Social Entrepreneurs Of New Orleans
- Assets
- $3.2m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 17
- Location
- New Orleans, LA
- Founding
- 02/2009
- Data as of
- 12/2021
- EIN
- 26-3223585
Organization Overview
Social Entrepreneurs Of New Orleans, operating under the name Propeller A Force For Social Innovation, is located in New Orleans, LA. The organization was established in 2009. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2021, Propeller A Force For Social Innovation employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Propeller A Force For Social Innovation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Propeller A Force For Social Innovation generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $1.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROPELLER GROWS AND SUPPORTS ENTREPRENEURS TO TACKLE SOCIAL AND ENVIRONMENTAL DISPARITIES.
Describe the Organization's Program Activity:
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.
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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrea Chen CEO | Officer | 40 | $178,870 |
Peggy Welsh Vice Chair | OfficerTrustee | 0.5 | $0 |
Kathy Hebert Treasurer | OfficerTrustee | 0.5 | $0 |
Andreanecia Morris Chair | OfficerTrustee | 0.5 | $0 |
Jonas Chartock Board Member | OfficerTrustee | 0.5 | $0 |
Deirdre Johnson Burel Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $28,045 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $112,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,249,110 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,389,655 |
| Total Program Service Revenue | $0 |
| Investment income | $10,797 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $58,432 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,458,884 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $178,870 |
| Compensation of current officers, directors, key employees. | $53,661 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $871,347 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $92,083 |
| Payroll taxes | $75,872 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,538 |
| Fees for services: Accounting | $35,501 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $261,791 |
| Advertising and promotion | $13,853 |
| Office expenses | $23,985 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $112,560 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $53,184 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,016 |
| Insurance | $16,018 |
| All other expenses | $0 |
| Total functional expenses | $1,866,314 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $857,779 |
| Savings and temporary cash investments | $503,950 |
| Pledges and grants receivable | $226,870 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,626 |
| Net Land, buildings, and equipment | $1,323,509 |
| Investments—publicly traded securities | $260,250 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $910 |
| Total assets | $3,181,894 |
| Accounts payable and accrued expenses | $33,313 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $117,329 |
| Secured mortgages and notes payable | $1,410,347 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,730 |
| Total liabilities | $1,579,719 |
| Net assets without donor restrictions | $510,596 |
| Net assets with donor restrictions | $1,091,579 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,181,894 |
Grants Awarded
Over the last fiscal year, Social Entrepreneurs Of New Orleans has awarded $18,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MASTODONTE LLC PURPOSE: PITCH NOLA WATER CHALLENGE AWARD | $10,500 |
New Orleans, LA PURPOSE: PITCH NOLA AUDIENCE FAVORITE AWARD | $8,000 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Social Entrepreneurs Of New Orleans has recieved totaling $199,821.
| Awarding Organization | Amount |
|---|---|
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION | $100,000 |
Blue Cross And Blue Shield Of Louisiana Foundation Baton Rouge, LA PURPOSE: ECONOMIC RECOVERY COLLABORATIVE INITIATIVE | $50,000 |
The Greater New Orleans Foundation New Orleans, LA PURPOSE: CIVIC ENGAGEMENT | $26,816 |
Greater New Orleans Development Foundation New Orleans, LA PURPOSE: USDA GNO FOOD AND BEVERAGE ENTREPRENEUR ECOSYSTEM GRANT - 1ST INSTALLMENT | $12,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $10,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Earnings | $10,797 |
| Net Contributions | $260,250 |
| Ending Balance | $271,047 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Total Community Action Inc New Orleans, LA | $98,605,042 | $21,062,110 |
Community Council Of Greater Dallas Dallas, TX | $4,744,328 | $19,419,389 |
Nueces County Community Action Agency Corpus Christi, TX | $6,907,131 | $19,554,955 |
Hinds County Human Resource Agency Jackson, MS | $2,640,686 | $19,218,444 |
Lulac Project Amistad El Paso, TX | $13,396,414 | $20,646,890 |
Youth And Family Alliance Austin, TX | $17,411,303 | $18,334,235 |
Economic Opportunities Advancement Corporation Of Planning Region Xi Waco, TX | $7,841,884 | $18,666,042 |
Arkansas Early Learning Inc Jonesboro, AR | $12,519,715 | $17,680,686 |
High Plains Christian Ministries Foundation Amarillo, TX | $595,357,596 | $31,544,091 |
Community Services Office Of Hot Springs And Garland County Arkansa Hot Springs, AR | $3,711,408 | $16,980,162 |
Communuity Action Inc Of Central Texas San Marcos, TX | $3,261,205 | $15,529,761 |
Quad-Area Community Action Agency Inc Hammond, LA | $5,152,022 | $15,819,906 |