Civic Intelligence

Iberia Industrial Development Sfoundation

990 • Fiscal year 2022 • EIN 72-1027792

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 08, 2023

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

88th percentile

0.37x

Higher debt load relative to assets than 88% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

89th percentile

0.37x

Higher debt load relative to revenue than 89% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Net Margin

59th percentile

6.8%

Higher net margin than 59% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Top Officer Pay

99th percentile

$166,160

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 39.8% of source-year revenue.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Asset Growth

61st percentile

6.0%

Faster asset growth than 61% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

13th percentile

-25%

Faster revenue growth than 13% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets88th percentile

Assets

Up

$421,218

Up $23,883 (+6.0%) from 2021

Net Assets

Up

$265,305

Up $28,349 (+12%) from 2021

Liabilities

Down

$155,913

Down $4,466 (-2.8%) from 2021

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin59th percentile

Revenue

Down

$417,779

Down $138,855 (-25%) from 2021

Expenses

Up

$389,430

Up $10,375 (+2.7%) from 2021

Net Income

Down

$28,349

Down $149,230 (-84%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth61st 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

2022

Assets$421,218
Liabilities$155,913
Net Assets$265,305
Open 2022 Filing

Operations Trend

Revenue Growth13th 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

2022

Revenue$417,779
Expenses$389,430
Net Income$28,349
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 8, 2023
Return Version
2022v5.0
Gross Receipts
$422,943
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
Cash and Non-Interest-Bearing Accounts$228,054$301,235▲ $73,181
Land, Buildings, and Equipment, Net$43,538$36,935▼ $6,603
Savings and Temporary Cash Investments$29,771$29,778▲ $7
Accounts Receivable$77,974$24,318▼ $53,656
Intangible Assets-$14,806-
Prepaid Expenses and Deferred Charges$17,998$14,146▼ $3,852
Total Assets$397,335$421,218▲ $23,883
Liabilities
Unsecured Notes Loans Payable$156,132$153,241▼ $2,891
Accounts Payable and Accrued Expenses$3,797$2,222▼ $1,575
Deferred Revenue$450$450→ $0
Total Liabilities$160,379$155,913▼ $4,466
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$236,956$265,305▲ $28,349
Total Net Assets Fund Balance$236,956$265,305▲ $28,349
Total Liabilities and Net Assets / Fund Balance$397,335$421,218▲ $23,883

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$25,935$134,211$160,146
Equipment$0$65,024$65,024
Land$11,000-$11,000
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael TarantinoPresident/CEOFT$139,245$26,915$166,160

Board Members and Trustees

NameTitle
Chad CourtoisChairman
Mike FlashPast Chairperson
Kristie Mcmath-hebertVice Chairman
Korey KimballEx. Cmte. Member at Large
Brett BerardMember at Large
Denise BroussardMember at Large
Dionne ViatorMember at Large
Mickey BellottMember at Large
Tommy HebertMember at Large
Brad CliftonPublic Seat
Carey LaviolettePublic Seat
Carol Bourgeois JrPublic Seat
Craig RomeroPublic Seat
Fran ThibodeauxPublic Seat
Freddie DecourtPublic Seat
Heath HulinPublic Seat
Jimmy ChampagnePublic Seat
Larry RichardPublic Seat
Maurice Mo SongyPublic Seat
Pam BlakelyPublic Seat
Paul LandryPublic Seat
Ricky GonsoulinPublic Seat
Robert CowanPublic Seat
Fran HendersonSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$49,250
Program Service Revenue
$369,185
Investment Income
$8
Other Revenue
$-664
Change in Net Assets
$28,349
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$271,624
Other Expenses$117,806
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$141,714$15,746-$157,460
Other Salaries and Wages$16,055$48,650-$64,705
Other Employee Benefits$23,546$9,557-$33,103
Payroll Taxes$11,776$4,580-$16,356
Office Expenses$6,750$2,893-$9,643
Fees for Services Accounting-$9,075-$9,075
All Other Expenses-$8,847-$8,847
Depreciation Depletion-$6,947-$6,947
Other Expenses$5,734$999-$6,733
Insurance-$6,645-$6,645
Occupancy-$6,490-$6,490
Advertising$4,318$500-$4,818
Interest-$4,801-$4,801
Total Functional Expenses$262,264$127,166$0$389,430
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 35% controlled entity
No
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
2023-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Tarantino
Formed
1994
Legal Domicile
La
Voting Board Members
21
Independent Board Members
20
Employees
3
Volunteers
0

Preparer

Firm
Eag Gulf Coast LLC
Address
400 EAST KALISTE SALOOM ROAD 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 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 2022 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 2019 and after.”

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt23149059
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
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/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/TitleTxt0PAST CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4EX. CMTE. MEMBER AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt5PUBLIC SEAT
IRS990/Form990PartVIISectionAGrp/TitleTxt6PUBLIC SEAT
IRS990/Form990PartVIISectionAGrp/TitleTxt7PUBLIC SEAT
IRS990/Form990PartVIISectionAGrp/TitleTxt8PUBLIC SEAT
IRS990/Form990PartVIISectionAGrp/TitleTxt9PUBLIC SEAT
IRS990/Form990PartVIISectionAGrp/TitleTxt10PUBLIC SEAT
IRS990/Form990PartVIISectionAGrp/TitleTxt11PUBLIC SEAT
IRS990/Form990PartVIISectionAGrp/TitleTxt12PUBLIC SEAT
IRS990/Form990PartVIISectionAGrp/TitleTxt13PUBLIC SEAT
IRS990/Form990PartVIISectionAGrp/TitleTxt14MEMBER AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt15MEMBER AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt16MEMBER AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt17MEMBER AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt18PUBLIC SEAT
IRS990/Form990PartVIISectionAGrp/TitleTxt19PUBLIC SEAT
IRS990/Form990PartVIISectionAGrp/TitleTxt20PUBLIC SEAT
IRS990/Form990PartVIISectionAGrp/TitleTxt21PUBLIC SEAT
IRS990/Form990PartVIISectionAGrp/TitleTxt22MEMBER AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt23PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt24PUBLIC SEAT
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01994
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt021
IRS990/GovernmentGrantsAmt016000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0422943
IRS990/GrossRentsGrp/RealAmt04500
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt020
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt06645
IRS990/InsuranceGrp/TotalAmt06645
IRS990/IntangibleAssetsGrp/EOYAmt014806
IRS990/InterestGrp/ManagementAndGeneralAmt04801
IRS990/InterestGrp/TotalAmt04801
IRS990/InvestmentIncomeGrp/ExclusionAmt08
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt08
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0199235
IRS990/LandBldgEquipBasisNetGrp/BOYAmt043538
IRS990/LandBldgEquipBasisNetGrp/EOYAmt036935
IRS990/LandBldgEquipCostOrOtherBssAmt0236170
IRS990/LegalDomicileStateCd0LA
IRS990/LessRentalExpensesGrp/RealAmt05164
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt033250
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/NetAssetsOrFundBalancesBOYAmt0236956
IRS990/NetAssetsOrFundBalancesEOYAmt0265305
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0-664
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0-664
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0236956
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0265305
IRS990/NoncashContributionsAmt04500
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt06490
IRS990/OccupancyGrp/TotalAmt06490
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02893
IRS990/OfficeExpensesGrp/ProgramServicesAmt06750
IRS990/OfficeExpensesGrp/TotalAmt09643
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt09557
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt023546
IRS990/OtherEmployeeBenefitsGrp/TotalAmt033103
IRS990/OtherExpensesGrp/Desc0BUSINESS DEVELOPMENT
IRS990/OtherExpensesGrp/Desc1SPECIAL PROJECTS
IRS990/OtherExpensesGrp/Desc2TELEPHONE EXPENSE
IRS990/OtherExpensesGrp/Desc3DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0436
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11000
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2999
IRS990/OtherExpensesGrp/ProgramServicesAmt032811
IRS990/OtherExpensesGrp/ProgramServicesAmt110546
IRS990/OtherExpensesGrp/ProgramServicesAmt29014
IRS990/OtherExpensesGrp/ProgramServicesAmt35734
IRS990/OtherExpensesGrp/TotalAmt032811
IRS990/OtherExpensesGrp/TotalAmt110982
IRS990/OtherExpensesGrp/TotalAmt210014
IRS990/OtherExpensesGrp/TotalAmt36733
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt048650
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt016055
IRS990/OtherSalariesAndWagesGrp/TotalAmt064705
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04580
IRS990/PayrollTaxesGrp/ProgramServicesAmt011776
IRS990/PayrollTaxesGrp/TotalAmt016356
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt017998
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt014146
IRS990/PrincipalOfficerNm0MICHAEL TARANTINO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/BusinessCd4900099
IRS990/ProgramServiceRevenueGrp/Desc0HOTEL/MOTEL TAX
IRS990/ProgramServiceRevenueGrp/Desc1SPECIAL PROJECTS - IED
IRS990/ProgramServiceRevenueGrp/Desc2SPECIAL PROJECTS - IPG
IRS990/ProgramServiceRevenueGrp/Desc3SPECIAL PROJECTS - LED
IRS990/ProgramServiceRevenueGrp/Desc4IPTC
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0187870
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1102000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt250250
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt317065
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt412000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0187870
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1102000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt250250
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt317065
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt412000
IRS990/ProgSrvcAccomActy2Grp/Desc0BUSINESS RETENTION AND EXPANSION SERVICES: WE CONTINUE TO ASSIST AVIATION EXTERIORS IN EXPANDING THE LINES OF SERVICES THEY OFFER IN NEW IBERIA TO INCLUDE AIRCRAFT INTERIOR OVERHAUL, REPAIR AND MAINTENANCE. WE ARE ASSISTING UL LAFAYETTE IN THE UPGRADE OF THEIR BIO-HAZARD LAB FACILITIES AT THE NEW IBERIA RESEARCH CAMPUS. IN ADDITION, WE ARE WORKING CLOSELY WITH THEM IN THE DEVELOPMENT AND CONSTRUCTION OF A NEW TECHNICAL CAMPUS AND GMP MANUFACTURING FACILITY AT PROGRESS POINT BUSINESS PARK. CONSTRUCTION ON THE BIO-HAZARD LAB IS ALMOST COMPLETE, AND THE DESIGN AND PRELIMINARY CONSTRUCTION TESTING ON THE PROPERTY FOR THE TECHNICAL CAMPUS AND GMP MANUFACTURING FACILITY SHOULD START SHORTLY AFTER THE FIRST OF THE YEAR. ANTICIPATED NET NEW JOBS CREATED DUE TO EXPANSION AND RETENTION: 562.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0132971
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, PROGRESS POINT BUSINESS PARK AND GENERAL PROPERTIES AROUND THE PARISH. WE MARKETED AVAILABLE SITES AND BUILDINGS THROUGH VIRTUAL TRADE SHOWS, WEB BASED SITES DIRECT MAILING TO REAL ESTATE AND SITE SELECTION FIRMS AND RESPONSES TO REQUESTS FOR LOUISIANA ECONOMIC DEVELOPMENT AND REGIONAL ECONOMIC DEVELOPMENT AGENCIES. WE ASSISTED INT EH CERTIFICATION OF ONE NEW CERTIFIED SITES AT ACADIANA REGIONAL AIRPORT INCREASING MARKETING CAPACITY.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt052155
IRS990/ProgSrvcAccomActyOtherGrp/Desc0MISCELLANEOUS VARIOUS OTHER PROGRAM SERVICES
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt033233
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt080123
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt063
IRS990/PYOtherExpensesAmt0135038
IRS990/PYOtherRevenueAmt0-338
IRS990/PYProgramServiceRevenueAmt0476786
IRS990/PYRevenuesLessExpensesAmt0177579
IRS990/PYSalariesCompEmpBnftPaidAmt0244017
IRS990/PYTotalExpensesAmt0379055
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0556634
IRS990/ReconcilationRevenueExpnssAmt028349
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$421,218
Liabilities
$155,913
Net assets
$265,305
Revenue
$417,779
Expenses
$389,430
Net income
$28,349
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