Krewe Of Bacchus Inc
- Assets
- $5.1m
- Revenue
- $6.0m
- Investments
- $550.0k
- Employees
- 2
- Location
- New Orleans, LA
- Founding
- 12/1969
- Data as of
- 04/2022
- EIN
- 72-0683938
Organization Overview
Krewe Of Bacchus Inc is located in New Orleans, LA. The organization was established in 1969. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 04/2022, Krewe Of Bacchus Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Krewe Of Bacchus Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 04/2022, Krewe Of Bacchus Inc generated $6.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $5.6m during the year ending 04/2022. While expenses have increased by 4.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MEMBERSHIP DUES AND ASSESSMENTS PROVIDE THE FUNDS NECESSARY FOR THE ORGANIZATION TO PUT ON PARADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARDI GRAS PARADE AND CARNIVAL EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carl Ducote Director | Trustee | 5 | $0 |
Joseph O'connor Director | Trustee | 5 | $0 |
Robert Cangelosi Jr Director | Trustee | 5 | $0 |
Blake Brennan Director | Trustee | 5 | $0 |
Owen Brennan Jr Director | Trustee | 5 | $0 |
George Schiaffino Treasurer | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $6,009,264 |
| Investment income | $6,940 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,016,204 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $217,280 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $20,180 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $80 |
| Fees for services: Accounting | $8,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,020 |
| Information technology | $34,394 |
| Royalties | $0 |
| Occupancy | $189,327 |
| Travel | $6,901 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $55,294 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $117,168 |
| Insurance | $90,856 |
| All other expenses | $493,726 |
| Total functional expenses | $5,640,565 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,300 |
| Savings and temporary cash investments | $1,703,408 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,792,482 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $550,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,556 |
| Total assets | $5,050,746 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,813,278 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $574,623 |
| Total liabilities | $2,387,901 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $2,662,845 |
| Total liabilities and net assets/fund balances | $5,050,746 |
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