Civic Intelligence

Ascension Economic Development Corporati

990 • Fiscal year 2023 • EIN 30-0340663

Jan 01, 2023 to Dec 31, 2023 • Filed on May 09, 2024

Organization ProfileN/A

View Organization Page

1210 E Worthey Street Unit BGonzales, LA 70737

(225) 644-1750

Siviq Scores

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

Liabilities / Assets

25th percentile

0.02x

Higher debt load relative to assets than 25% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

29th percentile

0.05x

Higher debt load relative to revenue than 29% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Net Margin

67th percentile

11%

Higher net margin than 67% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$149,864

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 27.9% of source-year revenue.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Asset Growth

18th percentile

-6.2%

Faster asset growth than 18% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

10th percentile

-14%

Faster revenue growth than 10% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets25th percentile

Assets

Down

$1,257,796

Down $82,706 (-6.2%) from 2022

Net Assets

Up

$1,230,365

Up $56,964 (+4.9%) from 2022

Liabilities

Down

$27,431

Down $139,670 (-84%) from 2022

Revenue And Expenses
Liabilities / Revenue29th percentileNet Margin67th percentile

Revenue

Down

$536,893

Down $87,885 (-14%) from 2022

Expenses

Down

$479,929

Down $134,711 (-22%) from 2022

Net Income

Up

$56,964

Up $46,826 (+462%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth18th 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

2023

Assets$1,257,796
Liabilities$27,431
Net Assets$1,230,365
Open 2023 Filing

Operations Trend

Revenue Growth10th 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

2023

Revenue$536,893
Expenses$479,929
Net Income$56,964
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 9, 2024
Return Version
2023v5.0
Gross Receipts
$536,893
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$1,016,563$940,577▼ $75,986
Land, Buildings, and Equipment, Net$323,939$309,818▼ $14,121
Prepaid Expenses and Deferred Charges-$7,401-
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-
Total Assets$1,340,502$1,257,796▼ $82,706
Other Assets Total-$0-
Liabilities
Other Liabilities$20,062$25,470▲ $5,408
Mortgage Notes Payable Secured by Investment Property$124,449$1,253▼ $123,196
Accounts Payable and Accrued Expenses$22,590$708▼ $21,882
Total Liabilities$167,101$27,431▼ $139,670
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$863,438$917,461▲ $54,023
Net Assets With Donor Restrictions$309,963$312,904▲ $2,941
Total Net Assets Fund Balance$1,173,401$1,230,365▲ $56,964
Total Liabilities and Net Assets / Fund Balance$1,340,502$1,257,796▼ $82,706

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$168,002$16,998-
Other Land Buildings$16,627$23,053-
Land$35,000--
Leasehold Improvements$90,189$6,824-
Compensation and Service Providers
Top Officer Pay54th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Kate MacarthurPresident & CEOFT$149,864$149,864

Board Members and Trustees

NameTitle
Dwight PoirrierChairman
Chuck LeblancVice Chair
Aaron LawlerBoard Member
Bill DawsonBoard Member
Don SchexnaydreBoard Member
Janet BrittonBoard Member
John CagnolattiBoard Member
Kevin SchexnayderBoard Member
Kirk BoudreauxBoard Member
Lauthaught DelaneyBoard Member
Randy ClouatreBoard Member
Robert BurgessBoard Member
Roger KeeseBoard Member
Derrick CocoSecretary/Treas
Revenue and Support

Revenue Composition

Contributions and Grants
$533,832
Program Service Revenue
$0
Investment Income
$3,061
Other Revenue
$0
All Other Contributions
$3,539
Change in Net Assets
$56,964
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$352,434
Other Expenses$127,495
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---$149,864
Other Salaries and Wages---$118,681
Other Employee Benefits---$48,708
Advertising---$34,618
Office Expenses---$23,712
Payroll Taxes---$21,848
Conferences and Meetings---$19,671
Depreciation Depletion---$14,121
Pension Plan Contributions---$13,333
Fees for Services Accounting---$6,950
Information Technology---$4,936
Insurance---$3,550
Interest---$3,101
Other Expenses---$2,687
Total Functional Expenses$0$0$0$479,929
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$25,470
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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, Section B, Line 11B

“A copy was provided to the board”

Form 990, Part VI, Section C, Line 19

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Ascension Economic Development
EIN
30-0340663
Phone
2256441750
Address
1210 E WORTHEY STREET UNIT B, GONZALES, LA 70737

Signing Officer

Name
Kate Macarthur
Title
President & CEO
Signed
2024-05-09
Discuss with paid preparer
Yes

Organization Details

Voting Board Members
9
Independent Board Members
0
Employees
3

Preparer

Firm
Diez Dupuy & Ruiz LLC
Address
1124 S Burnside Ave, Gonzales, LA 70737
Preparer
Kristen Trosclair
Phone
2252285800
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IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0AEDC IS RESPONSIBLE FOR IMPLEMENTING ECONOMIC DEVELOPMENT PROGRAMS TO THE BENEFIT OF THE CITIZENS OF ASCENSION PARISH, LOUISIANA.
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IRS990/MoreThan5000KToOrgInd0false
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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01253
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IRS990/NetAssetsOrFundBalancesEOYAmt01230365
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
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IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0863438
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0917461
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt023712
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt048708
IRS990/OtherExpensesGrp/Desc0STRATEGIC INITIATIVE
IRS990/OtherExpensesGrp/Desc1PROFESSIONAL MEMBERSHIPS
IRS990/OtherExpensesGrp/Desc2BUSINESS DEVELOPMENT
IRS990/OtherExpensesGrp/TotalAmt07245
IRS990/OtherExpensesGrp/TotalAmt16904
IRS990/OtherExpensesGrp/TotalAmt22687
IRS990/OtherLiabilitiesGrp/BOYAmt020062
IRS990/OtherLiabilitiesGrp/EOYAmt025470
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt0118681
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt021848
IRS990/PensionPlanContributionsGrp/TotalAmt013333
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07401
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0623518
IRS990/PYInvestmentIncomeAmt01260
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0284661
IRS990/PYRevenuesLessExpensesAmt010138
IRS990/PYSalariesCompEmpBnftPaidAmt0329979
IRS990/PYTotalExpensesAmt0614640
IRS990/PYTotalRevenueAmt0624778
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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt056964
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0168002
IRS990ScheduleD/BuildingsGrp/DepreciationAmt016998
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0185000
IRS990ScheduleD/LandGrp/BookValueAmt035000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt035000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt090189
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt06824
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt097013
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt016627
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt023053
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt039680
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt025470
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0309818
IRS990ScheduleD/TotalLiabilityAmt025470
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY WAS PROVIDED TO THE BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0204616260
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0LA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01210 E WORTHEY STREET UNIT B
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0GONZALES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0LA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd070737
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
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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/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01340502
IRS990/TotalAssetsEOYAmt01257796
IRS990/TotalAssetsGrp/BOYAmt01340502
IRS990/TotalAssetsGrp/EOYAmt01257796
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0533832
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0479929
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0167101
IRS990/TotalLiabilitiesEOYAmt027431
IRS990/TotalLiabilitiesGrp/BOYAmt0167101
IRS990/TotalLiabilitiesGrp/EOYAmt027431
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01173401
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01230365
IRS990/TotalProgramServiceExpensesAmt0364038
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt0149864
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03061
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0536893
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01340502
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01257796
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,257,796
Liabilities
$27,431
Net assets
$1,230,365
Revenue
$536,893
Expenses
$479,929
Net income
$56,964
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