Acadiana Economic Development Council in Lafayette, Louisiana (LA)
Table of contents:
| Acadiana Economic Development Council | |
| Employer Identification Number (EIN) | 320105141 |
| Name of Organization | Acadiana Economic Development Council |
| In Care of Name | Anderew Gaudin |
| Address | 211 E Devalcourt St, Lafayette, LA 70506-3155 |
| Subsection | Educational Organization |
| Ruling Date | 06/2005 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 09/2013 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $271,485 |
| Amount of Income | $89,433 |
| Form 990 Revenue Amount | $89,433 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Economic Development |
Non-representatives - add comments:
Amount of income in 2013: $89,433 (it was $173,250 in 2013)
| Acadiana Economic Development Council: | $89,433 |
| Other organizations performing similar types of work: | $135,279 |
Assets in 2013: $271,485 (it was $249,689 in 2013)
| Acadiana Economic Development Council: | $271,485 |
| Other organizations performing similar types of work: | $114,906 |
Expenses in 2013: $70,889
| Acadiana Economic Development Council: | $70,889 |
| Other organizations performing similar types of work: | $121,073 |
Income to expenses ratio in 2013: 1.3
| Acadiana Economic Development Council: | 1.3 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2013: 14.0%
| Acadiana Economic Development Council: | 14.0% |
| Other organizations performing similar types of work: | 8.8% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
| 2012 | 2013 | |
|---|---|---|
| Total revenue | $190,522 | $89,433 |
| Contributions, gifts, grants, and similar amounts received | $73,250 | $12,500 |
| Program service revenue including government fees and contracts | $117,272 | $76,933 |
| Membership dues and assessments | $0 | $0 |
| Investment income | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 |
| Other revenue | $0 | $0 |
| Total expenses | $140,984 | $70,889 |
| Total net assets | $228,558 | $267,687 |
| Excess/Deficit for the year | $49,538 | $18,544 |
| Net assets or fund balances at beginning of year | $179,020 | $249,143 |
| Other changes in net assets or fund balances | $0 | $0 |
| Net assets or fund balances at end of year | $267,687 | |
| Balance Sheets | ||
| 2012 | 2013 | |
|---|---|---|
| Total assets | $229,054 | $271,485 |
| Total liabilities | $496 | $3,798 |
| Net assets or fund balances | $228,558 | $267,687 |
| Other Information | ||
| 2012 | 2013 | |
|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | |
| Were any significant changes made to the organizing or governing documents? | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No |
| Has the organization filed a Form 990-T for the year? | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | |
| Amount of political expenditures, direct or indirect | $0 | |
| Did the organization file Form 1120-POL for this year? | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | |
| Total amount involved | $0 | |
| Initiation fees and capital contributions | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $310,936 |
| Subtotal Support | $310,936 |
| Gifts, grants, contributions, and membership fees received | $310,936 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $311,034 |
| Public Support | $310,936 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $98 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $589,592 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | West River Foundation For Economic And Community Development | PO BOX 605, Sturgis, SD 57785-0605 | SD | 2000-10 | $1,093,865 |
| 2 | Louisiana State University System Research And Technology Foundation | 101 Letc 110 Lsu Union Sq, Baton Rouge, LA 70803-0001 | LA | 2007-11 | $20,520,539 |
| 3 | Strategic Action Council Of Northwest Louisiana Inc | Po Box 1910, Shreveport, LA 71166 | LA | 2007-09 | $339,323 |
| 4 | St Claude Avenue Main Street | 3232 N Galvez St, New Orleans, LA 70117-6437 | LA | 2012-06 | $280,180 |
| 5 | Innovation Catalyst Inc | 7117 Florida Blvd, Baton Rouge, LA 70806-4549 | LA | 2014-08 | $270,286 |
| 6 | Oak Street Association Inc | Non-Existent, Nonexistent, LA 70118 | LA | 2008-09 | $219,919 |
| 7 | Iberia Development Foundation | 101 Burke St, New Iberia, LA 70560-3703 | LA | 2012-05 | $169,609 |
| 8 | Oak Street Merchants Residents And Property Owners | 8500 Oak St, New Orleans, LA 70118-1201 | LA | 2014-07 | $167,145 |
| 9 | Southwest Louisiana Partnership For Economic Development, Roach Randall E Gen Ptr | 4310 Ryan St, Lake Charles, LA 70605-4514 | LA | 2005-02 | $144,785 |
| 10 | St Francisville Area Foundation Inc | P O Box 797, Saint Francisville, LA 70775 | LA | 1999-01 | $106,667 |
| 11 | Oretha Castle Haley Boulevard Merchants And Business Association | 1712 Oretha Castle Haley Blvd 302, New Orleans, LA 70113-1374 | LA | 2014-07 | $91,742 |
| 12 | Jedco Development Corporation | 700 Church Hill Pkwy, Avondale, LA 70094-2970 | LA | 2014-08 | $80,162 |
| 13 | Stay Local | 2803 St Philip Street, New Orleans, LA 70119 | LA | 2011-08 | $67,929 |
| 14 | Southern Hills Business Association | 9701 Baird Rd, Shreveport, LA 71118-3803 | LA | 2004-07 | $61,832 |
| 15 | Louisiana Global Alliance | 171 Belle Terre Blvd, La Place, LA 70068-3349 | LA | 2009-09 | $5,000 |
| 16 | Arcs Aligned Inc | 1739 2nd St, New Orleans, LA 70113-1657 | LA | 2015-01 | $0 |
| 17 | Berachah Community Development Corporation | Po Box 15468, Baton Rouge, LA 70895 | LA | 2000-04 | $0 |
| 18 | C O P E Inc | Post Office Box 462, Haynesville, LA 71038 | LA | 1999-01 | $0 |
| 19 | Catalyst Fund | 7117 Florida Blvd, Baton Rouge, LA 70806-4549 | LA | 2014-10 | $0 |
| 20 | Central Economic Development Foundation Inc | P O Box 78136, Baton Rouge, LA 70837 | LA | 2011-08 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,253 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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