Bayou Industrial Group
- Assets
- $86.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Thibodaux, LA
- Founding
- 07/1991
- Data as of
- 12/2022
- EIN
- 72-1007197
Organization Overview
Bayou Industrial Group is located in Thibodaux, LA. The organization was established in 1991. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, 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. Bayou Industrial Group 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 12/2022, Bayou Industrial Group generated $104.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $88.9k during the year ending 12/2022. While expenses have increased by 4.7% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDING AN AVENUE FOR BUSINESS LEADERS TO EXCHANGE IDEAS TO GROW BUSINESS AND INDUSTRY OF THE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deanna Lafont Executive Director | 5 | $29,683 | |
Jodie Arceneaux President | 1 | $0 | |
Ben Malbrough Executive Vice President | 1 | $0 | |
Eddie Callais Vice President | 1 | $0 | |
Ray Peters Secretary/treasurer | 1 | $0 | |
Henri Boulet Immediate Past President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,041 |
| Total Program Service Revenue | $6,874 |
| Membership dues | $45,258 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $10,691 |
| Other Revenue | $0 |
| Total Revenue | $104,864 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $29,683 |
| Professional fees and other payments to independent contractors | $1,936 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $37,255 |
| Total expenses | $88,874 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $86,483 |
| Other assets | $0 |
| Total assets | $86,483 |
| Total liabilities | $100 |
| Net assets or fund balances | $86,383 |