North Louisiana Economic Partnership Inc
- Assets
- $983.9k
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 9
- Location
- Shreveport, LA
- Founding
- 04/1982
- Data as of
- 12/2021
- EIN
- 72-0936419
Organization Overview
North Louisiana Economic Partnership Inc is located in Shreveport, LA. The organization was established in 1982. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, North Louisiana Economic Partnership Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Louisiana 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 12/2021, North Louisiana Economic Partnership Inc generated $2.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 0.8% 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
ECONOMIC DEVELOPMENT ACTIVITIES FOR NORTH LOUISIANA
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS IS A NON-PROFIT ORGANIZATION INCORPORATED UNDER THE LAWS OF THE STATE OF LOUISIANA AND IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)3 OF THE INTERNAL REVENUE CODE. ACTIVITIES WITHIN THIS ENTITY ARE PRIMARILY RELATED TO ECONOMIC DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justyn B Dixon President | Officer | 40 | $406,625 |
Angela White Chief Operating Officer | Officer | 40 | $131,823 |
Adam Johnston Member | Trustee | 0 | $0 |
Kevin Crosby Member | Trustee | 0 | $0 |
Chap Breard Chair | Trustee | 0 | $0 |
Jack Clampit Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $420,463 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,691,997 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,112,460 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $2,469,196 |
| 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. | $538,448 |
| Compensation of current officers, directors, key employees. | $80,767 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $414,581 |
| Pension plan accruals and contributions | $54,519 |
| Other employee benefits | $62,946 |
| Payroll taxes | $53,991 |
| 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 | $12,418 |
| Office expenses | $3,231 |
| Information technology | $87,738 |
| Royalties | $0 |
| Occupancy | $108,792 |
| Travel | $8,019 |
| 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 | $236 |
| Insurance | $4,806 |
| All other expenses | $188,041 |
| Total functional expenses | $1,892,774 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $478,868 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $313,913 |
| Accounts receivable, net | $11,704 |
| 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 | $17,083 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $162,336 |
| Total assets | $983,904 |
| Accounts payable and accrued expenses | $55,798 |
| 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 | $55,798 |
| Net assets without donor restrictions | $577,501 |
| Net assets with donor restrictions | $350,605 |
| 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 | $983,904 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that North Louisiana Economic Partnership Inc has recieved totaling $167,888.
| Awarding Organization | Amount |
|---|---|
The Alta And John Franks Foundation Shreveport, LA PURPOSE: CHARITABLE SUPPORT | $100,000 |
Community Foundation Of North Louisiana Shreveport, LA PURPOSE: FOR GENERAL SUPPORT | $54,555 |
Skillup Coalition San Francisco, CA PURPOSE: ACCELERATE INNOVATION TO SUPPORT STUDENT PARENTS AND BREAK DOWN THE BARRIERS THEY FACE IN ACHIEVING SUCCESS IN POST-SECONDARY EDUCATION. | $13,333 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mississippi County Arkansas Economic Opportunity Commission In Blytheville, AR | $4,387,153 | $19,452,667 |
Saisd Historic Preservation Corporation San Antonio, TX | $3,795,273 | $2,962,141 |
Whole Planet Foundation Austin, TX | $10,584,602 | $6,202,281 |
East Central Planning & Development District Inc<410 Decatur St Newton, MS | $22,970,956 | $8,929,943 |
Frazier Revitalization Inc Dallas, TX | $12,774,298 | $14,569,658 |
Corpus Christi Area Convention And Tourist Bureau Inc Corpus Christi, TX | $2,305,137 | $5,577,829 |
Edinburg Economic Development Corporation Edinburg, TX | $67,135,031 | $9,281,578 |
Market Lubbock Economic Development Corporation Lubbock, TX | $8,726,484 | $8,303,064 |
Lubbock Economic Development Alliance Inc Lubbock, TX | $29,508,777 | $13,680,218 |
Northwest Arkansas Economic Development District Inc Harrison, AR | $3,285,809 | $5,390,544 |
Mcallen Economic Development Corporation Mcallen, TX | $25,789,547 | $5,490,638 |
Greater Brownsville Incentives Corporation Brownsville, TX | $32,068,237 | $6,507,551 |