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THE NEW ORLEANS STARTUP FUND INC. IS A SEED CAPITAL FUND ESTABLISHED BY GREATER NEW ORLEANS BUSINESSES AND FINANCIAL LEADERS TO ACCELERATE THE GROWTH OF EARLY-STAGE, INNOVATIVE BUSINESSES INTO VENTURE-READY COMPANIES. THE STARTUP FUND'S MISSION IS TO CREATE JOBS AND ECONOMIC PROSPERITY FOR THE TEN PARISH REGIONS OF GREATER NEW ORLEANS BY PROVIDING SEED CAPITAL AND BUSINESS ASSISTANCE TO EARLY-STAGE FIRMS.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS Form 990 via ProPublica Nonprofit Explorerⓘ Leadership data below reflects a more recent filing (Tax Year 2024) from the IRS e-file system.
Total Revenue
▼$538.7K
Total Contributions
$567.8K
Total Expenses
▼$576.1K
Total Assets
$2.3M
Total Liabilities
▼$42.7K
Net Assets
$2.2M
Officer Compensation
→$226.7K
Other Salaries
$0
Investment Income
▼-$54.1K
Fundraising
▼$0
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$2.3M
Awards Found
4
Department of Commerce
$1.2M
THIS EDA INVESTMENT FUNDS THE DIVERSIFYING AND EXPANDING THE ENTREPRENEURSHIP PIPELINE IN TECHNOLOGY IN NEW ORLEANS (DEEP TECH NOLA) PROJECT, TO SUPPORT THE NEW ORLEANS STARTUP FUND TO LAUNCH DEEP TECH NOLA AND ENHANCE THE PORTFOLIO MANAGEMENT CAPACITY AND OPERATIONS OF THE STARTUP FUND. THE STARTUP FUND WILL (1) ENHANCE ITS PORTFOLIO MANAGEMENT CAPACITY AND OPERATIONS THROUGH ADDITIONAL STAFFING TO HELP MORE ENTREPRENEURS OF COLOR AND WOMEN NAVIGATE THE COMPLEXITIES OF ACCESSING CAPITAL; (2) DELIVER CUSTOMIZED TECHNICAL ASSISTANCE TO 100+ ENTREPRENEURS WHO ARE WOMEN OR PEOPLE OF COLOR OVER THE NEXT THREE YEARS TO HELP THEM PROGRESS ALONG THE CAPITAL ACCESS CONTINUUM FROM PRE-SEED FUNDING TO VENTURE CAPITAL ROUNDS AND EXITS; AND (3) LEVERAGE REGIONAL PARTNERSHIPS TO DRIVE MORE INVESTMENT TO HIGH-GROWTH TECHNOLOGY BUSINESSES OWNED BY WOMEN AND PEOPLE OF COLOR IN THE REGION. ONCE IMPLEMENTED, THE STARTUP FUND WILL (1) EXPAND THE PIPELINE OF AND WOMEN AND PEOPLE OF COLOR-OWNED TECHNOLOGY ENTREPRENEURS WHO ARE READY FOR SEED FUNDING, (2) ASSIST THEM IN MOVING FROM INITIAL SEED INVESTMENTS TO VENTURE CAPITAL SERIES ROUNDS THAT CAN ALLOW THEM TO CREATE SIGNIFICANT NUMBERS OF HIGH-SKILL AND HIGH-WAGE JOBS, AND (3) STRENGTHEN CONNECTIVITY ACROSS THE ECOSYSTEM TO BETTER LEVERAGE THE REGION'S INNOVATION ASSETS TO SUPPORT PEOPLE OF COLOR AND WOMEN-OWNED TECHNOLOGY ENTREPRENEURS.
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.
Tax Year 2024 · Source: IRS e-Filed Form 990
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023 | $538.7K | $567.8K | $576.1K | $2.3M | $2.2M |
| 2022 | $220.3K | $204.4K | $734.4K | $2.3M | $2.3M |
| 2021 | $682.6K | $330K | $251.9K | $2.8M | $2.8M |
| 2020 | $683.4K | $663.9K | $259.5K | $2.4M |
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 | PDF not yet published by IRSView Filing → |
| 2022 | 990 | DataIRS e-File |
Financial data: IRS Form 990 via ProPublica Nonprofit Explorer (Tax Year 2023)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File · ProPublica Nonprofit Explorer
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Matt Wisdom | Chairman | 2 | $0 | $0 | $0 | $0 |
| Peyton Bush | Treasurer | 2 | $0 | $0 | $0 | $0 |
| Michael Hecht | Secretary | 2 | $0 | $0 | $0 | $0 |
Matt Wisdom
Chairman
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Peyton Bush
Treasurer
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Michael Hecht
Secretary
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| James Roussel | President/ceo | 40 | $241.8K | $0 | $0 | $241.8K |
James Roussel
President/ceo
$241.8K
Hrs/Wk
40
Compensation
$241.8K
Related Orgs
$0
Other
$0
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Courtney Williams | Board Members | 2 | $0 | $0 | $0 | $0 |
| Damon Burns | Board Member | 2 | $0 | $0 | $0 | $0 |
| Gay Le Breton | Board Member | 2 | $0 | $0 | $0 | $0 |
| Sharonda Williams | Board Member | 2 | $0 | $0 | $0 | $0 |
Courtney Williams
Board Members
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Damon Burns
Board Member
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Gay Le Breton
Board Member
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
| $2.4M |
| 2019 | $209.5K | $195.2K | $702.2K | $1.9M | $1.9M |
| 2018 | $611.3K | $600K | $565.9K | $2.4M | $2.4M |
| 2017 | $605.4K | $600.3K | $559.4K | $2.4M | $2.4M |
| 2016 | $2M | $1.8M | $1.5M | $2.7M | $2.3M |
| 2015 | $2.7M | $2.7M | $2.3M | $2.1M | $1.8M |
| 2014 | $1.3M | $1.3M | $1.2M | $1.6M | $1.4M |
| 2013 | $658.8K | $624.2K | $290.7K | $1.8M | $1.3M |
| 2012 | $734.1K | $689K | $317.9K | $1.4M | $930.3K |
| 2011 | $840K | $838.8K | $399.6K | $529.2K | $514.1K |
| 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 | Data |
| 2010 | 990-EZ | — |
Sharonda Williams
Board Member
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0