Overview
What is New Orleans Culinary & Hospitality Institute?
The New Orleans Culinary & Hospitality Institute, a nonprofit organization located at 725 Howard Avenue 101, New Orleans, LA 70130, operates as a top-tier, post-secondary vocational school for the culinary and hospitality industry. Equipped with state-of-the-art facilities such as two culinary labs, two baking and pastry labs, a beverage lab, a dining lab, a food science and sensory lab, and general classroom spaces, the institute offers certificate programs in the culinary field. The primary program services include the NOCHI Culinary Arts Certificate and NOCHI Baking and Pastry Arts Certificate, designed to equip graduates with essential foundational skills needed for a career in professional cooking or baking. The institute's facilities also house a space for private events, contributing to additional revenue and providing hands-on learning experiences for future students. During 2022, 42 students graduated from the Culinary & Baking and Pastry Arts Certificate Program, while an additional 19 were enrolled and scheduled to graduate in March 2023. The New Orleans Culinary & Hospitality Institute's mission is to foster world-class culinary and hospitality facilities, programs, and research, ultimately driving workforce and economic development for the New Orleans region. With a workforce of 53 individuals, the institute is a vital contributor to the local culinary and hospitality sector.
Official website here: www.nochi.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star rating)
The New Orleans Culinary & Hospitality Institute has received a strong three-star rating from Charity Navigator, with an overall score of 86%. This score is based solely on its Accountability & Finance metrics, reflecting the organization's commitment to financial transparency and governance. The institute has demonstrated excellent practices, earning full points in areas such as independent board member composition, audit oversight, and conflict of interest policies.
Strengths highlighted in the data include a fully independent board and robust financial oversight mechanisms, indicating a strong governance structure. The institute also adheres to best practices in whistleblower protections and document retention, contributing to its high accountability score. Additionally, its liabilities to assets ratio is commendably low at 34%, showcasing financial stability.
However, while the program expense ratio stands at 61.89%, it is worth noting that this figure indicates that a larger portion of the budget may not be directly allocated to program services. This could suggest that there is room for improvement in ensuring that resources are maximized for direct impact on its culinary and hospitality programs. Overall, the organization reflects strong governance but may need to focus on enhancing its program expenses to further improve its impact.
This AI summary has been generated from information found on Charity Navigator.
Is New Orleans Culinary & Hospitality Institute legitimate?
New Orleans Culinary & Hospitality Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Orleans Culinary & Hospitality Institute 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: $291,125
Professional Fundraising Fees: $30,200
Other Salaries and Wages: $868,597
For more financial information, click here
Official website here: www.nochi.org
What is the mission statement of New Orleans Culinary & Hospitality Institute?
The New Orleans Culinary & Hospitality Institute is dedicated to establishing top-tier culinary and hospitality facilities, programs, and research. This initiative aims to stimulate workforce development and economic growth within its respective region. As a post-secondary vocational school specializing in culinary and hospitality, it offers certificate programs in these fields. The institute's primary goal is to equip students with fundamental skills essential for a professional career in cooking or baking, preparing them for a production-oriented environment. The institute also hosts private events in its facilities, generating revenue and providing experiential learning opportunities for future students. In 2022, 42 students graduated from the culinary and baking arts certificate programs, with 19 more scheduled to graduate in March 2023.
Official website here: www.nochi.org
What is the revenue of New Orleans Culinary & Hospitality Institute?
New Orleans Culinary & Hospitality Institute's revenue in 2023 was $4,734,009.
Official website here: www.nochi.org
Who are the executives of New Orleans Culinary & Hospitality Institute and what are their salaries?
The average compensation at New Orleans Culinary & Hospitality Institute during 2023 was $23,194. There are 50 employees and 16 volunteers at New Orleans Culinary & Hospitality Institute.
Here are 18 key members and their salaries:
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- Compensation: $168,894
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- Other: $6,571
Official website here: www.nochi.org
Where can I find the form 990 for New Orleans Culinary & Hospitality Institute?
New Orleans Culinary & Hospitality Institute's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.nochi.org
Learn more at the official website: www.nochi.org
Mission Statement of New Orleans Culinary & Hospitality Institute
The New Orleans Culinary & Hospitality Institute, as a distinguished post-secondary vocational school, is dedicated to establishing world-class facilities, programs, and research within the culinary and hospitality industry. Its mission is geared towards fostering workforce and economic development within the New Orleans region. The institution operates with state-of-the-art facilities, including culinary labs, baking and pastry labs, a beverage lab, a dining lab, a food science and sensory lab, and general classroom spaces. These facilities serve as a platform for two certificate programs in the culinary field, namely the Culinary Arts and Baking and Pastry Arts certificates. These programs are designed to equip students with fundamental skills necessary for a professional career in the culinary or baking industry.
Moreover, the New Orleans Culinary & Hospitality Institute offers an opportunity for practical learning through hosting private events at its facilities. This not only generates revenue for the school but also provides a valuable experiential learning opportunity for future students. As of 2022, 42 students successfully graduated from the Culinary & Baking and Pastry Arts certificate programs, while an additional 19 students were enrolled and scheduled to graduate in March 2023. Overall, the New Orleans Culinary & Hospitality Institute plays a pivotal role in nurturing talented chefs and hospitality professionals while contributing to the local economy.
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Impact
July, 2024
New Orleans Culinary & Hospitality Institute is making a significant impact by providing world-class vocational education in the culinary and hospitality industry. Through its certificate programs and state-of-the-art facilities, NOCHI is equipping students with the foundational skills necessary for successful careers as professional cooks and bakers. Additionally, the institute's focus on workforce development is driving economic growth in the New Orleans region by producing skilled graduates ready to enter the workforce. With a recent graduating class and more students on track to complete their programs, NOCHI is playing a vital role in shaping the future of the culinary and hospitality sector in the area.
This information is meant to be a general summary of New Orleans Culinary & Hospitality Institute. 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 2023.
- Investment Income: $265
- Program Service Revenue: $1,744,925
- Gross Receipts: $5,577,567
Assets and Liabilities:
- Total Assets: $19,060,810
- Total Liabilities: $6,482,004
- Net Assets: $12,578,806
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$1,511,637
LEVERAGE LOAN INTEREST - NMTC
Revenue
$233,288
Organization Details
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