Washington Economic Development Foundation Inc
- Assets
- $242.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Bogalusa, LA
- Founding
- 04/1982
- Data as of
- 12/2021
- EIN
- 72-0918553
Organization Overview
Washington Economic Development Foundation Inc is located in Bogalusa, LA. The organization was established in 1982. 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. As of 12/2021, Washington Economic Development Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washington Economic Development Foundation 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 12/2021, Washington Economic Development Foundation Inc generated $108.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $124.8k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3
TO PROVIDE ECONOMIC DEVELOPMENT SERVICES FOR THE CITY OF BOGALUSA & THE SURROUNDING WASHINGTON PARISH ARE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debbie Williams Board Member | 0 | $0 | |
Ken Smith Treasurer | 0 | $0 | |
Chris Workman Presdient | 0 | $0 | |
Ryan Seal Exec. Direc | 0 | $0 | |
Shirley Thompson Adm. Assista | 0 | $0 | |
Dwayne Lambert Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,705 |
| Total Program Service Revenue | $88,724 |
| Membership dues | $0 |
| Investment income | $793 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $8,805 |
| Total Revenue | $108,027 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $97,344 |
| Professional fees and other payments to independent contractors | $2,600 |
| Occupancy, rent, utilities, and maintenance | $12,535 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $12,318 |
| Total expenses | $124,797 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $202,633 |
| Other assets | $0 |
| Total assets | $242,607 |
| Total liabilities | $4,402 |
| Net assets or fund balances | $238,205 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central Arkansas Development Council Benton, AR | $22,711,775 | $63,852,394 |
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Manned Space Flight Education Foundation Incorporated Houston, TX | $76,743,192 | $45,013,359 |
New Orleans & Company New Orleans, LA | $100,855,624 | $31,406,983 |
Mississippi County Arkansas Economic Opportunity Commission In Blytheville, AR | $4,387,153 | $19,452,667 |
Saisd Historic Preservation Corporation San Antonio, TX | $3,795,273 | $2,962,141 |
Whole Planet Foundation Austin, TX | $10,584,602 | $6,202,281 |
East Central Planning & Development District Inc<410 Decatur St Newton, MS | $22,970,956 | $8,929,943 |
Frazier Revitalization Inc Dallas, TX | $12,774,298 | $14,569,658 |
Corpus Christi Area Convention And Tourist Bureau Inc Corpus Christi, TX | $2,305,137 | $5,577,829 |
Edinburg Economic Development Corporation Edinburg, TX | $67,135,031 | $9,281,578 |
Market Lubbock Economic Development Corporation Lubbock, TX | $8,726,484 | $8,303,064 |