Civic Intelligence

Terrebonne Economic Development Foundation

990 • Fiscal year 2013 • EIN 58-1866575

Jan 01, 2013 to Dec 31, 2013 • Filed on Nov 12, 2014

Organization ProfileN/A
PO Box 320970361

(985) 873-6454

Siviq Scores

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

Liabilities / Assets

88th percentile

0.48x

Higher debt load relative to assets than 88% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Liabilities / Revenue

97th percentile

2.15x

Higher debt load relative to revenue than 97% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Net Margin

51st percentile

3.1%

Higher net margin than 51% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Top Officer Pay

73rd percentile

$0

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Asset Growth

48th percentile

0.6%

Faster asset growth than 48% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2013

Revenue Growth

60th percentile

8.5%

Faster revenue growth than 60% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2013

Balance Sheet
Liabilities / Assets88th percentile

Assets

Up

$258,342

Up $1,519 (+0.6%) from 2012

Net Assets

Up

$133,632

Up $1,809 (+1.4%) from 2012

Liabilities

Down

$124,710

Down $290 (-0.2%) from 2012

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin51st percentile

Revenue

Up

$57,898

Up $4,548 (+8.5%) from 2012

Expenses

Up

$56,089

Up $848 (+1.5%) from 2012

Net Income

Up

$1,809

Up $3,700 (+196%) from 2012

Historical Trend

Balance Sheet Trend

Asset Growth48th percentile

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

$800K$600K$400K$200K$0Assets 2010: $114,560Liabilities 2010: $6,500Net Assets 2010: $108,0602010Assets 2011: $140,214Liabilities 2011: $6,500Net Assets 2011: $133,7142011Assets 2012: $256,823Liabilities 2012: $125,000Net Assets 2012: $131,8232012Assets 2013: $258,342Liabilities 2013: $124,710Net Assets 2013: $133,6322013Assets 2014: $259,012Liabilities 2014: $124,710Net Assets 2014: $134,3022014Assets 2015: $121,802Net Assets 2015: $121,8022015Assets 2020: $135,996Liabilities 2020: $0Net Assets 2020: $135,9962020Assets 2021: $707,877Liabilities 2021: $0Net Assets 2021: $707,8772021Assets 2022: $616,111Liabilities 2022: $0Net Assets 2022: $616,1112022Assets 2023: $517,949Liabilities 2023: $0Net Assets 2023: $517,9492023Assets 2024: $515,374Liabilities 2024: $96,166Net Assets 2024: $419,2082024

Highlighted filing

2013

Assets$258,342
Liabilities$124,710
Net Assets$133,632
Open 2013 Filing

Operations Trend

Revenue Growth60th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2010: $69,311Expenses 2010: $44,690Net Income 2010: $24,6212010Revenue 2011: $2,926,510Expenses 2011: $2,900,856Net Income 2011: $25,6542011Revenue 2012: $53,350Expenses 2012: $55,241Net Income 2012: -$1,8912012Revenue 2013: $57,898Expenses 2013: $56,089Net Income 2013: $1,8092013Revenue 2014: $670Expenses 2014: $0Net Income 2014: $6702014Revenue 2015: $9,283Expenses 2015: $9,283Net Income 2015: $02015Revenue 2020: $501,842Expenses 2020: $488,662Net Income 2020: $13,1802020Revenue 2021: $1,454,019Expenses 2021: $845,010Net Income 2021: $609,0092021Revenue 2022: $66,465Expenses 2022: $158,230Net Income 2022: -$91,7652022Revenue 2023: $1,202Expenses 2023: $99,364Net Income 2023: -$98,1622023Revenue 2024: $95,753Expenses 2024: $194,494Net Income 2024: -$98,7412024

Highlighted filing

2013

Revenue$57,898
Expenses$56,089
Net Income$1,809
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Nov 12, 2014
Return Version
2013v3.1
Gross Receipts
$57,898
Mission and Program Overview

Mission

Promoting industrial improvement

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$143,263$151,772▲ $8,509
Land, Buildings, and Equipment, Net$55,000$55,000→ $0
Other Notes and Loans Receivable, Net$58,560$51,570▼ $6,990
Total Assets$256,823$258,342▲ $1,519
Liabilities
Other Liabilities$125,000$124,710▼ $290
Total Liabilities$125,000$124,710▼ $290
Net Assets / Fund Balance
Unrestricted Net Assets$131,823$133,632▲ $1,809
Total Net Assets Fund Balance$131,823$133,632▲ $1,809
Total Liabilities and Net Assets / Fund Balance$256,823$258,342▲ $1,519

Asset Categories

AssetBook ValueDepreciationBasis
Land$55,000-$55,000
Compensation and Service Providers
Top Officer Pay73rd percentile

Board Members and Trustees

NameTitle
Clarence WilliamsChairman
Katie SimsVice Chairman
Steve VassalloCEO
Don HingleMember
Graham DouglasMember
J Louis Bubba Watkins IiiMember
Lori DavisMember
Mark LeeMember
Mike LewisMember
Robert LeblancMember
Synde DevillierMember
Dr Laynie BarrilleauxNon-Voting Member
Christian D LapeyreSecretary
Stephen SmithTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$55,866
Program Service Revenue
$0
Investment Income
$2,032
Other Revenue
$0
All Other Contributions
$1,605
Change in Net Assets
$1,809

Audited Revenue Reconciliation

Revenue per Audited Statements
$57,898
Total Revenue per Audited Statements
$57,898
Total Revenue per Form 990
$57,898
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$56,089
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$6,790$0$0$6,790
Occupancy$3,950$0$0$3,950
Other Expenses$2,460$0$0$2,460
Conferences and Meetings$1,425$0$0$1,425
Fees for Services Accounting$1,345$0$0$1,345
All Other Expenses$1,115$0$0$1,115
Total Functional Expenses$56,089$0$0$56,089

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$56,089
Total Expenses per Audited Statements$56,089
Total Expenses per Form 990$56,089
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
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
TedaCommon BoardLoan from TEDANo$124,710
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Terrebonne Economic Development Authority$124,710
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No
Filing and Contact Details

Filer

EIN
58-1866575
Phone
9858736454

Signing Officer

Name
Louis Watkins
Title
Current Chairman
Phone
9858736454
Signed
2014-11-12
Discuss with paid preparer
Yes

Organization Details

Formed
1989
Legal Domicile
La
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
0

Preparer

Preparer
Mary M Benson
Phone
9858513638
Supplemental Narrative

Additional Explanations

Pt VI, Line 6

“The Foundation had 13 board members during 2013 (12 voting members and one non-voting member).”

Pt VI, Line 7A

“Board members can vote new members onto the Board.”

Pt VI, Line 7B

“Voting board members vote on significant decisions.”

Pt VI, Line 11B

“The current Board Chairman approves the 990.”

Pt VI, Line 12C

“Board members are instructed to reveal any conflicts of interest. The Board ensures that”

Pt VI, Line 12C

“any new conflicts noted at the board meetings are dealt with.”

Pt VI, Line 15A

“TEDFO does not have any employees.”

Pt VI, Line 15B

“TEDFO does not have any employees.”

Pt VI, Line 19

“Audited financial statements are on the Louisiana Legislative Auditor's website. Other”

Pt VI, Line 19

“governmental documents and the conflict of interest policy are available upon request.”

Form 990EZ, Part II, Line 26

“Accounts payable & accrued expenses”

Form 990, Part IX, Line 24F

“Meals and entertainment 865. 865. 0. 0. Events 250. 250. 0. 0.”

Raw XML AppendixShowing 400 of 432 raw XML fields

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

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Promoting industrial improvement
IRS990/AdvertisingGrp/FundraisingAmt00
IRS990/AdvertisingGrp/ManagementAndGeneralAmt00
IRS990/AdvertisingGrp/ProgramServicesAmt06790
IRS990/AdvertisingGrp/TotalAmt06790
IRS990/AllOtherContributionsAmt01605
IRS990/AllOtherExpensesGrp/FundraisingAmt00
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/AllOtherExpensesGrp/ProgramServicesAmt01115
IRS990/AllOtherExpensesGrp/TotalAmt01115
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0SONJA LABAT
IRS990/BooksInCareOfDetail/PhoneNum09858736454
IRS990/BooksInCareOfDetail/USAddress/AddressLine108026 Main Street Suite 300
IRS990/BooksInCareOfDetail/USAddress/City0Houma
IRS990/BooksInCareOfDetail/USAddress/State0LA
IRS990/BooksInCareOfDetail/USAddress/ZIPCode070360
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0true
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0143263
IRS990/CashNonInterestBearingGrp/EOYAmt0151772
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/FundraisingAmt00
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt00
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt01425
IRS990/ConferencesMeetingsGrp/TotalAmt01425
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0true
IRS990/ContriRptFundraisingEventAmt054261
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt055866
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt02032
IRS990/CYOtherExpensesAmt056089
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt01809
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt056089
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt057898
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0RESPONSIBLE FOR PROMOTING, ENCOURAGING, AND PARTICIPATING IN INDUSTRIAL DEVELOPMENT TO STIMULATE THE ECONOMY THROUGH COMMERCE, INDUSTRY, AND RESEARCH AND FOR THE UTILIZATION AND DEVELOPMENT OF NATURAL, PHYSICAL, AND HUMAN RESOURCES OF TERREBONNE PARISH.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExcessBusinessHoldingsInd0false
IRS990/ExpenseAmt056089
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/FundraisingAmt00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt00
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt01345
IRS990/FeesForServicesAccountingGrp/TotalAmt01345
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt100.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt110.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt120.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt131.50
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/PersonNm0CLARENCE WILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm1KATIE SIMS
IRS990/Form990PartVIISectionAGrp/PersonNm2CHRISTIAN D LAPEYRE
IRS990/Form990PartVIISectionAGrp/PersonNm3STEPHEN SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm4DR LAYNIE BARRILLEAUX
IRS990/Form990PartVIISectionAGrp/PersonNm5LORI DAVIS
IRS990/Form990PartVIISectionAGrp/PersonNm6GRAHAM DOUGLAS
IRS990/Form990PartVIISectionAGrp/PersonNm7MIKE LEWIS
IRS990/Form990PartVIISectionAGrp/PersonNm8MARK LEE
IRS990/Form990PartVIISectionAGrp/PersonNm9ROBERT LEBLANC
IRS990/Form990PartVIISectionAGrp/PersonNm10J LOUIS BUBBA WATKINS III
IRS990/Form990PartVIISectionAGrp/PersonNm11DON HINGLE
IRS990/Form990PartVIISectionAGrp/PersonNm12SYNDE DEVILLIER
IRS990/Form990PartVIISectionAGrp/PersonNm13STEVE VASSALLO
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Non-Voting Member
IRS990/Form990PartVIISectionAGrp/TitleTxt5Member
IRS990/Form990PartVIISectionAGrp/TitleTxt6Member
IRS990/Form990PartVIISectionAGrp/TitleTxt7Member
IRS990/Form990PartVIISectionAGrp/TitleTxt8Member
IRS990/Form990PartVIISectionAGrp/TitleTxt9Member
IRS990/Form990PartVIISectionAGrp/TitleTxt10Member
IRS990/Form990PartVIISectionAGrp/TitleTxt11Member
IRS990/Form990PartVIISectionAGrp/TitleTxt12Member
IRS990/Form990PartVIISectionAGrp/TitleTxt13CEO
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01989
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingAmt054261
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt057898
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt013
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02032
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt055000
IRS990/LandBldgEquipBasisNetGrp/EOYAmt055000
IRS990/LandBldgEquipCostOrOtherBssAmt055000
IRS990/LegalDomicileStateCd0LA
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Promoting industrial improvement
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0131823
IRS990/NetAssetsOrFundBalancesEOYAmt0133632
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt00
IRS990/OccupancyGrp/ProgramServicesAmt03950
IRS990/OccupancyGrp/TotalAmt03950
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0Youth Entrepreneurship Program
IRS990/OtherExpensesGrp/Desc1Program expense - other
IRS990/OtherExpensesGrp/Desc2Banquet meals and entertainment
IRS990/OtherExpensesGrp/Desc3Dues and subscriptions
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt024255
IRS990/OtherExpensesGrp/ProgramServicesAmt1465
IRS990/OtherExpensesGrp/ProgramServicesAmt214284
IRS990/OtherExpensesGrp/ProgramServicesAmt32460
IRS990/OtherExpensesGrp/TotalAmt024255
IRS990/OtherExpensesGrp/TotalAmt1465
IRS990/OtherExpensesGrp/TotalAmt214284
IRS990/OtherExpensesGrp/TotalAmt32460
IRS990/OtherLiabilitiesGrp/BOYAmt0125000
IRS990/OtherLiabilitiesGrp/EOYAmt0124710
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt058560
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt051570
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfcrBusinessAddress/BusinessNameLine10Louis Watkins
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt053150
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt049781
IRS990/PYInvestmentIncomeAmt0200
IRS990/PYOtherExpensesAmt05460
IRS990/PYRevenuesLessExpensesAmt0-1891
IRS990/PYTotalExpensesAmt055241
IRS990/PYTotalRevenueAmt053350
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt01809
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt055866
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt055866
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt053150
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt051510
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt069311
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0150186
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0380023
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt02032
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0200
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02232
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99420
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct00.99950
IRS990ScheduleA/PublicSupportTotal170Amt0380023
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt055866
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt053150
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt051510
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt069311
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0150186
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0380023
IRS990ScheduleA/TotalSupportAmt0382255
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesSubtotalAmt056089
IRS990ScheduleD/LandGrp/BookValueAmt055000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt055000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0124710
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Due to Terrebonne Economic Development Authority
IRS990ScheduleD/RevenueSubtotalAmt057898
IRS990ScheduleD/TotalBookValueLandBuildingsAmt055000
IRS990ScheduleD/TotalExpensesPerForm990Amt056089
IRS990ScheduleD/TotalLiabilityAmt0124710
IRS990ScheduleD/TotalRevenuePerForm990Amt057898
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt057898
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt056089
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0TEDA
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Common Board
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0124710
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Loan from TEDA
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0TEDA lent TEDFO $125,000 in 2012 for the Sustainability Fund.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0Part IV, Line (1)
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Foundation had 13 board members during 2013 (12 voting members and one non-voting member).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board members can vote new members onto the Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Voting board members vote on significant decisions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The current Board Chairman approves the 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Board members are instructed to reveal any conflicts of interest. The Board ensures that
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5any new conflicts noted at the board meetings are dealt with.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6TEDFO does not have any employees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7TEDFO does not have any employees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Audited financial statements are on the Louisiana Legislative Auditor's website. Other
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9governmental documents and the conflict of interest policy are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10ACCOUNTS PAYABLE & ACCRUED EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11MEALS AND ENTERTAINMENT 865. 865. 0. 0. EVENTS 250. 250. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 24f
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0256823
IRS990/TotalAssetsEOYAmt0258342
IRS990/TotalAssetsGrp/BOYAmt0256823
IRS990/TotalAssetsGrp/EOYAmt0258342
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt055866
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt056089
IRS990/TotalFunctionalExpensesGrp/TotalAmt056089
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0125000
IRS990/TotalLiabilitiesEOYAmt0124710
IRS990/TotalLiabilitiesGrp/BOYAmt0125000
IRS990/TotalLiabilitiesGrp/EOYAmt0124710
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0131823
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0133632
IRS990/TotalProgramServiceExpensesAmt056089
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02032
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt057898
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0256823
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0258342
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0131823
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0133632
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10PO Box 3209
IRS990/USAddress/City0Houma
IRS990/USAddress/State0LA

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$258,342
Liabilities
$124,710
Net assets
$133,632
Revenue
$57,898
Expenses
$56,089
Net income
$1,809
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.52$0.10$0.42$0.10$0.19$0.10
2023Detailed filing. Detailed filing data is available for this year.$0.52$0.00$0.52$0.00$0.10$0.10
2022Detailed filing. Detailed filing data is available for this year.$0.62$0.00$0.62$0.07$0.16$0.09
2021Detailed filing. Detailed filing data is available for this year.$0.71$0.00$0.71$1.45$0.85$0.61
2020Detailed filing. Detailed filing data is available for this year.$0.14$0.00$0.14$0.50$0.49$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.12$0.12$0.01$0.01$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.26$0.12$0.13$0.00$0.00$0.00
2013Detailed filing. Detailed filing data is available for this year.$0.26$0.12$0.13$0.06$0.06$0.00
2012Summary only. Only limited summary data is available for this year.$0.26$0.13$0.13$0.05$0.06$0.00
2011Summary only. Only limited summary data is available for this year.$0.14$0.01$0.13$2.93$2.90$0.03
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.11$0.01$0.11$0.07$0.04$0.02