Gulf Economic Survival Team Inc
- Assets
- $42.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Thibodaux, LA
- Founding
- 06/2011
- Data as of
- 12/2019
- EIN
- 27-3449804
Organization Overview
Gulf Economic Survival Team Inc is located in Thibodaux, LA. The organization was established in 2011. 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. Gulf Economic Survival Team Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2019, Gulf Economic Survival Team Inc generated $50.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (31.8%) each year. All expenses for the organization totaled $59.6k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (22.9%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3
PROVIDE A FACILITATOR ROLE BETWEEN OPERATORS, STATE GOVERNMENT, AND THE FEDERAL GOVERNMENT TO RESOLVE PERMITTING DELAYS AS WELL AS MANY REGULATORY ISSUES IMPACTING OFFSHORE DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vic Lafont President | 1 | $0 | |
Scott Melancon Vice President | 1 | $0 | |
Ken Rachal Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $50,000 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $49,780 |
| Occupancy, rent, utilities, and maintenance | $5,053 |
| Printing, publications, postage, and shipping | $23 |
| Other expenses | $4,744 |
| Total expenses | $59,600 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $42,005 |
| Other assets | $0 |
| Total assets | $42,005 |
| Total liabilities | $0 |
| Net assets or fund balances | $42,005 |