Overview
What is Social Entrepreneurs Of New Orleans?
Social Entrepreneurs of New Orleans, known as Propeller A Force for Social Innovation, is a nonprofit organization situated in New Orleans, Louisiana. Their primary mission is to empower and support entrepreneurs in addressing social and environmental disparities through a comprehensive 4-month accelerator program. This program offers coaching, community building, curriculum, technical assistance, and a focus on financial viability, social impact, racial equity, and the betterment of the local community and region. Propeller's vision is to foster an inclusive and prosperous entrepreneurial ecosystem in New Orleans, one that responds to community needs and contributes to an equitable future. The organization currently employs 17 individuals.
Official website here: www.gopropeller.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91% (Four-Star out of Four Star rating)
Social Entrepreneurs of New Orleans has received a commendable Four-Star rating from Charity Navigator, indicating strong performance in accountability and finance. The organization scored 91% overall, with the rating derived entirely from its accountability metrics, showcasing a robust commitment to transparency and effective governance. Key highlights include a fully independent board of directors and high scores in financial oversight areas, demonstrating sound management practices.
The nonprofit's financial health appears solid, with a program expense ratio of 65.91%, indicating that a significant portion of its expenditures directly supports its mission. Additionally, it boasts an impressive fundraising efficiency ratio of $0.08, meaning that it generates substantial resources with minimal fundraising costs. The working capital ratio of 1.14 years further confirms its capability to sustain operations and fulfill its commitments over the long term.
However, there are some areas for potential improvement, particularly regarding the liabilities to assets ratio, which stands at 42.00%. While this is not alarming, monitoring and addressing this metric will be crucial to ensure continued financial stability. Overall, Social Entrepreneurs of New Orleans exemplifies strong financial practices and governance, making it a reliable choice for donors.
This AI summary has been generated from information found on Charity Navigator.
Is Social Entrepreneurs Of New Orleans legitimate?
Social Entrepreneurs Of New Orleans is a legitimate nonprofit organization registered as a 501(c)(3) entity. Social Entrepreneurs Of New Orleans submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $168,867
Professional Fundraising Fees: $10,000
Other Salaries and Wages: $857,505
For more financial information, click here
Official website here: www.gopropeller.org
What is the mission statement of Social Entrepreneurs Of New Orleans?
The mission of Social Entrepreneurs Of New Orleans, as stated, is to foster and assist entrepreneurs in addressing social and environmental disparities. Their vision envisions an entrepreneurial ecosystem that responds to community needs and cultivates an equitable future. The organization provides an Impact Accelerator program, a 4-month interactive program offering coaching, community building, curriculum, and technical assistance to startup and growth entrepreneurs. This program helps entrepreneurs create ventures that are financially viable, have a social impact, prioritize racial equity, and are committed to the prosperity of their city and region.
Official website here: www.gopropeller.org
Who is the CEO of Social Entrepreneurs Of New Orleans?
Andrea Chen is the Founder & Ceo of Social Entrepreneurs Of New Orleans. The CEO's salary of Social Entrepreneurs Of New Orleans is $168,868 and their total compensation is $168,868.
Official website here: www.gopropeller.org
What is the revenue of Social Entrepreneurs Of New Orleans?
Social Entrepreneurs Of New Orleans's revenue in 2022 was $2,230,470.
Official website here: www.gopropeller.org
Who are the executives of Social Entrepreneurs Of New Orleans and what are their salaries?
The average compensation at Social Entrepreneurs Of New Orleans during 2022 was $60,375. There are 17 employees and 9 volunteers at Social Entrepreneurs Of New Orleans.
Here are 16 key members and their salaries (Social Entrepreneurs Of New Orleans's CEO's salary is $168,868 and their total compensation is $168,868):
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Official website here: www.gopropeller.org
Where can I find the form 990 for Social Entrepreneurs Of New Orleans?
Social Entrepreneurs Of New Orleans's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gopropeller.org
Learn more at the official website: www.gopropeller.org
Mission Statement of Social Entrepreneurs Of New Orleans
Social Entrepreneurs Of New Orleans, often referred to as Propeller, is dedicated to fostering and supporting entrepreneurs who aim to address social and environmental disparities. Their vision is to establish an inclusive and thriving entrepreneurial ecosystem in New Orleans that responds to community needs and works towards an equitable future. Propeller achieves this through their Impact Accelerator program, a four-month initiative that provides coaching, community building, curriculum, and technical assistance to startup and growth entrepreneurs. This program enables entrepreneurs to develop ventures that are financially viable, have a significant social impact, prioritize racial equity, and contribute to the prosperity of the city and region. By supporting these entrepreneurs, Social Entrepreneurs Of New Orleans strives to create sustainable solutions to the challenges faced by the community.
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Impact
October, 2024
Social Entrepreneurs of New Orleans plays a transformative role in the local entrepreneurial landscape by addressing social and environmental disparities. The Impact Accelerator Program is a cornerstone of their initiative, providing a comprehensive four-month experience that equips startup and growth-stage entrepreneurs with essential resources. This program offers tailored coaching, fosters community connections, and delivers critical technical assistance, all designed to enhance the viability of entrepreneurial ventures.
By focusing on financial sustainability, social impact, and racial equity, Social Entrepreneurs of New Orleans not only assists in the creation of robust businesses but also cultivates a more equitable economic environment. Their commitment to responding to community needs and fostering a thriving entrepreneurial ecosystem contributes significantly to the prosperity of New Orleans and its surrounding region. As a result, they are actively shaping an inclusive future that promotes economic and social well-being for all residents.
This information is meant to be a general summary of Social Entrepreneurs Of New Orleans. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $2,230,470
Assets and Liabilities:
- Total Assets: $3,696,983
- Total Liabilities: $1,552,999
- Net Assets: $2,143,984
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Organization Details
Founding Year
2008
Phone
(504) 322-3282Principal Officer
Andrea Chen
Main Address
4035 WASHINGTON AVE, NEW ORLEANS, LA, 70125
Website
www.gopropeller.orgNTEE Category
Code: P20 - Human services
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