Greater Baton Rouge Economic Partnership Inc
- Assets
- $10.0m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Baton Rouge, LA
- Founding
- 03/1996
- Data as of
- 12/2022
- EIN
- 72-1270359
Organization Overview
Greater Baton Rouge Economic Partnership Inc is located in Baton Rouge, LA. The organization was established in 1996. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, 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. Greater Baton Rouge Economic Partnership 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 12/2022, Greater Baton Rouge Economic Partnership Inc generated $1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $275.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (14.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Greater Baton Rouge Economic Partnership Inc has awarded 37 individual grants totaling $414,005. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BENEFIT AND INCREASE THE QUALITY OF LIFE OF THE GENERAL PUBLIC IN AND AROUND THE BATON ROUGE AREA BY PROMOTING AND SUPPORTING ACTIVITIES AND FUNCTIONS THAT ATTRACT BUSINESS, EDUCATE THE PUBLIC, AND CREATE JOBS THAT OTHERWISE TEND TO INCREASE ECONOMIC GROWTH AND DEVELOPMENT IN THE REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GREATER BATON ROUGE ECONOMIC PARTNERSHIP SUPPORTS ECONOMIC DEVELOPMENT IN THE NINE-PARISH BATON ROUGE AREA AND THESE EFFORTS WERE EXTREMELY SUCCESSFUL IN 2022.
THE LEADERSHIP BATON ROUGE PROGRAM, PART OF THE NATIONAL COMMUNITY LEADERSHIP ASSOCIATION, IS DESIGNED TO SEEK OUT AND EDUCATE LEADERS IN THE BATON ROUGE COMMUNITY BY ENHANCING THE PARTICIPANTS' LEADERSHIP SKILLS, CAPACITIES, AND ATTITUDES WHILE BROADENING THEIR UNDERSTANDING OF COMMUNITY ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ralph Bender Past Chair | OfficerTrustee | 0.3 | $0 |
Helena Cunningham Chair | OfficerTrustee | 0.3 | $0 |
David Mullens First Chair Elect | OfficerTrustee | 0.5 | $0 |
Flynn Foster Business Development Advisory Council | OfficerTrustee | 0.5 | $0 |
Adam Knapp President/ceo | OfficerTrustee | 32 | $0 |
Raedtha Vasquez Gen Counsel/director | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $357,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $982,313 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,339,313 |
| Total Program Service Revenue | $64,970 |
| Investment income | $7,278 |
| 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 | $1,411,561 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $97,016 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $78,669 |
| Advertising and promotion | $0 |
| Office expenses | $14,908 |
| Information technology | $21,352 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $27,238 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,624 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $275,807 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,341,656 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,575 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,699,954 |
| Total assets | $10,047,185 |
| Accounts payable and accrued expenses | $9,366 |
| Grants payable | $0 |
| Deferred revenue | $14,575 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $2,177,454 |
| 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 | $2,201,395 |
| Net assets without donor restrictions | $7,845,790 |
| 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 | $10,047,185 |
Grants Awarded
Over the last fiscal year, Greater Baton Rouge Economic Partnership Inc has awarded $35,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTHERN UNIVERSITY SYSTEM FOUNDATION OFFICE OF RESEARCH PURPOSE: LED - TIER 1 | $25,000 |
SOUTHERN UNIVERSITY SYSTEM FOUNDATION PURPOSE: LED - TIER 1 | $10,000 |