Colab Foundation INC: FY2021 Nonprofit Profile & Form 990 (EIN 58-1641910)

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 15aYes

Programs and updates

Colab Foundation INC is a nonprofit based in Thibodaux, LA.

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1 program · $492K · in their own filed words · FY2021

01

Promotion of economic development by encouraging area industries to expand and entice industry from out-of-area to locate in south louisiana, technical training for existing and new businesses, and promotion of louisiana businesses in media.

$492Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid

Grants received · FY2024

Greater New Orleans Development FoundationFY2024$112K

Louisiana Business Incubator Association IncorporatedFY2024$23K

Total grants receivedfrom 2 funders$135K

Grants paid · 11 grants · $152K · 2020–2024

Individual RecipientFY2024$15,939

Restore or RetreatLA · FY2024$12,000

Individual RecipientFY2023$26,277

Restore or RetreatLA · FY2023$12,000

Restore or RetreatLA · FY2022$12,000

Individual RecipientFY2022$7,183

La1 CoalitionFY2021$16,875

Restore or RetreatLA · FY2021$10,000

La1 CoalitionFY2020$22,500

Restore or RetreatLA · FY2020$10,000

Gulf Economic Survival Team INCLA · FY2020$7,216

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$631K

Ln 12

Gifts and grantsLn 1h$631K

Investment incomeLn 3$25

Money outPt IX

$584K

Ln 25

Programscol B$492K

Managementcol C$93K

Owns and owesPt X

$186K

net assets · Ln 32

Cash and savingsLn 1–2$34K

Total assetsLn 16$410K

LiabilitiesLn 26$224K

PeoplePt VI, VII

9

listed · VII A

PaidVII A0

Voting boardVI 1a9

IndependentVI 1b9

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$631K

Government grantsLn 1e$552K

Investment incomeLn 3$25

Total revenueLn 12$631K

Assets in detailPt X, end of year

CashLn 1$34K

Cash and savings togetherLn 1–2$34K

Land, buildings, equipmentLn 10c$87K

Other assetsLn 15$237K

Total assetsLn 16$410K

LiabilitiesLn 26$224K

Net assetsLn 32$186K

OperationsPt I, VI

EmployeesI 59

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$486	$34K
Land, buildings, equipmentLn 10c	$33K	$87K
Total assetsLn 16	$428K	$410K
LiabilitiesLn 26	$328K	$224K
Net assetsLn 32	$100K	$186K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$27K	$27K
Other salaries and wagesLn 7	$227K	$175K	$52K
Payroll taxesLn 10	$15K	$13K	$2K
Other fees for servicesLn 11g	$161K	$140K	$21K
Office expensesLn 13	$3K	$717	$2K
TravelLn 17	$24K	$24K
InterestLn 20	$14K	$14K
Depreciation, depletion and amortizationLn 22	$12K	$12K
InsuranceLn 23	$38K	$26K	$13K
Other expenses (24a–d)Ln 24	$58K	$58K
All other expensesLn 24e	$5K	$3K	$2K
Total functional expensesLn 25	$584K	$492K	$93K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$1.2M	$1.2M	$17K	$445K	990 PDF
FY2023	$1.2M	$1.1M	$117K	$428K	990 PDF
FY2022	$877K	$786K	$92K	$278K	990 PDF
FY2021 Viewing	$631K	$584K	$47K	$186K	990 PDF
FY2020	$477K	$560K	−$83K	$100K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2021 990 (6 parts)

Part I · Summary $631,173 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $476,864$631,148

I-9 Program service revenue$0

I-10 Investment incomePrior year $20$25

I-11 Other revenue$0

I-12 Total revenuePrior year $476,884$631,173

I-13 Grants and similar amounts paidPrior year $44,216$26,875

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $171,193$241,968

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $344,315$315,302

I-18 Total expensesPrior year $559,724$584,145

I-19 Revenue less expensesPrior year −$82,840$47,028

Part VI · Governance 9 of 9 board members independent, 1 to look at

VI-1a Voting members of the governing body9

VI-1b Independent voting members9

VI-13 Written whistleblower policyNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $631,173 across 6 lines filed

VIII-1b Membership dues$46,000

VIII-1e Government grants$551,611

VIII-1f All other contributions, gifts and grants$33,537

VIII-1h Total contributions, gifts and grants$631,148

VIII-3 Investment incomeRelated to mission $25$25

VIII-12 Total revenueRelated to mission $25$631,173

Part IX · Statement of functional expenses $584,145 across 11 lines filed

IX-1 Grants to domestic organizationsPrograms $26,875$26,875

IX-7 Other salaries and wagesPrograms $174,536 · Management $52,266$226,802

IX-10 Payroll taxesPrograms $13,107 · Management $2,059$15,166

IX-11g Other fees for servicesPrograms $139,656 · Management $21,488$161,144

IX-13 Office expensesPrograms $717 · Management $2,103$2,820

IX-17 TravelPrograms $24,243$24,243

IX-20 InterestPrograms $13,506$13,506

IX-22 Depreciation, depletion and amortizationPrograms $12,405$12,405

IX-23 InsurancePrograms $25,667 · Management $12,701$38,368

IX-24 Other expenses (24a–d)Programs $57,883$57,883

IX-24e All other expensesPrograms $3,035 · Management $1,898$4,933

IX-25 Total functional expensesPrograms $491,630 · Management $92,515 · Fundraising $0$584,145

Part X · Balance sheet $410,078 assets, 15 lines filed

X-1 Cash, non-interest-bearingStart of year $486$33,917

X-3 Pledges and grants receivableStart of year $57,300$42,132

X-4 Accounts receivableStart of year $63,525$6,130

X-9 Prepaid expenses and deferred charges$4,373

X-10c Land, buildings and equipment, netStart of year $33,350$86,703

X-15 Other assetsStart of year $273,310$236,823

X-16 Total assetsStart of year $427,971$410,078

X-17 Accounts payable and accrued expensesStart of year $35,280$17,704

X-19 Deferred revenue$4,373

X-24 Unsecured notes and loans payableStart of year $293,190$201,927

X-26 Total liabilitiesStart of year $328,470$224,004

X-27 Net assets without donor restrictionsStart of year −$294,741−$103,485

X-28 Net assets with donor restrictionsStart of year $394,242$289,559

X-32 Total net assets or fund balancesStart of year $99,501$186,074

X-33 Total liabilities and net assetsStart of year $427,971$410,078

Part XI · Reconciliation of net assets $186,074 net assets at year end

XI-1 Total revenue$631,173

XI-2 Total expenses$584,145

XI-3 Revenue less expenses$47,028

XI-4 Net assets at start of year$99,501

XI-8 Prior period adjustments$39,545

XI-10 Net assets at end of year$186,074

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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Colab Foundation INC FY2021 filing

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Where the money goes

Who runs it and what they're paid

Compensation history total reportable pay by year · 3 named individuals · Part VII