Northeast Educational Development Foundation
- Assets
- $1.3m
- Revenue
- $259.6k
- Investments
- $0.0
- Employees
- 10
- Location
- Oak Grove, LA
- Founding
- 08/1997
- Data as of
- 12/2021
- EIN
- 72-1364920
Organization Overview
Northeast Educational Development Foundation is located in Oak Grove, LA. The organization was established in 1997. According to its NTEE Classification (S32) the organization is classified as: Rural Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Northeast Educational Development Foundation employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northeast Educational Development Foundation 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 12/2021, Northeast Educational Development Foundation generated $259.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $306.9k during the year ending 12/2021. While expenses have increased by 3.1% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE EDUCATION AND ECONOMIC DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE EDUCATION AND ECONOMIC DEVELOPMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Ainsworth President | Officer | 40 | $21,960 |
Mike Henderson Vice President | Trustee | 0 | $0 |
Martha Costello Treasurer | Trustee | 0 | $0 |
Charlotte Hamilton Trustee | Trustee | 0 | $0 |
Robyn Creech Trustee | Trustee | 0 | $0 |
Debbie Taylor Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,398 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,398 |
| Total Program Service Revenue | $0 |
| Investment income | $676 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $237,895 |
| 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 | $259,597 |
| 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. | $21,960 |
| Compensation of current officers, directors, key employees. | $10,980 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $54,789 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,177 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $67,336 |
| Insurance | $18,769 |
| All other expenses | $13,431 |
| Total functional expenses | $306,918 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,917 |
| Savings and temporary cash investments | $81,696 |
| 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 | $1,144,998 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,263,611 |
| Accounts payable and accrued expenses | $2,363 |
| 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 | $2,363 |
| 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 | $1,261,248 |
| Total liabilities and net assets/fund balances | $1,263,611 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Black River Area Development Corporation Pocahontas, AR | $9,485,787 | $11,077,041 |
Coordinating & Development Corp Louisiana Inc Bossier City, LA | $518,798 | $4,124,909 |
Urban Partnerships Community Development Corporation Pearland, TX | $13,389,393 | $5,000,952 |
Western Arkansas Planning And Fort Smith, AR | $1,883,659 | $2,141,077 |
Little Rock Workforce Development Board Little Rock, AR | $359,522 | $1,935,959 |
Southern Mutual Help Association Inc New Iberia, LA | $8,015,178 | $898,903 |
Forge Financing Ozark Rural Growth And Economy Huntsville, AR | $10,015,357 | $2,246,755 |
Texas Rural Funders Austin, TX | $461,661 | $1,275,314 |
Centro Por La Justicia San Antonio, TX | $1,103,116 | $899,952 |
Mississippi Hills Heritage Area Alliance Inc University, MS | $57,717 | $481,249 |
Texas Rural Communities Inc Buda, TX | $8,589,466 | $617,251 |
Northeast Louisiana Economic Alliance Winnsboro, LA | $115,822 | $607,118 |