Nola Business Alliance
CHARGED BY THE CITY OF NEW ORLEANS WITH LEADING THE ECONOMIC RECOVERY AND DEVELOPMENT OF ORLEANS PARISH. THE ORGANIZATION'S FOCUS IS TO GROW THE JOB BASE AND SECURE PRIVATE INVESTMENT FOR ORLEANS PARISH BY ATTRACTING CORPORATIONS FOR RELOCATION, RETAINING EXISTING BUSINESS SUPPORTING EXPANSION OF EXISTING BUSINESSES AND DEVELOP RETAIL GROWTH. THE ORGANIZATION ACCOMPLISHES THIS BY CREATING TRANSPARENCY AND LOWERING THE BARRIERS TO MARKET ENTRY.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
$4.5M
+3.2% YoY
Annual Giving
$1.1M
-18.4% YoY
Grant Count
11
-26.7% YoY
Avg Grant Size
$102K
+11.3% YoY
About Nola Business Alliance
Based on IRS filings
Nola Business Alliance is a nonprofit organization focused on Community Improvement & Capacity Building, based in NEW ORLEANS, LA. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $4.5M in total assets. In 2023, it awarded 11 grants totaling $1.1M. Net investment income was $19K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $4,536,164 | $4,394,444 | $6,555,386 |
| Revenue | $3,743,763 | $4,026,850 | $7,098,750 |
| Expenses | $4,447,471 | $5,644,705 | $4,997,365 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $19,102 | $4,895 | $4,133 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2023
Grant Size Distribution
26 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2023 grants, the largest include Thrive Nola ($250,000), Youthforce Nola ($175,000), City of New Orleans ($128,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CITY OF NEW ORLEANS NEW ORLEANS, LA | DEVELOPMENT | $128,000 |
| DELGADO COMMUNITY COLLEGE NEW ORLEANS, LA | DEVELOPMENT | $75,000 |
| GOOD WORK NETWORK NEW ORLEANS, LA | DEVELOPMENT | $50,000 |
| METRO-SOURCE INC NEW ORLEANS, LA | DEVELOPMENT | $20,000 |
| NEWCORP NEW ORLEANS, LA | DEVELOPMENT | $110,000 |
| PROPELLER NEW ORLEANS, LA | DEVELOPMENT | $100,000 |
| THE WATER COLLABORATIVE OF GNO NEW ORLEANS, LA | DEVELOPMENT | $100,000 |
| THRIVE NOLA NEW ORLEANS, LA | DEVELOPMENT | $250,000 |
| TRUFUND FINANCIAL SERVICES NEW ORLEANS, LA | DEVELOPMENT | $60,000 |
| URBAN LEAGUE OF LOUISIANA NEW ORLEANS, LA | DEVELOPMENT | $50,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2023 IRS filing
From 2023 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| NORMAL BARNUM | PRESIDENT/CE | 40 | $213,557 |
| LOUIS DAVID | INTERIM PRES | 40 | $145,263 |
| LYNETTE WHITE-COLIN | SENIOR VP SM | 40 | $143,663 |
| SHEILA BURNS | BOARD MEMBER | 2 | — |
| LATOYA CANTRELL | MAYOR CITY O | 2 | — |
| JEAN-GUY CELESTIN | BOARD MEMBER | 2 | — |
| ANDREA CHEN | BOARD MEMBER | 2 | — |
| GREGORY CURTIS | BOARD MEMBER | 2 | — |
| DR TAKEISHA DAVIS | BOARD MEMBER | 2 | — |
| KIM BOYLE ESQ | SECRETARY | 2 | — |
| NOAH KRESSLER ESQ | BOARD MEMBER | 2 | — |
| SUSAN TALLEY ESQ | BOARD MEMBER | 2 | — |
| HENRY COAXUM JR | PAST CHAIR | 2 | — |
| BRIAN KELLER | BOARD MEMBER | 2 | — |
| STEVEN KENNEDY | BOARD MEMBER | 2 | — |
| LARISSA LITTLETON-STEIB | BOARD MEMBER | 2 | — |
| THOMAS MABON | TREASURER | 2 | — |
| GILBERT MONTANO | CHAIR | 2 | — |
| HELENA MORENO | COUNCILMEMBE | 2 | — |
| R ERICH CAULFIELD PHD | BOARD MEMBER | 2 | — |
| CHARLES RICE | BOARD MEMBER | 2 | — |
| CHRISTY SLATER | BOARD MEMBER | 2 | — |
| RON STONE | BOARD MEMBER | 2 | — |
| GUY WILLIAMS | BOARD MEMBER | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Nola Business Alliance?
Nola Business Alliance is a nonprofit organization focused on Community Improvement & Capacity Building, based in NEW ORLEANS, LA. It holds $4.5M in total assets as of 2023.
How large is Nola Business Alliance?
As of 2023, Nola Business Alliance holds $4.5M in total assets with $3.7M in annual revenue. It awarded 11 grants totaling $1.1M in 2023.
Where does Nola Business Alliance operate?
Nola Business Alliance has awarded grants in Louisiana, Mississippi, North Carolina, Texas.
What size grants does Nola Business Alliance award?
In 2023, Nola Business Alliance awarded 11 grants totaling $1.1M — an average of about $102K per grant, based on its IRS Form 990 filings.
What is Nola Business Alliance's EIN?
Nola Business Alliance's EIN (Employer Identification Number) is 27-3654312. IRS Form 990 filing data is available on this page for 2020–2023.
Explore Open Grants
Browse active grant opportunities in Nola Business Alliance's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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