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PROPELLER GROWS AND SUPPORTS ENTREPRENEURS TO TACKLE SOCIAL AND ENVIRONMENTAL DISPARITIES.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS Form 990 via ProPublica Nonprofit Explorer
Total Revenue
▼$3.4M
Total Contributions
$3.3M
Total Expenses
▼$2.2M
Total Assets
$4.9M
Total Liabilities
▼$1.5M
Net Assets
$3.4M
Officer Compensation
→$0
Other Salaries
$1.1M
Investment Income
▼$1,383
Fundraising
▼$0
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$2M
Awards Found
7
Department of Commerce
$750K
THIS EDA INVESTMENT FUNDS THE PROPELLER: CREATING AN EQUITABLE ECONOMY THROUGH EQUITY INVESTMENTS IN NEW ORLEANS PROJECT, TO SCALE THE ORGANIZATION'S INITIAL PILOT VENTURE INVESTMENTS INTO A MULTIMILLION-DOLLAR EVERGREEN VENTURE CAPITAL FUND THAT WILL INCREASE CAPITAL DEPLOYMENT CAPACITY AND POST-INVESTMENT SUPPORT CAPACITY FOR BLACK, INDIGENOUS, AND PEOPLE OF COLOR (BIPOC) ENTREPRENEURS. THE PROJECT WILL BUILD OUT PROPELLER'S AND NOSF'S TECHNICAL ASSISTANCE AND ADMINISTRATIVE CAPACITY (I.E., DUE DILIGENCE, FUND ADMINISTRATION, NETWORKING WITH INVESTORS, PARTNERSHIP DEVELOPMENT WITH OTHER PRIVATE SECTOR FUNDS, AND FUNDRAISING), ALLOWING THE ORGANIZATIONS TO SCALE THEIR INITIAL VENTURE SEED FUND INVESTING ACTIVITIES TO A MULTIMILLION-DOLLAR EVERGREEN FUND. ONCE COMPLETED, PROPELLER AND NOSF WILL COLLECTIVELY HOST 10 EDUCATIONAL AND OUTREACH EVENTS PER YEAR TO HELP RECRUIT APPLICANTS AND PREPARE BUSINESSES FOR SUCCESS. BY THE END OF THE 3-YEAR PROJECT PERIOD, PROPELLER AND NOSF WILL REVIEW 625 BUSINESS CONCEPTS, MAKING AT LEAST 45 SEED INVESTMENTS IN COMPANIES HEADQUARTERED IN THE GNO REGION. PROPELLER AND NOSF WILL PROVIDE TECHNICAL ASSISTANCE AND/OR MENTORSHIP TO 75 COMPANIES OVER THE PROJECT PERIOD. FUNDED COMPANIES AND THOSE RECEIVING TECHNICAL ASSISTANCE WILL CREATE AN ESTIMATED 45 NEW JOBS IN THE GNO REGION DURING THE PROJECT PERIOD, THOUGH THE LONG-TERM IMPACT WILL BE EVEN GREATER.
Small Business Administration
$200K
FY22 PRIME TECHNICAL ASSISTANCE SOCIAL ENTREPRENEURS OF NEW ORLEANS
Small Business Administration
$200K
PROPELLER IS A SOCIAL INNOVATION AND ENTREPRENEURSHIP ACCELERATOR THAT TARGETS AND SUPPORTS DISADVANTAGED ENTREPRENEURS TO TACKLE SOCIAL AND ENVIRONMENTAL DISPARITIES. WE PROPOSE PROVIDING TECHNICAL SUPPORT AND MENTORSHIP TO 30+ DISADVANTAGED ENTREPRENEURS THAT WE ANTICIPATE WILL CREATE 10+ PERMANENT JOBS AND EARN $500,000+ IN EARNED REVENUE AT THE END OF THE GRANT PERIOD. OVER THE NEXT FIVE YEARS
Delta Regional Authority
$200K
PROVIDE TECHNICAL ASSISTANCE FOR ADVOCACY EFFORTS
Small Business Administration
$150K
PROGRAM FOR INVESTMENT IN MICROENTREPRENEURS - PRIME
Source: Federal Audit Clearinghouse (fac.gov)
No federal single audit records found for this organization.
Single audits are required for entities expending $750,000+ in federal awards annually.
Source: IRS e-Filed Form 990
No officer or director compensation data available for this organization.
This data is sourced from IRS Form 990, Part VII. It may not be available if the organization files Form 990-N (e-Postcard) or has not yet been enriched.
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
990-N (e-Postcard) Filing History
This organization files simplified Form 990-N (annual gross receipts ≤ $50,000).
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023 | $3.4M | $3.3M | $2.2M | $4.9M | $3.4M |
| 2022 | $2.2M | $1.9M | $2M | $3.7M | $2.1M |
| 2021 | $1.5M | $1.4M | $1.9M | $3.2M | $1.6M |
| 2020 | $2.2M | $2M | $1.6M | $3.4M | $2M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2024 | 990 | IRS e-File | PDF not yet published by IRSView Filing → |
| 2023 | 990 | DataIRS e-File | |
| 2022 | 990 | DataIRS e-File |
Financial data: IRS Form 990 via ProPublica Nonprofit Explorer (Tax Year 2023)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File · ProPublica Nonprofit Explorer
Tax-deductibility: IRS Publication 78
| 2019 | $2.7M | $2.6M | $2.1M | $2.7M | $1.4M |
| 2018 | $1.7M | $1.7M | $2.4M | $901.6K | $785.8K |
| 2017 | $2M | $1.9M | $1.7M | $1.6M | $1.5M |
| 2016 | $1.6M | $1.5M | $1.3M | $1.3M | $1.2M |
| 2015 | $1.4M | $1.3M | $809.1K | $1M | $972.3K |
| 2014 | $426.3K | $388K | $538.5K | $462K | $426.4K |
| 2013 | $653.3K | $626.5K | $256.8K | $560K | $538.6K |
| 2012 | $434.4K | $422.8K | $369.8K | $168.3K | $108.2K |
| 2011 | $79.2K | — | $99.5K | $9,135 | — |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990-EZ | Data |