Civic Intelligence

The Catalyst Fund

990 • Fiscal year 2023 • EIN 46-4841836

Jan 01, 2023 to Dec 31, 2023 • Filed on Feb 02, 2025

Organization ProfileN/A
7117 Florida BoulevardBaton Rouge, LA 70806

(225) 215-2465

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$3,219,817

Up $16,457 (+0.5%) from 2022

Net Assets

Down

$3,113,486

Down $89,874 (-2.8%) from 2022

Liabilities

Up

$106,331

Up $106,331 from 2022

Revenue And Expenses

Revenue

Down

$18,395

Down $83,505 (-82%) from 2022

Expenses

Down

$108,269

Down $2,505 (-2.3%) from 2022

Net Income

Down

-$89,874

Down $81,000 (-913%) from 2022

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 2023: $3,219,817Liabilities 2023: $106,331Net Assets 2023: $3,113,4862023Assets 2024: $3,279,059Liabilities 2024: $10,001Net Assets 2024: $3,269,0582024

Highlighted filing

2023

Assets$3,219,817
Liabilities$106,331
Net Assets$3,113,486
Open 2023 Filing

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 2023: $18,395Expenses 2023: $108,269Net Income 2023: -$89,8742023Revenue 2024: $7,700Expenses 2024: $1,129Net Income 2024: $6,5712024

Highlighted filing

2023

Revenue$18,395
Expenses$108,269
Net Income-$89,874
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Feb 2, 2025
Return Version
2023v6.0
Gross Receipts
$18,395
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$2,304,657$2,524,657▲ $220,000
Cash and Non-Interest-Bearing Accounts$822,140$655,041▼ $167,099
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$3,203,360$3,219,817▲ $16,457
Other Assets Total$76,563$40,119▼ $36,444
Liabilities
Accounts Payable and Accrued Expenses-$106,205-
Other Liabilities-$126-
Total Liabilities$0$106,331▲ $106,331
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,203,360$3,113,486▼ $89,874
Total Net Assets Fund Balance$3,203,360$3,113,486▼ $89,874
Total Liabilities and Net Assets / Fund Balance$3,203,360$3,219,817▲ $16,457

Asset Categories

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

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$18,395
Other Revenue
$0
Change in Net Assets
$-89,874
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$106,205
Other Expenses$2,064
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-$106,205-$106,205
Other Expenses-$169-$169
Total Functional Expenses$0$108,269$0$108,269
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
Credit Card Payable$125
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, Section B, Line 11B

“No review was or will be conducted.”

Form 990, Part VI, Section C, Line 19

“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
2025-02-02
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

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 94,730TOTAL TO FORM 990, PART XI LINE 9 94,730FORM 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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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt012802
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IRS990ScheduleA/TotalSupportAmt0272159
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CREDIT CARD PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Rounding
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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IRS990ScheduleD/TotalLiabilityAmt0126
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 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 94,730TOTAL TO FORM 990, PART XI LINE 9 94,730FORM 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, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2DESCRIPTION OF ORGANIZATION
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1RED STICK ANGEL NETWORK INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0462219934
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1844276885
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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
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd170806
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IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/AllPartnersC3SInd0false
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/AllPartnersC3SInd1false
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/AllPartnersC3SInd2false
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/AllPartnersC3SInd3false
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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IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0HEALTH TECHNOLOGY
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt1TEST PREP PROGRAM
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt2TECHNOLOGY
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt3TECHNOLOGY
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt0440 NORTH 3RD STREET STE 201-A
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt17117 FLORIDA BLVD
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt2PO BOX 171305
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt3PO BOX 171305
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/USAddress/CityNm0BATON ROUGE
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/USAddress/CityNm1BATON ROUGE
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/USAddress/CityNm2SALT LAKE CITY
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/USAddress/CityNm3SALT LAKE CITY
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03203360

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,219,817
Liabilities
$106,331
Net assets
$3,113,486
Revenue
$18,395
Expenses
$108,269
Net income
-$89,874
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.28$0.01$3.27$0.01$0.00$0.01
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.26$0.00$3.26$0.02$0.11$0.09
2023Detailed filing. Detailed filing data is available for this year.$3.22$0.11$3.11$0.02$0.11$0.09
2022Detailed filing. Detailed filing data is available for this year.$3.20$0.00$3.20$0.10$0.11$0.01
2021Detailed filing. Detailed filing data is available for this year.$2.79$0.00$2.79$0.01$0.11$0.10
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.21$0.18$3.03$0.31$0.10$0.21
2019Detailed filing. Detailed filing data is available for this year.$2.37$0.01$2.37$0.07$0.14$0.08
2018Detailed filing. Detailed filing data is available for this year.$3.63$0.01$3.63$0.26$0.24$0.01
2017Detailed filing. Detailed filing data is available for this year.$2.42$0.00$2.42$0.84$0.24$0.61
2016Detailed filing. Detailed filing data is available for this year.$1.81$0.00$1.81$1.32$0.27$1.04
2015Detailed filing. Detailed filing data is available for this year.$0.77$0.00$0.77$1.15$0.41$0.74
2014Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.09$0.06$0.03