Civic Intelligence

Iberia Industrial Development Sfoundation

990 • Fiscal year 2016 • EIN 72-1027792

Jan 01, 2016 to Dec 31, 2016 • Filed on Jul 10, 2017

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

80th percentile

0.20x

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

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

79th percentile

0.13x

Higher debt load relative to revenue than 79% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Net Margin

22nd percentile

-9.9%

Higher net margin than 22% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

33rd percentile

-5.4%

Faster asset growth than 33% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

51st percentile

1.2%

Faster revenue growth than 51% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets80th percentile

Assets

Down

$220,171

Down $12,462 (-5.4%) from 2015

Net Assets

Down

$175,289

Down $35,548 (-17%) from 2015

Liabilities

Up

$44,882

Up $23,086 (+106%) from 2015

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin22nd percentile

Revenue

Up

$358,556

Up $4,404 (+1.2%) from 2015

Expenses

Down

$394,104

Down $7,576 (-1.9%) from 2015

Net Income

Up

-$35,548

Up $11,980 (+25%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth33rd 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

2016

Assets$220,171
Liabilities$44,882
Net Assets$175,289
Open 2016 Filing

Operations Trend

Revenue Growth51st 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

2016

Revenue$358,556
Expenses$394,104
Net Income-$35,548
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Jul 10, 2017
Return Version
2016v3.0
Gross Receipts
$362,634
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
Savings and Temporary Cash Investments$99,492$99,502▲ $10
Land, Buildings, and Equipment, Net$85,335$78,296▼ $7,039
Accounts Receivable$31,097$32,422▲ $1,325
Prepaid Expenses and Deferred Charges$4,430$5,430▲ $1,000
Cash and Non-Interest-Bearing Accounts$12,279$4,521▼ $7,758
Total Assets$232,633$220,171▼ $12,462
Liabilities
Unsecured Notes Loans Payable-$26,955-
Accounts Payable and Accrued Expenses$6,696$15,315▲ $8,619
Deferred Revenue$15,100$2,612▼ $12,488
Total Liabilities$21,796$44,882▲ $23,086
Net Assets / Fund Balance
Unrestricted Net Assets$210,837$175,289▼ $35,548
Total Net Assets Fund Balance$210,837$175,289▼ $35,548
Total Liabilities and Net Assets / Fund Balance$232,633$220,171▼ $12,462

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$66,314$93,832$160,146
Equipment$982$64,042$65,024
Land$11,000-$11,000
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Michael TarantinoPresident/CEOFT$143,450$143,450

Board Members and Trustees

NameTitle
Fran HendersonChairperson
Wendell VerretVice Chairperson
April FoulcardBoard Member
Brad CliftonBoard Member
Cecil HymelBoard Member
Chad CourtoisBoard Member
Craig RomeroBoard Member
Dale HendersonBoard Member
Dan DoerleBoard Member
Fran ThibodeauxBoard Member
Gerald FaulkBoard Member
Hilda CurryBoard Member
Jason DevillerBoard Member
Katie ChiassonBoard Member
Kevin RomeroBoard Member
Larry RichardBoard Member
Morgan RichardBoard Member
Parker TempletonBoard Member
Paul LandryBoard Member
Elizabeth BodinExec Cmte Member
Reid SellersSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$70,313
Program Service Revenue
$287,815
Investment Income
$6
Other Revenue
$422
All Other Contributions
$63
Change in Net Assets
$-35,548
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$316,479
Other Expenses$77,625
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$113,888$37,962-$151,850
Other Salaries and Wages$82,174$27,392-$109,566
Other Employee Benefits$27,837$9,279-$37,116
Payroll Taxes$13,460$4,487-$17,947
Fees for Services Accounting-$12,015-$12,015
Office Expenses$4,535$4,534-$9,069
Other Expenses$8,513$5,940-$5,940
Depreciation Depletion-$5,887-$5,887
Occupancy-$5,381-$5,381
All Other Expenses$2,900$2,331-$5,231
Insurance-$3,317-$3,317
Interest-$473-$473
Advertising$327--$327
Total Functional Expenses$267,877$126,227$0$394,104
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
2017-07-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Tarantino
Formed
1994
Legal Domicile
La
Voting Board Members
22
Independent Board Members
21
Employees
3
Volunteers
21

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 2016 required a review and agreed-upon procedures engagement (a lower level of service than the foundation had in prior years).”

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 2013 and after.”

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
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/TitleTxt21PRESIDENT/CEO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01994
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt022
IRS990/GovernmentGrantsAmt041450
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0362634
IRS990/GrossRentsGrp/RealAmt04500
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt021
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt03317
IRS990/InsuranceGrp/TotalAmt03317
IRS990/InterestGrp/ManagementAndGeneralAmt0473
IRS990/InterestGrp/TotalAmt0473
IRS990/InvestmentIncomeGrp/ExclusionAmt06
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt06
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0157874
IRS990/LandBldgEquipBasisNetGrp/BOYAmt085335
IRS990/LandBldgEquipBasisNetGrp/EOYAmt078296
IRS990/LandBldgEquipCostOrOtherBssAmt0236170
IRS990/LegalDomicileStateCd0LA
IRS990/LessRentalExpensesGrp/RealAmt04078
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt028800
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/NetAssetsOrFundBalancesBOYAmt0210837
IRS990/NetAssetsOrFundBalancesEOYAmt0175289
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0422
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0422
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoncashContributionsAmt03000
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt05381
IRS990/OccupancyGrp/TotalAmt05381
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04534
IRS990/OfficeExpensesGrp/ProgramServicesAmt04535
IRS990/OfficeExpensesGrp/TotalAmt09069
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt09279
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt027837
IRS990/OtherEmployeeBenefitsGrp/TotalAmt037116
IRS990/OtherExpensesGrp/Desc0SPECIAL PROJECTS
IRS990/OtherExpensesGrp/Desc1BUSINESS DEVELOPMENT
IRS990/OtherExpensesGrp/Desc2TELEPHONE EXPENSE
IRS990/OtherExpensesGrp/Desc3REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt07229
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt15940
IRS990/OtherExpensesGrp/ProgramServicesAmt014243
IRS990/OtherExpensesGrp/ProgramServicesAmt18513
IRS990/OtherExpensesGrp/TotalAmt014243
IRS990/OtherExpensesGrp/TotalAmt18513
IRS990/OtherExpensesGrp/TotalAmt27229
IRS990/OtherExpensesGrp/TotalAmt35940
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt027392
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt082174
IRS990/OtherSalariesAndWagesGrp/TotalAmt0109566
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04487
IRS990/PayrollTaxesGrp/ProgramServicesAmt013460
IRS990/PayrollTaxesGrp/TotalAmt017947
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04430
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05430
IRS990/PrincipalOfficerNm0MICHAEL TARANTINO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0HOTEL/MOTEL TAX
IRS990/ProgramServiceRevenueGrp/Desc1SPECIAL PROJECTS - IDE
IRS990/ProgramServiceRevenueGrp/Desc2SPECIAL PROJECTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0221362
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt142000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt224453
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0221362
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt142000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt224453
IRS990/ProgSrvcAccomActy2Grp/Desc0BUSINESS RETENTION AND EXPANSION SERVICES: WE ASSISTED OVER 17 BUSINESSES IN EXPANDING THEIR IBERIA PARISH LOCATION. APPROXIMATE NET INCREASE OF NEW JOBS CREATED: 345
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt076878
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 TRADE SHOWS, MAINTENANCE OF WEB SITE OF 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 AS WELL AS REGIONAL RFP'S FROM OTHER LOCAL/REGIONAL ECONOMIC DEVELOPMENT AGENCIES.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0101124
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt09868
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt063850
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt08
IRS990/PYOtherExpensesAmt098237
IRS990/PYOtherRevenueAmt01291
IRS990/PYProgramServiceRevenueAmt0289003
IRS990/PYRevenuesLessExpensesAmt0-47528
IRS990/PYSalariesCompEmpBnftPaidAmt0303443
IRS990/PYTotalExpensesAmt0401680
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0354152
IRS990/ReconcilationRevenueExpnssAmt0-35548
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0422
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt099492
IRS990/SavingsAndTempCashInvstGrp/EOYAmt099502
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/BuildingsGrp/BookValueAmt066314
IRS990ScheduleD/BuildingsGrp/DepreciationAmt093832
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0160146
IRS990ScheduleD/EquipmentGrp/BookValueAmt0982
IRS990ScheduleD/EquipmentGrp/DepreciationAmt064042
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt065024
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 2013 AND AFTER.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt078296
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PRESIDENT/CEO REVIEWS THE 990 BEFORE SIGNING. THE RETURN IS NOT REVIEWED BY OTHER BOARD MEMBERS UNLESS REQUESTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXECUTIVE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION OF THE PRESIDENT/CEO IS REVIEWED AND DETERMINED BY THE EXECUTIVE COMMITTEE ANNUALLY, BASED ON PERFORMANCE AND OTHER QUALITATIVE FACTORS.

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Filings

Displayed year

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

Open filing
Assets
$220,171
Liabilities
$44,882
Net assets
$175,289
Revenue
$358,556
Expenses
$394,104
Net income
-$35,548
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