Nola Business Alliance

Foundation · Grantmaker New Orleans, LA EIN: 27-3654312 Website

Community Improvement & Capacity Building

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.

Key facts about Nola Business Alliance

EIN: 27-3654312
Latest 990 filing: Form 990-PF, 2023
Annual giving (2023): $1,118,000
Grants made (2023): 11
Average grant: $101,636
Median grant: $100,000
Total assets: $4,536,164
Primary geography: Louisiana (100% of itemized 2023 grant dollars)

Data from IRS Form 990-PF, 2023; updated September 2026.

Who Nola Business Alliance funds

By grant dollars, the top recipient states for Nola Business Alliance's 11 itemized 2023 grants were Louisiana (100%). The most frequent recipient cities were New Orleans, LA (11 grants). None of its 11 grants with a stated purpose were described as general or operating support. Recurring purposes include "Development" (11 grants).

How Nola Business Alliance gives

64% of 2023 grantees were also funded in 2022. Method

Estimate from itemized IRS Form 990-PF grant lists (2023). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

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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

-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

Community Improvement & Capacity Building

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Louisiana $1.1M (100%)

Share of all 11 itemized 2023 grant dollars.

States

Louisiana Mississippi North Carolina Texas

Cities

New OrleansForth WorthHillsboroughJackson

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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	—	—	—

Data update history

When this profile's IRS filing data changed on Grantable

March 2, 2026 IRS filings on file for fiscal years 2020–2023

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 recipients include Thrive Nola ($250,000), Youthforce Nola ($175,000), City of New Orleans ($128,000).

Recipient	Purpose	Amount
THRIVE NOLA New Orleans, LA	DEVELOPMENT	$250,000
YOUTHFORCE NOLA New Orleans, LA	DEVELOPMENT	$175,000
CITY OF NEW ORLEANS New Orleans, LA	DEVELOPMENT	$128,000
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
DELGADO COMMUNITY COLLEGE New Orleans, LA	DEVELOPMENT	$75,000
TRUFUND FINANCIAL SERVICES New Orleans, LA	DEVELOPMENT	$60,000
GOOD WORK NETWORK New Orleans, LA	DEVELOPMENT	$50,000
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

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

Community Improvement & Capacity Building

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.