Overview
What is Fund 17?
Fund 17 is a nonprofit organization situated in New Orleans, Louisiana, specifically at 2533 Columbus Street. Their primary mission is to make entrepreneurship accessible for underrepresented entrepreneurs in the 17 wards of New Orleans. They accomplish this by managing a community business incubator and providing assistance to entrepreneurs in growing their businesses and securing capital. Fund 17 offers a 10-week program called Capital Access - Capital Ready, which matches entrepreneurs with a Financial Specialist for weekly one-on-one meetings to improve their personal and business finances, ultimately preparing them to apply for a loan. With a staff of three dedicated individuals, Fund 17 is committed to empowering local entrepreneurs and fostering economic development in the community.
Official website here: www.fund17.org
Is Fund 17 legitimate?
Fund 17 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fund 17 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.
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Other Salaries and Wages: $71,458
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Official website here: www.fund17.org
What is the mission statement of Fund 17?
Fund 17's mission is centered around making entrepreneurship accessible for underrepresented individuals in various wards. They operate a community business incubator, providing assistance to entrepreneurs in growing their businesses and securing capital. One of their key initiatives is the Capital Access - Capital Ready program, which pairs entrepreneurs with Financial Specialists for personalized financial guidance and loan preparation. The aim is to empower these entrepreneurs, fostering a thriving business environment.
Official website here: www.fund17.org
Who is the CEO of Fund 17?
Veranisha Thompson is the President of Fund 17.
Official website here: www.fund17.org
What is the revenue of Fund 17?
Fund 17's revenue in 2022 was $255,460.
Official website here: www.fund17.org
Who are the executives of Fund 17 and what are their salaries?
The average compensation at Fund 17 during 2022 was $23,819. There are 3 employees and 20 volunteers at Fund 17.
Here are 10 key members and their salaries:
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Official website here: www.fund17.org
Where can I find the form 990 for Fund 17?
Fund 17's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fund17.org
Learn more at the official website: www.fund17.org
Mission Statement of Fund 17
Fund 17, a nonprofit organization, is dedicated to making entrepreneurship accessible for underrepresented individuals residing in the 17 wards of New Orleans. They achieve this by managing a community business incubator, providing a supportive environment for these entrepreneurs to grow their businesses. Additionally, Fund 17 assists these entrepreneurs in their quest for capital, offering them the necessary tools and resources to prepare for loan applications. Their mission is to foster an inclusive entrepreneurial ecosystem, breaking down barriers and empowering underrepresented individuals to thrive in business.
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Impact
October, 2024
Fund 17 significantly impacts the entrepreneurial landscape for underrepresented individuals in the 17 wards of New Orleans. By providing essential resources and support through its community business incubator, it empowers aspiring business owners to navigate the challenges of starting and growing their ventures.
One of the key initiatives, the Capital Ready program, offers a structured 10-week experience where entrepreneurs work closely with financial specialists. This personalized approach helps them refine their personal and business finances, equipping them with the necessary skills to successfully apply for loans.
Through these efforts, Fund 17 fosters greater economic inclusion, enabling diverse entrepreneurs to access funding and transform their business ideas into reality. As a result, the initiative not only supports individual growth but also contributes to the overall improvement of the community's economic landscape.
This information is meant to be a general summary of Fund 17. 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.
- Investment Income: $3
- Gross Receipts: $255,460
Assets and Liabilities:
- Total Assets: $635,448
- Total Liabilities: $20,318
- Net Assets: $615,130
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Income
Organization Details
Founding Year
2012
Phone
(504) 656-4176Principal Officer
Veranisha Thompson
Main Address
2533 Columbus Street, New Orleans, LA, 70119
Website
www.fund17.orgNTEE Category
Code: S43 - Community improvement
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