
Trustee or director
1$0$0$0
GUY WILLIAMSMEMBER
Trustee or director
1$0$0$0

Address and contacts

Address (IRS master file)
1100 POYDRAS ST STE 3475, NEW ORLEANS, LA 70163-3404
In care of
% MR MACK MATHEWS
Principal officer (990 for 2024)
MICHAEL HECHT, 1100 POYDRAS STREET 3475, NEW ORLEANS, LA 70163
Signed the 990
MICHAEL HECHT, PRESIDENT & CEO
Phone
(504) 527-6900
Return prepared by
WEGMANN DAZET APC

Mission

TO FOSTER REGIONAL ECONOMIC DEVELOPMENT AND CREATE QUALITY JOBS WITHIN THE METROPOLITAN NEW ORLEANS AREA.

990 for the year ended December 31, 2024

Program accomplishments

  • 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.
    Expenses $6,032,661 · grants $2,802,617 · revenue $325,659

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
72-1177207
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1991
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$3,970,691
Income (IRS master file)
$7,212,232

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$7,212,232$6,487,890$3,970,691IRS
990December 2023$5,465,248$5,403,500$3,571,319XML
990December 2022$2,831,617$3,117,822$2,647,279IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 72-1177207).

Questions about GREATER NEW ORLEANS DEVELOPMENT FOUNDATION

What is the EIN of GREATER NEW ORLEANS DEVELOPMENT FOUNDATION?
The employer identification number (EIN) of GREATER NEW ORLEANS DEVELOPMENT FOUNDATION is 72-1177207.
Is GREATER NEW ORLEANS DEVELOPMENT FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
Are donations to GREATER NEW ORLEANS DEVELOPMENT FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does GREATER NEW ORLEANS DEVELOPMENT FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of GREATER NEW ORLEANS DEVELOPMENT FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did GREATER NEW ORLEANS DEVELOPMENT FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of GREATER NEW ORLEANS DEVELOPMENT FOUNDATION?
The 990 for the year ended December 31, 2024 names MICHAEL HECHT.
Who are the officers and directors of GREATER NEW ORLEANS DEVELOPMENT FOUNDATION?
The 990 for the year ended December 31, 2024 lists 11 people; 3 received compensation from the organization.
How much revenue does GREATER NEW ORLEANS DEVELOPMENT FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $7,212,232, expenses of $6,487,890 and total assets of $3,970,691 at year end.

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