EIN 72-1177207

Greater New Orleans Development Foundation

IRS 501(c) type
501(c)(3)
Num. employees
14
Year formed
1913
Most recent tax filings
2023-12-01
Description
The Greater New Orleans Development Foundation fosters regional economic development and creates quality jobs within the Metropolitan New Orleans area. The Foundation catalyzes economic growth and enhances quality of life in the ten parishes of southeast Louisiana. It collaborates with its development allies throughout the region to provide an adequate base of N. The Foundation is located in New Orleans, LA.
Related structure
Greater New Orleans Development Foundation is a subordinate organization under Greater New Orleans.
Total revenues
$5,465,248
2023
Total expenses
$5,403,500
2023
Total assets
$3,571,319
2023
Num. employees
14
2023

Program areas at Greater New Orleans Development Foundation

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.

Grants made by Greater New Orleans Development Foundation

GranteeGrant descriptionAmount
Ohub FoundationEda BBB Phase 2 Grant Subaward To Develop/contribute To Edah2thefuture South Louisiana Coalition Nexus Program- Delivery of H2nexus Inclusive Entrepreneurship Program$750,000
Baton Rouge Area Chamber (BRAC)Eda BBB Phase 2 Grant Subaward for Business Recruitment and Bre Services in Baton Rouge Region; Participation in the Nexus Industry Council, and Support Accross the H2thefuture Projects$186,840
The Greater New Orleans FoundationSupport of Gnof Nola Coalitionprovided By Avondale Global Gateway, T. Parker Host, & Adam Anderson$75,000
...and 8 more grants made

Who funds Greater New Orleans Development Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Walton Family FoundationTo Support the Business Community's Continued Education and Engagement in the Coastal Restoration Process.$250,000
Schwab Charitable FundPublic, Societal Benefit$73,000
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$10,000
...and 2 more grants received

Personnel at Greater New Orleans Development Foundation

NameTitleCompensation
Michael HechtPresident and Chief Executive Officer$0
Sara BradfordChief Operating Officer
Jasmine Brown-DeRousselleChief External Affairs Officer
Grady FitzpatrickChief Business Development Officer
Jeff TeagueSenior Vice President of Finance and Administration
...and 13 more key personnel

Financials for Greater New Orleans Development Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$5,085,050
Program services$245,521
Investment income and dividends$13,128
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$121,549
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$5,465,248

Form 990s for Greater New Orleans Development Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122025-01-31990View PDF
2022-122023-11-15990View PDF
2021-122022-11-14990View PDF
2020-122021-12-23990View PDF
2019-122021-03-02990View PDF
...and 10 more Form 990s
Data update history
January 14, 2025
Received grants
Identified 1 new grant, including a grant for $250,000 from Walton Family Foundation
October 26, 2024
Updated personnel
Identified 8 new personnel
February 3, 2024
Received grants
Identified 2 new grant, including a grant for $10,000 from United Way of Southeast Louisiana
January 19, 2024
Posted financials
Added Form 990 for fiscal year 2022
December 29, 2023
Received grants
Identified 2 new grant, including a grant for $225,000 from Walton Family Foundation
Nonprofit Types
Grantmaking organizationsPublic sector nonprofitsBusiness and community development organizationsChapter / child organizationsCharities
Issues
Community improvementEconomic development
Characteristics
State / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
Address
1100 Poydras St 3475
New Orleans, LA 70163
Metro area
New Orleans-Metairie, LA
County
Orleans Parish, LA
Website URL
gnoinc.org/ 
Phone
(504) 527-6900
IRS details
EIN
72-1177207
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1913
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Subordinate organization
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