INSTITUTE FOR LOCAL INNOVATIONS INC

EIN: 455538768 501(c)(3) Community Improvement

NEW ORLEANS, LA

Total Revenue
$622,178
Total Expenses
$563,975
Total Assets
$58,203
Net Assets
$58,203
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
LA
Phone
5044606727
Tax Period
2023-01-01 to 2023-12-31

INSTITUTE FOR LOCAL INNOVATIONS INC, founded in 2012, is a small nonprofit in the Community Improvement sector that reported $622K in total revenue in fiscal year 2023. Revenue surged 41% from the prior year, signaling strong growth momentum. Expenses of $564K left a modest 9% surplus.

Mission

The mission of the Institute for Local Innovations ILI is to foster and promote innovative solutions at the local level to address various social economic and environmental challenges within communities. ILI aims to empower local leaders organizations and individuals by providing the necessary tools resources and support to develop and implement effective and sustainable solutions. ILI facilitates collaboration and knowledge sharing among stakeholders including non-profit organizations businesses philanthropy and community members. ILI's work involves conducting research organizing workshops and training programs providing technical assistance and capacity building and facilitating networks and partnerships. ILI aims to enable communities to tackle various issues such as poverty inequality climate change urban development education and public health. ILI supports Community Economic Development and Storytelling through Technology transfer.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $472,178
Program Service Revenue $150,000
Investment Income $0
Other Revenue $0
TOTAL REVENUE $622,178

Expense Breakdown

Grants Paid $369,703
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $495,418
Other Expenses $194,272
TOTAL EXPENSES $563,975

Year-over-Year Comparison

2023 2022 Change
Revenue $622,178 $442,555 +0.4%
Expenses $563,975 $442,555 +0.3%
Net Income $58,203 $0 N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
2

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Scott Bernstein Director 0.10
Director
$0 $0 $0
Hattie B Dorsey Director 0.10
Director
$0 $0 $0
John E Nelson Director 0.10
Director
$0 $0 $0
Lance C Buhl Director 0.10
Director
$0 $0 $0
Davorio Stevenson Treasurer 0.10
Officer
$0 $0 $0
Mizell v Nkosi President 30.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $622,178 $563,975 $58,203 $58,203
2022 $442,555 $442,555 $113,433 No data
2017 $534,849 $506,282 $54,688 $28,567
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