Grow Louisiana Coalition Inc
- Assets
- $1.0m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 04/2015
- Data as of
- 12/2021
- EIN
- 46-4606776
Organization Overview
Grow Louisiana Coalition Inc is located in New Orleans, LA. The organization was established in 2015. According to its NTEE Classification (S30) the organization is classified as: Economic Development, 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. Grow Louisiana Coalition 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 12/2021, Grow Louisiana Coalition Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. While expenses have increased by 0.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE GROW LOUISIANA COALITION IS TO DEMONSTRATE THE IMPORTANCE OF THE STATE'S TRADITIONAL ECONOMIC INDUSTRIES AND HOW THESE INDUSTRIES CREATE A VIABLE FUTURE FOR ITS CITIZENS AND PROVIDE SIGNIFICANT INVESTMENTS IN LOUISIANA'S COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INFORMED THE PUBLIC ON THE IMPORTANCE OF THE INDUSTRY TO THE FUTURE OF LOUISIANA AND ITS RESIDENTS.PURPOSE - INCREASE THE UNDERSTANDING OF THE PUBLIC ABOUT THE IMPORTANCE OF THE OIL AND GAS INDUSTRY AMONG OTHERS TO THE ECONOMIC COMMUNITY, AND ENVIRONMENTAL WELL-BEING OF THE STATE.
DEMONSTRATED, THROUGH VARIOUS ENGAGEMENT OPPORTUNITIES, THE RANGE AND DEPTH OF THE ENERGY AND RELATED INDUSTRIES, INCLUDING SMALL AND LARGE GROUP MEETINGS AND DISCUSSIONS, NEWSLETTER, ONLINE COMMUNICATION, PRODUCTION AND PLACEMENT OF TELEVISION AND RADIO ADS, PUBLIC PRESENTATIONS, AND COMMUNITY PROGRAMS AND EVENTS.PURPOSE - INCREASE THE UNDERSTANDING OF THE PUBLIC ABOUT THE IMPORTANCE OF THE OIL AND GAS INDUSTRY AMONG OTHERS TO THE ECONOMIC, COMMUNITY, AND EVIRONMENTAL WELL-BEING OF THE STATE.
BUILT PARTNERSHIPS WITH THE ORGANIZATIONS THAT PROMOTE THE POSITIVE ECONOMIC AND COMMUNITY EFFECTS OF THE STATE'S OIL AND GAS INDUSTRY.PURPOSE - INCREASE THE UNDERSTANDING OF THE PUBLIC ABOUT THE IMPORTANCE OF THE OIL AND GAS INDUSTRY AMONG OTHERS TO THE ECONOMIC, COMMUNITY, AND ENVIRONMENTAL WELL-BEING OF THE STATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joni Tuck Vice President | Officer | 1 | $0 |
Jeff Copeskey Vice President | Officer | 1 | $0 |
Leah Brown Vice President | Officer | 1 | $0 |
Alex Cheramie Vice President | Officer | 1 | $0 |
Fred Palmer Vice President | Officer | 1 | $0 |
Malcolm Ehrhardt Executive Dir. | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Majority Strategies See Schedule O | 12/30/21 | $145,034 |
The Ehrhardt Group See Schedule O | 12/30/21 | $740,342 |
The Wolf Group See Schedule O | 12/30/21 | $625,045 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,000,000 |
| 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 | $2,000,000 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $2,000,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $1,482 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $715,652 |
| Office expenses | $14,901 |
| Information technology | $3,402 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,401 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $53,080 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,379 |
| All other expenses | $0 |
| Total functional expenses | $1,570,774 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,022,660 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| 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 | $1,022,660 |
| 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 | $0 |
| 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 | $1,022,660 |
| Total liabilities and net assets/fund balances | $1,022,660 |
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