Civic Intelligence

Innovation Catalyst Inc.

990 • Fiscal year 2021 • EIN 46-2219934

Jan 01, 2021 to Dec 31, 2021 • Filed on Feb 21, 2024

Organization ProfileWWW.INNOVATIONCATALYST.US
7117 Florida Blvd 202Baton Rouge, LA 70806

(225) 215-2465

Siviq Scores

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

Liabilities / Assets

75th percentile

0.07x

Higher debt load relative to assets than 75% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

72nd percentile

0.03x

Higher debt load relative to revenue than 72% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

77th percentile

33%

Higher net margin than 77% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

99th percentile

$178,479

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 76.5% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

3rd percentile

-96%

Faster asset growth than 3% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

69th percentile

35%

Faster revenue growth than 69% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets75th percentile

Assets

Down

$114,365

Down $3,120,302 (-96%) from 2020

Net Assets

Down

$106,763

Down $2,847,288 (-96%) from 2020

Liabilities

Down

$7,602

Down $273,014 (-97%) from 2020

Revenue And Expenses
Liabilities / Revenue72nd percentileNet Margin77th percentile

Revenue

Up

$233,403

Up $60,369 (+35%) from 2020

Expenses

Up

$155,956

Up $7,341 (+4.9%) from 2020

Net Income

Up

$77,447

Up $53,028 (+217%) from 2020

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

2021

Assets$114,365
Liabilities$7,602
Net Assets$106,763
Open 2021 Filing

Operations Trend

Revenue Growth69th 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

2021

Revenue$233,403
Expenses$155,956
Net Income$77,447
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Feb 21, 2024
Return Version
2021v4.1
Gross Receipts
$233,403
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$3,040,670$0▼ $3,040,670
Accounts Receivable$179,039$0▼ $179,039
Cash and Non-Interest-Bearing Accounts-$108,038-
Prepaid Expenses and Deferred Charges$14,375$5,994▼ $8,381
Land, Buildings, and Equipment, Net$583$333▼ $250
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$3,234,667$114,365▼ $3,120,302
Other Assets Total-$0-
Liabilities
Unsecured Notes Loans Payable$20,852--
Accounts Payable and Accrued Expenses$10,249$7,601▼ $2,648
Other Liabilities$249,515$1▼ $249,514
Total Liabilities$280,616$7,602▼ $273,014
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,954,051$106,763▼ $2,847,288
Total Net Assets Fund Balance$2,954,051$106,763▼ $2,847,288
Total Liabilities and Net Assets / Fund Balance$3,234,667$114,365▼ $3,120,302

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$333$11,631-
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
William EllisonCEOPT$90,951$87,528$90,951

Board Members and Trustees

NameTitle
Veneeth IyengarBoard Chairman
Jim OdomDirector
Michael MolesDirector
Paige CarterDirector
Preston CastilleDirector
Stephanie CargileDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$233,403
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$212,551
Change in Net Assets
$77,447

Audited Revenue Reconciliation

Revenue per Audited Statements
$233,403
Total Revenue per Audited Statements
$233,403
Total Revenue per Form 990
$233,403
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$96,591
Other Expenses$59,365
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$90,951--$90,951
Fees for Services Accounting-$16,418-$16,418
Insurance-$11,627-$11,627
Fees for Services Management-$8,433-$8,433
Payroll Taxes$5,640--$5,640
Occupancy-$4,370-$4,370
Information Technology-$1,940-$1,940
Fees for Services Other-$1,538-$1,538
Fees for Services Legal-$1,140-$1,140
Travel-$586-$586
Advertising-$500-$500
Other Expenses-$476-$476
Office Expenses-$445-$445
All Other Expenses-$298-$298
Depreciation Depletion-$250-$250
Total Functional Expenses$96,591$59,365$0$155,956

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$155,956
Total Expenses per Audited Statements$155,956
Total Expenses per Form 990$155,956
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rounding$1
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, Line 11B: Form 990 Review Process

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

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“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, Line 15A: Compensation Review & Approval Process - CEO, Top Management

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

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Innovation Catalyst Inc
EIN
46-2219934
Phone
2252152465
Address
7117 FLORIDA BLVD 202, BATON ROUGE, LA 70806

Signing Officer

Name
William Ellison
Title
CEO
Signed
2024-02-21
Discuss with paid preparer
Yes

Organization Details

Formed
2012
Legal Domicile
La
Voting Board Members
5
Independent Board Members
5
Employees
1

Preparer

Firm
Pedelahore & Co LLP
Address
3445 N Causeway Blvd Ste 300, Metairie, LA 70002
Preparer
Robert J Mora
Phone
5045228708
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2: Change of Oversight or Selection Process

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

Financial Statement Notes

Part X : FIN48 Footnote

“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.”

Raw XML AppendixShowing 400 of 489 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt010249
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt07601
IRS990/AccountsReceivableGrp/BOYAmt0179039
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO ACCELERATE THE GROWTH OF THE LOUISIANA TECHNOLOGY-BASED ECONOMY BY IDENTIFYING, EDUCATING AND CONNECTING ENTREPRENEURS, INVESTORS, UNIVERSITIES, GOVERNMENT AGENCIES AND BUSINESSES.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0500
IRS990/AdvertisingGrp/TotalAmt0500
IRS990/AllOtherContributionsAmt0212551
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0298
IRS990/AllOtherExpensesGrp/TotalAmt0298
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0SYLVIA ALANIZ
IRS990/BooksInCareOfDetail/PhoneNum02256122113
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt07117 FLORIDA BLVD
IRS990/BooksInCareOfDetail/USAddress/CityNm0BATON ROUGE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0LA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0708064549
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/EOYAmt0108038
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt090951
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt090951
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0true
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0233403
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt059365
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt077447
IRS990/CYSalariesCompEmpBnftPaidAmt096591
IRS990/CYTotalExpensesAmt0155956
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0233403
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0250
IRS990/DepreciationDepletionGrp/TotalAmt0250
IRS990/Desc0THE CATALYST FUND: A NON-PROFIT EVERGREEN SEED SLATED TO MAKE 3-4 INVESTMENTS PER YEAR IN EARLY-STAGE HIGH IMPACT LOUISIANA STARTUPS.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt01
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt096591
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt016418
IRS990/FeesForServicesAccountingGrp/TotalAmt016418
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt01140
IRS990/FeesForServicesLegalGrp/TotalAmt01140
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt08433
IRS990/FeesForServicesManagementGrp/TotalAmt08433
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt01538
IRS990/FeesForServicesOtherGrp/TotalAmt01538
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282FiledCnt00
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt020.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt020.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.50
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0WILLIAM ELLISON
IRS990/Form990PartVIISectionAGrp/PersonNm1VENEETH IYENGAR
IRS990/Form990PartVIISectionAGrp/PersonNm2STEPHANIE CARGILE
IRS990/Form990PartVIISectionAGrp/PersonNm3MICHAEL MOLES
IRS990/Form990PartVIISectionAGrp/PersonNm4JIM ODOM
IRS990/Form990PartVIISectionAGrp/PersonNm5PRESTON CASTILLE
IRS990/Form990PartVIISectionAGrp/PersonNm6PAIGE CARTER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt090951
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt087528
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02012
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GovernmentGrantsAmt020852
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0233403
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt01940
IRS990/InformationTechnologyGrp/TotalAmt01940
IRS990/InsuranceGrp/ManagementAndGeneralAmt011627
IRS990/InsuranceGrp/TotalAmt011627
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt03040670
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt011631
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0583
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0333
IRS990/LandBldgEquipCostOrOtherBssAmt011964
IRS990/LegalDomicileStateCd0LA
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO ACCELERATE THE GROWTH OF THE LOUISIANA TECHNOLOGY-BASED ECONOMY BY IDENTIFYING, EDUCATING AND CONNECTING ENTREPRENEURS, INVESTORS, UNIVERSITIES, GOVERNMENT AGENCIES AND BUSINESSES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt02954051
IRS990/NetAssetsOrFundBalancesEOYAmt0106763
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02954051
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0106763
IRS990/NoncashContributionsAmt012803
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt04370
IRS990/OccupancyGrp/TotalAmt04370
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0445
IRS990/OfficeExpensesGrp/TotalAmt0445
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0AWARDS
IRS990/OtherExpensesGrp/Desc1DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc2PROFESSIONAL DEVELOPMENT
IRS990/OtherExpensesGrp/Desc3MEALS & ENTERTAINMENT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt010218
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1595
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2531
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3476
IRS990/OtherExpensesGrp/TotalAmt010218
IRS990/OtherExpensesGrp/TotalAmt1595
IRS990/OtherExpensesGrp/TotalAmt2531
IRS990/OtherExpensesGrp/TotalAmt3476
IRS990/OtherLiabilitiesGrp/BOYAmt0249515
IRS990/OtherLiabilitiesGrp/EOYAmt01
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt05640
IRS990/PayrollTaxesGrp/TotalAmt05640
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt014375
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05994
IRS990/PriorPeriodAdjustmentsAmt0-2924735
IRS990/ProfessionalFundraisingInd0false
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/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0173034
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt053071
IRS990/PYRevenuesLessExpensesAmt024419
IRS990/PYSalariesCompEmpBnftPaidAmt095544
IRS990/PYTotalExpensesAmt0148615
IRS990/PYTotalRevenueAmt0173034
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt077447
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0true
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0199748
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0173034
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt078218
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0498500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0350000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01299500
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0-581
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt06350
IRS990ScheduleA/OtherIncome170Grp/TotalAmt05769
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99560
IRS990ScheduleA/PublicSupportPY170Pct00.99570
IRS990ScheduleA/PublicSupportTotal170Amt01299500
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0199748
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0173034
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt078218
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0498500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0350000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01299500
IRS990ScheduleA/TotalSupportAmt01305269
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt0333
IRS990ScheduleD/EquipmentGrp/DepreciationAmt011631
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt011964
IRS990ScheduleD/ExpensesSubtotalAmt0155956
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Rounding
IRS990ScheduleD/RevenueSubtotalAmt0233403
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PART 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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0333
IRS990ScheduleD/TotalExpensesPerForm990Amt0155956
IRS990ScheduleD/TotalLiabilityAmt01
IRS990ScheduleD/TotalRevenuePerForm990Amt0233403
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0233403
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0155956
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt090951
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt087528
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0WILLIAM ELLISON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt090951
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt087528
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd0true
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 EMPLOYMENT CONTRACT WAS NEGOTIATED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION HAS A COMMITTEE RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AND THE SELECTION OF AN INDEPENDENT ACCOUNANT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XII, Line 2: Change of Oversight or Selection Process
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0INNOVATION CATALYST INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1INNOVATION CATALYST INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0THE CATALYST FUND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1RED STICK ANGEL NETWORK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0464841836
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1844276885
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(6)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0LA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1LA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TO PROMOTE SOCIAL WELFARE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1TO ACCELERATE GROWTH OF EARLY BUSINESS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1LINE 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt07117 FLORIDA BLVD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt17117 FLORIDA BLVD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0BATON ROUGE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1BATON ROUGE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0LA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1LA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd0708064549
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd1708064549
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0true
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$114,365
Liabilities
$7,602
Net assets
$106,763
Revenue
$233,403
Expenses
$155,956
Net income
$77,447
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
2021Detailed filing. Detailed filing data is available for this year.$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
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