Civic Intelligence

Innovation Catalyst Inc.

990 • Fiscal year 2018 • EIN 46-2219934

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 15, 2019

Organization ProfileWWW.INNOVATIONCATALYST.US
7117 Florida BlvdBaton Rouge, LA 70806-4549

(225) 215-2465

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

18th percentile

0.00x

Higher debt load relative to assets than 18% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

22nd percentile

0.01x

Higher debt load relative to revenue than 22% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

89th percentile

42%

Higher net margin than 89% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

93rd percentile

$268,531

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 53.9% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

91st percentile

47%

Faster asset growth than 91% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

85th percentile

40%

Faster revenue growth than 85% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets18th percentile

Assets

Up

$3,702,186

Up $1,183,804 (+47%) from 2017

Net Assets

Up

$3,697,733

Up $1,179,351 (+47%) from 2017

Liabilities

Up

$4,453

Up $4,453 from 2017

Revenue And Expenses
Liabilities / Revenue22nd percentileNet Margin89th percentile

Revenue

Up

$498,500

Up $142,150 (+40%) from 2017

Expenses

Down

$287,283

Down $12,056 (-4.0%) from 2017

Net Income

Up

$211,217

Up $154,206 (+270%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth91st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MAssets 2013: $26,890Liabilities 2013: $24,387Net Assets 2013: $2,5032013Assets 2015: $938,880Liabilities 2015: $13,748Net Assets 2015: $925,1322015Assets 2016: $2,083,488Liabilities 2016: $2,430Net Assets 2016: $2,081,0582016Assets 2017: $2,518,382Liabilities 2017: $0Net Assets 2017: $2,518,3822017Assets 2018: $3,702,186Liabilities 2018: $4,453Net Assets 2018: $3,697,7332018Assets 2019: $2,372,372Liabilities 2019: $117,580Net Assets 2019: $2,254,7922019Assets 2020: $3,234,667Liabilities 2020: $280,616Net Assets 2020: $2,954,0512020Assets 2021: $114,365Liabilities 2021: $7,602Net Assets 2021: $106,7632021Assets 2022: $24,216Liabilities 2022: $40,247Net Assets 2022: -$16,0312022Assets 2023: $89,820Liabilities 2023: $219,595Net Assets 2023: -$129,7752023Assets 2024: $248,567Liabilities 2024: $491,766Net Assets 2024: -$243,1992024

Highlighted filing

2018

Assets$3,702,186
Liabilities$4,453
Net Assets$3,697,733
Open 2018 Filing

Operations Trend

Revenue Growth85th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2013: $270,286Expenses 2013: $267,784Net Income 2013: $2,5022013Revenue 2015: $537,000Expenses 2015: $269,316Net Income 2015: $267,6842015Revenue 2016: $728,352Expenses 2016: $354,034Net Income 2016: $374,3182016Revenue 2017: $356,350Expenses 2017: $299,339Net Income 2017: $57,0112017Revenue 2018: $498,500Expenses 2018: $287,283Net Income 2018: $211,2172018Revenue 2019: $78,218Expenses 2019: $261,474Net Income 2019: -$183,2562019Revenue 2020: $173,034Expenses 2020: $148,615Net Income 2020: $24,4192020Revenue 2021: $233,403Expenses 2021: $155,956Net Income 2021: $77,4472021Revenue 2022: $20,060Expenses 2022: $142,854Net Income 2022: -$122,7942022Revenue 2023: $29,098Expenses 2023: $142,912Net Income 2023: -$113,8142023Revenue 2024: $162,977Expenses 2024: $276,401Net Income 2024: -$113,4242024

Highlighted filing

2018

Revenue$498,500
Expenses$287,283
Net Income$211,217
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 15, 2019
Return Version
2018v3.1
Gross Receipts
$498,500
Mission and Program Overview

Mission

To accelerate the growth of the louisiana technology-based economy by identifying, educating and connecting entrepreneurs, investors, universities, government agencies and businesses.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$2,420,821$3,625,515▲ $1,204,694
Accounts Receivable$1,069$66,000▲ $64,931
Cash and Non-Interest-Bearing Accounts$95,227$10,329▼ $84,898
Other Notes and Loans Receivable, Net$650--
Land, Buildings, and Equipment, Net$615$342▼ $273
Total Assets$2,518,382$3,702,186▲ $1,183,804
Liabilities
Accounts Payable and Accrued Expenses-$4,453-
Total Liabilities$0$4,453▲ $4,453
Net Assets / Fund Balance
Unrestricted Net Assets$2,518,382$3,697,733▲ $1,179,351
Total Net Assets Fund Balance$2,518,382$3,697,733▲ $1,179,351
Total Liabilities and Net Assets / Fund Balance$2,518,382$3,702,186▲ $1,183,804

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$342$12,905-
Other Securities$3,625,515--
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Louis FreemanPresident/CEO, DirectorPT$126,331$4,145$130,476
William EllisonKey EmployeePT$83,629$5,176$88,805

Board Members and Trustees

NameTitle
Nanette NolandBoard Chairman
John DaviesDirector
John Terrell BrownDirector
Michael KirbyDirector
Shawn UsherDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$498,500
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$498,500
Change in Net Assets
$211,217

Audited Revenue Reconciliation

Revenue per Audited Statements
$498,500
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$809,862
Total Revenue per Audited Statements
$1,308,362
Total Revenue per Form 990
$498,500
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$225,594
Other Expenses$61,689
Total Fundraising Expense$2,625
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$204,915--$204,915
Fees for Services Other-$48,950-$48,950
Payroll Taxes$10,484--$10,484
Other Employee Benefits$10,195--$10,195
Insurance-$5,435-$5,435
All Other Expenses-$965-$965
Office Expenses-$705-$705
Other Expenses$581$600$2,625$581
Travel$357--$357
Depreciation Depletion-$273-$273
Total Functional Expenses$227,730$56,928$2,625$287,283

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$301,786
Total Expenses per Form 990$287,283
Expenses per Audited Statements$286,702
Expenses Not Reported on Form 990$15,084
Expenses Not Reported on Financial Statements$581
Other Expense Adjustments$581
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The organization's board of directors will review form 990 prior to filing with the irs.”

Form 990, Part VI, Section B, Line 12C

“The conflict of interest policy is annually reviewed by the organization's management. Management and board members must sign a disclosure statement annually stating that they have read, understand, and will comply with the policy. Board members must recuse themselves from voting on any matters holding a related interest.”

Form 990, Part VI, Section B, Line 15A

“An independent compensation committee comprised of board members used a search firm/compensation consultant to determine compensation of jeanne bayless, the previous ceo. Louis freeman, the ceo hired in 2016, received the same salary which was approved by the board. Mr. Freeman is an at will employee; he has no employment agreement.”

Form 990, Part VI, Section C, Line 19

“These statements/documents are not available to the public.”

Filing and Contact Details

Filer

Filer Name
Innovation Catalyst Inc
EIN
46-2219934
Phone
2252152465
Address
7117 FLORIDA BLVD, BATON ROUGE, LA 70806-4549
Doing Business As
Innovation Catalyst Inc

Signing Officer

Name
William Ellison
Title
Officer
Phone
2252152465
Signed
2019-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Ellison
Formed
2012
Legal Domicile
La
Voting Board Members
6
Independent Board Members
5
Employees
2
Volunteers
0

Preparer

Firm
Laporte Apac
Address
111 VETERANS MEMORIAL BLVD 600, METAIRIE, LA 70005-4958
Preparer
Jeanne M Driscoll CPA
Phone
5048355522
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Professional fees: program service expenses 0. Management and general expenses 48,950. Fundraising expenses 0. Total expenses 48,950.”

FORM 990, PART XI, LINE 9:

“Income from subsidaries 795,359.”

Form 990, Part XII, Line 2C

“The organization has a committee responsible for the oversight of the audit and the selection of an independent accountant.”

Financial Statement Notes

PART X, LINE 2:

“Accounting principles generally accepted in the united states of america provide accounting and disclosure guidance about positions taken by an entity in its tax returns that might be uncertain. The company believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the consolidated financial statements. Penalties and interest assessed by income taxing authorities, if any, would be included in operating expenses.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Gain from subsidiary 795,359. Negative revenue -581.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“NEGATIVE REVENUE 581.”

Raw XML AppendixShowing 400 of 480 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0498500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0350000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0726251
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0537000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0463773
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02575524
IRS990ScheduleA/TotalSupportAmt02583394
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt015084
IRS990ScheduleD/DonatedServicesUseFcltsAmt015084
IRS990ScheduleD/EquipmentGrp/BookValueAmt0342
IRS990ScheduleD/EquipmentGrp/DepreciationAmt012905
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt013247
IRS990ScheduleD/ExpensesNotReportedAmt015084
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0581
IRS990ScheduleD/ExpensesSubtotalAmt0286702
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesNotIncludedAmt0581
IRS990ScheduleD/OtherRevenueAmt0794778
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt03625515
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INVESTMENT IN SUBSIDIARY
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/RevenueNotReportedAmt0809862
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0498500
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PROVIDE ACCOUNTING AND DISCLOSURE GUIDANCE ABOUT POSITIONS TAKEN BY AN ENTITY IN ITS TAX RETURNS THAT MIGHT BE UNCERTAIN. THE COMPANY BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS. PENALTIES AND INTEREST ASSESSED BY INCOME TAXING AUTHORITIES, IF ANY, WOULD BE INCLUDED IN OPERATING EXPENSES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1GAIN FROM SUBSIDIARY 795,359. NEGATIVE REVENUE -581.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2NEGATIVE REVENUE 581.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0342
IRS990ScheduleD/TotalBookValueSecuritiesAmt03625515
IRS990ScheduleD/TotalExpensesPerForm990Amt0287283
IRS990ScheduleD/TotalRevenuePerForm990Amt0498500
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01308362
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0301786
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0126331
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt183629
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0133669
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt188486
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt04145
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt15176
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt04386
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt15476
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0LOUIS FREEMAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1WILLIAM ELLISON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO, DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1KEY EMPLOYEE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0130476
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt188805
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0138055
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt193962
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S BOARD OF DIRECTORS WILL REVIEW FORM 990 PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CONFLICT OF INTEREST POLICY IS ANNUALLY REVIEWED BY THE ORGANIZATION'S MANAGEMENT. MANAGEMENT AND BOARD MEMBERS MUST SIGN A DISCLOSURE STATEMENT ANNUALLY STATING THAT THEY HAVE READ, UNDERSTAND, AND WILL COMPLY WITH THE POLICY. BOARD MEMBERS MUST RECUSE THEMSELVES FROM VOTING ON ANY MATTERS HOLDING A RELATED INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AN INDEPENDENT COMPENSATION COMMITTEE COMPRISED OF BOARD MEMBERS USED A SEARCH FIRM/COMPENSATION CONSULTANT TO DETERMINE COMPENSATION OF JEANNE BAYLESS, THE PREVIOUS CEO. LOUIS FREEMAN, THE CEO HIRED IN 2016, RECEIVED THE SAME SALARY WHICH WAS APPROVED BY THE BOARD. MR. FREEMAN IS AN AT WILL EMPLOYEE; HE HAS NO EMPLOYMENT AGREEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THESE STATEMENTS/DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 48,950. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 48,950.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5INCOME FROM SUBSIDARIES 795,359.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION HAS A COMMITTEE RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0INNOVATION CATALYST INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0THE CATALYST FUND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0464841836
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0LA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TO PROMOTE SOCIAL WELFARE IN DISTRESSED COMMUNITIES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt07117 FLORIDA BLVD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0BATON ROUGE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0LA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd0708064549
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd01
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0236560
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1238697
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0THE CATALYST FUND
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1THE CATALYST FUND
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1O
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,702,186
Liabilities
$4,453
Net assets
$3,697,733
Revenue
$498,500
Expenses
$287,283
Net income
$211,217
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.25$0.49$0.24$0.16$0.28$0.11
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.09$0.22$0.13$0.03$0.14$0.11
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.02$0.04$0.02$0.02$0.14$0.12
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.11$0.01$0.11$0.23$0.16$0.08
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.23$0.28$2.95$0.17$0.15$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.37$0.12$2.25$0.08$0.26$0.18
2018Detailed filing. Detailed filing data is available for this year.$3.70$0.00$3.70$0.50$0.29$0.21
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.52$0.00$2.52$0.36$0.30$0.06
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.08$0.00$2.08$0.73$0.35$0.37
2015Detailed filing. Detailed filing data is available for this year.$0.94$0.01$0.93$0.54$0.27$0.27
2013Detailed filing. Detailed filing data is available for this year.$0.03$0.02$0.00$0.27$0.27$0.00