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← NOLA BUSINESS ALLIANCE

Form 990 for tax year 2022

Filed by NOLA BUSINESS ALLIANCE.

Totals

Total revenue
$4,026,850
Total expenses
$5,644,705
Contributions and grants received
$3,394,533
Grants paid
$1,493,025
Program service revenue
$92,050
Investment income
$4,895
Other revenue
$535,372
Total assets, end of year
$4,394,444
Total liabilities, end of year
$502,100
Net assets or fund balances, end of year
$3,892,344
Program services expenses (Part IX)
$4,409,146
Management and general expenses
$1,019,451
Fundraising expenses
$216,108
Program service expenses (Part III)
$4,409,146

Program services were 78.1% 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.

  • 1e · Government grants (contributions)

    $861,940

  • 1f · All other contributions, gifts and grants

    $2,532,593

  • 2a · Program service revenue: PROGRAM SERVICE

    total $92,050 · related or exempt $92,050

  • 3 · Investment income

    total $4,895 · related or exempt $4,895

  • 11a · Other revenue: OTHER

    total $535,372 · related or exempt $535,372

  • 11e · Other revenue, total

    $535,372

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,493,025 · program services $1,493,025

  • 7 · Other salaries and wages

    total $1,885,436 · program services $1,155,613 · management and general $615,705 · fundraising $114,118

  • 12 · Advertising and promotion

    total $364,611 · program services $269,649 · management and general $72,866 · fundraising $22,096

  • 13 · Office expenses

    total $57,786 · program services $39,017 · management and general $14,638 · fundraising $4,131

  • 16 · Occupancy

    total $353,094 · program services $204,010 · management and general $114,394 · fundraising $34,690

  • 17 · Travel

    total $75,550 · program services $57,808 · management and general $14,021 · fundraising $3,721

  • 19 · Conferences, conventions and meetings

    total $296,856 · program services $272,224 · management and general $19,654 · fundraising $4,978

  • 22 · Depreciation, depletion and amortization

    total $30,898 · program services $17,852 · management and general $10,010 · fundraising $3,036

  • 23 · Insurance

    total $32,561 · program services $18,813 · management and general $10,549 · fundraising $3,199

  • 24a · Other expenses: PROFESSIONAL SERVICES

    total $839,450 · program services $741,460 · management and general $75,189 · fundraising $22,801

  • 24b · Other expenses: DATABASE AND RESEARCH

    total $95,732 · program services $88,275 · management and general $7,044 · fundraising $413

  • 24c · Other expenses: SUBSCRIPTIONS

    total $41,478 · program services $17,779 · management and general $23,553 · fundraising $146

  • 24d · Other expenses: STAFF DEVELOPMENT

    total $20,950 · program services $12,938 · management and general $7,641 · fundraising $371

  • 24e · All other expenses

    total $57,278 · program services $20,683 · management and general $34,187 · fundraising $2,408

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,922,945 · end of year $4,225,696

  • 3 · Pledges and grants receivable

    end of year $20,852

  • 4 · Accounts receivable

    beginning of year $519,554 · end of year $49,800

  • 9 · Prepaid expenses and deferred charges

    beginning of year $17,314 · end of year $18,728

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

    $209,445

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

    $150,111

  • 10c · Land, buildings and equipment, net

    beginning of year $75,539 · end of year $59,334

  • 15 · Other assets

    beginning of year $20,034 · end of year $20,034

  • 17 · Accounts payable and accrued expenses

    beginning of year $208,247 · end of year $202,100

  • 24 · Unsecured notes and loans payable

    beginning of year $836,940 · end of year $300,000

  • 27 · Net assets without donor restrictions

    beginning of year $5,510,199 · end of year $3,892,344

Mission and programs · 2022

Mission

CHARGED BY THE CITY OF NEW ORLEANS WITH LEADING THE ECONOMIC RECOVERY AND DEVELOPMENT OF ORLEANS PARISH. THE ORGANIZATION'S FOCUS IS TO GROW THE JOB BASE AND SECURE PRIVATE INVESTMENT FOR ORLEANS PARISH BY ATTRACTING CORPORATIONS FOR RELOCATION, RETAINING EXISTING BUSINESS SUPPORTING EXPANSION OF EXISTING BUSINESSES AND DEVELOP RETAIL GROWTH. THE ORGANIZATION ACCOMPLISHES THIS BY CREATING TRANSPARENCY AND LOWERING THE BARRIERS TO MARKET ENTRY.

  • NOLA BUSINESS ALLIANCE IMPLEMENTATION OF THEIR STRATEGIC NEIGHBORHOOD DEVELOPMENT LAUNCHED A PILOT PROGRAM. THIS PROGRAM HELPS SUPPORT DISINVESTMENT COMMUNITIES OF BUSINESS AND COMMERCIAL CORRIDORS WITHIN SEVEN NEIGHBORHOOD IN ORLEANS PARISH. THE YOUTH DEMONSTRATION PROJECT IS ANOTHER PROGRAM THAT PREPARES AND CONNECTS INDIVIDUALS AGED 16 THROUGH 24 TO QUALITY EMPLOYMENT OPPORTUNITIES IN HIGHER WAGES, DEMAND, AND GROWTH INDUSTRIES. ADVANCING CITIES PROGRAM WORKS WITH MULTI-AGENCY COLLABORATIVE AGENCIES AND COMMUNITY STAKEHOLDERS TO DEVELOP INVESTMENT STRATEGIES IN THE BURGEONING BLUE-GREEN INFRASTRUCTURE INDUSTRY.

    Expenses $4,409,146 · Grants $1,493,025 · Revenue $92,050

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Normal Barnum

    PRESIDENT/CE

    Total calculated
    $261,969
    From this org
    $261,969
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $261,969
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $261,969

  • Jeanette Weiland

    VP BIO INNOV

    Total calculated
    $125,000
    From this org
    $125,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Lynette White-Colin

    SENIOR VP SM

    Total calculated
    $118,193
    From this org
    $118,193
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Gregory Lawson

    SER. VP' SND

    Total calculated
    $106,267
    From this org
    $106,267
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Latoya Cantrell

    MAYOR CITY O

    Total calculated
    $0
    Hours/week
    2

  • Jean-Guy Celestin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Andrea Chen

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Gregory Curtis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Kim Boyle Esq

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Noah Kressler Esq

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Susan Talley Esq

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Henry Coaxum Jr

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Steven Kennedy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Thomas Mabon

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Gilbert Montano

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Helena Moreno

    COUNCILMEMBE

    Total calculated
    $0
    Hours/week
    2

  • R Erich Caulfield PhD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Richard Tallant

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Guy Williams

    BOARD MEMBER

    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

None.

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
25 October 2023
IRS schema version
2022v5.0
Source object
202302989349301120

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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