La 1 Coalition Inc
- Assets
- $3.4m
- Revenue
- $354.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Thibodaux, LA
- Founding
- 11/1997
- Data as of
- 12/2021
- EIN
- 72-1348687
Organization Overview
La 1 Coalition Inc is located in Thibodaux, LA. The organization was established in 1997. According to its NTEE Classification (W40) the organization is classified as: Public Transportation Systems, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. LA 1 Coalition Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, LA 1 Coalition Inc generated $354.7k 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 (6.2%) each year. All expenses for the organization totaled $297.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (21.0%) 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
GAIN NATIONAL RECOGNITION FOR FUNDING LA HWY 1 ROAD IMPROVEMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COALITION WAS FORMED TO WORK TOWARD INFRASTRUCTURE IMPROVEMENTS WITHIN THE COMMUNITY. THE MAJORITY OF THE COALITION'S ACTIVITIES INVOLVE TRYING TO OBTAIN NATIONAL RECOGNITION OF LA HWY 1 TO DEVELOP A FOUR LANE HIGHWAY FROM US HWY 90 TO PORT FOURCHON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chett Chiasson President | OfficerTrustee | 1 | $0 |
Larry Griffin Board Member | Trustee | 0.5 | $0 |
Joseph Picciola III Board Member | Trustee | 0.5 | $0 |
Patrick Brady Board Member | Trustee | 0.5 | $0 |
Kevin Bruce Board Member | Trustee | 0.5 | $0 |
Larry Picciola Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $280,575 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $70,333 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $350,908 |
| Total Program Service Revenue | $0 |
| Investment income | $3,742 |
| 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 | $354,650 |
| 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. | $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 | $7,709 |
| Fees for services: Management | $100,800 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $118,221 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,194 |
| Advertising and promotion | $26,534 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,685 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $72 |
| Insurance | $13,920 |
| All other expenses | $0 |
| Total functional expenses | $297,257 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,944,451 |
| Savings and temporary cash investments | $500,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,531 |
| 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 | $120 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,446,102 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,662,977 |
| Net assets with donor restrictions | $1,783,125 |
| 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 | $3,446,102 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that La 1 Coalition Inc has recieved totaling $16,875.
| Awarding Organization | Amount |
|---|---|
South Louisiana Economic Council Inc Thibodaux, LA PURPOSE: ECONOMIC DEVELOPMENT | $16,875 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texoma Area Paratransit System Inc Sherman, TX | $3,547,459 | $3,262,902 |
Metroplan Little Rock, AR | $5,480,726 | $2,579,556 |
Mckinney Avenue Transit Authority Inc Dallas, TX | $1,666,425 | $2,237,823 |
Has Development Corporation Houston, TX | $20,118,032 | $1,642,583 |
Arkansas Transit Association Inc North Little Rock, AR | $4,326,481 | $770,783 |
Link Houston Houston, TX | $2,246,425 | $1,674,343 |
Southwest Transit Association Baton Rouge, LA | $282,006 | $321,475 |
Transportation Advocacy Group-Houston Region Houston, TX | $264,231 | $375,141 |
La 1 Coalition Inc Thibodaux, LA | $3,446,102 | $354,650 |
Tta-Texas Transit Association Inc Austin, TX | $410,146 | $222,026 |
Texas Electric Transportation Resources Alliance Education Fund Austin, TX | $208,451 | $302,804 |
Texas High Speed Rail And Transportation Corporation Dallas, TX | $825 | $0 |