Civic Intelligence

Livingston Economic Development Council

990 • Fiscal year 2016 • EIN 72-0966247

Jan 01, 2016 to Dec 31, 2016 • Filed on Aug 17, 2017

P O Box 809Livingston, LA 70754

(225) 686-3982

Siviq Scores

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

Liabilities / Assets

17th percentile

0.01x

Higher debt load relative to assets than 17% of similar nonprofits.

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

Liabilities / Revenue

28th percentile

0.06x

Higher debt load relative to revenue than 28% of similar nonprofits.

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

Net Margin

9th percentile

-13%

Higher net margin than 9% of similar nonprofits.

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

Top Officer Pay

24th percentile

$15,673

Higher top officer pay than 24% of similar nonprofits.

Top officer pay equals 5.2% of source-year revenue.

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

Asset Growth

8th percentile

-16%

Faster asset growth than 8% of similar nonprofits.

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

Revenue Growth

1st percentile

-67%

Faster revenue growth than 1% of similar nonprofits.

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

Assets

Down

$1,690,643

Down $326,327 (-16%) from 2015

Net Assets

Down

$1,673,525

Down $317,009 (-16%) from 2015

Liabilities

Down

$17,118

Down $9,318 (-35%) from 2015

Revenue

Down

$301,263

Down $617,041 (-67%) from 2015

Expenses

Down

$341,770

Down $143,208 (-30%) from 2015

Net Income

Down

-$40,507

Down $473,833 (-109%) from 2015

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $1,712,269Liabilities 2010: $17,244Net Assets 2010: $1,695,0252010Assets 2011: $1,780,726Liabilities 2011: $15,758Net Assets 2011: $1,764,9682011Assets 2012: $1,691,309Liabilities 2012: $25,049Net Assets 2012: $1,666,2602012Assets 2013: $1,640,638Liabilities 2013: $28,837Net Assets 2013: $1,611,8012013Assets 2014: $1,589,505Liabilities 2014: $32,299Net Assets 2014: $1,557,2062014Assets 2015: $2,016,970Liabilities 2015: $26,436Net Assets 2015: $1,990,5342015Assets 2016: $1,690,643Liabilities 2016: $17,118Net Assets 2016: $1,673,5252016Assets 2017: $1,724,325Liabilities 2017: $27,668Net Assets 2017: $1,696,6572017Assets 2018: $1,692,206Liabilities 2018: $7,155Net Assets 2018: $1,685,0512018Assets 2019: $1,697,029Liabilities 2019: $6,354Net Assets 2019: $1,690,6752019Assets 2020: $1,886,506Liabilities 2020: $1,792Net Assets 2020: $1,884,7142020Assets 2021: $2,067,270Liabilities 2021: $2,023Net Assets 2021: $2,065,2472021Assets 2022: $2,558,132Liabilities 2022: $5,374Net Assets 2022: $2,552,7582022Assets 2023: $2,784,554Liabilities 2023: $9,701Net Assets 2023: $2,774,8532023Assets 2024: $3,076,440Liabilities 2024: $8,130Net Assets 2024: $3,068,3102024

Highlighted filing

2016

Assets$1,690,643
Liabilities$17,118
Net Assets$1,673,525

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $561,3882010Expenses 2011: $394,3132011Expenses 2012: $379,4872012Revenue 2013: $307,258Expenses 2013: $361,717Net Income 2013: -$54,4592013Revenue 2014: $288,410Expenses 2014: $343,005Net Income 2014: -$54,5952014Revenue 2015: $918,304Expenses 2015: $484,978Net Income 2015: $433,3262015Revenue 2016: $301,263Expenses 2016: $341,770Net Income 2016: -$40,5072016Revenue 2017: $436,749Expenses 2017: $463,992Net Income 2017: -$27,2432017Revenue 2018: $433,445Expenses 2018: $445,051Net Income 2018: -$11,6062018Revenue 2019: $397,828Expenses 2019: $392,204Net Income 2019: $5,6242019Revenue 2020: $484,484Expenses 2020: $290,447Net Income 2020: $194,0372020Revenue 2021: $509,001Expenses 2021: $328,468Net Income 2021: $180,5332021Revenue 2022: $847,196Expenses 2022: $359,685Net Income 2022: $487,5112022Revenue 2023: $610,911Expenses 2023: $388,816Net Income 2023: $222,0952023Revenue 2024: $698,441Expenses 2024: $404,984Net Income 2024: $293,4572024

Highlighted filing

2016

Revenue$301,263
Expenses$341,770
Net Income-$40,507
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Aug 17, 2017
Return Version
2016v3.0
Gross Receipts
$301,263
Mission and Program Overview

Mission

To provide quality economic development services to all areas in livingston parish

To provide quality economic development services to all areas of livingston parish

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$595,544$624,692▲ $29,148
Savings and Temporary Cash Investments$386,890$388,017▲ $1,127
Pledges and Grants Receivable$210,100$128,790▼ $81,310
Land, Buildings, and Equipment, Net$33,385$31,663▼ $1,722
Accounts Receivable$2,500$5,430▲ $2,930
Total Assets$1,740,470$1,690,643▼ $49,827
Other Assets Total$512,051$512,051→ $0
Liabilities
Accounts Payable and Accrued Expenses$26,436$17,118▼ $9,318
Total Liabilities$26,436$17,118▼ $9,318
Net Assets / Fund Balance
Unrestricted Net Assets$1,400,934$1,276,425▼ $124,509
Temporarily Rstr Net Assets$313,100$397,100▲ $84,000
Total Net Assets Fund Balance$1,714,034$1,673,525▼ $40,509
Total Liabilities and Net Assets / Fund Balance$1,740,470$1,690,643▼ $49,827

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$31,663$18,337$50,000
Equipment$0$10,979$10,979
Other Assets Org$264,333--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Larry CollinsExecutive DirectorFT$15,673$15,673

Board Members and Trustees

NameTitle
Regina ScottChair
Josh PrejeanVice Chair
Don MurphySecretary
Ferdie GenreTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$296,487
Program Service Revenue
$0
Investment Income
$1,377
Other Revenue
$3,399
All Other Contributions
$99,093
Change in Net Assets
$-40,507

Audited Revenue Reconciliation

Revenue per Audited Statements
$301,263
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-2
Total Revenue per Audited Statements
$301,261
Total Revenue per Form 990
$301,263
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$214,153
Other Expenses$127,617
Total Fundraising Expense$14,310
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$174,562$39,591-$214,153
Advertising$33,405--$33,405
Occupancy$18,998$4,290-$23,288
Other Expenses--$14,310$14,310
Office Expenses$5,913$8,328-$14,241
Conferences and Meetings$10,306--$10,306
Travel-$7,818-$7,818
Fees for Services Other$7,000--$7,000
Fees for Services Legal$6,246--$6,246
Fees for Services Accounting$236$4,494-$4,730
Insurance-$4,550-$4,550
Depreciation Depletion$1,723--$1,723
Total Functional Expenses$258,389$69,071$14,310$341,770

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$341,770
Total Expenses per Audited Statements$341,770
Total Expenses per Form 990$341,770
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

Board of directors are elected from the members.

Form 990, Part VI, Section A, Line 7B

Many decisions are made by the executive committee and then brought to the board for a vote of the membership.

Form 990, Part VI, Section B, Line 11B

The executive director reviews and approves the tax return before filing.

Form 990, Part VI, Section C, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Livingston Economic Development Council
EIN
72-0966247
Phone
2256863982
Address
P O BOX 809, LIVINGSTON, LA 70754

Signing Officer

Name
David Bennett
Title
Executive Director
Phone
2256863982
Signed
2017-08-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Bennett
Formed
1982
Legal Domicile
La
Voting Board Members
23
Independent Board Members
0
Employees
4
Volunteers
0

Preparer

Firm
Hannis T Bourgeois Llp
Address
178 DEL ORLEANS SUITE C, DENHAM SPRINGS, LA 70726
Preparer
Fernand P Genre
Phone
2256658297
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

ROUNDING -2.

FORM 990, PART XII, LINE 2C:

No changes have been made to the oversight process.

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

ROUNDING

Raw XML Appendix358 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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IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD OF DIRECTORS ARE ELECTED FROM THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MANY DECISIONS ARE MADE BY THE EXECUTIVE COMMITTEE AND THEN BROUGHT TO THE BOARD FOR A VOTE OF THE MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE DIRECTOR REVIEWS AND APPROVES THE TAX RETURN BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ROUNDING -2.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO CHANGES HAVE BEEN MADE TO THE OVERSIGHT PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd01
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0313100
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0397100
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01740470
IRS990/TotalAssetsEOYAmt01690643
IRS990/TotalAssetsGrp/BOYAmt01740470
IRS990/TotalAssetsGrp/EOYAmt01690643
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0296487
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt014310
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt069071
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0258389
IRS990/TotalFunctionalExpensesGrp/TotalAmt0341770
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt026436
IRS990/TotalLiabilitiesEOYAmt017118
IRS990/TotalLiabilitiesGrp/BOYAmt026436
IRS990/TotalLiabilitiesGrp/EOYAmt017118
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01714034
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01673525
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0258389
IRS990/TotalReportableCompFromOrgAmt015673
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04776
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0301263
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01740470
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01690643
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt07818
IRS990/TravelGrp/TotalAmt07818
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01400934
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01276425
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0P O BOX 809
IRS990/USAddress/CityNm0LIVINGSTON
IRS990/USAddress/StateAbbreviationCd0LA
IRS990/USAddress/ZIPCd070754
IRS990/VotingMembersGoverningBodyCnt023
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0WWW.LEDC.NET
IRS990/WhistleblowerPolicyInd00
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ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID BENNETT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02256863982
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-08-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LIVINGSTON ECONOMIC DEVELOPMENT COUNCIL
ReturnHeader/Filer/BusinessNameControlTxt0LIVI
ReturnHeader/Filer/EIN0720966247
ReturnHeader/Filer/PhoneNum02256863982
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0A021C490801178F9C43E9769E34F640092337FE5
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0A021C490801178F9C43E9769E34F640092337FE5
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt068.110.133.82
ReturnHeader/FilingSecurityInformation/IPDt02017-08-17
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm015:41:11
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0720636725
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HANNIS T BOURGEOIS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0178 DEL ORLEANS SUITE C
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DENHAM SPRINGS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0LA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd070726
ReturnHeader/PreparerPersonGrp/PhoneNum02256658297
ReturnHeader/PreparerPersonGrp/PreparationDt02017-08-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0FERNAND P GENRE
ReturnHeader/ReturnTs02017-08-29T10:50:36-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.08$0.01$3.07$0.70$0.40$0.29
2023Detailed filing. Detailed filing data is available for this year.$2.78$0.01$2.77$0.61$0.39$0.22
2022Detailed filing. Detailed filing data is available for this year.$2.56$0.01$2.55$0.85$0.36$0.49
2021Detailed filing. Detailed filing data is available for this year.$2.07$0.00$2.07$0.51$0.33$0.18
2020Detailed filing. Detailed filing data is available for this year.$1.89$0.00$1.88$0.48$0.29$0.19
2019Detailed filing. Detailed filing data is available for this year.$1.70$0.01$1.69$0.40$0.39$0.01
2018Detailed filing. Detailed filing data is available for this year.$1.69$0.01$1.69$0.43$0.45$0.01
2017Detailed filing. Detailed filing data is available for this year.$1.72$0.03$1.70$0.44$0.46$0.03
2016Detailed filing. Detailed filing data is available for this year.$1.69$0.02$1.67$0.30$0.34$0.04
2015Detailed filing. Detailed filing data is available for this year.$2.02$0.03$1.99$0.92$0.48$0.43
2014Detailed filing. Detailed filing data is available for this year.$1.59$0.03$1.56$0.29$0.34$0.05
2013Detailed filing. Detailed filing data is available for this year.$1.64$0.03$1.61$0.31$0.36$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.69$0.03$1.67$0.38
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.78$0.02$1.76$0.39
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.71$0.02$1.70$0.56