Iberia Council On Aging Inc
- Assets
- $578.2k
- Revenue
- $496.2k
- Investments
- $0.0
- Employees
- 30
- Location
- New Iberia, LA
- Founding
- 08/1984
- Data as of
- 06/2024
- EIN
- 72-0898635
Organization Overview
Iberia Council On Aging Inc is located in New Iberia, LA. The organization was established in 1984. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. As of 06/2024, Iberia Council On Aging Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iberia Council On Aging Inc 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 06/2024, Iberia Council On Aging Inc generated $496.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $487.8k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 8 years. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO DELIVER SERVICES TO THE ELDERLY OF IBERIA PARISH. WE ARE THE DESIGNATED AGENCY (IN AFFILIATION WITH REGIONAL & STATE AGENCIES) FOR MEAL SERVICES, SENIOR CENTER, HOMEMAKER, TRANSPORTATION AND SIMILAR SERVICES TO THE AGING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL PROGRAMS ARE DESIGNATED TO DELIVER SERVICES TO THE ELDERLY OF IBERIA PARISH. WE ARE THE DESIGNATED AGENCY (IN AFFILIATION WITH REGIONAL AND STATE AGENCIES) FOR MEAL SERVICES, SR. CENTER, TRANSPORTATION AND SIMILAR SERVICES TO THE AGING. ALL COSTS ARE DIRECT OR INDIRECT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauren Barras Director | Trustee | $0 | |
Roberta Boudreaux Board Presid | OfficerTrustee | $0 | |
Butch Bourgeois Director | Trustee | $0 | |
Hayley Boutte Director | Trustee | $0 | |
Susan Colden Director | Trustee | $0 | |
Darryl Derouen Vice Preside | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $418,971 |
| All other contributions, gifts, grants, and similar amounts not included above | $35,337 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $454,308 |
| Total Program Service Revenue | $26,556 |
| Investment income | $15,385 |
| 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 | $496,249 |
| 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 | $290,343 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $22,516 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $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 | $36,425 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,709 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $487,828 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $292,791 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $81,925 |
| 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 | $231 |
| Net Land, buildings, and equipment | $203,242 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $578,189 |
| Accounts payable and accrued expenses | $18,327 |
| 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 | $14,310 |
| Total liabilities | $32,637 |
| Net assets without donor restrictions | $192,240 |
| Net assets with donor restrictions | $353,312 |
| 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 | $578,189 |