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Nonprofit · EIN 27-3654312

NOLA BUSINESS ALLIANCE

Tax-exempt · NEW ORLEANS, LA 70113

Financials

$3.7M$4.4M2023
Revenue Expenses · by fiscal year end
Financials of NOLA BUSINESS ALLIANCE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2023990$3,743,763$4,447,471-$703,708$4,536,164$1,347,528$3,188,636
Financial details: 990 for the year ended December 31, 2023

Revenue

Contributions, gifts and grants
$3,645,817
of which government grants
$1,555,683
Program service revenue
$76,950
Investment income
$19,102
Other revenue
$1,894

Expenses

Grants and similar amounts paid
$1,147,158
Compensation of officers, directors and key employees
$213,557
Other salaries and wages
$949,104
Salaries, compensation and benefits (total)
$1,385,748
Professional fundraising fees
$0
Legal fees
$139,831
Accounting fees
$21,873
Occupancy
$305,902
Travel
$31,085
Depreciation
$17,713
Program services (functional)
$3,376,132
Management and general (functional)
$867,025
Fundraising (functional)
$204,314

Balance sheet and other

Total assets, start of year
$4,394,444
Total assets, end of year
$4,536,164
Total liabilities, end of year
$1,347,528
Net assets, end of year
$3,188,636
Land, buildings and equipment
$45,270
Net assets without donor restrictions
-$21,056
Net assets with donor restrictions
$3,209,692
Gross receipts
$3,743,763
Employees
18
Year formed
2010
State of legal domicile
LA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2023, highest compensation first.

NameTitleHours / weekCompensation
NORMAL BARNUMPRESIDENT/CE
Key employee
40$213,557
LOUIS DAVIDINTERIM PRES
Highest-paid employee
40$145,263
LYNETTE WHITE-COLINSENIOR VP SM
Highest-paid employee
40$143,663
SHEILA BURNSBOARD MEMBER
Trustee or director
2$0
LATOYA CANTRELLMAYOR CITY O
Trustee or director
2$0
JEAN-GUY CELESTINBOARD MEMBER
Trustee or director
2$0
ANDREA CHENBOARD MEMBER
Trustee or director
2$0
GREGORY CURTISBOARD MEMBER
Trustee or director
2$0
DR TAKEISHA DAVISBOARD MEMBER
Trustee or director
2$0
KIM BOYLE ESQSECRETARY
Trustee or director, Officer
2$0
NOAH KRESSLER ESQBOARD MEMBER
Trustee or director
2$0
SUSAN TALLEY ESQBOARD MEMBER
Trustee or director
2$0
HENRY COAXUM JRPAST CHAIR
Trustee or director, Officer
2$0
BRIAN KELLERBOARD MEMBER
Trustee or director
2$0
STEVEN KENNEDYBOARD MEMBER
Trustee or director
2$0
9 more people on this return
NameTitleHours / weekCompensation
LARISSA LITTLETON-STEIBBOARD MEMBER
Trustee or director
2$0
THOMAS MABONTREASURER
Trustee or director, Officer
2$0
GILBERT MONTANOCHAIR
Trustee or director, Officer
2$0
HELENA MORENOCOUNCILMEMBE
Trustee or director
2$0
R ERICH CAULFIELD PHDBOARD MEMBER
Trustee or director
2$0
CHARLES RICEBOARD MEMBER
Trustee or director
2$0
CHRISTY SLATERBOARD MEMBER
Trustee or director
2$0
RON STONEBOARD MEMBER
Trustee or director
2$0
GUY WILLIAMSBOARD MEMBER
Trustee or director
2$0

Address and contacts

Address (IRS master file)
1250 POYDRAS ST STE 2150, NEW ORLEANS, LA 70113-2026
Principal officer (990 for 2023)
LOUIS DAVID
Signed the 990
LOUIS DAVID, INTERIM PRESIDENT/CE
Phone
(504) 934-4500
Website
NOLABA.ORG
Return prepared by
SEAN BRUNO CPAS

Mission

CHARGED BY THE CITY OF NEW ORLEANS WITH LEADING THE ECONOMIC RECOVERY AND DEVELOPMENT OF ORLEANS PARISH. THE ORGANIZATION'S FOCUS IS TO GROW THE JOB BASE AND SECURE PRIVATE INVESTMENT FOR ORLEANS PARISH BY ATTRACTING CORPORATIONS FOR RELOCATION, RETAINING EXISTING BUSINESS SUPPORTING EXPANSION OF EXISTING BUSINESSES AND DEVELOP RETAIL GROWTH. THE ORGANIZATION ACCOMPLISHES THIS BY CREATING TRANSPARENCY AND LOWERING THE BARRIERS TO MARKET ENTRY.

990 for the year ended December 31, 2023

Program accomplishments

  • NOLA BUSINESS ALLIANCE IMPLEMENTATION OF THEIR STRATEGIC NEIGHBORHOOD DEVELOPMENT LAUNCHED A PILOT PROGRAM. THIS PROGRAM HELPS SUPPORT DISINVESTMENT COMMUNITIES OF BUSINESS AND COMMERCIAL CORRIDORS WITHIN SEVEN NEIGHBORHOOD IN ORLEANS PARISH. THE YOUTH DEMONSTRATION PROJECT IS ANOTHER PROGRAM THAT PREPARES AND CONNECTS INDIVIDUALS AGED 16 THROUGH 24 TO QUALITY EMPLOYMENT OPPORTUNITIES IN HIGHER WAGES, DEMAND, AND GROWTH INDUSTRIES. ADVANCING CITIES PROGRAM WORKS WITH MULTI-AGENCY COLLABORATIVE AGENCIES AND COMMUNITY STAKEHOLDERS TO DEVELOP INVESTMENT STRATEGIES IN THE BURGEONING BLUE-GREEN INFRASTRUCTURE INDUSTRY.
    Expenses $3,376,132 · grants $1,147,158 · revenue $76,950

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025Not on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
27-3654312
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2011
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$4,536,164
Income (IRS master file)
$3,743,763

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2023$3,743,763$4,447,471$4,536,164XML
990December 2022$4,026,850$5,644,705$4,394,444IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-3654312).

Questions about NOLA BUSINESS ALLIANCE

What is the EIN of NOLA BUSINESS ALLIANCE?
The employer identification number (EIN) of NOLA BUSINESS ALLIANCE is 27-3654312.
Is NOLA BUSINESS ALLIANCE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
Are donations to NOLA BUSINESS ALLIANCE tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does NOLA BUSINESS ALLIANCE file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of NOLA BUSINESS ALLIANCE due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did NOLA BUSINESS ALLIANCE last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2023.
Who is the principal officer of NOLA BUSINESS ALLIANCE?
The 990 for the year ended December 31, 2023 names LOUIS DAVID.
Who are the officers and directors of NOLA BUSINESS ALLIANCE?
The 990 for the year ended December 31, 2023 lists 24 people; 3 received compensation from the organization, the highest $213,557 (NORMAL BARNUM, PRESIDENT/CE).
How much revenue does NOLA BUSINESS ALLIANCE have?
On its 990 for the year ended December 31, 2023 it reported revenue of $3,743,763, expenses of $4,447,471 and total assets of $4,536,164 at year end.

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