SOUTHERN EYE BANK FOUNDATION

EIN: 720502570 501(c)(3) Philanthropy & Grantmaking

NEW ORLEANS, LA

Total Revenue
$252,392
Total Expenses
$689,327
Total Assets
$11,157,646
Net Assets
$11,137,663
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1947
Legal Domicile
LA
Principal Officer
HON CAMILLE BURAS-TIFFT
Phone
5048913937
Tax Period
2023-01-01 to 2023-12-31

SOUTHERN EYE BANK FOUNDATION, founded in 1947, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $252K in total revenue in fiscal year 2023. Revenue fell 88% from the prior year — a significant decline worth monitoring. Expenses of $689K exceeded revenue, resulting in a 173% operating deficit.

Mission

THE SOUTHERN EYE BANK FOUNDATION WAS ORGANIZED SPECIFICALLY FOR THE (CONT'D ON SCHEDULE O)BENEFIT OF THE GREATER NEW ORLEANS FOUNDATION, A NON PROFIT ORGANIZATION EXEMPT UNDER 501(C)3.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $252,392
Other Revenue $0
TOTAL REVENUE $252,392

Expense Breakdown

Grants Paid $547,908
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $547,908
Other Expenses $141,419
TOTAL EXPENSES $689,327

Year-over-Year Comparison

2023 2022 Change
Revenue $252,392 $2,113,011 -0.9%
Expenses $689,327 $868,619 -0.2%
Net Income $-436,935 $1,244,392 -1.4%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
N/A
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HON CAMILLE BURAS-TIFFT PRESIDENT 2.00
Officer Director
$0 $0 $0
DAVID KENNEDY MD VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
CHARLES F SEEMAN III SECRETARY 2.00
Officer Director
$0 $0 $0
CLE DABEZIES TREASURER 2.00
Officer Director
$0 $0 $0
BRUCE BARRON MD BOARD MEMBER 2.00
Director
$0 $0 $0
MARIA BERNAL MD BOARD MEMBER 2.00
Director
$0 $0 $0
FATHER JAMES CARTER BOARD MEMBER 2.00
Director
$0 $0 $0
MAURICE GAUDET IV BOARD MEMBER 2.00
Director
$0 $0 $0
CLIFFORD A HENDRICKS III MD BOARD MEMBER 2.00
Director
$0 $0 $0
PETER KASTL MD BOARD MEMBER 2.00
Director
$0 $0 $0
GINNY KULLMAN MD BOARD MEMBER 2.00
Director
$0 $0 $0
REBECCA METZINGER MD BOARD MEMBER 2.00
Director
$0 $0 $0
BELVA MISSHORE-PICHON BOARD MEMBER 2.00
Director
$0 $0 $0
PULIN SHAH MD BOARD MEMBER 2.00
Director
$0 $0 $0
PETER SPERLING BOARD MEMBER 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $252,392 $689,327 $11,157,646 $-436,935
2022 $2,113,011 $868,619 $10,927,141 $1,244,392
2021 $2,880,299 $2,251,042 $10,995,375 $629,257
2020 $1,791,201 $1,931,149 $9,439,004 $-139,948
2019 $2,554,331 $2,291,845 $8,828,603 $262,486
2018 $2,790,615 $2,473,511 $7,594,467 $317,104
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