2023-10-06T12:13:49-07:00 2022-12-31 300156143 Luther Speight & Company 1100 Poydras Street Suite 1225 New Orleans LA 70163 990 2022-01-01 263223585 SOCIAL ENTREPRENEURS OF NEW ORLEANS SOCI 5043223282 4035 WASHINGTON AVE NEW ORLEANS LA 70125 ANDREA CHEN CO-FOUNDER/CEO 5043223282 2023-07-18 1 1 Luther Speight P02172994 5045618600 2023-05-30 1 11 1 AAL2 X 2022 2023-04-26 12:10:37Z PROPELLER A FORCE FOR SOCIAL INNOVATION ANDREA CHEN 4035 WASHINGTON AVE NEW ORLEANS LA 70125 2230470 0 X WWW.GOPROPELLER.ORG X 2008 LA PROPELLER GROWS AND SUPPORTS ENTREPRENEURS TO TACKLE SOCIAL AND ENVIRONMENTAL DISPARITIES. 15 15 17 9 0 0 1389655 1890321 0 0 10797 0 58432 340149 1458884 2230470 0 130000 0 0 1218172 1193026 0 10000 218993 648142 648725 1866314 1981751 -407430 248719 3181894 3696983 1579719 1552999 1602175 2143984 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. 0 0 1025034 0 0 IMPACT ACCELERATOR PROGRAM - PROPELLER'S IMPACT ACCELERATOR IS AN INTERACTIVE 4-MONTH ACCELERATOR PROGRAM THAT PROVIDES STARTUP AND GROWTH ENTREPRENEURS WITH COACHING, COMMUNITY BUILDING, CURRICULUM, AND TECHNICAL ASSISTANCE. OUR PROGRAM ENABLES ENTREPRENEURS TO BUILD VENTURES THAT ARE GROUNDED IN FINANCIAL VIABILITY, SOCIAL IMPACT, RACIAL EQUITY, AND A DEMONSTRATED COMMITMENT TO THE PROSPERITY OF OUR CITY AND REGION. 274482 0 0 PROPELLER EMPLOYS A MULTI-FACETED ACCESS TO CAPITAL STRATEGY ENCOMPASSING PROGRAMMATIC COMPONENTS AS WELL AS CAPITAL DEPLOYMENT. IN ADDITION TO CURRICULUM DELIVERED THROUGH THE IMPACT ACCELEREATOR, THE PROPELLER TEAM ALSO DELIVERS FREE AND OPEN-TO-THE-PUBLIC FINANCIAL WELLNESS PROGRAMMING. THIS IS DONE THROUGH A COMBINATION OF GROUP WORKSHOPS AND FOLLOW-ON 1:1 INDIVIDUAL SUPPORT TO HELP DISADVANTAGED ENTREPRENEURS IMPROVE THEIR BUSINESS'S FINANCIAL WELLNESS. WORKSHOP TOPICS ENCOMPASS ACCOUNTING FUNDAMENTALS, UNDERSTANDING FINANCIAL STATEMENTS FOR MANAGERIAL PURPOSES, AND DEBT PREPARATION/MANAGEMENT. INDIVIDUALIZED ASSISTANCE INCLUDES ASSEMBLING AND ANALYZING FINANCIAL STATEMENTS, CREATING BUDGETS AND PROJECTIONS AS WELL AS PREPARING LOAN PACKAGES. 64136 0 0 ALUMNI PROGRAM - WITH OVER 250 BUSINESSES AND ORGANIZATIONS IN ITS NETWORK, PROPELLER STRIVES TO PROVIDE CONTINUING SUPPORT AND OPPORTUNITIES TO ENTREPRENEURS AFTER FINISHING THE IMPACT ACCELERATOR PROGRAM. SUPPORT TO ALUMNI VENTURES MAY INCLUDE BUT IS NOT LIMITED TO WORKSHOPS, ROUNDTABLES, COMMUNITY-BUILDING EVENTS, TECHNICAL SUPPORT, AND ACCESS TO NEW NETWORKS BASED ON NEED AND AVAILABLE RESOURCES. WITH RESULT OF THE PANDEMIC, PROPELLER AIMS TO BUILD OFF OF CURRENT ACTIVITIES TO DEVELOP A MORE ROBUST PROGRAM TO BETTER SERVE OUR ALUMNI. 0 0 0 1363652 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 52 0 1 17 1 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X ANDREA CHEN 5043223282 4035 WASHINGTON AVE NEW ORLEANS LA 70125 ANDREA CHEN FOUNDER & CEO 40 0 X 168868 0 0 DEIRDRE JOHNSON BUREL BOARD MEMBER 0.50 0 X 0 0 0 PAULA ESTRADA DE MARTIN BOARD MEMBER 0 0 X 0 0 0 JONAS CHARTOCK BOARD MEMBER 0.50 0 X 0 0 0 REUBEN TEAGUE BOARD MEMBER 0.5 0 X 0 0 0 ADRIANNE JACKSON BOARD MEMBER 0.5 0 X 0 0 0 CEDRIC GRANT BOARD MEMBER 0.5 0 X 0 0 0 PEGGY WALSH BOARD MEMBER 0.5 0 X 0 0 0 DR SHERYL KENNEDY HAYDEL BOARD MEMBER 0.5 0 X 0 0 0 ERICKA LASSAIR BOARD MEMBER 0.5 0 X 0 0 0 REUBEN TEAGUE BOARD MEMBER 0.5 0 X 0 0 0 MATT WISDOM BOARD MEMBER 0.5 0 X 0 0 0 CALVIN MACKIE SECRETARY 0.50 0 X 0 0 0 KATHY HEBERT CPA TREASURER 0 0 X 0 0 0 SHELINA DAVIS CHAIR 0.5 0 X 0 0 0 JULIE HENRIQUEZ ALDANA VICE CHAIR 0.5 0 X 0 0 0 168868 0 0 1 0 1 0 THRIVE NEW ORLEANS 1433 NORTH CLAIBORNE AVENUE NEW ORLEANS LA 70116 GRANT 120000 1 0 1632 0 0 231250 1657439 0 1890321 0 13032 0 0 0 13032 0 13032 13032 0 0 0 0 0 327117 327117 0 0 327117 2230470 340149 0 0 X 130000 130000 168867 122657 16846 29364 857505 622849 85545 149111 23259 16746 3024 3489 70503 50697 9412 10394 72892 52904 7313 12675 3332 2957 375 0 17150 15218 1932 0 0 0 0 0 10000 10000 1189 987 190 12 303877 250926 49948 3003 6033 1100 4933 0 50441 27023 22473 945 68936 23936 45000 0 8047 7360 687 0 53324 0 53324 0 34113 0 34113 0 16906 0 16906 0 REPAIRS & MAINTENANCE 21976 20316 1660 0 PROPERTY TAXES 13384 0 13384 0 PRIZES 17500 17500 0 0 BANK CHARGES 1925 476 1449 0 30592 30592 1981751 1363652 399106 218993 857779 1053805 503950 354921 226870 49365 8626 11797 2119296 120671 1323509 1998625 260250 228470 910 3181894 3696983 33313 270844 117329 109404 1410347 1153767 18730 18984 1579719 1552999 X 510596 1025605 1091579 1118379 1602175 2143984 3181894 3696983 248719 0 0 0 293090 0 X 0 1 X 1 0 X 1667820 2590385 2032445 1448087 1902609 9641346 1667820 2590385 2032445 1448087 1902609 9641346 4527063 5114283 619 697 1683 10797 6677 20473 9133 17005 5061 2221 810 34230 5420 0 0 0 320374 325794 10021843 264111 0.51031 0.62412 X Schedule A, Part II, Line 10 ERTC, CONSULTING REVENUE AND MISC INCOME RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 260250 0 -30592 0 1188 0 228470 0 260250 0 0 0 0 260250 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 485000 485000 0 1601160 111362 1489798 0 0 0 0 0 0 0 0 0 33136 9309 23827 1998625 0 PAYROLL LIABILITY 18984 18984 X 2230470 0 0 0 0 0 2230470 0 0 0 2230470 1981751 0 0 0 0 0 1981751 0 0 0 1981751 Schedule D, Part V, Line 4 THE ORGANIZATION MAINTAINS A PERMANENT ENDOWMENT FUND TO GENERATE ANNUAL INVESTMENT INCOME TO INITIATE, FINANCE AND, SUSTAIN ITS PROGRAMS. Schedule D, Part X, Line 2 PROPELLER IS A NOT-FOR-PROFIT CORPORATION ORGANIZED UNDER THE LAWS OF THE STATE OF LOUISIANA. IT IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND QUALIFIES AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION AS DEFINED IN SECTION 509(A) OF THE CODE. IT IS ALSO EXEMPT FROM LOUISIANA INCOME TAX UNDER THE AUTHORITY OF R.S. 47:121(5). HUB NOLA IS A WHOLLY-OWNED DISREGARDED ENTITY OF PROPELLER FOR INCOME TAX PURPOSES. AS SUCH, THERE IS NO SEPARATE TAX RETURN REQUIRED. THE ORGANIZATION HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS: TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. 1 THRIVE NEW ORLEANS 1433 NORTH CLAIBORNE AVENUE NEW ORLEANS LA 70116 261824498 100000 0 NA THE OBJECTIVE OF THIS GRANT IS TO HELP SMALL BUSINESS OWNERS TO ADDRESS THE COMMON BARRIERS OF ACCESSING CAPITAL, INCLUDING CREDIT SCORES BELOW LENDER THRESHOLDS, INCOMPLETE OR INACCURATE FINANCIAL STATEMENTS, INCOMPLETE OR INACCURATE TAX FILINGS, AND INSUFFICIENT INTERNAL ACCOUNTING SYSTEMS. XAVIER UNIVERSITY 1 DREXEL DRIVE NEW ORLEANS LA 70125 720635884 30000 0 NA THE GRANT WAS PROVIDED TO SUPPORT RESEARCH ON THE IMPACTS OF COVID-19 ON SCHOOL FEEDING OPERATIONS; DETERMINE THE STEPS TAKEN BY ORLEANS PARISH SCHOOLS TO ENSURE THE CONTINUATION OF SCHOOL-BASED FEEDING PROGRAMS DURING COVID-19; ASSESS CHANGES IN MEAL COUNTS AND NUTRITIONAL QUALITY OF MEALS; AND TO COMPILE RECOMMENDATIONS AND BEST PRACTICES TO PREPARE SCHOOLS, FOOD SERVICE MANAGEMENT COMPANIES, AND RELEVANT AGENCIES FOR FUTURE CRISES. FUND 17 2533 COLUMBUS STREET SUITE 101 NEW ORLEANS LA 70119 70000 0 CASH NA THE PROJECT, IN COORDINATION WITH THRIVE NEW ORLEANS ("THRIVE") AND FUND 17, AIMS TO HELP BIPOC SMALL BUSINESS OWNERS ADDRESS COMMON BARRIERS TO ACCESSING CAPITAL, INCLUDING CREDIT SCORES BELOW LENDER THRESHOLDS, INCOMPLETE OR INACCURATE FINANCIAL STATEMENTS, INCOMPLETE OR INACCURATE TAX FILINGS, AND INSUFFICIENT INTERNAL ACCOUNTING SYSTEMS. RECIPIENTS WILL LAUNCH TWO PARALLEL SETS OF ACTIVITIES: 1) WORKSHOP SESSIONS DESIGNED AROUND CORE FINANCIAL MANAGEMENT CONCEPTS, AND 2) 1:1 EXPERT CONSULTING/COACHING PROVIDED TO SMALL BUSINESS OWNERS TO ASSIST WITH SPECIFIC LOAN PACKAGE COMPONENTS. THE ACTIVITIES WILL FOCUS ON KEY TOPICS (E.G. TAX FILING AND PREPARATION, BUSINESS CERTIFICATIONS, QUICKBOOKS TRAINING, CREDIT BUILDING AND COUNSELING, FINANCIAL MANAGERIAL ACCOUNTING, DEBT PREPAREDNESS AND MANAGEMENT, AND PREPARATION OF LOAN PACKAGE. 3 0 Schedule I, Part I, Line 2 GRANTEES PROVIDE QUARTERLY REPORTS DEMONSTRATING THEIR PROGRESS TOWARDS MEETING PROGRAM OBJECTIVES. PROGRAM MANAGERS REVIEW REPORTS AND ACKNOWLEDGE THAT ALL REQUIREMENTS ARE MET PRIOR TO ADDITIONAL DISBURSEMENTS ARE APPROVED. X X X 0 0 0 0 0 0 0 0 0 ANDREA CHEN CEO 168868 0 0 0 0 0 4950 0 6650 0 180468 0 0 0 STEPHANIE AND DAVID BARKSDALE FORMER BOARD CHAIR SECOND MORTGAGE X 136000 109404 0 1 1 109404 Form 990, Part VI, Section B, Line 11b THE BOARD REVIEWS AND VOTES TO APPROVE THE 990. Form 990, Part VI, Section B, Line 12c ANNUALLY, BOARD MEMBERS AND THE CEO/EXECUTIVE DIRECTOR DISCLOSE AND SIGN AN UPDATED CONFLICT OF INTEREST FORM. ANY NOTED CONFLICTS WILL CAUSE A PERSON TO RECUSE HIMSELF/HERSELF FROM VOTING ON THE ISSUE CAUSING THE CONFLICT. Form 990, Part VI, Section B, Line 15 THE CEO/EXECUTIVE DIRECTOR COMPENSATION WAS DETERMINED BY REVIEWING COMPARABLE SALARIES OF CEO'S FOR ORGANIZATIONS OF SIMILAR SIZE, MISSION, BUDGET, AND GEOGRAPHY. OTHER STAFF COMPENSATION IS DETERMINED THROUGH A FORMAL STUDY AND DATA FROM VARIOUS SOURCES BASED ON JOB FUNCTION AND RESPONSIBILITIES, ORGANIZATION SIZE, AND BUDGET. Form 990, Part VI, Section C, Line 19 ALL INFORMATION IS AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENTS AND FORM 990 ARE ALSO AVAILABLE ON THE WEBSITE. Form 990, Part IX, Line 11g THIS LINE ITEM REPRESENTS COSTS FOR VARIOUS PROGRAM CONSULTING SERVICES HUB NOLA PROPELLER SOCIAL INNOVATION INCUBATOR 4305 WASHINGTON AVENUE NEW ORLEANS LA 70125 452858038 OFFICE AND DESK RENTALS LA 0 0 SOCIAL ENTREPRENEURS OF NEW ORLEANS THE ORGANIZATION FILED FOR AN AUTOMATIC EXTENSION PRIOR TO THE ESTABLISHED DEADLINE.