Red Stick Angel Network Inc
Nonprofit profile at a glance
- EIN
- 844276885
- IRS 990-EZ coverage
- 2021–2023
- Forms available
- Form 990-EZ 2023
- Location
- Baton Rouge, LA, USA
- Rating confidence
- Limited
Reported finances
- Revenue
- $31,944
- Expenses
- $34,836
- Assets
- $20,493
- Liabilities
- $13,255
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- WILLIAM ELLISON (CEO)
People named in this filing
- WILLIAM ELLISON (CEO)
- VENEET IYENGAR (BOARD CHAIRMAN)
- STEPHANIE CARGILE (DIRECTOR)
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 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To accelerate the growth of the Louisiana technology-based economy by identifying, educating and connecting entrepreneurs, investors, universities, government agencies and businesses.
What it reported doing in 2023
The red stick angel network, inc. Is a wholly-owned subsidiary of innovation catalyst inc., a non-profit venture development organization, whose mission is to accelereate the growth of early-stage innovative businesses into venture-ready companies by providing capital, connections and coaching.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 82
- Sustainability: 32
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -9.1%; rating input score 33; 33rd percentile among comparable filings
- Total-asset coverage ratio: 0.59; rating input score 32; 32nd percentile among comparable filings
- Liabilities to assets ratio: 0.65; rating input score 8; 8th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -12.7% per year; rating input score 0; 22nd percentile among comparable filings
- Asset growth: 14% per year; rating input score 100; 79th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 1 filed schedules
- Filing history: 3 filing years from 2021 to 2023
- Contacts: How to reach this organization
- Related organizations: Filed and resolved organization 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.
- Moderate — Sustainability: Operating margin scored 33/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 32/100.
- High — Sustainability: Liabilities to assets ratio scored 8/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.