New Orleans Startup Fund Inc in New Orleans, Louisiana (LA)

New Orleans Startup Fund Inc
Employer Identification Number (EIN)	271126668
Name of Organization	New Orleans Startup Fund Inc
In Care of Name	Jeff Teague
Address	365 Canal St Ste 2300, New Orleans, LA 70130-6519
Subsection	Charitable Organization, Educational Organization
Ruling Date	02/2010
Deductibility	Contributions are deductible
Foundation	Organization which receives a substantial part of its support from a governmental unit or the general public
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	12/2013
Assets	$1,000,000 to $4,999,999
Income	$500,000 to $999,999
Filing Requirement	990 (all other) or 990EZ return
Asset Amount	$1,786,955
Amount of Income	$658,805
Form 990 Revenue Amount	$658,805
National Taxonomy of Exempt Entities (NTEE)	Community Improvement, Capacity Building: Management Services for Small Business, Entrepreneurs

Non-representatives - add comments:

Amount of income in 2013: $658,805 (it was $734,083 in 2012)

New Orleans Startup Fund Inc:	$658,805
Other organizations performing similar types of work:	$127,010

Assets in 2013: $1,786,955 (it was $1,358,297 in 2012)

New Orleans Startup Fund Inc:	$1,786,955
Other organizations performing similar types of work:	$83,317

Expenses in 2012: $317,910

This organization:	$317,910
Other organizations performing similar types of work:	$154,560

Income to expenses ratio in 2012: 2.1

This organization:	2.1
Other organizations performing similar types of work:	1.1

Number of employees in 2012: 7

This organization:	7
Other organizations performing similar types of work:	3

Grants share in income in 2012: 93.9%

New Orleans Startup Fund Inc:	93.9%
Other organizations performing similar types of work:	40.6%

Financial snapshot ($)

Revenue for 2012

Functional expenses for 2012

Support schedule

Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?	No
Initiation fees and capital contributions	$0
Gross receipts for public use of club facilities	$0
Gross income from members or shareholders	$0
Gross income from other sources	$0

Statement of Revenue (for 2012)
Total revenue	$734,083
Contributions, Gifts, Grants and Other Similar Amounts	$689,050
Program Service Revenue	$36,720
Other Revenue
Investment income (including dividends, interest, and other similar amounts)	$8,313
Income from investment of tax-exempt bond proceeds	$0
Royalties	$0
Net rental income	$0
Net gain from sales of assets other than inventory	$0
Net income from fundraising events	$0
Net income from gaming activities	$0
Net income from sales of inventory	$0
Miscellaneous Revenue	$0

Statement of Functional Expenses (for 2012)
Total functional expenses	$317,910
Compensation of current officers, directors, trustees, and key employees	$0
Other salaries and wages	$250,084
Payroll taxes	$0
Professional fundraising services	$0
Other	$67,826

Balance Sheet (for 2012)
Total assets	$1,358,297
Total liabilities	$427,974
Tax-exempt bond liabilities	$0
Secured mortgages and notes payable to unrelated third parties	$0
Unsecured notes and loans payable to unrelated third parties	$0
Other	$427,974
Total net assets or fund balances	$930,323
Retained earnings, endowment, accumulated income, or other funds	$0

Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:	An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975

Reason for Public Charity Status (for 2012)

The organization is not a private foundation because it is:

An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975

	2008 - 2012 Total
Support Schedule for Organizations Described in Section 509(a)(2) (for 2012)
Total support	$1,740,782
Gifts, grants, contributions, and membership fees received	$1,731,274
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose	$0
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf	$0
The value of services or facilities furnished by a governmental unit to the organization without charge	$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975	$9,508

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Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
1	Craft3 Investment I Llc	PO BOX 826, Ilwaco, WA 98624-0826	WA	1995-07	$18,154,406
2	Masschallenge	21 Dry Dock Ave 6th Flr, Boston, MA 02210-2384	MA	2010-04	$4,959,384
3	Small Business Majority Foundation Inc	4000 Bridgeway Ste 101, Sausalito, CA 94965-1444	CA	2010-11	$4,935,336
4	Western North Carolina Regional Economic Development Non-Profit Co	134 Wright Brothers Way, Fletcher, NC 28732-7808	NC	1996-02	$2,225,305
5	Women Venture	2021 E Hennepin Ave Ste 200, Minneapolis, MN 55413-2724	MN	1984-09	$1,770,287
6	Los Angeles Cleantech Incubator	411 S Hewitt Street, Los Angeles, CA 90013	CA	2012-08	$1,684,863
7	Puerto Rico Manufacturing Extension Primex Inc, Primex	Mercantil Plaza Ste 819, San Juan	international	1996-12	$1,678,335
8	Startx	2627 Hanover St, Palo Alto, CA 94304-1118	CA	2013-06	$1,657,007
9	Rockford Area Strategic Initiatives	100 Park Ave Ste 100, Rockford, IL 61101-1099	IL	2010-06	$1,367,725
10	Commonwise Education Inc	464 Black Willow Ln, Charlotte, VT 05445-4405	VT	2011-09	$1,303,500
11	Iowa Innovation Corporation	309 Court Ave Ste 222, Des Moines, IA 50309-2259	IA	2013-10	$1,096,234
12	Kauffman Laboratories For Enterprise Creation Inc	Enterprise Creation Inc 4801 Rockhi, Kansas City, MO 64110	MO	2014-09	$1,024,080
13	Women In Progress Inc	2205 California St Ne Ste 110, Minneapolis, MN 55418-3353	MN	2002-11	$946,703
14	Technology Entrepreneur Center Inc	911 Washington Ave Ste 500, Saint Louis, MO 63101-1271	MO	2004-05	$860,046
15	New Orleans Startup Fund Inc	365 Canal St Ste 2300, New Orleans, LA 70130-6519	LA	2010-02	$658,805
16	Cohabitat Foundation	500 Clyde Fant Blvd Suite 200, Shreveport, LA 71101-3264	LA	2010-07	$343,787
17	Fibercorps	PO BOX 3034, Lafayette, LA 70502-3034	LA	2008-10	$20,000
18	Ouachita Community Enhancement Zone	1811 Jackson St, Monroe, LA 71202-2529	LA	1997-06	$2,341
19	Trade Capacity Building Institute Inc	4000 France Road Parkway, New Orleans, LA 70126	LA	2004-11	$0
20	Turnaround Management Association Inc	800 Mariners Blvd Suite 816, Mandeville, LA 70448	LA	2000-08	$0

Number of organizations performing similar types of work

Alaska	2
Alabama	5
Arkansas	4
Arizona	10
California	76
Colorado	14
Connecticut	7
District of Columbia	7
Florida	26
Georgia	20
Hawaii	5
Iowa	8
Idaho	3
Illinois	22
Indiana	11
Kansas	3
Kentucky	5
Louisiana	6
Massachusetts	18
Maryland	19
Maine	3
Michigan	16
Minnesota	8
Missouri	13
Mississippi	6

Montana	3
North Carolina	18
North Dakota	1
Nebraska	5
New Jersey	6
New Mexico	5
Nevada	4
New York	26
Ohio	16
Oklahoma	5
Oregon	5
Pennsylvania	12
Rhode Island	1
South Carolina	12
South Dakota	4
Tennessee	10
Texas	27
Utah	1
Virginia	14
Vermont	2
Washington	10
Wisconsin	8
West Virginia	3
Wyoming	1
International	2

Total

518

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