Nonprofit · EIN 72-1483958
PARKING FACILITIES CORPORATION
Tax-exempt · NEW ORLEANS, LA 70115
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $21,773,991 | $23,512,674 | -$1,738,683 | $96,313,333 | $117,830,479 | -$21,517,146 |
| December 31, 2023 | 990 | $20,597,472 | $21,994,051 | -$1,396,579 | $98,519,795 | $118,298,258 | -$19,778,463 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $21,131,204
- Investment income
- $642,787
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $5,279,487
- Depreciation
- $3,195,116
- Program services (functional)
- $23,512,674
Balance sheet and other
- Total assets, start of year
- $98,519,795
- Total assets, end of year
- $96,313,333
- Total liabilities, end of year
- $117,830,479
- Net assets, end of year
- -$21,517,146
- Land, buildings and equipment
- $81,056,448
- Net assets without donor restrictions
- -$21,517,146
- Gross receipts
- $21,773,991
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2000
- 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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEVIN FERGUSON | PRESIDENT Trustee or director, Officer | 1 | $0 |
| ARKEBIA MATTHEWS JOHNSON | TREASURER Trustee or director, Officer | 1 | $0 |
| HOLLY SHARP | SECRETARY Trustee or director, Officer | 1 | $0 |
| LISA ALEXIS | BOARD MEMBER Trustee or director | 1 | $0 |
| TRACIE BOUTTE | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEVIN FERGUSON | PRESIDENT Trustee or director, Officer | 1 | $0 |
| MARK ROMIG | PAST PRESIDENT (THRU 01/23/2023) Trustee or director | 1 | $0 |
| ARKEBIA MATTHEWS JOHNSON | TREASURER Trustee or director, Officer | 1 | $0 |
| HOLLY SHARP | SECRETARY Trustee or director, Officer | 1 | $0 |
| LISA ALEXIS | BOARD MEMBER Trustee or director | 1 | $0 |
| TRACIE BOUTTE | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1019 CONSTANTINOPLE ST, NEW ORLEANS, LA 70115-2746
- In care of
- % STACI ROSENBERG
- Principal officer (990 for 2024)
- KEVIN FERGUSON, 1019 CONSTANTINOPLE ST, NEW ORLEANS, LA 70115
- Signed the 990
- PETER BROOKS, BUSINESS MANAGER
- Phone
- (504) 620-5400
- Return prepared by
- EAG GULF COAST LLC
Mission
THE SPECIFIC AND PRIMARY PURPOSE FOR WHICH THIS CORPORATION WAS FORMED IS TO DESIGN, FINANCE, CONSTRUCT, EQUIP, MAINTAIN, AND OPERATE, OR CAUSE TO BE MAINTAINED AND OPERATED, ONE OR MORE PARKING GARAGE FACILITIES AT THE AIRPORT TO BE USED BY THE TRAVELING PUBLIC AT THE LOUIS ARMSTRONG INTERNATIONAL AIRPORT AND BY THE EMPLOYEES OF THE NEW ORLEANS AVIATION BOARD.
Program accomplishments
- THE CORPORATION HAS INCURRED EXPENSES IN THE OPERATION OF THE PARKING GARAGE FACILITY USED BY THE TRAVELING PUBLIC AT THE LOUIS ARMSTRONG INTERNATIONAL AIRPORT AND BY THE EMPLOYEES, VENDORS AND CONCESSIONAIRES OF THE NEW ORLEANS AVIATION BOARD.Expenses $23,512,674 · revenue $21,131,204
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 72-1483958
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2001
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S11)
- Assets (IRS master file)
- $96,313,333
- Income (IRS master file)
- $21,773,991
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $21,773,991 | $23,512,674 | $96,313,333 | XML |
| 990 | December 2023 | $20,597,472 | $21,994,051 | $98,519,795 | XML |
| 990 | December 2022 | $19,234,934 | $22,442,471 | $103,165,713 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 72-1483958).
Questions about PARKING FACILITIES CORPORATION
- What is the EIN of PARKING FACILITIES CORPORATION?
- The employer identification number (EIN) of PARKING FACILITIES CORPORATION is 72-1483958.
- Is PARKING FACILITIES CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to PARKING FACILITIES CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does PARKING FACILITIES CORPORATION 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 PARKING FACILITIES CORPORATION 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 PARKING FACILITIES CORPORATION 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 PARKING FACILITIES CORPORATION?
- The 990 for the year ended December 31, 2024 names KEVIN FERGUSON.
- Who are the officers and directors of PARKING FACILITIES CORPORATION?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does PARKING FACILITIES CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $21,773,991, expenses of $23,512,674 and total assets of $96,313,333 at year end.
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All nonprofits in NEW ORLEANS · Louisiana · Community improvement and capacity building