Civic Intelligence

Algiers Economic Development Foundation Inc.

990 • Fiscal year 2018 • EIN 72-1275640

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 12, 2018

3520 Gen Degaulle DriveNew Orleans, LA 70114

(504) 362-6436

Siviq Scores

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

Liabilities / Assets

79th percentile

0.11x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

74th percentile

0.03x

Higher debt load relative to revenue than 74% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

40th percentile

-0.0%

Higher net margin than 40% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

45th percentile

-0.0%

Faster asset growth than 45% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

32nd percentile

-12%

Faster revenue growth than 32% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$49,384

Down $12 (-0.0%) from 2017

Net Assets

Down

$44,175

Down $371 (-0.8%) from 2017

Liabilities

Up

$5,209

Up $359 (+7.4%) from 2017

Revenue

Down

$154,757

Down $20,760 (-12%) from 2017

Expenses

Down

$154,808

Down $10,043 (-6.1%) from 2017

Net Income

Down

-$51

Down $10,717 (-100%) from 2017

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2011: $268,154Liabilities 2011: $27,744Net Assets 2011: $240,4102011Assets 2012: $204,391Liabilities 2012: $53,837Net Assets 2012: $150,5542012Assets 2013: $170,751Liabilities 2013: $61,003Net Assets 2013: $109,7482013Assets 2014: $97,936Liabilities 2014: $37,765Net Assets 2014: $60,1712014Assets 2015: $65,657Liabilities 2015: $8,229Net Assets 2015: $57,4282015Assets 2017: $49,396Liabilities 2017: $4,850Net Assets 2017: $44,5462017Assets 2018: $49,384Liabilities 2018: $5,209Net Assets 2018: $44,1752018Assets 2019: $51,468Liabilities 2019: $3,603Net Assets 2019: $47,8652019Assets 2020: $46,128Liabilities 2020: $29,286Net Assets 2020: $16,8422020Assets 2021: $174,976Liabilities 2021: $31,801Net Assets 2021: $143,1752021Assets 2022: $187,414Liabilities 2022: $3,541Net Assets 2022: $183,8732022Assets 2023: $90,288Liabilities 2023: $3,279Net Assets 2023: $87,0092023Assets 2024: $101,271Liabilities 2024: $3,584Net Assets 2024: $97,6872024Assets 2025: $139,762Liabilities 2025: $31,698Net Assets 2025: $108,0642025

Highlighted filing

2018

Assets$49,384
Liabilities$5,209
Net Assets$44,175

Operations Trend

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

$400K$200K$0-$200KExpenses 2011: $271,7922011Expenses 2012: $338,8112012Expenses 2013: $230,1582013Revenue 2014: $146,182Expenses 2014: $195,759Net Income 2014: -$49,5772014Revenue 2015: $190,739Expenses 2015: $193,482Net Income 2015: -$2,7432015Revenue 2017: $175,517Expenses 2017: $164,851Net Income 2017: $10,6662017Revenue 2018: $154,757Expenses 2018: $154,808Net Income 2018: -$512018Revenue 2019: $159,866Expenses 2019: $156,176Net Income 2019: $3,6902019Revenue 2020: $126,555Expenses 2020: $157,578Net Income 2020: -$31,0232020Revenue 2021: $334,514Expenses 2021: $229,271Net Income 2021: $105,2432021Revenue 2022: $295,450Expenses 2022: $254,752Net Income 2022: $40,6982022Revenue 2023: $276,831Expenses 2023: $373,695Net Income 2023: -$96,8642023Revenue 2024: $255,740Expenses 2024: $245,062Net Income 2024: $10,6782024Revenue 2025: $318,937Expenses 2025: $308,416Net Income 2025: $10,5212025

Highlighted filing

2018

Revenue$154,757
Expenses$154,808
Net Income-$51
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 12, 2018
Return Version
2017v2.2
Gross Receipts
$202,922
Mission and Program Overview

Mission

The mission of aedf is to help the

The mission of aedf is to help the algiers community grow and prosper by being a catalyst for economic development that provides for a vibrant and sustainable business environment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$32,012$32,036▲ $24
Cash and Non-Interest-Bearing Accounts$16,371$16,335▼ $36
Total Assets$49,396$49,384▼ $12
Other Assets Total$1,013$1,013→ $0
Liabilities
Accounts Payable and Accrued Expenses$4,850$5,209▲ $359
Total Liabilities$4,850$5,209▲ $359
Net Assets / Fund Balance
Unrestricted Net Assets$41,598$41,227▼ $371
Temporarily Rstr Net Assets$2,948$2,948→ $0
Total Net Assets Fund Balance$44,546$44,175▼ $371
Total Liabilities and Net Assets / Fund Balance$49,396$49,384▼ $12

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$9,418-
Other Assets Org$1,013--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Theo SandersBoard Chairman
Ed RobinsonExecutive Committee
Fay FaronExecutive Committee
Preston FavoriteExecutive Committee
Tonia MooreExecutive Committee
Jodi JordanMember
Kendall PringleMember
Krysta Pouncy-dysonMember
Michele SmithMember
Mike a ViraMember
Ron H BoardelonMember
Scott NiemeyerMember
Stanton McneelyMember
Josua WashingtonMemeber
Revenue and Support

Revenue Composition

Contributions and Grants
$106,136
Program Service Revenue
$42,667
Investment Income
$0
Other Revenue
$5,954
All Other Contributions
$3,261
Change in Net Assets
$-51
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$113,706
Other Expenses$41,102
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$84,500$0$0$84,500
Comp Disqual Persons$15,500$0$0$15,500
All Other Expenses$45$12,309$0$12,354
Fees for Services Accounting$7,150$2,695$0$9,845
Payroll Taxes$7,706$0$0$7,706
Other Employee Benefits$6,000$0$0$6,000
Insurance$2,257$840$0$3,097
Office Expenses$788$295$0$1,083
Conferences and Meetings$0$990$0$990
Advertising$0$731$0$731
Other Expenses$625$0$0$625
Information Technology$0$293$0$293
Total Functional Expenses$136,350$18,458$0$154,808
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$53,119
Fundraising Direct Expenses$48,165
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Wednesday at the Point$41,628$41,628$27,685$13,943
Bonfire$11,491$11,491$7,692$3,799
Total Events$53,119$53,119$48,165$4,954
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
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
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Algiers Economic Development Foundation
EIN
72-1275640
Phone
5043626436
Address
3520 GEN DEGAULLE DRIVE, NEW ORLEANS, LA 70114

Signing Officer

Name
Derrick Martin
Title
Executive Director
Phone
5043626436
Signed
2018-11-12
Discuss with paid preparer
Yes

Organization Details

Formed
1992
Legal Domicile
La
Voting Board Members
18
Independent Board Members
18
Employees
6
Volunteers
8

Preparer

Firm
Carriere & Dunn Tax and Accounting Services
Address
2014 Saint Claude Avenue, New Orleans, LA 70116-1544
Preparer
Sarita M Carriere
Phone
5049493095
Supplemental Narrative

Additional Explanations

Pt VI, Line 15A

Board of directors approve compensation to executive director.

Pt VI, Line 11B

Board od directors received a copy of the tax return for review prior to issuance.

Pt VI, Line 15B

Board of directors approved compensation to key employees.

Form 990, Part IX, Line 24E

Rent expense 8838. 0. 8838. 0.

Form 990, Part IX, Line 24E

Postage expense 65. 0. 65. 0.

Form 990, Part IX, Line 24E

Bank service charges 325. 0. 325. 0.

Form 990, Part IX, Line 24E

Credit card fees 307. 0. 307. 0.

Form 990, Part IX, Line 24E

Parking and tolls 3. 0. 3. 0.

Form 990, Part IX, Line 24E

Meal & entertainment 258. 45. 213. 0.

Form 990, Part IX, Line 24E

Telephone expense 2558. 0. 2558. 0.

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IRS990/OtherExpensesGrp/ProgramServicesAmt110771
IRS990/OtherExpensesGrp/ProgramServicesAmt21008
IRS990/OtherExpensesGrp/ProgramServicesAmt3625
IRS990/OtherExpensesGrp/TotalAmt0305
IRS990/OtherExpensesGrp/TotalAmt110771
IRS990/OtherExpensesGrp/TotalAmt21008
IRS990/OtherExpensesGrp/TotalAmt3625
IRS990/OtherRevenueMiscGrp/BusinessCd0999999
IRS990/OtherRevenueMiscGrp/Desc0MISC INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01000
IRS990/OtherRevenueTotalAmt01000
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt07706
IRS990/PayrollTaxesGrp/TotalAmt07706
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0DERRICK MARTIN
IRS990/PriorPeriodAdjustmentsAmt0-320
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0999999
IRS990/ProgramServiceRevenueGrp/BusinessCd1999999
IRS990/ProgramServiceRevenueGrp/BusinessCd2999999
IRS990/ProgramServiceRevenueGrp/Desc0BUSINESS LUNCHEON SPONSORS
IRS990/ProgramServiceRevenueGrp/Desc1GOVERNOR LUNCHEON SALES
IRS990/ProgramServiceRevenueGrp/Desc2BUSINESS MIXER SPONSORS
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt042104
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt163
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2500
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0123394
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt08510
IRS990/PYOtherExpensesAmt057179
IRS990/PYOtherRevenueAmt020644
IRS990/PYProgramServiceRevenueAmt022969
IRS990/PYRevenuesLessExpensesAmt010666
IRS990/PYSalariesCompEmpBnftPaidAmt0107672
IRS990/PYTotalExpensesAmt0164851
IRS990/PYTotalRevenueAmt0175517
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-51
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0154757
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0194115
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0246493
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0309517
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0218803
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01123685
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt08510
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt05779
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt04304
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0276
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt018869
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt08510
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt05779
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt04304
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0276
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt018869
IRS990ScheduleA/InvestmentIncomeCYPct00.01650
IRS990ScheduleA/InvestmentIncomePYPct00.00140
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.98350
IRS990ScheduleA/PublicSupportPY509Pct00.99860
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt01123685
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0154757
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0194115
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0246493
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0309517
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0218803
IRS990ScheduleA/Total509Grp/TotalAmt01123685
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01142554
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/DepreciationAmt09418
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt09418
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01013
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OTHER ASSETS
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01013
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt048165
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0WEDNESDAY AT THE POINT
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0BONFIRE
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt011463
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt01325
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt012788
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt041628
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt011491
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt053119
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt041628
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt011491
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt053119
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt04954
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt035377
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt027685
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt07692
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD OF DIRECTORS APPROVE COMPENSATION TO EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD OD DIRECTORS RECEIVED A COPY OF THE TAX RETURN FOR REVIEW PRIOR TO ISSUANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD OF DIRECTORS APPROVED COMPENSATION TO KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3RENT EXPENSE 8838. 0. 8838. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4POSTAGE EXPENSE 65. 0. 65. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BANK SERVICE CHARGES 325. 0. 325. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CREDIT CARD FEES 307. 0. 307. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7PARKING AND TOLLS 3. 0. 3. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8MEAL & ENTERTAINMENT 258. 45. 213. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9TELEPHONE EXPENSE 2558. 0. 2558. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt02948

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.40$0.32$1.08$3.19$3.08$0.11
2024Detailed filing. Detailed filing data is available for this year.$1.01$0.04$0.98$2.56$2.45$0.11
2023Detailed filing. Detailed filing data is available for this year.$0.90$0.03$0.87$2.77$3.74$0.97
2022Detailed filing. Detailed filing data is available for this year.$1.87$0.04$1.84$2.95$2.55$0.41
2021Detailed filing. Detailed filing data is available for this year.$1.75$0.32$1.43$3.35$2.29$1.05
2020Detailed filing. Detailed filing data is available for this year.$0.46$0.29$0.17$1.27$1.58$0.31
2019Detailed filing. Detailed filing data is available for this year.$0.51$0.04$0.48$1.60$1.56$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.49$0.05$0.44$1.55$1.55$0.00
2017Summary only. Only limited summary data is available for this year.$0.49$0.05$0.45$1.76$1.65$0.11
2015Summary only. Only limited summary data is available for this year.$0.66$0.08$0.57$1.91$1.93$0.03
2014Summary only. Only limited summary data is available for this year.$0.98$0.38$0.60$1.46$1.96$0.50
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.71$0.61$1.10$2.30
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.04$0.54$1.51$3.39
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.68$0.28$2.40$2.72