2022-11-11T14:14:46-07:00 2021-12-31 300156143 Luther Speight & Company 1100 Poydras Street Suite 1225 New Orleans LA 70163 990 2021-01-01 263223585 SOCIAL ENTREPRENEURS OF NEW ORLEANS SOCI 5043223282 4035 WASHINGTON AVE NEW ORLEANS LA 70125 ANDREA CHEN CEO/EXECUTIVE DIRECTOR 5043223282 2022-09-19 1 Luther Speight P02172994 5045618600 2022-09-19 1 11 1 AAL2 X 2021 2022-09-23 18:48:47Z PROPELLER A FORCE FOR SOCIAL INNOVATION ANDREA CHEN 4035 WASHINTON AVE NEW ORLEANS LA 70125 1458884 0 X WWW.GOPROPELLER.ORG X 2008 LA PROPELLER GROWS AND SUPPORTS ENTREPRENEURS TO TACKLE SOCIAL AND ENVIRONMENTAL DISPARITIES. 9 9 17 9 2261 0 2032455 1389655 138841 0 1683 10797 0 58432 2172979 1458884 0 0 0 0 870387 1218172 0 0 190407 735911 648142 1606298 1866314 566681 -407430 3404183 3181894 1394578 1579719 2009605 1602175 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 1089621 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. 91712 0 0 SOCIAL VENTURE FUND - PROPELLER'S SOCIAL VENTURE FUND IS A $1 MILLION LOAN FUND THAT PROVIDES LOANS BETWEEN $20,000 AND $100,000 TO ENTREPRENEURS OF COLOR IN THE BROAD STREET COMMERCIAL CORRIDOR, AS WELL AS BUSINESSES AND NONPROFITS TACKLING DISPARITIES IN THE AREAS OF FOOD, WATER, HEALTH, EDUCATION, AND COMMUNITY ECONOMIC DEVELOPMENT. 0 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 1181333 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 68 0 1 17 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 X ANDREA CHEN 5043223282 4035 WASHINGTON AVE NEW ORLEANS LA 70125 ANDREA CHEN CEO 40 X 178870 0 10201 DEIRDRE JOHNSON BUREL BOARD MEMBER 0.5 X 0 0 0 CALVIN MACKIE SECRETARY 0.5 X 0 0 0 PAULA ESTRADA DE MARTIN BOARD MEMBER 0.5 X 0 0 0 KATHY HEBERT TREASURER 0.5 X X 0 0 0 PEGGY WELSH VICE CHAIR 0.5 X X 0 0 0 AVA ROGERS BOARD MEMBER 0.5 X 0 0 0 ANDREANECIA MORRIS CHAIR 0.5 X X 0 0 0 JONAS CHARTOCK BOARD MEMBER 0.5 X X 0 0 0 SHELINA DAVIS BOARD MEMBER 0 X 0 0 0 JULIE HENRIQUEZ BOARD MEMBER 0 X 0 0 0 REUBEN TEAGUE BOARD MEMBER 0 X 0 0 0 178870 0 10201 1 0 1 0 0 0 28045 0 0 112500 1249110 0 1389655 0 10797 0 0 10797 0 0 0 0 0 0 0 0 58432 0 0 0 58432 0 58432 56171 2261 0 0 0 0 0 1458884 56171 2261 10797 X 0 0 0 0 0 0 0 0 178870 112688 53661 12521 0 0 0 0 871347 679216 96831 95300 0 0 0 0 92083 70679 12458 8946 75872 56619 11440 7813 0 0 0 0 24538 0 24538 0 35501 0 35501 0 0 0 0 0 0 0 0 0 0 261791 129526 66683 65582 13853 12646 1207 23985 19007 4733 245 112560 87281 25279 53184 53184 34016 34016 16018 16018 BOARD EXPENSES 38161 0 38161 0 OTHER EXPENSES 17001 13671 3330 0 SUBSCRIPTION 17534 0 17534 0 0 1866314 1181333 494574 190407 831273 857779 558934 503950 655000 226870 5400 8551 8626 1357525 34016 1345025 1323509 260250 910 3404183 3181894 37516 33313 124971 117329 1204939 1410347 27152 18730 1394578 1579719 X 590399 510596 1419206 1091579 2009605 1602175 3404183 3181894 -407430 0 0 0 0 0 X X 0 1 X 1 0 X 1908891 1667820 2590385 2032445 1448087 9647628 1908891 1667820 2590385 2032445 1448087 9647628 3541560 6106068 606 619 697 1683 10797 14402 37845 9133 17005 5061 2221 71265 44742 5420 0 0 0 50162 9783457 382331 0.62412 0.4825 X Schedule A, Part II, Line 10 Other Income RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 260250 10797 0 0 0 271047 0 0 0 0 0 0 0 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 854822 31392 823430 0 0 0 0 0 0 0 0 0 17703 2624 15079 1323509 0 PAYROLL LIABILITIES 18730 18730 X 1458884 0 0 0 0 0 1458884 0 0 0 1458884 1866314 0 0 0 0 0 1866314 0 0 0 1866314 Schedule D, Part V, Line 4 The endowment fund generates annual investment income for the organization 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. X X X X X 0 0 0 0 0 0 0 0 0 ANDREA CHEN CEO 160000 0 15000 0 0 0 3870 0 10202 0 189072 0 0 0 STEPHANIE AND DAVID BARKSDALE BOARD CHAIR AND FAMILY MEMBER SECOND MORTGAGE FOR PURCHASE OF FACILITY AT 4035 WASHINGTON AVE X 136000 117329 0 1 1 117329 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 Contractor and Professional Fees Form 990, Part IX, Line 24e BOARD EXPENSE, FEES, TAXES, ASSESSMENTS, REPAIRS & MAINTENANCE, SUBSCRIPTIONS & DUES, SUPPLIES, UTILTIES Form 990, Part XII, Line 2c THERE HAVE BEEN NO CHANGES FROM THE PRIOR YEAR IN THE OVERSIGHT OR SELECTION PROCESSES FOR THE AUDIT THAT THE ORGANIZATION'S COMMITTEE USES HUB NOLA PROPELLER SOCIAL INNOVATION INCUBATOR 4305 WASHINGTON AVE NEW ORLEANS LA 70125 452858038 OFFICE AND DESK RENTALS LA 86478 0 SOCIAL ENTREPRENEURS OF NEW ORLEANS