Civic Intelligence

Washington Economic Development

EIN 72-0918553 • 501(c)3 • Bogalusa, LA

Profile

To provide economic development services for the city of bogalusa & the surrounding washington parish area.

P O Box 668Bogalusa, LA 70429

www.wedf.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

68th percentile

0.01x

Higher debt load relative to assets than 68% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

74th percentile

0.03x

Higher debt load relative to revenue than 74% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

23rd percentile

-21%

Higher net margin than 23% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

39th percentile

-9.7%

Faster asset growth than 39% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

48th percentile

-2.4%

Faster revenue growth than 48% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$0

Down $218,961 (-100%) from 2022

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Down

$0

Down $215,936 (-100%) from 2022

Revenue

Down

$22,737

Down $82,723 (-78%) from 2022

Expenses

Down

$35,551

Down $92,180 (-72%) from 2022

Net Income

Up

-$12,814

Up $9,457 (+42%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2010: $457,034Liabilities 2010: $2,600Net Assets 2010: $454,4342010Assets 2011: $433,971Liabilities 2011: $2,800Net Assets 2011: $431,1712011Assets 2012: $453,529Liabilities 2012: $3,458Net Assets 2012: $450,0712012Assets 2013: $416,527Liabilities 2013: $3,329Net Assets 2013: $413,1982013Assets 2014: $387,598Liabilities 2014: $5,200Net Assets 2014: $382,3982014Assets 2015: $361,511Liabilities 2015: $3,435Net Assets 2015: $358,0762015Assets 2016: $338,274Liabilities 2016: $3,539Net Assets 2016: $334,7352016Assets 2017: $321,589Liabilities 2017: $3,964Net Assets 2017: $317,6252017Assets 2018: $292,237Liabilities 2018: $2,748Net Assets 2018: $289,4892018Assets 2019: $278,331Liabilities 2019: $6,726Net Assets 2019: $271,6052019Assets 2020: $257,574Liabilities 2020: $2,599Net Assets 2020: $254,9752020Assets 2021: $242,607Liabilities 2021: $4,402Net Assets 2021: $238,2052021Assets 2022: $218,961Liabilities 2022: $3,025Net Assets 2022: $215,9362022Assets 2023: $0Net Assets 2023: $02023

Highlighted filing

2023

Assets$0
Liabilities-
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0-$50KExpenses 2010: $119,0402010Revenue 2011: $101,803Expenses 2011: $125,066Net Income 2011: -$23,2632011Expenses 2012: $121,6652012Revenue 2013: $97,589Expenses 2013: $134,462Net Income 2013: -$36,8732013Revenue 2014: $96,562Expenses 2014: $127,362Net Income 2014: -$30,8002014Revenue 2015: $105,835Expenses 2015: $130,157Net Income 2015: -$24,3222015Revenue 2016: $100,456Expenses 2016: $123,797Net Income 2016: -$23,3412016Revenue 2017: $104,652Expenses 2017: $121,762Net Income 2017: -$17,1102017Revenue 2018: $97,974Expenses 2018: $126,024Net Income 2018: -$28,0502018Revenue 2019: $99,722Expenses 2019: $117,606Net Income 2019: -$17,8842019Revenue 2020: $96,279Expenses 2020: $113,589Net Income 2020: -$17,3102020Revenue 2021: $108,027Expenses 2021: $124,797Net Income 2021: -$16,7702021Revenue 2022: $105,460Expenses 2022: $127,731Net Income 2022: -$22,2712022Revenue 2023: $22,737Expenses 2023: $35,551Net Income 2023: -$12,8142023

Highlighted filing

2023

Revenue$22,737
Expenses$35,551
Net Income-$12,814

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.23$0.36$0.13
2022Detailed filing. Detailed filing data is available for this year.$2.19$0.03$2.16$1.05$1.28$0.22
2021Detailed filing. Detailed filing data is available for this year.$2.43$0.04$2.38$1.08$1.25$0.17
2020Detailed filing. Detailed filing data is available for this year.$2.58$0.03$2.55$0.96$1.14$0.17
2019Detailed filing. Detailed filing data is available for this year.$2.78$0.07$2.72$1.00$1.18$0.18
2018Detailed filing. Detailed filing data is available for this year.$2.92$0.03$2.89$0.98$1.26$0.28
2017Detailed filing. Detailed filing data is available for this year.$3.22$0.04$3.18$1.05$1.22$0.17
2016Detailed filing. Detailed filing data is available for this year.$3.38$0.04$3.35$1.00$1.24$0.23
2015Detailed filing. Detailed filing data is available for this year.$3.62$0.03$3.58$1.06$1.30$0.24
2014Detailed filing. Detailed filing data is available for this year.$3.88$0.05$3.82$0.97$1.27$0.31
2013Detailed filing. Detailed filing data is available for this year.$4.17$0.03$4.13$0.98$1.34$0.37
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.54$0.03$4.50$1.22
2011Summary only. Only limited summary data is available for this year.$4.34$0.03$4.31$1.02$1.25$0.23
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.57$0.03$4.54$1.19
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Aug 16, 2024
Return Version
2023v5.0
Gross Receipts
$22,737
Mission and Program Overview

Mission

To provide economic development services for the city of bogalusa & the surrounding washington parish area.

Program Services

DescriptionGrantsExpenses
TO PROVIDE ECONOMIC DEVELOPMENT SERVICES FOR THE CITY OF BOGALUSA & THE SURROUNDING WASHINGTON PARISH ARE-$35,551
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
CHRIS WORKMANPresdient-$0--
DEBBIE WILLIAMSBoard Member-$0--
KEN SMITHTreasurer-$0--
RYAN SEALExec. Direc--$0--
SHIRLEY THOMPSONAdm. Assista-$0--
DWAYNE LAMBERTBoard Member-$0--
CRISTI TANNERBoard Member-$0--
COYLEAN SCHLOGELBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Washington Economic Development
EIN
72-0918553
Phone
9857357565
Address
P O BOX 668, BOGALUSA, LA 70429

Signing Officer

Name
Ken Smith
Title
Treasurer
Phone
9857357565
Signed
2024-08-16
Discuss with paid preparer
Yes

Preparer

Firm
Minda B Raybourn CPA
Address
820 11TH AVE, FRANKLINTON, LA 70438
Preparer
Minda Raybourn
Phone
9858394413
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8

Miscellaenous 341 total 341

Form 990-ez, Part I, Line 16

Expenses advertising 1,075 office expense 3,390 travel 26 insurance 4,741 telephone 1,373 other 3,984 non-investment depreciation 1,067 total 15,656

Form 990-ez, Part I, Line 20

Merger. See schedule n -203,123

Form 990-ez, Part II, Line 24

Accounts receivable 3,732 0 prepaid expenses and deferred charges 4,794 0 equipment 21,284 0 less accumulated depreciation 12,575 0 total 17,235 0

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 3,024 0

Form 990-ez, Part III

To provide economic development services for the city of bogalusa & the surrounding washington parish area.

Raw XML Appendix197 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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IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt02023-12-31
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt12023-12-31
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MISCELLAENOUS 341 TOTAL 341
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES ADVERTISING 1,075 OFFICE EXPENSE 3,390 TRAVEL 26 INSURANCE 4,741 TELEPHONE 1,373 OTHER 3,984 NON-INVESTMENT DEPRECIATION 1,067 TOTAL 15,656
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MERGER. SEE SCHEDULE N -203,123
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ACCOUNTS RECEIVABLE 3,732 0 PREPAID EXPENSES AND DEFERRED CHARGES 4,794 0 EQUIPMENT 21,284 0 LESS ACCUMULATED DEPRECIATION 12,575 0 TOTAL 17,235 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ACCOUNTS PAYABLE AND ACCRUED EXPENSES 3,024 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TO PROVIDE ECONOMIC DEVELOPMENT SERVICES FOR THE CITY OF BOGALUSA & THE SURROUNDING WASHINGTON PARISH AREA.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III
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