CITIZENS UNITED FOR ECONOMIC EQUITY INC: Form 990, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- CITIZENS UNITED FOR ECONOMIC EQUITY INC (EIN 20-4404276)
- Tax period
- 2015-01-01 to 2015-12-31
- Filed
- 2016-11-15
- IRS object ID
- 201623209349306567
- Schema version
- 2015v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2016-11-15T11:19:22-06:00 | ReturnTs |
| Tax Period End | 2015-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 720877929 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BRUNO & TERVALON LLP CPAS | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4298 ELYSIAN FIELDS AVE | AddressLine1Txt |
| City | NEW ORLEANS | CityNm |
| State Abbreviation | LA | StateAbbreviationCd |
| ZIP | 70122 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2015-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 204404276 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CITIZENS UNITED FOR ECONOMIC | BusinessNameLine1Txt |
| Business Name Line2 | EQUITY INC | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CITI | BusinessNameControlTxt |
| Phone | 5043011187 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4528 FRERET STREET | AddressLine1Txt |
| City | NEW ORLEANS | CityNm |
| State Abbreviation | LA | StateAbbreviationCd |
| ZIP | 70115 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SEAN BRUNO | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 5043784878 | PhoneNum |
| Signature | 2016-11-15 | SignatureDt |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | WALDO J MORET JR | PreparerPersonNm |
| PTIN | P01239199 | PTIN |
| Phone | 5042848733 | PhoneNum |
| Preparation | 2016-11-15 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2017-02-10 21:41:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | SEAN BRUNO | PrincipalOfficerNm |
| Gross Receipts | $59,458 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | N/A | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2007 | FormationYr |
| Legal Domicile State | LA | LegalDomicileStateCd |
| Activity Or Mission | TO SUPPORT ECONOMIC PARITY IN THE REBUILDING OF THE GREAT CITY OF NEW ORLEANS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 3 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 3 | VotingMembersIndependentCnt |
| Total Employee | 2 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| CY Contributions Grants | $10,000 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $40,666 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $42,393 | CYProgramServiceRevenueAmt |
| PY Investment Income | $536 | PYInvestmentIncomeAmt |
| CY Investment Income | $4,972 | CYInvestmentIncomeAmt |
| PY Other Revenue | $16,050 | PYOtherRevenueAmt |
| CY Other Revenue | $2,093 | CYOtherRevenueAmt |
| PY Total Revenue | $57,252 | PYTotalRevenueAmt |
| CY Total Revenue | $59,458 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $99,036 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $98,867 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $137,261 | PYOtherExpensesAmt |
| CY Other Expenses | $115,328 | CYOtherExpensesAmt |
| PY Total Expenses | $236,297 | PYTotalExpensesAmt |
| CY Total Expenses | $214,195 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$179,045 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$154,737 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $4,345,109 | TotalAssetsBOYAmt |
| Total Assets EOY | $3,376,463 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $585,863 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $5,937 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $3,759,246 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $3,370,526 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO SUPPORT ECONOMIC PARITY IN THE REBUILDING OF THE GREAT CITY OF NEW ORLEANS. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $147,243 | ExpenseAmt |
| Revenue | $42,393 | RevenueAmt |
| Desc | CUEE EXISTS TO MEET THE FINANCING NEEDS OF SMALL BUSINESSES LOCATED IN OR SERVING LOW-INCOME GEOGRAPHIES IN NEW ORLEANS AND THAT ARE THEMSELVES MANAGED BY TRADITIONALLY UNDERSERVED POPULATIONS TO INCLUDE AFRICAN-AMERICAN-OWNED BUSINESSES AND OTHER MINORITIES. | Desc |
| Total Program Service Expenses | $147,243 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | false | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | Yes (true) | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (true) | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | Yes (true) | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 3 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 2 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 3 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 3 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | false | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | false | RegularMonitoringEnfrcInd |
| Whistleblower Policy | false | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MICHELLE STANTON | PersonNm |
| Phone | 5043011187 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4528 FRERET STREET | AddressLine1Txt |
| City | NEW ORLEANS | CityNm |
| State Abbreviation | LA | StateAbbreviationCd |
| ZIP | 70115 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (3 entries)
| TitleTitleTxt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|
| SEAN BRUNO | |||||
| PRESIDENT | Yes (X) | Yes (X) | $0 | $0 | $0 |
| N SUNDIATA HALEY | |||||
| DIRECTOR | Yes (X) | $0 | $0 | $0 | |
| DAVID BILLINGS | |||||
| DIRECTOR | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| All Other Contributions | $10,000 | AllOtherContributionsAmt |
| Total Contributions | $10,000 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|
| INTEREST | $33,515 | $33,515 |
| LOAN FEES | $8,878 | $8,878 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $42,393 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,972 | TotalRevenueColumnAmt |
| Exclusion | $4,972 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER | Desc |
| Total Revenue Column | $2,093 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $2,093 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $2,093 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $59,458 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $44,486 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $4,972 | ExclusionAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $84,120 | TotalAmt |
| Program Services | $84,120 | ProgramServicesAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,928 | TotalAmt |
| Program Services | $9,928 | ProgramServicesAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,819 | TotalAmt |
| Program Services | $4,819 | ProgramServicesAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,660 | TotalAmt |
| Management And General | $1,660 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $475 | TotalAmt |
| Management And General | $475 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,678 | TotalAmt |
| Program Services | $163 | ProgramServicesAmt |
| Management And General | $5,515 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,817 | TotalAmt |
| Management And General | $12,817 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,284 | TotalAmt |
| Program Services | $6,142 | ProgramServicesAmt |
| Management And General | $6,142 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $29 | TotalAmt |
| Management And General | $29 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $115 | TotalAmt |
| Management And General | $115 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,458 | TotalAmt |
| Management And General | $10,458 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,807 | TotalAmt |
| Management And General | $15,807 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,723 | TotalAmt |
| Management And General | $1,723 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| LOAN FUND MANAGER | $36,000 | $36,000 | |
| COLLECTION FEES | $5,527 | $5,527 | |
| PROFESSIONAL SERVICES | $5,255 | $5,255 | |
| BANK CHARGES | $3,768 | $3,768 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,732 | TotalAmt |
| Program Services | $544 | ProgramServicesAmt |
| Management And General | $3,188 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $214,195 | TotalAmt |
| Program Services | $147,243 | ProgramServicesAmt |
| Management And General | $66,952 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $743,852 | BOYAmt |
| EOY | $671,711 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,214,509 | BOYAmt |
| EOY | $2,352,797 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $369,341 | BOYAmt |
| EOY | $351,955 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $76,434 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $76,434 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,807 | BOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,600 | BOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,345,109 | BOYAmt |
| EOY | $3,376,463 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $114 | BOYAmt |
| EOY | $5,937 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $585,749 | BOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $585,863 | BOYAmt |
| EOY | $5,937 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,759,246 | BOYAmt |
| EOY | $3,370,526 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,759,246 | BOYAmt |
| EOY | $3,370,526 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,345,109 | BOYAmt |
| EOY | $3,376,463 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$154,737 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$265,505 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $31,522 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | false | FSAuditedInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $15,556 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $15,344 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year | $10,000 | CurrentTaxYearAmt |
| Total | $40,900 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $15,556 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $15,344 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year | $10,000 | CurrentTaxYearAmt |
| Total | $40,900 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $40,900 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $259,123 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $3,534 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus1 Year | $38,366 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,972 | CurrentTaxYearAmt |
| Total | $305,995 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $346,895 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $44,486 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.11790 | PublicSupportCY170Pct |
| Public Support PY170 | 0.08740 | PublicSupportPY170Pct |
| Ten Pct Facts Crcmstncs Test CY | Yes (X) | TenPctFactsCrcmstncsTestCYInd |
| Facts And Circumstances Test | THE ORGANIZATION'S MISSION IS TO MEET THE FINANCING NEEDS OF SMALL BUSINESSES LOCATED IN OR SERVING LOW-INCOME GEOGRAPHIES IN NEW ORLEANS AND THAT ARE THEMSELVES MANAGED BY TRADITIONALLY UNDERSERVED POPULATIONS TO INCLUDE AFRICAN-AMERICAN-OWNED BUSINESSES AND OTHER MINORITIES. THE ORGANIZATION HAS BEEN GOING THROUGH A LOAN REVIEW PROCESS AND HAVE NOT RECEIVED ANY FUNDING UNTIL THE REVIEW PROCESS IS CLOSED. THE ORGANIZATION IS CURRENTLY ONLY RECEIVING INTEREST ON THE FEW OUTSTANDING LOANS AND SMALL CONTRIBUTIONS. ONCE THE REVIEW PROCESS IS COMPLETE THE ORGANIZATION WILL ISSUE NEW LOANS AS WELL AS SEEK ADDITIONAL FUNDING FROM THE GENERAL PUBLIC AND GOVERNMENT UNITS. | FactsAndCircumstancesTestTxt |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II, LINE 17A | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION'S MISSION IS TO MEET THE FINANCING NEEDS OF SMALL BUSINESSES LOCATED IN OR SERVING LOW-INCOME GEOGRAPHIES IN NEW ORLEANS AND THAT ARE THEMSELVES MANAGED BY TRADITIONALLY UNDERSERVED POPULATIONS TO INCLUDE AFRICAN-AMERICAN-OWNED BUSINESSES AND OTHER MINORITIES. THE ORGANIZATION HAS BEEN GOING THROUGH A LOAN REVIEW PROCESS AND HAVE NOT RECEIVED ANY FUNDING UNTIL THE REVIEW PROCESS IS CLOSED. THE ORGANIZATION IS CURRENTLY ONLY RECEIVING INTEREST ON THE FEW OUTSTANDING LOANS AND SMALL CONTRIBUTIONS. ONCE THE REVIEW PROCESS IS COMPLETE THE ORGANIZATION WILL ISSUE NEW LOANS AS WELL AS SEEK ADDITIONAL FUNDING FROM THE GENERAL PUBLIC AND GOVERNMENT UNITS. | ExplanationTxt |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $36,749 | OtherCostOrOtherBasisAmt |
| Depreciation | $36,749 | DepreciationAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $39,685 | OtherCostOrOtherBasisAmt |
| Depreciation | $39,685 | DepreciationAmt |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (4 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|
| BARBARA MAJOR LLC | ||
| BOARD MEMBER | LOAN | false |
| ULTIMATE | ||
| BROTHER OF MEMB | LOANS | false |
| LIBERTY HOUSE | ||
| BOARD MEMBER | LOAN | false |
| MAJOR CONSTRUCTION | ||
| SON OF MEMBER | LOAN | false |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PAGE 6, PART VI, LINE 11B | THE 990 IS GIVEN TO MANAGEMENT FOR REVIEW AND PROVIDED TO THE BOARD FOR APPROVAL. |
| FORM 990, PAGE 6, PART VI, LINE 15A | REVIEW BY COMPENSATION COMMITTEE. |
| FORM 990, PAGE 6, PART VI, LINE 15B | REVIEW BY COMPENSATION COMMITTEE. |
| FORM 990, PAGE 6, PART VI, LINE 19 | AVAILABLE UPON REQUEST. |
| FORM 990, PART XI, LINE 9 | ADJUSTMENT TO BEGINNING NET ASSETS 31,522 TOTAL 31,522 |