Overview
What is Bayou District Foundation?
The Bayou District Foundation, located in New Orleans, Louisiana, is a nonprofit organization dedicated to revitalizing the St. Bernard Housing Project, which was severely affected by Hurricane Katrina. Their primary mission is to raise funds for the reconstruction of the neighborhood and its infrastructure, aiming to improve the living conditions of its residents and help them break the cycle of poverty. This includes encouraging the construction of mixed-income housing, high-quality schools, workforce training, and the redevelopment of recreational facilities in City Park. Their efforts are intended to revitalize the community, enabling residents to return to a thriving neighborhood and enjoy a high quality of life. As of now, the Bayou District Foundation employs 143 individuals in their mission.
Official website here: www.bayoudistrictfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
The Bayou District Foundation has received a solid Three-Star rating from Charity Navigator, reflecting a strong performance in accountability and finance with a score of 81%. This rating indicates that the organization is financially healthy and well-managed, demonstrating commitment to transparency and effective use of funds. Notably, the foundation has a fully independent board, which enhances its governance practices.
Strengths highlighted include the foundation's impressive program expense ratio of 95.04%, suggesting that a significant portion of its budget is allocated directly to its programs rather than administrative costs. Additionally, the organization has comprehensive governance policies in place, including conflict of interest and whistleblower policies, which contribute to its accountability framework. The foundation also maintains meticulous financial oversight, as evidenced by its full marks in areas related to financial statements and audits.
While the foundation shows strong financial management, there are no specific limitations or concerns detailed in the available data. Overall, the Bayou District Foundation appears to be a responsible and effective nonprofit, with a clear focus on maximizing its impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Bayou District Foundation legitimate?
Bayou District Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bayou District Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $112,113
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,701,983
For more financial information, click here
Official website here: www.bayoudistrictfoundation.org
What is the mission statement of Bayou District Foundation?
The Bayou District Foundation's mission is centered around raising funds to facilitate the reconstruction of the neighborhood and infrastructure of the former St. Bernard Housing Project, which was devastated by Hurricane Katrina. The primary goal is to assist its residents in breaking their cycle of poverty. To achieve this, the foundation encourages the construction of mixed-income housing, high-quality schools, workforce training programs, and the renovation of recreational facilities in City Park. By funding these projects, the Bayou District Foundation aims to revitalize the community, allowing residents to return to a thriving neighborhood and enjoy a better quality of life, ultimately helping to break the cycle of poverty.
Official website here: www.bayoudistrictfoundation.org
Who is the CEO of Bayou District Foundation?
Gerard W Barousse Jr is the Chairman of Bayou District Foundation.
Official website here: www.bayoudistrictfoundation.org
What is the revenue of Bayou District Foundation?
Bayou District Foundation's revenue in 2021 was $2,965,153.
Official website here: www.bayoudistrictfoundation.org
Who are the executives of Bayou District Foundation and what are their salaries?
The average compensation at Bayou District Foundation during 2021 was $12,686. There are 143 employees and 90 volunteers at Bayou District Foundation.
Here are 9 key members and their salaries:
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- Compensation: $112,113
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- Other: $5,640
Official website here: www.bayoudistrictfoundation.org
Where can I find the form 990 for Bayou District Foundation?
Bayou District Foundation's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.bayoudistrictfoundation.org
Learn more at the official website: www.bayoudistrictfoundation.org
Mission Statement of Bayou District Foundation
The Bayou District Foundation, a nonprofit organization, is committed to revitalizing the former St. Bernard Housing Project, a low-income housing community that was devastated by Hurricane Katrina. Their mission is twofold: firstly, to raise funds for the reconstruction of the neighborhood and its infrastructure, and secondly, to aid its residents in breaking the cycle of poverty. To accomplish this, the Bayou District Foundation has encouraged various development projects in the area. These projects include the construction of mixed-income housing, high-quality schools, workforce training programs, and the redevelopment of recreational facilities in City Park. By funding and supporting these initiatives, the Bayou District Foundation aims to transform the community into a thriving neighborhood where residents can enjoy a improved quality of life, thereby helping them escape the cycle of poverty.
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Impact
October, 2024
Bayou District Foundation has made a significant impact on the revitalization of the former St. Bernard Housing Project and the surrounding neighborhood in New Orleans, which were heavily damaged by Hurricane Katrina. By raising funds, it has facilitated the reconstruction of essential infrastructure and encouraged the development of mixed-income housing, creating a more diverse and inclusive community.
The foundation has been instrumental in promoting educational opportunities through the establishment of high-quality schools, alongside workforce training programs that empower residents to improve their employment prospects. Additionally, the redevelopment of recreational facilities in City Park has enhanced the quality of life for community members, providing safe spaces for recreation and social interaction.
Through these initiatives, Bayou District Foundation not only aims to revitalize the physical environment but also to help residents break free from the cycle of poverty, fostering a thriving neighborhood where families can flourish.
This information is meant to be a general summary of Bayou District Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Investment Income: $10,593
- Program Service Revenue: $1,820,161
- Gross Receipts: $2,981,032
Assets and Liabilities:
- Total Assets: $2,075,399
- Total Liabilities: $4,918,132
- Net Assets: -$2,842,733
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GOLF COURSE REIMBURSEM
Revenue
$1,820,161
Organization Details
Founding Year
2007
Phone
(504) 272-0307Principal Officer
Gerard W Barousse Jr
Main Address
320 JULIA STREET, NEW ORLEANS, LA, 70130
NTEE Category
Code: P20 - Human services
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