Form 990 for tax year 2023
Filed by LIVINGSTON ECONOMIC DEVELOPMENT COUNCIL INC.
Totals
- Total revenue
- $610,911
- Total expenses
- $388,816
- Contributions and grants received
- $327,703
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $278,918
- Other revenue
- $4,290
- Total assets, end of year
- $2,784,554
- Total liabilities, end of year
- $9,701
- Net assets or fund balances, end of year
- $2,774,853
- Program services expenses (Part IX)
- $315,497
- Management and general expenses
- $73,319
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $315,497
Program services were 81.1% 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
$40,775
-
1e · Government grants (contributions)
$153,429
-
1f · All other contributions, gifts and grants
$133,499
-
3 · Investment income
total $53,990 · excluded $53,990
-
6a · Gross rents
real property $4,290
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $4,290
-
6d · Net rental income or loss
total $4,290 · excluded $4,290
-
7a · Gross sales of assets other than inventory
other assets $648,531
-
7b · Less cost or other basis and sales expenses
other assets $423,603
-
7c · Gain or loss
other assets $224,928
-
7d · Net gain or loss
total $224,928 · excluded $224,928
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $183,601 · program services $183,601
-
7 · Other salaries and wages
total $49,560 · program services $43,440 · management and general $6,120
-
8 · Pension plan contributions
total $5,376 · program services $5,376
-
9 · Other employee benefits
total $1,079 · program services $1,079
-
10 · Payroll taxes
total $16,323 · management and general $16,323
-
11b · Fees: legal
total $1,575 · program services $1,575
-
11c · Fees: accounting
total $22,340 · management and general $22,340
-
11g · Fees: other
total $7,669 · program services $7,669
-
12 · Advertising and promotion
total $43,965 · program services $43,965
-
13 · Office expenses
total $17,289 · management and general $17,289
-
16 · Occupancy
total $18,519 · program services $13,259 · management and general $5,260
-
17 · Travel
total $324 · management and general $324
-
19 · Conferences, conventions and meetings
total $7,868 · program services $7,868
-
22 · Depreciation, depletion and amortization
total $1,669 · program services $1,669
-
23 · Insurance
total $1,781 · management and general $1,781
-
24a · Other expenses: MISCELLANEOUS
total $4,567 · program services $685 · management and general $3,882
-
24b · Other expenses: DUES AND SUBSCRIPTIONS
total $2,811 · program services $2,811
-
24c · Other expenses: DONATIONS
total $2,500 · program services $2,500
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $626,929 · end of year $309,183
-
2 · Savings and temporary cash investments
beginning of year $1,086,299 · end of year $2,042,979
-
4 · Accounts receivable
end of year $4,450
-
9 · Prepaid expenses and deferred charges
beginning of year $5,038 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$56,245
-
10b · Land, buildings and equipment: accumulated depreciation
$36,251
-
10c · Land, buildings and equipment, net
beginning of year $21,661 · end of year $19,994
-
15 · Other assets
beginning of year $818,205 · end of year $407,948
-
17 · Accounts payable and accrued expenses
beginning of year $5,374 · end of year $6,503
-
25 · Other liabilities
beginning of year $0 · end of year $3,198
-
27 · Net assets without donor restrictions
beginning of year $2,552,758 · end of year $2,774,853
Mission and programs · 2023
Mission
TO PROVIDE QUALITY ECONOMIC DEVELOPMENT SERVICES TO ALL AREAS IN LIVINGSTON PARISH
Activities or mission (Part I)
TO PROVIDE QUALITY ECONOMIC DEVELOPMENT SERVICES TO ALL AREAS OF LIVINGSTON PARISH
-
CONTINUED DEVELOPMENT OF LIVINGSTON PARISH INDUSTRIAL PARK AND PROMOTION OF LIVINGSTON PARISH
Expenses $315,497
As filed on the 2023 return.
Listed in Part VII
-
DAVID BENNETT
DIRECTOR
- Total calculated
- $188,977
- From this org
- $171,601
- From related orgs
- $0
- Other
- $17,376
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $165,001
- Bonus
- $0
- Other
- $6,600
- Deferred
- $5,376
- Nontaxable benefits
- $12,000
- Filer's total
- $188,977
-
RONNY CHAMPLIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MIKE COTTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ERIC EDWARDS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DALE ERDEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MELANIE JOFFRION
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
GERARD LANDRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
SHERRY MELY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ERIC MCMILLEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MILLS MURREY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JAIME SEAL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JONATHAN JT TAYLOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
REGINA SCOTT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JOSH PREJEAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
BUDDY WELLS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
KIM SANDERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JOHN HOLMES
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
JAY LABARRE
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
TREY SANDERS
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
SYBIL COTTEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
GREGORY GILMORE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
LAYTON RICKS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
BRIAN SKELTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 11 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403199349306455
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