2024-11-04T21:49:49-07:00 2023-12-31 300156143 LUTHER SPEIGHT & COMPANY 1100 POYDRAS STREET SUITE 1225 NEW ORLEANS LA 70163 990 2023-01-01 271126668 NEW ORLEANS STARTUP FUND INC NEWO 5045276900 1100 Poydras Street Suite 3475 New Orleans LA 70163 JAMES ROUSSEL PRESIDENT/CEO 5045276900 2024-11-04 1 1 LUTHER SPEIGHT P02172994 5045618600 2024-11-01 2023 2024-10-15 13:58:12Z JAMES ROUSSEL 1100 POYDRAS STREET SUITE 3475 NEW ORLEANS LA 70163 538725 0 X www.neworleansstartupfund.org X 2010 LA 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. 8 7 1 0 0 0 204360 567789 0 0 15927 -54064 0 25000 220287 538725 0 0 0 0 161296 239953 0 0 0 573109 336143 734405 576096 -514118 -37371 2328588 2274572 9355 42710 2319233 2231862 The N.O. Startup Fund 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 region of Greater N.O. by providing seed capital and business assistance to early-stage firms. 0 0 533179 0 0 Conducted market research and business support to early stage companies demonstrating the potential for job creation and positive economic development on the Greater New Orleans area. 0 0 0 533179 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 8 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X JEFF TEAGUE 5045276900 1100 POYDRAS STREET SUITE 3475 NEW ORLEANS LA 70163 JAMES ROUSSEL PRESIDENT/CEO 40 0 X X X 226726 0 0 MICHAEL HECHT SECRETARY 2 0 X X 0 0 0 PEYTON BUSH TREASURER 2 0 X X 0 0 0 DAMON BURNS BOARD MEMBER 2 0 X 0 0 0 GAY LE BRETON BOARD MEMBER 2 0 X 0 0 0 COURTNEY WILLIAMS BOARD MEMBERS 2 0 X 0 0 0 SHARONDA WILLIAMS BOARD MEMBER 2 0 X 0 0 0 MATT WISDOM CHAIRMAN 2 0 X X 0 0 0 226726 0 0 1 0 1 0 BLAKE J STANFILL 5616 CHAMBERLAIN DRIVE NEW ORLEANS LA 70122 CONSULTANT - INVESTMENT SELECTION, PORTFOLIO MGMT, ENTREPRENEUR EDUCATION 128333 1 0 0 0 0 294289 273500 100451 567789 0 -54064 -54064 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 25000 25000 0 0 25000 538725 -29064 0 0 X 226726 226726 0 13227 13227 62500 62500 21683 21683 218188 206015 12173 9703 9703 3080 97 2983 818 288 530 4169 1899 2270 10788 10788 DUES AND SUBSCRIPTIONS 4859 659 4200 0 355 85 270 576096 533179 42917 0 852507 660022 59567 91543 25418 37075 1500 1389596 1485932 2328588 2274572 9355 42710 9355 42710 X 2319233 2231862 0 0 2319233 2231862 2328588 2274572 -37371 -50000 0 0 0 0 X 0 1 X 1 0 X 195192 663892 430000 204360 668240 2161684 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 195192 663892 430000 204360 668240 2161684 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2161684 14300 -2522 352641 15927 -104064 276282 0 0 0 0 0 0 14300 -2522 352641 15927 -104064 276282 0 0 0 0 0 0 0 0 0 0 25000 25000 209492 661370 782641 220287 589176 2462966 0.87768 0.84242 0.11217 0.15758 X Schedule A, Part III, Line 12 MISCELLANEOUS INCOME RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED INVESTMENTS, NET OF ALLOWANCE 1485932 C 1485932 589176 0 100451 0 0 100451 488725 0 50000 50000 538725 676547 100451 0 0 0 100451 576096 0 0 0 576096 Schedule D, Part XI, Line 4b ALLOWANCE FOR LOSS ON INVESTMENTS X 0 0 0 0 0 0 0 0 0 JAMES ROUSSEL PRESIDENT/CEO 226726 0 0 0 0 0 0 0 0 0 226726 0 150000 0 0 0 0 0 Form 990, Part VI, Section B, Line 11b THE AGENCY FORM 990 IS REVIEWED BY THE CEO, PRESIDENT, CFO, AND BOARD MEMBERS TO ENSURE ITS ACCURACY AND COMPLETENESS. Form 990, Part VI, Section B, Line 12c THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY. PERPETUAL COMMUNICATION AND DISCLOSURE REQUIREMENTS EXIST. Form 990, Part VI, Section B, Line 15 THE PROCESS OF DETERMINING COMPENSATION OF THE CEO/PRESIDENT INCLUDES THE REVIEW AND APPROVAL BY INDEPENDENT PERSONS INCLUDING EVALUATION OF EMPLOYMENT APPLICATIONS, A COMPENSATION STUDY, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION FOR THE HIRING DECISION AND RATIONALE FOR ESTABLISHING THE AMOUNT OF COMPENSATION. THE LAST TIME THIS PROCESS WAS UNDERTAKEN WAS FOR THE HIRING OF THE PRESIDENT/CEO IN JANUARY 2017. Form 990, Part VI, Section C, Line 19 THE ORGANIZATION MADE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST DURING THE 2023 TAX YEAR AT THE NEW ORLEANS START UP FUND, INC. 1100 POYDRAS STREET, SUITE 3475, NEW ORLEANS, LA 70163. Form 990, Part IX, Line 11g CONSULTANTS & CONTRACT LABOR THE ORGANIZATION REQUESTED A TIMELY REQUEST FOR AUTOMATIC EXTENSION OF TIME TO FILE THE ANNUAL FORM 990 WHILE AWAITING THE COMPLETION OF THE AGENCY'S FINANCIAL STATEMENT AUDIT.