Visit Kenner INC EIN 83-1473315 Form 990 (PDF) Claim this org

Visit Kenner INC FY2020 filing

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Promotes and funds programs to boost tourism and visitor engagement in Kenner, Louisiana. For fiscal year 2020 it reported $163K in revenue, $182K in expenses, and $31K in net assets.Pt I

Type
Business league / trade association · Community Development
Location
Kenner, LA
Website
www.visitkenner.us
Filings
5 on file (2020–2020)
Revenue
$163KFY2020
Expenses
$182K
Net assets
$31K
People
3
Filings
5
Updates
0
More identity details & actions ⌄
EIN  83-1473315 Business league / trade association Kenner, LA
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Promotes and funds programs to boost tourism and visitor engagement in Kenner, Louisiana.
Leadership
Mike Vera · Director
Money in and out
$163K revenue, $182K expenses
Bottom line
-12% operating surplus
Membership & operating revenue · FY2020
Total revenue
$163K
Pt VIII · Ln 12
Total expenses
$182K
Pt IX · Ln 25
Net assets
$31K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$20K
Where spending went · Part IX cols B–D
Program services $0.43 Management & general $0.57
Operating surplus
-12%
revenue over expenses
Earned revenue
42%
of revenue from program services & dues
Payroll share
47%
of spending is salaries & benefits

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$163K
FY2020
Expenses
$182K
FY2020
Total assets
$31K
FY2020
Total liabilities
$0
FY2020
Total revenue
$163K
Pt VIII · Ln 12
Total expenses
$182K
Pt IX · Ln 25
Net assets
$31K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$20K
Total assetsPt X · Ln 16$31K
Program-expense ratioPt IX · col B43%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2020.
01

To Fulfill the Requirements of La.rs.47

338:203 to promote and fund programs which enhance visitation and tourism in the city of Kenner, La.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CVisit Kenner INC
EINHdr · item D83-1473315
Principal addressHdr · item CKenner, LA
WebsiteHdr · item Jwww.visitkenner.us
Year of formationHdr · item Lpending
State of legal domicileHdr · item MLA
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFCommunity Development (S41)
Ruling yearIRS BMFDec 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A

Carolyn Barrett’s $84K as Manager is at the 60th percentile of top reported officer pay among 1711 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024
Carolyn Barrett$84,150$82,693

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$93K · 57%
Program service revenue$69K · 42%
Contributions & grants57%$93K
Program service revenue42%$69K
Investment income$333
— government grantsLn 1e$93K
Total revenueLn 12$163K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.43 Management & general $0.57
Program services43%$79K
Management & general57%$103K
Total functional expensesLn 25$182K

Balance Sheet

Part X · end of year
CashLn 1$31K
Total assetsLn 16$31K
Total liabilitiesLn 26$0
Total net assetsLn 32$31K
Months of cash on handcomputed2.1

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $31K · Operating expenses/yr $182K
2.1 months
Where the money goes
Program services
Program services $79K · Total expenses $182K
43%
Management & General
Management & general $103K · Total expenses $182K
57%
Fundraising
Fundraising $0 · Total expenses $182K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $93K · Total revenue $163K
57%
Government reliance
Government grants $93K · Total revenue $163K
57%
Earned-income share
Program service revenue $69K · Total revenue $163K
42%
Investment reliance
Investment income $333 · Total revenue $163K
+0.2%
Program self-sufficiency
Program service revenue $69K · Total expenses $182K
38%
Growth & trend
Revenue growth (YoY)
This year $163K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $31K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $163K · Expenses $182K
-12%
Liabilities-to-Assets
Total liabilities — · Total assets $31K
Net-asset ratio
Net assets $31K · Total assets $31K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $31K
0%
People & payroll
Highest Reported Total Compensation
Individual Mike Vera · Reported title Director · Highest reported compensation $0 · Total expenses $182K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $86K · Total expenses $182K
47%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 43%
Overhead ratio 57%
Fundraising cost ratio 0%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 5%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$2K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$627K revenue · ⤓ 990 PDF
FY2024$539K revenue · ⤓ 990 PDF
FY2023$381K revenue · ⤓ 990 PDF
FY2022not on file
FY2021$152K revenue · ⤓ 990 PDF
FY2020$163K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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