Civic Intelligence

Innovation Catalyst Inc.

990 • Fiscal year 2019 • EIN 46-2219934

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 11, 2020

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

43rd percentile

0.05x

Higher debt load relative to assets than 43% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

89th percentile

1.50x

Higher debt load relative to revenue than 89% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

1st percentile

-234%

Higher net margin than 1% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

87th percentile

$173,189

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 221.4% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

3rd percentile

-36%

Faster asset growth than 3% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

1st percentile

-84%

Faster revenue growth than 1% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets43rd percentile

Assets

Down

$2,372,372

Down $1,329,814 (-36%) from 2018

Net Assets

Down

$2,254,792

Down $1,442,941 (-39%) from 2018

Liabilities

Up

$117,580

Up $113,127 (+2540%) from 2018

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin1st percentile

Revenue

Down

$78,218

Down $420,282 (-84%) from 2018

Expenses

Down

$261,474

Down $25,809 (-9.0%) from 2018

Net Income

Down

-$183,256

Down $394,473 (-187%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth3rd 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

2019

Assets$2,372,372
Liabilities$117,580
Net Assets$2,254,792
Open 2019 Filing

Operations Trend

Revenue Growth1st 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

2019

Revenue$78,218
Expenses$261,474
Net Income-$183,256
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 11, 2020
Return Version
2019v5.1
Gross Receipts
$78,218
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$3,625,515$2,365,830▼ $1,259,685
Accounts Receivable$66,000--
Cash and Non-Interest-Bearing Accounts$10,329--
Prepaid Expenses and Deferred Charges-$6,473-
Land, Buildings, and Equipment, Net$342$69▼ $273
Total Assets$3,702,186$2,372,372▼ $1,329,814
Liabilities
Other Liabilities$0$115,123▲ $115,123
Accounts Payable and Accrued Expenses$4,453$2,457▼ $1,996
Total Liabilities$4,453$117,580▲ $113,127
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,697,733$2,254,792▼ $1,442,941
Total Net Assets Fund Balance$3,697,733$2,254,792▼ $1,442,941
Total Liabilities and Net Assets / Fund Balance$3,702,186$2,372,372▼ $1,329,814

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$69$13,178-
Other Securities$2,365,830--
Compensation and Service Providers
Top Officer Pay87th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
William EllisonCEOFT$108,791$10,708$119,499
Louis FreemanPresident/CEO-formerFT$83,619$2,978$86,597

Board Members and Trustees

NameTitle
Veneeth IyengarBoard Chairman
Nanette NolandBoard Chairman-former
Michael MolesVice Chairman
John DaviesDirector-former
John Terrell BrownDirector-former
Michael KirbyDirector-former
Shawn UsherDirector-former
Stephanie CargileSecretary-treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$78,218
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$78,218
Change in Net Assets
$-183,256

Audited Revenue Reconciliation

Revenue per Audited Statements
$78,218
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-1,254,496
Total Revenue per Audited Statements
$-1,176,278
Total Revenue per Form 990
$78,218
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$197,724
Other Expenses$63,750
Total Fundraising Expense$3,090
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$125,136$57,333-$182,469
Fees for Services Accounting-$20,306-$20,306
Interest-$12,967-$12,967
Insurance-$10,172-$10,172
Fees for Services Legal-$9,210-$9,210
Payroll Taxes$8,569--$8,569
Other Employee Benefits$6,686--$6,686
Office Expenses-$1,171-$1,171
Other Expenses$1,162$877$3,090$877
All Other Expenses$309$481-$790
Travel$312--$312
Depreciation Depletion-$273-$273
Total Functional Expenses$142,174$116,210$3,090$261,474

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$266,663
Total Expenses per Form 990$261,474
Expenses per Audited Statements$248,507
Expenses Not Reported on Form 990$18,156
Expenses Not Reported on Financial Statements$12,967
Other Expense Adjustments$12,967
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Subsidiary$115,123
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 35% controlled entity
No
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

“The board hired william ellison effective 1/1/2020. Mr. Ellison's employmeny contract was negotiated by the board.”

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
2020-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Ellison
Formed
2012
Legal Domicile
La
Voting Board Members
3
Independent Board Members
3
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 XI, LINE 9:

“Loss from subsidaries -1,259,685.”

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:

“Loss from subsidiary -1,259,685. Negative interest income -12,967.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Negative interest income 12,967.”

Raw XML AppendixShowing 400 of 506 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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IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0WOMEN & MINORITY SUPPORT: CULTIVATE HIGH POTENTIAL WOMEN AND MINORITY ENTREPRENEURS, INCREASING THEIR AWARENESS AND ACCESS OF PROGRAMS IN ENTREPRENEURSHIP, COMPUTER SCIENCE AND ENGINEERING.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0498500
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt061689
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0211217
IRS990/PYSalariesCompEmpBnftPaidAmt0225594
IRS990/PYTotalExpensesAmt0287283
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0498500
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-183256
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt078218
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0498500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0350000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0726251
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0537000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02189969
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt084
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt084
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0-581
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt06350
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt02017
IRS990ScheduleA/OtherIncome170Grp/TotalAmt07786
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99640
IRS990ScheduleA/PublicSupportPY170Pct00.99700
IRS990ScheduleA/PublicSupportTotal170Amt02189969
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt078218
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0498500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0350000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0726251
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0537000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02189969
IRS990ScheduleA/TotalSupportAmt02197839
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/DonatedServicesAndUseFcltsAmt018156
IRS990ScheduleD/DonatedServicesUseFcltsAmt018156
IRS990ScheduleD/EquipmentGrp/BookValueAmt069
IRS990ScheduleD/EquipmentGrp/DepreciationAmt013178
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt013247
IRS990ScheduleD/ExpensesNotReportedAmt018156
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt012967
IRS990ScheduleD/ExpensesSubtotalAmt0248507
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesNotIncludedAmt012967
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0115123
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO SUBSIDIARY
IRS990ScheduleD/OtherRevenueAmt0-1272652
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt02365830
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INVESTMENT IN SUBSIDIARY
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/RevenueNotReportedAmt0-1254496
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt078218
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/ExplanationTxt1LOSS FROM SUBSIDIARY -1,259,685. NEGATIVE INTEREST INCOME -12,967.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2NEGATIVE INTEREST INCOME 12,967.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt069
IRS990ScheduleD/TotalBookValueSecuritiesAmt02365830
IRS990ScheduleD/TotalExpensesPerForm990Amt0261474
IRS990ScheduleD/TotalLiabilityAmt0115123
IRS990ScheduleD/TotalRevenuePerForm990Amt078218
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0-1176278
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0266663
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0108791
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt183619
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt050081
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt181381
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/NontaxableBenefitsFilingOrgAmt03708
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt12978
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt03609
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt12898
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt07000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0WILLIAM ELLISON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1LOUIS FREEMAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1PRESIDENT/CEO-FORMER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0119499
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt186597
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt053690
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt184279
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
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/ExplanationTxt2THE BOARD HIRED WILLIAM ELLISON EFFECTIVE 1/1/2020. MR. ELLISON'S EMPLOYMENY CONTRACT WAS NEGOTIATED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THESE STATEMENTS/DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4LOSS FROM SUBSIDARIES -1,259,685.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE 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 XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
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

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,372,372
Liabilities
$117,580
Net assets
$2,254,792
Revenue
$78,218
Expenses
$261,474
Net income
-$183,256
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
2019Detailed filing. Detailed filing data is available for this year.$2.37$0.12$2.25$0.08$0.26$0.18
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$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
Peer Organizations

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