Grambling Economic Development Corporation

990PF • Fiscal year 2023 • EIN 47-2319699

Jan 01, 2023 to Dec 31, 2023 • Filed on Apr 25, 2024

Organization Profile

150 Woodland Springs RdGrambling, LA 71245

(318) 247-6120

Siviq Scores

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

0.97x

Higher debt load relative to assets than 95% of similar nonprofits.

2023 filings • <$500k nonprofits • Source year 2023

1.06x

Higher debt load relative to revenue than 96% of similar nonprofits.

2023 filings • <$500k nonprofits • Source year 2023

-2.8%

Higher net margin than 39% of similar nonprofits.

2023 filings • <$500k nonprofits • Source year 2023

$67,308

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 23.8% of source-year revenue.

2023 filings • <$500k nonprofits • Source year 2023

-27%

Faster asset growth than 17% of similar nonprofits.

2023 filings • <$500k nonprofits • Annualized from 2022 to 2023

-37%

Faster revenue growth than 16% of similar nonprofits.

2023 filings • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet

Liabilities / Assets95th percentile

Assets

Down

$310,846

Down $117,057 (-27%) from 2022

Net Assets

Down

$10,191

Down $7,867 (-44%) from 2022

Liabilities

Down

$300,655

Down $109,190 (-27%) from 2022

Revenue And Expenses

Liabilities / Revenue96th percentile Net Margin39th percentile

Revenue

Down

$282,478

Down $164,969 (-37%) from 2022

Expenses

Down

$290,345

Down $27,422 (-8.6%) from 2022

Net Income

Down

-$7,867

Down $137,547 (-106%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth17th percentile

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

Highlighted filing

2023

Assets$310,846

Liabilities$300,655

Net Assets$10,191

Open 2023 Filing

Operations Trend

Revenue Growth16th percentile

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

Highlighted filing

2023

Revenue$282,478

Expenses$290,345

Net Income-$7,867

Open 2023 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2023 to Dec 31, 2023
Signed: Apr 25, 2024
Return Version: 2023v5.0

Compensation and Service Providers

Top Officer Pay96th percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
EDWARD R JONES	President	PT	$67,308	-	$67,308
PHYILL MILLER	Member	-	$0	-	-
MARY GIPSON	Vice President	-	$0	-	-
EDDIE ROBINSON III	Member	-	$0	-	-
LINDA BUTLER	Secretary	-	$0	-	-

Filing and Contact Details

Filer

Filer Name: Grambling Economic Development
EIN: 47-2319699
Phone: 3182476120
Address: 150 WOODLAND SPRINGS RD, GRAMBLING, LA 71245

Signing Officer

Name: Edward R Jones
Title: President
Signed: 2024-04-25
Discuss with paid preparer: Yes

Preparer

Firm: Johnson Perry Roussel & Cuthbert LLP
Address: 3007 Armand Street, Monroe, LA 71201
Preparer: James J Cuthbert
Phone: 3183225156

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt	2	Vice President
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IRS990PF/Organization501c3ExemptPFInd	0	X
IRS990PF/PFQualifyingDistributionsGrp/ExpensesAndContributionsAmt	0	1250
IRS990PF/PFQualifyingDistributionsGrp/QualifyingDistributionsAmt	0	1250
IRS990PF/RlnOfActyToAccomOfExmptPrpsGrp/RlnOfActyToAccomOfExmptPrpsGrp/LineNumberTxt	0	11A
IRS990PF/RlnOfActyToAccomOfExmptPrpsGrp/RlnOfActyToAccomOfExmptPrpsGrp/LineNumberTxt	1	11B
IRS990PF/RlnOfActyToAccomOfExmptPrpsGrp/RlnOfActyToAccomOfExmptPrpsGrp/LineNumberTxt	2	11C
IRS990PF/RlnOfActyToAccomOfExmptPrpsGrp/RlnOfActyToAccomOfExmptPrpsGrp/RelationshipStatementTxt	0	FUNDS ARE USED TO SUPPORT AND PROMOTE THE ECONOMIC DEVELOPMENT OF THE CITY OF GRAMBLING.
IRS990PF/RlnOfActyToAccomOfExmptPrpsGrp/RlnOfActyToAccomOfExmptPrpsGrp/RelationshipStatementTxt	1	FUNDS ARE USED TO SUPPORT AND PROMOTE THE ECONOMIC DEVELOPMENT OF THE CITY OF GRAMBLING.
IRS990PF/RlnOfActyToAccomOfExmptPrpsGrp/RlnOfActyToAccomOfExmptPrpsGrp/RelationshipStatementTxt	2	FUNDS ARE USED TO SUPPORT AND PROMOTE THE ECONOMIC DEVELOPMENT OF THE CITY OF GRAMBLING.
IRS990PF/StatementsRegardingActy4720Grp/ActsFailToQlfyAsExceptionsInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/BrrwOrLendDisqualifiedPrsnInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/BusinessHoldingsInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/FurnGoodsDisqualifiedPrsnInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/GrantsToIndividualsInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/GrantsToOrganizationsInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/InfluenceElectionInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/InfluenceLegislationInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/JeopardyInvestmentsInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/NoncharitablePurposeInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/PayCompDisqualifiedPrsnInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/PaymentToGovernmentOfficialInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/PayPremiumsPrsnlBnftCntrctInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/ProhibitedTaxShelterTransInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/RcvFndsToPayPrsnlBnftCntrctInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/SaleOrExchDisqualifiedPrsnInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/SubjToTaxRmnrtnExPrchtPymtInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/TransferAstDisqualifiedPrsnInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/UncorrectedPriorActsInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/UncorrectedPYJeopardyInvstInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/UndistributedIncomePYInd	0	false
IRS990PF/StatementsRegardingActyGrp/ActivitiesNotPreviouslyRptInd	0	false
IRS990PF/StatementsRegardingActyGrp/AtLeast5000InAssetsInd	0	true
IRS990PF/StatementsRegardingActyGrp/ChangesToArticlesOrBylawsInd	0	false
IRS990PF/StatementsRegardingActyGrp/ComplyWithPublicInspRqrInd	0	true
IRS990PF/StatementsRegardingActyGrp/DonorAdvisedFundInd	0	false
IRS990PF/StatementsRegardingActyGrp/ForeignAccountsQuestionInd	0	false
IRS990PF/StatementsRegardingActyGrp/Form1120POLFiledInd	0	false
IRS990PF/StatementsRegardingActyGrp/Form990PFFiledWithAttyGenInd	0	true
IRS990PF/StatementsRegardingActyGrp/LegislativePoliticalActyInd	0	false
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/AddressLine1Txt	0	568 ROME ROAD
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/CityNm	0	JONESBORO
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/StateAbbreviationCd	0	LA
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/ZIPCd	0	71251
IRS990PF/StatementsRegardingActyGrp/MoreThan100SpentInd	0	false
IRS990PF/StatementsRegardingActyGrp/NewSubstantialContributorsInd	0	false
IRS990PF/StatementsRegardingActyGrp/OrganizationDissolvedEtcInd	0	false
IRS990PF/StatementsRegardingActyGrp/OrgReportOrRegisterStateCd	0	LA
IRS990PF/StatementsRegardingActyGrp/OwnControlledEntityInd	0	false
IRS990PF/StatementsRegardingActyGrp/PersonsWithBooksName/BusinessNameLine1Txt	0	BOSCH AND STATHAM LLC
IRS990PF/StatementsRegardingActyGrp/PhoneNum	0	3184751987
IRS990PF/StatementsRegardingActyGrp/PrivateOperatingFoundationInd	0	false
IRS990PF/StatementsRegardingActyGrp/Section508eRqrSatisfiedInd	0	false
IRS990PF/StatementsRegardingActyGrp/UnrelatedBusIncmOverLimitInd	0	false
IRS990PF/StatementsRegardingActyGrp/WebsiteAddressTxt	0	N/A
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt	0	250
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt	1	1000
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt	0	TO SUPPORT THE ORGANIZATION IN ITS MISSION
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt	1	TO SUPPORT THE ORGANIZATION IN ITS MISSION
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt	0	PC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt	1	PC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientPersonNm	0	ALPHA OMEGA YOUTH ORGANIZATION
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientPersonNm	1	LINCOLN PREPARATORY SCHOOL
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt	0	Po Box 743
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt	1	1453 W Martin Luther King Jr Ave
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm	0	GIBSLAND
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm	1	GRAMBLING
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd	0	LA
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd	1	LA
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd	0	71028
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd	1	71245
IRS990PF/SupplementaryInformationGrp/OnlyContriToPreselectedInd	0	X
IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriPdDurYrAmt	0	1250
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/LoansOrLoanGuaranteesInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PerformanceOfServicesEtcInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PurchaseOfAssetsNonchrtblEOInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/ReimbursementArrangementsInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RelationshipsNonchrtblEOInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RentalOfFacilitiesOthAssetsInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SalesOrExchangesOfAssetsInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SharingOfFacilitiesEtcInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOfCashToNonchrtblEOInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd	0	false
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt	0	0
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr1Amt	0	3102
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr2Amt	0	3525
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt	0	7877
IRS990PF/UndistributedIncomeGrp/ExcessFromCurrentYearAmt	0	1250
IRS990PF/UndistributedIncomeGrp/ExcessFromYear1Amt	0	3102
IRS990PF/UndistributedIncomeGrp/ExcessFromYear2Amt	0	3525
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt	0	1250
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt	0	1250
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt	0	7877
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt	0	6627
IRS990PF/UndistributedIncomeGrp/TreatedAsDistriFromCorpusAmt	0	0
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt	0	0
LandEtcSchedule2/LandEtcGrp/AccumulatedDepreciationAmt	0	13423
LandEtcSchedule2/LandEtcGrp/AccumulatedDepreciationAmt	1	8712
LandEtcSchedule2/LandEtcGrp/AccumulatedDepreciationAmt	2	6383
LandEtcSchedule2/LandEtcGrp/BookValueAmt	0	31320
LandEtcSchedule2/LandEtcGrp/BookValueAmt	1	19676
LandEtcSchedule2/LandEtcGrp/BookValueAmt	2	69367
LandEtcSchedule2/LandEtcGrp/BookValueAmt	3	180000
LandEtcSchedule2/LandEtcGrp/BookValueAmt	4	7000
LandEtcSchedule2/LandEtcGrp/CategoryOrItemTxt	0	Auto./Transportation Equip.
LandEtcSchedule2/LandEtcGrp/CategoryOrItemTxt	1	Furniture and Fixtures
LandEtcSchedule2/LandEtcGrp/CategoryOrItemTxt	2	Buildings
LandEtcSchedule2/LandEtcGrp/CategoryOrItemTxt	3	Land
LandEtcSchedule2/LandEtcGrp/CategoryOrItemTxt	4	Miscellaneous
LandEtcSchedule2/LandEtcGrp/CostOrOtherBasisAmt	0	44743
LandEtcSchedule2/LandEtcGrp/CostOrOtherBasisAmt	1	28388
LandEtcSchedule2/LandEtcGrp/CostOrOtherBasisAmt	2	75750
LandEtcSchedule2/LandEtcGrp/CostOrOtherBasisAmt	3	180000
LandEtcSchedule2/LandEtcGrp/CostOrOtherBasisAmt	4	7000
LandEtcSchedule2/LandEtcGrp/EOYFMVAmt	0	2473131
LegalFeesSchedule/LegalFeesGrp/AdjustedNetIncomeAmt	0	0
LegalFeesSchedule/LegalFeesGrp/CategoryTxt	0	LEGAL FEES
LegalFeesSchedule/LegalFeesGrp/DisbursementsCharitablePrpsAmt	0	0
LegalFeesSchedule/LegalFeesGrp/LegalFeesAmt	0	15143
LegalFeesSchedule/LegalFeesGrp/NetInvestmentIncomeAmt	0	0
MortgagesAndNotesPayableSch/MortgageAmt	0	293105
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	0	BANK CHARGES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	1	BOOKS, SUBSCRIPTIONS, REFERENCE
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	2	EVENT EXPENSES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	3	FACILITIES MAINTENANCE
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	4	MEDIA, PUBLICITY, ETC.
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	5	OTHER COSTS
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	6	OUTSIDE CONTRACT SERVICES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	7	POSTAGE
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	8	PROPERTY INSURANCE
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	9	RENT , PARKING, UTILITIES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	10	STIPENDS
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	11	SUPPLIES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	12	TELEPHONE, TELECOM, SECURITY
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	0	24
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	1	376
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	2	3100
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	3	22858
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	4	120
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	5	3807
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	6	545
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	7	527
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	8	27763
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	9	6604
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	10	53275
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	11	5791
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	12	9683
OtherIncomeSchedule2/OtherIncomeDetail/Desc	0	MISCELLANEOUS
OtherIncomeSchedule2/OtherIncomeDetail/Desc	1	SALES TAX
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt	0	2200
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt	1	6003
TaxesSchedule/TaxesDetail/Amt	0	5355
TaxesSchedule/TaxesDetail/CategoryTxt	0	PAYROLL TAXES
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd	0	AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd	0	FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd	0	IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd	0	2
ReturnHeader/BuildTS	0	2023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd	0	true
ReturnHeader/BusinessOfficerGrp/PersonNm	0	EDWARD R JONES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	President

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing

Assets: $310,846
Liabilities: $300,655
Net assets: $10,191
Revenue: $282,478
Expenses: $290,345
Net income: -$7,867

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2023Detailed filing. Detailed filing data is available for this year.	$3.11	$3.01	$0.10	$2.82	$2.90	$0.08
2022Detailed filing. Detailed filing data is available for this year.	$4.28	$4.10	$0.18	$4.47	$3.18	$1.30
2021Detailed filing. Detailed filing data is available for this year.	$3.77	$4.88	$1.12	$2.81	$2.43	$0.37
2020Detailed filing. Detailed filing data is available for this year.	$4.47	$5.96	$1.49	$0.17	$1.68	$1.51
2019Summary only. Only limited summary data is available for this year.	$0.03	$0.00		$0.58	$0.56	$0.02
2018Summary only. Only limited summary data is available for this year.	$0.01	$0.00		$0.56	$0.55	$0.01
2015Summary only. Only limited summary data is available for this year.	$0.02	$0.00		$0.16	$0.15	$0.02