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Iris Club FY2025 filing

Not tax-deductible

New Orleans, LA501(c)(7)Since 1950EIN 72-1297114Revenue $159K in FY2025

On file with the IRSPo Box 56005, 70156-6005 · New Orleans, LATax-exempt since Oct 1995

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To Encourage Social & Literary Development

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2026
latest Form 990
Looks good: the latest return is for FY2026, this tax year; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $154 a year · under 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
24 mo
of spending, in cash
Looks good: 24.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$159K
+11% vs prior year
Spent
$163K
To programs
100%
Net assets
$352K
By yearFY2022–FY2026
Revenue
$159K
FY2025▲ +11%
Tap a bar for its year
Revenue by fiscal year
FY2022$177K
FY2023$134K
FY2024$143K
FY2025$159K
FY2026$165K
Expenses
$163K
FY2025▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2022$129K
FY2023$169K
FY2024$155K
FY2025$163K
FY2026$162K
Net assets
$352K
FY2025▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2022$381K
FY2023$374K
FY2024$362K
FY2025$352K
FY2026$350K

From the FY2025 Form 990 (year ending March 2025) · see the original

990 PDF Claim
You’re viewing the FY2025 filing — not the latest on file. See the latest (FY2026) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2026. IRS ruling in Oct 1995.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $163K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

14 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
W Geary Mason
Vice President
$0Pt VII · Sec A
Mark D Latham
Treasuser
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Iris Club executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Fosters social and literary growth in communities.

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By the numbers

The FY2025 990, line by line.

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from philanthropy.org
1The main four
Money inPt VIII
$159K
Ln 12
Gifts and grantsLn 1h$126K
Other incomeLn 4–11$25K
Investment incomeLn 3$8K
Money outPt IX
$163K
Ln 25
Programscol B$163K
Owns and owesPt X
$352K
net assets · Ln 32
Cash and savingsLn 1–2$330K
Total assetsLn 16$352K
LiabilitiesLn 26$0
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$126K
Investment incomeLn 3$8K
Other incomeLn 4–11$25K
Total revenueLn 12$159K
Assets in detailPt X, end of year
CashLn 1$330K
Cash and savings togetherLn 1–2$330K
Other assetsLn 15$22K
Total assetsLn 16$352K
LiabilitiesLn 26$0
Net assetsLn 32$352K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6100
Fiscal year endsHeaderMarch
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$333K$330K
Total assetsLn 16$362K$352K
LiabilitiesLn 26$0$0
Net assetsLn 32$362K$352K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
OccupancyLn 16$8K$8K$0$0
Other expenses (24a–d)Ln 24$155K$155K$0$0
Total functional expensesLn 25$163K$163K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2026 Latest $165K$162K$3K$350K 990 PDF
FY2025 Viewing $159K$163K−$4K$352K 990 PDF
FY2024 $143K$155K−$12K$362K 990 PDF
FY2023 $134K$169K−$36K$374K 990 PDF
FY2022 $177K$129K$48K$381K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $159,166 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $126,854$125,630
I-9 Program service revenue$0
I-10 Investment incomePrior year $5,868$8,243
I-11 Other revenuePrior year $10,577$25,293
I-12 Total revenuePrior year $143,299$159,166
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $155,282$162,739
I-18 Total expensesPrior year $155,282$162,739
I-19 Revenue less expensesPrior year −$11,983−$3,573
Part VI · Governance 14 of 14 board members independent, 4 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $159,166 across 6 lines filed
Lines not itemized here account for $6,895 of total revenue; see the IRS return.
VIII-1b Membership dues$125,630
VIII-1h Total contributions, gifts and grants$125,630
VIII-3 Investment incomeUnrelated business $8,243 · Excluded from tax $0$8,243
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $7,219$7,219
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $11,179 · Unrelated business $0 · Excluded from tax $0$11,179
VIII-12 Total revenueRelated to mission $18,074 · Unrelated business $8,243 · Excluded from tax $7,219$159,166
Part IX · Statement of functional expenses $162,739 across 2 lines filed
IX-16 OccupancyPrograms $7,680 · Management $0 · Fundraising $0$7,680
IX-24 Other expenses (24a–d)Programs $155,059 · Management $0 · Fundraising $0$155,059
IX-25 Total functional expensesPrograms $162,739 · Management $0 · Fundraising $0$162,739
Part X · Balance sheet $352,251 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $333,444$329,851
X-15 Other assetsStart of year $29,020$22,400
X-16 Total assetsStart of year $362,464$352,251
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $362,464$352,251
X-33 Total liabilities and net assetsStart of year $362,464$352,251
Part XI · Reconciliation of net assets $352,251 net assets at year end
XI-1 Total revenue$159,166
XI-2 Total expenses$162,739
XI-3 Revenue less expenses−$3,573
XI-4 Net assets at start of year$362,464
XI-9 Other changes in net assets−$6,640
XI-10 Net assets at end of year$352,251

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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