Overview
What is The Greater New Orleans Foundation?
The Greater New Orleans Foundation, a community foundation situated in New Orleans, Louisiana, is dedicated to improving the quality of life in the Southeast Louisiana region. With a mission to promote philanthropy as a vital resource for addressing community needs, the organization is currently managing assets towards a goal of $500 million by 2023. This growth is intended to increase the foundation's endowed funds, supporting their leadership activities by $20 million. Aside from fund management, the Greater New Orleans Foundation offers nonprofit effectiveness training and engages in programmatic initiatives to create a more promising future for their community.
Official website here: www.gnof.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 99%, Four-Star out of Four Star rating.
The Greater New Orleans Foundation has achieved an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. The organization excels with a perfect score in numerous categories, including independent board composition and financial oversight, indicating robust governance and transparency practices. Notably, all board members are independent, which enhances the integrity of their decision-making processes.
In terms of financial efficiency, the foundation demonstrates a highly favorable program expense ratio of over 92%, ensuring that the majority of its funds are directed toward its mission rather than administrative costs. Additionally, the organization shows remarkable fundraising efficiency, requiring only three cents to raise a dollar. These metrics suggest that the foundation is effectively utilizing its resources to maximize impact in the community.
However, there is a noted limitation regarding the absence of a donor privacy policy, which received a zero out of two points. While this does not significantly detract from the foundation's overall stellar rating, it may raise concerns among potential donors about how their personal information is handled. Overall, The Greater New Orleans Foundation stands out as a financially sound and accountable nonprofit with a strong focus on community service.
This AI summary has been generated from information found on Charity Navigator.
Is The Greater New Orleans Foundation legitimate?
The Greater New Orleans Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Greater New Orleans 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: $1,532,139
Professional Fundraising Fees: $53,438
Other Salaries and Wages: $2,039,529
For more financial information, click here
Official website here: www.gnof.org
What is the mission statement of The Greater New Orleans Foundation?
The Greater New Orleans Foundation functions as the community foundation for southeastern Louisiana, dedicated to enhancing the community's future through various initiatives. By encouraging philanthropy, the foundation aims to address pressing issues and improve the quality of life for all. Some of their notable work includes the Be Greater Campaign, which aims to grow the foundation's assets to $500 million and increase endowed funds for leadership activities by $20 million by 2023. The Greater New Orleans Foundation promotes nonprofit effectiveness, provides grant opportunities, and engages in programmatic initiatives to benefit the community.
Official website here: www.gnof.org
Who is the CEO of The Greater New Orleans Foundation?
Andrew Kopplin is the CEO of The Greater New Orleans Foundation The CEO's salary of The Greater New Orleans Foundation is $393,640 and their total compensation is $449,264.
Official website here: www.gnof.org
What is the revenue of The Greater New Orleans Foundation?
The Greater New Orleans Foundation's revenue in 2023 was $43,225,517.
Official website here: www.gnof.org
Who are the executives of The Greater New Orleans Foundation and what are their salaries?
The average compensation at The Greater New Orleans Foundation during 2023 was $96,532. There are 37 employees at The Greater New Orleans Foundation.
Here are 41 key members and their salaries (The Greater New Orleans Foundation's CEO's salary is $393,640 and their total compensation is $449,264):
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- Compensation: $393,640
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- Other: $21,924
Official website here: www.gnof.org
Where can I find the form 990 for The Greater New Orleans Foundation?
The Greater New Orleans Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.gnof.org
Learn more at the official website: www.gnof.org
Mission Statement of The Greater New Orleans Foundation
The Greater New Orleans Foundation, a community foundation, strives to enhance the future of the southeastern Louisiana region. By managing funds, offering nonprofit effectiveness training, and implementing programmatic initiatives, the Foundation aims to improve the overall quality of life for all its residents. In line with its mission, the Greater New Orleans Foundation introduces philanthropically-minded leaders and individuals to its "Be Greater Campaign." This ambitious campaign aims to expand the Foundation's assets to $500 million and boost its endowed funds supporting leadership activities by $20 million by 2023.
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Impact
October, 2024
The Greater New Orleans Foundation significantly enhances the quality of life in the Southeast Louisiana region by promoting philanthropy and facilitating impactful community initiatives. One of its flagship efforts, the "Be Greater Campaign," aims to increase the foundation's asset base to $500 million and boost its endowed funds by $20 million by 2023. This strategic growth allows the foundation to tackle pressing community issues effectively and support leadership activities that benefit the region.
Through effective fund management, training, and programmatic initiatives, the foundation empowers local leaders and organizations to implement solutions tailored to the unique challenges faced by the community. By aligning resources with the needs of the area, The Greater New Orleans Foundation plays a critical role in fostering a resilient and thriving environment for all residents.
This information is meant to be a general summary of The Greater New Orleans 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 2023.
- Investment Income: $6,566,477
- Program Service Revenue: $794,182
- Gross Receipts: $225,370,501
Assets and Liabilities:
- Total Assets: $431,145,923
- Total Liabilities: $3,952,209
- Net Assets: $427,193,714
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE FEES
Revenue
$757,866
TRAINING FEES
Revenue
$21,316
WORKFORCE INNOVATION
Revenue
$15,000
Organization Details
Founding Year
1983
Principal Officer
Andrew Kopplin
Website
www.gnof.orgNTEE Category
Code: T310 - Philanthropy
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