2025-10-08T12:16:57-07:00 2024-12-31 300156143 LUTHER SPEIGHT & COMPANY LLC CERTIFIED PUBLIC ACCOUNTANTS & CONSULTANTS 1100 POYDRAS STREET SUITE 1225 NEW ORLEANS LA 70163 990 2024-01-01 263223585 SOCIAL ENTREPRENEURS OF NEW ORLEANS SOCI 5043223282 4035 WASHINGTON AVE NEW ORLEANS LA 70125 KIM RAMSEY TREASURER 5043223282 2025-10-08 1 1 LUTHER SPEIGHT CPA P02172994 5045618600 2025-09-15 2024 2025-03-06 01:10:19Z PROPELLER A FORCE FOR SOCIAL INNOVATION JESSICA ALLEN 4035 WASHINGTON AVENUE NEW ORLEANS LA 70125 2597997 0 X WWW.GOPROPELLER.ORG X 2008 LA PROPELLER GROWS AND SUPPORTS ENTREPRENEURS TO TACKLE SOCIAL AND ENVIRONMENTAL DISPARITIES. 12 12 16 0 0 5552 3256259 2138829 0 0 1383 52061 170971 407107 3428613 2597997 0 526476 0 0 1212567 1483236 0 0 327149 988191 680180 2200758 2689892 1227855 -91895 4892157 5039950 1520318 1760006 3371839 3279944 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 174904 0 0 THE 2024 INCLUSIVE PROCUREMENT TECHNICAL ASSISTANCE PROGRAM SUPPORTED 13 VENTURES IN SECURING 72 CONTRACTS TOTALING $9,608,326, RANGING FROM $4,000 TO $2MM, AND AVERAGING $133,448.97 AND PARTICIPATING ENTREPENEURS CREATED AND/OR RETAINED 99 JOBS. 423439 0 0 THE 2024 IMPACT ACCELERATOR VENTURES REPORTED EARNED/COMMITTED REVENUE TOTALING $2,173,775 AND PARTICIPATING ENTREPRENEURS CREATED AND/OR RETAINED 34 JOBS. 704448 0 0 THE 2024 ACCESS TO CAPITAL PROGRAMMING PROVIDED INTRODUCTIONS TO 31 LOAN OFFICERS WHICH RESULTED IN $1,785,000 IN DEBT CAPITAL RECEIVED BY ENTREPRENEURS. 72795 0 0 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 90898 0 0 EDUCATION PROGRAM 440092 0 0 FACILITY PROGRAM 603785 0 0 1906576 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 36 0 1 16 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X ELIZABETH EUMONT 5044534385 4035 WASHINGTON AVE NEW ORLEANS LA 70125 ANDREA I CHEN FOUNDER & CEO 40 0 X 183231 0 0 JESSICA ALLEN CHIEF EXECUTIVE OFFICER 40 0 X 134978 0 0 ELIZABETH EUMONT CHIEF FINANCIAL OFFICER 40 0 X 110343 0 0 DR SHERYL KENNEDY HAYDEL BOARD MEMBER 2 0 X 0 0 0 ERICKA LASSAIR BOARD MEMBER 2 0 X 0 0 0 MATTHEW WISDOM BOARD MEMBER 2 0 X 0 0 0 KIM RAMSEY BOARD MEMBER 2 0 X 0 0 0 REUBEN TEAGUE BOARD MEMBER 2 0 X 0 0 0 ROCHELLE WILCOX BOARD MEMBER 2 0 X 0 0 0 ANDREA ZAYAS BOARD MEMBER 2 0 X 0 0 0 JUSTIN WOODS BOARD MEMBER 2 0 X 0 0 0 SHELINA DAVIS CHAIR 2 0 X 0 0 0 JULIE HENRIQUEZ ALDANA VICE CHAIR 2 0 X 0 0 0 DEIRDRE JOHNSON BUREL SECRETARY 2 0 X 0 0 0 CEDRIC GRANT TREASURER 2 0 X 0 0 0 428552 0 0 3 0 1 0 0 0 49852 0 0 314863 1774114 0 2138829 0 0 0 0 0 52061 52061 0 0 0 0 0 0 0 0 0 0 194360 0 0 0 194360 0 194360 194360 0 0 0 0 0 212747 102162 0 110585 212747 2597997 348583 0 110585 X 526476 526476 428553 244275 98567 85711 846431 477603 192660 176168 115991 77827 19611 18553 92261 52634 20560 19067 2329 2124 138 67 16510 15059 979 472 202668 138550 43259 20859 34617 9098 25519 47098 38377 3247 5474 1337 1220 79 38 58896 58896 0 0 13560 9436 4124 79112 79112 64651 64651 95937 79527 16410 BANK & CC FEES 9002 3267 5450 285 MEMBERSHIP DUES 17624 0 17624 0 REPAIRS & MAINTENANCE 23215 23215 0 0 MISCELLANEOUS EXPENSES 13624 5229 7940 455 2689892 1906576 456167 327149 1374622 741581 693232 1122371 556656 588596 16465 30990 2215728 245802 1993574 1969926 257608 586486 4892157 5039950 168658 206475 308334 101402 1229759 1222389 20499 22808 1520318 1760006 X 1006168 586033 2365671 2693911 3371839 3279944 4892157 5039950 -91895 0 0 0 0 0 X 0 1 X 1 0 X 2032445 1448087 1902609 3359719 2138829 10881689 2032445 1448087 1902609 3359719 2138829 10881689 4182312 6699377 1683 10797 6677 31738 52061 102956 5061 2221 810 19010 23293 50395 0 0 320374 18146 407107 745627 11780667 194835 0.56868 0.56559 X Schedule A, Part II, Line 10 OTHER INCOME INCLUDE INSURANCE PROCEEDS, MEMBERSHIP DUES & MAILBOX RENTALS RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 485000 485000 0 1658066 226839 1431227 0 0 0 0 0 72662 18963 53699 0 0 0 0 1969926 0 PAYROLL TAXES 22808 22808 2597997 0 0 0 0 0 2597997 0 0 0 2597997 2689892 0 0 0 0 0 2689892 0 0 0 2689892 1 NEW ORLEANS STARTUP FUND 365 CANAL STREET SUITE 2300 NEW ORLEANS LA 70130 271126668 501C3 138142 0 CASH VALUE NA PARTNERSHIP IN THE IMPLEMENTATION OF PROGRAMMING TO SUPPORT ENTREPRENEURS IN ACCESSING EQUITY CAPITAL. FUND 17 2533 COLUMBUS STREET SUITE 101 NEW ORLEANS LA 70119 461492881 501C3 194167 0 CASH VALUE NA PROGRAM IMPLEMENTATION PARTNER FOR FINANCIAL WELLNESS COLLABORATIVE, WHICH SUPPORTS ENTREPRENEURS IN ACCESS DEBT CAPITAL. THRIVE NEW ORLEANS 1433 NORTH CLAIBORNE AVENUE NEW ORLEANS LA 70116 261824498 501C3 194167 0 CASH VALUE NA PROGRAM IMPLEMENTATION PARTNER FOR FINANCIAL WELLNESS COLLABORATIVE, WHICH SUPPORTS ENTREPRENEURS IN ACCESSING DEBT CAPITAL. 3 0 Schedule I, Part I, Line 2 PROPELLER MAINTAINS DETAILED RECORDS TO SUBSTANTIATE ALL GRANT PAYMENTS TO ENSURE COMPLIANCE WITH THE TERMS OF EACH SUBAWARD. ALL SUBRECIPIENTS SIGN A FORMAL GRANT AGREEMENT THAT OUTLINES THE AUTHORIZED USE OF FUNDS, REPORTING REQUIREMENTS AND PERFORMANCE OBJECTIVES. SUBRECIPIENTS SUBMIT PERIODIC PROGRAMMATIC REPORTS, WHICH ARE EVALUATED BY OUR PROGRAM STAFF FOR COMPLIANCE AND PROGRESS TOWARDS GRANT GOALS. WHEN ISSUES OR NON-COMPLIANCE ARE IDENTIFIED DURING THE REVIEW, STAFF PROVIDES ASSISTANCE AND REQUIRES THE SUBRECIPIENT TO TAKE CORRECTIVE ACTION.OUR STAFF FOLLOWS UP TO ENSURE ISSUES ARE RESOLVED PROMPTLY. X X X 0 0 0 0 0 0 0 0 0 ANDREA I CHEN FOUNDER & CEO 183231 0 0 0 0 0 0 0 0 0 183231 0 176398 0 Form 990, Part VI, Section B, Line 11b THE DRAFT FORM 990 IS PROVIDED TO BOARD MEMBERS FOR REVIEW. ALL QUESTIONS, EDITS AND NOTES TO THE FORM ARE ADDRESSED PRIOR TO SUBMITTING THE FORM 990. Form 990, Part VI, Section B, Line 12c THE CONFLICT-OF-INTEREST POLICY IS REVIEWED ANNUALLY. BOTH STAFF AND BOARD MEMBERS ARE REQUIRED TO COMPLETE DISCLOSURE FORMS. THE GOVERNANCE COMMITTEE REVIEWS THE BOARD'S CONFLICT-OF-INTEREST DISCLOSURES, AND THE CEO REVIEWS THE STAFF DISCLOSURE. Form 990, Part VI, Section B, Line 15 THE COMPENSATION OF THE CEO/FOUNDER/EXECUTIVE DIRECTOR WAS DETERMINED BY REVIEWING COMPARABLE SALARIES OF CEO'S FOR ORGANIZATIONS OF SIMILAR SIZE, MISSION, BUDGET AND GEOGRAPHY. OTHER STAFF COMPENSATION IS DETERMINED THROUGH 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 REQUIRED INFORMATION CONTINUES TO BE MADE AVAILABLE UPON RECEIPT OF WRITTEN REQUEST. THE FINANCIAL STATEMENTS AND FORM 990 ARE ALSO MADE AVAILABLE ON THE ORGANIZATION'S WEBSITE. Form 990, Part IX, Line 11g OTHER COSTS RELATED TO CONTRACT LABOR SERVICES RECEIVED. 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 OF TIME TO FILE THE FORM 990 PENDING THE COMPLETION OF THEIR ANNUAL FINANCIAL STATEMENT AUDIT.