Nonprofit · EIN 27-1126668
NEW ORLEANS STARTUP FUND INC
Tax-exempt · NEW ORLEANS, LA 70163
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $815,290 | $747,948 | $67,342 | $2,615,999 | $241,496 | $2,374,503 |
| December 31, 2023 | 990 | $538,725 | $576,096 | -$37,371 | $2,274,572 | $42,710 | $2,231,862 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $938,452
- of which government grants
- $768,452
- Program service revenue
- $0
- Investment income
- -$125,006
- Other revenue
- $1,844
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $241,807
- Other salaries and wages
- $75,299
- Salaries, compensation and benefits (total)
- $331,072
- Professional fundraising fees
- $0
- Legal fees
- $4,412
- Program services (functional)
- $726,212
- Management and general (functional)
- $21,736
Balance sheet and other
- Total assets, start of year
- $2,274,572
- Total assets, end of year
- $2,615,999
- Total liabilities, end of year
- $241,496
- Net assets, end of year
- $2,374,503
- Net assets without donor restrictions
- $2,348,490
- Net assets with donor restrictions
- $26,013
- Gross receipts
- $815,290
- Employees
- 1
- Volunteers
- 0
- Year formed
- 2010
- State of legal domicile
- LA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES ROUSSEL | PRESIDENT/CEO Key employee | 40 | $241,807 |
| DAMON BURNS | BOARD MEMBER Trustee or director | 2 | $0 |
| GAY LE BRETON | BOARD MEMBER Trustee or director | 2 | $0 |
| COURTNEY WILLIAMS | BOARD MEMBERS Trustee or director | 2 | $0 |
| SHARONDA WILLIAMS | BOARD MEMBER Trustee or director | 2 | $0 |
| MATT WISDOM | CHAIRMAN Officer | 2 | $0 |
| PEYTON BUSH | TREASURER Officer | 2 | $0 |
| MICHAEL HECHT | SECRETARY Officer | 2 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES ROUSSEL | PRESIDENT/CEO Trustee or director, Key employee, Highest-paid employee | 40 | $226,726 |
| MICHAEL HECHT | SECRETARY Trustee or director, Officer | 2 | $0 |
| PEYTON BUSH | TREASURER Trustee or director, Officer | 2 | $0 |
| DAMON BURNS | BOARD MEMBER Trustee or director | 2 | $0 |
| GAY LE BRETON | BOARD MEMBER Trustee or director | 2 | $0 |
| COURTNEY WILLIAMS | BOARD MEMBERS Trustee or director | 2 | $0 |
| SHARONDA WILLIAMS | BOARD MEMBER Trustee or director | 2 | $0 |
| MATT WISDOM | CHAIRMAN Trustee or director, Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 1100 POYDRAS ST STE 3475, NEW ORLEANS, LA 70163-3404
- In care of
- % JEFF TEAGUE
- Principal officer (990 for 2024)
- MATT WISDOM, 1100 POYDRAS STREET, SUITE 3475, NEW ORLEANS, LA 70163
- Signed the 990
- JAMES ROUSEL, PRESIDENT & CEO
- Phone
- (504) 527-6900
- Return prepared by
- LUTHER SPEIGHT & COMPANY LLC CERTIFIED PUBLIC ACCOUNTANTS AND CONSULTANTS
Mission
THE NEW ORLEANS STARTUP FUND IS A SEED CAPITAL FUND ESTABLISHED BY THE GREATER NEW ORLEANS BUSINESSES AND FINANCIAL LEADERS TO ACCELERATE THE GROWTH OF EARLY-STAGE, INNOVATIVE BUSINESSES INTO VENTURE-READY COMPANIES. THE STARTUP FUNDS' MISSION IS TO CREATE JOBS AND ECONOMIC PROSPERITY FOR THE TEN-PARISH REGION OF GREATER NEW ORLEANS BY PROVIDING SEED CAPITAL AND BUSINESS ASSISTANCE TO EARLY-STAGE FIRMS.
Program accomplishments
- CONDUCTED MARKET RESEARCH AND BUSINESS SUPPORT TO EARLY-STAGE COMPANIES DEMONSTRATING THE POTENTIAL FOR JOB CREATION AND POSITIVE ECONOMIC DEVELOPMENT ON THE GREATER NEW ORLEANS AREA.Expenses $726,212
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 27-1126668
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2010
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S43)
- Assets (IRS master file)
- $2,615,999
- Income (IRS master file)
- $815,290
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $815,290 | $747,948 | $2,615,999 | IRS |
| 990 | December 2023 | $538,725 | $576,096 | $2,274,572 | XML |
| 990 | December 2022 | $220,287 | $734,405 | $2,328,588 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-1126668).
Questions about NEW ORLEANS STARTUP FUND INC
- What is the EIN of NEW ORLEANS STARTUP FUND INC?
- The employer identification number (EIN) of NEW ORLEANS STARTUP FUND INC is 27-1126668.
- Is NEW ORLEANS STARTUP FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to NEW ORLEANS STARTUP FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW ORLEANS STARTUP FUND INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NEW ORLEANS STARTUP FUND INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW ORLEANS STARTUP FUND INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of NEW ORLEANS STARTUP FUND INC?
- The 990 for the year ended December 31, 2024 names MATT WISDOM.
- Who are the officers and directors of NEW ORLEANS STARTUP FUND INC?
- The 990 for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $241,807 (JAMES ROUSSEL, PRESIDENT/CEO).
- How much revenue does NEW ORLEANS STARTUP FUND INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $815,290, expenses of $747,948 and total assets of $2,615,999 at year end.
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All nonprofits in NEW ORLEANS · Louisiana · Community improvement and capacity building