Louisiana Gulf Coast Oil Exposition Inc
- Assets
- $715.0k
- Revenue
- $212.4k
- Investments
- $0.0
- Employees
- 8
- Location
- Lafayette, LA
- Founding
- 08/1984
- Data as of
- 12/2023
- EIN
- 72-1002999
Organization Overview
Louisiana Gulf Coast Oil Exposition Inc is located in Lafayette, LA. The organization was established in 1984. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Louisiana Gulf Coast Oil Exposition Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louisiana Gulf Coast Oil Exposition 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 12/2023, Louisiana Gulf Coast Oil Exposition Inc generated $212.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (17.0%) each year. All expenses for the organization totaled $427.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (11.8%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO CULTIVATE ECONOMIC GROWTH OF THE ENERGY INDUSTRY BY FACILITANG DOMESTIC AND GLOBAL BUSINESS DEVELOPMENT AND FOSTERING THE ENERGY WORKFORCE PIPELINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLF TOURNAMENT: FUNDRAISER DEVELOPED TO RAISE FUNDS TO HELP SUPPORT LAGCOE'S EDUCATION FUND, WHICH AWARDS SCHOLARSHIPS TO HIGH SCHOOL STUDENTS PLANNING TO PURSUE A STEM CENTRIC DEGREE IN A COLLEGE OR UNIVERSITY IN LOUISIANA. THE EVENT ALSO CONNECTS PEOPLE BY PROMOTING NETWORK AND BUSINESS DISCUSSIONS ON THE GOLF COURSE AND AT THE NETWORKING SOCIAL.
EDUCATION PROGRAMS, PROFESSIONALS OF LAGCOE MEMBERSHIP/NETWORKING AND OTHER MISCELLANEOUS PROGRAM SERVICES.
EXECUTIVE SUMMIT: ANNUAL SUMMIT WHICH FEATURES TOP INNOVATORS AND WORLD-RENOWNED SPEAKERS THAT GIVE C-SUITE EXECUTIVES AND SENIOR DECISION MAKERS TOOLS TO IGNITE CHANGE AND SPARK A PARADIGM SHIFT IN THEIR BUSINESS. THE SUMMIT FOCUSES ON INFLUENTIAL INNOVATION AND ACTIVATION OF NEW BUSINESS RELATIONSHIPS.
GUMBO COOK-OFF: FEATURES NUMEROUS TEAMS COMPETING IN A SPIRITED CULINARY COMPETITION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Seilhan Chairman | OfficerTrustee | 1 | $0 |
Larry Tolleson Immediate Past Chairman | OfficerTrustee | 1 | $0 |
Justin Courville Chairman Elect | OfficerTrustee | 1 | $0 |
Greg Hernandez Treasurer | OfficerTrustee | 1 | $0 |
Gary Landry Director | Trustee | 0 | $0 |
Jason Arceneaux Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $812 |
| 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 | $812 |
| Total Program Service Revenue | $192,016 |
| Investment income | $14,448 |
| 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 | $212,362 |
| 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. | $85,577 |
| Compensation of current officers, directors, key employees. | $8,557 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $40,698 |
| Pension plan accruals and contributions | $761 |
| Other employee benefits | $14,667 |
| Payroll taxes | $10,357 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,523 |
| Advertising and promotion | $11,964 |
| Office expenses | $10,118 |
| Information technology | $12,947 |
| Royalties | $0 |
| Occupancy | $23,520 |
| Travel | $5,857 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,971 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,014 |
| All other expenses | $18,561 |
| Total functional expenses | $427,229 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,809 |
| Savings and temporary cash investments | $693,414 |
| 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 | $1,767 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $714,990 |
| 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 | $3,344 |
| Total liabilities | $3,344 |
| 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 | $711,646 |
| Total liabilities and net assets/fund balances | $714,990 |