Form 990 for tax year 2022
Filed by GRETNA ECONOMIC DEVELOPMENT ASSOCIATION LIMITED.
Totals
- Total revenue
- $3,936,654
- Total expenses
- $4,842,487
- Contributions and grants received
- $1,508,880
- Grants paid
- $704
- Program service revenue
- $2,268,380
- Investment income
- $4,553
- Other revenue
- $154,841
- Total assets, end of year
- $362,600
- Total liabilities, end of year
- $526,556
- Net assets or fund balances, end of year
- -$163,956
- Program services expenses (Part IX)
- $4,665,297
- Management and general expenses
- $177,190
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $4,665,297
Program services were 96.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$19,775
-
1e · Government grants (contributions)
$1,483,407
-
1f · All other contributions, gifts and grants
$5,698
-
2a · Program service revenue: Lundi Gras Income
total $3,042
-
2b · Program service revenue: Farmers Market Income
total $61,288
-
2c · Program service revenue: Art Walk Income
total $3,970
-
2d · Program service revenue: Gretna Fest Income
total $2,200,080
-
3 · Investment income
total $4,553 · related or exempt $4,553
-
9a · Gaming: gross income
$1,386,160
-
9b · Gaming: direct expenses
$1,237,504
-
9c · Net income from gaming
total $148,656
-
11a · Other revenue: Special Project Income
total $6,183 · related or exempt $6,183
-
11b · Other revenue: Miscellaneous Income
total $2 · related or exempt $2
-
11e · Other revenue, total
$6,185
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $704 · program services $704
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $79,250 · management and general $79,250
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $5,717 · program services $5,717
-
13 · Office expenses
total $4,385 · management and general $4,385
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $1,328 · management and general $1,328
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $1,905 · management and general $1,905
-
20 · Interest
total $11,941 · management and general $11,941
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $64,285 · management and general $64,285
-
24a · Other expenses: Telephone
total $2,624 · management and general $2,624
-
24b · Other expenses: Bank charges credit card fees
total $6,704 · management and general $6,704
-
24c · Other expenses: Repairs
total $180 · management and general $180
-
24d · Other expenses: Taxes penalty
total $4,588 · management and general $4,588
-
24e · All other expenses
total $4,658,876 · program services $4,658,876
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $978,587 · end of year $348,225
-
9 · Prepaid expenses and deferred charges
beginning of year $1,350 · end of year $4,800
-
10a · Land, buildings and equipment: cost or other basis
$13,797
-
10b · Land, buildings and equipment: accumulated depreciation
$13,797
-
15 · Other assets
beginning of year $4,950 · end of year $9,575
-
23 · Secured mortgages and notes payable
beginning of year $236,873 · end of year $298,501
-
25 · Other liabilities
beginning of year $6,137 · end of year $228,055
-
27 · Net assets without donor restrictions
beginning of year $741,877 · end of year -$163,956
Mission and programs · 2022
Mission
To improve the business climate within the City of Gretna as well as provide a vehicle to assist in the development of new businesses.
-
Gretna Heritage Festival in Historic Downtwon Gretna - Food sold by other non-profits and restaurants in Gretna crafts are sold. Entertainment is provided by local and nationally known bands and performers.
Expenses $4,607,178
-
Farmers Market - Held every Saturday morning. Farmers/vendors rent booths to sell various fruits and vegetables. The Organization uses the money raised from the booth rentals to fund other economic development activities.
Expenses $36,417
-
Art Walk - Held the first weekend of every month from September through May. Artists who make any type of art work or craft are invited to rent a booth to display/sell their goods. The Organization uses the money raised from the booth rentals to fund other economic development activities.
Expenses $9,734
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Teri B Tucker
President
- Total calculated
- $0
- Hours/week
- 4
-
Renee Ferrera
Vice President
- Total calculated
- $0
- Hours/week
- 4
-
Laura Ferrera
Secretary
- Total calculated
- $0
- Hours/week
- 4
-
James Blazek Jr
Treasurer
- Total calculated
- $0
- Hours/week
- 4
-
Kyle Gregore
Member at Large
- Total calculated
- $0
- Hours/week
- 4
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 22 June 2023
- IRS schema version
- 2022v5.0
- Source object
- 202311739349300631
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