French Quarter Festival Inc
- Assets
- $3.6m
- Revenue
- $2.9m
- Investments
- $1.1m
- Employees
- 9
- Location
- New Orleans, LA
- Founding
- 10/1988
- Data as of
- 12/2021
- EIN
- 72-1046163
Organization Overview
French Quarter Festival Inc is located in New Orleans, LA. The organization was established in 1988. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, French Quarter Festival Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. French Quarter Festival Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, French Quarter Festival Inc generated $2.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.2%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FRENCH QUARTER FESTIVAL IS A 501(C)3 NON-PROFIT ORGANIZATION WHOSE MISSION IS TO PROMOTE THE VIEUX CARRE AND THE CITY OF NEW ORLEANS THROUGH HIGH QUALITY SPECIAL EVENTS AND ACTIVITIES THAT SHOWCASE THE CULTURE AND HERITAGE OF THIS UNIQUE CITY, CONTRIBUTE TO THE ECONOMIC WELL BEING OF THE COMMUNITY, AND INSTILL INCREASED PRIDE IN THE PEOPLE OF NEW ORLEANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRENCH QUARTER FESTIVAL IS THE LARGEST SHOWCASE OF LOUISIANA MUSIC IN THE WORLD. THE EVENT, WHICH CELEBRATES NEW ORLEANS' UNIQUE CULTURE, IS HOSTED ANNUALLY IN THE SPRING. THE FESTIVAL'S MISSION IS TO PROMOTE THE VIEUX CARRE AND THE CITY OF NEW ORLEANS, CONTRIBUTE TO THE ECONOMICWELL-BEING OF THE COMMUNITY, AND INSTILL AN INCREASED SENSE OF PRIDE IN THE PEOPLE OF NEW ORLEANS.
SATCHMO SUMMERFEST IS DEDICATED TO CELEBRATING THE LIFE, LEGACY, AND MUSIC OF LOUIS ARMSTRONG. THE FESTIVAL'S MISSION IS TO PROMOTE THE VIEUX CARRE AND THE CITY OF NEW ORLEANS, CONTRIBUTE TO THE ECONOMIC WELL-BEING OF THE COMMUNITY, AND INSTILL AN INCREASED SENSE OF PRIDE IN THE PEOPLE OF NEW ORLEANS.
HOLIDAYS NEW ORLEANS STYLE FEATURES ALL OF THE UNIQUE WAYS NEW ORLEANS CELEBRATES THE HOLIDAYS - FROM FREE HOLIDAY CONCERTS TO SPECIAL REVEILLON MEALS. THE EVENT'S MISSION IS TO PROMOTE THE VIEUX CARRE AND THE CITY OF NEW ORLEANS, CONTRIBUTE TO THE ECONOMIC WELL-BEING OF THE COMMUNITY, AND INSTILL AN INCREASED SENSE OF PRIDE IN THE PEOPLE OF NEW ORLEANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Madero President & CEO | Officer | 40 | $193,250 |
Barrett Cooper Board Chair | OfficerTrustee | 3 | $0 |
Leslie T Alley Secretary | OfficerTrustee | 2 | $0 |
Chimene Grant Saloy Board Vice Chair | OfficerTrustee | 3 | $0 |
Trey Reinhardt Treasurer | OfficerTrustee | 1 | $0 |
Brittany Mcgovern Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $131,900 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,396,541 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,528,441 |
| Total Program Service Revenue | $322,797 |
| Investment income | $4,577 |
| 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 | $2,861,776 |
| 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. | $193,250 |
| Compensation of current officers, directors, key employees. | $25,123 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $461,152 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $95,228 |
| Payroll taxes | $46,291 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20 |
| Fees for services: Accounting | $2,575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14,183 |
| Office expenses | $0 |
| Information technology | $27,898 |
| Royalties | $0 |
| Occupancy | $103,118 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,680 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,141 |
| Insurance | $24,131 |
| All other expenses | $43,352 |
| Total functional expenses | $1,447,203 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $812,021 |
| Savings and temporary cash investments | $1,614,692 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $67,990 |
| 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 | $3,621 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,146,172 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,644,496 |
| Accounts payable and accrued expenses | $18,222 |
| Grants payable | $0 |
| Deferred revenue | $1,092,523 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $150,000 |
| Total liabilities | $1,260,745 |
| Net assets without donor restrictions | $1,561,514 |
| Net assets with donor restrictions | $822,237 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $3,644,496 |
Grants Awarded
Over the last fiscal year, French Quarter Festival Inc has awarded $10,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
New Orleans, LA PURPOSE: TO CONTRIBUTE FUNDS TO GO TOWARDS JACKSON SQUARE BEAUTIFICATION AND UPKEEP | $5,000 |
New Orleans, LA PURPOSE: TO HELP FUND THE MUSIC, EDUCATION, TUTORING AND MENTORING PROGRAM FOR AT-RISK YOUTH | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that French Quarter Festival Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Bentson Foundation Wayzata, MN PURPOSE: GENERAL | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fort Worth Art Association Fort Worth, TX | $70,573,501 | $16,694,058 |
Health Education Learning Project H E L P Fort Worth, TX | $21,809,617 | $21,715,181 |
Texas Advocacy Project Inc Austin, TX | $1,606,192 | $3,119,683 |
Efforts Of Grace Inc New Orleans, LA | $9,750,115 | $6,712,838 |
South Texas Institute For The Arts Corpus Christi, TX | $11,651,943 | $2,742,109 |
Society For Neuro-Oncology Houston, TX | $6,909,260 | $3,914,434 |
Gdiacc Foundation Inc Dallas, TX | $106,516 | $2,129,759 |
Sea Turtle Inc South Padre Island, TX | $11,651,431 | $4,419,765 |
The Walls Project Baton Rouge, LA | $407,630 | $1,770,639 |
Match Midtown Arts & Theater Center Houston Houston, TX | $20,886,964 | $758,825 |
Mayfest Inc Fort Worth, TX | $677,202 | $1,777,166 |
Houston Center For Contemporary Craft Houston, TX | $834,489 | $1,434,425 |