North Louisiana Growth and Development Foundation Dba Louisiana Catalyst

Nonprofit profile at a glance

EIN
842682288
IRS 990-EZ coverage
2024–2025
Forms available
Form 990-EZ 2025, Form 990-N 2023
Location
Ruston, LA, USA
Phone
3184502803
Rating
93
Verdict
STRONG
Rating confidence
Moderate
Sector
Urban, Community Economic Development

Reported finances

Revenue
$80,098
Expenses
$110,003
Assets
$10,171
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • QUENTIN DURR (PRESIDENT)

People named in this filing

  • LAUREN CREEKMORE (DIRECTOR)
  • DERON TALLEY (CHAIRMAN)
  • LAMONT WINDOM (VICE CHAIRMAN)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

This corporation is organized exclusively to promote the growth and development of businesses with respect to operating north Louisiana growth and development foundation in north Louisiana. As a means of accomplishing these purposes, the corporation shall have the following objects and purposes but only to the extent that it may engage in these objects and purposes under the provisions of section 501 of the internal revenue code of 1954, as it may hereafter be amended:(1) to operate business accelerator program in north Louisiana.(2) to exercise all such powers and authority as may be necessary for the accomplishment of the objects and purposes hereinabove set forth and to do any and all other services incidental thereto or connected therewith which are not forbidden by law or these articles of incorporation.

What it reported doing in 2025

Sba gafc lab to market initiative: we contract with maven scouts to help design, organize, advertise, and execute two events across Louisiana in november and december of 2025 and two events in february and march of 2026. These events are geared towards manufacturing, artificial intelligence, aerospace, energy, and agriculture with a dual-use military application. The goal of the program is connect entrepreneurs, business owners, investors, and resource providers and strengthen the entrepreneur ecosystem across the state.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 99
  • Transparency & Controls: 100
  • Sustainability: 25
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 98.4%; rating input score 98

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -37.3%; rating input score 15; 15th percentile among comparable filings
  • Total-asset coverage ratio: 0.09; rating input score 12; 12th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 2.2% per year; rating input score 100; 54th percentile among comparable filings
  • Revenue growth: -55.1% per year; rating input score 0; 5th percentile among comparable filings
  • Asset growth: -119% per year; rating input score 0; 1st percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 98.4% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $108K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2024 to 2025
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 15/100.
  • High — Sustainability: Total-asset coverage ratio scored 12/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.