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Crescent Club

Not tax-deductible

New Orleans, LA501(c)(7)Recreation & SportsEIN 72-6028277Revenue $1.2M in FY2025

On file with the IRSPo Box 56337, 70156-6337 · New Orleans, LATax-exempt since Nov 2011

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Annual presentation of mardi gras parade and ball in new orleans, louisiana.

Run by 20 volunteers.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $3K a year · under 1% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Cash reserves
1 mo
of spending, in cash
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$26K
19% of total assets
Looks good: liabilities are 19% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
+17% vs prior year
Spent
$1.3M
Net assets
$113K
By yearFY2020–FY2025
Revenue
$1.2M
FY2025▲ +17%
Tap a bar for its year
Revenue by fiscal year
FY2020$832K
FY2021$476K
FY2022$833K
FY2023$993K
FY2024$1.1M
FY2025$1.2M
Expenses
$1.3M
FY2025▲ +16%
Tap a bar for its year
Expenses by fiscal year
FY2020$854K
FY2021$386K
FY2022$796K
FY2023$1.1M
FY2024$1.1M
FY2025$1.3M
Net assets
$113K
FY2025▼ -16%
Tap a bar for its year
Net assets by fiscal year
FY2020$109K
FY2021$199K
FY2022$235K
FY2023$166K
FY2024$135K
FY2025$113K

From the FY2025 Form 990 (year ending March 2025) · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Exemption reinstated (2010-05-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Nov 2011.

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

Who runs it and what they're paid

15 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
James Reiss
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Crescent 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

Presents an annual Mardi Gras parade and ball in New Orleans.

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Provided by the organization

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3 programs · in their own filed words · FY2024
01

Member luncheons and dinnersduring the year crescent club staged two membership gatherings which included lunch AND/OR dinner. Such activities provided an opportunity for the membership to meet, gather, commingle and socialize by drawing together all the membership in one central location for comaraderie and fellowship.

Pt IX · col B
02

Ball staging and presentationfollowing the parade, crescent club staged its annual ball and presentation for its members and guests thereby providing all an opportunity to commingle, fraternize and celebrate the eve of mardi gras. Music and dancing ensued to foster such activities.

Pt IX · col B
03

Parade CONSTRUCTION/PRESENTATIONON march 3, 2025, crescent club staged its annual parade featuring 20 floats decorated in traditional papier-mache' artistry while over 20 bands marched in celebration.

Pt IX · col B

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.2M
Ln 12
Fees for servicesLn 2g$1.2M
Investment incomeLn 3$12K
Money outPt IX
$1.3M
Ln 25
Owns and owesPt X
$113K
net assets · Ln 32
Cash and savingsLn 1–2$103K
Total assetsLn 16$139K
LiabilitiesLn 26$26K
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.2M
Investment incomeLn 3$12K
Gains on assetsLn 7$35
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$52K
SavingsLn 2$51K
Cash and savings togetherLn 1–2$103K
InvestmentsLn 11–13$31K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$5K
Total assetsLn 16$139K
LiabilitiesLn 26$26K
Net assetsLn 32$113K
OperationsPt I, VI
EmployeesI 50
VolunteersI 620
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$130K$103K
InvestmentsLn 11–13$28K$31K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$158K$139K
LiabilitiesLn 26$24K$26K
Net assetsLn 32$135K$113K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$15K
Office expensesLn 13$12K
Information technologyLn 14$30K
OccupancyLn 16$24K
InsuranceLn 23$47K
Other expenses (24a–d)Ln 24$1.1M
Total functional expensesLn 25$1.3M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.2M$1.3M−$22K$113K 990 PDF
FY2024 $1.1M$1.1M−$31K$135K 990 PDF
FY2023 $993K$1.1M−$70K$166K 990 PDF
FY2022 $833K$796K$37K$235K 990 PDF
FY2021 $476K$386K$90K$199K 990 PDF
FY2020 $832K$854K−$22K$109K 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 $1,241,565 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,536$0
I-9 Program service revenuePrior year $1,045,514$1,229,157
I-10 Investment incomePrior year $9,168$12,408
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,059,218$1,241,565
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,090,123$1,263,681
I-18 Total expensesPrior year $1,090,123$1,263,681
I-19 Revenue less expensesPrior year −$30,905−$22,116
Part VI · Governance 15 of 15 board members independent, 4 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
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 $1,241,565 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,229,157$1,229,157
VIII-3 Investment incomeUnrelated business $12,373$12,373
VIII-7 Net gain or loss on sales of assetsUnrelated business $35$35
VIII-12 Total revenueRelated to mission $1,229,157 · Unrelated business $12,408 · Excluded from tax $0$1,241,565
Part IX · Statement of functional expenses $1,263,681 across 6 lines filed
IX-11c Accounting fees$15,318
IX-13 Office expenses$12,148
IX-14 Information technology$30,318
IX-16 Occupancy$23,750
IX-23 Insurance$46,686
IX-24 Other expenses (24a–d)$1,135,461
IX-25 Total functional expenses$1,263,681
Part X · Balance sheet $139,094 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $69,738$52,329
X-2 Savings and temporary cash investmentsStart of year $60,592$50,885
X-10c Land, buildings and equipment, netStart of year $0$0
X-12 Other securitiesStart of year $28,061$30,880
X-15 Other assets$5,000
X-16 Total assetsStart of year $158,391$139,094
X-25 Other liabilitiesStart of year $23,525$26,344
X-26 Total liabilitiesStart of year $23,525$26,344
X-32 Total net assets or fund balancesStart of year $134,866$112,750
X-33 Total liabilities and net assetsStart of year $158,391$139,094
Part XI · Reconciliation of net assets $112,750 net assets at year end
XI-1 Total revenue$1,241,565
XI-2 Total expenses$1,263,681
XI-3 Revenue less expenses−$22,116
XI-4 Net assets at start of year$134,866
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$112,750

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

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