Oedc Land Corporation
- Assets
- $388.5k
- Revenue
- $3.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Monroe, LA
- Founding
- 06/2006
- Data as of
- 06/2022
- EIN
- 20-3218451
Organization Overview
Oedc Land Corporation is located in Monroe, LA. The organization was established in 2006. According to its NTEE Classification (S11) the organization is classified as: Single Organization Support, 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. Oedc Land Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Oedc Land Corporation generated $3.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (23.1%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE EXCLUSIVE OBJECT AND PURPOSE FOR WHICH THE CORPORATION IS FORMED IS TO PROMOTE, ASSIST AND BENEFIT THE MISSION OF THE NORTH LOUISIANA ECONOMIC PARTNERSHIP, INC., A LOUISIANA NONPROFIT CORPORATION, IN ITS ECONOMIC DEVELOPMENT ACTIVITIES IN OR ECONOMICALLY BENEFITING OUACHITA PARISH, LOUISIANA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE, ASSIST AND BENEFIT THE ECONOMIC DEVELOPMENT OF OUACHITA PARISH, LOUISIANA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Malcolm E Maddox Chairman | OfficerTrustee | $0 | |
Bill Kight Secretary | OfficerTrustee | $0 | |
Joe Holyfield Treasurer | OfficerTrustee | $0 | |
Richard Guillot Board Member | Trustee | $0 | |
John Schween Board Member | Trustee | $0 | |
Alana Cooper Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $3,491 |
| 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 | $3,491 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,062,500 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $120 |
| Fees for services: Accounting | $1,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,332 |
| All other expenses | $0 |
| Total functional expenses | $1,065,452 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,712 |
| Savings and temporary cash investments | $366,129 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $666 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $388,507 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $388,507 |
| 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 | $388,507 |
Grants Awarded
Over the last fiscal year, Oedc Land Corporation has awarded $1,062,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BIOMEDICAL RESEARCH AND INNOVATION PURPOSE: BIOMEDICAL RESEARCH | $1,000,000 |
NOVA WORKFORCE INSTITUTE OF NELA | | | $62,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Parking Facilities Corporation New Orleans, LA | $111,215,099 | $14,747,604 |
Kingdom Builders Center Of Houston Texas Inc Houston, TX | $28,395,057 | $4,665,269 |
Dkg Supporting Corporation Austin, TX | $0 | $167,191 |
Employer Services Assurance Corporation Little Rock, AR | $1,737,233 | $2,709,348 |
Decoursey Properties Amarillo, TX | $7,188,504 | $6,250,317 |
Delta Council Stoneville, MS | $3,990,808 | $1,720,219 |
South Houston Economic Development Corp South Houston, TX | $1,182,737 | $1,189,998 |
Oedc Land Corporation Monroe, LA | $388,507 | $3,491 |
Cement & Concrete Promotion Council Of Texas Hurst, TX | $1,410,214 | $1,117,596 |
Trec Special Events Inc Dallas, TX | $458,291 | $1,071,439 |
San Antonio Junior Forum Charities Inc San Antonio, TX | $0 | $18,445 |
Texas Business Leadership Council Austin, TX | $139,586 | $794,093 |