2024-11-15T12:42:29-07:00 2023-12-31 300156143 LUTHER SPEIGHT & COMPANY LLC 1100 POYDRAS STREET SUITE 1225 NEW ORLEANS LA 70163 990 2023-01-01 263223585 SOCIAL ENTREPRENEURS OF NEW ORLEANS SOCI 5043223282 4035 WASHINGTON AVE NEW ORLEANS LA 70125 ANDREA CHEN FOUNDER/CEO 5043223282 2024-11-14 1 1 LUTHER SPEIGHT P02172994 5045618600 2024-10-28 2023 2024-10-15 13:58:12Z PROPELLER A FORCE FOR SOCIAL INNOVATION ANDREA CHEN 4035 WASHINGTON AVENUE NEW ORLEANS LA 70125 3428613 0 X WWW.GOPROPELLER.ORG X 2008 LA PROPELLER GROWS AND SUPPORTS ENTREPRENEURS TO TACKLE SOCIAL AND ENVIRONMENTAL DISPARITIES. 15 15 14 0 19010 0 1890321 3256259 0 0 0 1383 340149 170971 2230470 3428613 130000 0 0 0 1193026 1212567 10000 0 190954 648725 988191 1981751 2200758 248719 1227855 3696983 4892157 1552999 1520318 2143984 3371839 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 761750 0 0 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. 451202 0 0 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. 214560 0 0 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. 66450 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 66450 0 0 1493962 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 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 59 0 1 14 1 1 1 0 0 0 0 0 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 171218 0 5180 JESSICA ALLEN COO 40 0 X 101224 0 9847 REUBEN TEAGUE BOARD MEMBER 2 0 X 0 0 0 DR SHERYL KENNEDY HAYDEL BOARD MEMBER 2 0 X 0 0 0 CEDRIC GRANT BOARD MEMBER 2 0 X 0 0 0 DEIRDRE JOHNSON BUREL 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 JONAS CHARTOCK BOARD MEMBER 2 0 X 0 0 0 PAULA ESTRADA DE MARTIN BOARD MEMBER 2 0 X 0 0 0 ADRIANNE JACKSON BOARD MEMBER 2 0 X 0 0 0 ANDREANECIA MORRIS BOARD MEMBER 2 0 X 0 0 0 PEGGY WELSH 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 KATHY HEBERT TREASURER 2 0 X 0 0 0 CALVIN MACKIE SECRETARY 2 0 X 0 0 0 272442 0 15027 2 0 1 0 THRIVE NEW ORLEANS 1433 NORTH CLAIBORNE AVENUE NEW ORLEANS LA 70116 GRANT 179750 1 0 29060 0 0 350550 2876649 0 3256259 0 1383 1383 0 0 0 0 0 0 0 0 0 0 149358 0 0 0 149358 0 149358 130348 19010 0 0 0 0 21613 21613 0 0 21613 3428613 153344 19010 0 X 0 0 1056974 768473 127501 161000 78987 59729 9110 10148 76606 55377 9636 11593 334 334 17600 17600 458568 417214 38329 3025 23715 1950 21765 82765 73794 4948 4023 27492 26117 1375 55625 55625 0 33590 13326 20264 54768 54768 60479 60479 15562 15562 FEES, TAXES & ASSESSMENTS 29318 0 29318 0 REPAIRS & MAINTENANCE 4594 4594 0 0 DUES & SUBSCRIPTIONS 15494 15494 0 0 ACCRUED GRANT EXPENSE 100500 0 100500 0 7787 2269 4353 1165 2200758 1493962 515842 190954 1053805 1374622 354921 693232 49365 556656 11797 16465 2174725 181151 1998625 1993574 228470 257608 3696983 4892157 270844 168658 109404 101402 1153767 1229759 18984 20499 1552999 1520318 X 1025605 1006168 1118379 2365671 2143984 3371839 3696983 4892157 1227855 0 0 0 0 0 X 0 1 X 1 0 X 2590385 2032445 1448087 1902609 3359719 11333245 2590385 2032445 1448087 1902609 3359719 11333245 4677704 6655541 697 1683 10797 6677 31738 51592 17005 5061 2221 810 19010 44107 0 0 0 320374 18146 338520 11767464 229105 0.56559 0.51031 X Schedule A, Part II, Line 10 INSURANCE PROCEEDS AND MISC REFUNDS RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 228470 0 30335 0 1197 0 257608 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 1 0 0 0 0 485000 485000 0 1640397 167176 1473221 0 0 0 0 0 0 0 0 0 49328 13975 35353 1993574 0 PAYROLL TAXES 20499 20499 X 3428613 0 0 0 0 0 3428613 0 0 0 3428613 2200758 0 0 0 0 0 2200758 0 0 0 2200758 Schedule D, Part V, Line 4 THE ORGANIZATION MAINTAINS A PERMANENT ENDOWMENT FUND TO GENERATE THE 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 50l(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 I.R.S. 47: 121(5). The Organization has processes presently in place to ensure the maintenance of its tax-exempt status; to identify and report umelated 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. The Organization has determined that there are no material uncertain tax positions that require recognition or disclosure in the consolidated financial statements. X X X X 0 0 0 0 0 0 0 0 0 ANDREA CHEN FOUNDER & CEO 171218 0 0 0 0 0 4628 0 552 0 176398 0 180468 0 STEPHANIE AND DAVID FORMER BOARD MEMBERS SECOND MORTGAGE X 136000 101403 0 1 1 101403 Form 990, Part VI, Section B, Line 11b AFTER VIEWING THE FORM 990, THE BOARD VOTES TO APPROVE ITS SUBMITTAL TO THE INTERAL REVENUE SERVICE. Form 990, Part VI, Section B, Line 12c ON AN ANNUAL BASIS, BOARD MEMBERS AND THE CEO/EXECUTIVE DIRECTOR DISCLOSE AND SIGN AN UPDATED CONFLICT OF INTEREST FORM. ANY NOTED CONFLICTS WILL BE CAUSE FOR A PERSON TO RECUSE THEMSELVES FROM THE VOTING ON THE ISSUE CAUSING CONFLICT. Form 990, Part VI, Section B, Line 15 THE COMPENSATION OF THE CEO/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 IS MADE AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENTS AND FORM 990 ARE ALSO MADE AVAILABLE ON THE ORGANIZATION'S WEBSITE. Form 990, Part IX, Line 11g THIS LINE ITEM CONSIST OF COST RELATED TO HUMAN RESOURCE CONSULTANTS AND SUBJECT MATTER EXPERTS. 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 SUBMITTED A REQUEST FOR AN AUTOMATIC EXTENSION OF TIME TO FILE PRIOR TO THE DEADLINE ESTABLISHED BY THE INTERNAL REVENUE SERVICE.