Civic Intelligence

Red Stick Angel Network Inc

990EZ • Fiscal year 2022 • EIN 84-4276885

Jan 01, 2022 to Dec 31, 2022 • Filed on Apr 17, 2024

Organization ProfileWWW.INNOVATIONCATALYST.US
7117 Florida BoulevardBaton Rouge, LA 70806

(225) 612-2113

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.51x

Higher debt load relative to assets than 92% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

86th percentile

0.28x

Higher debt load relative to revenue than 86% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Net Margin

24th percentile

-14%

Higher net margin than 24% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Top Officer Pay

72nd percentile

$0

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Asset Growth

87th percentile

35%

Faster asset growth than 87% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

24th percentile

-9.0%

Faster revenue growth than 24% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Up

$20,585

Up $5,354 (+35%) from 2021

Net Assets

Down

$10,130

Down $5,101 (-33%) from 2021

Liabilities

$10,455

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin24th percentile

Revenue

Down

$37,626

Down $3,711 (-9.0%) from 2021

Expenses

Up

$42,727

Up $5,886 (+16%) from 2021

Net Income

Down

-$5,101

Down $9,597 (-213%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth87th percentile

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

$30K$20K$10K$0Assets 2021: $15,231Net Assets 2021: $15,2312021Assets 2022: $20,585Liabilities 2022: $10,455Net Assets 2022: $10,1302022Assets 2023: $20,493Liabilities 2023: $13,255Net Assets 2023: $7,2382023

Highlighted filing

2022

Assets$20,585
Liabilities$10,455
Net Assets$10,130
Open 2022 Filing

Operations Trend

Revenue Growth24th percentile

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

$60K$40K$20K$0-$20KRevenue 2021: $41,337Expenses 2021: $36,841Net Income 2021: $4,4962021Revenue 2022: $37,626Expenses 2022: $42,727Net Income 2022: -$5,1012022Revenue 2023: $31,944Expenses 2023: $34,836Net Income 2023: -$2,8922023

Highlighted filing

2022

Revenue$37,626
Expenses$42,727
Net Income-$5,101
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Apr 17, 2024
Return Version
2022v5.0
Gross Receipts
$37,626
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.

Program Services

DescriptionGrantsExpenses
THE RED STICK ANGEL NETWORK, INC. IS A WHOLLY-OWNED SUBSIDIARY OF INNOVATION CATALYST INC., A NON-PROFIT VENTURE DEVELOPMENT ORGANIZATION, WHOSE MISSION IS TO ACCELEREATE THE GROWTH OF EARLY-STAGE INNOVATIVE BUSINESSES INTO VENTURE-READY COMPANIES BY PROVIDING CAPITAL, CONNECTIONS AND COACHING.--
Compensation and Service Providers
Top Officer Pay72nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
WILLIAM ELLISONCEO-$0--
VENEET IYENGARBoard Chairman-$0--
STEPHANIE CARGILEDirector-$0--
MICHAEL MOLESDirector-$0--
JIM ODOMDirector-$0--
PRESTON CASTILLEDirector-$0--
PAIGE CARTERDirector-$0--
Filing and Contact Details

Filer

Filer Name
Red Stick Angel Network Inc
EIN
84-4276885
Address
7117 FLORIDA BOULEVARD, BATON ROUGE, LA 70806

Signing Officer

Name
William Ellison
Title
CEO
Signed
2024-04-17
Discuss with paid preparer
Yes

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 Expenses.1001

“Advertising and Promotion $781”

Other Expenses.1002

“Office Expenses $154”

Other Expenses.1003

“Information Technology $144”

Other Expenses.1005

“Travel $4312”

Other Expenses.1009

“Depreciation $2100”

Other Expenses.1

“Dues & subscriptions $24825”

Other Expenses.2

“Professional development $600”

Other Expenses.3

“BANK SERVICE CHARGES $22”

Other Assets.1004

“Miscellaneous - Beginning $2975 Miscellaneous - Ending $875”

Other Assets.1005

“Accounts Receivable - Beginning $0 Accounts Receivable - Ending $532”

Total Liabilities.1

“DUE TO AFFILIATES - Beginning $0 DUE TO AFFILIATES - Ending $10455”

Raw XML Appendix143 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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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0BATON ROUGE
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IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd070806
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0WILLIAM ELLISON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1VENEET IYENGAR
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5PRESTON CASTILLE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6PAIGE CARTER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CEO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1BOARD CHAIRMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt02975
IRS990EZ/OtherAssetsTotalDetail/EOYAmt01407
IRS990EZ/OtherExpensesTotalAmt032938
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO ACCELERATE THE GROWTH OF THE LOUISIANA TECHNOLOGY-BASED ECONOMY BY IDENTIFYING, EDUCATING AND CONNECTING ENTREPRENEURS, INVESTORS, UNIVERSITIES, GOVERNMENT AGENCIES AND BUSINESSES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE RED STICK ANGEL NETWORK, INC. IS A WHOLLY-OWNED SUBSIDIARY OF INNOVATION CATALYST INC., A NON-PROFIT VENTURE DEVELOPMENT ORGANIZATION, WHOSE MISSION IS TO ACCELEREATE THE GROWTH OF EARLY-STAGE INNOVATIVE BUSINESSES INTO VENTURE-READY COMPANIES BY PROVIDING CAPITAL, CONNECTIONS AND COACHING.
IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/ScheduleBNotRequiredInd0X
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IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt042727
IRS990EZ/TotalRevenueAmt037626
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.INNOVATIONCATALYST.US
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Advertising and Promotion $781
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Office Expenses $154
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Information Technology $144
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Travel $4312
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Depreciation $2100
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DUES & SUBSCRIPTIONS $24825
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PROFESSIONAL DEVELOPMENT $600
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7BANK SERVICE CHARGES $22
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Miscellaneous - Beginning $2975 Miscellaneous - Ending $875
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Accounts Receivable - Beginning $0 Accounts Receivable - Ending $532
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10DUE TO AFFILIATES - Beginning $0 DUE TO AFFILIATES - Ending $10455
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1001
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1002
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.1003
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.1009
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Expenses.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other Assets.1004
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Other Assets.1005
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Total Liabilities.1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0WILLIAM ELLISON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-04-17
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ReturnHeader/Filer/BusinessNameControlTxt0REDS
ReturnHeader/Filer/EIN0844276885
ReturnHeader/Filer/USAddress/AddressLine1Txt07117 FLORIDA BOULEVARD
ReturnHeader/Filer/USAddress/CityNm0BATON ROUGE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0LA
ReturnHeader/Filer/USAddress/ZIPCd070806
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0720535866
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03445 N Causeway Blvd Ste 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Metairie
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0LA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd070002
ReturnHeader/PreparerPersonGrp/PhoneNum05045228708
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Robert J Mora
ReturnHeader/ReturnTs02024-04-17T14:14:51-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0WILLIAM
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ELLISON
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$20,585
Liabilities
$10,455
Net assets
$10,130
Revenue
$37,626
Expenses
$42,727
Net income
-$5,101
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$20.5$13.3$7.24$31.9$34.8$2.89
2022Detailed filing. Detailed filing data is available for this year.$20.6$10.5$10.1$37.6$42.7$5.10
2021Detailed filing. Detailed filing data is available for this year.$15.2$15.2$41.3$36.8$4.50