Social Entrepreneurs of New Orleans
Nonprofit profile at a glance
- EIN
- 263223585
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024, Form 990-T 2024, Form 990-N 2010
- Location
- New Orleans, LA, USA
- Phone
- 5043223282
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Human Service Organizations
Reported finances
- Revenue
- $2,597,997
- Expenses
- $2,689,892
- Assets
- $5,039,950
- Liabilities
- $1,760,006
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
15 people listed
Executive titles in this filing
- ANDREA I CHEN (FOUNDER & CEO)
- JESSICA ALLEN (CHIEF EXECUTIVE OFFICER)
Highest reported compensation
- ANDREA I CHEN (FOUNDER & CEO): $183,231 total reported compensation
- JESSICA ALLEN (CHIEF EXECUTIVE OFFICER): $134,978 total reported compensation
- ELIZABETH EUMONT (CHIEF FINANCIAL OFFICER): $110,343 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Propeller grows and supports entrepreneurs to tackle social and environmental disparities. Our vision is an inclusive and thriving entrepreneurial ecosystem in new orleans that responds to community needs and creates the conditions for an equitable future.
What it reported doing in 2024
Alumni program - with over 250 businesses and organization in its network, propeller strives to provide continued support and opportunities to entrepreneurs after finishing the impact accelerator program. Support to alumni ventures includes but is not limited to workshops, roundtables, community-building events, technical support, and access to new networks based on need and available resources, with results of the pandemic, propeller aims to build off of current activities to develop a more robust program to better serve our alumni
Operating model
- Revenue model
- Donor-supported. 68% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 72% for direct work, and 28% for grants.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 67
- Transparency & Controls: 83
- Accountability: 100
- Sustainability: 34
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 73.9%; rating input score 74
- Program expense ratio: 70.9%; rating input score 71
- Fundraising efficiency: $6.54 raised per $1 spent on fundraising; rating input score 24; 24th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -3.5%; rating input score 23; 23rd percentile among comparable filings
- Total-asset coverage ratio: 1.87; rating input score 59; 59th percentile among comparable filings
- Liabilities to assets ratio: 0.35; rating input score 30; 30th percentile among comparable filings
- Officer compensation ratio: 15.9%; rating input score 17; 17th percentile among comparable filings
Growth
- Program expense growth: 11.1% per year; rating input score 100; 68th percentile among comparable filings
- Revenue growth: 10.3% per year; rating input score 100; 70th percentile among comparable filings
- Asset growth: 13.7% per year; rating input score 100; 71st percentile among comparable filings
Details
- Where the money goes: 73.9% of revenue deployed · 70.9% of spending went to programs
- Governance: 12 of 12 board members independent · 9 of 9 filing controls reported
- Programs: 6 filed program accomplishments · $1.9M in reported program spending
- Leadership: top reported pay $183K · 15 people listed · 3 of 6 pay-setting controls reported
- Consistency: 34 of 34 current checks pass
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 7 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 6 filed money-flow records
- Related organizations: 4 filed related-organization links
- 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 — Financial Efficiency: Fundraising efficiency scored 24/100.
- High — Sustainability: Operating margin scored 23/100.
- Review — Sustainability: Total-asset coverage ratio scored 59/100.
- High — Sustainability: Officer compensation ratio scored 17/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 30/100.