Greater Bossier Economic Development Foundation
- Assets
- $1.3m
- Revenue
- $539.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Bossier City, LA
- Founding
- 04/2005
- Data as of
- 12/2022
- EIN
- 20-1024559
Organization Overview
Greater Bossier Economic Development Foundation is located in Bossier City, LA. The organization was established in 2005. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Bossier Economic Development Foundation is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Greater Bossier Economic Development Foundation generated $539.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $518.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Greater Bossier Economic Development Foundation has awarded 22 individual grants totaling $495,650. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE GREATER BOSSIER ECONOMIC DEVELOPMENT FOUNDATION (GBEDF) IS THE LEADERSHIP ORGANIZATION FOR ECONOMIC DEVELOPMENT IN BOSSIER CITY AND BOSSIER PARISH. BEYOND OUR PARTNERSHIP WITH LOCAL GOVERNMENTS WE ALSO SUPPORT REGIONAL EFFORTS SPONSORED BY SUCH ORGANIZATIONS AS THE CADDO/BOSSIER PORT, BIO-MEDICAL RESEARCH FOUNDATION AND THE WORKFORCE DEVELOPMENT PROGRAMS AT BPCC. THE MISSION OF THE GBEDF IS TO POSITION BOSSIER TO BE COMPETITIVE IN SECURING NEW JOBS AND INVESTMENT. WE SEEK TO PLACE EMPHASIS ON INFRASTRUCTURE DEVELOPMENT, ASSISTANCE TO BOSSIER'S RURAL COMMUNITIES, WORK FORCE DEVELOPMENT AND REGIONAL QUALITY OF LIFE ISSUES.THE GBEDF ALSO ADMINISTERS PROGRAMS WHICH ASSIST WITH SMALL BUSINESS DEVELOPMENT, FINANCIAL ASSISTANCE AND LEGISLATIVE ISSUES MANAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT PROVIDED TO BARKSDALE FORWARD. BARKSDALE FORWARD WORKS FOR THE DEVELOPMENT AND PROMOTION OF BARKSDALE AIR FORCE BASE BY EDUCATING THE PUBLIC ABOUT THE SOCIAL, CULTURAL, AND ECONOMIC BENEFITS OF BARKSDALE AIR FORCE BASE.
OTHER PROGRAM SERVICES INCLUDE SUPPORT FOR: BOSSIER CHAMBER, SHREVEPORT-BOSSIER FILM OFFICE, BOSSIER ARTS COUNCIL, FILM PRIZE FOUNDATION, BPCC FOUNDATION, AND VARIOUS OTHER PROJECTS TO SUPPORT THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Boggs Director | Trustee | 1 | $0 |
John Bonomo Director | Trustee | 1 | $0 |
Rand Falbaum Director | Trustee | 1 | $0 |
Carlton Golden Chairman | OfficerTrustee | 1 | $0 |
Gary Hubbard Advisory Appointee | OfficerTrustee | 1 | $0 |
Percy Hubbard Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $45,675 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $487,076 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $532,751 |
| Total Program Service Revenue | $0 |
| Investment income | $1,798 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $539,196 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $55,667 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $157,950 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $4,170 |
| Other employee benefits | $39,486 |
| Payroll taxes | $11,453 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $530 |
| Fees for services: Accounting | $48,412 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,480 |
| Advertising and promotion | $67,692 |
| Office expenses | $26,085 |
| Information technology | $850 |
| Royalties | $0 |
| Occupancy | $46,358 |
| Travel | $11,400 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,738 |
| Interest | $87 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,583 |
| Insurance | $3,125 |
| All other expenses | $3,685 |
| Total functional expenses | $518,357 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $671,934 |
| Savings and temporary cash investments | $300,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,099 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $12,169 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $320,697 |
| Total assets | $1,318,899 |
| Accounts payable and accrued expenses | $662 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $326,397 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $327,059 |
| Net assets without donor restrictions | $991,840 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,318,899 |
Grants Awarded
Over the last fiscal year, Greater Bossier Economic Development Foundation has awarded $49,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BARKSDALE FORWARD PURPOSE: GENERAL SUPPORT FOR THE ORGANIZATION. | $20,000 |
INDEPENDENCE BOWL FOUNDATION PURPOSE: GENERAL SUPPORT FOR THE ORGANIZATION. | $20,000 |
SHREVEPORT-BOSSIER WASHINGTON MARDI GRAS PURPOSE: GENERAL SUPPORT FOR THE ORGANIZATION. | $9,000 |