Livingston Economic Development Council Inc
- Assets
- $2.1m
- Revenue
- $509.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Walker, LA
- Founding
- 01/1984
- Data as of
- 12/2021
- EIN
- 72-0966247
Organization Overview
Livingston Economic Development Council Inc is located in Walker, LA. The organization was established in 1984. 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, Livingston Economic Development Council Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Livingston Economic Development Council Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Livingston Economic Development Council Inc generated $509.0k 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 (8.1%) each year. All expenses for the organization totaled $328.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.4%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE QUALITY ECONOMIC DEVELOPMENT SERVICES TO ALL AREAS OF LIVINGSTON PARISH
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTINUED DEVELOPMENT OF LIVINGSTON PARISH INDUSTRIAL PARK AND PROMOTION OF LIVINGSTON PARISH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Bennett Executive Director | Trustee | 40 | $154,850 |
Regina Scott Outgoing Chair | Officer | 1 | $0 |
Buddy Wells Vice-Chair | Officer | 1 | $0 |
Josh Prejean Chair | Officer | 1 | $0 |
Jay Labarre Secretary | Officer | 1 | $0 |
Kim Sanders Chair | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $39,672 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $323,758 |
| All other contributions, gifts, grants, and similar amounts not included above | $139,644 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $503,074 |
| Total Program Service Revenue | $0 |
| Investment income | $2,174 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,753 |
| 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 | $509,001 |
| 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. | $166,850 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $39,505 |
| Pension plan accruals and contributions | $4,893 |
| Other employee benefits | $1,143 |
| Payroll taxes | $14,416 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,263 |
| Fees for services: Accounting | $17,745 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $36,453 |
| Office expenses | $10,470 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,597 |
| Travel | $1,399 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,700 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,667 |
| Insurance | $4,472 |
| All other expenses | $0 |
| Total functional expenses | $328,468 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $663,780 |
| Savings and temporary cash investments | $507,563 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,000 |
| 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 | $23,328 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $867,599 |
| Total assets | $2,067,270 |
| Accounts payable and accrued expenses | $2,023 |
| 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 | $2,023 |
| Net assets without donor restrictions | $2,065,247 |
| 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 | $2,067,270 |
Grants Awarded
Over the last fiscal year, Livingston Economic Development Council Inc has awarded $103,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Baton Rouge, LA PURPOSE: GENERAL SUPPORT | $98,000 |
LIVINGSTON PARISH AIRPORT DISTRICT PURPOSE: GENERAL SUPPORTGENERAL SUPPORT | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Livingston Economic Development Council Inc has recieved totaling $13,333.
| Awarding Organization | Amount |
|---|---|
Greater Baton Rouge Economic Partnership Inc Baton Rouge, LA PURPOSE: LED - TIER 1 | $13,333 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central Arkansas Development Council Benton, AR | $22,711,775 | $63,852,394 |
Southern Mississippi Planning And Development District Inc Gulfport, MS | $44,385,657 | $33,837,059 |
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 |