FUND 17

NEW ORLEANS, LA | Orleans Parish
Economic Development
FUND 17
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As of , this nonprofit no longer meets findCRA's qualification requirements and will no longer appear in CQ search results.

Reason for disqualification:

Overview

FUND 17
46-1492881
2533 COLUMBUS STREET SUITE 100
NEW ORLEANS, LA 70119
Orleans Parish
(504) 656-4176

info@fund17.org
Mission Statement info

FUND 17 EXPANDS OPPORTUNITIES FOR UNDER-RESOURCED ENTREPRENEURS IN NEW ORLEANS BY PROVIDING RADICALLY ACCESSIBLE BUSINESS SERVICES, EDUCATION, AND FUNDING.

CRA Category info
  • Economic Development
Nonprofit location info
  • Majority Minority Census Tract
Awards & Certifications info
  • This nonprofit has not received any CRA awards or certifications.
Founded info
Not reported
Total Employees info
Not reported
Total Volunteers info
Not reported
Nonprofit Classification (NTEE Code) info
S43

S - Community Improvement, Capacity Building

Small Business Development

Organizations that provide technical assistance, venture capital, loans, loan guarantees or other forms of support for individuals or groups who want to establish or expand the operation of a small business enterprise or venture.

IRS Activity Codes info
-
Not reported
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
541618
Other Management Consulting Services
Targeted Clients info
    This nonprofit has claimed its profile but has not yet provided this information.
CRA Income Characteristics info
    This nonprofit has claimed its profile but has not yet provided this information.

CRA Alignment

CRA Category info
Economic Development
Workforce development, job training, and small business or startup support.
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
Programs & Services info

Not reported by nonprofit


This nonprofit has claimed its profile but has not yet provided this information.
Awards & Certifications info
Community Development Financial Institution info
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$627.1K
Revenue
$627.1K
Assets
$536.4K

IRS Business Master File Details info

As of August 2024
Exempt Ruling Date info
2017-03
Deductibility Status info
Deductible
Last Tax Filing info
2022
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
Basis for Foundation/Public Charity Status info
Organization normally receives no more than one-third of support from gross investment and unrelated business income and at same time more than one-third of its support from contributions, fees and gross receipts related to exempt purposes 509(a)(2)

IRS Publication 78 Details info

As of August 2024
Verified in Publication 78 info
Yes
Deductibility Limitation info
50% (60% for cash contributions)
Organization Description info
A public charity

IRS Form 990 Returns info

Through August 2023
Tax period ending in
2022-05
E-File
990
XML
990
Tax period ending in
2021-05
PDF
990
E-File
990
XML
990
Tax period ending in
2020-05
PDF
990-EZ
Tax period ending in
2019-05
PDF
990-EZ
E-File
990-EZ
XML
990-EZ
Tax period ending in
2018-05
PDF
990-EZ
E-File
990-EZ
XML
990-EZ

Nonprofit Location

Physical Address info
2533 COLUMBUS STREET SUITE 100
NEW ORLEANS, LA 70119
Orleans Parish
Area Type info
Metropolitan Statistical Area
FIPS Geocoded Address info
35380
MSA/MD info
22
State info
071
County info
0036.00
Tract info
Unknown
Income Level info
Core-Based Statistical Area info
35380 - New Orleans-Metairie, LA
Combined Statistical Area info
406 - New Orleans-Metairie-Slidell, LA-MS
Metropolitan Division info
Not located in an MD.
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 70.38%
FFIEC Distressed Census Tract info
FFIEC Underserved Census Tract info
Geographies Served info

Not reported by nonprofit


This nonprofit has claimed its profile but has not yet provided this information.

Market Data

Census Tract County
0036.00 Orleans Parish
Population
Total Population 1,462 380,408
Total Households 658 155,669
Income
Median Income* $0 $51,116
Median Family Income (2024 FFIEC est.) $82,700 $82,700
Tract Income Percentage 0% N/A
Below Poverty Level 36.1% 22.9%
Unemployment Level 3.7% 8.4%
Housing
Total Housing Units 858 193,999
Total Owner-Occupied Units 28.2% 49.3%
Total Renter-Occupied Units 48.5% 50.7%
Total Vacant Units 23.3% 8.7%
* Census Tract Median Income based on 2020 Tract Median Family Income as reported in the 2024 FFIEC Census Flat File. County Income based on Median Household Income as reported in the 2022 American Community Survey.
View more than 200 performance context data points for this county now.

Management

11
Total Voting Members
in Governing Body info
11
Independent Voting Members
in Governing Body info
Tax Filing Signatory info
Veranisha Thompson
(504) 656-4176
Principal Officer info
Veranisha Thompson
findCRA Profile Owner
Antonio Alonzo
Executive Director
antonio@fund17.org
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Whistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed
Organization Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

Information in this section is extracted from the nonprofit's e-filed tax return and based on answers provided by the nonprofit in their 990 e-filed for the tax period ending on 2022-05.

A hyphen (“-“) in this section indicates that the information was not required by the IRS or not reported by the nonprofit in its tax return e-filing.

This Nonprofit Profile was created using data available from publicly available government and industry sources, our own research, and information provided directly the nonprofit organization. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit help.findcra.com.