Civic Intelligence

St Tammany Economic Development Foundation Inc

990 • Fiscal year 2016 • EIN 72-0931286

Jan 01, 2016 to Dec 31, 2016 • Filed on Jul 27, 2017

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

25th percentile

0.04x

Higher debt load relative to assets than 25% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

34th percentile

0.09x

Higher debt load relative to revenue than 34% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Net Margin

86th percentile

17%

Higher net margin than 86% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

51st percentile

$141,569

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 14.8% of source-year revenue.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Asset Growth

23rd percentile

-3.9%

Faster asset growth than 23% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

65th percentile

7.4%

Faster revenue growth than 65% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets25th percentile

Assets

Down

$2,243,032

Down $90,666 (-3.9%) from 2015

Net Assets

Down

$2,157,254

Down $53,064 (-2.4%) from 2015

Liabilities

Down

$85,778

Down $37,602 (-30%) from 2015

Revenue And Expenses
Liabilities / Revenue34th percentileNet Margin86th percentile

Revenue

Up

$959,003

Up $66,039 (+7.4%) from 2015

Expenses

Up

$792,067

Up $91,114 (+13%) from 2015

Net Income

Down

$166,936

Down $25,075 (-13%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth23rd 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

2016

Assets$2,243,032
Liabilities$85,778
Net Assets$2,157,254
Open 2016 Filing

Operations Trend

Revenue Growth65th 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

2016

Revenue$959,003
Expenses$792,067
Net Income$166,936
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Jul 27, 2017
Return Version
2016v3.0
Gross Receipts
$959,003
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$1,472,418$1,242,814▼ $229,604
Cash and Non-Interest-Bearing Accounts$550,402$883,284▲ $332,882
Accounts Receivable$56,536$60,037▲ $3,501
Savings and Temporary Cash Investments$254,342$56,897▼ $197,445
Total Assets$2,333,698$2,243,032▼ $90,666
Liabilities
Accounts Payable and Accrued Expenses$83,380$45,778▼ $37,602
Other Liabilities$40,000$40,000→ $0
Total Liabilities$123,380$85,778▼ $37,602
Net Assets / Fund Balance
Unrestricted Net Assets$2,044,376$1,993,753▼ $50,623
Temporarily Rstr Net Assets$54,209$163,501▲ $109,292
Permanently Rstr Net Assets$111,733$0▼ $111,733
Total Net Assets Fund Balance$2,210,318$2,157,254▼ $53,064
Total Liabilities and Net Assets / Fund Balance$2,333,698$2,243,032▼ $90,666

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$372,635$85,852$458,487
Equipment$9,449$77,555$87,004
Other Land Buildings$730$24,516$25,246
Land$860,000--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$165,942-▲ $94$2,535$163,501
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
Compensation and Service Providers
Top Officer Pay51st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brenda BertusCEO/executive DirectorFT$122,546$19,023$141,569

Board Members and Trustees

NameTitle
Bruce ClementChairman
Shelby Lasalle JrVice-chairman
Chadwick CollingsDirector
Eric SchouestDirector
Martin Bruno JrDirector
Marty MayerDirector
Nixon AdamsDirector
Ron LeeDirector
Stuart McavoyDirector
Peter LinkSecretary
John AmmermanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$140,200
Program Service Revenue
$817,124
Investment Income
$1,679
Other Revenue
$0
Change in Net Assets
$166,936

Audited Revenue Reconciliation

Revenue per Audited Statements
$959,003
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$959,003
Total Revenue per Form 990
$959,003
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$480,547
Other Expenses$311,161
Grants and Similar Amounts Paid$359
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$272,483
Current Officers, Directors, Trustees, and Key Employees---$141,569
All Other Expenses---$36,590
Payroll Taxes---$30,630
Other Employee Benefits---$29,704
Advertising---$28,928
Fees for Services Legal---$24,000
Other Expenses---$17,785
Depreciation Depletion---$15,913
Travel---$12,352
Conferences and Meetings---$9,656
Occupancy---$9,449
Insurance---$9,313
Fees for Services Accounting---$8,644
Pension Plan Contributions---$6,161
Fees for Services Other---$5,000
Information Technology---$2,144
Grants to Domestic Orgs---$359
Total Functional Expenses$0$0$0$792,067

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,012,067
Expenses per Audited Statements$792,067
Total Expenses per Form 990$792,067
Expenses Not Reported on Form 990$220,000
Expenses Not Reported on Financial Statements$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
In-house lobbying only
Yes
Subject to proxy tax
Yes
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 11B

“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 market 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
2017-07-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brenda Bertus
Formed
1981
Legal Domicile
La
Voting Board Members
11
Independent Board Members
11
Employees
6
Volunteers
11

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 is a tax-exempt, non-profit organization under section 501(c)(6) of the internal revenue code. Therefore, there is no provision for income taxes in the accompanying financial statements. 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 a related expense account. The foundation had no tax interest and penalties for the years ended december 31, 2016 and 2015. 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 for the years ended december 31, 2016 and 2015.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Impairment loss - land held for investment 220,000.”

Line 2D

“During the year ended december 31, 2016, the foundation obtained an appraisal report which indicated that the fair value of the land held for investment had decreased which resulted in an impairment loss of $220,000.”

Raw XML AppendixShowing 400 of 471 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/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/TotalAmt030630
IRS990/PensionPlanContributionsGrp/TotalAmt06161
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0111733
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0BRENDA BERTUS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0561000
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0MANAGEMENT SERVICES
IRS990/ProgramServiceRevenueGrp/Desc1ANNUAL LUNCHEON
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0781039
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt136085
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0781039
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt136085
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0191811
IRS990/PYGrantsAndSimilarPaidAmt0584
IRS990/PYInvestmentIncomeAmt03276
IRS990/PYOtherExpensesAmt0225514
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0697877
IRS990/PYRevenuesLessExpensesAmt0192011
IRS990/PYSalariesCompEmpBnftPaidAmt0474855
IRS990/PYTotalExpensesAmt0700953
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0892964
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0166936
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0817124
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0254342
IRS990/SavingsAndTempCashInvstGrp/EOYAmt056897
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
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd01
IRS990ScheduleC/SubstantiallyAllDuesNondedInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.00000
IRS990ScheduleD/BuildingsGrp/BookValueAmt0372635
IRS990ScheduleD/BuildingsGrp/DepreciationAmt085852
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0458487
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0165942
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0163501
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt094
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt02535
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0171130
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0165942
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0543
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt05731
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0127517
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0101000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0171130
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt068
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt057455
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0126767
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt077400
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0127517
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0568
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt077218
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0155013
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0126767
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0154
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt028400
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt09449
IRS990ScheduleD/EquipmentGrp/DepreciationAmt077555
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt087004
IRS990ScheduleD/ExpensesNotReportedAmt0220000
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0792067
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0860000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0860000
IRS990ScheduleD/OtherExpensesIncludedAmt0220000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0730
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt024516
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt025246
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt040000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0COMPENSATED ABSENCES
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.00000
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0959003
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 IS A TAX-EXEMPT, NON-PROFIT ORGANIZATION UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. THEREFORE, THERE IS NO PROVISION FOR INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS. 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 A RELATED EXPENSE ACCOUNT. THE FOUNDATION HAD NO TAX INTEREST AND PENALTIES FOR THE YEARS ENDED DECEMBER 31, 2016 AND 2015. 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 FOR THE YEARS ENDED DECEMBER 31, 2016 AND 2015.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2IMPAIRMENT LOSS - LAND HELD FOR INVESTMENT 220,000.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3DURING THE YEAR ENDED DECEMBER 31, 2016, THE FOUNDATION OBTAINED AN APPRAISAL REPORT WHICH INDICATED THAT THE FAIR VALUE OF THE LAND HELD FOR INVESTMENT HAD DECREASED WHICH RESULTED IN AN IMPAIRMENT LOSS OF $220,000.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3LINE 2D
IRS990ScheduleD/TermEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01242814
IRS990ScheduleD/TotalExpensesPerForm990Amt0792067
IRS990ScheduleD/TotalLiabilityAmt040000
IRS990ScheduleD/TotalRevenuePerForm990Amt0959003
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0959003
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01012067
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 MARKET 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 11B
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/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd01
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd01
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt054209
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0163501
IRS990/TempOrPermanentEndowmentsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02333698
IRS990/TotalAssetsEOYAmt02243032
IRS990/TotalAssetsGrp/BOYAmt02333698
IRS990/TotalAssetsGrp/EOYAmt02243032
IRS990/TotalCompGreaterThan150KInd00

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,243,032
Liabilities
$85,778
Net assets
$2,157,254
Revenue
$959,003
Expenses
$792,067
Net income
$166,936
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