Civic Intelligence

St Tammany Economic Development Foundation Inc

990 • Fiscal year 2015 • EIN 72-0931286

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 02, 2016

Organization ProfileWWW.STEDF.ORG

View Organization Page

21489 Koop Drive No 7Mandeville, LA 70471

(985) 809-7874

Siviq Scores

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

Liabilities / Assets

27th percentile

0.05x

Higher debt load relative to assets than 27% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

43rd percentile

0.14x

Higher debt load relative to revenue than 43% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Net Margin

90th percentile

22%

Higher net margin than 90% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

47th percentile

$135,434

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 15.2% of source-year revenue.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Asset Growth

66th percentile

7.8%

Faster asset growth than 66% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

95th percentile

43%

Faster revenue growth than 95% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets27th percentile

Assets

Up

$2,333,698

Up $169,280 (+7.8%) from 2014

Net Assets

Up

$2,210,318

Up $192,011 (+9.5%) from 2014

Liabilities

Down

$123,380

Down $22,731 (-16%) from 2014

Revenue And Expenses
Liabilities / Revenue43rd percentileNet Margin90th percentile

Revenue

Up

$892,964

Up $270,281 (+43%) from 2014

Expenses

Up

$700,953

Up $8,674 (+1.3%) from 2014

Net Income

Up

$192,011

Up $261,607 (+376%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth66th percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $2,325,619Liabilities 2011: $194,562Net Assets 2011: $2,131,0572011Assets 2012: $2,498,192Liabilities 2012: $429,904Net Assets 2012: $2,068,2882012Assets 2013: $2,561,690Liabilities 2013: $421,787Net Assets 2013: $2,139,9032013Assets 2014: $2,164,418Liabilities 2014: $146,111Net Assets 2014: $2,018,3072014Assets 2015: $2,333,698Liabilities 2015: $123,380Net Assets 2015: $2,210,3182015Assets 2016: $2,243,032Liabilities 2016: $85,778Net Assets 2016: $2,157,2542016Assets 2017: $286,096Liabilities 2017: $286,096Net Assets 2017: $02017

Highlighted filing

2015

Assets$2,333,698
Liabilities$123,380
Net Assets$2,210,318
Open 2015 Filing

Operations Trend

Revenue Growth95th percentile

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

$4.0M$2.0M$0-$2.0M-$4.0MExpenses 2011: $440,6002011Expenses 2012: $473,7462012Revenue 2013: $717,586Expenses 2013: $645,971Net Income 2013: $71,6152013Revenue 2014: $622,683Expenses 2014: $692,279Net Income 2014: -$69,5962014Revenue 2015: $892,964Expenses 2015: $700,953Net Income 2015: $192,0112015Revenue 2016: $959,003Expenses 2016: $792,067Net Income 2016: $166,9362016Revenue 2017: $822,801Expenses 2017: $2,980,055Net Income 2017: -$2,157,2542017

Highlighted filing

2015

Revenue$892,964
Expenses$700,953
Net Income$192,011
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 2, 2016
Return Version
2015v2.1
Gross Receipts
$892,964
Mission and Program Overview

Mission

The foundation's purpose is to promote a growing and vibrant economy in st. Tammany by placing priority on business retention and attraction; supporting entreprenuership and small business development; helping create job opportunities; and preserving our exceptional quality of life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,488,545$1,472,418▼ $16,127
Cash and Non-Interest-Bearing Accounts$421,958$550,402▲ $128,444
Savings and Temporary Cash Investments$253,915$254,342▲ $427
Accounts Receivable-$56,536-
Total Assets$2,164,418$2,333,698▲ $169,280
Liabilities
Accounts Payable and Accrued Expenses$109,997$83,380▼ $26,617
Other Liabilities$36,114$40,000▲ $3,886
Total Liabilities$146,111$123,380▼ $22,731
Net Assets / Fund Balance
Unrestricted Net Assets$1,847,177$2,044,376▲ $197,199
Permanently Rstr Net Assets$111,190$111,733▲ $543
Temporarily Rstr Net Assets$59,940$54,209▼ $5,731
Total Net Assets Fund Balance$2,018,307$2,210,318▲ $192,011
Total Liabilities and Net Assets / Fund Balance$2,164,418$2,333,698▲ $169,280

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$381,006$73,794$454,800
Equipment$10,795$74,411$85,206
Other Land Buildings$617$23,804$24,421
Land$1,080,000--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$171,130-▲ $543$5,731$165,942
2014$127,517$101,000▲ $68$57,455$171,130
2013$126,767$77,400▲ $568$77,218$127,517
2012$155,013-▲ $154$28,400$126,767
2011$155,408-▲ $209$604$155,013
Compensation and Service Providers
Top Officer Pay47th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brenda BertusCEO/executive DirectorFT$115,609$19,825$135,434

Board Members and Trustees

NameTitle
Bruce ClementPresident
Stuart McavoyPresident
Shelby Lasalle JrVice-president
Chadwick CollingsDirector
Eric SchouestDirector
Freddy DrennanDirector
John AmmermanDirector
Martin Bruno JrDirector
Marty MayerDirector
Mike CooperDirector
Nixon AdamsDirector
Peter LinkDirector
Ron LeeDirector
Trilby LenfantDirector
S Michele Blanchard-aireyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$191,811
Program Service Revenue
$697,877
Investment Income
$3,276
Other Revenue
$0
All Other Contributions
$144,700
Change in Net Assets
$192,011

Audited Revenue Reconciliation

Revenue per Audited Statements
$892,964
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$892,964
Total Revenue per Form 990
$892,964
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$474,855
Other Expenses$225,514
Grants and Similar Amounts Paid$584
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$255,733
Current Officers, Directors, Trustees, and Key Employees---$135,434
Other Employee Benefits---$53,001
Payroll Taxes---$30,687
All Other Expenses---$30,373
Advertising---$26,576
Fees for Services Legal---$24,095
Depreciation Depletion---$16,127
Travel---$15,251
Other Expenses---$14,122
Fees for Services Accounting---$10,800
Occupancy---$10,228
Insurance---$6,436
Information Technology---$2,166
Conferences and Meetings---$2,000
Grants to Domestic Orgs---$584
Fees for Services Other---$375
Total Functional Expenses$0$0$0$700,953

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$700,953
Total Expenses per Audited Statements$700,953
Total Expenses per Form 990$700,953
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Compensated Absences$40,000
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“Upon completion of the final draft of form 990, a copy of the draft is sent to members of the audit committee. The committee is then convened with foundation staff to review the return in detail. After acceptance by the committee, the form is sent to the full board for review. After an allowable review period, the form is filed with the applicable agencies.”

Form 990, Part VI, Section B, Line 12C

“The foundation annually requires all employees and trustees to disclose any potential personal or business associations which could be perceived as a conflict of interest. Throughout the year trustees are reminded to disclose any new relationships where a conflict of interest may be present.”

Form 990, Part VI, Section B, Line 15A

“The executive committee of the board meets annually to review the compensation of the ceo. The review conists of comparisons to other non profits in the field and in the geographical area. The committee also reviews annual compensation surveys and overall markets trends in the industry.”

Form 990, Part VI, Section C, Line 19

“Documents are available for inspection upon request.”

Filing and Contact Details

Filer

Filer Name
St Tammany Economic Development
EIN
72-0931286
Phone
9858097874
Address
21489 KOOP DRIVE NO 7, MANDEVILLE, LA 70471

Signing Officer

Name
Brenda Bertus
Title
CEO/executive Director
Phone
9858097874
Signed
2016-11-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brenda Bertus
Formed
1981
Legal Domicile
La
Voting Board Members
15
Independent Board Members
15
Employees
6
Volunteers
15

Preparer

Firm
Laporte Apac
Address
5100 VILLAGE WALK SUITE 300, COVINGTON, LA 70433
Preparer
Patrick B Huval CPA
Phone
9858925850
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“Every five years, the finance committee submits a request for proposal to audit firms. Once proposals have been received and the deadline has passed, the committee reviews the submissions and selects the top two candidates for interviews. The committee then makes a recommendation to the board at the next board meeting for consideration and acceptance.”

Financial Statement Notes

PART V, LINE 4:

“The endowment funds are used by the organization to support its purpose to promote and encourage the development of economic and industrial opportunities, stimulating the economy of st. Tammany parish. Additionally, the endowment funds are used to provide low-interest loans to st. Tammany parish businesses.”

PART X, LINE 2:

“The foundation follows the provisions of the accounting for uncertainty in income taxes topic of the fasb asc. All tax returns have been appropriately filed by the foundation. The foundation recognizes interest and penalties, if any, related to unrecognized tax benefits in income tax expense. The foundation had no interest or penalties for the years ended december 31, 2015 and 2014. The foundation's tax filings are subject to audit by various taxing authorities. The foundation's open audit periods are 2012 through 2014. Management evaluated the foundation's tax position and concluded that the foundation has taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of this guidance”

Raw XML AppendixShowing 400 of 485 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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IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE FOUNDATION'S PURPOSE IS TO PROMOTE A GROWING AND VIBRANT ECONOMY IN ST. TAMMANY BY PLACING PRIORITY ON BUSINESS RETENTION AND ATTRACTION; SUPPORTING ENTREPRENUERSHIP AND SMALL BUSINESS DEVELOPMENT; HELPING CREATE JOB OPPORTUNITIES; AND PRESERVING OUR EXCEPTIONAL QUALITY OF LIFE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt02018307
IRS990/NetAssetsOrFundBalancesEOYAmt02210318
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt02333
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt02333
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd01
IRS990/NondeductibleContriDisclInd01
IRS990/OccupancyGrp/TotalAmt010228
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt053001
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc2DEMOGRAPHIC INFORMATION
IRS990/OtherExpensesGrp/Desc3PROGRAMS
IRS990/OtherExpensesGrp/TotalAmt023727
IRS990/OtherExpensesGrp/TotalAmt122142
IRS990/OtherExpensesGrp/TotalAmt221096
IRS990/OtherExpensesGrp/TotalAmt314122
IRS990/OtherLiabilitiesGrp/BOYAmt036114
IRS990/OtherLiabilitiesGrp/EOYAmt040000
IRS990/OtherSalariesAndWagesGrp/TotalAmt0255733
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/TotalAmt030687
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0111190
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0111733
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0BRENDA BERTUS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0561000
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0MANAGEMENT SERVICES
IRS990/ProgramServiceRevenueGrp/Desc1OTHER PROGRAM SERVICE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0673327
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt124550
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0673327
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt124550
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0174089
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-173377
IRS990/PYOtherExpensesAmt0306242
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0621971
IRS990/PYRevenuesLessExpensesAmt0-69596
IRS990/PYSalariesCompEmpBnftPaidAmt0386037
IRS990/PYTotalExpensesAmt0692279
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0622683
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0192011
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0697877
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0253915
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0254342
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/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0381006
IRS990ScheduleD/BuildingsGrp/DepreciationAmt073794
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0454800
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0171130
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0165942
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0543
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt05731
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0127517
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0101000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0171130
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt068
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt057455
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0126767
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt077400
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0127517
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0568
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt077218
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0155013
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0126767
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0154
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt028400
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0155408
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0155013
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0209
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0604
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt010795
IRS990ScheduleD/EquipmentGrp/DepreciationAmt074411
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt085206
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0700953
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01080000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt01080000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0617
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt023804
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt024421
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt040000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0COMPENSATED ABSENCES
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.67330
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0892964
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ENDOWMENT FUNDS ARE USED BY THE ORGANIZATION TO SUPPORT ITS PURPOSE TO PROMOTE AND ENCOURAGE THE DEVELOPMENT OF ECONOMIC AND INDUSTRIAL OPPORTUNITIES, STIMULATING THE ECONOMY OF ST. TAMMANY PARISH. ADDITIONALLY, THE ENDOWMENT FUNDS ARE USED TO PROVIDE LOW-INTEREST LOANS TO ST. TAMMANY PARISH BUSINESSES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION FOLLOWS THE PROVISIONS OF THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES TOPIC OF THE FASB ASC. ALL TAX RETURNS HAVE BEEN APPROPRIATELY FILED BY THE FOUNDATION. THE FOUNDATION RECOGNIZES INTEREST AND PENALTIES, IF ANY, RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE. THE FOUNDATION HAD NO INTEREST OR PENALTIES FOR THE YEARS ENDED DECEMBER 31, 2015 AND 2014. THE FOUNDATION'S TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. THE FOUNDATION'S OPEN AUDIT PERIODS ARE 2012 THROUGH 2014. MANAGEMENT EVALUATED THE FOUNDATION'S TAX POSITION AND CONCLUDED THAT THE FOUNDATION HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.32670
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01472418
IRS990ScheduleD/TotalExpensesPerForm990Amt0700953
IRS990ScheduleD/TotalLiabilityAmt040000
IRS990ScheduleD/TotalRevenuePerForm990Amt0892964
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0892964
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0700953
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0UPON COMPLETION OF THE FINAL DRAFT OF FORM 990, A COPY OF THE DRAFT IS SENT TO MEMBERS OF THE AUDIT COMMITTEE. THE COMMITTEE IS THEN CONVENED WITH FOUNDATION STAFF TO REVIEW THE RETURN IN DETAIL. AFTER ACCEPTANCE BY THE COMMITTEE, THE FORM IS SENT TO THE FULL BOARD FOR REVIEW. AFTER AN ALLOWABLE REVIEW PERIOD, THE FORM IS FILED WITH THE APPLICABLE AGENCIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION ANNUALLY REQUIRES ALL EMPLOYEES AND TRUSTEES TO DISCLOSE ANY POTENTIAL PERSONAL OR BUSINESS ASSOCIATIONS WHICH COULD BE PERCEIVED AS A CONFLICT OF INTEREST. THROUGHOUT THE YEAR TRUSTEES ARE REMINDED TO DISCLOSE ANY NEW RELATIONSHIPS WHERE A CONFLICT OF INTEREST MAY BE PRESENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE COMMITTEE OF THE BOARD MEETS ANNUALLY TO REVIEW THE COMPENSATION OF THE CEO. THE REVIEW CONISTS OF COMPARISONS TO OTHER NON PROFITS IN THE FIELD AND IN THE GEOGRAPHICAL AREA. THE COMMITTEE ALSO REVIEWS ANNUAL COMPENSATION SURVEYS AND OVERALL MARKETS TRENDS IN THE INDUSTRY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE AVAILABLE FOR INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EVERY FIVE YEARS, THE FINANCE COMMITTEE SUBMITS A REQUEST FOR PROPOSAL TO AUDIT FIRMS. ONCE PROPOSALS HAVE BEEN RECEIVED AND THE DEADLINE HAS PASSED, THE COMMITTEE REVIEWS THE SUBMISSIONS AND SELECTS THE TOP TWO CANDIDATES FOR INTERVIEWS. THE COMMITTEE THEN MAKES A RECOMMENDATION TO THE BOARD AT THE NEXT BOARD MEETING FOR CONSIDERATION AND ACCEPTANCE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0ST TAMMANY PARISH DEVELOPMENT DISTRICT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0GOVERNMENTAL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0LA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0FOSTER BUSINESS DEVELOPMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt021489 KOOP DRIVE SUITE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0MANDEVILLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0LA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd070471
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,333,698
Liabilities
$123,380
Net assets
$2,210,318
Revenue
$892,964
Expenses
$700,953
Net income
$192,011
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2017Detailed filing. Detailed filing data is available for this year.$0.29$0.29$0.00$0.82$2.98$2.16
2016Detailed filing. Detailed filing data is available for this year.$2.24$0.09$2.16$0.96$0.79$0.17
2015Detailed filing. Detailed filing data is available for this year.$2.33$0.12$2.21$0.89$0.70$0.19
2014Detailed filing. Detailed filing data is available for this year.$2.16$0.15$2.02$0.62$0.69$0.07
2013Detailed filing. Detailed filing data is available for this year.$2.56$0.42$2.14$0.72$0.65$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.50$0.43$2.07$0.47
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.33$0.19$2.13$0.44