Southwest Louisiana Alliance Foundation Inc
- Assets
- $981.7k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Lake Charles, LA
- Founding
- 06/1985
- Data as of
- 12/2021
- EIN
- 72-1015934
Organization Overview
Southwest Louisiana Alliance Foundation Inc is located in Lake Charles, LA. The organization was established in 1985. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southwest Louisiana Alliance Foundation 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, Southwest Louisiana Alliance Foundation Inc generated $1.2m 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 (3.1%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.7%) 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
ATTRACT NEW BUSINESS TO SOUTHWEST LOUISIANA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES VARIOUS SERVICES TO THE SOUTHWEST LOUISIANA COMMUNITY. EXAMPLES INCLUDE PROGRAMS FOR PUBLISHING AREA ECONOMIC INDICATORS AND STUDYING ECONOMIC DEVELPOMENT.
THE FOUNDATION ADVERTISES IN TRADE PUBLICATION AND USES OTHER MARKETING STRATEGIES TO ATTRACT NEW BUSINESSES TO SOUTHWEST LOUISIANA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Swift President & | OfficerTrustee | 20 | $169,400 |
Thomas Clemons Vc-Business | Trustee | $0 | |
Janie Fruge Vc-Education | Trustee | $0 | |
Jason Guillory Treasurer | Trustee | $0 | |
Ronnie Petree Vc-Govt Affa | Trustee | $0 | |
Ross Raley Legal Counse | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $66,481 |
| All other contributions, gifts, grants, and similar amounts not included above | $211,415 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $277,896 |
| Total Program Service Revenue | $931,291 |
| Investment income | $1,585 |
| 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 | $1,210,772 |
| 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. | $61,142 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $440,520 |
| Pension plan accruals and contributions | $3,792 |
| Other employee benefits | $39,064 |
| Payroll taxes | $32,080 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $41,730 |
| Office expenses | $37,752 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $108,050 |
| Travel | $1,498 |
| 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 | $5,045 |
| Insurance | $0 |
| All other expenses | $1,386 |
| Total functional expenses | $1,203,386 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $922,340 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $40,368 |
| 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 | $19,007 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $981,715 |
| 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 | $143,878 |
| Total liabilities | $143,878 |
| Net assets without donor restrictions | $752,669 |
| Net assets with donor restrictions | $85,168 |
| 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 | $981,715 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Southwest Louisiana Alliance Foundation Inc has recieved totaling $55,000.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Southwest Louisiana Lake Charles, LA PURPOSE: GENERAL SUPPORT | $55,000 |
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 |