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Nola Business Alliance

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 273654312 ✦ New orleans, LA ✦ Designated as a 501(c)(3)

Overview

What is Nola Business Alliance?

Nola Business Alliance is a nonprofit organization, tasked by the City of New Orleans, to spearhead the economic recovery and development in Orleans Parish. Their primary objective is to increase the job market and attract private investment within the region, by enticing corporations to relocate, retaining existing businesses, and promoting retail growth. They achieve this by fostering transparency and lowering market entry barriers. Additionally, they have launched a pilot program to support disinvestment communities in Orleans Parish, focusing on business and commercial corridors in seven neighborhoods. The Youth Demonstration Project is another initiative that prepares and connects individuals aged 16-24 to high-wage employment opportunities in expanding industries. Nola Business Alliance also collaborates with multi-agency groups and community stakeholders to develop investment strategies in the burgeoning blue-green infrastructure industry, contributing to the overall development of Orleans Parish.


Official website here: www.nolaba.org

Is Nola Business Alliance legitimate?

Nola Business Alliance is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nola Business Alliance 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,885,436

For more financial information, click here


Official website here: www.nolaba.org

What is the mission statement of Nola Business Alliance?

The Nola Business Alliance, assigned by the city of New Orleans, is dedicated to driving economic recovery and development in Orleans Parish. Their primary objective is to expand the job market and secure private investment by attracting corporations for relocation, supporting the retention of existing businesses, and fostering growth within existing businesses. Additionally, the organization works on promoting retail expansion. They achieve these goals by establishing transparency and reducing market entry barriers.


Official website here: www.nolaba.org

Who is the CEO of Nola Business Alliance?

Louis David is the President/Ce of Nola Business Alliance.


Official website here: www.nolaba.org

What is the revenue of Nola Business Alliance?

Nola Business Alliance's revenue in 2022 was $4,026,850.


Official website here: www.nolaba.org

Who are the executives of Nola Business Alliance and what are their salaries?

The average compensation at Nola Business Alliance during 2022 was $72,517. There are 26 employees at Nola Business Alliance.

Here are 19 key members and their salaries:

    Normal Barnum (President/Ce)
  • Compensation: $261,969
  • Related: $0
  • Other: $0

    • Jeanette Weiland (Vp Bio Innov)
  • Compensation: $125,000
  • Related: $0
  • Other: $0

    • Lynette White-Colin (Senior Vp Sm)
  • Compensation: $118,193
  • Related: $0
  • Other: $0

    • Gregory Lawson (Ser. Vp' Snd)
  • Compensation: $106,267
  • Related: $0
  • Other: $0

    • Latoya Cantrell (Mayor City O) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jean-Guy Celestin (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andrea Chen (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gregory Curtis (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kim Boyle Esq (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Noah Kressler Esq (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Susan Talley Esq (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Henry Coaxum Jr (Past Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Steven Kennedy (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Thomas Mabon (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gilbert Montano (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Helena Moreno (Councilmembe) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • R Erich Caulfield Phd (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Richard Tallant (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Guy Williams (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.nolaba.org

    Where can I find the form 990 for Nola Business Alliance?

    The Nola Business Alliance’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.nolaba.org

    Learn more at the official website: www.nolaba.org

    Mission Statement of Nola Business Alliance

    Nola Business Alliance, as charged by the city of New Orleans, is dedicated to spearheading the economic recovery and development of Orleans Parish. Their primary focus is to expand the job market and secure private investment within the parish. They achieve this objective by attracting corporations for relocation, supporting the retention and expansion of existing businesses, and fostering retail growth. Nola Business Alliance accomplishes this mission by promoting transparency and reducing the barriers to market entry. Their strategic approach aims to stimulate economic growth and development in Orleans Parish.

    Impact

    This information is meant to be a general summary of Nola Business Alliance. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Nola Business Alliance is making a significant impact on the economic recovery and development of Orleans Parish in New Orleans, Louisiana. The organization is focused on growing the job base, securing private investment, and attracting corporations for relocation, all while supporting the expansion and retail growth of existing businesses. By creating transparency and lowering barriers to market entry, Nola Business Alliance is actively working towards revitalizing disinvested communities and commercial corridors within the parish.

    Through initiatives like the Strategic Neighborhood Development program, the organization is piloting programs to support businesses in underserved areas. Additionally, the Youth Demonstration Project is preparing young individuals for quality employment opportunities in high-wage industries. Nola Business Alliance also collaborates with multiple agencies and stakeholders through the Advancing Cities program to develop investment strategies in emerging industries like blue-green infrastructure.

    Overall, Nola Business Alliance's efforts are contributing to the enhancement and progression of Orleans Parish, fostering economic growth, and creating opportunities for both businesses and individuals within the community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $4,895
  • Program Service Revenue: $92,050
  • Gross Receipts: $4,026,850

    • Assets and Liabilities:
  • Total Assets: $4,394,444
  • Total Liabilities: $502,100
  • Net Assets: $3,892,344
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    PROGRAM SERVICE

    Revenue

    $92,050

    Organization Details

    Founding Year

    2010

    Principal Officer

    Louis David

    Main Address

    1250 POYDRAS STREET SUITE 2150, NEW ORLEANS, LA, 70113

    NTEE Category

    Code: S20 - Community improvement

    If you are a representative of Nola Business Alliance and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.