Civic Intelligence

Ascension Economic Development Corporati

990 • Fiscal year 2024 • EIN 30-0340663

Jan 01, 2024 to Dec 31, 2024 • Filed on May 13, 2025

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

28th percentile

0.03x

Higher debt load relative to assets than 28% of similar nonprofits.

2024 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

33rd percentile

0.07x

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

2024 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2024

Net Margin

66th percentile

9.9%

Higher net margin than 66% of similar nonprofits.

2024 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

63rd percentile

$177,339

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 29.8% of source-year revenue.

2024 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2024

Asset Growth

49th percentile

5.7%

Faster asset growth than 49% of similar nonprofits.

2024 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

63rd percentile

11%

Faster revenue growth than 63% of similar nonprofits.

2024 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets28th percentile

Assets

Up

$1,328,870

Up $71,074 (+5.7%) from 2023

Net Assets

Up

$1,289,567

Up $59,202 (+4.8%) from 2023

Liabilities

Up

$39,303

Up $11,872 (+43%) from 2023

Revenue And Expenses
Liabilities / Revenue33rd percentileNet Margin66th percentile

Revenue

Up

$595,321

Up $58,428 (+11%) from 2023

Expenses

Up

$536,119

Up $56,190 (+12%) from 2023

Net Income

Up

$59,202

Up $2,238 (+3.9%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth49th 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

2024

Assets$1,328,870
Liabilities$39,303
Net Assets$1,289,567
Open 2024 Filing

Operations Trend

Revenue Growth63rd 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

2024

Revenue$595,321
Expenses$536,119
Net Income$59,202
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 13, 2025
Return Version
2024v5.1
Gross Receipts
$595,321
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$940,577$724,930▼ $215,647
Land, Buildings, and Equipment, Net$309,818$598,091▲ $288,273
Prepaid Expenses and Deferred Charges$7,401$5,849▼ $1,552
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$1,257,796$1,328,870▲ $71,074
Other Assets Total-$0-
Liabilities
Other Liabilities$25,470$33,190▲ $7,720
Mortgage Notes Payable Secured by Investment Property$1,253$5,574▲ $4,321
Accounts Payable and Accrued Expenses$708$539▼ $169
Total Liabilities$27,431$39,303▲ $11,872
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$917,461$973,494▲ $56,033
Net Assets With Donor Restrictions$312,904$316,073▲ $3,169
Total Net Assets Fund Balance$1,230,365$1,289,567▲ $59,202
Total Liabilities and Net Assets / Fund Balance$1,257,796$1,328,870▲ $71,074

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$441,403$23,784-
Other Land Buildings$16,727$23,629-
Land$35,000--
Leasehold Improvements$104,961$9,852-
Compensation and Service Providers
Top Officer Pay63rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kate MacarthurPresident & CEOFT$158,680$18,659$177,339

Board Members and Trustees

NameTitle
Dwight PoirrierChairman
Chuck LeblancVice Chair
Bill DawsonBoard Member
Don SchexnaydreBoard Member
Janet BrittonBoard Member
Kevin MccarrollBoard Member
Kevin SchexnayderBoard Member
Kirk BoudreauxBoard Member
Lauthaught DelaneyBoard Member
Oliver JosephBoard Member
Randy ClouatreBoard Member
Roger KeeseBoard Member
Todd VarnadoBoard Member
Derrick CocoSecretary/Treas
Revenue and Support

Revenue Composition

Contributions and Grants
$591,425
Program Service Revenue
$0
Investment Income
$3,896
Other Revenue
$0
All Other Contributions
$905
Change in Net Assets
$59,202
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$378,918
Other Expenses$157,201
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---$177,339
Other Salaries and Wages---$127,556
Advertising---$50,406
Other Employee Benefits---$44,535
Office Expenses---$28,803
Payroll Taxes---$23,155
Depreciation Depletion---$15,367
Conferences and Meetings---$10,882
Insurance---$8,000
Fees for Services Accounting---$7,300
Pension Plan Contributions---$6,333
Information Technology---$5,293
Other Expenses---$3,163
Interest---$63
Total Functional Expenses$0$0$0$536,119
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$33,190
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
2025-05-13
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/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
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IRS990/MembersOrStockholdersInd0false
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/EOYAmt05574
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IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
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IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0917461
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0973494
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IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt028803
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt044535
IRS990/OtherExpensesGrp/Desc0STRATEGIC INITIATIVE
IRS990/OtherExpensesGrp/Desc1PROFESSIONAL MEMBERSHIPS
IRS990/OtherExpensesGrp/Desc2BUSINESS DEVELOPMENT
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IRS990/OtherExpensesGrp/TotalAmt18650
IRS990/OtherExpensesGrp/TotalAmt23163
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IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt0127556
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt023155
IRS990/PensionPlanContributionsGrp/TotalAmt06333
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07401
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05849
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0533832
IRS990/PYInvestmentIncomeAmt03061
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0127495
IRS990/PYRevenuesLessExpensesAmt056964
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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt059202
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0441403
IRS990ScheduleD/BuildingsGrp/DepreciationAmt023784
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0465187
IRS990ScheduleD/LandGrp/BookValueAmt035000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt035000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0104961
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt09852
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0114813
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt016727
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt023629
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt040356
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt033190
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0598091
IRS990ScheduleD/TotalLiabilityAmt033190
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0158680
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt07934
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt010725
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KATE MACARTHUR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President & CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0177339
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
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/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/TotalAssetsBOYAmt01257796
IRS990/TotalAssetsEOYAmt01328870
IRS990/TotalAssetsGrp/BOYAmt01257796
IRS990/TotalAssetsGrp/EOYAmt01328870
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt0591425
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0536119
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt027431
IRS990/TotalLiabilitiesEOYAmt039303
IRS990/TotalLiabilitiesGrp/BOYAmt027431
IRS990/TotalLiabilitiesGrp/EOYAmt039303
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01230365

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,328,870
Liabilities
$39,303
Net assets
$1,289,567
Revenue
$595,321
Expenses
$536,119
Net income
$59,202
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