Liabilities / Assets
67th percentile
Higher debt load relative to assets than 67% of similar nonprofits.
Washington Economic Development Foundation
990EZ • Fiscal year 2021 • EIN 72-0918553
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.02x
Liabilities / Revenue
73rd percentile
Higher debt load relative to revenue than 73% of similar nonprofits.
Net Margin
21st percentile
Higher net margin than 21% of similar nonprofits.
Top Officer Pay
77th percentile
Higher top officer pay than 77% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
30th percentile
Faster asset growth than 30% of similar nonprofits.
Revenue Growth
57th percentile
Faster revenue growth than 57% of similar nonprofits.
Balance Sheet
Assets
Down$242,607
Down $14,967 (-5.8%) from 2020
Net Assets
Down$238,205
Down $16,770 (-6.6%) from 2020
Liabilities
Up$4,402
Up $1,803 (+69%) from 2020
Revenue And Expenses
Revenue
Up$108,027
Up $11,748 (+12%) from 2020
Expenses
Up$124,797
Up $11,208 (+9.9%) from 2020
Net Income
Up-$16,770
Up $540 (+3.1%) from 2020
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2021 to Dec 31, 2021
- Signed
- Jun 27, 2022
- Return Version
- 2021v4.0
- Gross Receipts
- $108,027
Mission and Program Overview
Mission
To provide economic development services for the city of bogalusa & the surrounding washington parish area.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| TO PROVIDE ECONOMIC DEVELOPMENT SERVICES FOR THE CITY OF BOGALUSA & THE SURROUNDING WASHINGTON PARISH ARE | - | $105,277 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| CHRIS WORKMAN | Presdient | - | $0 | - | - |
| DEBBIE WILLIAMS | Board Member | - | $0 | - | - |
| KEN SMITH | Treasurer | - | $0 | - | - |
| RYAN SEAL | Exec. Direc- | - | $0 | - | - |
| SHIRLEY THOMPSON | Adm. Assista | - | $0 | - | - |
| DWAYNE LAMBERT | Board Member | - | $0 | - | - |
| CRISTI TANNER | Board Member | - | $0 | - | - |
| COYLEAN SCHLOGEL | Board 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
- Ryan Seal
- Title
- Exec. Direc-secret.
- Phone
- 9857357565
- Signed
- 2022-06-27
- 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
“Insurnace reimbursement 8,504 miscellaenous 301 total 8,805”
Form 990-ez, Part I, Line 16
“Expenses office 2,140 insurance 2,834 auto expense 812 dues & subscriptions 699 telephone 4,313 travel 79 non-investment depreciation 1,441 total 12,318”
Form 990-ez, Part I, Line 20
“ADJUSTMENT 0”
Form 990-ez, Part II, Line 24
“Accounts receivable 2,724 3,607 prepaid expenses and deferred charges 1,618 4,147 21,284 21,284 less accumulated depreciation 12,575 12,575 total 13,051 16,463”
Form 990-ez, Part II, Line 26
“Accounts payable and accrued expenses 2,599 4,402”
Form 990-ez, Part III
“To provide economic development services for the city of bogalusa & the surrounding washington parish area.”
Raw XML Appendix164 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 |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | SHIRLEY THOMPSON |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 9857357565 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | PO BOX 668 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | BOGALUSA |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | LA |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 70427 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 219573 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 202633 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 9705 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -16770 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 2600 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 257574 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 242607 |
| IRS990EZ/GrossReceiptsAmt | 0 | 108027 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 793 |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 24950 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 23511 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 254975 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 238205 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 254975 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 238205 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 12535 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 6 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 7 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 7 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | CHRIS WORKMAN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | DEBBIE WILLIAMS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | KEN SMITH |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | RYAN SEAL |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | SHIRLEY THOMPSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | DWAYNE LAMBERT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 6 | CRISTI TANNER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 7 | COYLEAN SCHLOGEL |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESDIENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | BOARD MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | EXEC. DIREC- |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | ADM. ASSISTA |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | BOARD MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 6 | BOARD MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 7 | BOARD MEMBER |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 13051 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 16463 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 12318 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 8805 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TO PROVIDE ECONOMIC DEVELOPMENT SERVICES FOR THE CITY OF BOGALUSA & THE SURROUNDING WASHINGTON PARISH AREA. |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 88724 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | TO PROVIDE ECONOMIC DEVELOPMENT SERVICES FOR THE CITY OF BOGALUSA & THE SURROUNDING WASHINGTON PARISH ARE |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 105277 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 97344 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 2599 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 4402 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 124797 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 105277 |
| IRS990EZ/TotalRevenueAmt | 0 | 108027 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.WEDF.COM |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 9705 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 10355 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 13285 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 33345 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 793 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 2004 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 1915 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 1600 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 963 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 7275 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 466034 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.82090 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.75950 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 33345 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 9705 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 10355 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 13285 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 33345 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 40620 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | INSURNACE REIMBURSEMENT 8,504 MISCELLAENOUS 301 TOTAL 8,805 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | EXPENSES OFFICE 2,140 INSURANCE 2,834 AUTO EXPENSE 812 DUES & SUBSCRIPTIONS 699 TELEPHONE 4,313 TRAVEL 79 NON-INVESTMENT DEPRECIATION 1,441 TOTAL 12,318 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | ADJUSTMENT 0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | ACCOUNTS RECEIVABLE 2,724 3,607 PREPAID EXPENSES AND DEFERRED CHARGES 1,618 4,147 21,284 21,284 LESS ACCUMULATED DEPRECIATION 12,575 12,575 TOTAL 13,051 16,463 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | ACCOUNTS PAYABLE AND ACCRUED EXPENSES 2,599 4,402 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | TO PROVIDE ECONOMIC DEVELOPMENT SERVICES FOR THE CITY OF BOGALUSA & THE SURROUNDING WASHINGTON PARISH AREA. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 8 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART I, LINE 20 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990-EZ, PART III |
| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | RYAN SEAL |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | EXEC. DIREC-SECRET. |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 9857357565 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2022-06-27 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | WASHINGTON ECONOMIC DEVELOPMENT |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | FOUNDATION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | WASH |
| ReturnHeader/Filer/EIN | 0 | 720918553 |
| ReturnHeader/Filer/PhoneNum | 0 | 9857357565 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | P O BOX 668 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | BOGALUSA |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | LA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 70429 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 273474112 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | MINDA B RAYBOURN CPA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 820 11TH AVE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | FRANKLINTON |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | LA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 70438 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 9858394413 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2022-07-21 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | MINDA RAYBOURN |
| ReturnHeader/PreparerPersonGrp/SelfEmployedInd | 0 | X |
| ReturnHeader/ReturnTs | 0 | 2022-07-21T15:49:02-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | RYAN |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | SEAL |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2021-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2021-12-31 |
| ReturnHeader/TaxYr | 0 | 2021 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $242,607
- Liabilities
- $4,402
- Net assets
- $238,205
- Revenue
- $108,027
- Expenses
- $124,797
- Net income
- -$16,770