Civic Intelligence

Ascension Economic Development Corporati

990 • Fiscal year 2018 • EIN 30-0340663

Jan 01, 2018 to Dec 31, 2018 • Filed on Jul 08, 2019

Organization ProfileN/A

View Organization Page

6967 Highway 22Sorrento, LA 70778

(225) 675-1750

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

33rd percentile

0.01x

Higher debt load relative to assets than 33% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

37th percentile

0.02x

Higher debt load relative to revenue than 37% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Net Margin

93rd percentile

31%

Higher net margin than 93% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

72nd percentile

$106,971

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 20.2% of source-year revenue.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Asset Growth

85th percentile

25%

Faster asset growth than 85% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

46th percentile

1.9%

Faster revenue growth than 46% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Up

$818,156

Up $164,089 (+25%) from 2017

Net Assets

Up

$808,801

Up $163,778 (+25%) from 2017

Liabilities

Up

$9,355

Up $311 (+3.4%) from 2017

Revenue And Expenses
Liabilities / Revenue37th percentileNet Margin93rd percentile

Revenue

Up

$528,928

Up $9,722 (+1.9%) from 2017

Expenses

Up

$365,150

Up $16,897 (+4.9%) from 2017

Net Income

Down

$163,778

Down $7,175 (-4.2%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth85th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2010: $229,311Liabilities 2010: $36,018Net Assets 2010: $193,2932010Assets 2011: $246,116Liabilities 2011: $25,838Net Assets 2011: $220,2782011Assets 2012: $258,440Liabilities 2012: $738Net Assets 2012: $257,7022012Assets 2013: $303,554Liabilities 2013: $11,680Net Assets 2013: $291,8742013Assets 2014: $333,608Liabilities 2014: $12,645Net Assets 2014: $320,9632014Assets 2015: $410,865Liabilities 2015: $14,565Net Assets 2015: $396,3002015Assets 2016: $480,986Liabilities 2016: $6,916Net Assets 2016: $474,0702016Assets 2017: $654,067Liabilities 2017: $9,044Net Assets 2017: $645,0232017Assets 2018: $818,156Liabilities 2018: $9,355Net Assets 2018: $808,8012018Assets 2019: $986,377Liabilities 2019: $11,397Net Assets 2019: $974,9802019Assets 2020: $1,308,923Liabilities 2020: $222,596Net Assets 2020: $1,086,3272020Assets 2021: $1,334,954Liabilities 2021: $171,691Net Assets 2021: $1,163,2632021Assets 2022: $1,340,502Liabilities 2022: $167,101Net Assets 2022: $1,173,4012022Assets 2023: $1,257,796Liabilities 2023: $27,431Net Assets 2023: $1,230,3652023Assets 2024: $1,328,870Liabilities 2024: $39,303Net Assets 2024: $1,289,5672024

Highlighted filing

2018

Assets$818,156
Liabilities$9,355
Net Assets$808,801
Open 2018 Filing

Operations Trend

Revenue Growth46th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0Expenses 2010: $377,5862010Expenses 2011: $340,3142011Expenses 2012: $390,6942012Revenue 2013: $439,535Expenses 2013: $405,363Net Income 2013: $34,1722013Revenue 2014: $479,873Expenses 2014: $450,784Net Income 2014: $29,0892014Revenue 2015: $508,874Expenses 2015: $433,537Net Income 2015: $75,3372015Revenue 2016: $481,446Expenses 2016: $408,298Net Income 2016: $73,1482016Revenue 2017: $519,206Expenses 2017: $348,253Net Income 2017: $170,9532017Revenue 2018: $528,928Expenses 2018: $365,150Net Income 2018: $163,7782018Revenue 2019: $524,975Expenses 2019: $358,796Net Income 2019: $166,1792019Revenue 2020: $532,449Expenses 2020: $421,102Net Income 2020: $111,3472020Revenue 2021: $530,793Expenses 2021: $453,857Net Income 2021: $76,9362021Revenue 2022: $624,778Expenses 2022: $614,640Net Income 2022: $10,1382022Revenue 2023: $536,893Expenses 2023: $479,929Net Income 2023: $56,9642023Revenue 2024: $595,321Expenses 2024: $536,119Net Income 2024: $59,2022024

Highlighted filing

2018

Revenue$528,928
Expenses$365,150
Net Income$163,778
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jul 8, 2019
Return Version
2018v3.1
Gross Receipts
$528,928
Mission and Program Overview

Mission

Aedc is responsible for implementing economic development programs to the benefit of the citizens of ascension parish, louisiana.

Diversification of ascension parish economy

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$648,030$813,942▲ $165,912
Land, Buildings, and Equipment, Net$6,037$4,214▼ $1,823
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$654,067$818,156▲ $164,089
Other Assets Total-$0-
Liabilities
Other Liabilities$5,951$8,267▲ $2,316
Accounts Payable and Accrued Expenses$3,093$1,088▼ $2,005
Total Liabilities$9,044$9,355▲ $311
Net Assets / Fund Balance
Unrestricted Net Assets$304,739$468,517▲ $163,778
Temporarily Rstr Net Assets$340,284$340,284→ $0
Total Net Assets Fund Balance$645,023$808,801▲ $163,778
Total Liabilities and Net Assets / Fund Balance$654,067$818,156▲ $164,089

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$4,214$17,144-
Compensation and Service Providers
Top Officer Pay72nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Kate MacarthurPresident & CEOFT$106,971$106,971

Board Members and Trustees

NameTitle
Dwight PoirrierChairman
Kevin SchexnayderPresident
Don HannaVice President
Bill DawsonBoard Member
Brent LandryBoard Member
Chuck LeblancBoard Member
Derrick CocoBoard Member
Don SchexnaydreBoard Member
Douglas DiezBoard Member
Janet BrittonBoard Member
John CagnolattiBoard Member
Kirk BoudreauxBoard Member
Robert BurgessBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$527,505
Program Service Revenue
$0
Investment Income
$1,423
Other Revenue
$0
Change in Net Assets
$163,778
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$266,543
Other Expenses$98,607
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$106,971
Other Salaries and Wages$65,584$34,426-$100,010
Other Employee Benefits$32,594$11,081-$43,675
Advertising$16,310--$16,310
Payroll Taxes$11,856$4,031-$15,887
Office Expenses$11,034$3,754-$14,788
Occupancy$8,704$2,961-$11,665
Insurance$4,399$1,495-$5,894
Fees for Services Accounting---$4,800
Information Technology$3,481$1,185-$4,666
Other Expenses$1,737$611-$2,348
Conferences and Meetings$2,068--$2,068
Depreciation Depletion$1,361$462-$1,823
Total Functional Expenses$193,373$60,006$0$365,150
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Payable$8,267
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“A copy was provided to the board”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Ascension Economic Development
EIN
30-0340663
Phone
2256751750
Address
6967 HIGHWAY 22, SORRENTO, LA 70778

Signing Officer

Name
Kate Macarthur
Title
President & CEO
Signed
2019-07-08
Discuss with paid preparer
Yes

Organization Details

Voting Board Members
14
Independent Board Members
0
Employees
3

Preparer

Firm
Diez Dupuy & Ruiz LLC
Address
1124 S Burnside Ave, Gonzales, LA 70737
Preparer
C Michael Schexnayder
Phone
2252285800
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IRS990/MissionDesc0AEDC IS RESPONSIBLE FOR IMPLEMENTING ECONOMIC DEVELOPMENT PROGRAMS TO THE BENEFIT OF THE CITIZENS OF ASCENSION PARISH, LOUISIANA.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0645023
IRS990/NetAssetsOrFundBalancesEOYAmt0808801
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt02961
IRS990/OccupancyGrp/ProgramServicesAmt08704
IRS990/OccupancyGrp/TotalAmt011665
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03754
IRS990/OfficeExpensesGrp/ProgramServicesAmt011034
IRS990/OfficeExpensesGrp/TotalAmt014788
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt011081
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt032594
IRS990/OtherEmployeeBenefitsGrp/TotalAmt043675
IRS990/OtherExpensesGrp/Desc0INCENTIVE STUDY
IRS990/OtherExpensesGrp/Desc1BUSINESS DEVELOPMENT
IRS990/OtherExpensesGrp/Desc2PROFESSIONAL MEMBERSHIPS
IRS990/OtherExpensesGrp/Desc3TRAINING
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0611
IRS990/OtherExpensesGrp/ProgramServicesAmt025604
IRS990/OtherExpensesGrp/ProgramServicesAmt14523
IRS990/OtherExpensesGrp/ProgramServicesAmt24118
IRS990/OtherExpensesGrp/ProgramServicesAmt31737
IRS990/OtherExpensesGrp/TotalAmt025604
IRS990/OtherExpensesGrp/TotalAmt14523
IRS990/OtherExpensesGrp/TotalAmt24118
IRS990/OtherExpensesGrp/TotalAmt32348
IRS990/OtherLiabilitiesGrp/BOYAmt05951
IRS990/OtherLiabilitiesGrp/EOYAmt08267
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt034426
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt065584
IRS990/OtherSalariesAndWagesGrp/TotalAmt0100010
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04031
IRS990/PayrollTaxesGrp/ProgramServicesAmt011856
IRS990/PayrollTaxesGrp/TotalAmt015887
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0517800
IRS990/PYInvestmentIncomeAmt01406
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0110715
IRS990/PYRevenuesLessExpensesAmt0170953
IRS990/PYSalariesCompEmpBnftPaidAmt0237538
IRS990/PYTotalExpensesAmt0348253
IRS990/PYTotalRevenueAmt0519206
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0163778
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt04214
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt017144
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt021358
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt08267
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04214
IRS990ScheduleD/TotalLiabilityAmt08267
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY WAS PROVIDED TO THE BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0ASCENSION ECONOMIC DEVELOPMENT FOUNDATIO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0204616260
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0LA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt06967 HIGHWAY 22
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0SORRENTO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0LA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd070778
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0340284
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0340284
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0654067
IRS990/TotalAssetsEOYAmt0818156
IRS990/TotalAssetsGrp/BOYAmt0654067
IRS990/TotalAssetsGrp/EOYAmt0818156
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0527505
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt060006
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0193373
IRS990/TotalFunctionalExpensesGrp/TotalAmt0365150
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt09044
IRS990/TotalLiabilitiesEOYAmt09355

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$818,156
Liabilities
$9,355
Net assets
$808,801
Revenue
$528,928
Expenses
$365,150
Net income
$163,778
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.33$0.04$1.29$0.60$0.54$0.06
2023Detailed filing. Detailed filing data is available for this year.$1.26$0.03$1.23$0.54$0.48$0.06
2022Detailed filing. Detailed filing data is available for this year.$1.34$0.17$1.17$0.62$0.61$0.01
2021Detailed filing. Detailed filing data is available for this year.$1.33$0.17$1.16$0.53$0.45$0.08
2020Detailed filing. Detailed filing data is available for this year.$1.31$0.22$1.09$0.53$0.42$0.11
2019Detailed filing. Detailed filing data is available for this year.$0.99$0.01$0.97$0.52$0.36$0.17
2018Detailed filing. Detailed filing data is available for this year.$0.82$0.01$0.81$0.53$0.37$0.16
2017Detailed filing. Detailed filing data is available for this year.$0.65$0.01$0.65$0.52$0.35$0.17
2016Detailed filing. Detailed filing data is available for this year.$0.48$0.01$0.47$0.48$0.41$0.07
2015Detailed filing. Detailed filing data is available for this year.$0.41$0.01$0.40$0.51$0.43$0.08
2014Detailed filing. Detailed filing data is available for this year.$0.33$0.01$0.32$0.48$0.45$0.03
2013Detailed filing. Detailed filing data is available for this year.$0.30$0.01$0.29$0.44$0.41$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.26$0.00$0.26$0.39
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.25$0.03$0.22$0.34
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.23$0.04$0.19$0.38