Friends of Lafitte Corridor Inc

Nonprofit profile at a glance

EIN
205295500
IRS 990 coverage
2015–2024
Forms available
Form 990 2024, Form 990-EZ 2016, Form 990-N 2014
Location
New Orleans, LA, USA
Phone
5044620645
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Alliance/Advocacy

Official website

Reported finances

Revenue
$370,942
Expenses
$498,615
Assets
$322,684
Liabilities
$92,227

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

22 people listed

Highest reported compensation

  • Jason Neville (Executive Dir.): $95,135 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Friends of Lafitte Corridor Inc. (d/b/a Lafitte Greenway Partnership) works to build, program, and promote the Lafitte Greenway as a great public space.

What it reported doing in 2024

People - Lafitte Greenway Partnership (LGP) achieves our vision of a healthy and vibrant greenway that connects people to nature, their destinations, and each other through projects, programming, planning, and operations. LGP works to create a community-oriented and highly-used public space. In 2024, LGP reached 18,937 community members with recreation, arts, and cultural programs. The organization hosted 79 free fitness classes throughout the year that was attended by 1,460 local residents. We, partnered with the Crescent City Farmers Market to host New Orleans' largest weekly farms market, and produced arts and cultural events such as the Greenway Supernova light-based art festival, Movies in the Park, Easter Eggstravaganza, and more. Through a monthly e-newsletter and new signage, LGP works to keep the public informed and connected to the Greenway. We also finalized our master plan update for the Broad to Bayou segment of the Greenway.

Operating model

Revenue model
Donor-supported. 68% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 92
  • Accountability: 84
  • Sustainability: 17
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 83.3%; rating input score 83
  • Fundraising efficiency: $10.34 raised per $1 spent on fundraising; rating input score 40; 40th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -34.4%; rating input score 8; 8th percentile among comparable filings
  • Total-asset coverage ratio: 0.65; rating input score 30; 30th percentile among comparable filings
  • Liabilities to assets ratio: 0.29; rating input score 16; 16th percentile among comparable filings
  • Officer compensation ratio: 19.1%; rating input score 20; 20th percentile among comparable filings

Growth

  • Program expense growth: 18% per year; rating input score 100; 82nd percentile among comparable filings
  • Revenue growth: 12.3% per year; rating input score 100; 78th percentile among comparable filings
  • Asset growth: 12.2% per year; rating input score 100; 71st percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 83.3% of spending went to programs
  • Governance: 21 of 21 board members independent · 5 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $415K in reported program spending
  • Leadership: top reported pay $95K · 22 people listed
  • Consistency: 30 of 30 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 9 filing years from 2015 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 40/100.
  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • High — Sustainability: Operating margin scored 8/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 30/100.
  • High — Sustainability: Liabilities to assets ratio scored 16/100.
  • High — Sustainability: Officer compensation ratio scored 20/100.