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Nonprofiteer
← SOCIAL ENTREPRENEURS OF NEW ORLEANS

Form 990 for tax year 2023

Filed by SOCIAL ENTREPRENEURS OF NEW ORLEANS.

Totals

Total revenue
$3,428,613
Total expenses
$2,200,758
Contributions and grants received
$3,256,259
Grants paid
$0
Program service revenue
$0
Investment income
$1,383
Other revenue
$170,971
Total assets, end of year
$4,892,157
Total liabilities, end of year
$1,520,318
Net assets or fund balances, end of year
$3,371,839
Program services expenses (Part IX)
$1,493,962
Management and general expenses
$515,842
Fundraising expenses
$190,954
Program service expenses (Part III)
$1,493,962

Program services were 67.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $29,060

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $350,550

  • 1f · All other contributions, gifts and grants

    $2,876,649

  • 1g · Noncash contributions included above

    $0

  • 3 · Investment income

    total $1,383 · related or exempt $1,383 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $149,358 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $149,358 · personal property $0

  • 6d · Net rental income or loss

    total $149,358 · related or exempt $130,348 · unrelated business $19,010 · excluded $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11d · All other revenue

    total $21,613 · related or exempt $21,613 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $21,613

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0 · program services $0

  • 7 · Other salaries and wages

    total $1,056,974 · program services $768,473 · management and general $127,501 · fundraising $161,000

  • 9 · Other employee benefits

    total $78,987 · program services $59,729 · management and general $9,110 · fundraising $10,148

  • 10 · Payroll taxes

    total $76,606 · program services $55,377 · management and general $9,636 · fundraising $11,593

  • 11b · Fees: legal

    total $334 · management and general $334

  • 11c · Fees: accounting

    total $17,600 · management and general $17,600

  • 11g · Fees: other

    total $458,568 · program services $417,214 · management and general $38,329 · fundraising $3,025

  • 12 · Advertising and promotion

    total $23,715 · program services $1,950 · management and general $21,765

  • 13 · Office expenses

    total $82,765 · program services $73,794 · management and general $4,948 · fundraising $4,023

  • 14 · Information technology

    total $27,492 · program services $26,117 · management and general $1,375

  • 16 · Occupancy

    total $55,625 · program services $55,625

  • 17 · Travel

    total $0

  • 19 · Conferences, conventions and meetings

    total $33,590 · program services $13,326 · management and general $20,264

  • 20 · Interest

    total $54,768 · management and general $54,768

  • 22 · Depreciation, depletion and amortization

    total $60,479 · management and general $60,479

  • 23 · Insurance

    total $15,562 · management and general $15,562

  • 24a · Other expenses: FEES, TAXES & ASSESSMENTS

    total $29,318 · program services $0 · management and general $29,318 · fundraising $0

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $4,594 · program services $4,594 · management and general $0 · fundraising $0

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $15,494 · program services $15,494 · management and general $0 · fundraising $0

  • 24d · Other expenses: ACCRUED GRANT EXPENSE

    total $100,500 · program services $0 · management and general $100,500 · fundraising $0

  • 24e · All other expenses

    total $7,787 · program services $2,269 · management and general $4,353 · fundraising $1,165

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,053,805 · end of year $1,374,622

  • 2 · Savings and temporary cash investments

    beginning of year $354,921 · end of year $693,232

  • 3 · Pledges and grants receivable

    beginning of year $49,365 · end of year $556,656

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,797 · end of year $16,465

  • 10a · Land, buildings and equipment: cost or other basis

    $2,174,725

  • 10b · Land, buildings and equipment: accumulated depreciation

    $181,151

  • 10c · Land, buildings and equipment, net

    beginning of year $1,998,625 · end of year $1,993,574

  • 11 · Investments: publicly traded securities

    beginning of year $228,470 · end of year $257,608

  • 17 · Accounts payable and accrued expenses

    beginning of year $270,844 · end of year $168,658

  • 22 · Loans and payables to officers and key people

    beginning of year $109,404 · end of year $101,402

  • 23 · Secured mortgages and notes payable

    beginning of year $1,153,767 · end of year $1,229,759

  • 25 · Other liabilities

    beginning of year $18,984 · end of year $20,499

  • 27 · Net assets without donor restrictions

    beginning of year $1,025,605 · end of year $1,006,168

  • 28 · Net assets with donor restrictions

    beginning of year $1,118,379 · end of year $2,365,671

Mission and programs · 2023

Mission

PROPELLER GROWS AND SUPPORTS ENTREPRENEURS TO TACKLE SOCIAL AND ENVIRONMENTAL DISPARITIES. OUR VISION IS AN INCLUSIVE AND THRIVING ENTREPRENEURIAL ECOSYSTEM IN NEW ORLEANS THAT RESPONDS TO COMMUNITY NEEDS AND CREATES THE CONDITIONS FOR AN EQUITABLE FUTURE.

Activities or mission (Part I)

PROPELLER GROWS AND SUPPORTS ENTREPRENEURS TO TACKLE SOCIAL AND ENVIRONMENTAL DISPARITIES.

  • THE 2023 IMPACT ACCELERATOR VENTURES REPORTED $1,610,262 IN REVENUE AND PARTICIPATING ENTREPRENEURS CREATED AND SUSTAINED 33 JOBS IN THE FOUR-MONTH PROGRAM, INCLUDING 23 FULL-TIME, EIGHT PART-TIME AND TWO SEASONAL POSITIONS.

    Expenses $761,750

  • PROPELLER EMPLOYS A MULTI-FACETED ACCESS TO CAPITAL STRATEGY ENCOMPASSING PROGRAMMATIC COMPONENTS AS WELL AS CAPITAL DEPLOYMENT. IN CONNECTION WITH THIS PROGRAM, PROPELLER SERVED 105 BIPOC BUSINESS OWNERS WITH LOAN ADVISING AND PACKAGING, GENERATING FINANCIAL STATEMENTS, AND UNDERSTANDING HOW TO MAKE ACCOUNTING WORK FOR THEIR BUSINESS. PROPELLER MADE 64 INTRODUCTIONS TO LOAN OFFICES, WITH 16 LOAN APPLICATIONS SUBMITTED, AND $830,000 IN LOANS RECEIVED.

    Expenses $451,202

  • INCLUSIVE PROCUREMENT TECHNICAL ASSISTANCE PROGRAM - SIX BIPOC OWNED VENTURES SECURED CONTRACTS TOTALING $2,027,000 THAT RANGED FROM $32,000 TO $600,000 AND AVERAGED $337,833.

    Expenses $214,560

  • ALUMNI PROGRAM - WITH OVER 250 BUSINESSES AND ORGANIZATION IN ITS NETWORK, PROPELLER STRIVES TO PROVIDE CONTINUED SUPPORT AND OPPORTUNITIES TO ENTREPRENEURS AFTER FINISHING THE IMPACT ACCELERATOR PROGRAM. SUPPORT TO ALUMNI VENTURES INCLUDES BUT IS NOT LIMITED TO WORKSHOPS, ROUNDTABLES, COMMUNITY-BUILDING EVENTS, TECHNICAL SUPPORT, AND ACCESS TO NEW NETWORKS BASED ON NEED AND AVAILABLE RESOURCES, WITH RESULTS OF THE PANDEMIC, PROPELLER AIMS TO BUILD OFF OF CURRENT ACTIVITIES TO DEVELOP A MORE ROBUST PROGRAM TO BETTER SERVE OUR ALUMNI

    Expenses $66,450

As filed on the 2023 return.

Listed in Part VII

  • Andrea Chen

    FOUNDER & CEO

    Total calculated
    $176,398
    From this org
    $171,218
    From related orgs
    $0
    Other
    $5,180
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,218
    Bonus
    $0
    Other
    $0
    Deferred
    $4,628
    Nontaxable benefits
    $552
    Filer's total
    $176,398

  • Jessica Allen

    COO

    Total calculated
    $111,071
    From this org
    $101,224
    From related orgs
    $0
    Other
    $9,847
    Hours/week
    40

  • Reuben Teague

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Dr Sheryl Kennedy Haydel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Cedric Grant

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Deirdre Johnson Burel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Ericka Lassair

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Matthew Wisdom

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jonas Chartock

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Paula Estrada De Martin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Adrianne Jackson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Andreanecia Morris

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Peggy Welsh

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Shelina Davis

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Julie Henriquez Aldana

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Kathy Hebert

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Calvin Mackie

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • HUB NOLA PROPELLER SOCIAL INNOVATION INCUBATOR

    OFFICE AND DESK RENTALS · LA · income $0 · assets $0

    Directly controlled by SOCIAL ENTREPRENEURS OF NEW ORLEANS

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.0
Source object
202433209349317608

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