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Fund 17 FY2022 filing

Tax-deductible

New Orleans, LA501(c)(3)Community DevelopmentEIN 46-1492881

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Fund 17 makes entrepreneurship attainable for underrepresented entrepreneurs in the 17 wards of New Orleans. We manage a community business incubator and assist entrepreneurs in growing their businesses and accessing capital.

501(c)(3) charity; gifts are tax-deductible.
60¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $224K a year · 43% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
60%
of spending
Worth a look: 60% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
17 mo
of spending, in cash
Looks good: 16.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $194K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$8K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$627K
+53% vs prior year
Spent
$378K
To programs
60%
Net assets
$529K
By yearFY2021–FY2022
Revenue
$627K
FY2022▲ +53%
Revenue by fiscal year
FY2021$409K
FY2022$627K
FY2022$255K
Expenses
$378K
FY2022▲ +79%
Expenses by fiscal year
FY2021$211K
FY2022$378K
FY2022$169K
Net assets
$529K
FY2022▲ +120%
Net assets by fiscal year
FY2021$240K
FY2022$529K
FY2022$615K

From the FY2022 Form 990 (year ending May 2022) · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2022) →

Is it real?

Yes. Exemption reinstated (2015-10-15). Per the IRS revocation list. Latest filing on record: FY2022. IRS ruling in Jun 2026.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

60 cents of each dollar spent went to programs.

Program services 60% · $225K Management & general 40% · $152K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Ashley Garcia
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Kyle Homan
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Lilith Winkler-Schor
Vice-President
$0Pt VII · Sec A
See Fund 17 executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Empowering underrepresented New Orleans entrepreneurs through business incubation and capital access.

Provided by the organization

This section is blank until Fund 17 claims this page.

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3 program services account for $225K of program spending, described in the organization's own filed words · FY2021.
01

Capital Access

Capital Ready is a 10-week program that matches entrepreneurs with a Financial Specialist for weekly 1on1 meetings to work on personal and business finances and prepare to apply for a loan

$111Kprogram expense
02

Core Pipeline

Programs supporting entreneurs in various early stages, including one-on-one assistance and education workshops

$108Kprogram expense
03

Community Business Incubator

A physical resource center for entrepreneurs that includes workspace, technology, and meeting space.

$6Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Social Entrepreneurs of New OrleansFY2024$194K
Total grants receivedfrom 1 funder$194K

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$627K
Ln 12
Gifts and grantsLn 1h$627K
Investment incomeLn 3$4
Money outPt IX
$378K
Ln 25
Programscol B$225K
Managementcol C$152K
Owns and owesPt X
$529K
net assets · Ln 32
Cash and savingsLn 1–2$529K
Total assetsLn 16$536K
LiabilitiesLn 26$8K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$627K
Investment incomeLn 3$4
Total revenueLn 12$627K
Assets in detailPt X, end of year
CashLn 1$529K
Cash and savings togetherLn 1–2$529K
Land, buildings, equipmentLn 10c$5K
Other assetsLn 15$3K
Total assetsLn 16$536K
LiabilitiesLn 26$8K
Net assetsLn 32$529K
OperationsPt I, VI
EmployeesI 53
VolunteersI 620
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$282K$529K
Land, buildings, equipmentLn 10c$5K
Total assetsLn 16$282K$536K
LiabilitiesLn 26$42K$8K
Net assetsLn 32$240K$529K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$136K$95K$41K$0
Other employee benefitsLn 9$26K$3K$23K$0
Payroll taxesLn 10$9K$9K$0$0
Accounting feesLn 11c$4K$0$4K$0
Advertising and promotionLn 12$789$0$789$0
Office expensesLn 13$479$12$467$0
Information technologyLn 14$1K$0$1K$0
OccupancyLn 16$15K$5K$11K$0
TravelLn 17$176$0$176$0
Conferences, conventions and meetingsLn 19$37K$162$37K$0
Depreciation, depletion and amortizationLn 22$82$0$82$0
InsuranceLn 23$3K$0$3K$0
Other expenses (24a–d)Ln 24$144K$113K$31K$0
Total functional expensesLn 25$378K$225K$152K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Viewing $627K$378K$250K$529K 990 PDF
FY2021 $409K$211K$198K$240K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $627,138 across 6 lines filed
VIII-1b Membership dues$3,684
VIII-1f All other contributions, gifts and grants$623,450
VIII-1h Total contributions, gifts and grants$627,134
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$0
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $4$4
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $4$627,138
Part IX · Statement of functional expenses $377,544 across 13 lines filed
IX-7 Other salaries and wagesPrograms $95,042 · Management $41,250 · Fundraising $0$136,292
IX-9 Other employee benefitsPrograms $2,882 · Management $23,217 · Fundraising $0$26,099
IX-10 Payroll taxesPrograms $9,281 · Management $0 · Fundraising $0$9,281
IX-11c Accounting feesPrograms $0 · Management $3,538 · Fundraising $0$3,538
IX-12 Advertising and promotionPrograms $0 · Management $789 · Fundraising $0$789
IX-13 Office expensesPrograms $12 · Management $467 · Fundraising $0$479
IX-14 Information technologyPrograms $0 · Management $1,147 · Fundraising $0$1,147
IX-16 OccupancyPrograms $4,800 · Management $10,600 · Fundraising $0$15,400
IX-17 TravelPrograms $0 · Management $176 · Fundraising $0$176
IX-19 Conferences, conventions and meetingsPrograms $162 · Management $37,217 · Fundraising $0$37,379
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $82 · Fundraising $0$82
IX-23 InsurancePrograms $0 · Management $2,842 · Fundraising $0$2,842
IX-24 Other expenses (24a–d)Programs $113,013 · Management $31,027 · Fundraising $0$144,040
IX-25 Total functional expensesPrograms $225,192 · Management $152,352 · Fundraising $0$377,544
Part X · Balance sheet $536,444 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $282,202$528,866
X-9 Prepaid expenses and deferred charges$25
X-10c Land, buildings and equipment, net$4,863
X-15 Other assets$2,690
X-16 Total assetsStart of year $282,202$536,444
X-17 Accounts payable and accrued expensesStart of year $12,740$978
X-25 Other liabilitiesStart of year $29,654$6,813
X-26 Total liabilitiesStart of year $42,394$7,791
X-27 Net assets without donor restrictionsStart of year $239,808$528,653
X-32 Total net assets or fund balancesStart of year $239,808$528,653
X-33 Total liabilities and net assetsStart of year $282,202$536,444
Part XI · Reconciliation of net assets $528,653 net assets at year end
XI-1 Total revenue$627,138
XI-2 Total expenses$377,544
XI-3 Revenue less expenses$249,594
XI-4 Net assets at start of year$239,808
XI-10 Net assets at end of year$528,653

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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