Civic Intelligence

Iberia Industrial Development Sfoundation

990 • Fiscal year 2017 • EIN 72-1027792

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 06, 2018

Organization ProfileWWW.IBERIABIZ.ORG
101 Burke StreetNew Iberia, LA 70560

(337) 367-0834

Siviq Scores

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

Liabilities / Assets

84th percentile

0.26x

Higher debt load relative to assets than 84% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

80th percentile

0.13x

Higher debt load relative to revenue than 80% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Net Margin

17th percentile

-14%

Higher net margin than 17% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Top Officer Pay

99th percentile

$136,721

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 39.9% of source-year revenue.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Asset Growth

15th percentile

-23%

Faster asset growth than 15% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

38th percentile

-4.4%

Faster revenue growth than 38% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets84th percentile

Assets

Down

$170,420

Down $49,751 (-23%) from 2016

Net Assets

Down

$125,899

Down $49,390 (-28%) from 2016

Liabilities

Down

$44,521

Down $361 (-0.8%) from 2016

Revenue And Expenses
Liabilities / Revenue80th percentileNet Margin17th percentile

Revenue

Down

$342,789

Down $15,767 (-4.4%) from 2016

Expenses

Down

$392,179

Down $1,925 (-0.5%) from 2016

Net Income

Down

-$49,390

Down $13,842 (-39%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth15th percentile

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

$600K$400K$200K$0Assets 2010: $266,942Liabilities 2010: $25,100Net Assets 2010: $241,8422010Assets 2011: $277,310Liabilities 2011: $23,847Net Assets 2011: $253,4632011Assets 2012: $263,339Liabilities 2012: $10,844Net Assets 2012: $252,4952012Assets 2013: $262,867Liabilities 2013: $16,074Net Assets 2013: $246,7932013Assets 2014: $259,446Liabilities 2014: $3,581Net Assets 2014: $255,8652014Assets 2015: $232,633Liabilities 2015: $21,796Net Assets 2015: $210,8372015Assets 2016: $220,171Liabilities 2016: $44,882Net Assets 2016: $175,2892016Assets 2017: $170,420Liabilities 2017: $44,521Net Assets 2017: $125,8992017Assets 2018: $129,673Liabilities 2018: $71,084Net Assets 2018: $58,5892018Assets 2019: $126,664Liabilities 2019: $89,882Net Assets 2019: $36,7822019Assets 2020: $213,537Liabilities 2020: $154,160Net Assets 2020: $59,3772020Assets 2021: $397,335Liabilities 2021: $160,379Net Assets 2021: $236,9562021Assets 2022: $421,218Liabilities 2022: $155,913Net Assets 2022: $265,3052022Assets 2023: $446,534Liabilities 2023: $152,799Net Assets 2023: $293,7352023Assets 2024: $494,744Liabilities 2024: $149,124Net Assets 2024: $345,6202024

Highlighted filing

2017

Assets$170,420
Liabilities$44,521
Net Assets$125,899
Open 2017 Filing

Operations Trend

Revenue Growth38th percentile

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

$600K$400K$200K$0-$200KExpenses 2010: $350,9152010Expenses 2011: $412,3672011Expenses 2012: $469,1432012Revenue 2013: $334,991Expenses 2013: $342,197Net Income 2013: -$7,2062013Revenue 2014: $357,093Expenses 2014: $349,521Net Income 2014: $7,5722014Revenue 2015: $354,152Expenses 2015: $401,680Net Income 2015: -$47,5282015Revenue 2016: $358,556Expenses 2016: $394,104Net Income 2016: -$35,5482016Revenue 2017: $342,789Expenses 2017: $392,179Net Income 2017: -$49,3902017Revenue 2018: $322,410Expenses 2018: $389,720Net Income 2018: -$67,3102018Revenue 2019: $370,776Expenses 2019: $392,583Net Income 2019: -$21,8072019Revenue 2020: $354,907Expenses 2020: $332,310Net Income 2020: $22,5972020Revenue 2021: $556,634Expenses 2021: $379,055Net Income 2021: $177,5792021Revenue 2022: $417,779Expenses 2022: $389,430Net Income 2022: $28,3492022Revenue 2023: $463,248Expenses 2023: $434,818Net Income 2023: $28,4302023Revenue 2024: $525,484Expenses 2024: $473,599Net Income 2024: $51,8852024

Highlighted filing

2017

Revenue$342,789
Expenses$392,179
Net Income-$49,390
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 6, 2018
Return Version
2017v2.3
Gross Receipts
$348,236
Mission and Program Overview

Mission

Promote industrial and economic development for existing companies and recruit additional industries to locate in iberia parish.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$78,296$71,257▼ $7,039
Savings and Temporary Cash Investments$99,502$56,234▼ $43,268
Accounts Receivable$32,422$34,000▲ $1,578
Prepaid Expenses and Deferred Charges$5,430$5,821▲ $391
Cash and Non-Interest-Bearing Accounts$4,521$3,108▼ $1,413
Total Assets$220,171$170,420▼ $49,751
Liabilities
Unsecured Notes Loans Payable$26,955$28,767▲ $1,812
Accounts Payable and Accrued Expenses$15,315$15,404▲ $89
Deferred Revenue$2,612$350▼ $2,262
Total Liabilities$44,882$44,521▼ $361
Net Assets / Fund Balance
Unrestricted Net Assets$175,289$125,899▼ $49,390
Total Net Assets Fund Balance$175,289$125,899▼ $49,390
Total Liabilities and Net Assets / Fund Balance$220,171$170,420▼ $49,751

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$59,609$100,536$160,145
Equipment$648$64,377$65,025
Land$11,000-$11,000
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Michael TarantinoPresident/CEOFT$136,721$136,721

Board Members and Trustees

NameTitle
Wendell VerretChairperson
Fran HendersonPast Chairperson
Reid SellersVice Chairperson
April FoulcardBoard Member
Brad CliftonBoard Member
Chad CourtoisBoard Member
Craig RomeroBoard Member
Dale HendersonBoard Member
Dan DoerleBoard Member
Fran ThibodeauxBoard Member
Freddie DecourtBoard Member
Gerald FaulkBoard Member
Jason DevillerBoard Member
Katie ChiassonBoard Member
Larry RichardBoard Member
Mike FlashBoard Member
Morgan RichardBoard Member
Neely MooreBoard Member
Pam BlakelyBoard Member
Paul LandryBoard Member
Parker TempletonExec Cmte Member
Elizabeth BodinSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$77,250
Program Service Revenue
$264,115
Investment Income
$121
Other Revenue
$1,303
Change in Net Assets
$-49,390
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$308,951
Other Expenses$83,228
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$108,841$36,280-$145,121
Other Salaries and Wages$79,162$26,387-$105,549
Other Employee Benefits$30,149$10,049-$40,198
Payroll Taxes$13,562$4,521-$18,083
Office Expenses$4,755$5,259-$10,014
Fees for Services Accounting-$8,865-$8,865
All Other Expenses$4,233$2,748-$6,981
Advertising$6,878--$6,878
Depreciation Depletion-$5,573-$5,573
Occupancy-$4,821-$4,821
Other Expenses$4,764$6,392-$4,764
Interest-$3,771-$3,771
Insurance-$3,487-$3,487
Total Functional Expenses$267,254$124,925$0$392,179
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
Yes
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

“President/ceo reviews the 990 before signing. The return is not reviewed by other board members unless requested.”

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

“Executive committee, board members, and key employees disclosure related parties, business interests, and any possible conflicts of interest. These disclosures are reviewed annually by the president and chairman.”

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

“Compensation of the president/ceo is reviewed and determined by the executive committee annually, based on performance and other qualitative factors.”

Form 990, Part VI, Section C, Line 19

“Governing documents, conflict of interest policy, and financial statements are available to the public upon request. Reviewed financial statements are available for public inspection on the louisiana legislative auditor's website.”

Filing and Contact Details

Filer

Filer Name
Iberia Industrial Development Foundation
EIN
72-1027792
Phone
3373670834
Address
101 BURKE STREET, NEW IBERIA, LA 70560

Signing Officer

Name
Michael Tarantino
Title
President and CEO
Phone
3373670834
Signed
2018-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Tarantino
Formed
1994
Legal Domicile
La
Voting Board Members
23
Independent Board Members
22
Employees
3
Volunteers
22

Preparer

Firm
Postlethwaite & Netterville
Address
400 E KALISTE SALOOM RD STE 7100, LAFAYETTE, LA 70508
Preparer
David Edmond
Phone
3372348431
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C-oversight/selection Process of Audit

“The reviewers of the financial statements for the this tax year were postlethwaite & netterville, apac. This is the same firm engaged in the prior year. In accordance with the state of louisiana audit guide, the level of louisiana public funds received by the foundation during 2017 required a review and agreed-upon procedures engagement (the same level of service the foundation had in the prior year).”

Financial Statement Notes

PART X, LINE 2:

“Notes to reviewed financial statements: the foundation is an exempt organization for federal income tax purposes under section 501(c)(6) of the internal revenue code. Management has determined that the foundation does not have any uncertain tax positions or associated unrecognized benefits that materially impact the financial statements or related disclosures. Since tax matters are subject to some degree of uncertainty, there can be no assurance that the foundation's tax returns will not be challenged by the taxing authorities and that the foundation will not be subject to additional tax, penalties, and interest as a result of such challenge. Generally, the foundation's tax returns remain open for three years for federal and state income tax examination which is 2014 and after.”

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt1PAST CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4EXEC CMTE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt21BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt22PRESIDENT/CEO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01994
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt023
IRS990/GovernmentGrantsAmt045000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0348236
IRS990/GrossRentsGrp/RealAmt06750
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt022
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt03487
IRS990/InsuranceGrp/TotalAmt03487
IRS990/InterestGrp/ManagementAndGeneralAmt03771
IRS990/InterestGrp/TotalAmt03771
IRS990/InvestmentIncomeGrp/ExclusionAmt0121
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0121
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0164913
IRS990/LandBldgEquipBasisNetGrp/BOYAmt078296
IRS990/LandBldgEquipBasisNetGrp/EOYAmt071257
IRS990/LandBldgEquipCostOrOtherBssAmt0236170
IRS990/LegalDomicileStateCd0LA
IRS990/LessRentalExpensesGrp/RealAmt05447
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt032250
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PROMOTE INDUSTRIAL AND ECONOMIC DEVELOPMENT FOR EXISTING COMPANIES AND RECRUIT ADDITIONAL INDUSTRIES TO LOCATE IN IBERIA PARISH.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0175289
IRS990/NetAssetsOrFundBalancesEOYAmt0125899
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt01303
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt01303
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoncashContributionsAmt03500
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt04821
IRS990/OccupancyGrp/TotalAmt04821
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05259
IRS990/OfficeExpensesGrp/ProgramServicesAmt04755
IRS990/OfficeExpensesGrp/TotalAmt010014
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt010049
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt030149
IRS990/OtherEmployeeBenefitsGrp/TotalAmt040198
IRS990/OtherExpensesGrp/Desc0SPECIAL PROJECTS
IRS990/OtherExpensesGrp/Desc1TELEPHONE EXPENSE
IRS990/OtherExpensesGrp/Desc2REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc3BUSINESS DEVELOPMENT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06772
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt16392
IRS990/OtherExpensesGrp/ProgramServicesAmt014910
IRS990/OtherExpensesGrp/ProgramServicesAmt14764
IRS990/OtherExpensesGrp/TotalAmt014910
IRS990/OtherExpensesGrp/TotalAmt16772
IRS990/OtherExpensesGrp/TotalAmt26392
IRS990/OtherExpensesGrp/TotalAmt34764
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt026387
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt079162
IRS990/OtherSalariesAndWagesGrp/TotalAmt0105549
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04521
IRS990/PayrollTaxesGrp/ProgramServicesAmt013562
IRS990/PayrollTaxesGrp/TotalAmt018083
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05430
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05821
IRS990/PrincipalOfficerNm0MICHAEL TARANTINO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/Desc0HOTEL/MOTEL TAX
IRS990/ProgramServiceRevenueGrp/Desc1SPECIAL PROJECTS - IDE
IRS990/ProgramServiceRevenueGrp/Desc2SPECIAL PROJECTS - ARA
IRS990/ProgramServiceRevenueGrp/Desc3SPECIAL PROJECTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0190176
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt142000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt221613
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt310326
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0190176
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt142000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt221613
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt310326
IRS990/ProgSrvcAccomActy2Grp/Desc0BUSINESS RETENTION AND EXPANSION SERVICES: WE ASSISTED OVER 10 BUSINESSES IN EXPANDING THEIR IBERIA PARISH LOCATIONS. APPROXIMATE NET INCREASE OF NEW JOBS CREATED: 275.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt067112
IRS990/ProgSrvcAccomActy3Grp/Desc0INDUSTRIAL PARK SUPPORT, MARKETING AND DEVELOPMENT SERVICES: WE DEVELOPED AND DISTRIBUTED INFORMATION ON AVAILABLE PROPERTIES AND COMMERCIAL BUILDINGS LOCATED IN IBERIA PARISH, INCLUDING THOSE LOCATED AT THE PORT OF IBERIA, ACADIANA REGIONAL AIRPORT AND PROGRESS POINT BUSINESS PARK. WE MARKETED AVAILABLE SITES AND BUILDINGS THROUGH ATTENDANCE AT REGIONAL TRADE SHOWS, MAINTENANCE OF WEB SITE AVAILABLE PROPERTIES, DIRECT MAILINGS TO SITE SELECTORS AND REAL ESTATE AGENTS, PERSONAL VISITS TO PROPERTY DEVELOPMENT AGENTS, RESPONSES TO LOUISIANA ECONOMIC DEVELOPMENT REQUESTS FOR PROPOSALS AND OTHER AVAILABLE PROPERTY REQUESTS FROM OTHER REGIONAL AND LOCAL ECONOMIC DEVELOPMENT AGENCIES.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt095582
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt016915
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt070313
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt06
IRS990/PYOtherExpensesAmt077625
IRS990/PYOtherRevenueAmt0422
IRS990/PYProgramServiceRevenueAmt0287815
IRS990/PYRevenuesLessExpensesAmt0-35548
IRS990/PYSalariesCompEmpBnftPaidAmt0316479
IRS990/PYTotalExpensesAmt0394104
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0358556
IRS990/ReconcilationRevenueExpnssAmt0-49390
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt01303
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt099502
IRS990/SavingsAndTempCashInvstGrp/EOYAmt056234
IRS990/ScheduleBRequiredInd01
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd01
IRS990ScheduleC/SubstantiallyAllDuesNondedInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt059609
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0100536
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0160145
IRS990ScheduleD/EquipmentGrp/BookValueAmt0648
IRS990ScheduleD/EquipmentGrp/DepreciationAmt064377
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt065025
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt011000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt011000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0NOTES TO REVIEWED FINANCIAL STATEMENTS: THE FOUNDATION IS AN EXEMPT ORGANIZATION FOR FEDERAL INCOME TAX PURPOSES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. MANAGEMENT HAS DETERMINED THAT THE FOUNDATION DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS OR ASSOCIATED UNRECOGNIZED BENEFITS THAT MATERIALLY IMPACT THE FINANCIAL STATEMENTS OR RELATED DISCLOSURES. SINCE TAX MATTERS ARE SUBJECT TO SOME DEGREE OF UNCERTAINTY, THERE CAN BE NO ASSURANCE THAT THE FOUNDATION'S TAX RETURNS WILL NOT BE CHALLENGED BY THE TAXING AUTHORITIES AND THAT THE FOUNDATION WILL NOT BE SUBJECT TO ADDITIONAL TAX, PENALTIES, AND INTEREST AS A RESULT OF SUCH CHALLENGE. GENERALLY, THE FOUNDATION'S TAX RETURNS REMAIN OPEN FOR THREE YEARS FOR FEDERAL AND STATE INCOME TAX EXAMINATION WHICH IS 2014 AND AFTER.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt071257
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$170,420
Liabilities
$44,521
Net assets
$125,899
Revenue
$342,789
Expenses
$392,179
Net income
-$49,390
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.95$1.49$3.46$5.25$4.74$0.52
2023Detailed filing. Detailed filing data is available for this year.$4.47$1.53$2.94$4.63$4.35$0.28
2022Detailed filing. Detailed filing data is available for this year.$4.21$1.56$2.65$4.18$3.89$0.28
2021Detailed filing. Detailed filing data is available for this year.$3.97$1.60$2.37$5.57$3.79$1.78
2020Detailed filing. Detailed filing data is available for this year.$2.14$1.54$0.59$3.55$3.32$0.23
2019Detailed filing. Detailed filing data is available for this year.$1.27$0.90$0.37$3.71$3.93$0.22
2018Detailed filing. Detailed filing data is available for this year.$1.30$0.71$0.59$3.22$3.90$0.67
2017Detailed filing. Detailed filing data is available for this year.$1.70$0.45$1.26$3.43$3.92$0.49
2016Detailed filing. Detailed filing data is available for this year.$2.20$0.45$1.75$3.59$3.94$0.36
2015Detailed filing. Detailed filing data is available for this year.$2.33$0.22$2.11$3.54$4.02$0.48
2014Detailed filing. Detailed filing data is available for this year.$2.59$0.04$2.56$3.57$3.50$0.08
2013Detailed filing. Detailed filing data is available for this year.$2.63$0.16$2.47$3.35$3.42$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.63$0.11$2.52$4.69
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.77$0.24$2.53$4.12
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.67$0.25$2.42$3.51