Civic Intelligence

Terrebonne Economic Development Foundation

990 • Fiscal year 2014 • EIN 58-1866575

Jan 01, 2014 to Dec 31, 2014 • Filed on Oct 13, 2015

Organization ProfileN/A
PO Box 3209Houma, LA 70361

(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.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

100th percentile

186.13x

Higher debt load relative to revenue than 100% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

100th percentile

100%

Higher net margin than 100% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

47th percentile

0.3%

Faster asset growth than 47% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

1st percentile

-99%

Faster revenue growth than 1% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets88th percentile

Assets

Up

$259,012

Up $670 (+0.3%) from 2013

Net Assets

Up

$134,302

Up $670 (+0.5%) from 2013

Liabilities

Flat

$124,710

Flat from 2013

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin100th percentile

Revenue

Down

$670

Down $57,228 (-99%) from 2013

Expenses

Down

$0

Down $56,089 (-100%) from 2013

Net Income

Down

$670

Down $1,139 (-63%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth47th 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

2014

Assets$259,012
Liabilities$124,710
Net Assets$134,302
Open 2014 Filing

Operations Trend

Revenue Growth1st 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

2014

Revenue$670
Expenses$0
Net Income$670
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Oct 13, 2015
Return Version
2014v5.0
Gross Receipts
$670
Mission and Program Overview

Mission

Promoting industrial improvement

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$155,873-
Cash and Non-Interest-Bearing Accounts$151,772--
Land, Buildings, and Equipment, Net$55,000$55,000→ $0
Other Notes and Loans Receivable, Net$51,570$45,679▼ $5,891
Accounts Receivable-$2,460-
Total Assets$258,342$259,012▲ $670
Liabilities
Other Liabilities$124,710$124,710→ $0
Total Liabilities$124,710$124,710→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$133,632$134,302▲ $670
Total Net Assets Fund Balance$133,632$134,302▲ $670
Total Liabilities and Net Assets / Fund Balance$258,342$259,012▲ $670

Asset Categories

AssetBook ValueDepreciationBasis
Land$55,000-$55,000
Compensation and Service Providers
Top Officer Pay74th percentile

Board Members and Trustees

NameTitle
J Louis Bubba Watkins IiiChairman
Chad HebertMember
Clarence WilliamsMember
Dennis J ElfertMember
Edward DaigleMember
Kerry ChauvinMember
Lori DavisMember
Mark LeeMember
Mike LewisMember
Synde DevillierMember
Tommy GuariscoMember
Dr Laynie BarrilleauxNon-Voting Member
Robert LeblancSecretary
Graham DouglasTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$670
Other Revenue
$0
Change in Net Assets
$670

Audited Revenue Reconciliation

Revenue per Audited Statements
$670
Total Revenue per Audited Statements
$670
Total Revenue per Form 990
$670
Expenses and Functional Allocation

Major Expense Lines

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

Filer Name
Terrebonne Economic Development Foundation
EIN
58-1866575
Phone
9858736454
Address
PO Box 3209, Houma, LA 70361

Signing Officer

Name
Kerry Chauvin
Title
Current Chairman
Phone
9858736454
Signed
2015-10-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kerry Chauvin
Formed
1989
Legal Domicile
La
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
0

Preparer

Firm
Martin & Pellegrin CPA's PC
Address
103 Ramey Road, Houma, LA 70360
Preparer
Mary M Benson
Phone
9858513638
Supplemental Narrative

Additional Explanations

Pt VI, Line 6

“The Foundation had 14 board members during 2014 (13 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

“TEDA staff provide answers to all questions. 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 any new conflicts noted at the board meetings are dealt with.”

Pt VI, Line 15A

“TEDFO does not have any employees. Duties are carried out by TEDA staff.”

Pt VI, Line 15B

“TEDFO does not have any employees. Duties are carried out by TEDA staff.”

Pt VI, Line 19

“Documents and policies are available for review at TEDA's office. Audited financial statements are on the Louisiana Legislative Auditor's website. All items are available upon request.”

Pt III, Line 3

“Activity for TEDFO was almost nonexistent in 2014. It is expected that activity will increase.”

Form 990EZ, Part II, Line 26

“Accounts payable & accrued expenses”

Raw XML Appendix367 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.

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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 14 board members during 2014 (13 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/ExplanationTxt3TEDA staff provide answers to all questions. The current board Chairman approves the 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Board members are instructed to reveal any conflicts of interest. The Board ensures that any new conflicts noted at the board meetings are dealt with.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TEDFO does not have any employees. Duties are carried out by TEDA staff.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6TEDFO does not have any employees. Duties are carried out by TEDA staff.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Documents and policies are available for review at TEDA's office. Audited financial statements are on the Louisiana Legislative Auditor's website. All items are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Activity for TEDFO was almost nonexistent in 2014. It is expected that activity will increase.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9ACCOUNTS PAYABLE & ACCRUED EXPENSES
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 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Pt III, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990EZ, Part II, Line 26
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0true
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0258342
IRS990/TotalAssetsEOYAmt0259012
IRS990/TotalAssetsGrp/BOYAmt0258342
IRS990/TotalAssetsGrp/EOYAmt0259012
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt00
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0124710
IRS990/TotalLiabilitiesEOYAmt0124710
IRS990/TotalLiabilitiesGrp/BOYAmt0124710
IRS990/TotalLiabilitiesGrp/EOYAmt0124710
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0133632
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0134302
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0670
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0670
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0258342
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0259012
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0133632
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0134302
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0265 Renee Denise Court
IRS990/USAddress/CityNm0Theriot
IRS990/USAddress/StateAbbreviationCd0LA
IRS990/USAddress/ZIPCd070397
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KERRY CHAUVIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CURRENT CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum09858736454
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-10-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Terrebonne Economic Development Foundation
ReturnHeader/Filer/BusinessNameControlTxt0TERR
ReturnHeader/Filer/EIN0581866575
ReturnHeader/Filer/PhoneNum09858736454
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 3209
ReturnHeader/Filer/USAddress/CityNm0Houma
ReturnHeader/Filer/USAddress/StateAbbreviationCd0LA
ReturnHeader/Filer/USAddress/ZIPCd070361
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Martin & Pellegrin CPA's PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0103 Ramey Road
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Houma
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0LA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd070360
ReturnHeader/PreparerPersonGrp/PhoneNum09858513638
ReturnHeader/PreparerPersonGrp/PreparationDt02015-11-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARY M BENSON
ReturnHeader/ReturnTs02015-11-02T06:45:20-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$259,012
Liabilities
$124,710
Net assets
$134,302
Revenue
$670
Expenses
$0
Net income
$670
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