Civic Intelligence

The Catalyst Fund

990 • Fiscal year 2021 • EIN 46-4841836

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

7117 Florida BoulevardBaton Rouge, LA 70806

(225) 215-2465

Siviq Scores

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

Liabilities / Assets

21st percentile

0.00x

Higher debt load relative to assets than 21% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

73rd percentile

0.32x

Higher debt load relative to revenue than 73% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

1st percentile

-768%

Higher net margin than 1% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

88th percentile

$178,479

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 1394.1% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

6th percentile

-13%

Faster asset growth than 6% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

1st percentile

-96%

Faster revenue growth than 1% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Down

$2,789,624

Down $423,900 (-13%) from 2020

Net Assets

Down

$2,785,469

Down $244,506 (-8.1%) from 2020

Liabilities

Down

$4,155

Down $179,394 (-98%) from 2020

Revenue

Down

$12,802

Down $294,891 (-96%) from 2020

Expenses

Up

$111,098

Up $11,819 (+12%) from 2020

Net Income

Down

-$98,296

Down $306,710 (-147%) from 2020

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2014: $31,689Liabilities 2014: $0Net Assets 2014: $31,6892014Assets 2015: $769,964Liabilities 2015: $0Net Assets 2015: $769,9642015Assets 2016: $1,813,602Liabilities 2016: $69Net Assets 2016: $1,813,5332016Assets 2017: $2,420,821Liabilities 2017: $0Net Assets 2017: $2,420,8212017Assets 2018: $3,633,002Liabilities 2018: $7,487Net Assets 2018: $3,625,5152018Assets 2019: $2,371,735Liabilities 2019: $5,905Net Assets 2019: $2,365,8302019Assets 2020: $3,213,524Liabilities 2020: $183,549Net Assets 2020: $3,029,9752020Assets 2021: $2,789,624Liabilities 2021: $4,155Net Assets 2021: $2,785,4692021Assets 2022: $3,203,360Liabilities 2022: $0Net Assets 2022: $3,203,3602022Assets 2023: $3,262,488Liabilities 2023: $1Net Assets 2023: $3,262,4872023Assets 2024: $3,279,059Liabilities 2024: $10,001Net Assets 2024: $3,269,0582024

Highlighted filing

2021

Assets$2,789,624
Liabilities$4,155
Net Assets$2,785,469

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2014: $92,130Expenses 2014: $60,441Net Income 2014: $31,6892014Revenue 2015: $1,149,180Expenses 2015: $410,905Net Income 2015: $738,2752015Revenue 2016: $1,318,184Expenses 2016: $274,615Net Income 2016: $1,043,5692016Revenue 2017: $844,575Expenses 2017: $237,288Net Income 2017: $607,2872017Revenue 2018: $255,923Expenses 2018: $244,679Net Income 2018: $11,2442018Revenue 2019: $66,421Expenses 2019: $142,170Net Income 2019: -$75,7492019Revenue 2020: $307,693Expenses 2020: $99,279Net Income 2020: $208,4142020Revenue 2021: $12,802Expenses 2021: $111,098Net Income 2021: -$98,2962021Revenue 2022: $101,900Expenses 2022: $110,774Net Income 2022: -$8,8742022Revenue 2023: $18,395Expenses 2023: $108,268Net Income 2023: -$89,8732023Revenue 2024: $7,700Expenses 2024: $1,129Net Income 2024: $6,5712024

Highlighted filing

2021

Revenue$12,802
Expenses$111,098
Net Income-$98,296
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Feb 21, 2024
Return Version
2021v4.1
Gross Receipts
$12,802
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$2,252,209$2,470,114▲ $217,905
Cash and Non-Interest-Bearing Accounts$487,030$212,808▼ $274,222
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$3,213,524$2,789,624▼ $423,900
Other Assets Total$474,285$106,702▼ $367,583
Liabilities
Other Liabilities$178,389--
Accounts Payable and Accrued Expenses$5,160$4,155▼ $1,005
Total Liabilities$183,549$4,155▼ $179,394
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,029,975$2,785,469▼ $244,506
Total Net Assets Fund Balance$3,029,975$2,785,469▼ $244,506
Total Liabilities and Net Assets / Fund Balance$3,213,524$2,789,624▼ $423,900

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$36,800-
Compensation and Service Providers

Employees

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

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$12,802
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$12,802
Change in Net Assets
$-98,296
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$92,921
Other Expenses$18,177
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$87,523--$87,523
Fees for Services Management-$8,433-$8,433
Payroll Taxes$5,398--$5,398
Occupancy$4,370--$4,370
Fees for Services Accounting-$3,205-$3,205
Other Expenses$1,625$20-$20
Total Functional Expenses$98,916$12,182$0$111,098
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-
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

No review was or will be conducted.

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

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
The Catalyst Fund
EIN
46-4841836
Phone
2252152465
Address
7117 FLORIDA BOULEVARD, BATON ROUGE, LA 70806

Signing Officer

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

Organization Details

Principal Officer
William Ellison
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

Other Changes In Net Assets Or Fund Balances - Other Increases

Partnership distributions = $3472

Description of Organization

FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:IDENTIFYING, EDUCATING AND CONNECTING ENTREPRENEURS, INVESTORS, UNIVERSITIES, GOVERNMENT AGENCIES AND BUSINESSES.FORM 990, PART VI SECTION B, LINE 11B:THE ORGANIZATION'S BOARD OF DIRECTORS WILL REVIEW FORM 990 PRIOR TO FILING WITH THE IRSFORM 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 FORM 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. ELLISONS'S EMPLOYMENT CONTRACT WAS NEGOTIATED BY THE BOARD.FORM 990, PART VI, SECTION C, LINE 19:THESE STATEMENTS/DOCUMENTS ARE AVAILABLE UPON REQUESTFORM 990, PART XI, LINE 9, CAHNGES IN NET ASSESTS:PARTNERSHIP DISTRIBUTIONS 3,472TOTAL TO FORM 990, PART XI LINE 9 3,472FORM 990, PART XII, LINE 2CTHE ORGANIZATION HAS A COMMITTEE RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT.

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.

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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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0WILLIAM ELLISON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt087528
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PARTNERSHIP DISTRIBUTIONS = $3472
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:IDENTIFYING, EDUCATING AND CONNECTING ENTREPRENEURS, INVESTORS, UNIVERSITIES, GOVERNMENT AGENCIES AND BUSINESSES.FORM 990, PART VI SECTION B, LINE 11B:THE ORGANIZATION'S BOARD OF DIRECTORS WILL REVIEW FORM 990 PRIOR TO FILING WITH THE IRSFORM 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 FORM 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. ELLISONS'S EMPLOYMENT CONTRACT WAS NEGOTIATED BY THE BOARD.FORM 990, PART VI, SECTION C, LINE 19:THESE STATEMENTS/DOCUMENTS ARE AVAILABLE UPON REQUESTFORM 990, PART XI, LINE 9, CAHNGES IN NET ASSESTS:PARTNERSHIP DISTRIBUTIONS 3,472TOTAL TO FORM 990, PART XI LINE 9 3,472FORM 990, PART XII, LINE 2CTHE ORGANIZATION HAS A COMMITTEE RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Changes In Net Assets Or Fund Balances - Other Increases
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3DESCRIPTION OF ORGANIZATION
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1RED STICK ANGEL NETWORK
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1LA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TO PROMOTE SOCIAL WELFARE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1TO ACCELERATE THE GROWTH OF EARLY-STAGE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1LINE 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt07117 FLORIDA BLVD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt17117 FLORIDA BLVD
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IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/BusinessName/BusinessNameLine1Txt0KINESICS LLC
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/BusinessName/BusinessNameLine1Txt1RING PUBLICATIONS LLC
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/BusinessName/BusinessNameLine1Txt2RED STICK ANGEL VENTURES I
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/BusinessName/BusinessNameLine1Txt3RED STICK ANGEL VENTURES II
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